Detour Gold

Metals Acquisition Ltd Dual Lists on ASX Following Upsized A$325 million IPO

Retrieved on: 
Tuesday, February 20, 2024
Mining, Minerals, Natural Resources, Slate, Acquisition, MAC, Partnership, Growth, Detour Gold, Sale, CDI, CSA, ESG, Gold, IPO, ASX, Metal, Palladium, Australian Securities Exchange, Copper, Stillwater Mining Company, Sibanye-Stillwater, Security (finance)

Given the level of demand under the bookbuild process in connection with the Offer, MAC determined to upsize the raise from A$300 million to A$325 million.

Key Points: 
  • Given the level of demand under the bookbuild process in connection with the Offer, MAC determined to upsize the raise from A$300 million to A$325 million.
  • This cements MAC’s IPO as the biggest ASX mining listing based on market capitalisation in over 5 years.
  • Barrenjoey Markets Pty Limited and Canaccord Genuity (Australia) Limited acted as joint lead managers to the IPO.
  • On behalf of the Board and employees, I would like to thank our new shareholders for their support in what has been a strongly backed ASX IPO.

Probe Gold Completes Previously Announced Bought Deal Private Placement of $10 Million

Retrieved on: 
Friday, December 22, 2023
National instrument, La Peltrie, Gold, BMO Capital Markets, PRB, NEWS, Treasury, Common, Part, Growth, Detour Gold, TSX, Indian stock exchange, Detour, Offering, Security (finance)

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement (pursuant to the listed issuer financing exemption (“LIFE”)), for aggregate gross proceeds of approximately C$10 million (the “Offering”). The Offering was comprised of 4,545,400 Canadian Exploration Expense (“CEE”) flow-through common shares (the “Flow-Through Common Shares”) of the Company, at a price of C$2.20 per Flow-Through Common Share.

Key Points: 
  • THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
    TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement (pursuant to the listed issuer financing exemption (“LIFE”)), for aggregate gross proceeds of approximately C$10 million (the “Offering”).
  • David Palmer, President and CEO of Probe, states: “We are delighted with the robust support received for the Offering.
  • In 2024, our focus will be on expanding our resources, exploring new gold targets and advancing development studies at Novador in Val-d’Or.
  • The Company plans to use the gross proceeds from the Offering to fund exploration and drilling at the Novador Gold project and the Detour Gold project.

Probe Gold Announces C$10 Million Bought Deal Financing

Retrieved on: 
Tuesday, December 12, 2023
Sale, BMO Capital Markets, PRB, News, Common, Detour Gold, TSX, Toronto Stock Exchange, Offering, Security (finance)

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of private placement (pursuant to the listed issuer financing exemption (“LIFE”)), 4,545,400 Canadian Exploration Expense (“CEE”) flow-through common shares (the “Flow-Through Common Shares”) of the Company, at a price of C$2.20 per Flow-Through Common Share for gross proceeds of approximately C$10 million (the “Offering”).

Key Points: 
  • Not for distribution to U.S. news wire services or dissemination in the United States.
  • The Company intends to use the net proceeds of the Offering to continue exploration and drilling at its Novador Gold project and Detour Gold project.
  • The Offering is expected to close on or about December 22, 2023 and is subject to Probe receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
  • The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023
Aurora, FNM, Pan-American, Press release, Palladium, PDT, Filo, Annual report, PAAS, Silver, Form 10-K, Platinum, Gold, Malartic, Metal, News, Agnico Eagle, ANY, Hercules, Safety, Meadowbank, La Colorada, FIL, Security (finance), NW, Copper, Pan American Silver, Research, NOT, PALM, Detour Gold, TSX, AISC, Canadian Malartic Corporation, NEVER, NYSE, OTCQX, OTCQB, Environment, AEM, Uncertainty, Mining, Printed circuit board, Uranium mining, Gum arabic

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023
Aurora, FNM, Pan-American, Press release, Palladium, PDT, Filo, Annual report, PAAS, Silver, Form 10-K, Platinum, Gold, Malartic, Metal, News, Agnico Eagle, ANY, Hercules, Safety, Meadowbank, La Colorada, FIL, Security (finance), NW, Copper, Pan American Silver, Research, NOT, PALM, Detour Gold, TSX, AISC, Canadian Malartic Corporation, NEVER, NYSE, OTCQX, OTCQB, Environment, AEM, Uncertainty, Mining, Printed circuit board, Uranium mining, Gum arabic

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Canada Nickel Provides Corporate Update, Announces Management Appointments and US$12 Million Loan Facility with Auramet International, Inc.

Retrieved on: 
Wednesday, September 6, 2023
Feasibility study, Private equity, TSX Venture Exchange, Construction, Worley (company), EPC, Acquisition, Detour Gold, News, IPT, Corporate development, Capital market, EPCM, Falconbridge, Corporation, Osisko Gold Royalties, Agnico Eagle, Exercise, Goldcorp, Laurentian Bank of Canada, CNC, Engineering, Disclosure, PFS, FEED, PEA, AER, Crawford, Research fellow, PCS, FS, Investment banking, Million Pound Menu, AvCraft Technical Services, Purchase and sale agreement, Mining, Iranian Offshore Engineering and Construction Company, Project delivery method, Management, Security (finance)

TORONTO, Sept. 6, 2023 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the Company's activities, including several new management appointments and a US$12 million loan facility with Auramet International, Inc. ("Auramet").

