In this KE Report Company Update, Tara Christie, President & CEO of Banyan Gold (TSX.V:BYN - OTCQB:BYAGF), discusses the newly announced $31.4M strategic financing and provides updates on the expanded 40,000m+ drill program at the AurMac Gold Project in the Yukon.
Key Highlights:- $31.4M Strategic Financing: Led by a private Peruvian mining group with a proven M&A record. Includes $23M flow-through and $8M hard dollars - no warrants or board rights.
- Strong Treasury: Cash position to exceed $40M, funding exploration and technical work through 2026 and supporting a Preliminary Economic Assessment (PEA) planned for fall 2026.
- AurMac Drill Program: Nearly 36,000m drilled (165 holes) of the planned 40,000m; only 26 holes released so far. Focus on expanding higher-grade zones encompassing the 5M+ ounces >1 g/t Au that will anchor mine design.
- Hyland Project: New resource update coming soon for Banyan’s secondary Yukon asset. Modest 2026 drilling planned to test new targets and support potential JV or partnership opportunities.
If you have any follow up questions for Tara please email me at Fleck@kereport.com.
Click here to visit the Banyan Gold website.
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