Reports
The Gold Review
July 2020Track 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 Year-to-Date
YTD Total:
$5,832,679,147
$5,832,679,147
July Total:
$1,216,084,904
$1,216,084,904
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Jul 23, 2020 | Argonaut Gold Inc | AR | 49,608,700 | $2.55 | $126,502,185.00 | BMO Capital Markets |
| Jul 15, 2020 | Nomad Royalty Co Ltd | NSR | 50,000 | $1,000.00 | $50,000,000.00 | Bank of Nova Scotia |
| Jul 29, 2020 | Caldas Gold Corp | CGC | 22,222,222 | $2.25 | $49,999,999.50 | Scotiabank |
| Jul 15, 2020 | Northern Dynasty Minerals Ltd | NDM | 24,150,000 | $1.46 | $48,015,847.24 | Cantor Fitzgerald Canada |
| Jul 7, 2020 | Alexco Resources Corp | AXU | 10,994,000 | $2.73 | $30,013,620.00 | Cormark Securities |
Top 5 Non-Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Jul 7, 2020 | Artemis Gold Inc | ARTG | 64,825,925 | $2.70 | $175,029,997.50 | Non-brokered |
| Jul 3, 2020 | Endeavour Mining Corp | EDV | 4,507,720 | $30.27 | $136,448,684.40 | Non-brokered |
| Jul 27, 2020 | AEX Gold Inc | AEX | 94,444,445 | $0.45 | $72,954,055.43 | Non-brokered |
| Jul 2, 2020 | First Mining Gold Corp | FF | 22,500 | $1,000.00 | $30,546,112.50 | Non-brokered |
| Jul 16, 2020 | Mako Mining Corp | MKO | 41,000,000 | $0.40 | $16,400,000.00 | Non-brokered |
Top Financings by Region ($CAD)
Top Exercised Warrants in the Money
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jul 23, 2020 | Roscan Minerals Corp | ROS | 20,729,185 | $0.16 | $3,378,857.16 |
| Jul 16, 2020 | Inca One Metals Corp | IO | 4,500,000 | $0.40 | $1,800,000.00 |
| Jul 24, 2020 | Labrador Gold Corp | LAB | 4,310,950 | $0.35 | $1,508,832.50 |
| Jul 24, 2020 | TriStar Gold Inc | TSG | 2,613,182 | $0.35 | $914,613.70 |
| Jul 2, 2020 | Vangold Mining Corp | VGLD | 5,510,000 | $0.10 | $551,000.00 |
| Jul 24, 2020 | Labrador Gold Corp | LAB | 1,326,000 | $0.40 | $530,400.00 |
| Jul 23, 2020 | Thunderstruck Resources Ltd | AWE | 5,197,000 | $0.10 | $519,700.00 |
| Jul 16, 2020 | West Red Lake Gold Mines Inc | RLG | 4,141,500 | $0.10 | $414,150.00 |
Top 5 Leading Investors ($CAD)
TSX Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jul 15, 2020 | Nomad Royalty Co Ltd | NSR | 50,000 | $1,000.00 | $50,000,000.00 |
| Jul 28, 2020 | Tanzanian Gold Corp | TNX | 4,000 | $1,000.00 | $5,351,376.00 |
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jul 3, 2020 | Endeavour Mining Corp | EDV | 4,507,720 | $30.27 | $136,448,684.40 |
| Jul 23, 2020 | Argonaut Gold Inc | AR | 49,608,700 | $2.55 | $126,502,185.00 |
| Jul 15, 2020 | Northern Dynasty Minerals Ltd | NDM | 24,150,000 | $1.46 | $48,015,847.24 |
| Jul 7, 2020 | Alexco Resources Corp | AXU | 10,994,000 | $2.73 | $30,013,620.00 |
| Jul 7, 2020 | Treasury Metals Inc | TML | 32,000,000 | $0.36 | $11,520,000.00 |
| Jul 24, 2020 | Golden Minerals Co | AUMN | 20,535,714 | $0.42 | $8,624,999.88 |
| Jul 15, 2020 | RTG Mining Inc | RTG | 102,422,120 | $0.06 | $5,530,138.16 |
| Jul 31, 2020 | Anaconda Gold Corp | ANX | 9,500,000 | $0.58 | $5,510,000.00 |
| Jul 24, 2020 | Moneta Porcupine Mines Inc | ME | 19,997,662 | $0.21 | $4,199,509.02 |
| Jul 24, 2020 | Moneta Porcupine Mines Inc | ME | 15,036,486 | $0.14 | $2,105,108.04 |
TSX Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jul 22, 2020 | Orea Mining Corp | OREA | 6,937,500 | $0.16 | $1,110,000.00 | 3,468,750 | $0.24 | Jan 22, 2022 |
TSXV Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jul 2, 2020 | First Mining Gold Corp | FF | 22,500 | $1,000.00 | $30,546,112.50 |
| Jul 3, 2020 | Blue Star Gold Corp | BAU | 3,175 | $1,000.00 | $3,175,000.00 |
| Jul 10, 2020 | Blue Star Gold Corp | BAU | 925 | $1,000.00 | $925,000.00 |
| Jul 7, 2020 | Cascadero Copper Corp | CCD | 200 | $1,000.00 | $200,000.00 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jul 7, 2020 | Artemis Gold Inc | ARTG | 64,825,925 | $2.70 | $175,029,997.50 |
