Reports
The Gold Review
December 2021Track the flow of gold mining capital with our exclusive monthly review, including:
- Top financings by equity and debt
- Top financings with warrants attached
- Summary of brokered vs non-brokered deals
- Leading gold mining districts
- Use of proceeds
- ...and more!
Summary
A strengthened US dollar offset runaway inflation in December, erasing gains in the price of gold from November. We closed out the year with gold about 5% down from the end of 2020, propelled by crypto frenzy and market forces. But we believe that with Omicron driving a wedge into recovery efforts, and inflation showing little signs of truly slowing down, the long-term outlook for gold remains strong.
Once again, our sponsor for this month is Gold Royalty Corp. (NYSE: GROY). GROY offers ideal exposure to gold, minimizing the risks inherent to the industry while maximizing leverage to fluctuations in gold prices. As always, this isn't investment advice, but GROY is certainly at least worthy of your investigation.
Total Raised by Month (12 Month Period)
$10,531,578,156
$1,778,318,706
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
---|---|---|---|---|---|---|
Dec 20, 2021 | Newmont Corp | NGT | 1,000,000 | $1,000.00 | $1,000,000,000.00 | BMO Capital Markets |
Dec 9, 2021 | Benchmark Metals Inc | BNCH | 18,216,000 | $1.42 | $25,866,720.00 | PI Financial |
Dec 21, 2021 | Rhyolite Resources Ltd | RYE | 16,000,000 | $0.88 | $14,080,000.00 | BMO Capital Markets |
Dec 24, 2021 | RTG Mining Inc | RTG | 156,277,779 | $0.09 | $14,065,000.11 | Euroz Hartleys |
Dec 9, 2021 | Benchmark Metals Inc | BNCH | 12,000,000 | $1.00 | $12,000,000.00 | PI Financial |
Top 5 Non-Brokered Financings ($CAD)
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
---|---|---|---|---|---|---|
Dec 8, 2021 | Ivanhoe Mines Ltd | IVN | 200,000 | $1,000.00 | $253,888,400.00 | Non-brokered |
Dec 14, 2021 | i-80 Gold Corp | IAU | 50,000 | $1,000.00 | $50,000,000.00 | Non-brokered |
Dec 14, 2021 | i-80 Gold Corp | IAU | 45,000 | $1,000.00 | $45,000,000.00 | Non-brokered |
Dec 24, 2021 | Skeena Resources Ltd | SKE | 1,471,739 | $21.00 | $30,906,519.00 | Non-brokered |
Dec 23, 2021 | Orvana Minerals Corp | ORV | 15,000 | $1,000.00 | $21,844,890.00 | Non-brokered |
Top Financings by Region ($CAD)
Top 5 Leading Investors ($CAD)
Top Exercised Warrants in the Money
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Dec 20, 2021 | Probe Metals Inc | PRB | 5,376,249 | $1.30 | $6,989,123.70 |
Dec 17, 2021 | Amex Exploration Inc | AMX | 3,115,000 | $2.10 | $6,541,500.00 |
TSX Top Equity
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Dec 24, 2021 | Skeena Resources Ltd | SKE | 1,471,739 | $21.00 | $30,906,519.00 |
Dec 24, 2021 | RTG Mining Inc | RTG | 156,277,779 | $0.09 | $14,065,000.11 |
Dec 9, 2021 | Mawson Resources Ltd | MAW | 36,667,000 | $0.15 | $5,500,050.00 |
