Reports
The Gold Review
September 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
It's an interesting time for gold as we move into September. The spot price of gold may have eased off quite a bit since its record-breaking 2020 highs, at ~US$1780 an ounce at the time of writing, it remains relatively high—especially considering that, after 2012, it didn't break $1680 an ounce until July 2020.
As always, it seems to be a strong bet as a safe haven asset, and as the Fed has indicated quantitative easing will continue for some time and the COVID-19 pandemic continues to hamper supply lines and cause chaos in the markets, our outlook for the precious metal is positive.
For those looking to enter into the gold market without the volatility of junior mining stocks or the up-and-down returns of spot gold, we'd urge you to consider our sponsor for this month, Gold Royalty Corp (NYSE American: GROY). GROY is among the fastest-growing precious metals royalty companies in the industry, with a tremendous run since its inception and one of the most diverse royalty portfolios we've yet seen.
Total Raised by Month (12 Month Period)
$9,622,302,429
$263,163,083
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top 5 Brokered Financings ($CAD)
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
---|---|---|---|---|---|---|
Sep 15, 2021 | G Mining Ventures Corp | GMIN | 74,224,042 | $0.95 | $70,512,839.90 | Sprott Capital Partners |
Sep 2, 2021 | Maverix Metals Inc | MMX | 40,000 | $1,000.00 | $50,447,880.00 | National Bank of Canada |
Sep 28, 2021 | Pure Gold Mining Inc | PGM | 21,905,200 | $1.05 | $23,000,460.00 | National Bank Financial |
Sep 17, 2021 | Integra Resources Corp | ITR | 6,785,000 | $2.55 | $21,897,613.85 | Raymond James |
Sep 22, 2021 | Candelaria Mining Corp | CAND | 17,622,494 | $0.45 | $7,930,122.30 | Echelon Wealth Partners |
Top 5 Non-Brokered Financings ($CAD)
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Agents |
---|---|---|---|---|---|---|
Sep 21, 2021 | Great Panther Mining Ltd | GPR | 20,000 | $1,000.00 | $20,000,000.00 | Non-brokered |
Sep 8, 2021 | Sandfire Resources America Inc | SFR | 12,000 | $1,000.00 | $15,106,296.00 | Non-brokered |
Sep 9, 2021 | Skeena Resources Ltd | SKE | 346,364 | $20.21 | $7,000,016.44 | Non-brokered |
Sep 21, 2021 | Great Panther Mining Ltd | GPR | 5,000 | $1,000.00 | $5,000,000.00 | Non-brokered |
Sep 28, 2021 | Benchmark Metals Inc | BNCH | 10,473,163 | $0.39 | $4,084,533.57 | Non-brokered |
Top Financings by Region ($CAD)
Top 5 Leading Investors ($CAD)
Top Exercised Warrants in the Money
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Sep 28, 2021 | Benchmark Metals Inc | BNCH | 10,473,163 | $0.39 | $4,084,533.57 |
TSX Top Equity
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Sep 9, 2021 | Skeena Resources Ltd | SKE | 346,364 | $20.21 | $7,000,016.44 |
TSX Top Warrant
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
---|---|---|---|---|---|---|---|---|
Sep 24, 2021 | Sulliden Mining Capital Inc | SMC | 7,500,000 | $0.06 | $450,000.00 | 7,500,000 | $0.25 | Sep 24, 2026 |
TSX Top Debt
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Sep 21, 2021 | Great Panther Mining Ltd | GPR | 20,000 | $1,000.00 | $20,000,000.00 |
Sep 21, 2021 | Great Panther Mining Ltd | GPR | 5,000 | $1,000.00 | $5,000,000.00 |
