Prospector Metals Surged 700% From 12 Cents and Now Comes the Real Test

Rob Carpenter, geologist, CEO of Prospector Metals and veteran gold explorer involved with major discoveries including the Coffee Project, joins me on site at the company's ML Project in Yukon.

👉 Gold Newsletter: https://prospectormetalscorp.com

In this episode, Rob takes me inside Prospector Metals' aggressive 2026 exploration campaign, where three drills are working toward a 20,000-metre target under a roughly C$15 million program. We discuss the company's approximately 170 million shares outstanding, C$0.96 share price on August 27, C$36 million treasury, expected C$25–30 million year-end cash position, and surprisingly efficient all-in drilling cost of roughly C$600 per metre despite helicopter-supported operations.

I also dig into what could determine the next chapter for Prospector Metals and PPP shareholders. Rob explains why continuity and grade remain the biggest unanswered questions at the structurally controlled high-grade gold system, while every 2026 hole is effectively a step-out designed to increase its footprint. We discuss delayed assays, the Tess prospect, Skarn Ridge, the 15-kilometre project-scale opportunity and the financial runway to keep exploring even if Tess disappoints. Rob also explains the shareholder structure, including B2Gold's 19.9% position, Alpayana's 9.9% stake and his own roughly 5% ownership. Finally, we explore his background at Hope Bay and Meliadine and the Coffee Project, which he says grew to roughly five million ounces within three years of the first hole.

Key Insights In This Episode

✅ Prospector Metals is executing a C$15M, 20,000-metre Yukon drilling campaign with three active drills.

✅ The company held roughly C$36M cash and expects C$25–30M remaining at the end of 2026.

✅ B2Gold owns 19.9% and Alpayana owns 9.9%, providing major strategic and technical shareholder backing.

✅ High-grade gold continuity and grade are the key geological questions the 2026 step-out drilling aims to answer.

✅ Delayed laboratory turnaround means a steady stream of drill assays could continue through approximately Christmas.

✅ Rob Carpenter sees geological similarities in structural geometry between ML and the Coffee Project, which grew to roughly five million ounces.

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