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Equinox Gold to be delisted from TSX-V
2019-11-21 16:51 ET - Shares Delisted from TSX-V
The TSX Venture Exchange has been advised that Equinox Gold Corp.'s common shares and common share purchase warrants will be listed and commence trading on the Toronto Stock Exchange at the opening on Monday, Nov. 25, 2019, under the symbols EQX and EQX.WT, respectively.
As a result of this graduation, there will be no further trading under the symbols EQX and EQX.WT on the TSX Venture Exchange after the close of business on Friday, Nov. 22, 2019, and Equinox Gold's shares will be delisted from the TSX Venture Exchange at the commencement of trading on the Toronto Stock Exchange.
© 2019 Canjex Publishing Ltd. All rights reserved.
Ross Beaty intervieuw about Equinox Gold future.
https://ceo.ca/@goldfinger/mining-giant-ross-beatys-race-to-build-a-senior-gold-producer
DJ Equinox Gold Corp. Is Maintained at Outperform by Raymond James
Ratings actions from Baystreet: http://www.baystreet.ca
(END) Dow Jones Newswires
November 04, 2019 11:57 ET (16:57 GMT)
DJ Equinox Gold Corp. Price Target Is Maintained at C$13.00/Share by Raymond James
Ratings actions from Baystreet: http://www.baystreet.ca
(END) Dow Jones Newswires
November 04, 2019 11:57 ET (16:57 GMT)
COMPANY UPDATES FROM MANAGEMENT – THU 26 SEP, 2019
EQUINOX GOLD – A COMPLETE PRODUCTION UPDATE, A NEW NYSE LISTING, AND ANSWERING YOUR QUESTIONS
http://www.kereport.com/2019/09/26/equinox-gold-a-complete-production-update-a-new-nyse-listing-and-answering-your-questions/
EQX webcast from the Denver Gold Summit
http://www.denvergold.org/company-webcast/dgf19/79/
Webast from the precious metals summit at Beaver Creek.
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2019/09/12/equinox-gold-corp/play/stream/28387
DJ Equinox Gold Corp Price Target Raised to C$12.00/Share From C$10.00 by BMO Capital Markets
Ratings actions from Baystreet: http://www.baystreet.ca
(END) Dow Jones Newswires
September 11, 2019 11:50 ET (15:50 GMT)
Equinox Gold to List on the NYSE American Stock Exchange
https://www.equinoxgold.com/_resources/news/20190909-EQX-PR-NYSEAmerican.pdf
Equinox Gold Announces Planned Share Consolidation to Pursue U.S. Listing
https://www.equinoxgold.com/_resources/news/20190806-EQX-PR-ShareConsolidation.pdf
Power Point presentation from the Q2-webcast: https://www.equinoxgold.com/_resources/investors/presentations/EQX-PPT-20190802-Q2Results%20-%20Final.pdf
EQX - 33,6% increase in produced gold ounces! Q2/2019 33 824oz - Q1/2019 25 310oz.
Financial Statements and MD&A Q2 2019: https://www.equinoxgold.com/_resources/investors/financials/2019-Q2-EQX-FS.pdf
https://www.equinoxgold.com/_resources/investors/financials/2019-Q2-EQX-MDA.pdf
Press Release: Equinox Gold to Announce Second Quarter 2019 Financial Results on August 1, 2019
Equinox Gold to Announce Second Quarter 2019 Financial Results on August 1, 2019
Canada NewsWire
VANCOUVER, July 25, 2019
VANCOUVER, July 25, 2019 /CNW/ - Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) ("Equinox Gold" or the "Company") Equinox Gold will announce its second quarter 2019 financial and operating results on August 1, 2019 after market close. A live conference call and webcast will follow on August 2, 2019 commencing at 7:00am PT (10:00am ET), providing the opportunity for analysts and investors to ask questions of Equinox Gold´s executive team.
Conference call Toll-free in U.S. and Canada: 1-800-319-4610
International callers: +1 604-638-5340
Webcast www.equinoxgold.com
The webcast will be archived on Equinox Gold´s website until October 2, 2019.
On Behalf of the Board of Equinox Gold Corp.
"Christian Milau"
CEO & Director
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Equinox Gold Corp.
View original content: http://www.newswire.ca/en/releases/archive/July2019/25/c3068.html
/CONTACT:
Equinox Gold Contacts: Christian Milau, CEO; Rhylin Bailie, Vice President Investor Relations, Tel: +1 604-558-0560, Email: ir@equinoxgold.com
Copyright CNW Group 2019
(END) Dow Jones Newswires
July 25, 2019 07:30 ET (11:30 GMT)
New interview on the website dating 17th july.
Proactive Investors interviewed Christian Milau earlier this week discussing Equinox Gold's origins, the Company's relationship with mining legend (and EQX Chairman) Ross Beaty, first gold pour at Aurizona and activities underway at the Company's projects.
https://ca.proactiveinvestors.com/companies/stocktube/14123/equinox-gold-corp-is-well-financed-well-managed-and-producing-gold-from-two-projects-14123.html
The 20 million was a block trade. Sandstorm Gold sold their shares to a institutional investor to reduce their debt.
https://www.sandstormgold.com/news/press-releases/sandstorm-gold-royalties-provides-asset-and-corporate-update-20190625
SANDSTORM MONETIZES NON-CORE EQUITY INVESTMENTS
Sandstorm recently sold approximately US$17 million of its equity investments, representing a continuation of the Company’s strategy to monetize non-core assets. Proceeds from the sale were largely used to pay down debt drawn on the Company’s revolving credit facility.
Equinox Gold Corp Price Target Raised to C$1.85/Share From C$1.60 by CIBC World Markets
DJ Equinox Gold Corp Price Target Raised to C$1.85/Share From C$1.60 by CIBC World Markets
Ratings actions from Baystreet: http://www.baystreet.ca
(END) Dow Jones Newswires
July 15, 2019 12:03 ET (16:03 GMT)
Equinox Gold Achieves Commercial Production at the Aurizona Gold Mine
Download a PDF of this news release
JULY 2, 2019
Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the “Company”) is pleased to announce that commercial production has been achieved at the Company’s Aurizona Gold Mine in Brazil effective July 1, 2019.
