Northwire Canada EditionFriday, November 13, 2026
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Gold 3,887.00 +0.0% Silver 49.80 −0.5% Copper 6.15 −0.7% Oil 88.53 −0.2% Palladium 1,013.00 +2.2% LVG 0.340 +6.2% BBB 0.500 −2.0% NGC 0.060 +0.0% ABRA 10.78 −3.2% OBUL 0.345 −1.4% MKO 10.82 −3.1% SGML 7.08 −3.7% CERT 2.12 +0.5% SILV 0.090 −5.3% CTGO 18.66 −9.2% BRAU 0.510 −3.8% TFPM 43.36 −3.0% USA 3.98 −5.5% TIG 0.830 +3.8% K 29.53 −3.4% BGAU 1.04 +3.0% Gold 3,887.00 +0.0% Silver 49.80 −0.5% Copper 6.15 −0.7% Oil 88.53 −0.2% Palladium 1,013.00 +2.2% LVG 0.340 +6.2% BBB 0.500 −2.0% NGC 0.060 +0.0% ABRA 10.78 −3.2% OBUL 0.345 −1.4% MKO 10.82 −3.1% SGML 7.08 −3.7% CERT 2.12 +0.5% SILV 0.090 −5.3% CTGO 18.66 −9.2% BRAU 0.510 −3.8% TFPM 43.36 −3.0% USA 3.98 −5.5% TIG 0.830 +3.8% K 29.53 −3.4% BGAU 1.04 +3.0%
M&A / Property

Centenario signs firm option to acquire Cabot project

Newfoundland Pivot: Centenario Secures High-Grade Copper Lifeline to Escape Insolvency and Audit Delays

By The Northwire Desk — AI Analysis Dec 18, 2025 · 17:50 CTG · 0.01 Centenario Gold Corp.
Executive Summary

Centenario Gold Corp. has finalized a definitive option agreement with PNL Ventures Ltd. to acquire a 100% interest in the Cabot Copper-Gold-Cobalt project in Newfoundland. To facilitate this acquisition and address its dire financial state, the company is implementing a 10:1 share consolidation and a non-brokered private placement to raise up to $1.5 million. The financing consists of post-consolidation units priced at $0.10 (equivalent to $0.01 pre-consolidation). The project includes the Cabot Copper Zone (historical samples up to 7% Cu) and the Marble Cove Gold prospect (historical samples up to 70.38 g/t Au). A spring 2026 drill program is planned.

Material Impact

The impact is material and serves as a corporate "lifeline." - Survival: The company was effectively insolvent as of Q3 2025, with only $17,201 in cash against $216,947 in liabilities. - Pivot: This marks a total strategic shift from Mexican gold/silver exploration to Newfoundland copper/gold. - Regulatory: The financing is required to pay auditors and resolve the Management Cease Trade Order (MCTO) that has plagued the company since May 2025. - Dilution and Rollback: While the $1.5M is necessary, the 10:1 consolidation and the issuance of 15 million new post-consolidation units will significantly dilute existing shareholders who have seen the price stagnate at $0.01 for most of the year.

CTG · Price
Company Overview

Centenario Gold was originally focused on Mexico but has shifted to the Cabot Project on Newfoundland's Baie Verte Peninsula. - Flagship Project: Cabot Project (Copper, Gold, Cobalt). - Jurisdiction: Newfoundland and Labrador, Canada (mining-friendly). - Geology: Includes a VMS-style copper zone and a separate high-grade gold prospect. The project is adjacent to Firefly Metals’ Ming Copper-Gold Mine.

Read the original news release →

More from Centenario Gold Corp.

Nov 12, 2026 · 06:00

Centenario confirms skarn targets at Los Reyes, with economic grades awaiting assay results.

Drill Results Nov 05, 2026 · 06:00

Centenario extends the Cabot trend past 850m and plans a 1,500m drill program for late November 2026.

Drill Results Sep 28, 2026 · 06:00

Centenario’s maiden drilling at Los Reyes validates targets despite dilution and going-concern risks.

Drill Results Aug 28, 2026 · 06:00

Centenario raises $1.5m at $0.10 to fund exploration at its Mexican and Newfoundland projects.

Financings Aug 07, 2026 · 06:00

Centenario’s discounted $0.10 financing extends its runway but deepens dilution and going concern risks.

Financings Jul 13, 2026 · 06:01

Centenario’s Los Reyes sampling confirms high-grade Cu-Mo-Au skarn, with a drilling program scheduled to commence in August.

Drill Results