Research analysts covering Canagold Resources.
Recent press releases and 8-K filings for CRCUF.
Canagold Resources Ltd. Reports Q3 2025 Results and New Polaris Project Progress
CRCUF
New Projects/Investments
Earnings
Guidance Update
- Canagold Resources Ltd. reported a net loss of $1,431 thousand for the nine months ended September 30, 2025, with no operating revenues. As of September 30, 2025, the company held $2,249 thousand in cash and had working capital of $1,359 thousand. The company's ability to continue as a going concern is dependent on securing future financing.
- The feasibility study for the New Polaris property, announced on July 21, 2025, projects an after-tax net present value (NPV) of $425 million and an internal rate of return (IRR) of 30.9% with a 2.4-year payback period, based on a US$2,500 base case gold price. The estimated pre-production capital expenditures are $250 million, and the life-of-mine (LOM) all-in sustaining cost (AISC) is US$1,247/oz.
- The New Polaris project has probable mineral reserves of 904.4 thousand ounces of gold at 9.94 g/t, effective July 10, 2025. Additionally, an antimony mineral resource was quantified in February 2025, including 5,630 tonnes in the indicated category.
- The New Polaris project is advancing through its environmental assessment, with the British Columbia Environmental Assessment Office (BCEAO) issuing a process order in January 2025 to proceed to the Application Development and Review phase, targeting an EA application submission in Q4 2025. To support its activities, the company closed a charity flow-through financing for CAD $3.2 million in March 2025 and a private placement for CAD $2 million in August 2025.
Nov 14, 2025, 3:44 PM
Canagold Resources Announces Positive Antimony Concentrate Production Results
CRCUF
New Projects/Investments
- Canagold Resources Ltd. announced positive results from antimony (Sb) flotation testing for its New Polaris gold-antimony project, yielding an Sb-Au concentrate assaying 59.1% Sb and 98.3 gpt Au with 93.1% Sb recovery and 91.8% Au recovery.
- The Feasibility Study (FS) completed in July 2025 for the New Polaris project did not account for any revenue from antimony, but these new results highlight the potential for significant additional value.
- The company plans to conduct further metallurgical test work and economic assessments to evaluate including antimony revenue in the project's financial model.
- The project's Indicated Mineral Resource Estimate (MRE) dated April 2, 2025, includes 5,630 tonnes of Sb grading 0.6%, and the FS mine plans include 5,173 tonnes Sb.
Oct 1, 2025, 7:12 PM
Canagold Files Feasibility Study Report for New Polaris Project
CRCUF
New Projects/Investments
Guidance Update
- Canagold Resources Ltd. has filed the Technical Report for the Feasibility Study of its 100% owned New Polaris gold-antimony project.
- The study projects an after-tax net present value (NPV) of $425 million with an internal rate of return (IRR) of 30.9% at a US$2500 base case Gold Price, and an NPV of $793 million with an IRR of 47.3% at a US$3300 spot Gold Price.
- The estimated pre-production capital expenditures (CAPEX) for the project are $250 million.
- The project is anticipated to generate life of mine (LOM) after-tax free cash flow of $649 million at the base case Gold Price and $1.1 billion at the spot Gold Price, with an all-in sustaining cost (AISC) of US$1247/oz per payable gold.
Sep 3, 2025, 7:21 PM
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