Probe Gold Inc., a company specializing in precious metal exploration, has been a focal point in the mining sector due to its ongoing acquisition discussions. As of the latest reports dated 31 October 2025, Fresnillo, a prominent player in the mining industry, has expressed its intent to acquire Probe Gold Inc. This development has kept the company in the news spotlight, particularly given its recent trading activities.
Probe Gold Inc. is listed on the Toronto Stock Exchange and operates within the Metals & Mining industry, focusing on gold projects and mining operations in Canada. The company’s financial metrics reveal a complex picture. As of 11 December 2025, the close price of its shares was 3.67 CAD. Over the past year, the share price has experienced moderate volatility, with a 52-week low of 1.58 CAD on 23 December 2024 and a 52-week high of 3.78 CAD on 9 November 2025.
Financially, Probe Gold Inc. trades at a price-to-earnings ratio of -30.37, indicating that the company is currently operating at a loss. Despite this, the price-to-book ratio stands at 21.0811, suggesting that the market values the company significantly above its book value. This discrepancy highlights the market’s perception of Probe Gold Inc.’s potential value, particularly in light of the pending acquisition by Fresnillo.
With a market capitalization of 748.68 million CAD, Probe Gold Inc. remains a notable entity within the sector. The acquisition interest from Fresnillo underscores the strategic importance of Probe Gold Inc.’s assets and operations, despite its current financial challenges. As the acquisition process unfolds, stakeholders will be closely monitoring the implications for both Probe Gold Inc. and Fresnillo, as well as the broader mining industry.
