FenixOro Gold (CSE: FENX) is a small Colombian gold explorer whose Abriaquí project lies about 15 km west of Zijin’s Buriticá mine in Antioquia. FenixOro Gold stock has been under a cease trade order since 2023, and a proposed share-based purchase of the nearby El Porvenir mine cannot close until that order is lifted.
FenixOro Gold at a glance
| Project | Department | Commodity | Stage | Ownership |
|---|---|---|---|---|
| Abriaquí | Antioquia | gold, silver | exploration (drilled; no resource) | 100% (per company; title details not verified) |
| El Porvenir (pending acquisition) | Antioquia | gold | small-scale permitted mine (pending acquisition) | 0% today; agreement to acquire 70%, then 100%, for shares |
| Escondida | Antioquia | gold | small artisanal-scale producing mine (status since 2023 unverified) | Acquisition agreed Dec 2022 (current status not confirmed) |
| Trading status | Suspended on the CSE; cease trade order in place since Sept 2023 (CIRO halt, Sept 7, 2023) |
| Share price / market cap | US$0.045 last OTC price at Oct 26, 2026, with no recent trading; about US$4.9 million market cap (StockTitan). Refresh at publication |
| Shares outstanding | 108,285,528 issued, plus 9,128,546 reserved for issuance (CSE listing page, viewed Nov 2026) |
| Cash | Not disclosed in sources reviewed (no current financial statements found) |
| Pending deal | El Porvenir mine: ~39M shares for 70%, then 16M shares for the remaining 30% (definitive agreement, May 22, 2025) |
| Resources | No NI 43-101 resource; El Porvenir’s ~80,000 oz is a non-compliant channel-sampling figure |
About FenixOro Gold
FenixOro Gold is a Toronto-based junior exploring for high-grade, vein-hosted gold in Colombia. Its flagship is Abriaquí, at the northern end of the Mid-Cauca gold belt in Antioquia and about 15 km west of the Buriticá mine (formerly Continental Gold, now owned by Zijin). VP Exploration Stuart Moller led the Buriticá discovery team for Continental Gold from 2007 to 2011.
The company has drilled about 12,000 m on the northern block at Abriaquí but has no NI 43-101 resource. In December 2022 it agreed to buy the small Escondida mine in Cáceres, northeast Antioquia, hoping its cash flow would fund exploration. In May 2025 it signed a definitive agreement to buy the El Porvenir mine and plant, about 3 km northwest of Abriaquí, for shares.
The main issue for investors is corporate, not geological. A management cease trade order in mid-2023 was followed by a full cease trade order and a trading halt in September 2023, after annual filings were delayed. The CSE lists the shares as suspended. The company has said it is seeking financing and working to resume trading. No company news release from 2026 was found.
FenixOro Gold’s Colombian projects
Abriaquí
Abriaquí sits in the Mid-Cauca belt about 15 km west of Buriticá, and a December 2019 NI 43-101 technical report noted geology very similar to Buriticá’s. The target is a swarm of more than 80 high-grade, mesothermal quartz veins exposed over about 800 vertical metres. Mesothermal veins form at moderate depth and temperature. Many surface samples assayed above 20 g/t gold, with lower-grade stockwork (a mesh of small veins) between them. In August 2020, the company added 848 ha of adjacent claims.
FenixOro received environmental authorization to drill in September 2020 and ran Phase 1 and Phase 2 programs from 2021 to 2022. It reported vein discoveries, including one in June 2022 averaging 39 g/t gold and 254 g/t silver along 100 m of strike. The company says about 12,000 m have been drilled on the northern block, which has a potential resource model. The roughly 3 km between that block and El Porvenir is largely undrilled.
Resources: No mineral resource yet.
El Porvenir (pending acquisition)
El Porvenir is about 3 km northwest of the Abriaquí boundary, and the company calls it the district’s largest historic producer. It has about 1,500 m of underground development on four levels down to about 280 m depth, but has never been drilled. FenixOro says it is permitted for exploitation, with an on-site plant that can expand to 60 t/d and reported average production of 13 g/t gold. A 35-ha parcel on a 525-ha title to the northwest was in final permitting for a 300 t/d plant, which the company expected in 2025.
