Project 104 statements
The deposit 62
Key takeaway. Management describes Banyan's deposit as an on-surface deposit with existing roads and a power line crossing it (July 2026).
Read the full summary
The company reports 8.6 million ounces total in both May and July 2026 statements, though the split differs: in May they cite 3.6 million oz indicated and 5 million oz inferred, while in July they cite 3.6 million oz indicated and 5 million oz inferred at a 0.25 cutoff in one claim, but 5 million oz inferred in another. At a 0.55 cutoff they report 5.2 million ounces, and they note a 96% conversion rate from inferred to indicated (July 2026). Management says the deposit is open in all directions, they have drilled less than 2% of their 830–840 sq km property, and they believe the Ormac zone will be "an order of magnitude at least bigger than it is right now."
What was actually said
deposit type
on-surface deposit with existing roads across it, existing power line
“this is an on-surface deposit with existing roads across it, existing power line that goes right to the hydro dam”
Tara Christie·
15 Jul 2026·
exploration upside
almost 840 square kilometers; only drilled less than 2%; 10 other targets, seven AI and geologist generated, three pure AI targets
“We also have finally enough money in the bank to drill some of our greenfield exploration targets. We have almost 840 square kilometers. We've only drilled less than 2% to get our existing resource.”
Tara Christie·
15 Jul 2026·
grade
at 0.55 cut-off, 5.2 million oz; at 0.25 cut-off, additional ounces; at 1.4 grade, combined over 4 million oz at 0.55
“If you look at the sensitivity chart at a 0.55 cut-off, you can see 5.2 million oz of a gram.”
Tara Christie·
15 Jul 2026·
Show the other 59 statements
resource size
8.6 million oz in total, 3.6 million oz of indicated and 5 million oz of inferred
“Our project we have 8.6 million oz in total, 3.6 million oz of indicated and 5 million oz of inferred.”
Tara Christie·
15 Jul 2026·
exploration upside
believes Ormac will be an order of magnitude at least bigger than it is right now
“I believe Ormac will be an order of magnitude at least bigger than it is right now”
Tara Christie·
09 Jul 2026·
exploration upside
two brand new high-grade zones outside the mineral resource
“we've got two brand new high-grade zones that are outside the mineral resource”
Tara Christie·
09 Jul 2026·
exploration upside
830 sq km property
“We have 830 sq km.”
Tara Christie·
09 Jul 2026·
exploration upside
drilling deep holes to 350 m hitting 15 g/t material
“We have, you know, deep holes down to 350 m that hit 15 g material.”
Tara Christie·
09 Jul 2026·
exploration upsize
acquired another 450 km of ground with two projects adjacent to Nitra
“we acquired another 450 km from a ground with various different projects, including two that are immediately adjacent to our Nitra”
Tara Christie·
09 Jul 2026·
grade
10% increase in grade in main deposit, almost 12% increase in airstrip deposit
“We had a 10% increase in grade. A 60% increase in indicated, and in the airstrip deposit, we actually had a much higher increase in grade, almost 12%”
Tara Christie·
09 Jul 2026·
resource size
96% conversion rate from inferred to indicated
“Over a 96% conversion rate from indicated from inferred to indicated, that's very high conversion rate.”
Tara Christie·
09 Jul 2026·
exploration upside
deposit still open in all directions
“this deposit still open in all directions, and there's very few deposits.”
Tara Christie·
26 May 2026·
exploration upside
720 sq km on property with exploration targets
“we have over 720 sq km on our property, and we're going to have two fly drills out testing some of those other targets”
Tara Christie·
26 May 2026·
exploration upside
top five in North America of this scale of deposits
“I think we're in the top five in North America of this scale of deposits.”
Tara Christie·
26 May 2026·
grade
grade increase of over 8%
“a grade increase of over 8%.”
Tara Christie·
26 May 2026·
grade
high grade intervals including 16 m at 9 g and 40 at 4
“some of those high grades are long intervals like 16 m at 9 g, 40 at 4.”
Tara Christie·
26 May 2026·
grade
Airstrip had 11% increase in inferred grade
“11% increase in the inferred grade”
Tara Christie·
26 May 2026·
grade
Airstrip had 68% increase in inferred and grade of 0.84
“at airstrip, we actually got an additional 68% increase in inferred and a grade of 0.84.”
Tara Christie·
26 May 2026·
grade
significant higher grades at depth
“at depth, we're seeing great potential and significant grade”
Tara Christie·
26 May 2026·
resource size
8.6 million ounces total
“3.6 indicated and 5 inferred. That's like my math tells me that's 8.6 million ounces.”
Tara Christie·
26 May 2026·
resource size
5 million oz plus of 1 g going into mine plan
“with that 5 million oz plus of 1 g that probably goes into your mine plan”
Tara Christie·
26 May 2026·
resource size
3.6 million ounces indicated and 5 million ounces inferred
“3.6 million ounces of indicated and uh 5 million ounces of inferred.”
Tara Christie·
26 May 2026·
resource size
3.6 million ounces indicated and 5.7 million ounces inferred at 0.25 cutoff
“look at the sensitivity table at 0.25, and there you'll see 3.6 million ounces or 3.9 million ounces of indicated at 0.6 and 5.7 million ounces uh at inferred.”
Tara Christie·
26 May 2026·
resource size
5.2 million ounces at 0.55 cutoff
“If you look at 0.55 cutoff, there's 5.2 million ounces of a gram.”
