Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Drill Results

VISIBLE GOLD EXPANDS HORSEFLY GOLD PROPERTY BY 170 KM Superscript 2 IMMEDIATELY WEST OF IAMGOLD'S NELLIGAN MINING COMPLEX

Visible Gold pivots to aggressive expansion under new leadership following $3 million asset liquidation.

By The Northwire Desk — AI Analysis Mar 02, 2026 · 07:30 VGD · 0.195 Visible Gold Mines Inc.
Executive Summary

The most recent news (March 2, 2026) announces a significant 170 km² expansion of the Horsefly gold property in Quebec. Visible Gold acquired 304 mining claims immediately west of IAMGOLD’s Nelligan Mining Complex for $150,000 cash and 1,000,000 common shares. Crucially, the vendor retains 0% royalties, giving Visible Gold 100% unencumbered ownership. This follows the February 23, 2026, appointment of Jean-Marc Lacoste as CEO, a veteran with a track record of $250 million in M&A.

Material Impact

The news is Routine - Positive. While the land expansion is large (tripling the project size) and strategically located near a 11.8-million-ounce gold system (Nelligan), it is a logical follow-up to the corporate update provided in October 2025. The market was already aware that Horsefly was the "flagship" and that the company had $1.5 million in fresh cash from the Fokus Mining asset sale to fund such moves. - Strategic Alignment: The acquisition validates the new CEO's mandate to "identify and advance high-quality gold opportunities." - Financial Impact: The $150k cash outlay is manageable given the $750k final payment received from Fokus in January 2026. - Operational Impact: The 0% royalty status is a rare and highly positive attribute for an exploration-stage property, increasing the project's long-term net present value (NPV).

VGD · Price
Company Overview

Visible Gold Mines is a Quebec-focused explorer. Its flagship is the Horsefly Property, located 19 km west of IAMGOLD’s Nelligan project. The property targets gold-bearing deformation corridors and felsic intrusions similar to the Nelligan deposit. Following the recent expansion, the project covers 392 claims. The company also holds the MegaLi Lithium project (100% owned after SPOD Lithium default) and the Veronik gold property.

Read the original news release →

More from Visible Gold Mines Inc.

Oct 01, 2026 · 08:17

Visible expands district-scale land adjacent to IAMGOLD to fuel early-stage exploration efforts.

Drill Results Sep 03, 2026 · 07:30

Visible divests its majority stake in the Sakami project to refocus on its Moroccan gold assets.

M&A / Property Aug 24, 2026 · 07:37

Visible divests a non-core lithium asset to fund its gold-focused strategy.

M&A / Property May 27, 2026 · 07:30

Junior Gold Explorer Expands James Bay Footprint, Awaits Discovery Spark

M&A / Property May 01, 2026 · 07:30

Visible Gold Mines Secures Non-Dilutive Liquidity Boost Ahead of Horsefly Drilling Campaign

Management Feb 23, 2026 · 08:00

Strategic Pivot to Gold Accelerated by High-Profile CEO Appointment and Asset Monetization

Management