Under the May 22, 2025 agreement, FenixOro would issue about 39 million shares for 70% and 16 million more for the remaining 30%. No seller would hold more than 9.9%. Closing depends on due diligence, permit confirmation, an NI 43-101 report on El Porvenir, lifting of the cease trade order, Colombian government approvals and CSE approval. Combined with Abriaquí, the land package would total almost 2,000 ha.
Resources: No NI 43-101 resource. Company cites ~80,000 oz gold on the main vein from channel sampling (historical/non-compliant; not to be relied on).
Escondida
Escondida is a 1,050-ha concession in Cáceres, about 150 km north of Medellín. When FenixOro agreed to buy it in December 2022, mine records showed about 1,000 oz of gold a year at about 10 g/t from a single working face. The terms were US$150,000 upfront plus up to US$2.85 million from mine cash flow over three years, and FenixOro could terminate the deal.
No later update on Escondida was found.
Resources: No mineral resource (no drilling; no historical or NI 43-101 resource).
Latest FenixOro Gold news
- May 22, 2025: Signed a definitive agreement to acquire the El Porvenir mine, its plant and nearby land for about 55 million shares in two phases. Closing depends on lifting the cease trade order and other approvals. (FenixOro Signs Definitive Agreement for Porvenir Mine and Permitted Facility (Junior Mining Network))
- Sep 7, 2023: CIRO halted trading in FENX, citing a cease trade order. (Canadian Investment Regulatory Organization Trading Halt: FENX (Stockhouse))
- Jul 5, 2023: The BCSC granted a management cease trade order after the company delayed its annual filings for the year ended Feb 28, 2023, citing the departure of accounting staff in Colombia. (FenixOro Announces Extension for Year End Financial Statements and MCTO (EIN Presswire))
- Dec 13, 2022: Agreed to acquire the small Escondida gold mine in Cáceres, Antioquia, to generate cash for Abriaquí exploration. (FenixOro Acquires Fully Permitted High-Grade Gold Mine in Antioquia (Mining Stock Education))
Upcoming catalysts
- Filing of outstanding financial statements and revocation of the cease trade order, followed by reinstatement of trading on the CSE (no timeline given)
- New financing (company says it is seeking funds; no terms announced)
- NI 43-101 technical report on El Porvenir and closing of Phase 1 (70%) of the acquisition
- Permit for the planned 300 t/d plant near El Porvenir (company had expected it in 2025)
Management
- John Carlesso, CEO and Director. Also named interim CFO in June 2023
- Stuart Moller, VP Exploration and Director. QP; led Buriticá discovery team at Continental Gold (2007–2011)
- Keith Mintz, Director
- Leonardo Riera, Director
Key risks for FenixOro Gold stock
- Shares are cease traded and suspended on the CSE; investors cannot trade on the CSE until filings are brought current and the order is revoked
- No current financial statements, so cash, liabilities and going-concern status are unknown (an auditor going-concern doubt was reported earlier)
- The El Porvenir deal is conditional and would issue about 55M shares, roughly half the current share count
- No NI 43-101 resource at Abriaquí or El Porvenir; quoted grades and ounces come from sampling and mine records
- Small-scale mining in Antioquia carries permitting, informal-mining and security risks
Sources
- FenixOro Signs Definitive Agreement for Porvenir Mine and Permitted Facility (Junior Mining Network) (May 22, 2025)
- StockTitan: FenixOro acquires high-grade gold mine with permitted 300-tonne facility (May 22, 2025)
- StockTitan: FDVXF overview (price, market cap, shares) (Oct 26, 2026)
- CSE listing page: FenixOro Gold Corp. (Nov 4, 2026)
- MarketScreener: FenixOro Gold company profile (board and management) (Nov 4, 2026)
- Stockhouse: CIRO trading halt, FENX (Sep 7, 2023)
- EIN Presswire: FenixOro announces extension for year-end financial statements and MCTO (Jul 5, 2023)
- Mining Stock Education: FenixOro acquires fully permitted high-grade gold mine (Escondida) (Dec 13, 2022)
- Newsfile: FenixOro Nearly Triples Land Package at Abriaqui (Aug 25, 2020)
- Newsfile: FenixOro Gold Corp. release list (Nov 4, 2026)
- Investing News Network: FenixOro Gold company page (Jan 5, 2026)
Related: Colombian stocks · Companies & Projects tracker · Colombian exploration companies
Educational information only, not investment advice. Figures are from the sources listed and dated; check the company’s latest filings before relying on them. See our Disclosure & Editorial Policy.