ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has achieved a critical milestone in its transition to a near-term gold and silver producer by entering into a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd. The agreement, announced in a recent press release, stipulates that Ocean Partners will purchase 100% of the dore production from ESGold’s flagship Montauban Project. In exchange, ESGold gains access to a non-dilutive working capital facility of up to C$9 million.
ESGold CEO Gordon Robb emphasized the significance of the deal, stating, “Ocean Partners is an internationally respected organization with extensive experience across metals trading, mine finance, and global mining operations. Securing a definitive agreement with a group of this caliber significantly strengthens our production strategy and validates the progress our team has made behind the scenes.” The agreement underscores ESGold’s evolution from a development-stage company to a near-term producer, with production at Montauban anticipated in 2026.
The Montauban Gold-Silver Project, located in Quebec, is fully permitted and funded, with construction underway. ESGold is advancing a scalable clean mining model across North and South America, focusing on sustainable growth and long-term shareholder value. The company’s dual-track strategy aims to generate cash flow from production while pursuing exploration discoveries.
For more details on the agreement, the full article can be viewed at https://ibn.fm/BX0GN. Additionally, the latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.
