Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,037.90 −1.9% Silver 51.48 −2.3% Copper 6.27 −1.1% Oil 86.45 −0.5% Palladium 1,023.25 +0.2% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.372 −2.0% VCG 1.07 +4.9% LVX 0.235 −30.9% RAMP 0.250 −7.4% Gold 4,037.90 −1.9% Silver 51.48 −2.3% Copper 6.27 −1.1% Oil 86.45 −0.5% Palladium 1,023.25 +0.2% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.372 −2.0% VCG 1.07 +4.9% LVX 0.235 −30.9% RAMP 0.250 −7.4%
Financings

Thesis Gold & Silver Closes Strategic Investment by AngloGold Ashanti and Participation by Centerra Gold for C$44M

Major Miners Validate District-Scale Potential as Thesis Secures C$44M Strategic Backing

By The Northwire Desk — AI Analysis Feb 26, 2026 · 09:02 TAU · 3.4 Thesis Gold & Silver Inc.
Executive Summary

The most recent news (February 26, 2026) confirms the closing of a C$44 million strategic private placement. AngloGold Ashanti has entered as a major new strategic investor, acquiring 13,858,883 shares for C$38.7M. Existing strategic partner Centerra Gold maintained its position by acquiring 2,059,730 shares for C$5.7M. Both investments were priced at C$2.79 per share. AngloGold Ashanti now holds significant investor rights, including participation rights in future financings and the right to appoint members to a technical committee.

Material Impact

This news is Material - Positive. While the financing was previously announced on February 19, the closing solidifies a massive valuation jump and technical validation for the company. - Valuation Validation: The C$2.79 price is a significant premium compared to the C$1.03 investment by Centerra less than a year ago (April 2025) and the C$1.42 First Nations placement (November 2025). - Tier-1 Endorsement: Having AngloGold Ashanti—a global senior producer—take a lead stake alongside Centerra suggests the Lawyers-Ranch project is increasingly viewed as a "Tier-1" candidate capable of meeting major producer production hurdles. - Financial De-risking: The C$44M infusion, combined with the C$36M cash balance reported in November 2025, provides a massive treasury to fund the Feasibility Study and Environmental Assessment without further dilution in the near term.

TAU · Price
Company Overview

Thesis Gold & Silver (formerly Thesis Gold/Benchmark Metals) owns 100% of the Lawyers-Ranch Project in the Toodoggone Mining District of BC. - Flagship Project: Lawyers-Ranch. - PFS Highlights (Jan 2026): After-tax NPV5% of C$2.37B, IRR of 54.4%, and a 1.1-year payback. - Production: 15-year mine life averaging 187,000 AuEq oz/year (266,000 oz in first 3 years). - Resource: 4.56 Moz AuEq (M&I) at 1.21 g/t.

Read the original news release →

More from Thesis Gold & Silver Inc.

Sep 28, 2026 · 07:00

Thesis advances its Lawyers-Ranch deposit permitting timeline toward a 2029 decision with a new British Columbia submission.

Other Aug 27, 2026 · 17:14

AngloGold Ashanti increases its stake to 9.7% and funds the next phase of the Lawyers Ranch project.

Financings Aug 17, 2026 · 07:00

AngloGold doubles its stake to 9.7% in Thesis through a C$58.5M raise for the Lawyers-Ranch project.

Financings Jun 26, 2026 · 07:00

Thesis Gold & Silver Receives Confirmation of Substituted Impact Assessment Process for Lawyers-Ranch

Regulatory Jun 17, 2026 · 07:00

Thesis advances drilling at Lawyers-Ranch as its feasibility study nears completion, securing strategic backing for the project.

Drill Results May 29, 2026 · 09:10

AngloGold‑backed Thesis advances a massive BC gold‑silver district, but an unrelated junior’s airborne survey does nothing for its own investment case.

Drill Results