During the month of June, the Aurizona processing plant operated at an average throughput of approximately 90% of its name-plate capacity of 8,200 tonnes per day, exceeded 90% average recovery and produced more than 7,000 ounces of gold. Gold production is expected to continue to increase through the third and fourth quarters of 2019, with average life-of-mine production estimated at 136,000 ounces per year.
Christian Milau, Equinox Gold’s CEO, stated, “Achieving commercial production at Aurizona is a significant milestone, making Equinox Gold a multi-mine producer and bringing us one step closer to our near-term target of having three mines in production in 2020. We are pleased that Aurizona is ramping up quickly and thank our team, contractors and stakeholders in Brazil for their hard work and support.”
With commercial production at Aurizona achieved, the final condition pursuant to the previously announced corporate revolving credit facility has been completed and the remaining US$30 million of the total US$130 million has been made available to the Company.
On Behalf of the Board of Equinox Gold Corp.
“Christian Milau”
CEO & Director
About Equinox Gold
Equinox Gold is a Canadian mining company with a multi-million-ounce gold reserve base and growth potential from three wholly-owned gold mines. The Company is producing gold from its Mesquite Gold Mine in California and its Aurizona Gold Mine in Brazil, and is advancing its Castle Mountain Gold Mine in California. Further information about Equinox Gold’s portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements or information in this news release relate to, among other things: the ability of the Company to successfully operate Aurizona; the ability of the Company to successfully operate Mesquite; development and timing of anticipated production at Castle Mountain; and the growth potential of the Company. Forward-looking statements or information generally identified by the use of the words “will”, “advancing”, “potential”, “target”, “near-term” and similar expressions and phrases or statements that certain actions, events or results “may”, “should”, or “be achieved”, or the negative connotation of such terms, are intended to identify forward-looking statements and information. Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. The Company has based these forward-looking statements and information on the Company’s current expectations and projections about future events and these assumptions include: tonnage of ore to be mined and processed; ore grades and recoveries; prices for gold remaining as estimated; the construction and planned production at Castle Mountain being completed and performed in accordance with current expectations; currency exchange rates remaining as estimated; availability of funds for the Company’s projects and future cash requirements; capital, decommissioning and reclamation estimates; the Company’s mineral reserve and resource estimates and the assumptions on which they are based; prices for energy inputs, labour, materials, supplies and services; no labour-related disruptions and no unplanned delays or interruptions in scheduled development and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the Company’s ability to comply with environmental, health and safety laws. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.
The Company cautions that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, usual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry; and those factors identified in the Company’s management information circular dated June 20, 2018 and in its MD&A dated December 31, 2018, which are available on SEDAR at www.sedar.com. Forward-looking statements and information are designed to help readers understand management’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, the Company assumes no obligation and does not intend to update or to publicly announce the results of any change to any forward-looking statement or information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements and information. If the Company updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement.
https://www.equinoxgold.com/investors/news-centre/equinox-gold-achieves-commercial-production-at-the-aurizona-gold-mine
https://www.equinoxgold.com/investors/news-centre/equinox-gold-announces-conversion-of-debenture-held-by-sandstorm-
JUNE 28, 2019
All amounts are in United States dollars unless otherwise indicated
Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the “Company”) is pleased to announce that in accordance with the terms of a secured convertible debenture in favour of Sandstorm Gold Ltd. (“Sandstorm”) dated June 30, 2015, as amended, Equinox Gold has issued 11,139,175 common shares of the Company (“Common Shares”) to Sandstorm at a conversion price of C$1.23 to repay $9,000,000 in principal (9,593,415 Common Shares) and $1,450,145 in accrued interest (1,545,760 Common Shares).
On Behalf of the Board of Equinox Gold Corp.
“Christian Milau”
CEO & Director
Equinox Gold Contacts
Christian Milau, CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://www.equinoxgold.com/investors/news-centre/equinox-gold-completes-conditions-for-investment-by-mubadala-investment-company
JUNE 24, 2019
Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the “Company”) is pleased to announce that the Company has completed all conditions pursuant to the previously reported strategic investment by Mubadala Investment Company, and the remaining US$10 million of the total US$130 million gross proceeds has been released to the Company.
On Behalf of the Board of Equinox Gold Corp.
“Christian Milau”
CEO & Director
Equinox Gold Contacts
Christian Milau, CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
Cautionary Notes and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Equinox Gold Sells Elk Gold Property for $10 Million
https://www.otcmarkets.com/stock/EQXFF/news/story?e&id=1362806
Equinox Gold Announces Filing of Castle Mountain NI 43-101 Technical Report $EQXFF
The Castle Mountain PFS contemplates a low-cost heap leach gold mine with 3.6 million ounces (“oz”) of gold reserves that will produce 2.8 million oz of gold and generate US$865 million in after-tax cash flow over a 16-year mine life. With Measured & Indicated Mineral Resources estimated at 4.3 million oz of gold (inclusive of reserves), Inferred Mineral Resources of 2.2 million oz and additional near-mine mineralization identified with the 2017 exploration program, there remains potential to extend the mine life and increase production.
https://www.equinoxgold.com/investors/news-centre/equinox-gold-announces-filing-of-castle-mountain-ni-43-101-technical-report
EQXGF changed to EQXFF effective today.
http://otce.finra.org/DLAdditions
EQXGF: Equinox shareholders who previously held common shares (the “Old Shares”) will have their Old Shares redesignated as Class A common shares and exchanged for (i) one new common shares (the “New Shares”) and (ii) one-tenth of a Solaris Copper share for each Old Share of Equinox held before the effective date of the transaction.
