Past year: ▲ 3%(15.92 – 28.41 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Sept 2025drilling result▲ GoodMajor
Two first holes at the X target cut silver-dominant veins over a 500m by 500m area - 12.85 metres at 503 g/t silver-equivalent (361 g/t silver, 1.82 g/t gold) in XTC-1 - a new greenfield discovery, with soil sampling pointing northeast for the next holes.
26 Aug 2025drilling result▲ GoodMajor
A vertical hole 250 metres south of the San Antonio discovery hole cut 172.40 metres at 1.88 g/t gold-equivalent (1.40 g/t gold) and was stopped early, still in strong mineralisation, because the rig could go no deeper. The porphyry footprint at Pound is growing.
20 Aug 2025drilling result▲ Good
Four shallow holes returned 183.70 metres at 3.01 g/t gold-equivalent from 37.30 metres in APC-134 and 37.15 metres at 7.05 g/t in APC-136, the latter carrying 0.73% tungsten trioxide. A second large rig arrived for the Ramp Zone.
21 July 2025drilling result▲ GoodMajor
Five more shallow holes gave 442.35 metres at 2.16 g/t gold-equivalent from surface in APC-125, again bottoming in mineralisation, and 325.10 metres at 2.03 g/t from 8 metres in APC-126.
14 July 2025drilling result▲ GoodMajor
Six shallow holes returned 397.50 metres at 2.62 g/t gold-equivalent from surface in APC-122 - 1,041 gram-metres - with the hole ending while still in strong mineralisation, plus 135.20 metres at 2.71 g/t from surface in APC-119.
1 July 2025drilling result▲ Good
A hole at the ME target southeast of Apollo cut 0.65 metres at 534 g/t gold. Drilling was then stopped mid-hole when a new gravity survey showed both holes had been collared outside the gravity high; the company reads the intercept as leakage from a larger body to the south and has recollared into the anomaly.
25 June 2025drilling result▲ GoodMajor
Found a second high-grade subzone, HZ2, this one copper and silver rich: 114.40 metres at 4.14 g/t gold-equivalent (150 g/t silver, 0.64% copper) in APC107-D5. The original gold-rich HZ1 from December was pushed 50 metres west and now measures 230 metres of strike.
2 June 2025drilling result▲ GoodMajor
The first eight holes of a thirty-hole shallow program aimed at designing a starter pit cut tungsten-dominant rock at surface: 124 metres at 3.03 g/t gold-equivalent, or 0.66% tungsten trioxide equivalent, from surface in APC-115. The top 150 metres of Apollo turns out to be a distinct tungsten, copper, silver and gold zone - a critical mineral the company had not been marketing.
14 May 2025listing compliance notice▲ Good
Added to the MSCI Canada Small Cap Index effective 30 May 2025, which forces index funds tracking it to buy the stock.
5 May 2025drilling result▲ GoodMajor
A hole into the northern Pound target at San Antonio found a gold-copper porphyry stockwork: 290.20 metres at 0.84 g/t gold-equivalent (0.58 g/t gold, 0.17% copper) including 40.90 metres at 1.44 g/t. Porphyry grade, not Apollo grade - the value would come from scale.
15 Apr 2025drilling result▲ GoodMajor
Two more orthogonal holes extended the first high-grade subzone up to 70 metres deeper: 114.50 metres at 5.00 g/t gold-equivalent inside 263.85 metres at 3.10 g/t, and 30.25 metres at 5.10 g/t clipping the eastern edge. The subzone now measures roughly 180m by 70m by 70m, and the company has modelled eleven of them.
2 Apr 2025drilling progress report▲ GoodMajor
With more than US$78 million in treasury after the Agnico money, expanded the 2025 program from 60,000 to 70,000 metres across Guayabales and San Antonio with up to ten rigs, and pulled forward baseline environmental, hydrological and metallurgical work so permitting could start sooner.
20 Mar 2025capital raising announcement▲ GoodMajor
Closed the Agnico Eagle investment: C$52.1 million of new shares at C$11.00 plus C$11.27 million from the early warrant exercise at C$5.01, taking Agnico to about 14.99%. Proceeds are for Colombian exploration.
14 Mar 2025capital raising announcement▲ GoodMajor
Agnico Eagle agreed to buy 4,741,984 shares at C$11.00 and to exercise its existing warrants early for 2,250,000 shares at C$5.01, for about C$63.4 million in total, taking it to roughly 14.99% of the company. The C$11.00 price is more than double the C$5.00 Agnico paid five months earlier.
What it means for a shareholder
4.7m new shares at C$11.00 to raise about C$63.4m. That's 5.8% dilution: every existing holder's slice gets 5.8% smaller. If you held C$1,000 of shares (91 at the issue price), your slice goes from 0.000117% to 0.00011% of the company. To keep it you'd need 6 more shares - about C$66 at the issue price.