Tara Christie·
26 May 2026·
deposit type
flat topography, high-grade starter pits at surface
“it's on flat topography, those high-grade starter pits that we worked really hard on defining with last year's drilling, our rate starting at surface”
Tara Christie·
16 May 2026·
exploration upside
10 targets on the property with potential for satellite deposits of over a half a million ounces each
“we believe geologically, with our knowledge, some of those other 10 targets on the property have the potential to have a satellite deposit of over a half a million ounces.”
Tara Christie·
16 May 2026·
resource size
2.2 million ounces indicated and 5.4 million ounces inferred
“We're already sitting with an existing resource of 2.2 million ounces of indicated and 5.4 million ounces of inferred.”
Tara Christie·
16 May 2026·
exploration upside
43,000 meters drilled in 2025 drilling
“We've since drilled another 43,000 meters in our 2025 drilling.”
Tara Christie·
07 May 2026·
price assumption
2050 gold price
“that was put out last summer at a 2050 gold price.”
Tara Christie·
07 May 2026·
resource size
close to 8 million ounces
“We've got that, you know, close to 8 million ounces.”
Tara Christie·
07 May 2026·
resource size
2.2 million ounces of indicated and 5.4 ounces of inferred
“we already have a large existing resource with 2.2 2 million ounces of indicated and 5.4 ounces of inferred.”
Tara Christie·
07 May 2026·
deposit type
on-surface deposit with low strip ratio
“we have a low strip ratio on the deposit because it starts right at surface.”
Tara Christie·
05 Apr 2026·
exploration upside
almost 8 million oz now
“We've taken this project from discovery in 2019 to having almost 8 million oz now.”
Tara Christie·
05 Apr 2026·
exploration upside
high-grade silver discovery to be drilled in 2026
“And then our high-grade silver, you know, that the value of that is that that um it could be permitted and have early cash flow because it's very high-grade, potentially open-pit minable.”
Tara Christie·
05 Apr 2026·
exploration upside
room to grow by probably an order of magnitude
“We believe that our deposit has lots of room to grow by probably an order of magnitude.”
Tara Christie·
05 Apr 2026·
exploration upside
drilled to 650 m, 350 m, and found high-grade ore; can continue to expand
“We drilled to 650 m, 350 m, and found high-grade ore. We know we can continue to expand it.”
Tara Christie·
05 Apr 2026·
grade
high grade core; 5 million oz of plus 1 g
“we've got this high grade core. And when you look at the deposit and you use a 0.55 cutoff, you can already see there's a substantial number of oz of plus 1 g that hang together.”
Tara Christie·
05 Apr 2026·
resource size
2.2 million oz of indicated resources, 5.4 million oz of inferred
“We are starting within existing resource. 2.2 million oz of indicated resources, 5.4 million oz of inferred.”
Tara Christie·
05 Apr 2026·
exploration upside
deposit open in all directions and at depth, one hole down to 650 m vertically mineralized at bottom, 350 m hole with 15 g material near bottom
“It's open um and it's open at depth. You know, we got one hole down to 650 m vertically. It's mineralized right at the bottom. We had that 350 m hole that we just put out 2 weeks ago with 15 g material near the bottom with a strong geochemical signature”
Tara Christie·
03 Mar 2026·
exploration upside
stepped out a kilometer both east and west on Airstrip, showing deposit can be much larger on surface
“We stepped out a kilometer both east and west on a strip which is a big step out on airstrip.”
Tara Christie·
03 Mar 2026·
exploration upside
silver high-grade discovery with 18 hits, six distinct veins, 14,000 g per ton and 13,000 g per ton intercepts, crosses gold deposit
“You know, 14,000 g per ton, 13,000 g per ton over 2.9 m within a broader halo of of 300 g over a 100 meter. And then just 20 m away. And the same vein 20 m away, you know, 10,000 g per ton over 1.9 within 5600 over 3.4. So we've had 18 hits, six distinct veins and yes it crosses our our gold deposit.”
Tara Christie·
03 Mar 2026·
grade
16 m of 9 g, 40 m of 4 g in Airstrip area
“Remember 16 m of 9 g 40 m of 4 g. That's not the typical grade that you hear from Banyan and you're seeing it in our results”
Tara Christie·
03 Mar 2026·
grade
two to three 16 gram intercepts in high-grade zones in Power Line area
“there's another high-grade zone in there where we see this two three 16 gram intercepts where these high-grade lithologies are holding together”
Tara Christie·
03 Mar 2026·
resource size
2.2 million ounces of indicated and 5.5 ounces of inferred
“Banyan is advancing our very substantial ORMAC project in Canada's Yukon Territory with an existing resource of 2.2 million ounces of indicated and 5.5 ounces of inferred.”
Tara Christie·
03 Mar 2026·
deposit type
mill project
“This will be a mill project.”
Tara Christie·
03 Jan 2026·
exploration upside
five million ounces of plus one gram that are going to go into our mine plan
“that's why our target for last year was drilling off the five million ounces of plus one gram that are going to go into our mine plan”
Tara Christie·
03 Jan 2026·
exploration upside
structurally controlled silver deposit which could potentially be significant, with high-grade of 14 kilograms per ton, 11,000 over 1.2 2 meters, and 1,800 grams per ton silver over almost 18 meters
“we can now see that there's probably a corridor there where we have a a structurally controlled silver deposit which could potentially be significant. You know, we've got some pretty high grade, you know, 14 kilograms per ton, 14,000 g per ton, 11,000 over 1.2 2 mters, but within a broader interval of 1,800 uh grams per ton silver over almost 18 meters”
Tara Christie·
03 Jan 2026·
resource size
2.2 million ounces indicated and 5.4 million ounces inferred
“We have a very large existing resource in the Yukon uh with 2.2 million ounces of indicated and 5.4 4 million ounces of inferred”
Tara Christie·
03 Jan 2026·
deposit type
gold deposit
“we've got an amazingly big gold deposit”
Tara Christie·
15 Sep 2025·
exploration upside
targeting 5 million ounces of 1 g plus that will go into a mine plan
“our tagline is now targeting 5 million ounces of 1 g plus that will go into a mine plan”
Tara Christie·
15 Sep 2025·
deposit type
Intrusive-hosted gold; walk rocks above and around the intrusion
“we're still in the walk rocks above and around the intrusion. They've drilled into their high-grade intrusion.”
