Centerra Gold Inc.
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Thesis Gold Announces Upsize of Bought Deal Private Placement to C$24 Million
Globenewswire· 2025-06-12 15:11
Core Viewpoint - Thesis Gold has increased its underwritten offering from C$20 million to C$24 million due to strong investor demand [1] Offering Details - The Offering will consist of three types of flow-through shares: - 5,770,000 BC CEE Flow-Through Shares at C$1.56 each for gross proceeds of C$9,001,200 [2] - 8,660,000 National CEE Flow-Through Shares at C$1.445 each for gross proceeds of C$12,513,700 [2] - 1,930,000 Traditional Flow-Through Shares at C$1.30 each for gross proceeds of C$2,509,000 [2] - The Underwriters have an option to purchase up to an additional 15% of the Offering to cover over-allotments [2] Participation and Rights - Centerra Gold Inc. intends to participate in the Offering to maintain its shareholding interest in Thesis Gold [3] Regulatory and Compliance - All securities issued will be subject to a four-month hold period and the Offering is subject to approval by the TSX Venture Exchange [4][7] Financial Terms - The Company will pay a cash commission of 6% of the gross proceeds to the Underwriters upon closing [5] Use of Proceeds - Gross proceeds will be used for eligible Canadian exploration expenses related to the Lawyers Ranch project in British Columbia [6] Project Overview - Thesis Gold is focused on the Lawyers-Ranch Project, which has shown a 35.2% after-tax IRR and an after-tax NPV5% of C$1.28 billion [8]
Centerra Gold Publishes 2024 Sustainability Report
Globenewswire· 2025-06-05 21:00
Core Viewpoint - Centerra Gold Inc. has published its 2024 Sustainability Report, highlighting its performance in Environmental, Social, and Governance (ESG) areas, emphasizing responsible mining as a driver of long-term value and growth [1]. Environmental - Total global scope 1 and 2 greenhouse gas (GHG) emissions were 137,719 and 34,727 tonnes of carbon dioxide equivalent (tCO2e) respectively [6]. - Emissions per ounce of gold produced at Mount Milligan and Öksüt were 0.28 tCO2e, significantly below the sector's average of 0.66 tCO2e [6]. - The company implemented a climate change strategy focusing on site-level decarbonization initiatives and climate risk scenario analysis [6]. - Öksüt received ISO 50001 energy management system certification and compliance certification from the International Cyanide Management Institute [6]. - Mount Milligan improved mine water recycling to reduce freshwater intake [6]. Social - The total reportable injury frequency rate decreased to 0.71 from 0.76 in the previous year [6]. - Collaboration with Indigenous-owned businesses increased by 31%, reaching 21 businesses from 16 in 2023 [6]. - Indigenous employee representation across British Columbia operations reached 19% [6]. - Local procurement spending rose by 26% from 2023, totaling $134 million in 2024 [6]. - The company surpassed its 2026 gender diversity goal for the second consecutive year, achieving 38% female representation on the Board of Directors and 33% among officers [6]. Governance - Centerra received independent assurance of conformance with the World Gold Council's Responsible Gold Mining Principles [6].
Headwater Gold Identifies Outcropping High-Grade Veins at its New Doug Target on the Spring Peak Property, Nevada
Thenewswire· 2025-05-28 10:30
Core Viewpoint - Headwater Gold Inc. has identified high-grade epithermal veins at the newly discovered Doug target within its Spring Peak project in Nevada, indicating significant mineral potential in the area [1][4]. Exploration and Discovery - The Doug target is located approximately 9 km north of the Disco Zone and is along the Bear Fault, which is a significant geological structure associated with mineralization [2][11]. - Recent surface exploration has confirmed the presence of outcropping epithermal quartz veins, with notable gold grades of 21.8 g/t, 9.52 g/t, and 7.82 g/t [5][10]. - The Bear Fault corridor is interpreted as a district-scale structure that may host multiple significant mineralized zones, with Headwater controlling over 12 km of strike extent in this area [4][12]. Geological Insights - The vein textures and geochemistry at the Doug target suggest a high-level position within an epithermal system, indicating the potential for preserved high-grade vein targets at depth [5][7]. - Geological mapping is ongoing to understand the relationship between the stockwork zone and major mineralized structures, including the Bear Fault and Aurora Mine vein corridor [11]. Project Expansion - Headwater has expanded its land position by staking 509 new mining claims, bringing the total to over 15 km of continuous strike length along the Bodie–Aurora–Borealis trend, which has historically produced over 4 million ounces of gold [12][13]. - The Spring Peak project is strategically located near existing infrastructure, including a mill and production water wells, enhancing its exploration potential [13]. Future Plans - A systematic program of geological mapping and geochemical sampling is underway, alongside the interpretation of recent geophysical survey results to guide further exploration [13][14].