Author note: I'm unclear if the EQXGF ticker remains active or if it is deleted so I'll wait a few days to see what FINRA does.
http://otce.finra.org/DLDeletions
$EQXGF NEWS
Equinox Gold Announces Positive Drill Results from Piaba West Exploration and that Drilling has Commenced at the Tatajuba Target at Aurizona
https://www.equinoxgold.com/investors/news-centre/equinox-gold-announces-positive-drill-results-from-piaba-west-exploration-and-that-drilling-has-commenced-at-the-tatajuba-target-at-aurizona-
Equinox Gold Begins Mining at Aurizona and Receives Award for Mining Excellence in Brazil
April 25, 2018 – Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX, OTC: EQXGF) (“Equinox Gold” or the “Company”) is pleased to announce that mining activities are underway in the Piaba Deposit at its Aurizona Gold Mine in Brazil (“Aurizona”). Construction remains on track to pour gold by late 2018. All dollar amounts are in United States dollars unless otherwise noted.
http://www.equinoxgold.com/investors/news-centre/equinox-gold-begins-mining-at-aurizona-and-receives-award-for-mining-excellence-in-brazil-
This chart looks ready to run. $EQXGF
LWLCF symbol changed to EQXGF
http://otce.finra.org/DailyList
$LWLCF NEWS (AS REPORTED BY SANDSTORM GOLD)
—Equinox Gold Announces Full-Scale Construction at Aurizona
"Equinox Gold Corp. ("Equinox Gold") has announced full-scale construction at the Aurizona Gold mine in Brazil. Equinox Gold's board of directors has approved a total project budget of US$146 million, which includes all working capital and a 12% contingency. The project remains on schedule and on budget as they advance toward the target of pouring gold in late 2018. Construction of the mine is fully funded by Equinox Gold's existing treasury and a US$85 million secured project credit facility.
A 22,000 metre drilling program completed at Aurizona during 2017 has confirmed the extension of mineralization 350 metres along strike to the west of the Piaba deposit and at depth below the shallow western end of the reserve pit. Highlights from recent drill results include:
BRAZD566: 9.0 metres of 4.6 g/t gold from 127.0 metres;
BRAZD567: 19.0 metres of 2.0 g/t gold from 81.0 metres;
BRAZD571: 6.0 metres of 6.6 g/t gold from 50.0 metres;
BRAZD579: 8.0 metres of 3.4 g/t gold from 73.0 metres;
BRAZD585: 34.0 metres of 1.7 g/t gold from 58.0 metres; and
BRAZD586: 34.0 metres of 1.0 g/t gold from 45.0 metres.
Equinox Gold has planned a 34,000 metre drill program in 2018 that will focus on resource growth, target development and discovery.
True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press releases dated January 8, 2018, January 10, 2018 and February 12, 2018.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields."
https://www.newswire.ca/news-releases/sandstorm-gold-provides-asset-updates-675196793.html
$LWLCF NEWS
Equinox Gold Announces New East Ridge Discovery at Castle Mountain Mine
http://www.equinoxgold.com/_resources/news/20180215-EQX-PR-CastleMountainExploration.pdf
$LWLCF
Equinox Gold Commences Trading on the TSX-V as “EQX”
Trek Mining, NewCastle Gold and Anfield Gold Complete Business Combination to Create Equinox Gold
December 22, 2017 – Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX) (“Equinox Gold” or the “Company”), formerly Trek Mining Inc. (TSX-V: TREK), is pleased to announce that Trek Mining Inc., NewCastle Gold Ltd. (“NewCastle”) and Anfield Gold Corp. (“Anfield”) have combined their businesses to create Equinox Gold, following final approval by the TSX Venture Exchange (“TSX-V”) of the previously announced plan of arrangement.
“The overwhelming support for this merger from NewCastle and Anfield shareholders underscores the long-term growth potential of Equinox Gold,” said Christian Milau, CEO of Equinox Gold. “Equinox Gold has near-term production from the Aurizona Gold Mine in Brazil, significant production upside from the Castle Mountain Gold Mine in California and an exceptional development pipeline of gold and copper assets. We look forward to reporting on progress in 2018 as we work to achieve production and build a leading gold company.”
The Equinox Gold Board of Directors includes Ross Beaty, Christian Milau, Greg Smith, Marcel de Groot, Lenard Boggio, Marshall Koval and Jacques McMullen. Ross Beaty has been appointed as Chairman of the Board of Directors.
Equinox Gold’s shares and warrants are now trading on the TSX-V in Canada under the symbols “EQX” and “EQX.WT”, respectively, and on the OTC in the United States under the symbol “LWLCF” and “LWLLF”, respectively. Anfield shares have ceased trading by way of a trading halt. NewCastle shares are expected to be de-listed shortly.
Equinox Gold’s new website is live at www.equinoxgold.com.
Equinox Gold is also pleased to report that the sale of the shares of Mayaniquel S.A. to International Nickel Supply SA (“INS”) was completed on December 21, 2017 and the Company has received the remaining US$12.5 million in cash from INS. Further, the sale of Chapleau Resources Ltd., and its Coringa Gold Project, to Serabi Gold PLC (“Serabi”) was completed on December 21, 2017 and the Company has received the initial payment of US$5 million in cash from Serabi. A further US$5 million in cash is payable within three months of the closing and a final payment of US$12 million in cash is due upon the earlier of first gold being produced from the Coringa Gold Project or 24 months from the date of closing. Payment of the future purchase price installments is secured by a pledge in the Company’s favour on the shares of Chapleau Resources Ltd. For further details on these transactions, please refer to the respective news releases issued by Anfield on December 21, 2017, which are available on SEDAR at www.sedar.com under Anfield’s profile.
