Reports
The Gold Review
October 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
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.
Total Raised by Month (12 Month Period)
$10,006,163,379
$978,731,857
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($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)
Top 5 Leading Investors ($CAD)
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
- Total units shown consist of shares and warrants.
- Prices are represented in the currency of the placement
- Gross proceed figures are converted to $CAD.