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Chesapeake GoldTSXV:CKG

Gold developer, with a project stated to be in Mexico.

NoneMexico — as stated on the recordings

developer gold NoneMexico
Mar 2026Covered
9 of 10Topics on record
2 executivesNamed on the record
Stage
Developer
Primary commodity
Gold
Jurisdiction
Mexico
Deposit
refractory deposit
Latest appearance
09 Mar 2026
On record
1 interview · 25 statements · 2 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
over 500 million ounces of silver
Management-stated Justin Black Mar 2026
Capital needed
360 million
Management-stated Justin Black Mar 2026
What happens next
PFS study in 2016
Management-stated Jean-Paul Tsotsos Mar 2026
The main open question
The deposit is refractory and has defeated previous operators including BP, Mineral Frisco, Cambior and Lewisman.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
2 independent voices on record — 3 constructive
Don Durett, Eric Sprott
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Chesapeake Gold's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

2 independent voices — people who do not speak for the company — across 4 mentions.

3 constructive
  • Don Durett “15M oz gold deposit with significant silver; $190M market cap; PFS coming; greenfield permitting is the key risk and timing overha…”
  • Eric Sprott “He calls Metates huge but underappreciated, though with some dispute risk.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says Chesapeake holds Mexico's largest gold-silver endowment—over 500M oz silver (global #1) and 19M oz gold (#18)—and has cut planned capex from $3.5B to $360M via a new oxidative leach technology after 10 years and $50M R&D…

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Management says Chesapeake holds Mexico's largest gold-silver endowment—over 500M oz silver (global #1) and 19M oz gold (#18)—and has cut planned capex from $3.5B to $360M via a new oxidative leach technology after 10 years and $50M R&D investment. An outside investor notes the asset trades for nothing despite the huge gold-equivalent deposit.

▼ Bear case

The deposit is refractory and has defeated previous operators including BP, Mineral Frisco, Cambior and Lewisman.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The deposit is refractory and has defeated previous operators including BP, Mineral Frisco, Cambior and Lewisman. Management's recovery rates (74% gold, 50% silver) are unproven at scale; the prior 2016 PFS was based on a $3.5B, 90,000-ton-per-day autoclave plan that was shelved. An outside investor notes there is a property dispute and expresses less comfort than with the company's parent.

◆ Watch next

Management plans to release PFS work results in a couple of months and will issue a press release when "all the ducks are in a row." The 15,000-ton-per-day starter operation and final capex validation depend on whether lab-scale oxidative…

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Management plans to release PFS work results in a couple of months and will issue a press release when "all the ducks are in a row." The 15,000-ton-per-day starter operation and final capex validation depend on whether lab-scale oxidative leach results scale and whether the property dispute is resolved.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 11 statements

The deposit 5

Key takeaway. Management reports that the deposit is refractory and contains over about 19 million ounces of gold and over 500 million ounces of silver.

Read the full summary

The company also notes the project ranks number 1 for silver globally and number 18 for gold globally in terms of exploration upside.

What was actually said
deposit type
refractory deposit
“Tatis is a refractory deposit.”
Jean-Paul Tsotsos· 09 Mar 2026·
deposit type
refractory
“So we weren't hiding it, you know, but Tatis is a refractory deposit.”
Justin Black· 09 Mar 2026·
exploration upside
number 1 for silver globally, number 18 for gold globally
“we're number one for silver. >> So, we have over 500 million ounces of silver. Uh, and then on top of that, we also have over about 19 million ounces of gold. That places us number 18 globally.”
Jean-Paul Tsotsos· 09 Mar 2026·
Show the other 2 statements
resource size
over 500 million ounces of silver
“So, we have a a wonderful graph that shows that we're number one for silver. So, we have over 500 million ounces of silver.”
Justin Black· 09 Mar 2026·
resource size
over about 19 million ounces of gold
“Uh, and then on top of that, we also have over about 19 million ounces of gold.”
Justin Black· 09 Mar 2026·

Jurisdiction 1

What was actually said
country
Mexico
“We are the owners of Matates, one of the largest endowments of gold and silver in Mexico.”
Justin Black· 09 Mar 2026·

Technical risk 5

Key takeaway. Management addresses technical risk by stating that previous attempts by BP, Mineral Frisco, Cambior and Lewisman were unable to solve the project's refractory challenges.

