Geomechanics.io

  • Free Tools
Sign UpLog In
AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy

Geomechanics.io

Geomechanics, Simplified.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects

    First Nordic Metals to Goldsky Resources: project and capex lens for mine planners

    December 22, 2025|

    Reviewed by Tom Sullivan

    First Nordic Metals to Goldsky Resources: project and capex lens for mine planners

    First reported on MINING.com

    30 Second Briefing

    First Nordic Metals has rebranded as Goldsky Resources Corp., with its shares to begin trading on 24 December on the TSX Venture Exchange under the new ticker GSKR following the acquisition of Mawson Finland. Agnico Eagle Mines retains a 13% stake after investing C$8.2 million last year to advance the Oijärvi gold project in Finland, which Agnico previously owned. The enlarged company’s portfolio is anchored by the Barsele Project joint venture, described as one of the Nordic region’s largest undeveloped gold projects, and now carries a market capitalisation of about C$155 million.

    Technical Brief

    • Agnico Eagle’s 13% equity position provides a strategic technical partner with prior ownership knowledge of Oijärvi.
    • The C$8.2 million Agnico financing is explicitly earmarked for advancing an existing Finnish gold project, not greenfields.
    • Acquisition of Mawson Finland consolidates control of Nordic gold assets under a single listed vehicle.
    • Board refresh adds Peter Breese as chair and Darren Morcombe as special adviser, signalling experienced project-build oversight.
    • Management is explicitly targeting “responsibly focused” development in a low‑risk jurisdiction, favourable for long‑life mine approvals.

    Our Take

    With a C$155.1 million market capitalisation, Goldsky Resources sits in the mid-tier of TSX Venture gold names in our database, which typically need a clear growth or de-risking narrative to maintain investor attention once early re-rating from strategic investors like Agnico Eagle Mines has occurred.

    The C$8.2 million Agnico Eagle investment tied to the Oijärvi Gold project suggests a technical validation step that, in other Nordic gold entries in our coverage, often precedes more intensive joint technical work on resource expansion and permitting rather than immediate large-scale development.

    Among the 421 Mining stories in our database, Nordic-focused gold and silver projects such as Oijärvi and Barsele tend to face longer lead times on environmental and social approvals, which may influence how Goldsky sequences capital deployment versus exploration newsflow to sustain that recent 6.7% share price move.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Mining
    about 16 hours ago

    Tapojärvi at Sotkamo Silver mine: continuity and risk notes for production engineers

    Tapojärvi has restarted as main mining contractor at Sotkamo Silver’s underground silver mine in Finland, resuming a role it previously held from 2018 to 2023 under a new agreement signed in June 2025. The contract covers full-scale production mining services, including drilling, blasting, loading and haulage in a familiar orebody and infrastructure, allowing rapid ramp-up using existing site knowledge and established operating procedures. For geotechnical and production engineers, continuity in contractor, ground control methods and equipment fleet should reduce interface risk and support stable output planning.

    STRACON’s Los Bronces tailings dam contract: lifecycle model insights for engineers
    Mining
    about 23 hours ago

    STRACON’s Los Bronces tailings dam contract: lifecycle model insights for engineers

    STRACON has secured an integrated engineering, construction, financing and long-term operations and maintenance contract for the Pérez Caldera Tailings Dam at Anglo American Sur’s Los Bronces copper operation in Chile’s Lo Barnechea district. The scope combines dam design and build with funding and multi-year O&M, signalling a bundled delivery model for critical tailings infrastructure rather than separate EPC and operator contracts. For geotechnical and tailings engineers, this points to growing demand for contractors capable of lifecycle stewardship under Chile’s stringent post-Brumadinho regulatory environment.

    Metso’s third orders for Almalyk copper smelter: design and ramp-up notes for engineers
    Mining
    2 days ago

    Metso’s third orders for Almalyk copper smelter: design and ramp-up notes for engineers

    Metso has booked the third tranche of orders for JSC Almalyk Mining and Metallurgical Complex’s copper smelter project in Uzbekistan, following equipment and project services contracts announced on 9 August 2024. The first two tranches, totalling €146 million, were booked in Q4 2024, with the latest booking covering additional core process equipment and associated services for the greenfield smelter complex. The staged order intake signals a multi-phase build-out where process design, commissioning support and long-lead items will be critical for throughput, energy performance and sulphur capture compliance.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.