Reports
The Gold Review
October 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:
$8,426,743,856
$8,426,743,856
October Total:
$594,457,741
$594,457,741
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Oct 19, 2020 | OceanaGold Corp | OGC | 73,000,000 | $2.06 | $150,380,000.00 | Scotiabank |
| Oct 2, 2020 | Wallbridge Mining Company Ltd | WM | 55,500,000 | $1.15 | $63,825,000.00 | BMO Capital Markets |
| Oct 30, 2020 | Argonaut Gold Inc | AR | 57,500 | $1,000.00 | $57,500,000.00 | BMO Capital Markets |
| Oct 23, 2020 | Montage Gold Corp | MAU | 27,272,728 | $1.10 | $30,000,000.80 | Raymond James |
| Oct 23, 2020 | OceanaGold Corp | OGC | 8,550,000 | $2.06 | $17,613,000.00 | Scotiabank |
Top 5 Non-Brokered Financings ($CAD)
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
|---|---|---|---|---|---|---|
| Oct 9, 2020 | Golden Star Resources Ltd | GSC | 20,000 | $1,000.00 | $26,461,600.00 | Non-brokered |
| Oct 13, 2020 | Lion One Metals Ltd | LIO | 14,375,000 | $1.20 | $17,250,000.00 | Non-brokered |
| Oct 16, 2020 | Intl Tower Hill Mines Ltd | ITH | 7,334,513 | $1.40 | $13,551,592.41 | Non-brokered |
| Oct 5, 2020 | Contact Gold Inc | C | 69,412,978 | $0.20 | $13,535,530.71 | Non-brokered |
| Oct 29, 2020 | Patagonia Gold Corp | PGDC | 44,040,277 | $0.30 | $13,212,083.10 | Non-brokered |
Top Financings by Region ($CAD)
Top 5 Leading Investors ($CAD)
Top Exercised Warrants in the Money
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Oct 13, 2020 | Lion One Metals Ltd | LIO | 14,375,000 | $1.20 | $17,250,000.00 |
| Oct 13, 2020 | Mineral Mountain Resources Ltd | MMV | 4,535,500 | $0.25 | $1,133,875.00 |
| Oct 19, 2020 | First Vanadium Corp | FVAN | 3,975,000 | $0.26 | $1,033,500.00 |
| Oct 23, 2020 | Spanish Mountain Gold Ltd | SPA | 16,666,666 | $0.05 | $833,333.30 |
| Oct 14, 2020 | Abcourt Mines Inc | ABI | 1,744,000 | $0.16 | $279,040.00 |
| Oct 14, 2020 | Abcourt Mines Inc | ABI | 1,335,960 | $0.13 | $173,674.80 |
TSX Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Oct 30, 2020 | Argonaut Gold Inc | AR | 57,500 | $1,000.00 | $57,500,000.00 |
| Oct 9, 2020 | Golden Star Resources Ltd | GSC | 20,000 | $1,000.00 | $26,461,600.00 |
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Oct 19, 2020 | OceanaGold Corp | OGC | 73,000,000 | $2.06 | $150,380,000.00 |
| Oct 2, 2020 | Wallbridge Mining Company Ltd | WM | 55,500,000 | $1.15 | $63,825,000.00 |
| Oct 23, 2020 | OceanaGold Corp | OGC | 8,550,000 | $2.06 | $17,613,000.00 |
| Oct 16, 2020 | Intl Tower Hill Mines Ltd | ITH | 7,334,513 | $1.40 | $13,551,592.41 |
| Oct 14, 2020 | Argonaut Gold Inc | AR | 3,002,650 | $3.83 | $11,500,149.50 |
TSX Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Oct 7, 2020 | Canarc Resource Corp | CCM | 40,000,000 | $0.08 | $3,200,000.00 | 20,000,000 | $0.13 | Oct 7, 2022 |
TSXV Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Oct 29, 2020 | Lumina Gold Corp | LUM | 5,000 | $1,000.00 | $5,000,000.00 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Oct 23, 2020 | Montage Gold Corp | MAU | 27,272,728 | $1.10 | $30,000,000.80 |
