Reports
The Gold Review
May 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:
$10,669,973,837
$10,669,973,837
May Total:
$604,757,514
$604,757,514
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| May 19, 2021 | Artemis Gold Inc | ARTG | 18,853,100 | $6.10 | $115,003,910.00 | National Bank Financial |
| May 17, 2021 | Skeena Resources Ltd | SKE | 18,548,388 | $3.10 | $57,500,002.80 | Raymond James |
| May 31, 2021 | Golden Star Resources Ltd | GSC | 30,000 | $1,000.00 | $36,229,530.00 | Macquarie Bank |
| May 4, 2021 | Novo Resources Corp | NVO | 10,353,000 | $2.55 | $26,400,150.00 | Clarus Securities |
| May 7, 2021 | GoGold Resources Inc | GGD | 10,000,000 | $2.50 | $25,000,000.00 | BMO Capital Markets |
Top 5 Non-Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| May 10, 2021 | Artemis Gold Inc | ARTG | 9,200,000 | $6.10 | $56,120,000.00 | Non-brokered |
| May 27, 2021 | Marathon Gold Corp | MOZ | 14,373,101 | $2.45 | $35,214,097.45 | Non-brokered |
| May 6, 2021 | Corvus Gold Inc | KOR | 20,000 | $1,000.00 | $24,559,560.00 | Non-brokered |
| May 27, 2021 | Marathon Gold Corp | MOZ | 4,888,629 | $3.10 | $15,154,749.90 | Non-brokered |
| May 18, 2021 | Labrador Gold Corp | LAB | 11,111,111 | $0.90 | $9,999,999.90 | Non-brokered |
Top Financings by Region ($CAD)
Top 5 Leading Investors ($CAD)
Top Exercised Warrants in the Money
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 12, 2021 | Cornerstone Capital Resources Inc | CGP | 2,400,000 | $2.00 | $4,800,000.00 |
| May 10, 2021 | Amex Exploration Inc | AMX | 2,850,984 | $1.50 | $4,276,476.00 |
| May 5, 2021 | Altamira Gold Corp | ALTA | 12,334,466 | $0.20 | $2,466,893.20 |
| May 18, 2021 | Highgold Mining Inc | HIGH | 2,709,027 | $0.70 | $1,896,318.90 |
| May 25, 2021 | GMV Minerals Inc | GMV | 7,965,000 | $0.15 | $1,194,750.00 |
| May 12, 2021 | Altamira Gold Corp | ALTA | 5,522,450 | $0.20 | $1,104,490.00 |
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 17, 2021 | Skeena Resources Ltd | SKE | 18,548,388 | $3.10 | $57,500,002.80 |
| May 27, 2021 | Marathon Gold Corp | MOZ | 14,373,101 | $2.45 | $35,214,097.45 |
| May 7, 2021 | GoGold Resources Inc | GGD | 10,000,000 | $2.50 | $25,000,000.00 |
| May 27, 2021 | Marathon Gold Corp | MOZ | 4,888,629 | $3.10 | $15,154,749.90 |
| May 28, 2021 | Anaconda Gold Corp | ANX | 10,241,000 | $0.83 | $8,500,030.00 |
TSX Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 31, 2021 | Golden Star Resources Ltd | GSC | 30,000 | $1,000.00 | $36,229,530.00 |
| May 6, 2021 | Corvus Gold Inc | KOR | 20,000 | $1,000.00 | $24,559,560.00 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 19, 2021 | Artemis Gold Inc | ARTG | 18,853,100 | $6.10 | $115,003,910.00 |
| May 19, 2021 | Artemis Gold Inc | ARTG | 9,200,000 | $6.10 | $56,120,000.00 |
| May 5, 2021 | Pure Gold Mining Inc | PGM | 11,348,700 | $1.52 | $17,250,024.00 |
| May 6, 2021 | Pasofino Gold Ltd | VEIN | 128,571,500 | $0.07 | $9,000,005.00 |
| May 12, 2021 | Luminex Resources Corp | LR | 10,152,000 | $0.72 | $7,309,440.00 |