Tara Christie·
16 Jul 2025·
exploration upside
80 holes drilled to date; planning 110-120 holes by year end
“We've only released seven of them. They were all good. Um and we've drilled 80 to date. So we'll have probably drilled 110 120 holes by the end of the year.”
Tara Christie·
16 Jul 2025·
exploration upside
high-grade holes: 3.81 grams, 11 grams, 7 grams at airstrip; 16 meters of 9 grams from prior year at airstrip
“you know, 3.81, 11 g, 7 g following up on that 16 m of 9 g from last year from air strip”
Tara Christie·
16 Jul 2025·
exploration upside
1.42 million ounces at 0.95 gram per tonne and 3.13 million ounces at 0.98 gram per tonne at 0.55 cutoff
“at a 0.55 cutoff that's where we have the 1.42 million ounces at 0.95 and 3.13 million ounces at 0.98”
Tara Christie·
16 Jul 2025·
resource size
5.34 million ounces inferred
“5.34 million ounces of inferred”
Tara Christie·
16 Jul 2025·
resource size
2.27 million ounces indicated at 63 grams per tonne
“So 2.27 million ounces at 63 for the indicated resource”
Tara Christie·
16 Jul 2025·
exploration upside
30,000 m plus drilling planned this year, already 18,000 meters into program
“We know we're going to add the 30,000 m plus that we drill this year.”
Tara Christie·
08 Jul 2025·
exploration upside
Ridge area between two deposits not fully drilled, potential to connect deposits and additional east-west high-grade zones
“There's an whole area in power line where it looks like there's a ridge. That's simply because we haven't drilled deep enough.”
Tara Christie·
08 Jul 2025·
grade
63 (indicated), 54.5 g/t inferred, global average 63 g/t
“we have 2.27 million ounces in the indicated category at a grade of 63 and 5.45 four five million ounces of inferred.”
Tara Christie·
08 Jul 2025·
resource size
4.55 million ounces at approximately one gram grade
“we got uh 1.42 and 3.13 for a total of 4.55. That's one gram.”
Tara Christie·
08 Jul 2025·
resource size
1.3 million ounces at 0.95 g/t indicated and 3.13 million ounces at 0.98 g/t at 0.55 cutoff
“if we used a 0.55 cutoff we would have 1.3 million ounces at 0.95 in indicated category and 3.13 million ounces at 98.”
Tara Christie·
08 Jul 2025·
resource size
2.27 million ounces indicated and 5.45 million ounces inferred
“we have 2.27 million ounces in the indicated category at a grade of 63 and 5.45 four five million ounces of inferred.”
Tara Christie·
08 Jul 2025·
Jurisdiction 26
Key takeaway. Banyan Gold's management says the company's projects are located in Canada's Yukon, an area they describe as having a new government with a positive atmosphere for mining.
Read the full summary
On permitting, management reports that they are in the permitting process and have started baseline environmental work, including programs with First Nations. They note that a general timeline from starting permitting to construction start is about four years, and they have received court orders clearing 100% property title and approving ownership deals.
What was actually said
community agreement
tremendous number of baseline environmental programs with First Nation; member of First Nation participates
“We've got a tremendous number of baseline environmental and programs going on in conjunction with the First Nation.”
Tara Christie·
15 Jul 2026·
country
Canada's Yukon
“we're located in Canada's Yukon.”
Tara Christie·
15 Jul 2026·
permit status
general timeline from when you start permitting is you can start construction in about four years
“And a general timeline from when you start permitting is you can start construction in about four years.”
Tara Christie·
15 Jul 2026·
Show the other 23 statements
country
Canada, Yukon
“mining in the Yukon and then how that led to where you are today.”
Tara Christie·
09 Jul 2026·
country
Canada
“People have been underestimating the Yukon.”
Tara Christie·
26 May 2026·
political risk
new government with positive atmosphere for mining
“with the new government there, we have a really positive atmosphere for mining.”
Tara Christie·
26 May 2026·
region
Yukon
“People have been underestimating the Yukon.”
Tara Christie·
26 May 2026·
country
Canada
“And we're currently at about a $650 million Canadian market cap.”
Tara Christie·
16 May 2026·
region
Yukon
“How did she become qualified to run a gold mining company in the Yukon?”
Tara Christie·
16 May 2026·
country
Yukon
“We're in the Yukon in a tier one jurisdiction.”
Tara Christie·
07 May 2026·
region
ORMAC project
“The company has built a large gold resource at the ORMAC project”
Tara Christie·
07 May 2026·
country
Canada
“look at the ranges of three other Yukon companies”
Tara Christie·
05 Apr 2026·
permit status
100% clear title cleared by late September with court order
“By late uh September, we had that 100% earn-in um cleared up. We got a court order giving us 100% clear title.”
