Reports
The Gold Review
January 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!
Total Raised by Month (12 Month Period)
12 month Total:
$10,982,431,698
$10,982,431,698
January Total:
$984,086,073
$984,086,073
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Jan 4, 2021 | Centerra Gold Inc | CG | 400,000 | $1,000.00 | $509,352,400.00 | Bank of Nova Scotia |
| Jan 21, 2021 | Orezone Gold Corp | ORE | 96,000 | $1,000.00 | $121,737,408.00 | Coris Bank Intl |
| Jan 29, 2021 | Americas Gold and Silver Corp | USA | 10,253,128 | $3.31 | $33,937,853.68 | Desjardins Capital Markets |
| Jan 14, 2021 | Eclipse Gold Mining Corp | EGLD | 45,119,000 | $0.50 | $22,559,500.00 | Stifel GMP |
| Jan 29, 2021 | McEwen Mining Inc | MUX | 12,600,600 | $1.29 | $16,254,774.00 | Cantor Fitzgerald Canada |
Top 5 Non-Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Jan 8, 2021 | Osisko Development Corp | ODV | 9,346,464 | $7.50 | $70,098,480.00 | Non-brokered |
| Jan 15, 2021 | NuLegacy Gold Corp | NUG | 100,000,000 | $0.13 | $12,500,000.00 | Non-brokered |
| Jan 26, 2021 | Arizona Metals Corp | AMC | 10,526,315 | $0.95 | $9,999,999.25 | Non-brokered |
| Jan 28, 2021 | INV Metals Inc | INV | 8,805,962 | $0.45 | $3,962,682.90 | Non-brokered |
| Jan 10, 2021 | Anaconda Gold Corp | ANX | 7,837,544 | $0.45 | $3,526,894.80 | Non-brokered |
Top Financings by Region ($CAD)
Top 5 Leading Investors ($CAD)
Top Exercised Warrants in the Money
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jan 10, 2021 | Anaconda Gold Corp | ANX | 7,837,544 | $0.45 | $3,526,894.80 |
| Jan 26, 2021 | Liberty Gold Corp | LGD | 4,331,561 | $0.65 | $2,815,514.65 |
| Jan 5, 2021 | Golden Independence Mining Corp | IGLD | 6,268,274 | $0.42 | $2,632,675.08 |
| Jan 5, 2021 | Roscan Minerals Corp | ROS | 11,059,000 | $0.18 | $1,990,620.00 |
| Jan 27, 2021 | Condor Gold plc | COG | 1,562,500 | $0.31 | $844,060.25 |
| Jan 13, 2021 | Condor Gold plc | COG | 376,713 | $0.40 | $261,130.52 |
| Jan 13, 2021 | Condor Gold plc | COG | 125,000 | $0.31 | $67,151.97 |
| Jan 25, 2021 | Condor Gold plc | COG | 83,333 | $0.20 | $29,032.50 |
| Jan 14, 2021 | Condor Gold plc | COG | 33,333 | $0.31 | $17,950.29 |
TSX Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jan 4, 2021 | Centerra Gold Inc | CG | 400,000 | $1,000.00 | $509,352,400.00 |
| Jan 21, 2021 | Orezone Gold Corp | ORE | 96,000 | $1,000.00 | $121,737,408.00 |
| Jan 21, 2021 | Orezone Gold Corp | ORE | 35,000 | $1,000.00 | $44,383,430.00 |
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jan 21, 2021 | Orezone Gold Corp | ORE | 61,950,000 | $1.05 | $65,047,500.00 |
| Jan 29, 2021 | Americas Gold and Silver Corp | USA | 10,253,128 | $3.31 | $33,937,853.68 |
| Jan 29, 2021 | McEwen Mining Inc | MUX | 12,600,600 | $1.29 | $16,254,774.00 |
| Jan 28, 2021 | Alexco Resources Corp | AXU | 2,053,670 | $4.48 | $9,200,441.60 |
| Jan 28, 2021 | Orezone Gold Corp | ORE | 8,292,500 | $1.05 | $8,707,125.00 |
| Jan 28, 2021 | INV Metals Inc | INV | 8,805,962 | $0.45 | $3,962,682.90 |
| Jan 28, 2021 | Alexco Resources Corp | AXU | 651,100 | $3.84 | $2,500,224.00 |
| Jan 28, 2021 | INV Metals Inc | INV | 4,848,287 | $0.45 | $2,181,729.15 |
TSX Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jan 21, 2021 | Orea Mining Corp | OREA | 8,235,294 | $0.17 | $1,399,999.98 | 4,117,647 | $0.30 | Jul 21, 2022 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jan 26, 2021 | Arizona Metals Corp | AMC | 10,526,315 | $0.95 | $9,999,999.25 |
