Reports
The Gold Review
June 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:
$4,609,128,788
$4,609,128,788
June Total:
$1,697,013,213
$1,697,013,213
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Jun 23, 2020 | China Gold Intl Resources Corp | CGG | 300,000 | $1,000.00 | $406,532,400.00 | Bank of China |
| Jun 23, 2020 | Osisko Mining Inc | OSK | 48,500,000 | $3.65 | $177,025,000.00 | Canaccord Genuity |
| Jun 11, 2020 | Lundin Gold Inc | LUG | 4,772,500 | $12.05 | $57,508,625.00 | BMO Capital Markets |
| Jun 23, 2020 | Troilus Gold Corp | TLG | 24,150,000 | $1.05 | $25,357,500.00 | Cormark Securities |
| Jun 17, 2020 | Ascot Resources Ltd | AOT | 29,412,000 | $0.85 | $25,000,200.00 | Desjardins Capital Markets |
Top 5 Non-Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Jun 24, 2020 | New Gold Inc | NGD | 400,000 | $1,000.00 | $541,149,600.00 | Non-brokered |
| Jun 5, 2020 | Euro Sun Mining Inc | ESM | 57,235,384 | $0.39 | $22,321,799.76 | Non-brokered |
| Jun 17, 2020 | Pure Gold Mining Inc | PGM | 9,868,421 | $1.52 | $14,999,999.92 | Non-brokered |
| Jun 30, 2020 | Caldas Gold Corp | CGC | 7,000,000 | $2.00 | $14,000,000.00 | Non-brokered |
| Jun 2, 2020 | New Placer Dome Gold Corp | NGLD | 56,129,399 | $0.22 | $12,348,467.78 | Non-brokered |
Top Financings by Region ($CAD)
Top Exercised Warrants in the Money
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jun 12, 2020 | Vangold Mining Corp | VGLD | 11,649,500 | $0.10 | $1,164,950.00 |
| Jun 5, 2020 | Zephyr Minerals Ltd | ZFR | 1,555,928 | $0.30 | $466,778.40 |
| Jun 1, 2020 | Condor Gold plc | COG | 817,927 | $0.20 | $278,236.52 |
Top 5 Leading Investors ($CAD)
TSX Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jun 24, 2020 | New Gold Inc | NGD | 400,000 | $1,000.00 | $541,149,600.00 |
| Jun 23, 2020 | China Gold Intl Resources Corp | CGG | 300,000 | $1,000.00 | $406,866,600.00 |
| Jun 22, 2020 | Goldgroup Mining Inc | GGA | 3,000 | $1,000.00 | $4,082,958.00 |
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jun 11, 2020 | Lundin Gold Inc | LUG | 4,772,500 | $12.05 | $57,508,625.00 |
| Jun 3, 2020 | Sabina Gold & Silver Corp | SBB | 12,500,000 | $2.00 | $25,000,000.00 |
| Jun 3, 2020 | Sabina Gold & Silver Corp | SBB | 5,224,000 | $2.68 | $14,000,320.00 |
| Jun 11, 2020 | Seabridge Gold Inc | SEA | 345,000 | $32.94 | $11,364,300.00 |
| Jun 3, 2020 | Sabina Gold & Silver Corp | SBB | 2,100,000 | $2.40 | $5,040,000.00 |
| Jun 3, 2020 | Sabina Gold & Silver Corp | SBB | 1,638,000 | $2.90 | $4,750,200.00 |
TSX Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jun 23, 2020 | Troilus Gold Corp | TLG | 24,150,000 | $1.05 | $25,357,500.00 | 12,075,000 | $1.50 | Jun 23, 2022 |
| Jun 5, 2020 | Euro Sun Mining Inc | ESM | 57,235,384 | $0.39 | $22,321,799.76 | 28,617,692 | $0.55 | Jun 5, 2023 |
TSXV Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jun 16, 2020 | Telson Resources Inc | TSN | 12,000 | $1,000.00 | $16,339,428.00 |
| Jun 15, 2020 | Candelaria Mining Corp | CAND | 9,000 | $1,000.00 | $12,232,494.00 |
| Jun 26, 2020 | Noble Mineral Exploration Inc | NOB | 625 | $1,000.00 | $625,000.00 |
| Jun 1, 2020 | New Oroperu Resources Inc | ORO | 250 | $1,000.00 | $344,189.75 |
| Jun 2, 2020 | East Africa Metals Inc | EAM | 250 | $1,000.00 | $250,000.00 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jun 17, 2020 | Ascot Resources Ltd | AOT | 29,412,000 | $0.85 | $25,000,200.00 |
| Jun 4, 2020 | Great Bear Resources Ltd | GBR | 1,470,600 | $17.00 | $25,000,200.00 |
