About Probe Gold
Probe Gold is a publicly listed company based in Toronto (Canada) founded in 2022, and was acquired by Fresnillo plc in October 2025. Gold properties are explored and developed in prospective regions. The company has 27 employees. Its chief executive, as recorded, is David Palmer. Probe Gold offers products and services including Gold Exploration and Sustainability Services. Its focus areas include Mining, Mining Companies, Metals and Precious Metals. Its legal entity is Probe Gold Inc.
Company details
Probe Gold was established in 2022 and is headquartered in Toronto, Canada. Activities are centered on the exploration and development of gold properties within the mining sector. Operations involve identifying prospective sites, conducting geological assessments, and advancing resource evaluation. Focus is placed on North American assets, with management led by CEO David Palmer. Services include drilling programs and feasibility studies for potential gold deposits.
- Headquarters Toronto, Canada
- Employees 27
- Stage Public
- SectorsNatural Resources
- Email••••••••
- Phone•••• ••••
- Website probegold.com
- Social LinkedIn X Facebook
- Acquired by Fresnillo plc (Oct 2025)
- Legal Name Probe Gold Inc
- Net Profit-$17.17 M (USD)2.77as on Dec 31, 2024
- EBITDA-$21.04 M (USD)0.66as on Dec 31, 2024
- Latest Funding Round$5.87M (USD), Post-IPO
Apr 2025
- Investors
- Employee Count27
- Acquired byFresnillo plc
(Oct 2025)
Products & Services of Probe Gold
Probe Gold offers a comprehensive portfolio of products and services, including Gold Exploration and Sustainability Services.
Exploration and development of gold projects are conducted to add resources in areas like Val-d’Or
Sustainable practices in mining are implemented to reduce environmental impact and foster community relationships
Funding Insights of Probe Gold
- Total Rounds 4
- Last Round Post-IPO — $5.87M
- First Round $528,269
(Jun 2024)
All 4 funding rounds of Probe Gold with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $5.87M | Post-IPO | – | – | – |
| Mar 2025 | $31.66M | Post-IPO | – | – | – |
| Jan 2025 | $1.21M | Post-IPO | – | – | – |
| Jun 2024 | $528,269 | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Probe Gold
Probe Gold has secured backing from 1 investor. Prominent investors backing the company include Fresnillo plc.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Precious metals are produced through mining operations by Fresnillo plc. | 2008 | fresnilloplc.com | Mexico City, Mexico |
Investor details for Probe Gold
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People of Probe Gold
1 people are tracked at Probe Gold (1 in leadership); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
David Palmer | CEO | Leadership |
Complete people profiles for Probe Gold
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IPO & Listings of Probe Gold
Probe Gold is a publicly listed company on the TSX with ticker symbol PRB in Canada, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date27 Jan 2023
- Listed onTSX: PRB
- Listed entityProbe Gold Inc
- Exchange sectorNon-energy minerals
- ISINCA74290F1009
- Share price3.64 CAD · 2026-01-23
- Market capitalisation742,556,022.00 CAD
- EPS (diluted, trailing year)-0.12 CAD
- Volume (last session)945,013
- Analyst consensusBuy
Financials of Probe Gold
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | -24.7M CAD | -30.3M CAD | |
| 2023 | -25.4M CAD | -30.5M CAD | |
| 2022 | -29.9M CAD | -32.5M CAD | |
| 2021 | -12.8M CAD | -17.2M CAD | |
| 2020 | -14.6M CAD | -20.1M CAD |
Detailed financial statements for Probe Gold
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Probe Gold
5 dated milestones of Probe Gold across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Probe Gold is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $528K.
- Funding Latest funding round, Post-IPO, of $5.9M.
- Exit Acquired by Fresnillo plc.
Web traffic of Probe Gold
The website of Probe Gold (probegold.com) receives about 5K visits a month.
- Monthly visits5K
▼ 13.5% vs previous month
Top companies in Mining Companies
3 companies that operate in the same segment as Probe Gold (Mining Companies) in Canada, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
First Majestic is engaged in silver and gold mining operations. | 2002 | Vancouver, British Columbia, Canada | USD 1.29 B | |||
Diversified exploration and development of metals are conducted globally. | 1949 | Rouyn-noranda, Quebec, Canada | USD 1.06 M | |||
Previous metals exploration company | 1973 | Vancouver, British Columbia, Canada | USD 9.47 M |
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Frequently Asked Questions about Probe Gold
Probe Gold was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Probe Gold is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
David Palmer is the CEO of Probe Gold, as recorded in our data.
Probe Gold has 27 employees.
Probe Gold was established in 2022 and is headquartered in Toronto, Canada. Activities are centered on the exploration and development of gold properties within the mining sector. Operations involve identifying prospective sites, conducting geological assessments, and advancing resource evaluation. Focus is placed on North American assets, with management led by CEO David Palmer. Services include drilling programs and feasibility studies for potential gold deposits.
Probe Gold offers Gold Exploration and Sustainability Services.
Yes, Probe Gold is publicly traded on TSX under the ticker symbol PRB.
Probe Gold has 1 investor. Key investors include Fresnillo plc.
Probe Gold operates through Probe Gold Inc.
Yes. Probe Gold was acquired by Fresnillo plc in October 2025.