Companies · Mining & Resources

Lumina Gold Corp.

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

Diligence memoA one-page analyst read on Lumina Gold Corp. — recommendation, valuation, rhythm, risks.
$4.7M
Total raised · real
6
Rounds
1.9×
Latest step-up
Top 32%
Sector rank · raised
Seed
Latest stage · inferred · Wed Oct 06 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Lumina 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 0.67× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.7 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

Lumina Gold Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 69% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
8
Investors (latest)
2021-10-06
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 · 2016-12-13 Raised $186K (real) Modeled valuation $1.2M (est)$186K$1.2MPre-Seed2016Seed · 2017-11-29 Raised $2.2M (real) Modeled valuation $12M (est)$2.2M$12MSeed2017Seed · 2018-07-26 Raised $820K (real) Modeled valuation $4.4M (est)$820K$4.4MSeed2018Seed · 2018-11-27 Raised $173K (real) Modeled valuation $931K (est)$173K$931KSeed2018Seed · 2019-12-18 Raised $454K (real) Modeled valuation $2.4M (est)$454K$2.4MSeed2019Seed · 2021-10-06 Raised $853K (real) Modeled valuation $3.7M (est)$853K$3.7MSeed2021+$2.2M+$820K+$173K+$454K+$853KCumulative $4.7M

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$186K · 2016
Seed$2.2M · 2017
Seed extension$820K · 2018
Seed extension$173K · 2018
Seed extension$454K · 2019
Seed extension$853K · 2021

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

Modeled valuation trajectory
$3.7M
Base estimate est.
$729K
Conservative case
$20.5M
Upside case
$4.3M
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.

Pre-Seed · modeled $1.2M · 2016-12-132016Seed · modeled $12.0M · 2017-11-29Seed · modeled $4.4M · 2018-07-26Seed · modeled $931K · 2018-11-27Seed · modeled $2.4M · 2019-12-18Seed · modeled $3.7M · 2021-10-062021
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
4.7 yr
Elapsed time used
4.7 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$979K/yr
Capital velocity
9.6 yr
On record since
2016
First round
6
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) 2.1× above median
This company$4.7M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.8× of median
This company$853K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$3.7M
Sector median$2.5M

Raised more than 69% of sector peers (real $). Modeled value above 59% 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 #32 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)Lumina Gold Corp. (this company) Raised $4.7M · modeled $3.7M (est)Lumina 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×
Lumina Gold Corp. this companySeed$4.7M$3.7M0.67×
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$186K2016-12-13$1.0M$1.2M90%
Seed$2.2M2017-11-29$11.1M$12.0M90%
Seed$820K2018-07-26$4.1M$4.4M90%
Seed$173K2018-11-27$867K$931K90%
Seed$454K2019-12-18$2.3M$2.4M90%
Seed$853K2021-10-06$4.3M$3.7M90%
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$186K2016-12-13
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$2.2M2017-11-29
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 12.0× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Seed$820K2018-07-26
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Seed$173K2018-11-27
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Seed$454K2019-12-18
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 4 investors on this round.
  6. Seed$853K2021-10-06
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 8 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~12mo cadence
$1.6M
Modeled next size est.range $1.0M$2.6M
1.9×
Last step-up
$979K/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
Leo Hathaway3 other2021-10
Lyle Braaten3 other2016-12
Marshall Koval3 other2016-12
Donald Shumka2 other2016-12
John Youle2 other2021-10
Martin Rip2 other2017-11
Scott Hicks2 other2021-10
Stephen Stow2 other2017-11
Diego Benalcazar1 other2021-10
Heye Daun1 other2017-11
Diego W.C. Benalcazar2016-12
Heye W.C. Daun2016-12
John W.C. Youle2016-12
Leo W.C. Hathaway2016-12
Martin W.C. Rip2016-12
Michael Steinmann2016-12
Stephen W.C. Stow2016-12
Registry & provenance

Lumina 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
1693232
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
Luminex Resources Corp.OtherSeed$5.5M$5.2Mnetwork8 shared operators · same stage
Anfield Gold Corp.OtherSeries B$21.9M$46.8Mnetwork5 shared operators
Atacama Copper CorpMining & ResourcesSeed$3.2M$4.0Mnetwork1 shared operator · same sector · same stage
Scorpio Gold CorpMining & ResourcesSeed$3.1M$317Knetwork1 shared operator · same sector · same stage
Amarillo Gold Corp.Mining & ResourcesSeed$7.3M$3.5Mnetwork1 shared operator · same sector · same stage
Equinox Gold Corp.Mining & ResourcesSeries A$4.6M$19.9Mnetwork1 shared operator · same sector
Koryx Copper Inc.Mining & ResourcesSeed$1.4M$2.5Mnetwork1 shared operator · same sector · same stage
Diamcor Mining Inc.Mining & ResourcesSeed$4.7M$1.5Msame 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
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M84%
Sabina Gold & Silver Corp.Mining & ResourcesSeries C$1.7M84%
MAS Gold Corp.Mining & ResourcesSeed$4.9M84%
Luminex Resources Corp.OtherSeed$5.2M84%
White Gold Corp.Mining & ResourcesSeed$5.0M83%
Lavras Gold Corp.Mining & ResourcesSeed$6.2M83%
Lode Metals Corp.Mining & ResourcesPre-Seed$815K83%
Eclipse Gold Mining CorpMining & ResourcesSeries A$3.5M83%
Frequently asked
How much funding has Lumina Gold Corp. raised?
Lumina Gold Corp. has raised approximately $4.7M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Lumina Gold Corp.'s estimated valuation?
Provath's modeled valuation for Lumina Gold Corp. is approximately $3.7M (modeled range $729K–$20.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lumina Gold Corp. at?
Lumina Gold Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Oct 06.
What does Lumina Gold Corp. do and where is it based?
Lumina Gold Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where Lumina 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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