Equinox Gold Contacts
Christian Milau, CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
About Equinox Gold
Equinox Gold is a Canadian mining company with a multi-million-ounce gold resource base, near-term and growing gold production from two past-producing mines in Brazil and California, and a long-term growth platform with a diverse portfolio of gold and copper assets in North and South America. Early works construction is underway at the Company’s Aurizona project in Brazil with the objective of pouring gold by year-end 2018, and a prefeasibility study is underway at the Company’s Castle Mountain project in California with the objective of restarting production. Further information about Equinox Gold’s current portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Cautionary Notes and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will”, “expected”, “objective”, “underway” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to, statements regarding the growth potential of the Company, production from the Aurizona Gold Mine and Castle Mountain Gold Mine, the Castle Mountain prefeasibility study, the potential for other assets of the Company, the date at which common shares of NewCastle will be de-listed, and expectation of receiving further purchase price installments related to the sale of Anfield’s Coringa Gold Project. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company’s periodic filings with Canadian securities regulators, and assumptions made with regard to the Company’s ability to complete the Castle Mountain prefeasibility study and the results of the study; the Company’s ability to complete construction at the Aurizona project and the timing to achieve production; and the Company’s ability to achieve the expected growth and production potential, and the expectation that the Company will receive further purchase price installments from Serabi. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
Trek Mining Inc. changed to Equinox Gold Corp.:
http://otce.finra.org/DLSymbolNameChanges
$LWLCF in Mining Journal
Sprott backs Trek trio in US$285 million step
http://www.mining-journal.com/project-finance/news/1310198/sprott-backs-trek-trio-ususd285-million-step
Trek Mining Finalizes US$85 Million Construction Facility for the Aurizona Gold Mine
December 20, 2017 – Vancouver, BC – Trek Mining Inc. (TSX-V: TREK) (“Trek Mining” or “the Company”) is pleased to announce that it has entered into a definitive credit agreement through its wholly-owned Canadian subsidiary, Aurizona Goldfields Corporation, with Sprott Private Resource Lending (Collector), L.P. (“Sprott”) to provide a US$85 million (C$109 million) secured project credit facility (the “Credit Facility”) that will be used for the development, construction and working capital requirements of the Company’s Aurizona Gold Mine (“Aurizona”) located in Brazil.
“With the Credit Facility now in place and the Equinox Gold merger set to close this week, construction of Aurizona is fully funded,” said Christian Milau, CEO of Trek Mining. “We expect to announce the approval of full-scale construction when the new Equinox Gold Board of Directors meets in January and remain on track to pour gold at Aurizona by late 2018.”
Key Terms of the Credit Facility
Term of 5 years
US$85 million in principal
First advance of US$15 million has been made
Subsequent tranches available to the Company on satisfaction of customary conditions
Interest at 7% plus the greater of 3-month US LIBOR or 1%
50% of interest costs capitalized to the principal until May 31, 2019
Repayable in quarterly instalments from September 2019 to September 2022 with a six-month extension election to March 2023
2.5% arrangement fee payable pro-rata on drawdown of each tranche
No requirement for hedging commitments or reserve accounts
Penalty-free repayment of outstanding principal and interest after September 2019
8,000,000 warrants to be issued to Sprott with a five-year term and an exercise price of C$1.01
Fixed US$20 per ounce production-linked payment on 75% of the first 400,000 ounces with payments to be financially settled monthly after the start of production
In addition to the Credit Facility, Sprott has agreed to provide up to US$200 million to fund future development projects and acquisitions (the “Development and Acquisition Facility”), which could include development of the Castle Mountain project. The Development and Acquisition Facility is subject to, among other items, negotiation, documentation and approval by Sprott’s investment committee.
Trek Mining was advised by Endeavour Financial and Blake, Cassels & Graydon LLP.
On Behalf of the Board of Trek Mining Inc.
“Christian Milau”
CEO & Director
About Trek Mining Inc.
Trek Mining is a Canadian mining company with a portfolio of production, near-production and exploration-stage projects in North and South America. Early works construction is underway at the Company’s Aurizona project in Brazil, with the objective of pouring gold by year-end 2018. On October 25, 2017, Trek Mining announced the signing of a definitive agreement to combine its business with NewCastle Gold Ltd. (TSX: NCA) and Anfield Gold Corp. (TSX-V: ANF). The combined entity intends to operate under the name Equinox Gold Corp. (“Equinox Gold”) and expects to trade on the TSX Venture Exchange under the ticker symbol “EQX”. Led by Ross Beaty as Chairman, Equinox Gold will be a well-financed, multi-asset mining company with a near-term gold production and strong growth platform of copper and gold assets. Further information about the proposed business combination and Trek Mining’s current portfolio of assets is available at www.trekmining.com or by email at ir@trekmining.com.
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@trekmining.com
Cautionary Notes and Forward-looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will”, “should”, “subject to”, “objective”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include statements regarding the anticipated restart of production at Aurizona, the expected merger to form Equinox Gold, and the potential to access the Sprott Development & Acquisition Facility. Although Trek Mining believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Trek Mining can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Trek Mining’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the anticipated Board approval of full-scale construction at Aurizona; the ability to successfully complete mine development at Aurizona and restart production; timing of the anticipated restart of production; the Company’s ability to achieve the production and operating results estimated in the Aurizona feasibility study; the Company’s ability to complete the merger to form Equinox Gold; and the Company’s ability to realize the synergies anticipated from the Equinox Gold merger. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Trek Mining does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
Trek Mining, NewCastle Gold and Anfield Gold Provide Update on Business Combination to Create Equinox Gold
November 16, 2017 06:30 ET | Source: Trek Mining Inc.; NewCastle Gold Ltd.;Anfield Gold Corp.
VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Trek Mining Inc. (TSX-V:TREK) (“Trek Mining”), NewCastle Gold Ltd. (TSX:NCA) (“NewCastle”) and Anfield Gold Corp. (TSX-V:ANF) (“Anfield”) are pleased to announce an update on the proposed transaction to combine their businesses to create Equinox Gold Corp. (“Equinox Gold”), as previously announced on October 25, 2017 (the “Transaction”). Led by Ross Beaty as Chairman, Equinox Gold will be a well-financed gold mining company with a near-term strategy to become a multi-asset, low-cost gold producer.
A number of significant milestones have been achieved since the Transaction was announced, further bolstering Equinox Gold’s treasury and advancing the Aurizona Gold Mine (“Aurizona”).
