Reports
The Gold Review
March 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:
$10,140,516,355
$10,140,516,355
March Total:
$578,730,696
$578,730,696
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Mar 18, 2021 | Premier Gold Mines Ltd | PG | 30,914,614 | $2.60 | $80,377,996.40 | CIBC Capital Markets |
| Mar 18, 2021 | Harte Gold Corp | HRT | 50,000 | $1,000.00 | $50,000,000.00 | BNP Paribas |
| Mar 16, 2021 | Sabina Gold & Silver Corp | SBB | 18,000,000 | $1.95 | $35,100,000.00 | BMO Capital Markets |
| Mar 26, 2021 | Eloro Resources Ltd | ELO | 6,670,000 | $3.75 | $25,012,500.00 | Haywood Securities |
| Mar 18, 2021 | Osisko Development Corp | ODV | 2,055,742 | $9.05 | $18,604,465.10 | Eight Capital |
Top 5 Non-Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Mar 18, 2021 | Harte Gold Corp | HRT | 154,940,153 | $0.16 | $24,790,424.48 | Non-brokered |
| Mar 2, 2021 | Serabi Gold plc | SBI | 15,684,257 | $0.75 | $20,807,100.00 | Non-brokered |
| Mar 4, 2021 | Augusta Gold Corp | G | 7,560,000 | $2.25 | $17,010,000.00 | Non-brokered |
| Mar 22, 2021 | Altus Strategies plc | ALTS | 10,266,668 | $0.75 | $13,348,182.73 | Non-brokered |
| Mar 8, 2021 | Skeena Resources Ltd | SKE | 2,837,986 | $4.50 | $12,770,937.00 | Non-brokered |
Top Financings by Region ($CAD)
Top 5 Leading Investors ($CAD)
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Mar 16, 2021 | Sabina Gold & Silver Corp | SBB | 18,000,000 | $1.95 | $35,100,000.00 |
| Mar 18, 2021 | Harte Gold Corp | HRT | 154,940,153 | $0.16 | $24,790,424.48 |
| Mar 2, 2021 | Serabi Gold plc | SBI | 15,684,257 | $0.75 | $20,807,100.00 |
| Mar 8, 2021 | Skeena Resources Ltd | SKE | 2,837,986 | $4.50 | $12,770,937.00 |
| Mar 31, 2021 | Argonaut Gold Inc | AR | 4,255,319 | $2.35 | $9,999,999.65 |
| Mar 10, 2021 | Treasury Metals Inc | TML | 6,800,000 | $1.10 | $7,480,000.00 |
| Mar 4, 2021 | Monarch Mining Corp | GBAR | 2,587,841 | $1.38 | $3,571,220.58 |
| Mar 4, 2021 | Monarch Mining Corp | GBAR | 857,143 | $1.75 | $1,500,000.25 |
TSX Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Mar 18, 2021 | Premier Gold Mines Ltd | PG | 30,914,614 | $2.60 | $80,377,996.40 | 7,728,653 | $3.64 | Sep 18, 2022 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Mar 18, 2021 | Osisko Development Corp | ODV | 2,055,742 | $9.05 | $18,604,465.10 |
| Mar 23, 2021 | Red Pine Exploration Inc | RPX | 37,567,400 | $0.40 | $15,026,960.00 |
| Mar 18, 2021 | Osisko Development Corp | ODV | 1,334,500 | $11.24 | $14,999,780.00 |
| Mar 22, 2021 | Altus Strategies plc | ALTS | 10,266,668 | $0.75 | $13,348,182.73 |
| Mar 30, 2021 | Orca Gold Inc | ORG | 19,649,998 | $0.55 | $10,807,498.90 |
| Mar 25, 2021 | Galway Metals Inc | GWM | 5,999,900 | $1.45 | $8,699,855.00 |
| Mar 22, 2021 | Maritime Resources Corp | MAE | 38,500,000 | $0.18 | $6,930,000.00 |
| Mar 31, 2021 | Northwest Copper Corp | NWST | 4,550,000 | $1.10 | $5,005,000.00 |
| Mar 25, 2021 | Galway Metals Inc | GWM | 4,095,400 | $1.05 | $4,300,170.00 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Mar 26, 2021 | Eloro Resources Ltd | ELO | 6,670,000 | $3.75 | $25,012,500.00 | 3,335,000 | $5.25 | Mar 26, 2023 |
