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FIOGF: effective Jan. 14,2022:
The arrangement consists of an arm's length acquisition by Calibre Mining Corp. ("Calibre") (TSX:CXB) of all of the issued and outstanding common shares of Fiore Gold Ltd. in exchange for issuing 0.994 of a share of Calibre and a cash payment of C$0.10 for each Common Share by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Rick Rule & Darren Hall on Calibre & Fiore
I invested in Lithium X which had most of the same directors and Giustra was orignally behind that as well. They sold it. The OTX was $LIXXF. Same thing happened. People got nervous and selling pennies to .20 cents off the price they were basically guaranteed. I'm holding unless it goes to 1.44 before the merger. We all still have to vote too. Good luck. But profit is profit too, so do what you need to.
I'm taking some off because i'm sick of sitting on this thing. But it appears they will be forming a larger, mid-tier mining company with good assets. But I'm not sure I'm willing to stick around to see what happens. I'd like to see 1.80 and maybe I'll keep a few, but most of my shares will be sold by that time I think.
It will take me awhile to figure this out, how do you see it?
Even with the news, there are sellers at 1.30 CAD. I don't get it.
Fiore getting acquired by Calibre
Transaction Details
Pursuant to the Transaction, Fiore shareholders will receive 0.994 of a Calibre common share and C$0.10 in cash for each Fiore common share held (the “Consideration”). The Consideration implies C$1.80 per Fiore common share, a premium of 44% based on the closing prices of Calibre and Fiore common shares on October 22, 2021 and a premium of 36% based on the volume weighted average prices of both companies for the 20-day period ending on October 22, 2021. Existing shareholders of Calibre and Fiore will own approximately 78% and 22% of the combined company, respectively.
Full details of the Transaction will be included in the respective management information circulars of Calibre and Fiore, expected to be mailed to shareholders in mid-December 2021. Both shareholders’ meetings and closing of the Transaction are expected in January 2022.
https://mailchi.mp/f09423909c78/calibre-announces-acquisition-of-fiore-in-nevada-creating-a-diversified-americas-focused-growing-mid-tier-gold-producer?e=99f493fd3a
Down .06 on 1400 volume is pure manipulation !
the gold market was struggling for the last year, many things didn't make sense but now we are continuing that bull market and i believe it's a doosy !
Oh sure and back over $1.00 finally, hope people have been picking up cheap shares
Thanks for the update Dawson, $ 2.50 by 4th qtr of 22
Great update as usual
FIORE GOLD ACHIEVES ANNUAL PRODUCTION GUIDANCE FOR THIRD CONSECUTIVE YEAR AND REPORTS RECORD GOLD PRODUCTION FOR FISCAL Q4 2021
October 12, 2021
Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce preliminary production results for the Company’s fourth fiscal quarter (“Q4”) and the full fiscal year 2021 which ended September 30th, 2021, for its Pan open pit mine in White Pine County, Nevada.
Full Year and Q4 Operating Highlights
(all figures in U.S. dollars unless otherwise indicated)
Full-year gold production of 45,397 ounces, achieving the midpoint of our 44,000-47,000 ounces guidance range
Record Q4 gold production of 13,527 ounces
Full-year gold sales of 45,341 gold ounces at an average realized price of $1,807 per ounce
Record Q4 sales of 13,506 gold ounces at an average realized price of $1,790 per ounce
Closing cash balance of $22.9 million, an increase of $4.4 million from June 30, 2021, and zero corporate debt
Full-year mined ore production of 14,047 tons per day at a stripping ratio of 1.5 and grade of 0.45 grams per tonne, or 0.013 ounces per ton; ore tons mined and grade within guidance, strip ratio below the guided 1.8:1
Q4 mined ore production of 16,639 tons per day at a stripping ratio 1.5 and grade of 0.41 grams per tonne, or 0.012 ounces per ton
388,461 hours worked in the fiscal year 2021 at a Total Recordable Injury Frequency Rate (“TRIFR”) of 3.1
Pan Mine achieved one million hours worked without a lost time injury in January 2021
Full Year Organic Growth Highlights
At Pan, reported a two year mine life extension, continuing our history of replacing mine depletion through successful exploration
Additionally at Pan, constructed the Phase 3 heap leach pad with first ore placed in July 2021, providing substantial capacity for the added mine life
Acquired the past-producing Illipah project, extending our Nevada land holdings to a total of 222 square kilometers or 55,000 acres
At Gold Rock, we continued our resource expansion and metallurgical drilling program in support of a Feasibility Study. Given our drill success to date, we recently approved an expanded resource drilling program aimed at continued expansion of the Gold Rock mineral resource. We expect to issue the Feasibility Study during calendar Q4 2022 with production at Gold Rock expected in the second half of 2024.
