Calibre Mining Announces C$100 Million Bought Deal

Calibre Mining (TSX: CXB)

Announced  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 bought deal basis 59,600,000 common shares of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million. Continue reading

Orla Mining Drills Oxide Mineralization Outside Projected Open Pits

Orla Mining  (TSX: OLA; NYSE: ORLA)

Provided an update on its exploration activities at the South Railroad Project in the second half of 2023.

Drilling at South Railroad in 2023 totalled 14,695 metres and additional results from other exploration targets will be shared in a subsequent update. Continue reading

i-80 GOLD Announces Cove High Grade Results

i-80 GOLD CORP. (TSX: IAU)

Announced positive results from ongoing underground drilling at the Company’s 100%-owned McCoy-Cove Property located in Lander County, Nevada.

The new results are from definition drilling in the CSD/Gap Zone and initial drilling in the Helen Zone that continue to confirm continuity of high-grade mineralization in both horizons. Continue reading

I-80 Gold Announces High-Grade Results From Ruby Hill

i-80 GOLD CORP. (TSX: IAU)

Reported positive results from exploration drilling at the Company’s 100%-owned Ruby Hill Property located in Eureka County, Nevada.

The 2023 program continues to expand high-grade gold and polymetallic mineralization in multiple zones,  the highlight being 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag, and 0.6 g/t Au over 40.4 m. Continue reading

I-80 Gold Announces High-Grade Results at Ruby Hill

i-80 GOLD CORP. (TSX: IAU)

Reported additional positive results from exploration drilling at the Company’s 100%-owned Ruby Hill Property located in Eureka County, Nevada.

The 2023 program continues to expand high-grade polymetallic mineralization in multiple zones and has resulted in new discoveries.  Continue reading

I-80 Announces C$32 M Private Placement

i-80 GOLD CORP. (TSX: IAU)

Announced that it has entered into an agreement with CIBC Capital Markets as lead underwriter and sole bookrunner to which the Underwriters have agreed to purchase on a bought deal private placement basis, 11,852,000 common shares of the Company at a price of $2.70 per Offered Share for gross proceeds of $32.0 million. Continue reading

Initiating coverage of I-80 Gold Corp.

I-80 Gold Corp. (TSX: IAU)

We are initiating coverage of I-80 gold, on the second tier of our watchlist, exploration and development projects.

IAU have all the attributes we look for, tier 1 jurisdiction (Nevada), strong and experienced management team, well financed, exploration upside, and a clear path to production. Continue reading

Fiore Gold Accepts Calibre Mining buyout Offer

Fiore Gold (TSX.V: F)

Fiore Gold announced today they had accepted a bid from Calibre Mining for the company.  Calibre are based in unfashionable Nicaragua, so Fiore offers them a chance to diversify into a tier 1 jurisdiction.

Fiore shareholders will receive 0.994 of a Calibre common share and C$0.10 in cash for each Fiore common share held[…] Continue reading