Reports

The Gold Review

October 2021

Track 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!

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Summary

The total dollars raised in gold financings plummeted in September, but in October, it climbed considerably—if still a far cry from its August highs. The price of gold, meanwhile, has continued to hover at around ~$1780 an ounce.

While COVID concerns have begun to ease a bit, supply lines remain broken, and the globe is still experiencing a disturbing energy shock. All of this uncertainty, coupled with ongoing quantitative easing, has goldbugs predicting a fresh run for the yellow metal in the coming several months. But for now, we seem to be amid a stall in a bull run that legendary speculator Rick Rule says we're only about 40% through.

For any investor even remotely interested in this sector, we'd urge you to look into Gold Royalty Corp. (NYSE American: GROY), our sponsor for this month's report and one of the fastest-growing companies in the entire sector. GROY's royalty model gives investors powerful exposure to the gold space without many of the risks and costs associated with mining companies. It's been generating a lot of buzz, and it's certainly worth your attention.

Sponsored by
NYSE: GROY | NYSE: GROY.WS

Total Raised by Month (12 Month Period)

12 month Total:
$10,006,163,379
October Total:
$978,731,857
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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 1, 2021 Endeavour Mining Corp EDV 500,000 $1,000.00 $500,000,000.00 Brokered
Oct 15, 2021 Eldorado Gold Corp ELD 250,000 $1,000.00 $309,770,000.00 Brokered
Oct 21, 2021 Goldmining Inc GOLD 20,000 $1,000.00 $24,676,420.00 Bank of Montreal
Oct 21, 2021 BonTerra Resources Inc BTR 7,935,000 $1.47 $11,664,450.00 Cormark Securities
Oct 6, 2021 Lumina Gold Corp LUM 16,179,500 $0.60 $9,707,700.00 Haywood Securities

Top 5 Non-Brokered Financings ($CAD)

Announced Company Ticker Units1 Price2 Gross Proceeds3 Agents
Oct 4, 2021 Sabina Gold & Silver Corp SBB 7,200,822 $1.87 $13,465,537.14 Non-brokered
Oct 6, 2021 Lumina Gold Corp LUM 15,468,111 $0.60 $9,280,866.60 Non-brokered
Oct 29, 2021 Condor Gold plc COG 11,714,286 $0.35 $6,976,129.67 Non-brokered
Oct 14, 2021 Roscan Minerals Corp ROS 22,086,121 $0.29 $6,404,975.09 Non-brokered
Oct 19, 2021 Otso Gold Corp OTSO 105,650,000 $0.06 $6,339,000.00 Non-brokered

Top Financings by Region ($CAD)

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Top 5 Leading Investors ($CAD)

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Top Exercised Warrants in the Money

Announced Company Ticker Units1 Price2 Gross Proceeds3
Oct 12, 2021 Belmont Resources Inc BEA 2,600,000 $0.05 $130,000.00

TSX Top Equity

Announced Company Ticker Units1 Price2 Gross Proceeds3
Oct 4, 2021 Sabina Gold & Silver Corp SBB 7,200,822 $1.87 $13,465,537.14
Oct 12, 2021 Erdene Resource Development Corp ERD 17,484,662 $0.36 $6,294,478.32
Oct 28, 2021 Canagold Resources Ltd CCM 10,600,000 $0.50 $5,300,000.00

TSX Top Warrant

Announced Company Ticker Units1 Price2 Gross Proceeds3 Warrants Strike Strike Date
Oct 29, 2021 Condor Gold plc COG 11,714,286 $0.35 $6,976,129.67 5,857,143 $0.50 Oct 29, 2023
Oct 6, 2021 Fury Gold Mines Ltd FURY 5,085,670 $0.75 $3,814,252.50 5,085,670 $1.20 Oct 6, 2024
Oct 13, 2021 Fury Gold Mines Ltd FURY 2,375,780 $0.75 $1,781,835.00 2,375,780 $1.20 Oct 13, 2024

TSX Top Debt

Announced Company Ticker Units1 Price2 Gross Proceeds3
Oct 1, 2021 Endeavour Mining Corp EDV 500,000 $1,000.00 $500,000,000.00
Oct 15, 2021 Eldorado Gold Corp ELD 250,000 $1,000.00 $309,770,000.00
Oct 21, 2021 Goldmining Inc GOLD 20,000 $1,000.00 $24,676,420.00

