Companies · Mining & Resources

Durango Gold Corp.

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

Diligence memoA one-page analyst read on Durango Gold Corp. — recommendation, valuation, rhythm, risks.
$3.1M
Total raised · real
2
Rounds
0.5×
Latest step-up
Top 43%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jun 15 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Durango Gold Corp. looks fair 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.

Fair
  • Modeled value is 0.88× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
  • Within the normal band (88% of peer median) for its niche.
Dormant
  • Last raise 5.0 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

Durango Gold Corp. is one of 701 Mining & Resources companies tracked from RENO. By capital raised it ranks mid-pack (ahead of 58% of sector peers), and mid-pack 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
5
Investors (latest)
2020
Year incorporated
2021-06-15
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$2.5M$5.0M$7.5M$10MSeed · 2021-02-09 Raised $2.0M (real) Modeled valuation $9.7M (est)$2.0M$9.7MSeed2021Seed · 2021-06-15 Raised $1.1M (real) Modeled valuation $4.8M (est)$1.1M$4.8MSeed2021+$1.1MCumulative $3.1M

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
Seed$2.0M · 2021
Seed extension$1.1M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$4.8M
Base estimate est.
$909K
Conservative case
$29.3M
Upside case
$5.3M
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.

Seed · modeled $9.7M · 2021-02-092021Seed · modeled $4.8M · 2021-06-152021
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
5.0 yr
Elapsed time used
5.0 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$8.9M/yr
Capital velocity
5.4 yr
On record since
2021
First round
2
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$3.1M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.0× above median
This company$1.1M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$4.8M
Sector median$2.5M

Raised more than 58% of sector peers (real $). Modeled value above 65% 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 #28 of 47.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Millennial Silver Corp. · Seed Raised $4.5M · modeled $17.1M (est)Bullfrog Gold Corp. · Seed Raised $11.9M · modeled $16.9M (est)Digital Carpenters Mining LLC · Seed Raised $3.5M · modeled $16.8M (est)Harfang Exploration Inc. · Seed Raised $3.9M · modeled $16.4M (est)GARNEX GOLD Corp · Seed Raised $3.0M · modeled $16.1M (est)Ely Gold Royalties, Inc. · Seed Raised $4.9M · modeled $13.2M (est)Levitated Metals Holdings, LLC · Seed Raised $2.4M · modeled $12.9M (est)StrikePoint Gold Inc. · Seed Raised $2.5M · modeled $12.8M (est)Digital Gold Innovation Technologies Private Ltd · Seed Raised $3.0M · modeled $12.7M (est)Azimut Exploration Inc. · Seed Raised $4.1M · modeled $11.6M (est)Minaurum Gold Inc. · Seed Raised $2.9M · modeled $11.1M (est)American Pacific Mining Corp · Seed Raised $5.2M · modeled $10.1M (est)Durango Gold Corp. (this company) Raised $3.1M · modeled $4.8M (est)Durango Gold Corp.
CompanyStageRaised · realValue · estvs peer med.
Millennial Silver Corp.Seed$4.5M$17.1M3.11×
Bullfrog Gold Corp.Seed$11.9M$16.9M3.08×
Digital Carpenters Mining LLCSeed$3.5M$16.8M3.04×
Harfang Exploration Inc.Seed$3.9M$16.4M2.98×
GARNEX GOLD CorpSeed$3.0M$16.1M2.92×
Ely Gold Royalties, Inc.Seed$4.9M$13.2M2.39×
Levitated Metals Holdings, LLCSeed$2.4M$12.9M2.35×
StrikePoint Gold Inc.Seed$2.5M$12.8M2.33×
Digital Gold Innovation Technologies Private LtdSeed$3.0M$12.7M2.31×
Azimut Exploration Inc.Seed$4.1M$11.6M2.10×
Minaurum Gold Inc.Seed$2.9M$11.1M2.02×
American Pacific Mining CorpSeed$5.2M$10.1M1.83×
Durango Gold Corp. this companySeed$3.1M$4.8M0.88×
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.
Seed$2.0M2021-02-09$10.0M$9.7M90%
Seed$1.1M2021-06-15$5.3M$4.8M90%
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. Seed$2.0M2021-02-09
    • First recorded raise — entered as Seed.
  2. Seed$1.1M2021-06-15
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~4mo cadence
$1.1M
Modeled next size est.range $1.1M$1.7M
0.5×
Last step-up
$8.9M/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
Craig Auringer2021-06
Craig I Auringer2021-02
Fernando Berdegue2021-02
Gustavo Mazo2021-06
James I Stonehouse2021-02
Jose Bosch2021-06
Ron Bauer2021-06
Ron I Bauer2021-02
Sean Zubick2021-06
Steven I Weiss2021-02
Registry & provenance

Durango 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
1840100
SEC CIK
2020
Incorporated
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
Snowline Gold Corp.Mining & ResourcesSeed$3.1M$8.5Msame sector · same stage
Westward Gold Inc.Mining & ResourcesSeed$3.1M$2.1Msame sector · same stage
Mega Uranium Ltd.Mining & ResourcesSeed$3.1M$2.4Msame sector · same stage
World Copper Ltd.Mining & ResourcesSeed$3.1M$6.1Msame sector · same stage
Collective Mining Ltd.Mining & ResourcesSeed$3.1M$6.7Msame sector · same stage
Military Metal Art HoldCo, LLCMining & ResourcesSeed$3.1M$8.8Msame sector · same stage
B & N Mining, Inc.Mining & ResourcesSeed$3.0M$6.1Msame sector · same stage
Stratus Silver Lining, Inc.Mining & ResourcesSeed$3.1M$2.7Msame 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
West Point Gold Corp.Mining & ResourcesSeries A$21.3M87%
Westward Gold Inc.Mining & ResourcesSeed$2.1M86%
Mexican Gold Corp.Mining & ResourcesPre-Seed$601K86%
Omega Gold Corp.Mining & ResourcesPre-Seed$595K86%
Golden Minerals CoMining & ResourcesSeries A$6.7M86%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M86%
White Gold Corp.Mining & ResourcesSeed$5.0M85%
Gold Bull Resources Corp.Mining & ResourcesPre-Seed$2.1M85%
Frequently asked
How much funding has Durango Gold Corp. raised?
Durango Gold Corp. has raised approximately $3.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Durango Gold Corp.'s estimated valuation?
Provath's modeled valuation for Durango Gold Corp. is approximately $4.8M (modeled range $909K–$29.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Durango Gold Corp. at?
Durango Gold Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jun 15.
What does Durango Gold Corp. do and where is it based?
Durango Gold Corp. operates in the Mining & Resources sector, based in RENO.
Explore related

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