| Oct 29, 2020 | Superior Gold Inc | SGI | 24,644,500 | $0.70 | $16,215,822.23 |
| Oct 5, 2020 | Contact Gold Inc | C | 69,412,978 | $0.20 | $13,535,530.71 |
| Oct 29, 2020 | Patagonia Gold Corp | PGDC | 44,040,277 | $0.30 | $13,212,083.10 |
| Oct 2, 2020 | Trillium Gold Mines Inc | TGM | 2,479,400 | $2.42 | $6,000,148.00 |
| Oct 30, 2020 | Montage Gold Corp | MAU | 4,090,909 | $1.10 | $4,499,999.90 |
| Oct 14, 2020 | Galleon Gold Corp | GGO | 18,418,333 | $0.17 | $3,131,116.61 |
| Oct 2, 2020 | Trillium Gold Mines Inc | TGM | 1,631,600 | $1.90 | $3,100,040.00 |
| Oct 28, 2020 | SKRR Explorations Inc | SKRR | 8,478,885 | $0.28 | $2,374,087.80 |
| Oct 21, 2020 | Allegiant Gold Ltd | AUAU | 3,201,766 | $0.50 | $1,604,404.94 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| Oct 29, 2020 | Benz Mining Corp | BZ | 14,857,142 | $0.88 | $12,999,999.25 | 7,428,571 | $1.00 | Oct 29, 2022 |
| Oct 29, 2020 | Aurania Resources Ltd | ARU | 2,679,500 | $4.30 | $11,521,850.00 | 1,339,750 | $5.50 | Oct 29, 2022 |
| Oct 22, 2020 | Aton Resources Inc | AAN | 17,915,000 | $0.40 | $7,166,000.00 | 8,957,500 | $0.80 | Oct 22, 2023 |
| Oct 20, 2020 | Volcanic Gold Mines Inc | VG | 12,546,500 | $0.55 | $6,900,575.00 | 6,273,250 | $0.70 | Apr 20, 2022 |
| Oct 13, 2020 | Maple Gold Mines Ltd | MGM | 25,840,000 | $0.24 | $6,175,760.00 | 25,840,000 | $0.34 | Oct 13, 2023 |
| Oct 16, 2020 | Fokus Mining Corp | FKM | 12,500,000 | $0.40 | $5,000,000.00 | 6,250,000 | $0.45 | Oct 16, 2023 |
| Oct 29, 2020 | Labrador Gold Corp | LAB | 7,500,000 | $0.54 | $4,050,000.00 | 7,500,000 | $0.60 | Oct 29, 2022 |
| Oct 2, 2020 | Trillium Gold Mines Inc | TGM | 2,263,000 | $1.70 | $3,847,100.00 | 1,131,500 | $2.60 | Oct 2, 2022 |
| Oct 23, 2020 | Bmex Gold Inc | BMEX | 6,666,666 | $0.53 | $3,549,999.65 | 3,333,333 | $0.50 | Apr 23, 2022 |
| Oct 14, 2020 | Galleon Gold Corp | GGO | 28,870,667 | $0.12 | $3,464,480.04 | 28,870,667 | $0.18 | Oct 14, 2023 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| Oct 16, 2020 | Gold Port Corp | GPO | 28,575,832 | $0.12 | $3,429,099.84 |
| Oct 16, 2020 | Winston Gold Mining Corp | WGC | 26,815,013 | $0.09 | $2,413,351.17 |
| Oct 1, 2020 | Cross River Ventures Corp | CRVC | 7,000,000 | $0.25 | $1,750,000.00 |
| Oct 22, 2020 | Sassy Resources Corp | SASY | 1,375,001 | $1.20 | $1,650,001.20 |
| Oct 13, 2020 | Exploits Discovery Corp | NFLD | 4,171,428 | $0.35 | $1,459,999.80 |
| Oct 22, 2020 | Sassy Resources Corp | SASY | 1,578,628 | $0.90 | $1,420,765.20 |
| Oct 23, 2020 | Sentinel Resources | SNL | 2,000,000 | $0.50 | $1,000,000.00 |
| Oct 26, 2020 | Arctic Hunter Energy Inc | AHU | 3,050,000 | $0.15 | $457,500.00 |
| Oct 19, 2020 | Peloton Minerals Corp | PMC | 4,966,667 | $0.08 | $372,500.03 |
| Oct 7, 2020 | Top Exploration Inc | TE | 14,500,000 | $0.02 | $290,000.00 |
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.