TSXV Top Equity
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Sep 17, 2021 | Integra Resources Corp | ITR | 6,785,000 | $2.55 | $21,897,613.85 |
Sep 1, 2021 | Tempus Resources Ltd | TMRR | 10,321,694 | $0.26 | $2,652,675.36 |
Sep 1, 2021 | Tempus Resources Ltd | TMRR | 10,990,000 | $0.21 | $2,128,326.92 |
Sep 24, 2021 | Rockhaven Resources Ltd | RK | 15,000,000 | $0.11 | $1,650,000.00 |
Sep 1, 2021 | Tempus Resources Ltd | TMRR | 3,678,306 | $0.26 | $945,324.64 |
Sep 1, 2021 | Sirios Resources Inc | SOI | 6,562,266 | $0.12 | $787,471.92 |
Sep 9, 2021 | Homerun Resources Inc | HMR | 7,177,317 | $0.10 | $717,731.70 |
Sep 28, 2021 | Northern Shield Resources Inc | NRN | 5,000,000 | $0.06 | $300,000.00 |
Sep 3, 2021 | Providence Gold Mines Inc | PHD | 3,864,571 | $0.07 | $270,519.97 |
Sep 15, 2021 | Millennial Precious Metals Corp | MPM | 350,000 | $0.61 | $213,500.00 |
TSXV Top Warrant
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
---|---|---|---|---|---|---|---|---|
Sep 15, 2021 | G Mining Ventures Corp | GMIN | 74,224,042 | $0.95 | $70,512,839.90 | 37,112,021 | $1.90 | Sep 15, 2024 |
Sep 28, 2021 | Pure Gold Mining Inc | PGM | 21,905,200 | $1.05 | $23,000,460.00 | 10,952,600 | $1.36 | Mar 28, 2023 |
Sep 22, 2021 | Candelaria Mining Corp | CAND | 17,622,494 | $0.45 | $7,930,122.30 | 8,811,247 | $0.65 | Sep 22, 2024 |
Sep 8, 2021 | Lucky Minerals Inc | LKY | 34,098,000 | $0.08 | $2,727,840.00 | 34,098,000 | $0.15 | Sep 8, 2023 |
Sep 9, 2021 | St James Gold Corp | LORD | 424,391 | $3.22 | $1,366,539.02 | 424,391 | $4.18 | Sep 9, 2024 |
Sep 27, 2021 | Granada Gold Mine Inc | GGM | 7,857,143 | $0.14 | $1,100,000.02 | 3,928,571 | $0.20 | Sep 27, 2023 |
Sep 9, 2021 | Highland Resources Inc | HI | 10,500,000 | $0.10 | $1,050,000.00 | 5,250,000 | $0.18 | Sep 9, 2023 |
Sep 13, 2021 | Glen Eagle Resources Inc | GER | 14,285,713 | $0.07 | $999,999.91 | 14,285,713 | $0.09 | Sep 13, 2023 |
Sep 8, 2021 | Warrior Gold Inc | WAR | 6,250,000 | $0.11 | $656,250.00 | 6,250,000 | $0.15 | Mar 8, 2023 |
TSXV Top Debt
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Sep 2, 2021 | Maverix Metals Inc | MMX | 40,000 | $1,000.00 | $50,447,880.00 |
Sep 8, 2021 | Sandfire Resources America Inc | SFR | 12,000 | $1,000.00 | $15,106,296.00 |
Sep 15, 2021 | Gowest Gold Ltd | GWA | 500 | $1,000.00 | $500,000.00 |
CSE Top Equity
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
---|---|---|---|---|---|
Sep 1, 2021 | Genius Metals Inc | GENI | 1,616,571 | $0.28 | $452,639.88 |
Sep 1, 2021 | Sixty North Gold Mining Ltd | SXTY | 2,219,228 | $0.07 | $144,249.82 |
CSE Top Warrant
Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
---|---|---|---|---|---|---|---|---|
Sep 7, 2021 | Freeman Gold Corp | FMAN | 11,537,692 | $0.26 | $2,999,799.92 | 11,537,692 | $0.35 | Sep 7, 2024 |
Sep 1, 2021 | Genius Metals Inc | GENI | 7,062,500 | $0.20 | $1,412,500.00 | 7,062,500 | $0.35 | Mar 1, 2023 |
Sep 1, 2021 | Genius Metals Inc | GENI | 1,766,667 | $0.30 | $530,000.10 | 883,333 | $0.40 | Mar 1, 2023 |
Sep 14, 2021 | Goldn Futures Mineral Corp | FUTR | 3,065,106 | $0.10 | $291,185.07 | 3,065,106 | $0.12 | Sep 14, 2023 |
Sep 14, 2021 | Goldn Futures Mineral Corp | FUTR | 3,065,106 | $0.09 | $260,534.01 | 3,065,106 | $0.12 | Sep 14, 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.