Tim Warman, Fiore’s CEO commented, “Backed by our consistently strong operating performance, we continue to put capital back into our Nevada assets. We have invested in Pan’s future, adding two years of mine life and substantial heap leach capacity, and are planning a significant investment in resource expansion drilling at Pan over the next year. At the same time, we have meaningfully advanced Gold Rock with extensive drilling to progress the Feasibility Study. Given our exploration success, we have elected to add approximately 130,000 feet of drilling aimed at continued expansion of the Gold Rock mineral resource. We believe the modest extension to the Feasibility timeline is well justified given the opportunity to grow the resource. Further, we have added a valuable third Nevada asset to our portfolio, the Illipah project. Despite the ongoing investment, our cash balance and share count have remained steady, our working capital has improved, and we remain debt free. Our financial flexibility is allowing us to advance our goal of having Pan and Gold Rock operate in unison.”
Gold Rock Update
Work on the Gold Rock Feasibility Study is proceeding well, with several programs underway including:
One core and one RC rig currently on site carrying out geotechnical and condemnation drilling.
Three RC rigs expected to arrive onsite in October and November as part of an expanded resource drilling program.
Column tests using samples from 15 large-diameter core holes underway at Forte Dynamics in Colorado, with initial results expected in December.
Background work and contractor selection proceeding for the various Nevada state permit applications required for Gold Rock. The Federal NEPA permitting process was completed in 2018.
Recent drilling at Gold Rock (PR of March 30, 2021) has identified a zone of higher-grade mineralization beyond the northern end of the known resource area, including:
42.7 m of 1.17 g/t gold in hole GR20-110 north of the planned North Pit
18.3 m of 0.99 g/t gold in hole GR21-001 north of the planned North Pit
45.7 m of 2.01 g/t gold in hole GR21-002 north of the planned North Pit
Based on these results, Fiore recently approved an expanded resource drilling program to add an additional 130,000 feet (40,000 metres) of RC and HQ core drilling aimed at continued expansion of the Gold Rock mineral resource. The additional drilling was scheduled to begin in June of this year, but a shortage of available drill rigs in Nevada has delayed the start of the program to October when the first of three additional rigs is expected to arrive on site. The opportunity to add higher-grade ounces to the resource as well as the delays in bringing additional rigs to site is expected to extend the completion date for the feasibility study to calendar Q4 of 2022. Despite this delay to the Feasibility Study schedule, the overall project schedule still anticipates first production at Gold Rock in the second half of 2024.
Will check out, thanks
Market Cap of 90 million, looking for MC of 400 million, very doable in near future.
Here is another one to look at with low share count..CRDOF.....
OT: ATLY revs appear to be solely from lead and zinc concentrate sales. The recent production report says " Altaley will have funding available to finish construction of its 1,000 tonne per day processing facility and related mine infrastructure to initiate production of gold, silver, lead, and zinc in concentrates at Tahuehueto. The Company is targeting initial pre-production by end of 2021 and ramping up to full production capacity during Q1 2022."
I love seeing Fiore keeping the climb up. Won’t lie, I came to Fiore because of NIA. National inflation association. Not sure if you heard of them? Now they brought me this other one. The owner of the company owns a million shares and took part in a previous private placement. But here was their email update today on them. Per their disclosure. But some more info. I’ve bought some more Fiore in the 80’s here, avging up.
Altaley Mining (TSXV: ATLY) gained another 2.86% today to close at $0.72 per share after gaining by 14.75% yesterday! ATLY traded record volume today of 1.904 million shares!
