ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF), a development-stage mining company, is advancing its flagship Montauban Gold-Silver Project in Québec, capitalizing on sustained high gold prices despite market volatility. The company recently closed a C$7.2 million offering, selling 10,683,000 units at C$0.68 per unit, with proceeds directed toward project development and working capital.
According to a publication featuring the company, ESGold remains optimistic about gold's price trajectory given global debt levels and political pressures. Even with expected volatility, gold prices are approximately twice as high as two years ago, prompting ESGold to double down on Montauban. The project, located 80 kilometers west of Quebec City, is fully permitted and pre-production, serving as a model for responsible mining practices.
“This next phase marks an important step in defining the full scale of Montauban,” said Gordon Robb, ESGold’s CEO. The company is focused on sustainable resource recovery and exploration, combining near-term production with district-scale discovery potential. The Montauban property is central to ESGold's strategy of delivering long-term value through clean mining innovation.
For more details, the full article is available at https://ibn.fm/J3zCI. Additional updates on ESAUF can be found in the company’s newsroom at https://ibn.fm/ESAUF.