# Westhaven Gold Corp. (TSXV:WHN)

> Westhaven is a gold-focused exploration and development company targeting high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in southern British Columbia.

## About

Westhaven is a gold-focused exploration and development company targeting high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls over 615 square kilometres within four gold properties, including the advanced Shovelnose Gold Project. A 2025 Preliminary Economic Assessment validates the potential of Shovelnose as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and an after-tax Cdn$454 million NPV6% and 43.2% IRR. Projected low initial capital costs of Cdn$184 million, with a payback period of 2.1 years, benefit from the project’s location immediately adjacent to major transportation and power infrastructure and within commuting distance from the city of Merritt. Ongoing exploration has the potential to expand gold resources at Shovelnose and for new discoveries within the belt at Prospect Valley, Skoonka and Skoonka North.

## Key facts

- **Cash position:** $3,447,076
- **Shares outstanding:** 224508635
- **Fully diluted shares:** 109,629,966
- **Warrants:** 16941376
- **Options:** 2292637
- **Mineral resource:** The Shovelnose Gold Property hosts a low sulphidation epithermal gold-silver deposit. The Initial Mineral Resource Estimate has been prepared according to CIM Definition Standards-For Mineral Resources and Mineral Reserves (2014) and CIM Best Practices Guidelines (2019). The property is centered at approximately latitude 49°51’25” N and Longitude 120°48’25” W, covering approximately 17,624.77 ha. The mineral claims are currently 100% owned by Westhaven, subject to a 2.0 % net smelter return royalty. The property has a robust, low-cost and high-margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).
- **Projects:** ["Westhaven Gold Corp. is pleased to report the start of drilling at the Company's Shovelnose gold and silver Project in the Spences Bridge Gold Belt of southern British Columbia. The drilling announced today is expected to be the start of an approximately CDN$20 million, 50,000 metre program of resource definition and exploration drilling planned for Shovelnose in 2026. The Shovelnose gold project is the most advanced property, with a recently updated 2025 Preliminary Economic Assessment that validates the project’s potential as a robust, low-cost and high-margin 11-year underground gold mining opportunity."]
- **Leadership:** Ken Armstrong (President & CEO), Patrick F.N. Anderson (Independent Director, Entrepreneur and business executive with over 30 years’ experience in the global mineral resource sector. He has held key roles across gold, base metals, and diamond projects for junior explorers, major producers, and consulting firms in North and South America and Europe.), Eira Thomas (Chairperson, Not discovered), Robin Hopkins (Vice President, Exploration, Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects), Kaeli Gattens (Vice President Communications, Not discovered)

_Verified data last updated: 2026-06-12_

## Recent filings

- 2026-05-27 — financials — [whn_2026-05-26_21-03-07.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/52657?documentId=52657)
- 2026-05-27 — mda — [whn_2026-05-26_20-59-36.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/52658?documentId=52658)
- 2026-05-27 — financials — [whn_2026-05-26_20-57-06.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/52656?documentId=52656)
- 2026-05-26 — press_release — [whn_2026-05-26_06-12-26.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/52463?documentId=52463)
- 2026-05-19 — other — [whn_2026-05-19_17-18-04.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/51351?documentId=51351)
- 2026-05-19 — other — [whn_2026-05-19_17-17-34.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/51348?documentId=51348)
- 2026-05-19 — proxy — [whn_2026-05-19_17-17-03.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/51349?documentId=51349)
- 2026-05-19 — proxy — [whn_2026-05-19_17-16-31.pdf](https://ai-chat-dev-red.vercel.app/wthvf/preview/51350?documentId=51350)

## Investor FAQ

### [Latest news?](https://ai-chat-dev-red.vercel.app/wthvf/faq/latest-news)

Westhaven Gold Corp. announced the start of drilling at the Shovelnose gold and silver Project in the Spences Bridge Gold Belt of southern British Columbia. This drilling is part of an approximately CDN$20 million, 50,000 metre program planned for 2026.

### [Upcoming catalysts?](https://ai-chat-dev-red.vercel.app/wthvf/faq/upcoming-catalysts)

Westhaven is set to conduct a 50,000 metre drill program at the Shovelnose project in 2026, which is expected to enhance resource definition and exploration. Additionally, the strategic earn-in agreement with Dundee Corporation may lead to significant project expenditures and accelerated exploration.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/wthvf/chat
- Investor website: https://www.westhavengold.com/