Reports

The Gold Review

September 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

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.

Sponsored by
NYSE: GROY | NYSE: GROY.WS

Total Raised by Month (12 Month Period)

12 month Total:
$9,622,302,429
September Total:
$263,163,083
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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
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)

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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
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

  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.