Tara Christie·
05 Apr 2026·
region
Yukon
“look at the ranges of three other Yukon companies”
Tara Christie·
05 Apr 2026·
country
Canada
“Banyan is advancing our very substantial ORMAC project in Canada's Yukon Territory”
Tara Christie·
03 Mar 2026·
region
Yukon Territory
“Banyan is advancing our very substantial ORMAC project in Canada's Yukon Territory”
Tara Christie·
03 Mar 2026·
country
Canada
“We have a very large existing resource in the Yukon uh with 2.2 million ounces of indicated and 5.4 4 million ounces of inferred”
Tara Christie·
03 Jan 2026·
region
Yukon
“We have a very large existing resource in the Yukon uh with 2.2 million ounces of indicated and 5.4 4 million ounces of inferred”
Tara Christie·
03 Jan 2026·
country
Canada
“you guys aren't the only one in the Yukon”
Tara Christie·
15 Sep 2025·
permit status
received court order approving deal for 100% property ownership
“Now we have a court order approving our deal”
Tara Christie·
15 Sep 2025·
region
Yukon
“you guys aren't the only one in the Yukon”
Tara Christie·
15 Sep 2025·
country
Canada
“My family has long history in Dawson of classroom mining. My daughter was born in White Horse”
Tara Christie·
16 Jul 2025·
permit status
Not subject to heap leach restriction; pursuing mill or gravity flotation route; baseline environmental work started in 2021; in permitting process
“We're not a heap leech either. Um you know that it's clear from the economics and the network that this will be a mill or or gravity flotation probably a mills.”
Tara Christie·
16 Jul 2025·
region
Yukon
“the hydro dam and which is connected to the Yukon grid already on the property”
Tara Christie·
16 Jul 2025·
community agreement
Hydro power already on the property and roads
“in a permittable area with hydro power already on the property and roads is very globally unique.”
Tara Christie·
08 Jul 2025·
country
Yukon, Canada
“You guys are up in the Yukon.”
Tara Christie·
08 Jul 2025·
Technical risk 16
Key takeaway. Management describes Banyan Gold's project as a near-surface deposit with existing infrastructure where most mineralization lies within 250 m of surface, supported by high-grade intersections including one 350-m hole that ended in 15 g…
Read the full summary
material closer to the intrusive (May 2026). The company assumes over 5 million minable ounces and is focused on drilling starter pit areas and waste-to-ore conversion (May 2026). On metallurgy, management has cited both a 93% recovery from a circuit with gravity (Jul 2025, Jan 2026) and a later estimate of 90% recoveries from both the airstrip and power line deposits (Jul 2026), while stating that a mill scenario is the most likely processing route (Jul 2026). The CEO acknowledged two key risks: the deposit's low grade and the "overhang from Victoria" legacy perception (May 2026, Apr 2026).
What was actually said
metallurgy
Mill scenario is the most likely
“Mill scenario is the most likely here, and that'll be what our PEA is.”
Tara Christie·
15 Jul 2026·
recovery rate
90% recoveries from both the airstrip and the power line deposit
“Very strong metallurgy, 90% recoveries from both the airstrip and the power line deposit.”
Tara Christie·
15 Jul 2026·
key assumption
only two deep holes, majority of deposits within 250 m of surface
“we only have two deep holes in this. The majority of the deposits within 250 m of surface.”
Tara Christie·
26 May 2026·
Show the other 13 statements
key assumption
one 350-m hole ended in 15 g material closer to the intrusive
“We had that one 350-m hole that we talked about that ended in 15 g material that we think looks closer to the intrusive.”
Tara Christie·
26 May 2026·
key assumption
over 5 million minable ounces
“we really believe that this project is going to be in that rare territory of projects that have over 5 million minable ounces.”
Tara Christie·
16 May 2026·
key assumption
focused drilling on starter pit areas and waste to ore conversion
“we really focused our drilling last year on you know the starter pit areas areas where we could convert waste to ore”
Tara Christie·
07 May 2026·
key assumption
surface deposit with existing infrastructure
“this is an onsurface deposit with existing infrastructure”
Tara Christie·
07 May 2026·
stated risk
low grade and the overhang from Victoria
“Oh grade. uh lowgrade and the overhang from Victoria.”
Tara Christie·
07 May 2026·
stated risk
legacy overhang and perception of low grade
“The first one is pretty clear, the legacy overhang, which we have now cleared, but which we are still dealing with the market perception that it still exists in some way.”
Tara Christie·
05 Apr 2026·
key assumption
mill project because of scale of deposit, type of deposit that a big company wants to invest in
“it'll be a mill project because when you have this scale of deposit, that's the kind of deposit that a big company wants to invest in.”
Tara Christie·
03 Mar 2026·
key assumption
93% recovery
“There's a lot of gold here uh with 93% recovery.”
Tara Christie·
03 Jan 2026·
key assumption
drilling higher grade 1 gram plus, 11 grams, 6 grams, 40 m of 4 g
“we're drilling higher grade 1 gram plus 11 grams uh 6 n grams you know uh 40 m of 4 g”
Tara Christie·
15 Sep 2025·
key assumption
High-grade mineralization contacts and dike intersections guide drilling targeting
“that intersection that we had last year that high grade it showed us where we have a contact of the dyke and we're drilling up dip”
Tara Christie·
16 Jul 2025·
recovery rate
93% recovery from circuit with gravity
“We get good recoveries as well. 93% from our network with gravity.”
Tara Christie·
16 Jul 2025·
stated risk
Drilling 10% of holes as pure blue sky naked geophysical targets as exploration risk
“10% of our holes are pure blue sky naked geophysical targets that uh we need to drill”
Tara Christie·
16 Jul 2025·
key assumption
Near-surface high-grade zones define starter pit for economics
“what matters is what you mine for those first two, three years, whatever your payback period is”
Tara Christie·
08 Jul 2025·
Economics 20 statements
Economics 4
Key takeaway. Management says the project's economics were evaluated at different gold-price assumptions.
