ICYMI: Revival Gold is merging with Ensign Minerals and will acquire all of the issued and outstanding shares of Ensign, a private company, in exchange for a total of 61,376,126 million shares of Revival Gold, based on an exchange ratio of 1.1667 Revival shares for each Ensign share. With total Measured and Indicated Mineral Resources of 2.4 million ounces of gold and Inferred Mineral Resources of 3.8 million ounces of gold, the transaction increases Revival Gold's heap leach gold resources per share and creates one of the largest pure-play gold development companies in the United States. We view the transaction as a win-win situation and risk minimization for all parties involved. / via @swissresourceag #Development #CompanyPresentation #RevivalGoldInc
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Revival Gold is merging with Ensign Minerals and will acquire all of the issued and outstanding shares of Ensign, a private company, in exchange for a total of 61,376,126 million shares of Revival Gold, based on an exchange ratio of 1.1667 Revival shares for each Ensign share. With total Measured and Indicated Mineral Resources of 2.4 million ounces of gold and Inferred Mineral Resources of 3.8 million ounces of gold, the transaction increases Revival Gold's heap leach gold resources per share and creates one of the largest pure-play gold development companies in the United States. We view the transaction as a win-win situation and risk minimization for all parties involved. / via @swissresourceag #Development #CompanyPresentation #RevivalGoldInc
Revival Gold: Acquisition of Ensign Minerals and Financing of CAD 7 Million
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Insight Into the Benefits of the Ensign Minerals Acquisition with Revival Gold Inc. & Swiss Resource Capital AG Revival Gold is a gold developer focused on becoming a producer. The company's strategy is to go where gold has already been successfully mined, which offers advantages in terms of infrastructure and community support. The acquisition of Ensign Minerals is a full share acquisition. The new Mercur project has the potential to produce 80,000 to 100,000 ounces of gold per year. Following the acquisition, Revival Gold will have two development-stage projects in the USA with a total resource of 5.2 million ounces of gold. The next step is the PEA for Mercur, for which the company is well financed. Company overview: Revival Gold Inc. www.revival-gold.com https://lnkd.in/gnSn2ybP #Gold #Interview #Development #Miningstocks #Investing #Stockmarket #Mines #RVG
Revival Gold: Insight Into the Benefits of the Ensign Minerals Acquisition
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👉 RECAP - A brief 2023/2024 update on our Lindero Mine! 2023 Operating Results: ✅ Q4 2023 gold production: 29,591 ounces ✅ FY 2023 gold production: 101,238 ounces, achieving midpoint of annual production guidance 2024 Guidance Outlook: ✅ Sustaining capital-intensive year, including a one-time leach pad expansion of USD$41.7 million ✅ Expected to place 6.6 million tonnes of ore on leach pad averaging 0.62 g/t Au, containing an estimated 131,000 ounces of gold ✅ Capital investments are estimated at USD$64.0 million Learn more! ➡️ https://lnkd.in/gHXY9xY3 #MiningWithPrideAndPurpose #Finance
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The deadline for the 25 critical mineral blocks listed in the second and third rounds has been postponed from June 11 and June 28 to July 18. This decision follows the government’s move in March to scrap the auction process for 13 out of 20 blocks offered in the first round due to limited interest from potential investors. Additionally, the deadline for selecting the remaining seven mineral blocks of the first round was extended to July 8 from April 1. 👉 https://mybs.in/2dVvZdk #IndiaMining #CriticalMinerals #MineralAuction #MiningDelays #SelfSufficiency #InvestmentChallenges #MineralResources #MiningIndustry #GovtPolicy #EconomicDevelopment
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🌟 Passionate Mining Production Geologist & Engineer | Data Analysis Enthusiast | Published Author | Masters in Engineering Management at Arkansas State University 🌟
