Welcome to our dedicated page for Compass Gold news (Ticker: COGDF), a resource for investors and traders seeking the latest updates and insights on Compass Gold stock.
Compass Gold Corp. reports on gold exploration and small-mine development work in southern Mali. The company, incorporated in Ontario and listed as a TSX Venture Tier 2 issuer, holds gold exploration permits through MGE and Malian subsidiaries that comprise the Sikasso Property, including the Massala prospect on the Tarabala Trend.
Recurring company updates cover shallow diamond drilling, bulk sample processing, metallurgical testing, environmental and mining-permit matters, and technical work under National Instrument 43-101 standards. News also includes financing activity such as private placements, warrants and convertible debenture conversions, along with board and governance changes tied to the company's mining strategy.
Compass Gold (OTC: COGDF) reported final assay results from a 42-hole (1,457.3 m) diamond drilling program at the Massala prospect on the Sikasso Property in southern Mali. Drilling tested a 340 m panel along the Tarabala fault within the Massala Small Mine Permit application area and intersected gold in 35 of 42 holes (82%), with mineralization encountered on all 13 drilled sections and remaining open down-dip.
The best intercept remains 18 m at 4.99 g/t Au from 17.3 m, including a 0.8 m interval above 100 g/t Au (capped at 100 g/t for calculations). New results include 8.35 m at 2.82 g/t Au (from 24.5 m, including 3.3 m at 5.07 g/t Au), 8.30 m at 1.45 g/t Au, and 6.58 m at 0.82 g/t Au. These data will feed into planning for initial small-scale production at Massala while the Small Mine Permit, filed in 2025, remains pending amid nationwide processing delays in Mali. Compass Gold and an independent resource geologist are evaluating whether additional drilling and deeper metallurgical testing are required, and the company cautions that its decision to advance toward production is not supported by a feasibility study, implying higher technical and economic risk.
Compass Gold (COGDF) reported that shareholders at its recent Annual and Special Meeting approved all matters presented. Directors Joseph Conway, Larry Phillips, James Henderson, Madani Diallo, and Stephen Eddy were elected, auditors were re-appointed, and the stock option plan allowing up to 10% of outstanding shares was re-approved.
A revised Investor Presentation and detailed Q&A on the Small Mine Project at the Sikasso Property in Southern Mali will be posted and circulated on June 29, 2026.
Compass Gold (TSXV: CVB, OTC: COGDF) reported strong metallurgical results and completed Phase 1 resource drilling at the Massala prospect in southern Mali.
Gravity recoverable gold in samples MA-1 and MA-5 ranged from 51.1% to 61.0%, while MA-5 achieved 95.3% total recovery from cyanide bottle roll leaching.
Compass Gold (OTC:COGDF) reported Phase 1 diamond drilling results from the Massala prospect on the Sikasso Property in southern Mali, with 93% of the 42-hole (1,400 m) program completed.
Drilling along a 340 m panel on the Tarabala fault returned wide, near-surface gold mineralization, including 18 m at 4.99 g/t Au and 9.01 m at 1.92 g/t Au, with visible gold and intervals capped at >100 g/t Au. Gold was intersected in all 39 holes drilled to date, and operations continue largely undisrupted despite political and social challenges in Mali, though SGS Bamako has paused assaying and samples are being redirected to SGS Burkina Faso.
Compass Gold (TSXV: CVB) has begun a two-phase, 2,200-metre resource-definition diamond drill program at Massala, starting March 30, 2026, with an initial 41-hole, 1,300-metre shallow program targeting a 340-metre prioritized section of the 15-km Tarabala Trend.
Phase-one budget is ~€310k (C$500k); phase-two budget ~€220k (C$354k). Metallurgical testing results from Blue Coast are expected by end-April 2026. A Small Mine Permit application was submitted in early November 2025, but no permit timeline has been given.
Compass Gold (OTC:COGDF) closed a private placement of 28,412,264 Units at $0.19 each for gross proceeds of approximately $5,398,330 on February 12, 2026. Each Unit includes one common share and one warrant exercisable at $0.25 until February 12, 2029.
Net proceeds will fund the Small Mine Strategy and development at the Massala prospect, including a processing facility, drilling, metallurgical study, bulk sampling, and general corporate purposes. Canaccord Genuity acted as sole agent.
Compass (OTC:COGDF) expects the Malian Ministry of Mines to grant a Small Mine Permit for the Massala prospect before the end of March 2026. The company is completing a second bulk sample of 90 tonnes using a finer grind (<2mm vs prior 8mm) and commissioning metallurgical testing at Blue Coast Research to define optimal processing. Concurrent tests at Bagama Mining's plant are assessing whether crushing and grinding oxidized material improves gold recoveries. Management says the permit timeline is outside the company's control but expects near-term permit award and will report results in the coming weeks.
Compass (OTC: COGDF) intends to extend the expiry of 7,298,668 warrants to December 31, 2026; exercise price remains $0.30 and all other terms stay unchanged.
An aggregate of 1,233,334 warrants are held by insiders; the Company says it relies on MI 61-101 exemptions because the fair value of extended warrants does not exceed 25% of market capitalization. The extension is subject to TSX Venture Exchange final acceptance.
The board also approved 4,150,000 stock options at $0.18 (5-year term); total outstanding options are 9,771,000, about 7.7% of shares. Management cites Malian permitting delays and says a Small Mine Permit is imminent.
Compass Gold (OTC:COGDF) announced that Mali's Ministry of Environment granted an Environmental Permit for the planned Massala small gold mine on November 11, 2025, clearing the regulatory precondition for the Ministry of Mines to issue a Small Mine Permit.
The Environmental Permit follows approval of the Environmental and Social Impact Study and effectively pre-approves placement of a processing facility within the Massala permit area. Compass reports >200 tonnes of mineralized material have been extracted during ongoing bulk sampling to identify the most cost-efficient processing method. Management expects the final Small Mine Permit to proceed quickly now that all materials are with the Ministry of Mines.
Compass Gold Corp. (TSXV: CVB) has appointed Stephen Eddy to its Board of Directors as the company transitions from exploration to gold production in Mali. Eddy, a strategic financial executive with over 20 years of experience in the mining sector, previously served as Senior Vice President of Business Development at IAMGOLD.
During his tenure at IAMGOLD, Eddy led $900M in acquisitions and $2.4B in divestitures, including the $500M Niobec sale and a $195M strategic investment from Sumitomo. He is credited with the turnaround of the Côté Gold project in Ontario and brings expertise in capital markets transactions, risk management, and corporate development.