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12 Mar 2025drilling result▲ GoodMajor
75.80 metres at 8.01 g/t gold-equivalent in APC105-D1, the best Ramp Zone intercept so far on a grade-times-width basis, with a second hole cut short by a post-mineral dyke after 20.30 metres at 6.68 g/t. Six Ramp Zone holes assayed from three pads; a third rig was added.
24 Feb 2025drilling result▲ GoodMajor
106.35 metres at 9.05 g/t gold-equivalent inside 497.35 metres at 3.01 g/t in APC104-D5 - 1,499 gram-metres, the best hole drilled at Apollo to that date on a grade-times-width basis, and a deeper cut of the same subzone found in December.
4 Feb 2025drilling result▲ GoodMajor
The deepest hole ever drilled at Apollo, bottoming near 1,200 metres, cut 51.95 metres at 8.38 g/t gold-equivalent including 18.05 metres at 16.32 g/t, expanding the Ramp Zone about 50 metres along strike and 150 metres vertically. The company compares it to Aris Mining's Marmato Deeps deposit 1.75km along strike, which is under construction.
27 Jan 2025drilling spud● Neutral
Restarted drilling at San Antonio, the project the company discovered on its way to Guayabales in 2021 and then shelved, with a minimum 2,500 metres to test three gold-copper porphyry targets along a 2.5km corridor.
15 Jan 2025drilling result▲ GoodMajor
The second orthogonal hole extended the high-grade subzone up to 50 metres laterally: 181.35 metres at 5.38 g/t gold-equivalent inside 402.60 metres at 3.06 g/t. Two more holes had already cut the same projection with assays pending.
10 Jan 2025drilling result▲ GoodMajor
Final 2024 results from Trap and Plutus. Trap expanded north within its main zone and turned up a new high-grade vein system in the south, including 40.5 metres at 4.01 g/t gold-equivalent and 0.8 metres at 816 g/t gold; Plutus kept cutting shallow, low-grade porphyry. Trap then goes quiet in this record until April 2026.
16 Dec 2024drilling result▲ GoodMajor
The first hole drilled at right angles across Apollo, rather than along it, cut 150.55 metres at 6.16 g/t gold-equivalent inside 534.40 metres at 2.70 g/t - the best hole to that date. The insight is geometric: previously modelled high-grade subzones only show their true width when drilled orthogonally, and they span over 1,000 vertical metres.
10 Dec 2024drilling result▲ Good
Found a near-surface oxidised silver zone in northern Apollo: 75.45 metres at 80 g/t silver-equivalent including 13.0 metres at 315 g/t. Low grade next to Apollo's gold intercepts, but it sits at surface.
4 Dec 2024drilling result▲ GoodMajor
A hole on the northeastern flank returned 150.50 metres at 1.74 g/t gold-equivalent including 42.0 metres at 4.02 g/t, opening Apollo up along its northern side. About 101,000 metres had been drilled at Guayabales to date, 67,000 of it at Apollo, and a 60,000-metre program was set for 2025.
31 Oct 2024capital raising announcement▲ GoodMajor
Closed C$46.35 million gross: C$40.25 million from the upsized bought deal at C$5.00 with the over-allotment fully taken, plus the strategic investor's concurrent private placement at the same price.
29 Oct 2024capital raising announcement▲ Good
The strategic investor holding participation rights exercised them alongside the bought deal, subscribing at C$5.00 for enough shares to hold 9.99% of the company. The release names neither the investor nor its size; the October 2025 filings describe Agnico Eagle in identical terms as the holder of those rights.
28 Oct 2024capital raising announcement▲ Good
Upsized the bought deal to C$35 million on 7,000,000 shares at the same C$5.00, citing demand, one day after announcing it.
25 Oct 2024capital raising announcement▲ GoodMajor
Launched a C$30 million bought deal of 6,000,000 shares at C$5.00 with BMO as sole bookrunner, plus an over-allotment option for 900,000 more.
What it means for a shareholder
6.0m new shares at C$5.00 to raise about C$30.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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22 Oct 2024drilling result▲ GoodMajor
A hole aimed near a conceptual underground access tunnel found a new high-grade zone at about 1,000 metres depth, named the Ramp Zone: 57.65 metres at 8.18 g/t gold-equivalent including 18.85 metres at 20.21 g/t. It becomes the most important target on the property over the following two years.
15 Oct 2024drilling result● Neutral
Four reconnaissance holes at Plutus outlined a porphyry system from surface - 328.05 metres at 0.31 g/t gold-equivalent - grade an order of magnitude below what Apollo returns, with the company suggesting a better core may lie north and deeper.
3 Oct 2024well test result▲ Good
Cyanide leach tests on seven new samples from shallow and deep parts of Apollo dissolved 94.3% of the gold on average, backing up earlier recovery work from October 2023, and flotation optimisation improved gold and silver recoveries over the April 2024 numbers. The company plans a split circuit, flotation for material above 0.15% copper and leaching for the rest.
