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Aben Gold Closes Private Placement Financing
Globenewswire· 2026-01-27 23:00
Core Viewpoint - Aben Gold Corp. has successfully closed a non-brokered private placement financing, raising a total of CAD $400,000 to support exploration and working capital needs [1][4]. Financing Details - The company issued 5,000,000 units at a price of CAD $0.08 per unit, with each unit consisting of one common share and one warrant [2]. - Each warrant allows the holder to purchase one common share at CAD $0.12 for a period of two years [2]. Insider Participation - Management and Board members, as insiders, subscribed for a total of 550,000 units, generating gross proceeds of CAD $44,000 [3]. - This insider transaction is classified as a related party transaction and is subject to Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval due to the participation not exceeding 25% of the company's market capitalization [3]. Use of Proceeds - The proceeds from the private placement will be allocated towards exploration expenditures and general working capital [4]. Company Overview - Aben Gold Corp. is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project [6]. - The company's objective is to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable regions [6]. Share Information - The company has a total of 28.2 million shares outstanding [7].
Southern Cross Gold Consolidated (OTCPK:MWSN.D) Earnings Call Presentation
2026-01-27 23:00
S U N D A Y C R E E K BUILDING AND EXPANDING A SIGNIFICANT GLOBAL GOLD DISCOVERY Corporate Update 28 January 2026 For personal use only Important Information Overview: This presentation (this "Presentation") dated January 28, 2026, has been prepared by Southern Cross Gold Consolidated Ltd ("SXGC" or the "Company") and is authorized for release by Managing Director, Michael Hudson. Accuracy of Information: Readers are directed to the public disclosure of Southern Cross Gold Consolidated Ltd ("SXGC") availabl ...
International Tower Hill Mines Closes Upsized US$115 Million Equity Financing, including Full Exercise of Underwriters' Option
Prnewswire· 2026-01-27 22:50
Core Viewpoint - International Tower Hill Mines Ltd. has successfully closed a public offering and a concurrent private placement, raising a total of US$114.8 million to fund the exploration and development of the Livengood Gold Project [1][2]. Group 1: Offering Details - The public offering consisted of 33,672,000 common shares priced at US$2.22 per share, generating gross proceeds of US$74.8 million before expenses [1]. - The concurrent private placement involved the sale of 18,018,018 common shares for US$40 million to Paulson & Co. Inc., at the same price as the public offering [1][2]. - An additional purchase of 1,501,982 common shares by Paulson at the same price is expected to generate an extra US$3.3 million, subject to customary closing conditions [5]. Group 2: Use of Proceeds - The net proceeds from both the offering and the private placement will be allocated to various activities related to the Livengood Gold Project, including drilling, feasibility studies, and community engagement [2]. Group 3: Underwriters and Regulatory Compliance - BMO Capital Markets served as the lead book-running manager, with other banks participating as book-running managers for the offering [3]. - The offering was conducted under the Company's effective shelf registration statement with the SEC and also complied with Canadian securities laws [4]. Group 4: Related Party Transactions - The issuance of shares to Paulson and other institutional shareholders is classified as related party transactions under Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval due to the shares' fair market value being below 25% of the Company's market capitalization [6].
Options Corner: Barrick Mining's Crowded Bullish Trade Invites A Quick Downward Scalp - Barrick Mining (NYSE:B)
Benzinga· 2026-01-27 21:48
Barrick Mining Corp (NYSE:B) easily ranks among the hottest securities in the gold market, having gained 18% since the start of January. Additionally, over the past 52 weeks, B stock skyrocketed to the tune of 220%. Still, with so much enthusiasm baked into the security, the immediate concern is that a corrective lull may transpire. Those who are aggressive can use options to scalp some profits on this possible downside.To clarify, the long-term narrative for Barrick stock appears robustly bullish. Fundamen ...
Sixty North Completes Non-Brokered $1,500,000 Unit Offering
TMX Newsfile· 2026-01-27 21:34
Core Viewpoint - Sixty North Gold Mining Ltd. has successfully closed a non-brokered unit financing, raising gross proceeds of $1,500,000 to support exploration and development activities at the Mon Gold Property and for general working capital [1][2]. Financing Details - The financing included finder's fees totaling $51,000 in cash and 480,000 finder's warrants, which is an increase from the previously reported 204,000 finder's warrants [2]. - The proceeds will be allocated for further exploration and development of the Mon Gold Property located in Northwest Territories (NWT) [2]. Company Overview - Sixty North Gold is focused on developing gold mining operations at its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering an estimated 15,000 ounces of gold in the 1990s [3]. - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in the East Limb, West Limb, and DD Zone to support a 100 tonnes per day gravity-flotation mill [3]. Exploration Potential - Additional targets for gold, silver, and base metals exist on the property and will be explored as warranted [4]. - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 grams per tonne (gpt) and two others averaging 15 gpt, contributing to a total production of over 14 million ounces of gold [4].