ATLY reported earnings per share (EPS) in 2Q 2021 of $0.03, which is equal to an EPS run rate of $0.12!
ATLY's current P/E ratio based on its 2Q 2021 EPS run rate is only 6! This is entirely from ATLY's Campo Morado Mine!
After ATLY's Tahuahuato Gold Mine launches production near year-end 2021 and ramps up to full production in early 2022, ATLY's revenue will more than double! Tahuahuato will have much higher recoveries than Campo Morado and therefore should be a much more profitable mine!
ATLY will become the next major mid-tier gold miner! This is an opportunity that we only come across once per decade! NIA's President expects this to become one of his most profitable investments in history!
I never saw them before, at first glance i'm impressed, will check into it more tomorrow.
I love Fiore, but another one that just put up huge numbers, may want to check is Altaley mining ATLYF. 2nd qt numbers were big. If you get time, let me know what you think
Yes Fiore is Killing it, Hang in there everyone, $2.50 is my target.
Excellent quarter numbers released!we all know the time is coming
FIORE GOLD’S FISCAL Q3 DELIVERS $6.0 MILLION OPERATING CASH FLOW
August 25, 2021
TSXV–F
OTCQB–FIOGF
FSE–2FO
Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (FSE-2FO) (“Fiore” or the “Company”) is pleased to announce that its financial statements and management’s discussion and analysis for the third fiscal quarter (“Q3 2021”) ended June 30, 2021, have been filed with the securities regulatory authorities and are available at www.sedar.com and on the Company’s website at www.fioregold.com.
Fiscal Q3 2021 Highlights
(all figures in U.S. dollars unless otherwise indicated)
Operating & Financial
Q3 gold production of 11,751 ounces, an 8% increase compared to Q2 2021 as heap leach pH and alkalinity levels improved during the quarter
Gold sales of 11,741 ounces at an average realized price of $1,815 per ounce
First ore placed on the new leach pad in June 2021 and irrigation commenced in early July, which is expected to further improve gold production in fiscal Q4
Mined ore production in Q3 of 12,557 tons per day (“tpd”) with a stripping ratio of 1.8:1.0 and grade of 0.46 grams per tonne (“g/t”) or 0.013 ounces/ton (“opt”)
82,028 total site hours worked in Q3 with no reportable environmental incidents at a Total Recordable Injury Frequency Rate (“TRIFR”) of 3.7
Q3 cash costs per ounce sold1 of $1,073
Q3 Pan Mine AISC1 per ounce sold of $1,100 and Fiore consolidated AISC1 of $1,247
Recorded quarterly revenues of $21.3 million with mine operating income of $7.2 million
Generated Pan operating cash flow1 of $6.9 million and consolidated operating cash flow of $6.0 million
Net income of $4.1 million and $0.04 net earnings per share
Closing cash balance of $18.5 million at June 30, 2021, an increase in cash from March 31, 2021 despite investment in the expansion of the Pan heap leach pad to accommodate added mine life and on-going drilling and Feasibility Study activities to advance Gold Rock
Organic Growth
During the quarter, we agreed to acquire a 100% interest in the past producing Illipah project, adding further exploration ground in Nevada (refer to our June 14, 2021 news release for additional details) and subsequent to quarter end on July 22, 2021, announced the completion of the acquisition
Gold Rock drill results announced during the quarter were headlined by 24.4 metres of 2.85 g/t gold and 40.3 metres of 0.70 g/t gold
1 This is a non-IFRS financial measure. Please refer to “Non-IFRS Financial Measures” at the end of this news release for a description of these non-IFRS financial measures and to the Non-IFRS Financial measures in the June 30, 2021 Management’s Discussion and Analysis for a reconciliation to operating costs from the Company’s interim financial statements.
Tim Warman, Fiore’s CEO commented, “Strong gold production continued to drive strong operating cash flow of $6.0 million in the quarter, as Pan continues to fire on all cylinders. Cash balance and working capital both increased despite ongoing investment in our leach pad expansion and additional Gold Rock drilling. We expect further production improvement in fiscal Q4 as we irrigate fresh ore directly above the liner on the new leach pad. With Pan performing well, we plan to invest in an aggressive exploration program over the next 12-18 months covering our 200 km2 Pan and Gold Rock land package, as well as our newly acquired Illipah project. Given the success of previous drill programs at both Pan and Gold Rock, we are confident that this expanded exploration program will demonstrate the longer-term potential of all our Nevada assets.”