TSXV Top Equity

Announced Company Ticker Units1 Price2 Gross Proceeds3
Oct 21, 2021 BonTerra Resources Inc BTR 7,935,000 $1.47 $11,664,450.00
Oct 6, 2021 Lumina Gold Corp LUM 16,179,500 $0.60 $9,707,700.00
Oct 6, 2021 Lumina Gold Corp LUM 15,468,111 $0.60 $9,280,866.60
Oct 27, 2021 QC Copper and Gold Inc QCCU 11,615,000 $0.60 $6,969,000.00
Oct 14, 2021 Roscan Minerals Corp ROS 22,086,121 $0.29 $6,404,975.09
Oct 4, 2021 Solstice Gold Corp SGC 25,000,000 $0.10 $2,500,000.00
Oct 21, 2021 Vior Inc VIO 5,327,628 $0.28 $1,491,735.84
Oct 4, 2021 P2 Gold Inc PGLD 2,520,000 $0.50 $1,260,000.00
Oct 13, 2021 Fredonia Mining Inc FRED 2,200,000 $0.29 $634,920.00
Oct 21, 2021 Scorpio Gold Corp SGN 4,581,401 $0.10 $435,233.10

TSXV Top Warrant

Announced Company Ticker Units1 Price2 Gross Proceeds3 Warrants Strike Strike Date
Oct 21, 2021 Aurania Resources Ltd ARU 3,835,250 $1.80 $6,903,450.00 3,835,250 $2.20 Oct 21, 2026
Oct 19, 2021 Otso Gold Corp OTSO 105,650,000 $0.06 $6,339,000.00 105,650,000 $0.08 Oct 19, 2026
Oct 21, 2021 Cantex Mine Development Corp CD 8,400,000 $0.50 $4,200,000.00 4,200,000 $0.65 Oct 21, 2023
Oct 27, 2021 Rugby Mining Ltd RUG 33,414,312 $0.12 $4,009,717.44 16,707,154 $0.20 Apr 27, 2023
Oct 5, 2021 Pure Gold Mining Inc PGM 3,307,619 $1.05 $3,472,999.95 1,653,809 $1.36 May 1, 2023
Oct 6, 2021 Unigold Inc UGD 18,000,000 $0.13 $2,340,000.00 18,000,000 $0.15 Feb 7, 2022
Oct 21, 2021 Aurania Resources Ltd ARU 1,256,037 $1.80 $2,260,866.60 1,256,037 $2.20 Oct 21, 2026
Oct 22, 2021 Klondike Gold Corp KG 9,675,000 $0.20 $1,935,000.00 4,837,500 $0.25 Oct 22, 2023
Oct 8, 2021 ALX Resources Corp AL 17,894,735 $0.10 $1,699,999.83 8,947,367 $0.14 Oct 8, 2023
Oct 1, 2021 Gold Line Resources Ltd GLDL 11,200,000 $0.12 $1,344,000.00 11,200,000 $0.18 Oct 1, 2023

TSXV Top Debt

Announced Company Ticker Units1 Price2 Gross Proceeds3
Oct 22, 2021 Scorpio Gold Corp SGN 500 $1,000.00 $617,015.00
Oct 27, 2021 Aton Resources Inc AAN 500 $1,000.00 $500,000.00

CSE Top Equity

Announced Company Ticker Units1 Price2 Gross Proceeds3
Oct 28, 2021 Tarachi Gold Corp TRG 4,396,667 $0.15 $659,500.05
Oct 5, 2021 Leopand Lake Gold Corp LP 3,690,000 $0.10 $369,000.00
Oct 7, 2021 Mosaic Minerals Corp MOC 3,000,000 $0.10 $300,000.00

CSE Top Warrant

Announced Company Ticker Units1 Price2 Gross Proceeds3 Warrants Strike Strike Date
Oct 1, 2021 RooGold Inc ROO 10,530,000 $0.25 $2,632,500.00 5,265,000 $0.40 Oct 1, 2023
Oct 22, 2021 Provenance Gold Corp PAU 11,973,999 $0.13 $1,556,619.87 11,973,999 $0.20 Oct 22, 2024
Oct 28, 2021 Forty Pillars Mining Corp PLLR 15,000,000 $0.10 $1,500,000.00 15,000,000 $0.12 Oct 28, 2024
Oct 6, 2021 RT Minerals Corp RTM 8,501,666 $0.06 $510,099.96 8,501,666 $0.06 Oct 6, 2023
Oct 1, 2021 79North Inc JQ 1,300,000 $0.15 $195,000.00 650,000 $0.25 Oct 1, 2024
Oct 29, 2021 IMC Intl Mining Corp IMCX 925,000 $0.20 $185,000.00 925,000 $0.30 Oct 29, 2023
Oct 6, 2021 RT Minerals Corp RTM 3,200,000 $0.05 $160,000.00 3,200,000 $0.06 Oct 6, 2023
Oct 27, 2021 RT Minerals Corp RTM 2,000,000 $0.05 $100,000.00 2,000,000 $0.07 Oct 27, 2023
Oct 29, 2021 IMC Intl Mining Corp IMCX 110,000 $0.15 $16,500.00 110,000 $0.30 Oct 29, 2023

Footnotes

  1. Total units shown consist of shares and warrants.
  2. Prices are represented in the currency of the placement
  3. Gross proceed figures are converted to $CAD.