Key Points: 
  • TORONTO, Sept. 6, 2023 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the Company's activities, including several new management appointments and a US$12 million loan facility with Auramet International, Inc. ("Auramet").
  • Mark Selby, CEO of Canada Nickel, said, "I am very proud of everything our team has accomplished in just four years.
  • Chris Chang joins the Company as Vice-President Corporate Development, after supporting the Company's Corporate Development activities on a part-time basis since 2022.
  • The Company has arranged a US$12 million loan facility with Auramet, which is expected to close on or before September 15, 2023.

Metals Acquisition Limited Appoints Patrice Merrin as Chair of the Board

Retrieved on: 
Tuesday, September 5, 2023
Mining, Minerals, Natural Resources, CSA, Glencore, Nev Power, Stillwater Mining Company, MAC, Acquisition, Detour Gold, NYSE

Metals Acquisition Limited (NYSE: MTAL)(“MAC” or the “Company”) today announced the appointment of Ms. Patrice Merrin as Chair of the Board of Directors.

Key Points: 
  • Metals Acquisition Limited (NYSE: MTAL)(“MAC” or the “Company”) today announced the appointment of Ms. Patrice Merrin as Chair of the Board of Directors.
  • Ms. Merrin replaces Mr. Neville Power who has resigned from the Board to pursue other opportunities.
  • Ms. Merrin chaired the predecessor company, Metals Acquisition Corporation, from its founding until August 2022, when she stepped out of that role as the Company pursued the acquisition of the CSA Copper Mine then owned by Glencore Plc on which board she served from June 2014 until May 2023.
  • Further information related to Ms. Merrin can be found at www.metalsacquisition.com
    “It has been an honour and a privilege to Chair Metals Acquisition Limited through the CSA mine purchase and public listing process.

Probe Gold Begins Summer Drilling Program on its Detour Quebec Project

Retrieved on: 
Tuesday, July 25, 2023
Agnico Eagle, Quartz, PRB, AEM, Vein, Partnership, Wildfire, Fire, IP, Gold, National instrument, Anomaly, Project, TSX, Mining, La Peltrie, Probe, Detour Gold

TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) ("Probe" or the "Company") is pleased to announce the initiation of a 7,500-meter drilling program designed to evaluate high-priority targets on its Detour Quebec project (the "Project"). The program will primarily focus on the La Peltrie area, where a new discovery of copper-gold-silver-molybdenum ("Cu-Au-Ag-Mo") was made (refer to Probe press releases dated December 6, 2022). It will also cover the western region of the Project, adjacent to Agnico Eagle Mines Ltd.'s ("Agnico") Detour Lake mine property, as well as two additional areas. Two helicopter-supported drill rigs have been deployed and will test eight high-priority targets on the Midland La Peltrie Option property and fourteen high-priority targets on Probe's 100%-owned property (see Figure 1).

Key Points: 
  • A 7,500-metre summer drilling program has commenced spanning the Company’s 100% owned Detour Quebec project as well as the Midland La Peltrie Option property.
  • The program will continue testing the large, mineralized copper-gold-silver-molybdenum system discovered in 2022, which remains open along strike and at depth.
  • The drilling will also focus on two new gold targets along the Lower Detour Deformation Zone, as well as follow-up drilling on one gold target along-strike of Agnico Eagle Mines Limited’s 58N high-grade gold discovery, which is approximately 10km to the west.
  • TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) ("Probe" or the "Company") is pleased to announce the initiation of a 7,500-meter drilling program designed to evaluate high-priority targets on its Detour Quebec project (the "Project").

Osisko Announces Appointment of Paul Martin as Interim CEO

Retrieved on: 
Wednesday, July 5, 2023
Chairperson, Public Interest Declassification Board, Detour Gold, Osisko Gold Royalties, Corporation, Mining, Gabriel Resources, NYSE, Management

MONTREAL, July 05, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Corporation”) (OR: TSX & NYSE) today announced the appointment of Mr. Paul Martin, an experienced mining executive, as its interim Chief Executive Officer, and the departure of its President and Chief Executive Officer, Mr. Sandeep Singh, effective immediately.

Key Points: 
  • MONTREAL, July 05, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Corporation”) (OR: TSX & NYSE) today announced the appointment of Mr. Paul Martin, an experienced mining executive, as its interim Chief Executive Officer, and the departure of its President and Chief Executive Officer, Mr. Sandeep Singh, effective immediately.
  • Osisko’s Board of Directors has commenced a search for a new permanent President and Chief Executive Officer.
  • His appointment will ensure a smooth transition and continuity of Osisko’s existing disciplined strategy while the Board undertakes its search for the new President and Chief Executive Officer.
  • “After careful consideration, the independent directors unanimously concluded that a change of CEO was necessary to best position Osisko for continued long-term success.

Canada Gold Mining Market Analysis Report 2023: Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecasts to 2030 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 17, 2023
Mining, Minerals, Natural Resources, Tax, Ohio Department of Natural Resources, Agnico Eagle, Nature, Gold, Reserve, Eldorado Gold, Project, Vale S.A., Cryptocurrency, Detour Gold, New Gold

The "Canada Gold Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Canada Gold Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The report comprehensively covers Canada's reserves of gold, historic and forecast trends in the country's gold production and the key active, exploration and development gold mines and projects.
  • The report also analyses factors affecting the country's demand for gold and profiles the major gold producers.
  • The report contains an overview of Canada's gold mining industry including key demand driving factors affecting the global gold mining industry.