Today Andy Millette sits down with Gordon (CEO, ES Gold) to unpack a simple, de-risked plan: start cash flow fast by reprocessing legacy tailings at Montebello, Québec, then use that revenue to self-fund drilling on a past-producing VMS system. ES Gold says it is fully funded for Phase 1 (500 tpd) via recent equity plus a $9M offtake facility from Ocean Partners, with permits in hand to reprocess specific tailings and a path to amend for hard-rock as they advance. The target is to scale toward 1,000 tpd over ~2 years.
Company snapshot
Project: Montebello, Québec; town-proximate infrastructure, grid power, roads in place.
Starter revenue: ~1.0 Mt historical tailings hosting ~12 koz Au and 1 Moz Ag (company figures).
Additional near-term feed: ~400 kt crown-pillar hard-rock (~50 koz Au, 500 koz Ag) after tailings.
Strategy: Production first, discovery second — reinvest tailings cash flow into drilling along strike and at depth on a VMS system historically mined to ~200 m; recent geophysics indicates structure to ~1,200 m.
Capital & structure: ~$10M cash plus $9M offtake; ~92M OS (recent raise), ~130M FD with warrants ~$0.45–$1.10; market cap hovering ~$100M around interview time.
Key topics
First 100 days as CEO: mandate and execution
Funding package and build status; equipment ordering, construction updates
Permitting: tailings reprocessing permits secured; amend as areas advance; Québec as a pro-mining jurisdiction
Operating leverage at strong Au/Ag prices
Exploration upside: 3D model, drill targeting, potential winter work
Exchange listings and IR contact
Company & IR
Website: esgold.com
Listings: CSE: ESR | OTCQB: ESRUF
Contact: via company website investor page (Gordon welcomes calls)
Host & Channel Links
Natural Resource Stocks — Official Channel
🌐 Website: https://www.NaturalResourceStocks.net
📺 YouTube: https://www.youtube.com/@naturalresourcestocks
🐦 X (Twitter): https://twitter.com/NRS_Stocks
💼 LinkedIn: https://www.linkedin.com/company/natural-resource-stocks/
Andy Millette – Host
🌐 Website: https://www.NaturalResourceStocks.net
🐦 X (Twitter): https://twitter.com/AndyMillette
💼 LinkedIn: https://www.linkedin.com/in/andymillette/
Steve Yang – Co-Host
🐦 X (Twitter): https://twitter.com/SteveYang_Market
💼 LinkedIn: https://www.linkedin.com/in/steveyang88/