Trek Mining received the final key permit required to construct Aurizona and expand throughput to 8,000 tonnes per day to achieve targeted average production of 136,000 ounces of gold per year
Anfield entered into an agreement to sell its Coringa Gold Project for US$22 million
Anfield entered into an agreement to sell a receivable due to the company for US$13 million
Joint information circular will be mailed to NewCastle and Anfield shareholders on November 28, 2017
Special meetings of NewCastle and Anfield shareholders scheduled for December 19, 2017
Transaction close anticipated on or about December 22, 2017
MONETIZATION OF ANFIELD ASSETS
Anfield has delivered on its stated objective of monetizing its assets, and has entered into separate agreements to sell its Coringa Gold Project in Brazil and to sell a receivable due to the company. These assets were sold for an aggregate of US$35 million (C$44.8 million), in addition to the C$11 million already in Anfield’s treasury (as at September 30, 2017). Assuming successful closing of both agreements, Anfield anticipates that US$18 million (C$23.0 million) will be received before closing of the Transaction, with an additional US$5 million (C$6.4 million) to be received in Q1-2018 and the remainder to be received before year-end 2019. The agreements are subject to certain conditions, as outlined in the Anfield press releases dated November 10 and November 14, 2017.
Upon completion of the Transaction and the Anfield asset sales, Aurizona will be fully funded to production. Equinox Gold will have pro forma cash and marketable securities of approximately C$143 million (cash as at September 30, 2017 plus aggregate proceeds from Anfield asset sales), will draw from a US$85 million credit facility to fund Aurizona construction, and can also access up to US$200 million for future project development and acquisitions, providing significant capacity to develop the Castle Mountain Gold Project in California and continue to grow the company.
AURIZONA PERMIT
Trek Mining has received the final key permit for Aurizona, allowing the company to complete the construction activities required to commence production at the mine and expand throughput to 8,000 tonnes per day, with the expectation of producing on average 136,000 ounces of gold per year. Early works construction is underway and the company is on track to pour gold in late 2018.
NEXT STEPS TO CLOSE THE TRANSACTION
NewCastle and Anfield have jointly obtained an interim order from the British Columbia Supreme Court for the companies to hold special meetings of their shareholders to approve the Transaction and other matters. The Board of Directors of both NewCastle and Anfield are recommending approval of the Transaction by their shareholders. The directors, senior officers and certain significant shareholders of each company have entered into lock-up agreements and agreed to vote in favour of the Transaction, representing approximately 25.5% of the issued and outstanding common shares of NewCastle and 27.2% of the issued and outstanding common shares of Anfield, respectively.
The Transaction requires approval by (i) two-thirds of the votes cast by NewCastle and Anfield shareholders at their respective shareholder meetings, and (ii) if required, a simple majority of the votes cast by NewCastle and Anfield shareholders at their respective shareholder meetings, excluding the votes held by certain persons as required by Multilateral Instrument 61-101. There is no regulatory requirement for a meeting of Trek Mining shareholders.
The special meetings of NewCastle and Anfield are scheduled for December 19, 2017. A joint information circular detailing the terms and conditions of the Transaction will be mailed to the shareholders of both NewCastle and Anfield on November 28, 2017.
The Transaction, if approved by the shareholders of NewCastle and Anfield, is expected to close on or about December 22, 2017. Upon closing, Trek Mining will acquire all outstanding shares of NewCastle and Anfield at the previously announced exchange ratios of 0.873 Trek Mining shares for each NewCastle share and 0.407 Trek Mining shares for each Anfield share. Each NewCastle and Anfield warrant and option will become exercisable for Trek Mining common shares, as adjusted in accordance with the applicable exchange ratio. Trek Mining will then be re-named Equinox Gold Corp. and its shares will commence trading on the TSX Venture Exchange under the new symbol “EQX”.
TREK MINING CONTACTS
Christian Milau, CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@trekmining.com
NEWCASTLE CONTACTS
Marc Leduc, Interim CEO
Gillian Roy, Director Investor Relations & Corporate Communications
Tel: +1 416-366-5678
Email: info@newcastlegold.ca
ANFIELD CONTACT
Marshall Koval, Chairman & CEO
Tel: +1 604-646-1899
Email: info@anfieldgold.com
CAUTIONARY NOTES AND FORWARD-LOOKING STATEMENTS
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “proposed”, “strategy”, “will be”, “will”, “objective”, “subject to”, “on track”, “scheduled”, “expected” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding the proposed Transaction, the proposed name change of the combined company, satisfaction of certain approvals (including TSX-V and shareholder approvals) required to complete the Transaction, the anticipated restart of production at Aurizona, Anfield’s ability to complete the proposed asset sales, and the cash that will come to Equinox Gold following monetization of Anfield’s assets. Although Trek Mining, NewCastle and Anfield (the “Companies”) believe that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Companies can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Companies’ periodic filings with Canadian securities regulators, and assumptions made with regard to: the Companies’ ability to complete the proposed Transaction; the Companies’ ability to secure the necessary shareholder, legal and regulatory approvals required to complete the Transaction; the anticipated Board of Directors decision to approve construction of Aurizona; the estimated costs associated with construction of Aurizona; the ability to restart production at Aurizona; the timing of the anticipated restart of production; the ability to achieve the gold production rates and costs outlined in the Aurizona feasibility study; the anticipated development of the Castle Mountain Gold Project; Equinox Gold’s anticipated financial position following completion of the Transaction; and the Companies’ ability to achieve the synergies expected as a result of the Transaction. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Companies do not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
$LWLCF RELATED NEWS
Lots of activity going on with Trek, et al.
Anfield Gold Announces Agreement to Sell the Coringa Gold Project for US$22 Million
By GlobeNewswire, November 14, 2017, 02:15:00 AM EDT
VANCOUVER, British Columbia, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Anfield Gold Corp. ("Anfield" or "Company") (TSXV:ANF) announces that it has signed a share and debt purchase agreement with Serabi Gold PLC ("Serabi"), pursuant to which Serabi will acquire 100% of the issued share capital of Chapleau Resources Ltd ("Chapleau"), a wholly-owned subsidiary of Anfield, which holds the Coringa Gold Project. Serabi will also be acquiring certain intercompany debts of Anfield.
The total consideration for the acquisition amounts to US$22 million, subject to certain adjustments. Serabi will make an initial payment to Anfield on closing of US$5 million in cash. A further US$5 million in cash is payable within three months of closing and a final payment of US$12 million in cash will be due upon the earlier of first gold being produced from the Coringa Gold Project or 24 months from the date of closing.