Azimut Closes $8.7 Million Private Placement
Globenewswire· 2025-05-16 20:15
Core Viewpoint - Azimut Exploration Inc. has successfully closed a non-brokered private placement with Centerra Gold Inc. and other entities, raising a total of $8,712,400 to support its exploration activities and business development [1][2][3]. Group 1: Financial Details - Azimut issued 9,935,000 common shares to Centerra for gross proceeds of $5,961,000 [1] - A concurrent private placement raised an additional $2,751,400, totaling 14,520,666 common shares issued at a price of $0.60 per share [2] - The total gross proceeds from the Offering amount to $8,712,400 [2] Group 2: Strategic Implications - Centerra now holds approximately 9.9% of Azimut's issued and outstanding common shares, marking its entry as a strategic investor [2] - The proceeds will be utilized to expand exploration activities on the Wabamisk (gold-antimony) and Elmer (gold-copper) properties, as well as for general corporate purposes [3] - Azimut anticipates a significant level of exploration activity over the next 12 months, including partner-funded exploration at the Kukamas (nickel-copper-platinum-palladium) project [3] Group 3: Investor Rights and Related Transactions - An investor rights agreement has been executed with Centerra, allowing it to participate in future equity issuances to maintain its ownership interest [4] - Agnico Eagle has subscribed for 833,333 common shares for gross proceeds of $499,999.80, representing approximately 11% of Azimut's issued and outstanding common shares post-offering [5] - The Agnico Offering is classified as a related party transaction under Multilateral Instrument 61-101, with exemptions applied for formal valuation and minority shareholder approval [5] Group 4: Regulatory and Compliance - The Offering is subject to final approval by the TSX Venture Exchange, with a hold period of four months and one day for all securities issued [6] - A material change report will be filed less than 21 days prior to the closing date of the Agnico Offering due to timing constraints [5]
Centerra Gold Announces Results of 2025 Annual Meeting of Shareholders
Globenewswire· 2025-05-06 20:45
Core Points - Centerra Gold Inc. held its 2025 Annual Meeting of Shareholders on May 6, 2025, with 159,054,649 shares represented, accounting for 76.22% of common shares issued and outstanding [1] Group 1: Election of Directors - All nominee directors listed in the management information circular dated March 11, 2025, were elected [2] - Voting results for directors showed high approval rates, with Karen David-Green receiving 99.73% votes for, and Michael S. Parrett receiving 98.14% votes for [3] Group 2: Appointment of Auditors - KPMG LLP was re-appointed as the auditor of the Company, with the Board authorized to fix the auditor's remuneration [4] - The appointment received 95.92% votes for, with 4.08% votes withheld [5] Group 3: Advisory Vote on Executive Compensation - The non-binding resolution approving the Company's approach to executive compensation was approved [6] - The advisory vote on executive compensation received 98.66% votes for, with 1.34% votes against [7] Group 4: Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide [8]
Azimut Arranges Strategic Investment by Centerra Gold
Globenewswire· 2025-04-28 10:30
Core Viewpoint - Azimut Exploration Inc. has entered into a subscription agreement with Centerra Gold Inc. for a private placement of 9,430,000 common shares at $0.60 per share, raising gross proceeds of $5,658,000, which will enhance Azimut's exploration capabilities in Québec [1][2]. Group 1: Investment Details - Centerra will acquire approximately 9.9% of Azimut's issued and outstanding common shares following the completion of the Offering [1]. - The Offering is expected to close on or about May 14, 2025, subject to TSX Venture Exchange approval and the execution of an investor rights agreement [3]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated for exploration work on Azimut's wholly owned properties, including the Elmer and Wabamisk projects, as well as for business development and general corporate purposes [2]. - A significant level of exploration activity is anticipated over the next 12 months, supported by partner-funded exploration at the Kukamas project [2]. Group 3: Company Overview - Azimut is recognized for its mineral exploration capabilities, holding the largest mineral exploration portfolio in Québec, focusing on gold, copper, nickel, and lithium [5]. - The Elmer Gold Project, Azimut's flagship project, has a resource estimate of 311,200 ounces indicated and 513,900 ounces inferred at a gold price of US$1,800 per ounce, indicating strong exploration potential [6]. - Azimut employs a proprietary big data analytics system, AZtechMine™, to enhance its exploration efforts and maintain a strong financial position with 85.8 million shares issued and outstanding [7].
Dryden Gold Receives Notice of Top-Up Right from Centerra Gold
Newsfile· 2025-04-23 12:50
ABOUT DRYDEN GOLD CORP. Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") announces that, further to the investor rights agreement dated December 17, 2024, (the "Centerra IRA") between the Company and Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) ("Centerra"), Centerra has issued to the Company notice of their intention to exercise their 'top-up right' as it relates to certain share issuances completed by the Company th ...
Headwater Gold Intercepts 3.55 g/t Au over 7.62 m in New Target Area at Spring Peak Project, Nevada
Thenewswire· 2025-02-27 11:30
Core Insights - Headwater Gold Inc. announced successful results from its 2024 drill program at the Spring Peak project, significantly expanding high-grade mineralization and identifying new target zones for future drilling [1][2][3] Drilling Program Overview - The 2024 drill program involved 6,205 meters of drilling across 18 holes, focusing on new target areas and extensions of known mineralization along the Bear Fault corridor [3][4] - The program successfully confirmed high-grade gold in the new Shadow target and extended mineralization in the Southpaw target, indicating a strike extent of over one kilometer in the Bear Fault corridor [2][3][4] Key Target Areas - **Shadow Target**: Drill hole SP24-57 intersected 7.62 meters grading 3.55 g/t Au and 4.57 meters grading 3.16 g/t Au, including 1.52 meters at 7.67 g/t Au beneath a mercury-in-soil anomaly [4][6] - **Southpaw Target**: Drill holes SP24-52 and SP24-53 returned 4.75 g/t Au over 1.52 meters and 3.23 g/t Au over 1.52 meters, respectively, indicating strong mineralization in a significant step-out from the Disco Zone [4][10] - **Opal Ridge**: Anomalous gold was encountered in two drill holes, expanding the footprint of gold mineralization in the area [4][13] Mineralization Insights - The Bear Fault corridor, controlled by Headwater, has a strike extent of 15 kilometers, with drilling to date testing less than 1.5 kilometers, confirming high-grade mineralization and potential for parallel structures [4][10] - The presence of antimony and mercury associated with gold mineralization at depth serves as a critical tool for ongoing exploration efforts [6][10] Future Plans - The company plans to finalize the next phase of drilling to further explore and expand the high-grade mineralization footprint identified in the 2024 program [2][3]