Companies · Mining & Resources

San Cristobal Mining Inc.

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

Diligence memoA one-page analyst read on San Cristobal Mining Inc. — recommendation, valuation, rhythm, risks.
$17.2M
Total raised · real
2
Rounds
1.6×
Latest step-up
Top 13%
Sector rank · raised
Series A
Latest stage · inferred · Thu Feb 20 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

San Cristobal Mining Inc. looks over-valued against its niche peers and is quiet 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 2.34× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era.
Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector 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

San Cristobal Mining Inc. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and among the largest 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
14
Investors (latest)
2022
Year incorporated
2025-02-20
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$50MSeries A · 2022-10-12 Raised $6.7M (real) Modeled valuation $23M (est)$6.7M$23MSeries A2022Series A · 2025-02-20 Raised $11M (real) Modeled valuation $29M (est)$11M$29MSeries A2025+$11MCumulative $17M

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
Series A$6.7M · 2022
Series A extension$10.5M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$28.8M
Base estimate est.
$13.7M
Conservative case
$53.6M
Upside case
$47.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Series A · modeled $23.1M · 2022-10-122022Series A · modeled $28.8M · 2025-02-202025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
1.4 yr
Elapsed time used
1.4 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$7.3M/yr
Capital velocity
3.7 yr
On record since
2022
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) 7.5× above median
This company$17.2M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.5× above median
This company$10.5M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$28.8M
Sector median$2.5M

Raised more than 88% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 40.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Fortitude Gold Corp · Series A Raised $12.5M · modeled $29.6M (est)Torngat Metals Ltd · Series A Raised $21.9M · modeled $27.1M (est)Rua Gold Inc. · Series A Raised $16.4M · modeled $25.0M (est)Red Metals, Inc. · Series A Raised $9.6M · modeled $23.7M (est)West Point Gold Corp. · Series A Raised $9.2M · modeled $21.3M (est)McFarlane Lake Mining Ltd · Series A Raised $7.9M · modeled $19.2M (est)Evolution Metals LLC · Series A Raised $7.2M · modeled $19.0M (est)Silverco Mining Ltd. · Series A Raised $7.7M · modeled $19.0M (est)Miedzi Copper Corp. · Series A Raised $10.7M · modeled $19.0M (est)Rise Gold Corp. · Series A Raised $20.9M · modeled $17.0M (est)TDG Gold Corp. · Series A Raised $6.6M · modeled $16.4M (est)San Cristobal Mining Inc. (this company) Raised $17.2M · modeled $28.8M (est)San Cristobal Mining Inc.
CompanyStageRaised · realValue · estvs peer med.
Fortitude Gold CorpSeries A$12.5M$29.6M2.41×
San Cristobal Mining Inc. this companySeries A$17.2M$28.8M2.34×
Torngat Metals LtdSeries A$21.9M$27.1M2.20×
Rua Gold Inc.Series A$16.4M$25.0M2.03×
Red Metals, Inc.Series A$9.6M$23.7M1.93×
West Point Gold Corp.Series A$9.2M$21.3M1.73×
McFarlane Lake Mining LtdSeries A$7.9M$19.2M1.56×
Evolution Metals LLCSeries A$7.2M$19.0M1.54×
Silverco Mining Ltd.Series A$7.7M$19.0M1.54×
Miedzi Copper Corp.Series A$10.7M$19.0M1.54×
Rise Gold Corp.Series A$20.9M$17.0M1.38×
TDG Gold Corp.Series A$6.6M$16.4M1.33×
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.
Series A$6.7M2022-10-12$30.3M$23.1M90%
Series A$10.5M2025-02-20$47.9M$28.8M90%
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. Series A$6.7M2022-10-12
    • First recorded raise — entered as Series A.
    • 12 investors on this round.
  2. Series A$10.5M2025-02-20
    • Raised again after 28 mo — slower than the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 14 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~28mo cadence
$16.7M
Modeled next size est.range $10.9M$26.7M
1.6×
Last step-up
$7.3M/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
Quinton Hennigh9 other2022-10
Leah Hodges3 other2025-02
Tyson King2 other2022-10
Gordon King1 other2022-10
Registry & provenance

San Cristobal 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
1947196
SEC CIK
2022
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
Kuya Silver Corp./BCMining & ResourcesSeed$3.0M$2.9Mnetwork3 shared operators · same sector
Pikes Peak Gold Ltd.Mining & ResourcesPre-Seed$265K$279Knetwork2 shared operators · same sector
Uranium Royalty Corp.Mining & ResourcesSeries A$17.0M$32.8Msame sector · same stage
Rua Gold Inc.Mining & ResourcesSeries A$16.4M$25.0Msame sector · same stage
RTG Mining Inc.Mining & ResourcesSeries A$18.3M$6.1Msame sector · same stage
Probe Metals Inc.Mining & ResourcesSeries A$18.3M$15.8Msame sector · same stage
Pecoy Copper Corp.Mining & ResourcesSeries A$16.1M$8.8Msame sector · same stage
Guanajuato Silver Co LtdMining & ResourcesSeries A$16.0M$3.1Msame 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
Cerro Mining Corp.Mining & ResourcesSeries A$23.5M84%
Craton Minerals Ltd.Mining & ResourcesPre-Seed$3.9M82%
Calibre Mining Corp.Mining & ResourcesSeries B$57.2M81%
MCC Mining CorpMining & ResourcesSeries B$64.0M80%
Sanu Gold Corp.Mining & ResourcesPre-Seed$1.3M80%
Candelaria Mining Corp.Mining & ResourcesSeed$1.4M80%
Volcanic Gold Mines Inc.Mining & ResourcesPre-Seed$962K79%
American Pacific Mining CorpMining & ResourcesSeed$10.1M79%
Frequently asked
How much funding has San Cristobal Mining Inc. raised?
San Cristobal Mining Inc. has raised approximately $17.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is San Cristobal Mining Inc.'s estimated valuation?
Provath's modeled valuation for San Cristobal Mining Inc. is approximately $28.8M (modeled range $13.7M–$53.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is San Cristobal Mining Inc. at?
San Cristobal Mining Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Feb 20.
What does San Cristobal Mining Inc. do and where is it based?
San Cristobal Mining Inc. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

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