Read the full summary

The company reports that its oxidative leach technology now solves those refractory challenges, using very little water for a heat bleach environment. Management notes this represents a shift from the prior PFS, which assumed a 3.5 billion dollar, 90,000 ton per day autoclave operation with desalination and power plants. The technology targets 74% gold recovery and about 50% silver recovery, the company says.

What was actually said
key assumption
oxidative leech technology solves refractory challenges
“we also have a special technology oxidative leech technology that is the solution for the refractory challenges that are you know facing the mining industry globally in precious metals”
Jean-Paul Tsotsos· 09 Mar 2026·
key assumption
Very little water required for heat bleach environment; oxidative leach technology solves refractory challenges
“very little water is required when you're in a heat bleach environment.”
Justin Black· 09 Mar 2026·
key assumption
Previous PFS based on 3.5 billion dollar build 90,000 ton per day autoclave operation with desalination plant and power plant
“we actually went down a traditional pox autoclave route that took us to a PFS in 2016 but then we were looking at a 3.5 uh billion dollar build 90,000 ton per day operation.”
Justin Black· 09 Mar 2026·
Show the other 2 statements
recovery rate
74% gold recovery and about 50% silver recovery
“you took something that was 33% gold recovery and about 35% silver recovery and then we ran the technology on it and we increased the recoveries to about 74% on the gold basis and then about 50% on the silver basis”
Justin Black· 09 Mar 2026·
stated risk
Previous attempts by BP, Mineral Frisco, Cambior and Lewisman unable to solve refractory challenges
“BP and uh Mineral Frisco tried to develop it. They were unable to do that... Cambior and Lewisman came in. They tried to do it together to solve this whole refractory challenge and unfortunately they were unable to do it too.”
Justin Black· 09 Mar 2026·

Economics 5 statements

Economics 3

Key takeaway. Regarding project economics, management stated in March 2026 that the company is planning a 15,000 tons per day starter operation.

Read the full summary

They also cited a build cost of $3.5 billion, while separately mentioning a figure of $360 million, though the relationship between these two capex numbers is not explained in the provided claims.

What was actually said
capex
360 million
“but when we look at the alternative with the technology now the cap has got 360 million.”
Justin Black· 09 Mar 2026·
capex
3.5 billion dollar build
“we had a 3.5 uh billion dollar build 90,000 ton per day operation.”
Jean-Paul Tsotsos· 09 Mar 2026·
operating cost
15,000 tons per day operation as a starter
“We're we're building a 15,000 tons per day operation as a starter.”
Justin Black· 09 Mar 2026·

Financing 2

Key takeaway. Chesapeake Gold's management reports that about $50 million has been spent between Highrooft and Chesapeake advancing the technology over ten years, and that $360 million in capital is needed for initial development, as stated in March…

Read the full summary

2026.

What was actually said
capital needed
360 million for initial development
“but when we look at the alternative with the technology now the cap has got 360 million.”
Justin Black· 09 Mar 2026·
capital needed
50 million spent between Highrooft and Chesapeake advancing the technology over 10 years
“50 million has been spent between Highrooft and Chesapeake advancing the technology so it's not something new”
Justin Black· 09 Mar 2026·

Timeline 3 statements

Timeline 3

Key takeaway. Chesapeake Gold's management outlined several near-term milestones in March 2026.

Read the full summary

They reported that work on a PFS has begun, and management said they will "probably have it ready to release" once everything is in order. They also stated that a press release with test results is expected in a couple of months.