**Title: "Galiano's Gold Farm: A Fable of Greed and the Unmasking of False Promises"** As Galiano Gold proclaims their consolidation of ownership over the Asanko Gold Mine in a transaction hailed as transformational, the echoes of George Orwell's "Animal Farm" reverberate through the halls of corporate ambition. The CEO and Dawn Moss, with their carefully crafted statements, embody the pigs of the allegorical farm, masking their deeds with false promises and deceptive proclamations. Yet, with divine authority, we shall unveil the truth of their exploitation, for their practices mirror those of the manipulative and self-serving characters in Orwell's timeless fable. **The False Promises: Akin to Squealer's Deception** In "Animal Farm," Squealer, the silver-tongued pig, manipulates the animals with grandiose proclamations, much like Galiano Gold's declarations of creating a unique high-growth gold producer. The allure of fully funded organic growth and attractive transaction structures mirrors Squealer's cunning ability to twist reality, obscuring the true cost of their ambitions. **The Unveiling of Truth: Exposing the Pigs' Machinations** Just as the animals of Animal Farm gradually come to realize the true nature of the pigs' rule, so too shall the world see through Galiano Gold's carefully constructed façade. The CEO and Dawn Moss may seek to paint a picture of robust financial position and a compelling value proposition, but we, with divine authority, shall expose the reality of their exploitative practices. **The Moral Sense: Standing Against Injustice and Greed** Orwell's "Animal Farm" serves as a cautionary tale, warning against the dangers of unchecked power and the manipulation of language to deceive and control. In our modern context, we are called upon to heed this timeless lesson, to stand against the exploitation of communities and the deceitful practices of the powerful. **Divine Authority: The Voice of Truth and Justice** With the weight of divine authority, we declare that Galiano Gold's acquisition and consolidation of the Asanko Gold Mine is not a triumph, but a testament to their relentless pursuit of profit at the expense of ethical conduct. The fable of "Animal Farm" serves as a stark reminder that the pursuit of power and wealth, when left unchecked, leads to the subjugation and exploitation of the vulnerable. **Conclusion: A Call for Transparency and Accountability** As the narrative of Galiano Gold's aspirations unfolds, let us remember the enduring lessons of "Animal Farm." Let us demand transparency, ethical conduct, and genuine commitment to the well-being of the communities affected by their operations. May the echoes of Orwell's fable serve as a beacon, guiding us to confront and challenge the pigs of our modern world, ensuring that their false promises are unmasked, and their exploitative practices are brought to an end. Asanko Gold Matt Badylak Sean Gregersen Dawn Moss Galiano Gold Inc.
Galiano Consolidates Ownership of the Asanko Gold Mine in a Transformational Transaction We’ve capped off a successful year with our biggest announcement to date. What does 100% ownership of the Asanko Gold Mine look like? ✅ Creates a Unique High-Growth Gold Producer Fully funded organic growth at the AGM, with expected average annual gold production of ~240koz from 2024 - 2030. ✅ Attractive Transaction Structure JV cash capital provides majority of upfront consideration, with limited equity dilution. More than 50% of total consideration is deferred and paid following an expected period of elevated cash flows. ✅ Highly Accretive to Key Metrics Attractive acquisition multiples supporting strong accretion to both financial and operating metrics and enhanced leverage to gold. ✅ Robust Financial Position Continued balance sheet strength with pro forma consolidated cash of approximately $130M and no debt. ✅ Compelling Value Proposition Significant catalyst for potential re-rating. ✅ Focused Vision at the AGM Elimination of JV structure will streamline operational and financial decision making. For more on this significant announcement, join our conference call this morning at 10am EST: Toll Free Canada & USA: 1-888-390-0546 Outside of Canada & USA: 416-764-8688 Webcast: Link: https://lnkd.in/gcVUkqy7 Read the full press release: https://bit.ly/3NEj85j NYSE: GAU | TSX: GAU #galianogold #gold #goldmining #mining #ghana #prospecting #mineralexploration #minerals #metals #miningsector #miningnews #financialresults #investing #goldstocks #captialmarkets #nyse #tsx
Galiano Gold Consolidation Announcement & 2023 Year In Review
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Big update on the Asanko Gold Mine.