Review of Operating Results
Three months ended June 30,
Operating Results 2021 2020
Ore Mined (t) 1,142,648 1,353,799
Waste Mined (t) 2,013,618 1,795,385
Total Mined (t) 3,156,266 3,149,184
Gold Ounces Mined (oz) 15,382 21,622
Ore Grade Mined (oz/t) 0.013 0.016
Ore Grade Mined (g/t) 0.462 0.548
Strip Ratio waste/ore 1.8 1.3
Gold Ounces Produced (oz) 11,751 12,764
Gold Ounces Sold (Payable) (oz) 11,741 12,761
Average Realized Price1 $/oz 1,815 1,720
Total Cash Costs per Ounce1 $/oz 1,073 916
Cost of Sales per Ounce1 $/oz 1,201 1,070
Pan Mine AISC per Ounce1 $/oz 1,100 1,010
Fiore Consolidated AISC per Ounce1 $/oz 1,247 1,128
Production increased relative to Q2 2021 and was lower than the prior year quarter in part due to lower grade mined per the mine schedule. Cost metrics were slightly higher than prior year due mainly to the higher strip ratio, which was above the life of mine average.
1 This is a non-IFRS financial measure. Please refer to “Non-IFRS Financial Measures” at the end of this news release for a description of these non-IFRS financial measures and to the Non-IFRS Financial measures in the June 30, 2021 Management’s Discussion and Analysis for a reconciliation to operating costs from the Company’s interim financial statements.
Q3 2021 Financial Results
Three Months Ended June 30,
Financial Results of Operations 2021 2020
Select Items - On a Consolidated Basis $000's $000's
Revenue 21,308 21,959
Mine Operating Income 7,202 8,304
Income from Operations 5,410 6,508
Net Income 4,140 5,136
Adjusted Net Earnings1 4,267 5,712
Financial Position as of: June 30,
2021 September 30,
2020
Select Items - On a Consolidated Basis $000's $000's
Cash 18,481 23,207
Inventories 32,301 26,256
Total Current Assets 52,062 50,786
Mineral Property, Plant and Equipment, net 19,540 11,412
Evaluation Assets 8,789 4,512
Total Assets 88,727 75,770
Total Current Liabilities (9,940) (10,743)
Long-Term Liabilities (6,678) (7,231)
Working Capital Surplus 42,122 40,043
Our liquidity and financial position remain strong with a cash balance of $18.5 million and working capital of $42.1 million. Refer to the Company’s MD&A and Financial Statements for additional information. Our financial strength puts Fiore in a good position to continue to progress our growth assets.
Anyone who wants to chat about FIORE come over to CEO.CA. It's just me talking to myself LOL!
https://ceo.ca/f.v
With this chart, where do you think gold gets to…besides all the money being printed and pumped into the system. Besides Fiore, what else you holding?
Check out this MONSTER GOLD charthttps://galacticupdates.com/wp-content/uploads/2021/08/2021aug3goldenfun2.png
News….
FIORE GOLD COMPLETES ACQUISITION OF PAST-PRODUCING ILLIPAH PROJECT IN NEVADA
July 22, 2021
TSXV–F
OTCQB–FIOGF
FSE–2FO
Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce that it has completed the acquisition of a 100% interest in the past producing Illipah gold project, located in White Pine County, Nevada approximately 36 km northeast of Fiore’s Gold Rock project at the southern end of the prolific Carlin Trend (Figure 1).
The Illipah gold project covers approximately 1,600 hectares (3,950 acres) and hosts a former heap-leach gold mine that produced 37,000 ounces of gold in the late 1980s at an average grade of 1.37 g/t Au and heap leach recoveries over 80%. The geological dataset for the project is extensive and includes 562 primarily reverse-circulation drill holes, as well as 2,415 soil samples, 491 rock samples and detailed surface mapping.