Read the full summary
In July 2025, the company used a $2,050 per ounce gold assumption. By July 2026, it had shifted to a $3,500 gold assumption for the resource estimate, while noting that the deposit shows good economics at anything over $2,500 gold.
What was actually said
price assumption
deposit shows good economics at anything over 2,500 gold
“This deposit at anything over 2,500 is probably going to show some good economics.”
Tara Christie·
09 Jul 2026·
price assumption
resource estimated at $3,500 gold
“we did our our our resource at $3,500 gold.”
Tara Christie·
09 Jul 2026·
price assumption
$2050 per ounce
“So the gold price we used and this is probably the first thing I should say we used 2050”
Tara Christie·
16 Jul 2025·
Show the other 1 statement
price assumption
2050 gold price assumption
“we did it at 2050. So that's a conservative estimate because you know that there are people doing them at at higher gold prices”
Tara Christie·
08 Jul 2025·
Financing 16
Key takeaway. Management reports that Banyan Gold is fully financed, with over $70 million in the bank as of May 2026 (and over $65 million as of July 2026), which the company says funds it into 2027.
Read the full summary
The company notes it carries no debt. In May 2026, management stated that Franco Nevada bought a 6% underlying pre-existing royalty for $52.2 million, and that the royalty can be bought down to 1% for a $10 million payment. Management also said $46.5 million in capital is needed. Earlier, in April 2026, management stated that Franco-Nevada had acquired a 1% NSR for a $42 million upfront payment, and in March 2026 the company said it was fully funded. As of July 2025, management reported over $18 million in the bank, no debt, and that its last financing was above market with no warrants.
What was actually said
financing status
financed with strong treasury; funded into 2027 with drill program
“We're financed. We're in a really good position. We've got a vision through to 2027”
Tara Christie·
15 Jul 2026·
cash position
over 65 million in the bank
“we've got over 65 million in the bank today, having already drilled 32,000 m this year.”
Tara Christie·
09 Jul 2026·
dilution
no debt
“we are in a very strong financial position, no debt.”
Tara Christie·
09 Jul 2026·
Show the other 13 statements
financing status
royalty can be bought down to 1% for $10 million payment
“6% underlying pre-existing royalty, which can be bought down to 1% for a $10 million payment”
Tara Christie·
26 May 2026·
financing status
Franco Nevada bought 6% underlying pre-existing royalty for $52.2 million
“that 6% underlying pre-existing royalty, which can be bought down to 1% for a $10 million payment, and they paid $52.2 million.”
Tara Christie·
26 May 2026·
capital needed
$46.5 million
“Yes, we are sitting with over $70 million in the bank after just closing a a financing of $46.5 million.”
Tara Christie·
16 May 2026·
cash position
over $70 million in the bank
“Yes, we are sitting with over $70 million in the bank after just closing a a financing of $46.5 million.”
Tara Christie·
16 May 2026·
dilution
6% royalty, can be bought down to 1% for $10 million
“Franco Nevada just purchased for $52.2 $2 million and it's a 6% royalty, but it can be bought down to 1% for $10 million.”
Tara Christie·
16 May 2026·
burn rate
funded through 2027
“which funds us well into and through 2027.”
Tara Christie·
07 May 2026·
capital needed
$46.5 million financing
“we're just closing a $46.5 million financing today, which gives us $70 million in the treasury”
Tara Christie·
07 May 2026·
cash position
$70 million in the treasury
“we're just closing a $46.5 million financing today, which gives us $70 million in the treasury”
Tara Christie·
07 May 2026·
dilution
Franco-Nevada acquired 1% NSR for $42 million upfront payment
“they paid $42 million for 1%. What's the implied valuation?”
Tara Christie·
05 Apr 2026·
financing status
fully funded in October
“You know, Banyan, we've got a really strong treasury because of this good gold market and the project that we're advancing. And the nice thing about that is it's allowing companies to really add plan for what they're going to do to add value. We're not worrying about money.”
Tara Christie·
03 Mar 2026·
capital needed
No debt
“and we have no debt.”
Tara Christie·
08 Jul 2025·
cash position
over $18 million in the bank
“We have over $18 million in the bank and we have no debt.”
Tara Christie·
08 Jul 2025·
dilution
Last financing above market with no warrants
“Our last financing was actually above market with no warrants.”
Tara Christie·
08 Jul 2025·
Timeline 31 statements
Timeline 30
Key takeaway. Management has laid out a multi-year drill schedule.
Read the full summary
They completed about 28,000 m of a planned 30,000 m program in 2025 and expected to upsize it to 40,000–45,000 m (Sep 2025). For 2026, a 70,000 m program was planned (May 2026), with 32,000 m already drilled by July (Jul 2026), and a resource update was targeted for the second quarter (Apr 2026). For 2027, management mentioned about 40,000 m planned, with drilling to start again in January (Jul 2026). Regarding studies, statements varied by date: a PEA was cited for the second half of 2026 (Apr 2026), then specifically the second quarter (May 2026), and later the second or fourth quarter of 2026 (Jul 2026).
What was actually said
milestone
starting drilling again in January of 2027
“we'll be starting drilling again in January of 2027.”
