- ESGold CEO Gordon Robb recently appeared in an interview on an “Inside the Boardroom” webcast, with an episode featuring insights on the company’s non-traditional production-first revenue model
- The company is nearing the launch date for beginning tailings recovery at an abandoned legacy mine west of Quebec’s capital city, where ESGold is 100% permitted to extract value metals such as gold and silver while improving the environment at the site
- The tailings recovery effort is a near-term revenue generation strategy that allows the company to boost its coffers from the production cycle first, opening the door to eventual exploration efforts without having to seek investor capital raises to continue forward
- ESGold is also beginning to evaluate the potential of some of the hundreds of additional similar sites throughout North and South America
Sustainable gold mining innovator ESGold (CSE: ESAU) (OTCQB: ESAUF) offers its shares as an affordable way, with better return prospects, for investors to ride the gold waves, and sees the company’s revenue model as a savvy approach to capitalization without having to continually ask for investors for new infusions. Gold has enjoyed generally upward market movement this year, rising at a modest pace during the summer after more pronounced gains during the opening months of 2025.
The company’s beneficial revenue model entails reclaiming mines polluted with toxic wastes left over from prior exploration, and repurposing value metals from the tailings to be used in clean building work projects. ESGold’s fully permitted ownership of eastern Canada’s Montauban project is serving as the company’s proof of concept.
“Because this was a past producing mine, there’s a lot of toxic tailings left around the surface of this project, including the (nearby) township. Our main focus is to go in to clean up that toxic liability while extracting the economic value — the gold and silver and mica left in those tails,” ESGold CEO Gordon Robb said during an interview this month with the “Inside the Boardroom” webcast (https://nnw.fm/yCUbz).
Setup is nearly complete on the facilities for the mill circuit and related assembly to begin reprocessing the tailings, and the company anticipates the potential to generate close to $350 million from tailings and near surface hard rock during the coming decade — generating revenue that can be reinvested in future exploration.
“Our main focus is to get this up and running, to be able to generate cash flow from those tailings, and then funnel that capital into the exploration,” Robb said. “Essentially we’re reverse-engineering that model. Rather than exploration-development-production, we’re going production first and then (we’ll) be able to have non-dilutive funding to go into building this out at scale and having potentially a district-scale discovery.”
ESGold regards Montauban as a previously under-explored site and has begun assessing its potential for producing additional precious metals. The company conducted a non-invasive Ambient Noise Tomography (“ANT”) survey using sound waves to reveal that the mineral system remains open at depth vertically and laterally, meaning the geological makeup of the below-ground area is conducive to gold and silver formation (https://nnw.fm/kqKAZ).
ESGold is also examining the potential of other abandoned sites for similar recovery and revenue generation throughout North and South America. U.S. environmental statistics report more than 500,000 abandoned mine sites exist in North America, many of which contain tailings piles with residual precious and base metals awaiting evaluation. South America has an even larger number of potential sites after decades of small- to mid-scale mining operations in gold-rich areas of Peru, Bolivia, Colombia and Chile (https://nnw.fm/O1Krh).
“There’s an enormous untapped economic and environmental opportunity here,” company COO and Chairman Paul Mastantuono stated.
For more information, visit the company’s website at https://esgold.com.
NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://nnw.fm/ESAUF
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