Reports
The Gold Review
November 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!
Summary
Even as prices for oil and natural gas collapse, the outlook for gold remains strong.
With the release of US inflation numbers in mid-November at a 31-year high, it seems that quantitative easing and relief spending have come with their expected knock-on effects. As a result, the case for gold as a hedge against inflation grows ever stronger. Meanwhile, the omicron variant is rearing its ugly head, throwing another dose of uncertainty into a spending market that is just stumbling to its feet.
For those looking to stay out of cash and get into gold, we'd encourage you to look at Gold Royalty Corp. (NYSE: GROY), our sponsor for this month's report. The company has grown to a $700 million market cap after IPO'ing back in March, making it one of the fastest-growing companies in the sector. And, the company gives investors exposure to the gold royalty market, a segment that tends to outperform miners while giving you access to the high-return exploration market as well. While this is certainly not investment advice, we can say it's a company well worth checking out.
Sponsored by
NYSE: GROY | NYSE: GROY.WS
Total Raised by Month (12 Month Period)
12 month Total:
$10,100,142,055
$10,100,142,055
November Total:
$468,976,022
$468,976,022
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Nov 12, 2021 | Arizona Metals Corp | AMC | 8,625,000 | $4.25 | $36,656,250.00 | Stifel GMP |
| Nov 19, 2021 | Mineros SA | MSA | 22,222,223 | $0.90 | $25,222,040.88 | Scotiabank |
| Nov 12, 2021 | Great Panther Mining Ltd | GPR | 88,461,538 | $0.26 | $22,999,999.88 | HC Wainwright |
| Nov 25, 2021 | Aurion Resources Ltd | AU | 16,666,667 | $0.90 | $15,000,000.30 | Red Cloud Securities |
| Nov 18, 2021 | Red Pine Exploration Inc | RPX | 12,923,700 | $0.65 | $8,400,405.00 | Haywood Securities |
Top 5 Non-Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Nov 10, 2021 | Steppe Gold Ltd | STGO | 65,000 | $1,000.00 | $80,889,640.00 | Non-brokered |
| Nov 16, 2021 | Rio2 Ltd | RIO | 50,000 | $1,000.00 | $62,632,900.00 | Non-brokered |
| Nov 24, 2021 | New Found Gold Corp | NFG | 5,000,000 | $9.60 | $48,000,000.00 | Non-brokered |
| Nov 29, 2021 | Freeman Gold Corp | FMAN | 38,261,617 | $0.35 | $17,121,893.78 | Non-brokered |
| Nov 1, 2021 | Osino Resources Corp | OSI | 9,545,455 | $1.10 | $10,500,000.50 | Non-brokered |
Top Financings by Region ($CAD)
Top 5 Leading Investors ($CAD)
Top Exercised Warrants in the Money
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Nov 15, 2021 | Emerita Resources Corp | EMO | 6,818,181 | $0.30 | $2,045,454.30 |
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Nov 19, 2021 | Mineros SA | MSA | 22,222,223 | $0.90 | $25,222,040.88 |
| Nov 12, 2021 | Great Panther Mining Ltd | GPR | 88,461,538 | $0.26 | $22,999,999.88 |
| Nov 5, 2021 | Treasury Metals Inc | TML | 7,700,000 | $0.85 | $6,545,000.00 |
| Nov 22, 2021 | Monarch Mining Corp | GBAR | 6,658,823 | $0.90 | $5,992,940.70 |
| Nov 25, 2021 | Mineros SA | MSA | 3,050,000 | $0.90 | $3,480,209.82 |
TSX Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Nov 10, 2021 | Steppe Gold Ltd | STGO | 65,000 | $1,000.00 | $80,889,640.00 |