| Jul 27, 2020 | AEX Gold Inc | AEX | 94,444,445 | $0.45 | $72,954,055.43 |
| Jul 23, 2020 | Rupert Resources Ltd | RUP | 5,295,999 | $3.20 | $16,947,196.80 |
| Jul 28, 2020 | Highgold Mining Inc | HIGH | 7,976,975 | $1.73 | $13,800,166.75 |
| Jul 9, 2020 | Thor Explorations Ltd | THX | 69,479,167 | $0.18 | $12,506,250.06 |
| Jul 7, 2020 | Eclipse Gold Mining Corp | EGLD | 15,985,000 | $0.75 | $11,988,750.00 |
| Jul 8, 2020 | Tudor Gold Corp | TUD | 6,652,700 | $1.40 | $9,313,780.00 |
| Jul 23, 2020 | Rupert Resources Ltd | RUP | 2,704,001 | $3.20 | $8,652,803.20 |
| Jul 31, 2020 | Maple Gold Mines Ltd | MGM | 23,530,000 | $0.17 | $4,000,100.00 |
| Jul 9, 2020 | Loncor Resources Inc | LN | 10,000,000 | $0.50 | $5,000,000.00 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jul 30, 2020 | Vizsla Resources Corp | VZLA | 16,043,000 | $1.87 | $30,000,410.00 | 16,043,000 | $2.40 | Jul 30, 2022 |
| Jul 29, 2020 | Freegold Ventures Ltd | FVL | 27,272,800 | $1.10 | $30,000,080.00 | 13,636,400 | $1.65 | Jul 29, 2022 |
| Jul 14, 2020 | Osino Resources Corp | OSI | 16,100,000 | $1.10 | $17,710,000.00 | 8,050,000 | $1.50 | Jul 14, 2021 |
| Jul 16, 2020 | Mako Mining Corp | MKO | 41,000,000 | $0.40 | $16,400,000.00 | 20,500,000 | $0.60 | Jan 16, 2022 |
| Jul 16, 2020 | Mako Mining Corp | MKO | 30,000,000 | $0.40 | $12,000,000.00 | 15,000,000 | $0.60 | Jan 16, 2022 |
| Jul 14, 2020 | TriStar Gold Inc | TSG | 30,705,000 | $0.30 | $9,211,500.00 | 15,352,500 | $0.40 | Jul 14, 2022 |
| Jul 21, 2020 | Fosterville South Exploration Ltd | FSX | 1,962,500 | $4.00 | $7,850,000.00 | 981,250 | $4.95 | Jul 21, 2022 |
| Jul 22, 2020 | Kore Mining Ltd | KORE | 6,000,000 | $1.00 | $6,000,000.00 | 3,000,000 | $1.50 | Jul 22, 2022 |
| Jul 29, 2020 | African Gold Group Inc | AGG | 22,360,000 | $0.25 | $5,590,000.00 | 11,180,000 | $0.40 | Jul 29, 2022 |
| Jul 27, 2020 | Volcanic Gold Mines Inc | VG | 20,000,000 | $0.25 | $5,000,000.00 | 10,000,000 | $0.30 | Jul 27, 2022 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jul 28, 2020 | Freeman Gold Corp | FMAN | 20,690,000 | $0.50 | $10,345,000.00 |
| Jul 28, 2020 | Crest Resources Inc | CRES | 6,895,000 | $0.10 | $689,500.00 |
| Jul 27, 2020 | Mariner Resources Corp | RNR | 5,000,000 | $0.12 | $600,000.00 |
| Jul 15, 2020 | Black Tusk Resources Inc | TUSK | 3,125,000 | $0.08 | $250,000.00 |
| Jul 7, 2020 | Myriad Metals Corp | MMC | 3,333,335 | $0.06 | $200,000.10 |
| Jul 8, 2020 | Scotch Creek Ventures Inc | SCV | 1,437,500 | $0.08 | $115,000.00 |
CSE Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jul 30, 2020 | Idaho Champion Gold Mines Canada Inc | ITKO | 26,910,000 | $0.30 | $8,073,000.00 | 13,455,000 | $0.45 | Jul 30, 2023 |
| Jul 31, 2020 | Fiorentina Minerals Inc | FLO | 23,647,826 | $0.20 | $4,729,565.20 | 11,823,913 | $0.40 | Jul 31, 2021 |
| Jul 21, 2020 | Norsemont Mining Inc | NOM | 4,475,500 | $1.00 | $4,475,500.00 | 2,237,750 | $1.10 | Jul 22, 2021 |
| Jul 31, 2020 | Rise Gold Corp | RISE | 4,363,833 | $0.75 | $4,386,539.11 | 2,181,916 | $1.00 | Jul 31, 2022 |
| Jul 9, 2020 | Monterey Minerals Corp | MREY | 23,510,000 | $0.05 | $1,175,500.00 | 23,510,000 | $0.10 | Jul 9, 2022 |
| Jul 9, 2020 | Norsemont Mining Inc | NOM | 1,024,500 | $1.00 | $1,024,500.00 | 512,250 | $1.10 | Jul 9, 2021 |
| Jul 27, 2020 | IMC Intl Mining Corp | IMCX | 3,333,334 | $0.30 | $1,000,000.20 | 1,666,667 | $0.40 | Jul 27, 2022 |
| Jul 15, 2020 | Black Tusk Resources Inc | TUSK | 9,562,500 | $0.08 | $765,000.00 | 4,781,250 | $0.10 | Jul 15, 2022 |
| Jul 10, 2020 | Red Lake Gold Inc | RGLD | 2,500,000 | $0.30 | $750,000.00 | 1,250,000 | $0.45 | Jul 10, 2022 |
| Jul 31, 2020 | Clarity Gold Corp | CLAR | 2,158,000 | $0.30 | $647,400.00 | 1,079,000 | $0.35 | Jul 31, 2022 |
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.