Tara Christie·
15 Jul 2026·
milestone
70,000 m of drilling between Ormac and regional targets; 32,000 m completed already, only July
“we've got that PEA coming up in the second or the fourth quarter of 2026 and then we'll have 70,000 m of drilling between Ormac and our exciting regional targets”
Tara Christie·
15 Jul 2026·
study due
PEA coming up in the second or the fourth quarter of 2026
“we've got that PEA coming up in the second or the fourth quarter of 2026”
Tara Christie·
15 Jul 2026·
Show the other 27 statements
milestone
drilled 32,000 m of a 70,000 m planned program
“We've had six drills turning. We started in February of a 70,000 m planned program. We've already drilled 32,000 m”
Tara Christie·
09 Jul 2026·
study due
PEA in the fourth quarter
“we really want to deliver our PEA because I think our valuation is only going to change with a major catalyst and for people to see an NPV and an IRR of this project. So, I think that's that's going to be a real key step for us in the fourth quarter.”
Tara Christie·
09 Jul 2026·
milestone
almost 25,000 m completed into drill program
“already almost 25,000 m into our drill program”
Tara Christie·
26 May 2026·
milestone
70,000 m drill program with five drills turning since February 15th
“we're going to drill 70,000 m. We've had five drills turning since February 15th”
Tara Christie·
26 May 2026·
study due
PEA in the second quarter
“I think that's going to bode well for our PEA in the second quarter.”
Tara Christie·
26 May 2026·
milestone
70,000 meter drill program this year
“this year's drill program now upsized to 70,000 meters.”
Tara Christie·
16 May 2026·
milestone
resource update in the next few weeks before the rule symposium
“And we're on the cusp of a resource update which will be in the next few weeks before the rule symposium.”
Tara Christie·
16 May 2026·
study due
PA in the second half of the year
“And we're going to put out in the second half of the year.”
Tara Christie·
16 May 2026·
milestone
70,000 meters drilling planned
“We're going to upsize our drilling 70,000 meters. Um very strategically targeted between infill and advancing the project”
Tara Christie·
07 May 2026·
milestone
about 40,000 meters in 2027
“It'll give us about 40,000 meters in 2027 and it pays for that pea”
Tara Christie·
07 May 2026·
study due
PEA in the second half
“towards our PA, which will be out in the second half.”
Tara Christie·
07 May 2026·
milestone
resource update in the second quarter
“we've positioned this company for our next major catalyst, which will be our resource update here in the second quarter, so coming very quickly.”
Tara Christie·
05 Apr 2026·
milestone
active drill program, results as early as May
“Our active drill program, we'll start probably getting results from that as early as May, uh focused on our gold, focused on some exploration targets as well as some of that high-grade silver.”
Tara Christie·
05 Apr 2026·
study due
PEA in the second half of this year
“And in the second half of this year, a PEA to really benchmark our maiden economics.”
Tara Christie·
05 Apr 2026·
milestone
43,000 additional meters drilled in 2025 with results coming in next month, followed by resource update
“in 2025, we've drilled almost 43,000 additional meters, which we have still pending results for, which will come out in the next month. That will be quickly followed by a resource update incorporating that 43,000 meters of drilling.”
Tara Christie·
03 Mar 2026·
milestone
Five drills drilling by middle of March
“We'll have five drills drilling here by the middle of March.”
Tara Christie·
03 Mar 2026·
milestone
Planning 40,000 meters at ORMAC plus additional 10,000 meters split between regional targets and Highland project
“We're planning 40,000 meters at ORMAC plus an additional 10,000 meters split between our regional targets and our Highland project.”
Tara Christie·
03 Mar 2026·
study due
maiden PEA in the second half of 2026
“And then in the second half of 2026, we'll have our maiden pea, a pretty important milestone for us.”
Tara Christie·
03 Mar 2026·
milestone
will drill at least 40,000 meters next year
“We'll drill at least 40,000 meters next year focused on continuing to add in those high-grade zones.”
Tara Christie·
03 Jan 2026·
study due
2026
“what will be our first PA that'll come out in 2026.”
Tara Christie·
03 Jan 2026·
milestone
planned 30,000 meters drilling, already 28,000 meters in, expect to upsize to 40 or 45,000 meters in 2025
“So, we planned 30,000 mters. We're already 28,000 mters in. So, expect to see us upsize our drill program to 40 or 45,000 mters.”
Tara Christie·
15 Sep 2025·
study due
PA out to 2026
“we can push our PA out to 2026. So we can include all of this high-grade drilling.”
Tara Christie·
15 Sep 2025·
milestone
Prefeasibility study due fourth quarter
“all the things that we need to do to to be ready for that fourth quarter PA”
Tara Christie·
16 Jul 2025·
milestone
30,000 meters of drilling this year fully funded
“We're we're drilling 30,000 meters this year fully funded”
Tara Christie·
16 Jul 2025·
milestone
Winter drilling planned for February
“We are planning some winter drilling. So, we'll be drilling again in February”
Tara Christie·
16 Jul 2025·
milestone
Preliminary Assessment (PA) by fourth quarter
“We are planning a PA by fourth quarter on that project.”
Tara Christie·
08 Jul 2025·
milestone
100% ownership of property by December
“which we'll own 100% by December of this property.”
Tara Christie·
08 Jul 2025·
Catalysts 1
What was actually said
upcoming result
120 holes drilled, 140-150 by season end, will release results into 2026
“We've only released 20 holes this year and we've drilled 120. We'll probably have drilled 140 50 by the time the season's done.”
Tara Christie·
15 Sep 2025·
Corporate 25 statements
Management 10
Key takeaway. Management emphasises strong insider alignment and relevant experience.
Read the full summary
The CEO reports having invested over $2.8 million of his own cash, and as of April 2026 holds a 3½% stake purchased on the market. Management notes the CEO took over Banyan in 2016 and has led the project from discovery in 2019 to almost 8 million ounces. His background includes a master's degree in geotechnical engineering and mining, work for Newmont, and experience on a gold project in Tanzania, as well as a long family history in Dawson-area mining and alluvial gold production.