The agreement is conditional on several items including: completion by Serabi of its due diligence; approval of the shareholders of Anfield and the TSX-V; and approval of Serabi's secured lender, Sprott. Serabi has agreed, on closing, to grant Anfield, subject to the approval of Serabi's secured lender and, if required, sub-ordinated to any security granted by Serabi to its secured lender, a pledge over the shares of Chapleau as security for the full and irrevocable payment of US$12 million.
Anfield plans to hold a shareholder meeting to approve the proposed transaction on December 19, 2017, and closing is anticipated to occur shortly thereafter. The planned vote to approve the proposed transaction will occur at the same shareholder meeting as the scheduled meeting to approve the previously announced business combination of Trek Mining Inc., NewCastle Gold Ltd. and Anfield.
Anfield Gold Corp. For further information contact:
Scott Hicks
Signed: "Marshall Koval" tel: + 604 646-1884
Marshall Koval, Chairman & CEO fax: + 604 687-7041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as "conditions," "expected" or variations of such words and phrases. Forward looking statements or information in this press release include, but are not limited to, the timing for a shareholder vote and the anticipated closing of the transaction. In making the forward-looking statements in this release, Anfield has applied certain factors and assumptions that are based on information currently available to Anfield as well as Anfield's current beliefs and assumptions. Although Anfield considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others: risks that the transaction with Serabi may not close, including for reasons beyond Anfield's control; business and economic conditions in the mining industry generally; prices for commodities to be produced and changes in commodity prices; changes in interest and currency exchange rates; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and changes to business and economic conditions in the mining industry generally. Although Anfield has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Anfield does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Source: Anfield Gold Corp
http://www.nasdaq.com/press-release/anfield-gold-announces-agreement-to-sell-the-coringa-gold-project-for-us22-million-20171114-00096
NewCastle Gold Carves Way Forward For Castle Mountain Gold Project With Equinox Deal
Nov. 7, 2017 10:47 AM ET|4 comments| About: Newcastle Gold Ltd. (CTMQF), LWLCF, ANCKF
https://seekingalpha.com/article/4121630-newcastle-gold-carves-way-forward-castle-mountain-gold-project-equinox-deal
$LWLCF NEWS
Trek Mining Releases Third Quarter Results
Wed November 8, 2017 7:30 AM|GlobeNewswire
VANCOUVER, British Columbia, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Trek Mining Inc. (LWLCF) (TSX-V:TREK) (“Trek Mining” or “the Company”) is pleased to announce that its Financial Statements for the third quarter ended September 30, 2017 and the accompanying Management’s Discussion and Analysis are available for download on the Company’s website at www.trekmining.com and at www.sedar.com.
Quarterly highlights and recent developments
Announced the signing of a definitive agreement with NewCastle Gold Ltd. (CTMQF) and Anfield Gold Corp. to combine the three businesses to form a new multi-asset mining company named Equinox Gold Corp., to be led by Ross Beaty as Chairman
Announced that Sprott Private Resource Lending (Collector), L.P. has received investment committee approval to provide Trek Mining with a US$85 million senior secured credit facility to be used for construction of the Aurizona Gold Mine (“Aurizona”) in Brazil
Completed a feasibility study for Aurizona, supporting the viability of constructing an open-pit gold mine with a net present value of US$197 million and an internal rate of return of 34% based on a gold price of US$1,250 per ounce, and low initial capital costs of US$131 million
Awarded the Aurizona project EPCM work to Ausenco Engineering Canada Inc.
Confirmed with exploration drilling that gold mineralization at Aurizona’s principal ore deposit extends at least 350 metres to the west along strike and also at depth below the existing reserve pit. A second phase 12,000-metre exploration drill campaign is underway
Continued ramp-up of the Koricancha Mill in Peru with Q3-2017 sales of 3,195 ounces of gold
At September 30, 2017, the Company had C$76.3 million (US$61.0 million) in cash and marketable securities and no cash debt.
On behalf of the Board of Trek Mining Inc.
“Christian Milau”
CEO & Director
About Trek Mining Inc.
Trek Mining is a Canadian mining company with a portfolio of production, near-production and exploration-stage projects in North and South America. Early works construction is underway at the Company’s Aurizona project in Brazil, with the objective of pouring gold by year-end 2018. On October 25, 2017, Trek Mining announced the signing of a definitive agreement to combine its business with NewCastle Gold Ltd. (TSX:NCA) and Anfield Gold Corp. (TSX-V:ANF). The combined entity intends to operate under the name Equinox Gold Corp. (“Equinox Gold”) and expects to trade on the TSX Venture Exchange under the ticker symbol “EQX”. Led by Ross Beaty as Chairman, Equinox Gold will be a well-financed, multi-asset mining company with a near-term gold production and strong growth platform of copper and gold assets. Further information about the proposed business combination and Trek Mining’s current portfolio of assets is available at www.trekmining.com or by email at ir@trekmining.com.
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@trekmining.com
Technical Information
All technical information related to Aurizona is based on the “Feasibility Study on the Aurizona Gold Mine Project” prepared by Lycopodium Minerals Canada Ltd. with an effective date of July 10, 2017, which is available for download on SEDAR at www.sedar.com. Scott Heffernan, M.Sc., P.Geo., the Company’s EVP Exploration, is a Qualified Person under National Instrument 43-101 and has approved the technical and scientific disclosure throughout this news release.
Cautionary Notes and Forward-looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “to form”, “to be”, “to combine”, “objective”, “underway” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include statements regarding mine development activities at Aurizona, the anticipated restart of production at Aurizona, exploration activities underway at Aurizona, the proposed US$85 million credit facility with Sprott Private Resource Lending (Collector), L.P. (“Sprott”), and the proposed business combination to create Equinox Gold. Although Trek Mining believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Trek Mining can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Trek Mining’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the Company’s ability to successfully complete mine development at Aurizona and restart production; timing of the anticipated restart of production; the Company’s ability to achieve the production and operating results estimated in the Aurizona feasibility study; the results of exploration activities underway at Aurizona; the Company’s ability to complete the legal and formal documentation required to finalize the proposed US$85 million credit facility with Sprott; the Company’s ability to complete the proposed business combination with NewCastle Gold and Anfield Gold (ANCKF); and the Company’s ability to achieve the synergies expected as a result of the business combination. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Trek Mining does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
Source: Trek Mining Inc. 2017 GlobeNewswire, Inc.