| May 12, 2021 | Luminex Resources Corp | LR | 7,210,000 | $0.72 | $5,191,200.00 |
| May 7, 2021 | Aurelius Minerals Inc | AUL | 4,998,462 | $0.68 | $3,373,961.85 |
| May 7, 2021 | Capitan Mining Inc | CAPT | 16,000,000 | $0.20 | $3,200,000.00 |
| May 4, 2021 | Orefinders Resources Inc | ORX | 24,400,000 | $0.10 | $2,440,000.00 |
| May 7, 2021 | Aurelius Minerals Inc | AUL | 3,595,041 | $0.60 | $2,157,024.60 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| May 4, 2021 | Novo Resources Corp | NVO | 10,353,000 | $2.55 | $26,400,150.00 | 5,176,500 | $3.00 | May 4, 2024 |
| May 20, 2021 | Goldsource Mines Inc | GXS | 115,000,000 | $0.11 | $12,650,000.00 | 57,500,000 | $0.14 | May 20, 2023 |
| May 18, 2021 | Labrador Gold Corp | LAB | 11,111,111 | $0.90 | $9,999,999.90 | 5,555,555 | $1.05 | May 18, 2023 |
| May 17, 2021 | Whitehorse Gold Corp | WHG | 6,287,300 | $1.50 | $9,430,950.00 | 6,287,300 | $2.00 | May 17, 2026 |
| May 18, 2021 | Galantas Gold Corp | GAL | 26,663,264 | $0.30 | $7,998,979.20 | 26,663,264 | $0.40 | May 18, 2023 |
| May 18, 2021 | Reunion Gold Corp | RGD | 114,788,691 | $0.07 | $7,461,264.92 | 57,394,345 | $0.12 | May 18, 2023 |
| May 17, 2021 | P2 Gold Inc | PGLD | 11,898,060 | $0.50 | $5,949,030.00 | 11,898,060 | $0.85 | May 17, 2023 |
| May 17, 2021 | Whitehorse Gold Corp | WHG | 3,646,025 | $1.60 | $5,833,640.00 | 3,646,025 | $2.10 | May 17, 2026 |
| May 5, 2021 | Heliostar Metals Ltd | HSTR | 5,348,616 | $1.05 | $5,616,046.80 | 2,674,308 | $1.70 | May 5, 2022 |
| May 5, 2021 | First Vanadium Corp | FVAN | 13,654,000 | $0.40 | $5,461,600.00 | 6,827,000 | $0.55 | May 5, 2024 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 4, 2021 | Mistango River Resources Inc | MIS | 14,300,000 | $0.15 | $2,145,000.00 |
| May 4, 2021 | Genius Metals Inc | GENI | 28,571 | $0.28 | $7,999.88 |
CSE Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| May 14, 2021 | Exploits Discovery Corp | NFLD | 13,333,334 | $0.60 | $8,000,000.40 | 13,333,334 | $0.70 | May 14, 2023 |
| May 14, 2021 | Inflection Resources Ltd | AUCU | 13,867,156 | $0.32 | $4,437,489.92 | 6,933,578 | $0.50 | May 14, 2023 |
| May 14, 2021 | Gretchell Gold Corp | GTCH | 6,022,500 | $0.45 | $2,710,125.00 | 3,011,250 | $0.65 | May 14, 2023 |
| May 11, 2021 | C2C Gold Corp | CTOC | 16,450,000 | $0.16 | $2,632,000.00 | 8,225,000 | $0.20 | May 11, 2023 |
| May 6, 2021 | Rain City Resources Inc | RAIN | 15,050,000 | $0.06 | $903,000.00 | 7,525,000 | $0.08 | May 6, 2026 |
| May 19, 2021 | IMC Intl Mining Corp | IMCX | 5,176,366 | $0.15 | $776,454.90 | 2,588,183 | $0.30 | May 19, 2023 |
| May 4, 2021 | Genius Metals Inc | GENI | 3,399,500 | $0.20 | $679,900.00 | 1,699,750 | $0.35 | Nov 4, 2022 |
| May 19, 2021 | IMC Intl Mining Corp | IMCX | 2,386,870 | $0.20 | $477,374.00 | 2,386,870 | $0.30 | May 19, 2023 |
| May 3, 2021 | Far Resources Ltd | FAT | 2,005,971 | $0.17 | $341,015.07 | 2,005,971 | $0.25 | Nov 3, 2022 |
| May 4, 2021 | Envirotek Remediation Inc | ETK | 6,117,640 | $0.05 | $305,882.00 | 3,058,820 | $0.15 | May 4, 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.
