
Linear Gold Corp
Gold exploration and development in Central America.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Growth Equity VC | ||
Total Funding | 000k |
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Linear Gold Corp. was a publicly-traded mineral exploration and development company headquartered in Halifax, Canada. The firm's primary focus was on the acquisition, exploration, and advancement of gold properties, particularly in Central America. A key part of its strategy involved managing risk and expanding capacity through selective joint ventures with major mining companies.
The company's management and technical teams had a track record in mineral exploration and business. Wade K. Dawe served as the President and CEO, bringing experience from the Canadian mining and venture capital industries since 1994. In 2003, he negotiated the acquisition of a significant property portfolio from Mount Isa Mines (MIM) in Central America and subsequently raised over $35 million for the company. The leadership also included Brian MacEachen as CFO and Dave Rowe as Vice-President of Exploration. The company held a diverse portfolio of exploration projects, with notable joint ventures in Mexico with Kinross Gold and in the Dominican Republic with Everton Resources. Its flagship project was the Ixhuatán property in Mexico, which hosted the Campamento gold deposit.
In a significant strategic move in 2010, Linear Gold Corp. merged with Apollo Gold to form Brigus Gold Corp. The transaction was valued at approximately $102 million.
Keywords: gold exploration, mineral development, Central America mining, public mining company, gold properties, joint ventures, Kinross Gold, Everton Resources, Ixhuatán project, Campamento deposit, Apollo Gold merger, Brigus Gold Corp, Wade K. Dawe, mineral exploration financing