Sandstorm Gold Announces Agreement to Sell US$18 Million in Securities of Trek Mining as Part of Announced Business Combination
https://www.prnewswire.com/news-releases/sandstorm-gold-announces-agreement-to-sell-us18-million-in-securities-of-trek-mining-as-part-of-announced-business-combination-653113233.html
Trek Mining, NewCastle Gold and Anfield Gold Announce Business Combination to Create Equinox Gold
Creates New Low-Cost Near-Term Gold Producer
Ross Beaty to be Chairman and a Significant Shareholder
US$85 Million Construction Facility and Access to US$200 Million for Development and Acquisitions
http://mailchi.mp/f039bc4cb698/trek-mining-announces-positive-feasibility-study-for-the-aurizona-gold-mine-and-award-of-epcm-contract-to-ausenco-299085?e=917300d4ac
Raymond James Financial, Inc. Reiterates Outperform Rating for Trek Mining Inc (TREK)
"Trek Mining logoTrek Mining Inc (TSE:TREK)‘s stock had its “outperform” rating reaffirmed by stock analysts at Raymond James Financial, Inc. in a research note issued to investors on Tuesday, September 5th. They currently have a C$2.00 price target on the stock.
Separately, National Bank Financial dropped their price objective on Trek Mining from C$2.20 to C$2.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd.
In other news, insider Groot Marcel H. De acquired 50,000 shares of Trek Mining stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of C$1.08 per share, with a total value of C$54,000.00. Insiders bought a total of 75,600 shares of company stock worth $72,072 over the last ninety days." (C$2.00 = US$1.64 9/14/17)
https://weekherald.com/2017/09/13/trek-minings-trek-outperform-rating-reaffirmed-at-raymond-james-financial-inc.html
$LWLCF Trek Mining News
Trek Mining Discovers New Gold Zone East of Piaba Deposit
https://www.trekmining.com/investors/news/2017/trek-mining-discovers-new-gold-zone-east-of-piaba-deposit
$LWLCF We have earnings
$.04
https://www.trekmining.com/assets/pdf/Financials/2017-Q1/TREK-FS-Q12017.pdf
$LWLCF News
Trek Mining Confirms Extension of Piaba Gold Deposit
300 Metre Step-out Hole Intersects 3.90 Grams per Tonne Gold Over 11.0 Metres
May 17, 2017 – Vancouver, BC – Trek Mining Inc. (TSX-V: TREK) (“Trek” or “the Company”) is pleased to announce that initial drilling in Piaba West has intersected 3.90 grams per tonne gold (“g/t Au”) over 11.0 metres in a step-out drill hole located 300 metres along strike of the currently defined Piaba gold deposit at its 100%-owned Aurizona Gold Mine (“Aurizona”) in Brazil. Results from the initial 18 shallow holes totalling 1,594 metres have successfully demonstrated that significant gold mineralization persists below the shallow, westernmost reserve pit and that the Piaba gold deposit extends along strike at least 300 metres to the west.
Drilling highlights include:
3.90 g/t Au over 11.0 m in BRAZP575
1.95 g/t Au over 4.0 m and 2.17 g/t Au over 5.0m in BRAZP580
28.16 g/t Au over 4.0 m including 112 g/t over 1.0 m in BRAZP582
2.63 g/t Au over 9.0 m in BRAZP572
0.99 g/t Au over 15.0 m in BRAZP571
1.22 g/t Au over 33.0 m including 2.27 g/t Au over 11.0 m in BRAZP569
“Encountering ore grade intercepts along strike is exactly the result we were looking for,” said Scott Heffernan, EVP Exploration of Trek. “Drilling at Piaba West is ongoing and will further test the continuity of mineralization along strike from current gold reserves in the Piaba gold deposit.”
Drill hole BRAZP575, located 300 metres beyond the westernmost edge of the existing Piaba pit, encountered 3.90 g/t Au over 11.0 metres from 49 metres down hole. BRAZP576 was collared a further 100 metres west of BRAZP575 and ended in mineralization grading 0.71 g/t gold over 6.0 metres at a depth of 110 metres, indicating that mineralization continues for an additional 100 metres along strike but may dip to the southwest.
For a complete table of the Company’s 2017 exploration drill results to date, click here
For a map showing the Company’s 2017 exploration drill holes and highlight results to date, click here
“These initial results support our expectation that the Piaba gold deposit continues at depth and along strike to the west,” said Christian Milau, CEO of Trek. “Successful infill drilling below the western end of the pit and in the identified extension should lead to an increase in Aurizona gold resources and an extension of the mine life.”
Current gold reserves at Aurizona are contained primarily within the Piaba gold deposit which remains open along strike and to depth. Piaba West is a potential 900-metre long extension of the Piaba gold deposit and is the first of several near-mine targets to be drilled as part of the Company’s planned 30,000-metre 2017 exploration program at Aurizona. Trek’s immediate priority is to follow the mineralization along strike and down plunge, and to increase drill hole density below the western edge of the current reserve pit and the initial 300-metre extension. An additional 600 metres of westerly strike will be tested upon receipt and interpretation of a recently completed 38,000 line-km airborne magnetic and radiometric survey.
Invitation to Trek Mining Open House
Trek is hosting an open house at its office in Vancouver at the end of May, providing an opportunity for existing and potential investors to meet Trek’s executive team and discuss ongoing activities at the Company’s portfolio of projects. If you would like to attend, please RSVP by May 22 to Rhylin Bailie by phone at +1 604-260-0516 or by email at rhylin.bailie@trekmining.com.