Dec 6, 2021 | Solitario Zinc Corp | SLR | 3,100,000 | $0.50 | $1,550,000.00 |
Dec 9, 2021 | Yorbeau Resources Inc | YRB.A | 13,333,340 | $0.05 | $666,667.00 |
Dec 9, 2021 | Yorbeau Resources Inc | YRB.A | 13,333,340 | $0.04 | $533,333.60 |
Dec 31, 2021 | Canagold Resources Ltd | CCM | 560,000 | $0.50 | $280,000.00 |
TSX Top Warrant
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
---|---|---|---|---|---|---|---|---|
Dec 3, 2021 | Sulliden Mining Capital Inc | SMC | 22,222,219 | $0.14 | $2,999,999.57 | 22,222,219 | $0.25 | Dec 3, 2026 |
TSX Top Debt
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Dec 20, 2021 | Newmont Corp | NGT | 1,000,000 | $1,000.00 | $1,000,000,000.00 |
Dec 8, 2021 | Ivanhoe Mines Ltd | IVN | 200,000 | $1,000.00 | $253,888,400.00 |
Dec 14, 2021 | i-80 Gold Corp | IAU | 50,000 | $1,000.00 | $50,000,000.00 |
Dec 14, 2021 | i-80 Gold Corp | IAU | 45,000 | $1,000.00 | $45,000,000.00 |
Dec 23, 2021 | Orvana Minerals Corp | ORV | 15,000 | $1,000.00 | $21,844,890.00 |
Dec 14, 2021 | i-80 Gold Corp | IAU | 10,000 | $1,000.00 | $10,000,000.00 |
TSXV Top Equity
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Dec 21, 2021 | Rhyolite Resources Ltd | RYE | 16,000,000 | $0.88 | $14,080,000.00 |
Dec 9, 2021 | Maple Gold Mines Ltd | MGM | 13,020,000 | $0.54 | $7,030,800.00 |
Dec 17, 2021 | Puma Exploration Inc | PUMA | 10,000,000 | $0.50 | $5,000,000.00 |
Dec 30, 2021 | 1911 Gold Corp | AUMB | 14,500,000 | $0.32 | $4,640,000.00 |
Dec 13, 2021 | Mayfair Gold Corp | MFG | 4,000,000 | $1.16 | $4,640,000.00 |
Dec 22, 2021 | White Gold Corp | WGO | 5,443,750 | $0.80 | $4,355,000.00 |
Dec 13, 2021 | Radisson Mining Resources Inc | RDS | 10,819,629 | $0.35 | $3,786,870.15 |
Dec 22, 2021 | Orford Mining Corp | ORM | 15,190,011 | $0.23 | $3,493,702.53 |
Dec 30, 2021 | 1911 Gold Corp | AUMB | 6,000,000 | $0.56 | $3,360,000.00 |
Dec 2, 2021 | Northern Superior Resources Inc | SUP | 3,690,463 | $0.90 | $3,321,416.70 |
TSXV Top Warrant
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
---|---|---|---|---|---|---|---|---|
Dec 9, 2021 | Benchmark Metals Inc | BNCH | 18,216,000 | $1.42 | $25,866,720.00 | 9,108,000 | $1.55 | Dec 9, 2023 |
Dec 9, 2021 | Benchmark Metals Inc | BNCH | 12,000,000 | $1.00 | $12,000,000.00 | 6,000,000 | $1.25 | Dec 9, 2023 |
Dec 3, 2021 | Giyani Metals Corp | EMM | 26,136,395 | $0.44 | $11,500,013.80 | 13,068,197 | $0.60 | Dec 3, 2023 |
Dec 9, 2021 | Nighthawk Gold Corp | NHK | 5,630,000 | $1.00 | $5,630,000.00 | 2,815,000 | $1.50 | Dec 9, 2024 |
Dec 17, 2021 | Omai Gold Mines Corp | OMG | 44,386,972 | $0.11 | $4,882,566.92 | 22,193,486 | $0.20 | Dec 17, 2023 |
Dec 8, 2021 | Brixton Metals Corp | BBB | 23,591,000 | $0.20 | $4,718,200.00 | 11,795,500 | $0.26 | Dec 8, 2023 |
Dec 8, 2021 | Canstar Resources Inc | ROX | 14,412,471 | $0.32 | $4,539,928.37 | 7,206,235 | $0.42 | Dec 8, 2023 |