| Nov 18, 2021 | Harte Gold Corp | HRT | 2,000 | $1,000.00 | $2,515,940.00 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Nov 11, 2021 | New Found Gold Corp | NFG | 5,000,000 | $9.60 | $48,000,000.00 |
| Nov 12, 2021 | Arizona Metals Corp | AMC | 8,625,000 | $4.25 | $36,656,250.00 |
| Nov 25, 2021 | Aurion Resources Ltd | AU | 16,666,667 | $0.90 | $15,000,000.30 |
| Nov 4, 2021 | Tudor Gold Corp | TUD | 4,109,496 | $2.50 | $10,273,740.00 |
| Nov 18, 2021 | Red Pine Exploration Inc | RPX | 12,923,700 | $0.65 | $8,400,405.00 |
| Nov 23, 2021 | Goldshore Resources Inc | GSHR | 10,810,692 | $0.65 | $7,026,949.80 |
| Nov 3, 2021 | Kenorland Minerals Ltd | KLD | 5,211,945 | $1.00 | $5,211,945.00 |
| Nov 4, 2021 | Tudor Gold Corp | TUD | 2,250,600 | $2.10 | $4,726,260.00 |
| Nov 23, 2021 | Goldshore Resources Inc | GSHR | 3,911,908 | $0.76 | $2,973,050.08 |
| Nov 22, 2021 | Burin Gold Corp | BURG | 3,260,000 | $0.69 | $2,249,400.00 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Nov 1, 2021 | Osino Resources Corp | OSI | 9,545,455 | $1.10 | $10,500,000.50 | 4,772,727 | $1.35 | Sep 1, 2023 |
| Nov 3, 2021 | Blackrock Gold Corp | BRC | 8,750,000 | $0.80 | $7,000,000.00 | 4,375,000 | $1.20 | Nov 3, 2023 |
| Nov 22, 2021 | Gold Bull Resources Corp | GBRC | 30,702,500 | $0.20 | $6,140,500.00 | 15,351,250 | $0.30 | Nov 22, 2023 |
| Nov 8, 2021 | African Gold Group Inc | AGG | 36,744,285 | $0.14 | $5,144,199.90 | 18,372,142 | $0.25 | Nov 8, 2023 |
| Nov 22, 2021 | Burin Gold Corp | BURG | 7,780,000 | $0.60 | $4,668,000.00 | 3,890,000 | $0.85 | Nov 22, 2023 |
| Nov 26, 2021 | Jayden Resources Inc | JDN | 9,072,000 | $0.50 | $4,536,000.00 | 9,072,000 | $0.80 | Nov 26, 2023 |
| Nov 10, 2021 | New Placer Dome Gold Corp | NGLD | 55,130,900 | $0.08 | $4,410,472.00 | 55,130,900 | $0.12 | Nov 10, 2024 |
| Nov 22, 2021 | Starr Peak Exploration Ltd | STE | 1,474,510 | $2.55 | $3,760,000.50 | 737,255 | $3.25 | May 22, 2023 |
| Nov 25, 2021 | Contact Gold Inc | C | 57,600,000 | $0.05 | $2,880,000.00 | 28,800,000 | $0.08 | Nov 25, 2023 |
| Nov 5, 2021 | Heliostar Metals Ltd | HSTR | 3,876,607 | $0.70 | $2,713,624.90 | 1,938,303 | $1.20 | Nov 5, 2023 |
TSXV Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Nov 16, 2021 | Rio2 Ltd | RIO | 50,000 | $1,000.00 | $62,632,900.00 |
| Nov 5, 2021 | Gowest Gold Ltd | GWA | 1,000 | $1,000.00 | $1,000,000.00 |
| Nov 5, 2021 | AIS Resources Ltd | AIS | 400 | $1,000.00 | $400,000.00 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Nov 10, 2021 | Talisker Resources Ltd | TSK | 5,200,000 | $0.38 | $1,976,000.00 |
| Nov 12, 2021 | Leopard Lake Gold Corp | LP | 700,000 | $0.10 | $70,000.00 |
CSE Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Nov 29, 2021 | Freeman Gold Corp | FMAN | 38,261,617 | $0.35 | $17,121,893.78 | 19,130,808 | $0.65 | Nov 29, 2026 |
| Nov 16, 2021 | Winston Gold Mining Corp | WGC | 20,500,000 | $0.05 | $1,025,000.00 | 20,500,000 | $0.09 | Nov 16, 2023 |
| Nov 30, 2021 | TocVan Ventures Corp | TOC | 471,225 | $1.00 | $471,225.00 | 235,612 | $1.50 | Nov 30, 2023 |
| Nov 12, 2021 | Volatus Capital Corp | VC | 925,000 | $0.08 | $74,000.00 | 925,000 | $0.12 | Nov 12, 2026 |
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.
