Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
M&A / Property

Westhaven Gold and Dundee Corporation Announce Closing of Strategic $85M Earn-In Agreement to Advance Shovelnose and the Spences Bridge Gold Belt, British Columbia

Dundee’s $85M validation transforms Westhaven from struggling explorer to fully-funded developer

By The Northwire Desk — AI Analysis Feb 23, 2026 · 07:00 WHN · 0.275 Westhaven Gold Corp.
Executive Summary

The most recent news (February 23, 2026) confirms the closing of a definitive earn-in agreement with Dundee Corporation. Dundee has the right to acquire up to a 60% interest in Westhaven’s Spences Bridge Gold Belt projects, including the flagship Shovelnose project. To earn this, Dundee must fund CDN$85,000,000 in project expenditures over seven years. The first phase requires a firm commitment of CDN$30,000,000 by February 2029 to earn an initial 25%. This follows the launch of a massive 50,000m drill program for 2026, budgeted at $20M, which is now fully funded by Dundee.

Material Impact

This is a "Game Changer" for a junior explorer that was trading at $0.11 just months ago. - Financial De-risking: The $85M commitment is larger than Westhaven’s entire market capitalization. It effectively removes the "dilution death spiral" typical of junior miners. - Strategic Validation: Dundee Corporation is a sophisticated institutional investor. Their commitment to spend $30M just to get 25% implies a project valuation far higher than the current market cap. - Operational Acceleration: The 50,000m drill program is the largest in the company's history. Funding is secured for infill drilling at the South Zone and district-scale exploration. - Institutional Support: This follows recent investments by Rob McEwen ($1.5M) and Eric Sprott, signaling a high-tier shareholder registry.

WHN · Price
Company Overview

Westhaven Gold Corp. controls 100% of the Spences Bridge Gold Belt (SBGB) in Southern British Columbia, totaling ~61,512 hectares. - Flagship: Shovelnose Gold Project. - Economics (2025 PEA): After-tax NPV6% of CDN$454M, IRR of 43.2%, and an 11-year mine life. - Infrastructure: Exceptional. Located next to the Coquihalla Highway, near power and rail, allowing for year-round drilling and lower Capex ($184M initial).

Read the original news release →

More from Westhaven Gold Corp.

Oct 28, 2026 · 07:00

Westhaven infill drilling confirms South Zone grades, with scale and the pre-feasibility study remaining the primary catalysts for the project.

Drill Results 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 Jun 16, 2026 · 10:31

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

M&A / Property