Galiano Consolidates Ownership of the Asanko Gold Mine in a Transformational Transaction We’ve capped off a successful year with our biggest announcement to date. What does 100% ownership of the Asanko Gold Mine look like? ✅ Creates a Unique High-Growth Gold Producer Fully funded organic growth at the AGM, with expected average annual gold production of ~240koz from 2024 - 2030. ✅ Attractive Transaction Structure JV cash capital provides majority of upfront consideration, with limited equity dilution. More than 50% of total consideration is deferred and paid following an expected period of elevated cash flows. ✅ Highly Accretive to Key Metrics Attractive acquisition multiples supporting strong accretion to both financial and operating metrics and enhanced leverage to gold. ✅ Robust Financial Position Continued balance sheet strength with pro forma consolidated cash of approximately $130M and no debt. ✅ Compelling Value Proposition Significant catalyst for potential re-rating. ✅ Focused Vision at the AGM Elimination of JV structure will streamline operational and financial decision making. For more on this significant announcement, join our conference call this morning at 10am EST: Toll Free Canada & USA: 1-888-390-0546 Outside of Canada & USA: 416-764-8688 Webcast: Link: https://lnkd.in/gcVUkqy7 Read the full press release: https://bit.ly/3NEj85j NYSE: GAU | TSX: GAU #galianogold #gold #goldmining #mining #ghana #prospecting #mineralexploration #minerals #metals #miningsector #miningnews #financialresults #investing #goldstocks #captialmarkets #nyse #tsx
Galiano Gold Consolidation Announcement & 2023 Year In Review
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Galiano Consolidates Ownership of the Asanko Gold Mine in a Transformational Transaction We’ve capped off a successful year with our biggest announcement to date. What does 100% ownership of the Asanko Gold Mine look like? ✅ Creates a Unique High-Growth Gold Producer Fully funded organic growth at the AGM, with expected average annual gold production of ~240koz from 2024 - 2030. ✅ Attractive Transaction Structure JV cash capital provides majority of upfront consideration, with limited equity dilution. More than 50% of total consideration is deferred and paid following an expected period of elevated cash flows. ✅ Highly Accretive to Key Metrics Attractive acquisition multiples supporting strong accretion to both financial and operating metrics and enhanced leverage to gold. ✅ Robust Financial Position Continued balance sheet strength with pro forma consolidated cash of approximately $130M and no debt. ✅ Compelling Value Proposition Significant catalyst for potential re-rating. ✅ Focused Vision at the AGM Elimination of JV structure will streamline operational and financial decision making. For more on this significant announcement, join our conference call this morning at 10am EST: Toll Free Canada & USA: 1-888-390-0546 Outside of Canada & USA: 416-764-8688 Webcast: Link: https://lnkd.in/gcVUkqy7 Read the full press release: https://bit.ly/3NEj85j NYSE: GAU | TSX: GAU #galianogold #gold #goldmining #mining #ghana #prospecting #mineralexploration #minerals #metals #miningsector #miningnews #financialresults #investing #goldstocks #captialmarkets #nyse #tsx
Galiano Gold Consolidation Announcement & 2023 Year In Review
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Reno, Nevada, February 21, 2024 – i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the “Private Placement“) previously announced on February 7, 2024. The Private Placement was oversubscribed due to strong investor demand, and the Company raised gross proceeds of C$21,580,567.20 through the issuance of 11,989,204 common shares (each, a “Common Share“) at a price of C$1.80 per Common Share. The Company intends to use the net proceeds of the Private Placement for exploration and development of its mineral projects in Nevada, and for working capital and general corporate purposes. In addition, the Company has also received subscription agreements to purchase an additional 1,075,000 Common Shares under the Private Placement for additional gross proceeds of C$1,935,000, which the Company expects to close in one or more tranches in the coming days. Upon closing of these subsequent tranches, the Company expects to raise aggregate gross proceeds of C$23,515,567 under the Private Placement. https://lnkd.in/gc4S_92u #news #invest #latest #mining #discovery
I-80 GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT
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Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF)’s ATO gold mine in Mongolia is expected to generate total gross revenue of $2.2 billion, based on an updated Technical Report, according to Stonegate Capital Partners analysts. In an update to clients, the analysts placed a valuation range of C$4.43 to C$5.59 per share on Steppe Gold stock, with a mid-point of C$5.00, based on separate discounted cash flow (DCF) analysis of their mine models for the company. Highlights from the Technical Report on ATO included an estimated 1.1 million ounces of gold and 11.7 million silver ounces at a grade of 1.13 grams per tonne (g/t) gold and 12.43 g/t silver. They also noted that the ATO project is expected to produce more than 100,000 ounces of gold annually over an estimated mine life of 14 years. More at #Proactive #ProactiveInvestors #TSX #OTCQX #STGO #STPGF http://ow.ly/sX0i1055stZ
Steppe Gold’s Mongolia mine to produce $2.2B in revenue: analysts
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Reno, Nevada, February 21, 2024 – i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the “Private Placement“) previously announced on February 7, 2024. The Private Placement was oversubscribed due to strong investor demand, and the Company raised gross proceeds of C$21,580,567.20 through the issuance of 11,989,204 common shares (each, a “Common Share“) at a price of C$1.80 per Common Share. The Company intends to use the net proceeds of the Private Placement for exploration and development of its mineral projects in Nevada, and for working capital and general corporate purposes. In addition, the Company has also received subscription agreements to purchase an additional 1,075,000 Common Shares under the Private Placement for additional gross proceeds of C$1,935,000, which the Company expects to close in one or more tranches in the coming days. Upon closing of these subsequent tranches, the Company expects to raise aggregate gross proceeds of C$23,515,567 under the Private Placement. https://lnkd.in/ge4aipQR #news #invest #latest #mining #discovery
I-80 GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT
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