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Mclaren Resources MCL.CN · CAD

N/A · Canadian Securities Exchange · 🇨🇦 Canada

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0.03

-16.67%

Close of 9 Nov 2026, in CAD

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About Mclaren Resources

Its shares trade on Canadian Securities Exchange under the ticker MCL.CN. It has been listed since 11 September 2007.

McLaren Resources, Inc. engages in the acquisition, exploration, and development of gold properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2007-09-11. The firm is engaged in gold exploration in the Timmins Gold region. The firm owns a 100% interest in the Blue QuartzGold Mine property as well as the McCool and Kerrs gold properties, all located within the Abitibi Greenstone Belt along the Destor-Porcupine Deformation Zone, which is host to many of the gold deposits in the area, approximately 85 kilometers (km) east of Timmins city center. The 640 hectares (ha) Blue Quartz Property consists of over 25 patented mining claims having an area of 400 ha and eight adjacent mining claims having an area of 240 ha. The McCool Property is an approximately 1770 ha mining lease (4077 acres), located in the southern portion of McCool Township, east of Timmins. The company also owns a 100% interest in the Augdome gold property, which covers approximately 408 ha and is located in Tisdale and Whitney Townships immediately east of the Dome Mine owned by Newmont.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
N/A
Industry
N/A
Listed since
11 Sept 2007

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • McLaren Resources owns 100% interest in Blue Quartz Gold Mine property in Abitibi Greenstone Belt.
  • The company holds 100% interest in Augdome gold property east of Newmont's Dome Mine.
  • McLaren Resources has 25 patented mining claims covering 400 ha at Blue Quartz Property.

Weaknesses

  • The company's exploration activities are limited to Timmins Gold region in Ontario.
  • McLaren Resources has no other properties outside the Abitibi Greenstone Belt.
  • The firm's operations are concentrated within 85 km east of Timmins city center.

Opportunities

  • The Destor-Porcupine Deformation Zone hosts many gold deposits in the area.
  • McLaren Resources can expand its McCool Property by 1770 ha mining lease.
  • The Abitibi Greenstone Belt offers significant gold exploration potential.

Threats

  • The company's focus on Timmins Gold region may limit diversification.
  • McLaren Resources faces competition from Newmont in the Dome Mine area.
  • Gold exploration in Abitibi Greenstone Belt is subject to geological risks.

Sources and methodology

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Our data supplier
Chart on the Overview
TradingView

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