GORO Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Gold Resource Corporation is Fair to Shareholders
Businesswire· 2026-01-27 20:28
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Gold Resource Corporation to Goldgroup Mining Inc. for 1.4476 common shares of Goldgroup for each share of Gold Resource common stock [1] Group 1: Investigation Details - The investigation focuses on whether Gold Resource and its board of directors violated federal securities laws and/or breached their fiduciary duties to shareholders [3] - Key concerns include whether the best possible consideration was obtained for shareholders, if Goldgroup is underpaying for Gold Resource, and whether all material information necessary for shareholders to assess the merger consideration was disclosed [3] Group 2: Legal Actions - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief related to the proposed transaction [4] - The firm operates on a contingent fee basis, meaning shareholders would not be responsible for out-of-pocket legal fees or expenses [4] Group 3: Firm Background - Halper Sadeh LLC represents investors globally who have been victims of securities fraud and corporate misconduct, recovering millions for defrauded investors [5]
Gold X2 Announces Strategic Investments from AngloGold Ashanti and Hess Capital Through Non-Brokered Private Placement
TMX Newsfile· 2026-01-27 18:44
Financing Highlights - Gold X2 Mining Inc. has announced a non-brokered strategic investment package totaling $115,898,301, which includes 75,659,611 charity flow-through common shares priced at $1.233 each and 23,800,000 units priced at $0.95 each [2][5][8] - The proceeds from the charity flow-through shares will be used for exploration and resource expansion at the Moss Gold Project, with specific tax benefits for initial holders [6][7] - AngloGold Ashanti will acquire approximately 9.9% of the issued common shares through this offering, while Hess Capital will invest in units that include common shares and purchase warrants [8][11] Board of Directors Update - Tom Obradovich has been appointed as Chair of the Board, bringing significant experience from previous successful projects [3][12] - Brett Richards has retired from the Board, having played a key role in the company's formation and growth [3][13] Strategic Partnerships - The company welcomes AngloGold Ashanti and Hess Capital as strategic shareholders, aiming to develop the Moss Gold Project into a major gold producing asset in Canada [4][5] - An investor rights agreement will be established with AngloGold Ashanti, granting them participation rights in future equity financings and the formation of a joint technical committee for project development [9] Project Development - The Moss Gold Project has a mineral resource estimate of 2.458 million ounces of indicated gold resources and 4.209 million ounces of inferred gold resources, with a preliminary economic assessment suggesting strong production potential [15][16] - The company has invested over $100 million and completed approximately 100,000 meters of drilling on the Moss Gold Project, indicating a commitment to advancing this asset [15]
Volatility Skew is Sending a Very Clear Message About Newmont’s (NEM) Golden Rally
Yahoo Finance· 2026-01-27 18:30
Core Viewpoint - Newmont (NEM) has shown remarkable performance in the mining sector, with its stock up over 26% year-to-date, driven by a supply crunch from both monetary and industrial demand [1]. Group 1: Stock Performance - NEM stock is currently priced at $125.92, and there is a positive outlook for its future performance, suggesting it will likely remain above the current market price in the coming years [3]. - Despite the long-term growth potential, there may be a temporary lull in the short term that could present opportunities for quick profits for traders [2]. Group 2: Options Market Insights - The volatility skew indicates that call options are priced higher than put options, particularly at lower strike prices, suggesting that investors are prioritizing upside potential over downside protection [5][6]. - The high demand for call options reflects a crowded trade, where investors are willing to pay a premium for the potential upside of NEM stock [6]. Group 3: Market Dynamics - The backwardation of silver prices is contributing to increased volume in bullish positions for NEM, as the market tends to respond to precious metals collectively, benefiting gold prices and NEM stock [7].
New Gold Inc. (NGD:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Seeking Alpha· 2026-01-27 17:32
Core Points - The special meeting of shareholders of New Gold, Inc. is convened to consider the proposed arrangement with Coeur Mining Inc. [1] - The meeting is chaired by Richard O'Brien, Chair of the New Gold Board of Directors [1] - Key management members present include Patrick Godin (CEO), Keith Murphy (CFO), Ankit Shah (Chief Strategy Officer), Sean Keating (General Counsel), and Dan Sharkey (Chief Human Resources Officer) [2] - The meeting format allows both in-person and online participation for registered shareholders and proxy holders, ensuring broad engagement [3] - Procedural matters of the meeting will be discussed by Sean Keating, who will also serve as Secretary [4]
Gold at $5,000—3 Mining Stocks for the Next Gold Rush
Yahoo Finance· 2026-01-27 16:31
Gold price rally hits $5,000 for first time as bull coin breaks through milestone with upward arrows. Key Points Gold futures have crossed the $5,000 level, signaling a potentially new long-term trading range for the metal. Large-cap miners like Newmont offer stability, while mid- and small-cap miners provide asymmetric upside to gold prices. Even with potential pullbacks in gold, many miners remain highly profitable, supporting continued investor interest. Interested in TRX Gold Co.? Here are five st ...