What was actually said
milestone
PFS study in 2016
“we actually went down a traditional pox autoclave route that took us to a PFS in 2016”
Jean-Paul Tsotsos· 09 Mar 2026·
milestone
press release in a couple months with test results
“We're do a press release in a couple months that we'll finally get to showcase some of the results”
Jean-Paul Tsotsos· 09 Mar 2026·
study due
PFS work started, when all the ducks are in a row we'll probably have it ready to release
“we've started PFS work and when all the ducks are in a row, >> we'll probably have it ready to release”
Justin Black· 09 Mar 2026·

Corporate 6 statements

Management 4

Key takeaway. Management of Chesapeake Gold points to the team's expertise, noting that Justin Black serves as chief metallurgical officer and that chairman Randy Buffington had the vision for the technology solution.

Read the full summary

The company also highlights insider support, reporting that Eric Sprout "is in there and has been extremely supportive from day one." On track record, management states that $50 million has been spent between Highroft and Chesapeake advancing the technology.

What was actually said
insider ownership
Eric Sprout is in there and has been extremely supportive from day one
“which is why Mr. Eric Sprout is in there. >> Right. >> Eric's fantastic. He's been extremely supportive from day one.”
Justin Black· 09 Mar 2026·
insider ownership
Eric Sprout is a supporter
“which is why Mr. Eric Sprout is in there. >> Right. Eric's fantastic. He's been extremely supportive from day one.”
Jean-Paul Tsotsos· 09 Mar 2026·
team experience
Justin Black is chief metallurgical officer; Randy Buffington (chairman) had vision for technology solution
“I'm joined here with uh Justin Black who's our chief metallergical officer”
Justin Black· 09 Mar 2026·
Show the other 1 statement
track record
50 million spent between Highroft and Chesapeake advancing the technology
“50 million has been spent between Highrooft and Chesapeake advancing the technology”
Jean-Paul Tsotsos· 09 Mar 2026·

Share structure 1

What was actually said
shares outstanding
TSX Venture 50 company
“earlier this year we got named to the TSX Venture 50.”
Jean-Paul Tsotsos· 09 Mar 2026·

Market 1

What was actually said
strategic interest
Three other mining companies testing refractory material at lab with existing projects and infrastructure
“we actually got three other companies into our lab that we've been working alongside. uh and those third parties, you know, they have, you know, it's an existing project that they're currently mining”
Justin Black· 09 Mar 2026·

Outside views 4 mentions

4 mentions by people who do not speak for the company — 3 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

Don Durett
bullish
15M oz gold deposit with significant silver; $190M market cap; PFS coming; greenfield permitting is the key risk and timing overhang
The Silver Market· 21 Jul 2026·
Eric Sprott
bullish
He calls Metates huge but underappreciated, though with some dispute risk.
The Silver Market· 30 Dec 2025·
Eric Sprott
bullish
He says the stock trades for nothing despite a huge gold-equivalent deposit.
Wise Metals Investor· 20 Dec 2025·
Eric Sprott
mixed
He likes the asset but says there is a property dispute and he is less comfortable than with Highcroft.
Sprott Money· 19 Dec 2025·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
09 Mar 2026 Crux Investor Chesapeake Gold (TSXV:CKG) - Met Results To Unlock Massive Precious Metal Project 25

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.

highcroft 1
lucy 1
matates 1
san vicente 3 1
tsx venture 50 1

Questions people ask

What is Chesapeake Gold's project and where is it?

Chesapeake Gold is a developer gold company, with a project stated to be in Mexico. Everything here is drawn from its executives' own interviews.

Which interviews mention Chesapeake Gold?

We track 1 interview mentioning Chesapeake Gold, across 1 channel (Crux Investor).

What are investors saying about Chesapeake Gold?

4 independent voices — people who do not speak for the company — are on record discussing it (3 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Chesapeake Gold cover?

The most-discussed topics on record are the deposit, technical risk, management, economics — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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