Companies · Mining & Resources

HighGold Mining Inc.

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

Diligence memoA one-page analyst read on HighGold Mining Inc. — recommendation, valuation, rhythm, risks.
$12.5M
Total raised · real
4
Rounds
1.5×
Latest step-up
Top 16%
Sector rank · raised
Seed
Latest stage · inferred · Tue Apr 11 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

HighGold Mining Inc. looks over-valued against its niche peers and is at-risk 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.

Over-valued
  • Modeled value is 3.69× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
At-risk
  • Last raise 3.2 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

HighGold Mining Inc. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 85% of sector peers), and in the upper tier 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
5
Investors (latest)
2019
Year incorporated
2023-04-11
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$13M$25M$38M$50MSeed · 2019-09-19 Raised $1.9M (real) Modeled valuation $10M (est)$1.9M$10MSeed2019Seed · 2019-12-05 Raised $3.9M (real) Modeled valuation $21M (est)$3.9M$21MSeed2019Seed · 2020-07-28 Raised $2.7M (real) Modeled valuation $14M (est)$2.7M$14MSeed2020Seed · 2023-04-11 Raised $4.0M (real) Modeled valuation $13M (est)$4.0M$13MSeed2023+$3.9M+$2.7M+$4.0MCumulative $13M

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$1.9M · 2019
Seed extension$3.9M · 2019
Seed extension$2.7M · 2020
Seed extension$4.0M · 2023

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
$13.2M
Base estimate est.
$3.4M
Conservative case
$49.0M
Upside case
$19.9M
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 $10.1M · 2019-09-192019Seed · modeled $21.1M · 2019-12-05Seed · modeled $14.5M · 2020-07-28Seed · modeled $13.2M · 2023-04-112023
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
3.2 yr
Elapsed time used
3.2 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$3.5M/yr
Capital velocity
6.8 yr
On record since
2019
First round
4
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) 5.4× above median
This company$12.5M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 3.8× above median
This company$4.0M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 5.2× above median
This company$13.2M
Sector median$2.5M

Raised more than 85% of sector peers (real $). Modeled value above 83% 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 #2 of 63.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Medusa Mining Ltd · Seed Raised $3.8M · modeled $15.6M (est)Modern Mining Technology Corp. · Seed Raised $3.3M · modeled $13.2M (est)Only Gold Development Ltd Liability Co · Seed Raised $3.5M · modeled $12.9M (est)Rex Gold Partners, LLC · Seed Raised $3.5M · modeled $12.7M (est)Cornish Metals Inc. · Seed Raised $3.2M · modeled $12.6M (est)Newport Mining LLC · Seed Raised $3.0M · modeled $11.6M (est)Quartz Lake Mining, Inc · Seed Raised $3.0M · modeled $10.0M (est)Transatlantic Gold, Corp. · Seed Raised $2.5M · modeled $9.5M (est)Military Metal Art HoldCo, LLC · Seed Raised $3.1M · modeled $8.8M (est)Snowline Gold Corp. · Seed Raised $3.1M · modeled $8.5M (est)Northern Vertex Mining Corp. · Seed Raised $2.8M · modeled $7.9M (est)HighGold Mining Inc. (this company) Raised $12.5M · modeled $13.2M (est)HighGold Mining Inc.
CompanyStageRaised · realValue · estvs peer med.
Medusa Mining LtdSeed$3.8M$15.6M4.35×
HighGold Mining Inc. this companySeed$12.5M$13.2M3.69×
Modern Mining Technology Corp.Seed$3.3M$13.2M3.68×
Only Gold Development Ltd Liability CoSeed$3.5M$12.9M3.59×
Rex Gold Partners, LLCSeed$3.5M$12.7M3.55×
Cornish Metals Inc.Seed$3.2M$12.6M3.51×
Newport Mining LLCSeed$3.0M$11.6M3.24×
Quartz Lake Mining, IncSeed$3.0M$10.0M2.79×
Transatlantic Gold, Corp.Seed$2.5M$9.5M2.65×
Military Metal Art HoldCo, LLCSeed$3.1M$8.8M2.45×
Snowline Gold Corp.Seed$3.1M$8.5M2.38×
Northern Vertex Mining Corp.Seed$2.8M$7.9M2.19×
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$1.9M2019-09-19$9.4M$10.1M90%
Seed$3.9M2019-12-05$19.6M$21.1M90%
Seed$2.7M2020-07-28$13.7M$14.5M90%
Seed$4.0M2023-04-11$19.9M$13.2M90%
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$1.9M2019-09-19
    • First recorded raise — entered as Seed.
    • 65 investors on this round.
  2. Seed$3.9M2019-12-05
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Seed$2.7M2020-07-28
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Seed$4.0M2023-04-11
    • Raised again after 32 mo — slower than the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~14mo cadence
$5.8M
Modeled next size est.range $4.0M$9.3M
1.5×
Last step-up
$3.5M/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
Anne Labelle5 other2020-07
Michael Gray5 other2019-09
Aris Morfopoulos3 other2019-09
Darwin Green3 other2019-09
Devin Den Boer2023-04
Ian Cunningham-Dunlop2020-07
Lance Miller2019-09
Michael Cinnamond2019-09
Mike Cinnamond2020-07
Naomi Nemeth2020-07
Registry & provenance

HighGold Mining Inc. 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
1786894
SEC CIK
2019
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
Toro Silver Corp.Mining & ResourcesSeed$3.3M$2.8Mnetwork3 shared operators · same sector · same stage
Constantine Metal Resources Ltd.Mining & ResourcesSeed$3.5M$18.7Mnetwork2 shared operators · same sector · same stage
Carlin Gold CorpMining & ResourcesSeed$2.9M$801Knetwork1 shared operator · same sector · same stage
New Jersey Mining CoMining & ResourcesSeed$12.6M$3.0Msame sector · same stage
West Red Lake Gold Mines Ltd.Mining & ResourcesSeed$12.9M$5.9Msame sector · same stage
Bullfrog Gold Corp.Mining & ResourcesSeed$11.9M$16.9Msame sector · same stage
Silver X Mining Corp.Mining & ResourcesSeed$11.2M$4.4Msame sector · same stage
Winston Gold Corp.Mining & ResourcesSeed$11.0M$3.4Msame 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
Gold Bull Resources Corp.Mining & ResourcesPre-Seed$2.1M87%
NexGold Mining Corp.Mining & ResourcesSeed$3.3M86%
Pure Gold Mining Inc.Mining & ResourcesSeries A$19.3M86%
Golden Minerals CoMining & ResourcesSeries A$6.7M86%
Goldrich Mining CoMining & ResourcesSeed$648K85%
Orestone Mining Corp.Mining & ResourcesPre-Seed$325K85%
Fremont Gold Ltd.Mining & ResourcesPre-Seed$366K85%
Red Metals, Inc.Mining & ResourcesSeries A$23.7M85%
Frequently asked
How much funding has HighGold Mining Inc. raised?
HighGold Mining Inc. has raised approximately $12.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is HighGold Mining Inc.'s estimated valuation?
Provath's modeled valuation for HighGold Mining Inc. is approximately $13.2M (modeled range $3.4M–$49.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is HighGold Mining Inc. at?
HighGold Mining Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Apr 11.
What does HighGold Mining Inc. do and where is it based?
HighGold Mining Inc. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

Is this your company?

If you work at HighGold Mining Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.