| Jan 7, 2021 | Canex Metals Inc | CANX | 16,292,500 | $0.10 | $1,629,250.00 |
| Jan 15, 2021 | Mexican Gold Mining Corp | MEX | 20,000,000 | $0.07 | $1,400,000.00 |
| Jan 11, 2021 | North Peak Resources Ltd | NPR | 2,299,999 | $0.48 | $1,103,999.52 |
| Jan 20, 2021 | Spruce Ridge Resources Ltd | SHL | 7,189,000 | $0.14 | $1,006,460.00 |
| Jan 12, 2021 | Braveheart Resources Inc | BHT | 6,500,000 | $0.12 | $780,000.00 |
| Jan 11, 2021 | Spruce Ridge Resources Ltd | SHL | 4,357,142 | $0.14 | $609,999.88 |
| Jan 12, 2021 | Northern Vertex Mining Corp | NEE | 365,100 | $0.53 | $193,503.00 |
| Jan 6, 2021 | Rochester Resources Ltd | RCT | 2,450,000 | $0.08 | $183,750.00 |
| Jan 11, 2021 | Canex Metals Inc | CANX | 707,750 | $0.10 | $70,775.00 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jan 8, 2021 | Osisko Development Corp | ODV | 9,346,464 | $7.50 | $70,098,480.00 | 4,673,232 | $10.00 | Jul 8, 2022 |
| Jan 14, 2021 | Eclipse Gold Mining Corp | EGLD | 45,119,000 | $0.50 | $22,559,500.00 | 22,559,500 | $0.80 | Jan 14, 2023 |
| Jan 15, 2021 | NuLegacy Gold Corp | NUG | 100,000,000 | $0.13 | $12,500,000.00 | 100,000,000 | $0.20 | Jan 15, 2024 |
| Jan 5, 2021 | Eloro Resources Ltd | ELO | 4,080,660 | $1.55 | $6,325,023.00 | 2,040,330 | $2.00 | Jan 5, 2023 |
| Jan 11, 2021 | Tri Origin Exploration Ltd | TOE | 20,000,000 | $0.13 | $2,500,000.00 | 20,000,000 | $0.18 | Jan 11, 2023 |
| Jan 27, 2021 | AIS Resources Ltd | AIS | 15,625,000 | $0.08 | $1,250,000.00 | 15,625,000 | $0.12 | Jan 27, 2022 |
| Jan 15, 2021 | Ridgestone Mining Inc | RMI | 24,100,000 | $0.05 | $1,205,000.00 | 12,050,000 | $0.08 | Jan 15, 2022 |
| Jan 18, 2021 | Rover Metals Corp | ROVR | 10,075,000 | $0.10 | $1,007,500.00 | 10,075,000 | $0.15 | Jan 18, 2023 |
| Jan 26, 2021 | Rackla Metals Inc | RAK | 8,100,000 | $0.12 | $972,000.00 | 8,100,000 | $0.15 | Jan 26, 2022 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jan 20, 2021 | Skyledger Tech Corp | SKYL | 9,542,667 | $0.15 | $1,431,400.05 |
| Jan 5, 2021 | West Red Lake Gold Mines Inc | RLG | 1,678,334 | $0.12 | $201,400.08 |
| Jan 20, 2021 | Skyledger Tech Corp | SKYL | 1,334,000 | $0.15 | $200,100.00 |
| Jan 28, 2021 | Genius Metals Inc | GENI | 455,714 | $0.28 | $127,599.92 |
CSE Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jan 28, 2021 | Clarity Gold Corp | CLAR | 3,167,340 | $0.96 | $3,040,646.40 | 1,583,670 | $1.25 | Jan 28, 2022 |
| Jan 12, 2021 | Clarity Gold Corp | CLAR | 1,563,956 | $0.96 | $1,501,397.76 | 781,978 | $1.25 | Jan 12, 2022 |
| Jan 21, 2021 | Winston Gold Mining Corp | WGC | 8,038,200 | $0.13 | $1,004,775.00 | 8,038,200 | $0.20 | Jan 21, 2026 |
| Jan 28, 2021 | Valorem Resources Inc | VALU | 8,889,998 | $0.10 | $888,999.80 | 8,889,998 | $0.13 | Jan 28, 2022 |
| Jan 28, 2021 | Genius Metals Inc | GENI | 3,395,000 | $0.20 | $679,000.00 | 3,395,000 | $0.35 | Jul 28, 2022 |
| Jan 5, 2021 | West Red Lake Gold Mines Inc | RLG | 3,333,400 | $0.12 | $400,008.00 | 1,666,700 | $0.20 | Jul 5, 2022 |
| Jan 13, 2021 | Metallica Metals Corp | MM | 2,001,667 | $0.15 | $300,250.05 | 2,001,667 | $0.20 | Jan 13, 2023 |
| Jan 6, 2021 | McLaren Resources Inc | MCL | 3,750,000 | $0.08 | $300,000.00 | 1,875,000 | $0.13 | Jul 6, 2022 |
| Jan 12, 2021 | Origen Resources Inc | ORGN | 2,206,666 | $0.12 | $264,799.92 | 1,103,333 | $0.20 | Jan 12, 2022 |
| Jan 20, 2021 | Graycliff Exploration Ltd | GRAY | 400,000 | $0.50 | $200,000.00 | 200,000 | $0.60 | Jan 20, 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.
