Companies · Mining & Resources

Carlin Gold Corp

Vancouver · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Carlin Gold Corp — recommendation, valuation, rhythm, risks.
$2.9M
Total raised · real
3
Rounds
0.1×
Latest step-up
Top 44%
Sector rank · raised
Seed
Latest stage · inferred · Mon Nov 28 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Carlin Gold Corp looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.12× the median modeled value of Seed Mining & Resources companies in 2016–2018 (23 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.6 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

Carlin Gold Corp is one of 701 Mining & Resources companies tracked from Vancouver. By capital raised it ranks mid-pack (ahead of 57% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2016-11-28
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MPre-Seed · 2011-04-12 Raised $104K (real) Modeled valuation $693K (est)$104K$693KPre-Seed2011Seed · 2012-07-24 Raised $2.6M (real) Modeled valuation $14M (est)$2.6M$14MSeed2012Seed · 2016-11-28 Raised $149K (real) Modeled valuation $801K (est)$149K$801KSeed2016+$2.6M+$149KCumulative $2.9M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$104K · 2011
Seed$2.6M · 2012
Seed extension$149K · 2016

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$801K
Base estimate est.
$128K
Conservative case
$6.3M
Upside case
$746K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $693K · 2011-04-122011Seed · modeled $14.1M · 2012-07-24Seed · modeled $801K · 2016-11-282016
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
6.0 yr
Elapsed time used
9.6 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
34 mo
Avg between rounds
$510K/yr
Capital velocity
15.2 yr
On record since
2011
First round
3
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.3× above median
This company$2.9M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$149K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$801K
Sector median$2.5M

Raised more than 57% of sector peers (real $). Modeled value above 27% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #21 of 23.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Constantine Metal Resources Ltd. · Seed Raised $3.5M · modeled $18.7M (est)Superior Gold Inc. · Seed Raised $4.1M · modeled $17.8M (est)Bare Metal Standard Inc. · Seed Raised $6.0M · modeled $16.1M (est)Kenadyr Mining (Holdings) Corp · Seed Raised $2.3M · modeled $12.3M (est)UltraConductive Copper Company, Inc. · Seed Raised $2.2M · modeled $11.6M (est)Honey Gold Processing Llc · Seed Raised $2.0M · modeled $10.7M (est)National Silver-Lead Mining Co · Seed Raised $2.4M · modeled $10.7M (est)Liquid Gold, LLC · Seed Raised $1.9M · modeled $10.2M (est)Antipa Minerals Ltd · Seed Raised $1.5M · modeled $8.1M (est)Quasar Mining Group, Inc. · Seed Raised $1.4M · modeled $7.6M (est)Discovery Metals Corp. · Seed Raised $1.3M · modeled $6.8M (est)Caracara Silver Inc. · Seed Raised $1.2M · modeled $6.5M (est)Carlin Gold Corp (this company) Raised $2.9M · modeled $801K (est)Carlin Gold Corp
CompanyStageRaised · realValue · estvs peer med.
Constantine Metal Resources Ltd.Seed$3.5M$18.7M2.87×
Superior Gold Inc.Seed$4.1M$17.8M2.73×
Bare Metal Standard Inc.Seed$6.0M$16.1M2.47×
Kenadyr Mining (Holdings) CorpSeed$2.3M$12.3M1.88×
UltraConductive Copper Company, Inc.Seed$2.2M$11.6M1.78×
Honey Gold Processing LlcSeed$2.0M$10.7M1.64×
National Silver-Lead Mining CoSeed$2.4M$10.7M1.64×
Liquid Gold, LLCSeed$1.9M$10.2M1.56×
Antipa Minerals LtdSeed$1.5M$8.1M1.24×
Quasar Mining Group, Inc.Seed$1.4M$7.6M1.17×
Discovery Metals Corp.Seed$1.3M$6.8M1.04×
Caracara Silver Inc.Seed$1.2M$6.5M1.00×
Carlin Gold Corp this companySeed$2.9M$801K0.12×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$104K2011-04-12$577K$693K85%
Seed$2.6M2012-07-24$13.1M$14.1M85%
Seed$149K2016-11-28$746K$801K90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$104K2011-04-12
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$2.6M2012-07-24
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 25.2× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Seed$149K2016-11-28
    • Raised again after 52 mo — slower than the ~11 mo sector norm.
    • Round 17.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
Intelligence
2019 ~Q3
Modeled next raise · ~34mo cadence
$149K
Modeled next size est.range $149K$239K
0.1×
Last step-up
$510K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Robert Thomas7 other2011-04
Brian C. Irwin4 other2016-11
Aris Morfopoulos3 other2011-04
BRIAN IRWIN1 other2011-04
Brian Wayne Irwin2012-07
Jay C. Sujir2016-11
Kenneth C. Rye2016-11
K. Wayne Livingstone2011-04
Robert C. Culbert2016-11
ROBERT CULBERT2011-04
Robert D. Thomas2016-11
Robert Wayne Culbert2012-07
Robert Wayne Thomas2012-07
Registry & provenance

Carlin Gold Corp is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1342325
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Constantine Metal Resources Ltd.Mining & ResourcesSeed$3.5M$18.7Mnetwork2 shared operators · same sector · same stage
Toro Silver Corp.Mining & ResourcesSeed$3.3M$2.8Mnetwork1 shared operator · same sector · same stage
HighGold Mining Inc.Mining & ResourcesSeed$12.5M$13.2Mnetwork1 shared operator · same sector · same stage
TriStar Gold Inc.Mining & ResourcesSeed$15.0M$4.1Mnetwork1 shared operator · same sector · same stage
Angel Wing Metals Inc.Mining & ResourcesSeed$2.8M$982Ksame sector · same stage
Candelaria Mining Corp.Mining & ResourcesSeed$2.8M$1.4Msame sector · same stage
Kuya Silver Corp./BCMining & ResourcesSeed$3.0M$2.9Msame sector · same stage
Westward Gold Inc.Mining & ResourcesSeed$3.1M$2.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
JDL Gold Corp.Mining & ResourcesSeries A$1.2M86%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M86%
Americas Gold & Silver CorpMining & ResourcesSeries B$34.3M85%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M85%
ALQ Gold Corp.Mining & ResourcesPre-Seed$4.8M84%
Westmountain Gold, Inc.Mining & ResourcesSeries A$19.7M83%
Gold Basin Resources CorpMining & ResourcesPre-Seed$1.0M83%
Gold Bull Resources Corp.Mining & ResourcesPre-Seed$2.1M83%
Frequently asked
How much funding has Carlin Gold Corp raised?
Carlin Gold Corp has raised approximately $2.9M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Carlin Gold Corp's estimated valuation?
Provath's modeled valuation for Carlin Gold Corp is approximately $801K (modeled range $128K–$6.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Carlin Gold Corp at?
Carlin Gold Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Nov 28.
What does Carlin Gold Corp do and where is it based?
Carlin Gold Corp operates in the Mining & Resources sector, based in Vancouver.
Explore related

See where Carlin Gold Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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