What was actually said
insider ownership
over two and 2.8 million dollars of my own cash into this
“But so I have over two and 2.8 million dollars of my own cash into this.”
Tara Christie·
15 Jul 2026·
track record
worked for Newmont
“I worked for Newmont for a while”
Tara Christie·
09 Jul 2026·
track record
worked on gold project in Tanzania
“I did go work on a gold project in Tanzania.”
Tara Christie·
09 Jul 2026·
Show the other 7 statements
track record
became CEO of Banyan in 2016
“I didn't become the CEO of Banyan until 2016”
Tara Christie·
09 Jul 2026·
track record
took over Banyan in 2016
“And I think that set me up really well for taking over Banyan in 2016.”
Tara Christie·
16 May 2026·
insider ownership
CEO has 3 and 1/2% stake purchased in the market
“I, in particular as the CEO, have a very significant position in skin in the game with a 3 and 1/2% stake, which I purchased in the market.”
Tara Christie·
05 Apr 2026·
track record
taken this project from discovery in 2019 to having almost 8 million oz
“We've taken this project from discovery in 2019 to having almost 8 million oz now.”
Tara Christie·
05 Apr 2026·
track record
CEO resident in Yukon with long family history in Dawson area mining
“I have a a home. Um, my family has long history in Dawson of classroom mining. My daughter was born in White Horse”
Tara Christie·
16 Jul 2025·
track record
Produced more gold aluvial than many people in their lifetime
“I've actually produced more gold aluvial than than many people have in their lifetime.”
Tara Christie·
08 Jul 2025·
track record
CEO with master's degree in geotechnical engineering and mining, experience with Newmont, consulting, family mining operations
“I got a bachelor's and a master's degree in geotechnical engineering and mining”
Tara Christie·
08 Jul 2025·
Market 8
Key takeaway. Management points to Banyan Gold's low valuation relative to peers and the strategic interest it has attracted.
Read the full summary
The company says it is trading at about $36–$43 US per ounce as of early 2026, or roughly $50 US per ounce by mid-2026, while noting that peers with preliminary economic assessments trade at $200 an ounce or more. Management also highlights that Franco-Nevada purchased a royalty for $52.2 million in May 2026, which the company cites as a sign of strategic interest and a potential acquirer. Earlier, in September 2025, management put the valuation under $20 per ounce and expressed the view that the deposit can become a mine in the current cycle.
What was actually said
cost curve position
trading at $50 an oz; peers with PEAs trading at $200 an oz or more
“we're trading at $50 an oz. Many of our peers that have PEAs uh are trading at more $200 an oz or more.”
Tara Christie·
15 Jul 2026·
cost curve position
$50 US per ounce with a very large deposit
“Things like Banyan, we're currently still $50 US per ounce with a very large deposit.”
Tara Christie·
26 May 2026·
potential acquirer
Franco Nevada
“the most recent validation which people can look to to kind of get an understanding of what the value of this project is is that royalty purchase that Franco Nevada just purchased for $52.2 $2 million”
Tara Christie·
16 May 2026·
Show the other 5 statements
strategic interest
Franco Nevada purchased royalty for $52.2 million
“Franco Nevada just paid $52.2 million.”
Tara Christie·
07 May 2026·
cost curve position
about $43 US per oz market value per oz
“we're sitting at about $43 US.”
Tara Christie·
05 Apr 2026·
cost curve position
about $36 US per ounce current valuation
“you know our current valuation uh about $36 $6 US per ounce.”
Tara Christie·
03 Jan 2026·
cost curve position
under $20 per ounce in gold market
“we're under $20 per ounce in this gold market”
Tara Christie·
15 Sep 2025·
timing rationale
deposit to become a mine in the current cycle
“personal satisfaction would be that this deposit actually becomes a mine in the cycle that uh we're currently in”
Tara Christie·
15 Sep 2025·
Outside views 24 mentions
24 mentions by people who do not speak for the company — 20 constructive, 0 cautious, 3 neutral. These are their views, not the company's.
Rick Rule
bullish
Long position. Large deposit with good infrastructure (paved roads, power, near Victoria Mine). Will get built.
The Silver Market·
20 Jul 2026·
Don Durett
bullish
Up multiples since Victoria Gold incident — part of Yukon renaissance narrative
The Silver Market·
18 Jul 2026·
Rick Rule
bullish
He says he is long and constructive, citing large deposits and good infrastructure.
In it to Win it·
17 Jul 2026·
Rick Rule
bullish
Repeated later in Q&A as he says he will not upgrade until the PEA is out and high-grade drilling improves the resource model.
Rule Investment Media·
16 Jul 2026·
Show the other 20 mentions
Rick Rule
bullish
He says he is long, thinks it is a large deposit, and highlights infrastructure plus exploration upside.
Rule Investment Media·
16 Jul 2026·
Steve Barton
bullish
He says he is long, thinks it is a large deposit, and highlights infrastructure plus exploration upside.
Rule Investment Media·
16 Jul 2026·
Steve Barton
bullish
Repeated later in Q&A as he says he will not upgrade until the PEA is out and high-grade drilling improves the resource model.
Rule Investment Media·
16 Jul 2026·
Steve Barton
bullish
He says he likes Banyan a lot, notes a drill program, cash on hand, and targets getting hit.
Investing News·
08 Jul 2026·
Rick Rule
bullish
He says he bought it after drilling gave him confidence in the resource estimate.