| Jun 17, 2020 | Pure Gold Mining Inc | PGM | 9,868,421 | $1.52 | $14,999,999.92 |
| Jun 30, 2020 | Caldas Gold Corp | CGC | 7,000,000 | $2.00 | $14,000,000.00 |
| Jun 25, 2020 | Galway Metals inc | GWM | 17,877,300 | $0.64 | $11,352,085.50 |
| Jun 4, 2020 | Great Bear Resources Ltd | GBR | 725,000 | $11.04 | $8,004,000.00 |
| Jun 24, 2020 | Luminex Resources Corp | LR | 10,886,000 | $0.70 | $7,620,200.00 |
| Jun 1, 2020 | Magna Gold Corp | MGR | 17,075,000 | $0.41 | $7,000,750.00 |
| Jun 25, 2020 | Galway Metals inc | GWM | 13,636,400 | $0.44 | $6,000,016.00 |
| Jun 10, 2020 | White Gold Corp | WGO | 6,666,667 | $0.90 | $6,000,000.30 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jun 23, 2020 | Osisko Mining Inc | OSK | 48,500,000 | $3.65 | $177,025,000.00 | 24,250,000 | $5.25 | Dec 23, 2021 |
| Jun 19, 2020 | O3 Mining Inc | OIII | 8,599,810 | $2.35 | $20,209,553.50 | 4,299,905 | $3.25 | Jun 19, 2022 |
| Jun 19, 2020 | O3 Mining Inc | OIII | 4,651,200 | $4.30 | $20,000,160.00 | 2,325,600 | $3.25 | Jun 19, 2022 |
| Jun 17, 2020 | Amex Exploration Inc | AMX | 6,250,000 | $2.52 | $15,750,000.00 | 3,125,000 | $2.10 | Dec 17, 2021 |
| Jun 2, 2020 | New Placer Dome Gold Corp | NGLD | 56,129,399 | $0.22 | $12,348,467.78 | 56,129,399 | $0.30 | Jun 2, 2023 |
| Jun 22, 2020 | Unigold Inc | UGD | 33,333,334 | $0.18 | $6,000,000.12 | 16,666,667 | $0.30 | Jun 23, 2021 |
| Jun 2, 2020 | Freegold Ventures Ltd | FVL | 19,167,000 | $0.30 | $5,750,100.00 | 9,583,500 | $0.45 | Jun 2, 2022 |
| Jun 17, 2020 | Outcrop Gold Corp | OCG | 20,535,715 | $0.28 | $5,750,000.20 | 10,267,857 | $0.42 | Jun 17, 2022 |
| Jun 1, 2020 | NuLegacy Gold Corp | NUG | 75,000,000 | $0.08 | $5,625,000.00 | 37,500,000 | $0.13 | Jun 1, 2022 |
| Jun 3, 2020 | Silver Viper Minerals Corp | VIPR | 14,227,155 | $0.36 | $5,121,775.80 | 7,113,577 | $0.50 | Jun 3, 2022 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Jun 29, 2020 | Irving Resources Inc | IRV | 1,279,093 | $2.00 | $3,501,706.39 |
| Jun 12, 2020 | Rain City Resources Inc | RAIN | 1,209,000 | $0.05 | $60,450.00 |
| Jun 2, 2020 | Project One Resources Ltd | PJO | 308,593 | $0.16 | $49,374.88 |
CSE Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Jun 12, 2020 | Prime Mining Corp | PRYM | 20,000,000 | $0.50 | $10,000,000.00 | 20,000,000 | $1.10 | Jun 12, 2025 |
| Jun 11, 2020 | 12 Exploration Inc | TWLV | 30,481,655 | $0.15 | $4,572,248.25 | 30,481,655 | $0.25 | Jun 11, 2023 |
| Jun 1, 2020 | Norsemont Mining Inc | NOM | 8,250,000 | $0.40 | $3,300,000.00 | 4,125,000 | $0.75 | Jun 1, 2021 |
| Jun 22, 2020 | Norsemont Mining Inc | NOM | 2,024,901 | $0.75 | $1,518,675.75 | 1,012,450 | $1.10 | Jun 22, 2021 |
| Jun 14, 2020 | Norsemont Mining Inc | NOM | 1,975,099 | $0.75 | $1,481,324.25 | 987,549 | $1.10 | Jun 14, 2021 |
| Jun 9, 2020 | Golden Lake Exploration Inc | GLM | 8,166,667 | $0.15 | $1,225,000.05 | 4,083,333 | $0.25 | Jun 9, 2022 |
| Jun 11, 2020 | Goldseek Resources Inc | GSK | 2,550,000 | $0.30 | $765,000.00 | 1,275,000 | $0.50 | Jun 11, 2022 |
| Jun 5, 2020 | Newlox Gold Ventures Corp | LUX | 11,150,000 | $0.05 | $557,500.00 | 11,150,000 | $0.10 | Jun 5, 2022 |
| Jun 11, 2020 | Goldseek Resources Inc | GSK | 1,760,000 | $0.25 | $440,000.00 | 880,000 | $0.50 | Jun 11, 2022 |
| Jun 3, 2020 | Etruscus Resources Corp | ETR | 1,225,000 | $0.25 | $306,250.00 | 1,225,000 | $0.40 | Jun 3, 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.