| Mar 3, 2021 | Westhaven Gold Corp | WHN | 21,378,500 | $0.70 | $14,964,950.00 | 10,689,250 | $1.00 | Mar 4, 2023 |
| Mar 24, 2021 | Giyani Metals Corp | EMM | 16,916,500 | $0.68 | $11,503,220.00 | 8,458,250 | $1.00 | Sep 24, 2022 |
| Mar 18, 2021 | Almaden Minerals Ltd | AMM | 15,846,154 | $0.65 | $10,300,000.10 | 7,923,077 | $0.80 | Mar 18, 2024 |
| Mar 29, 2021 | Telson Resources Inc | TSN | 50,400,000 | $0.20 | $10,080,000.00 | 25,200,000 | $0.30 | Mar 29, 2023 |
| Mar 10, 2021 | Patagonia Gold Corp | PGDC | 104,086,063 | $0.09 | $9,367,745.67 | 104,086,063 | $0.13 | Mar 10, 2024 |
| Mar 26, 2021 | Outcrop Gold Corp | OCG | 21,401,500 | $0.43 | $9,202,645.00 | 10,700,750 | $0.60 | Mar 26, 2023 |
| Mar 5, 2021 | Sitka Gold Corp | SIG | 29,243,069 | $0.12 | $3,509,168.28 | 29,243,069 | $0.18 | Mar 5, 2024 |
| Mar 4, 2021 | Tru Precious Metals Corp | TRU | 15,910,053 | $0.22 | $3,500,211.66 | 15,910,053 | $0.35 | Mar 4, 2024 |
| Mar 17, 2021 | Metals Creek Resources Corp | MEK | 21,889,276 | $0.15 | $3,283,391.40 | 21,889,276 | $0.17 | Mar 17, 2023 |
TSXV Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Mar 18, 2021 | Harte Gold Corp | HRT | 50,000 | $1,000.00 | $50,000,000.00 |
| Mar 16, 2021 | Inca One Metals Corp | IO | 2,500 | $1,000.00 | $3,118,590.00 |
| Mar 31, 2021 | Aton Resources Inc | AAN | 2,000 | $1,000.00 | $2,000,000.00 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Mar 5, 2021 | Clarity Gold Corp | CLAR | 2,054,405 | $1.85 | $3,800,649.25 |
| Mar 15, 2021 | Exploits Discovery Corp | NFLD | 4,668,571 | $0.49 | $2,287,599.79 |
| Mar 30, 2021 | Exploits Discovery Corp | NFLD | 65,000 | $0.49 | $31,850.00 |
CSE Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Mar 4, 2021 | Augusta Gold Corp | G | 7,560,000 | $2.25 | $17,010,000.00 | 3,780,000 | $2.80 | Mar 4, 2024 |
| Mar 5, 2021 | Golden Lake Exploration Inc | GLM | 22,305,404 | $0.45 | $10,037,431.80 | 11,152,702 | $0.60 | Mar 5, 2023 |
| Mar 12, 2021 | Soldera Mining Corp | SOLD | 9,522,952 | $0.42 | $3,999,639.84 | 9,522,952 | $0.60 | Mar 12, 2024 |
| Mar 10, 2021 | Myriad Metals Corp | MMC | 6,440,000 | $0.20 | $1,288,000.00 | 6,440,000 | $0.40 | Mar 10, 2023 |
| Mar 30, 2021 | Exploits Discovery Corp | NFLD | 2,351,167 | $0.45 | $1,058,025.15 | 2,351,167 | $0.67 | Mar 30, 2023 |
| Mar 5, 2021 | First Energy Metals Ltd | FE | 4,000,000 | $0.24 | $960,000.00 | 4,000,000 | $0.40 | Mar 5, 2023 |
| Mar 8, 2021 | Goldn Futures Mineral Corp | FUTR | 4,662,251 | $0.15 | $699,337.65 | 4,662,251 | $0.25 | Mar 8, 2024 |
| Mar 15, 2021 | Exploits Discovery Corp | NFLD | 1,353,744 | $0.45 | $609,184.80 | 1,353,744 | $0.67 | Mar 15, 2023 |
| Mar 5, 2021 | First Energy Metals Ltd | FE | 2,950,000 | $0.20 | $590,000.00 | 2,950,000 | $0.40 | Mar 5, 2023 |
| Mar 23, 2021 | Crestview Exploration Inc | CRS | 349,765 | $0.85 | $297,300.25 | 174,882 | $1.25 | Mar 23, 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.
