TomaGold Company Profile


A well-diversified gold company
Company Exposure


Company Listing


Stock Code


Company Overview

TomaGold Corporation (TSX-V: LOT) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in seven gold properties in northern Quebec near the Chibougamau mining camp. It also holds interest in the Sidace Lake property and in the Baird property near the Red Lake mining camp in Ontario. To optimize its chances of discovery and minimize its exploration risk, TomaGold aims to develop high-grade gold properties with major mining companies. It currently has joint venture agreements with IAMGOLD Corporation for the Monster Lake project, with Goldcorp Inc. for the Sidace Lake property, and with Goldcorp Inc. and New Gold Inc. for the Baird property. The Corporation is also engaged in gold brokerage activities in South America through its subsidiary, TomaSouth Corporation.


  • Monster Lake (JV IAMGOLD) 45% TomaGold
  • Winchester (JV IAMGOLD) 50% TomaGold
  • Lac-à-l’eau-jaune (JV IAMGOLD) 50% TomaGold
  • Monster Lake East (Little Monster, Cookie Monster and Monster Island sectors) 100% TomaGold
  • Monster Lake West 100% TomaGold
  • Hazeur 70% TomaGold (+6 claims: 100% TomaGold)
Live Financials

Latest Announcements

View all company announcements

Share Price Performance


David Grondin – President, CEO and Director
Martin Nicoletti – CFO
Claude Larouche – Exploration Manager
Pierre Lepine – Chairman
Ciro Cucciniello – Director
Robert Desjardins – Director
Vittorio Violo – Director



Institutional 55%

Management 2%

MONSTER LAKE – Joint Venture with Iamgold

  • IAMGOLD (50%) TomaGold (45%) JV
  • Over 81,684 metres of drilling completed
  • 114 claims covering 3,336 hectares located near the Chibougamau mining camp, which produced 6.7 million ounces of gold
  • Five major gold zones over a 4.5km gold corridor: Megane, 325, Annie, 52, and Eratix
  • Strong high-grade gold potential: over 30 drill intersections returning grades ranging from 10.0 to 237.6 g/t Au
  • Very favourable exploration potential as project comprises 12 other gold showings with economical grades
Main terms of JV agreement

  • IAMGOLD must incur $10 million in exploration work over 7 years to earn additional 25% interest)
  • Agreement includes two future success- based contingent payments based on specific milestones: IAMGOLD’s decision to build a mine and the beginning of commercial production. For each of these milestones, IAMGOLD would pay an additional $1 million to TomaGold
  • IAMGOLD is the project operator during the acquisition period with the support of TomaGold’s geological team

MONSTER LAKE-NI 43-101 Resource Estimat

On March 28, 2018, IAMGOLD announced the results of its first mineral resource estimate



Past gold-copper producing property

  • TomaGold acquired 100% interest for 4 million shares and cash payments totaling $500,000 over four years, including $100,000 at closing
  • Property includes one mining concession and hosts seven separate mineralized zones, one 85-metre shaft and two ramps
  • In 1964, United Obalski Mining Co. Ltd. mined 90,093 tons grading 3.0 g/t Au, 6.2 g/t Ag and 1.53% Cu
  • 230 holes were drilled on the property for a total of more than 60,000 metres, most of which was shallow drilling

  • Goldcorp 60.5% TomaGold 39.5% JV
  • Acquired for 15m shares
  • Advanced gold project consists of 42 mining claims located in the Red Lake mining camp, in Ontario
  • NI 43-101 Indicated and Inferred resource of over 360,000 oz of gold
  • MDZ and UDZ zones are both open laterally and at depth

  • Creation of a new subsidiary, TomaSouth Corporation, specialized in gold brokerage
  • TomaSouth’s activities consist of buying gold from artisanal producers and organizing its transport to refineries
  • TomaSouth closed its first transaction, for 340 ounces of gold, in the second quarter
  • Secured a $1 million line of credit from investors in Quebec (closing expected in Q3)
  • New gold brokerage activities will enable us to generate positive cash flow for our exploration activities without creating shareholder dilution

Contact Details


PHONE: +1 514-583-3490

[easy-social-share buttons=”facebook,twitter,google,linkedin,print,mail” counters=0 style=”icon” template=”clear-retina” nospace=”yes”]