Dec 23, 2021 | P2 Gold Inc | PGLD | 3,959,933 | $0.77 | $3,049,148.41 | 3,959,933 | $0.90 | Dec 23, 2023 |
Dec 24, 2021 | Sonoro Gold Corp | SGO | 16,666,667 | $0.18 | $3,000,000.06 | 16,666,667 | $0.30 | Dec 24, 2023 |
Dec 13, 2021 | Royal Fox Gold Inc | FOXG | 28,300,000 | $0.10 | $2,830,000.00 | 14,150,000 | $0.08 | Dec 13, 2024 |
TSXV Top Debt
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Dec 29, 2021 | Altaley Mining Corp | ALTY | 5,000 | $1,000.00 | $6,401,040.00 |
Dec 1, 2021 | Till Capital Corp | TIL | 1,200 | $1,000.00 | $1,533,330.00 |
Dec 10, 2021 | New Placer Dome Gold Corp | NGLD | 840 | $1,000.00 | $1,065,400.56 |
CSE Top Equity
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Dec 20, 2021 | Exploits Discovery Corp | NFLD | 6,000,000 | $0.50 | $3,000,000.00 |
Dec 15, 2021 | Advanced United Holdings Inc | AUHI | 2,866,700 | $0.75 | $2,150,025.00 |
Dec 29, 2021 | Mansa Exploration Inc | MANS | 4,395,000 | $0.20 | $879,000.00 |
Dec 21, 2021 | Muzhu Mining Ltd | MUZU | 2,601,500 | $0.17 | $442,255.00 |
Dec 30, 2021 | Argo Gold Inc | ARQ | 2,916,700 | $0.12 | $350,004.00 |
Dec 22, 2021 | Advanced United Holdings Inc | AUHI | 400,000 | $0.75 | $300,000.00 |
Dec 31, 2021 | Leopard Lake Gold Corp | LP | 1,800,000 | $0.10 | $180,000.00 |
Dec 13, 2021 | Hawkmoon Resources Corp | HM | 745,332 | $0.08 | $55,899.90 |
CSE Top Warrant
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
---|---|---|---|---|---|---|---|---|
Dec 13, 2021 | American Pacific Mining Corp | USGD | 10,146,000 | $1.00 | $10,146,000.00 | 5,073,000 | $1.40 | Dec 13, 2023 |
Dec 17, 2021 | Snowline Gold Corp | SGD | 8,783,783 | $0.74 | $6,499,999.42 | 4,391,891 | $0.75 | Dec 17, 2023 |
Dec 16, 2021 | Scotch Creek Ventures Inc | SCV | 12,620,100 | $0.50 | $6,310,050.00 | 12,620,100 | $0.75 | Dec 16, 2023 |
Dec 8, 2021 | Fenixoro Gold Corp | FENX | 7,725,531 | $0.31 | $2,394,914.61 | 7,725,531 | $0.34 | Dec 8, 2023 |
Dec 15, 2021 | Cross River Ventures Corp | CRVC | 11,275,730 | $0.14 | $1,578,602.20 | 5,637,865 | $0.20 | Dec 15, 2024 |
Dec 24, 2021 | Monterey Minerals Corp | MREY | 5,530,000 | $0.25 | $1,382,500.00 | 5,530,000 | $0.35 | Dec 24, 2023 |
Dec 13, 2021 | Brascan Gold Inc | BRAS | 2,477,667 | $0.53 | $1,313,163.51 | 1,238,833 | $0.75 | Dec 13, 2023 |
Dec 15, 2021 | Cross River Ventures Corp | CRVC | 8,625,400 | $0.13 | $1,078,175.00 | 4,312,700 | $0.20 | Dec 15, 2024 |
Dec 8, 2021 | Graycliff Exploration Ltd | GRAY | 3,589,963 | $0.30 | $1,076,988.90 | 1,794,981 | $0.45 | Dec 8, 2023 |
Dec 29, 2021 | Mansa Exploration Inc | MANS | 7,112,665 | $0.15 | $1,066,899.75 | 3,556,332 | $0.25 | Dec 29, 2023 |
Footnotes
- Total units shown consist of shares and warrants.
- Prices are represented in the currency of the placement
- Gross proceed figures are converted to $CAD.