Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4192.70 +0.5% SILVER 57.49 +0.6% COPPER 6.59 +0.5% OIL 96.48 −1.5% PALLADIUM 1120.25 −0.7% MON 0.385 −6.1% OMI 0.255 +2.0% BUFF 0.800 +2.6% FEO 0.670 +3.1% LIB 0.710 −1.4% NPR 0.640 +3.2% QZM 0.380 +0.0% BVA 0.750 −1.3% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5% SLG 5.62 −1.6% CASA 0.065 +8.3% DRY 0.220 +2.3% SOMA 0.580 +3.6% GOLD 4192.70 +0.5% SILVER 57.49 +0.6% COPPER 6.59 +0.5% OIL 96.48 −1.5% PALLADIUM 1120.25 −0.7% MON 0.385 −6.1% OMI 0.255 +2.0% BUFF 0.800 +2.6% FEO 0.670 +3.1% LIB 0.710 −1.4% NPR 0.640 +3.2% QZM 0.380 +0.0% BVA 0.750 −1.3% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5% SLG 5.62 −1.6% CASA 0.065 +8.3% DRY 0.220 +2.3% SOMA 0.580 +3.6%
M&A / Property Routine +

Westhaven Gold Presenting Today at the Energy & Precious Metals Virtual Investor Summit

Westhaven Gold advances Shovelnose drilling and its Dundee partnership despite facing pre-revenue liquidity constraints.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 10:31 WHN · 0.305 Westhaven Gold Corp.
Executive Summary
  • Westhaven Gold Corp. announced that its President & CEO will present live at the Energy & Precious Metals Virtual Investor Summit on June 16, 2026, with 1x1 investor meetings scheduled through June 19.
  • The release reiterates the strategic earn-in agreement with Dundee Corporation, allowing Dundee to acquire up to a 60% interest in four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged expenditures.
  • Highlights that the fully funded 50,000m drill program at the Shovelnose project is currently underway.
  • Reiterates the updated 2025 Preliminary Economic Assessment (PEA) projecting an 11-year life-of-mine operation with a CDN$454 million after-tax NPV and 43.2% IRR.
  • No new financial, operational, or exploration data is disclosed; the release serves as a marketing and investor relations update.
Material Impact
  • The announcement is a routine follow-up to previously disclosed catalysts. The Dundee earn-in agreement (closed Feb 23, 2026), the 50,000m drill program launch (Feb 17, 2026), and the updated PEA (Feb/May 2026) have already been communicated to the market.
  • The presentation reinforces existing expectations but introduces no new valuation drivers, operational milestones, or capital structure changes.
  • Impact is neutral to slightly positive as it maintains visibility and management engagement, but it does not alter the fundamental risk/reward profile or trigger a repricing of the stock.
WHN · Price
Company Overview
  • Westhaven Gold Corp. is a pre-revenue exploration and development company focused on the Spences Bridge Gold Belt in southern British Columbia.
  • Flagship project: Shovelnose Gold Project.
  • Status: Pre-feasibility stage. The updated 2025 PEA outlines an 11-year underground mine producing an average of 56,000 oz Au and 313,000 oz Ag annually.
  • Project economics: CDN$454M after-tax NPV (6% discount rate), 43.2% IRR, and an All-In Sustaining Cost (AISC) of US$836/oz AuEq.
  • Land base: ~60,263 hectares across four properties, targeting low sulphidation, high-grade, epithermal-style gold and silver mineralization.
Read the original news release →

More from Westhaven Gold Corp.

Sep 22, 2026 · 07:00

Westhaven’s South Zone infill holds resource grade with a best hole of 200 g·m, falling below prior batches.

Drill Results Aug 20, 2026 · 07:00

Westhaven’s fifth South Zone infill batch confirms grade, though below-PEA stopes remain unproven.

Drill Results Jul 28, 2026 · 07:00

Westhaven’s infill drilling at Shovelnose confirms high-grade epithermal gold continuity with a flagship hole of 27.5m at 14.5 g/t Au.

Drill Results Jul 07, 2026 · 07:00

Westhaven infill drilling confirms continuity at its project while launching exploration without identifying a new discovery.

Drill Results May 26, 2026 · 07:00

Westhaven Drill Results Validate Shovelnose PEA Economics Amidst Dundee Partnership Execution

Drill Results May 13, 2026 · 07:00

Westhaven Gold Corp.

Drill Results