When: Sunday, May 28 from 4-6pm or Monday, May 29 from 4-6pm
Where: Suite 730, 800 West Pender St., Vancouver
RSVP: +1 604-260-0516 or rhylin.bailie@trekmining.com
On behalf of the Board of Trek Mining Inc.
"Christian Milau”
CEO & Director
About the Aurizona Gold Mine
The current reserve and resource model for Aurizona outlines a 6.5-year mine life based on reserves identified in the Piaba and Boa Esperança pits. Gold mineralization is structurally controlled by subvertical, strike-slip shear zones occurring along significant lithological contact between metavolcano-sedimentary units and intrusive rocks. Host rocks are hydrothermally altered quartz diorite and plagioclase-quartz diorite rocks. The mineralization style is disseminated stockwork and vein-hosted sulphides and gold within a silicified shear zone. Gold mineralization at Piaba West is hosted in a northern, hanging wall sequence composed mainly of diorite and quartz diorite intrusives with subordinate dacitic volcanics. Additional information about Aurizona is available in the September 2016 “Pre-feasibility Study on Aurizona Mine Project, Maranhão, Brazil, NI 43-101 Technical Report” that is available on the Company’s website and on SEDAR at www.sedar.com.
About Trek Mining Inc.
Trek is a Canadian mining company with a portfolio of production, near-production and exploration-stage projects in North and South America. The Company is producing gold from its Koricancha Mill, a custom-built gold and silver ore processing facility in Peru, and is completing a feasibility study for its past-producing Aurizona Gold Mine in Brazil, with the objective of pouring gold at Aurizona by the end of 2018. Trek’s exploration properties include both near-mine and district exploration opportunities at Aurizona; the Warintza project, a porphyry copper-molybdenum exploration project in Southeastern Ecuador; the Ricardo project, a porphyry copper-molybdenum exploration project in Chile; and Elk Gold, a past-producing high-grade gold mine in British Columbia, Canada. Further information about Trek’s business strategy and portfolio of assets is available at www.trekmining.com or by email at ir@trekmining.com.
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@trekmining.com
Qualified Person and Disclosure Statement
Scott Heffernan, M.Sc., P.Geo., the Company’s EVP Exploration and Qualified Person under National Instrument 43-101, has reviewed and verified that the technical information contained in this news release is accurate and approves the written disclosure of the same. Drill composites were calculated using cut-off values of 0.3 g/t, 1.0 g/t or 5.0 g/t gold as specified in the drill table and contain no more than 3 metres of internal waste. Drill intersections are calculated using uncut assays and are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be 60 to 90 percent of the reported lengths. All samples were submitted to ALS Chemex in Belo Horizonte, Brazil for sample preparation. Sample pulps were then sent to ALS Chemex in Lima, Peru for geochemical analysis for gold by fire assay of a 30-gram charge with an Atomic Absorption finish (AA) and for a 33 multi-element geochemical suite by 4-acid digestion and Inductively-Coupled Mass Spectrometry (ICP-MS). Samples with AA gold values over 5.0 g/t are re-assayed using a Gravimetric Finish (Grav). Control samples (accredited standards, blanks and duplicate samples at the field and preparation stages) were inserted on a regular basis. Results were monitored upon receipt of assays.
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will”, “should”, “could”, “expected” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include statements regarding planned exploration activities and drill results at Aurizona, and the anticipated restart of production at Aurizona. Although Trek believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Trek can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Trek’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the anticipated results of exploration activities at Aurizona; whether exploration activities will lead to an increase in Aurizona resources and an extension of the Aurizona mine life; the anticipated results of the feasibility study for Aurizona; the anticipated Board of Directors decision to approve construction of the Aurizona mine; the ability to raise the capital required to fund construction and development of Aurizona; the ability to restart production at Aurizona; and timing of the anticipated restart of production. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Trek does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
$LWLCF 2016 Financial Results Out
https://www.trekmining.com/assets/pdf/Financials/2016-Q4/Financial-Statements.PDF
Trek Mining’s (TREK) Outperform Rating Reiterated at National Bank Financial
April 5th, 2017 -
By Jessica Moore - 0 comments
Trek Mining logoTrek Mining Inc (TSE:TREK)‘s stock had its “outperform” rating reiterated by National Bank Financial in a research report issued to clients and investors on Wednesday. They presently have a C$2.20 price objective on the stock.
Trek is well-funded with approximately C$113 million in cash and no cash debt, and is advancing the Aurizona gold project ("Aurizona" or the "Aurizona Project") to production. A feasibility study is nearing completion and the first gold pour at Aurizona is targeted for year-end 2018. Near-mine and district-scale exploration is also underway with a focus on the drill-ready targets directly along strike of the existing reserves and resources at Aurizona's past producing Piaba open pit. The greenfields exploration ground adjacent to the Aurizona Project is under option to AngloGold Ashanti Holdings plc ("AngloGold").
http://www.prnewswire.com/news-releases/sandstorm-gold-announces-completion-of-luna-goldjdl-gold-combination-files-early-warning-report-618429503.html
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Equinox Gold’s vision is to become a mid-tier gold producer.
Equinox Gold is a Canadian mining company with a multi-million-ounce gold reserve base and a strong production growth profile from three wholly-owned gold mines. The Company is delivering on its growth strategy, advancing from a single-asset developer to a gold producer in just two years, and is on track to have three mines in production by mid-2020.
https://www.equinoxgold.com/_resources/investors/presentations/EQX-PPT-20190802.pdf
https://www.equinoxgold.com/_resources/investors/financials/2019-Q1-EQX-MDA.pdf
https://www.youtube.com/watch?v=lBSCTzntgXg&feature=youtu.be
https://ca.proactiveinvestors.com/companies/stocktube/14123/equinox-gold-corp-is-well-financed-well-managed-and-producing-gold-from-two-projects-14123.html
At September 30, 2019, Equinox Gold had the following securities issued and outstanding:
- 113 401 597 issued and outstanding
- 2 701 779 issuable under stock options
- 24 206 190 issuable under share purchase warrants
- 2 096 325 issuable under restricted share units
- 142 405 891 FULLY DILUTED OUTSTANDING SHARE COUNT
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