Natural Resource Stocks·
08 Jun 2026·
Rick Rule
neutral
Used as an example of a Yukon junior he is not selling despite the auction disappointment.
Rule Investment Media·
30 Apr 2026·
Rod Husband
neutral
Cited alongside Snowline as Yukon discovery-cost benchmark; no directional call.
The Deep Dive·
28 Apr 2026·
Joe Ovsenek
mixed
Peer comparison used to benchmark valuation against another Yukon developer.
Crux Investor·
27 Apr 2026·
Rick Rule
bullish
Shareholder; 5-7M oz deposit with high-grade feeder discovery and potential synergy with Victoria Gold bankruptcy sale; Agnico Eagle as dream buyer.
In it to Win it·
25 Apr 2026·
Rick Rule
bullish
He is a shareholder and sees producer potential, exploration upside, and possible strategic value.
Rule Investment Media·
24 Apr 2026·
Steve Barton
bullish
He is a shareholder and sees producer potential, exploration upside, and possible strategic value.
Rule Investment Media·
24 Apr 2026·
Todd Hoffman
bullish
He explicitly says Banyan is 'kicking butt' and points to large reserves and active drilling.
ITM TRADING, INC.·
27 Mar 2026·
Richard Drechsler
bullish
Used as the most comparable peer for core style and district success.
Crux Investor·
20 Mar 2026·
Unknown speaker
bullish
Tara frames gold-price upside, a large drill program, and a forthcoming maiden PEA as major catalysts.
The Deep Dive·
03 Mar 2026·
Kiran Patankar
neutral
Cited as a comparable peer that went through a difficult period, reset, and steadily clawed back its valuation gap — framed as a template for what Maple aims to replicate.
Crux Investor·
10 Feb 2026·
Steve Barton
bullish
He says he owns it, recently interviewed the CEO, and thinks drill progress and a starter pit make it promising.
Investing News·
16 Nov 2025·
Brien Lundin
bullish
He says he loves the story, sees resource growth and rerating potential, and is holding his position.
In it to Win it·
10 Oct 2025·
Brien Lundin
bullish
He names it as an example of a still-undervalued company with a growing resource base.
Adam Taggart | Thoughtful Money®·
30 Sep 2025·
Mario Innecco
bullish
Mario says it is one junior exploration company he still likes and owns after a strong run.
maneco64·
31 Aug 2025·
Brien Lundin
bullish
He says the company may have found its starter pit and still looks cheap versus what a large gold deposit should trade for.
In it to Win it·
14 Aug 2025·
Sources 14 interviews
Every interview 14
| Date | Channel | Interview | Statements |
|---|---|---|---|
| 15 Jul 2026 | Natural Resource Stocks | Banyan Gold CEO Put $2.8 Million of Her Own Cash Into the Company | 15 |
| 15 Jul 2026 | ITM TRADING, INC. | The Gold Bull Market’s Next Winner? Banyan CEO Maps the Road to 10M Ounces | No claims identified |
| 09 Jul 2026 | In it to Win it | Banyan Gold Could Unlock 5 Million Mineable Ounces Says Tara Christie | 19 |
| 26 May 2026 | Natural Resource Stocks | Banyan Gold CEO Says This Yukon Deposit Is In Rare Territory | 25 |
| 16 May 2026 | Rule Investment Media | Tara Christie, President and CEO of Banyan Gold | Rule Symposium 2026: Rick Rule interviews | 15 |
| 07 May 2026 | In it to Win it | The Next Major Yukon Gold Consolidation Could Involve Banyan Gold ~ Tara Christie | 16 |
| 05 Apr 2026 | Crux Investor | Banyan Gold (TSXV:BYN) - 'Undervalued?' Investment Series, with Tara Christie | 18 |
| 03 Mar 2026 | Crux Investor | Banyan Gold Corp. (TSXV:BYN) - PEA Nears as Franco-Nevada Royalty Purchase Signals Value | 14 |
| 13 Jan 2026 | Natural Resource Stocks | The Yukon Gold Story Banyan Thinks Can Go Big | No claims identified |
| 03 Jan 2026 | Crux Investor | Banyan Gold (TSXV:BYN) - 7.6Moz Gold Project Advances Toward 2026 PEA | 11 |
| 07 Nov 2025 | In it to Win it | 7.7M Ounces?! Tara Christie Drops a GOLD Bombshell! | No claims identified |
| 15 Sep 2025 | The Deep Dive | Gold at Record Highs Validates the Cycle | Tara Christie - Banyan Gold Corp | 12 |
| 16 Jul 2025 | The Deep Dive | This Is What $3,300 Gold Unlocks | Tara Christie - Banyan Gold | 17 |
| 08 Jul 2025 | In it to Win it | Over 7M Ounces?! Tara Christie Breaks Down Banyan Gold’s Huge Find! | 18 |
What else those interviews covered
Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.
Questions people ask
What is Banyan Gold's project and where is it?
Banyan Gold is a explorer gold company, with a project stated to be in Yukon, Canada. Everything here is drawn from its executives' own interviews.
Which interviews mention Banyan Gold?
We track 14 interviews mentioning Banyan Gold, across 6 channels (Crux Investor, ITM TRADING, INC., In it to Win it, Natural Resource Stocks, Rule Investment Media, The Deep Dive).
What are investors saying about Banyan Gold?
24 independent voices — people who do not speak for the company — are on record discussing it (20 bullish, 3 neutral). Their reasoning is quoted in the outside-view section above.
What do recent interviews with Banyan Gold cover?
The most-discussed topics on record are the deposit, timeline, jurisdiction, financing — each claim quoted and dated in the sections above.