Tim Warman, Fiore’s CEO stated, “Planning is well underway for an initial exploration program at Illipah, with fieldwork expected to begin in early August. We plan to start with a detailed program of mapping and geochemical sampling in conjunction with permitting for a larger drilling program which is expected to be completed in the spring of next year. If promising targets are identified in the meantime, we can carry out a more limited drilling program while we wait for approval for the larger program.”
The primary controls on mineralization include a north-south trending anticline (as at Gold Rock) as well as north-south. north-northeast and west-northwest oriented faulting. Typical Carlin-style alteration, including decalcification, silicification, jasperoid, is strongly developed along all these structures, as are anomalous concentrations of typical pathfinder elements such as arsenic, antimony, and mercury. Gold was mined primarily from the Chainman Shale – Joana Limestone contact as at Gold Rock, but the highly prospective Pilot Shale – Devils Gate Limestone contact has also been intersected by drilling. This latter contact hosts the gold mineralization at Fiore’s Pan Mine, as well as at Nevada Gold Mines’ Rain Mine, which produced over one million gold ounces between 1988 and 2018.
Summary Terms of the Acquisition
Under the terms of a definitive agreement, Fiore acquired a 100% interest in the Illipah property from Clover Nevada LLC, an indirect subsidiary of Waterton Precious Metals Fund II Cayman, LP, for total consideration of:
US$200,000 in cash; and
1.3 million Fiore Gold shares.
The transaction, and the issuance of Fiore’s common shares pursuant to the definitive agreement, have been approved by the TSX Venture Exchange (the “TSXV”). The issuance of all the common shares is subject to a statutory hold period.
Qualified Persons
The scientific and technical information relating to Fiore’s properties contained in this news release was approved by Paul Noland (AIPG CPG-11293), Fiore’s VP Exploration and a "Qualified Person" under National Instrument 43-101.
Illipah is an early-stage exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”). There has been insufficient exploration to define a mineral resource estimate at Illipah. All historical production, drill or sample figures quoted herein are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify results. The historical figures should not be relied upon and have not been verified by a Qualified Person.
Corporate Strategy
Our corporate strategy is to grow Fiore into a 150,000 ounce per year gold producer. To achieve this, we intend to:
grow gold production at the Pan Mine while also growing the reserve and resource base;
advance exploration and development of the nearby Gold Rock project; and
acquire additional production or near-production assets to complement our existing operations.
On behalf of FIORE GOLD LTD.
"Tim Warman"
Chief Executive Officer
Vancouver's ONE BENCHMARK that's help keep me defensive
WHO ?........Vancouver - ie Commodities - Why even Oil got (somewhat) CRUSHED today....
And Vancouver does not even HAVE much oil
Regardless - FIOGF was down 6.5 pct today - as were tons of other juniors
Week or so earlier
Month(s) ago
Might be a buyer if things drop to 760
Agreed, people are able to acquire here as it has consolidated
Very nice and we are still 50% undervalued. We will reach fair value at some point in the next 12 months and that's conservative.
NEWS!! Beautiful!
FIORE GOLD REPORTS INCREASED FISCAL Q3 PRODUCTION OF 11,756 GOLD OUNCES, CASH POSITION OF US$18.5 MILLION
July 12, 2021
TSXV–F
OTCQB–FIOGF
FSE – 2FO
Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce preliminary production results for the Company’s fiscal third quarter (“Q3”) of 2021 (quarter ending June 30, 2021) from its Pan open pit mine in White Pine County, Nevada. All dollar figures are in United States dollars unless otherwise noted.
Highlights:
Q3 gold production of 11,756 ounces, an 8% increase over fiscal Q2 2021 as quarterly production trended back to historic levels
Gold sales of 11,741 ounces at an average realized price of $1,815 per ounce
Mined ore production in Q3 of 12,557 tons per day with a stripping ratio of 1.8:1.0 and grade of 0.46 grams per tonne (“g/t”) or 0.013 ounces/ton (“opt”)
First ore placed on the new leach pad in June 2021 and commenced irrigation early July, which is expected to further improve gold production in fiscal Q4
Gold Rock drill results announced during the quarter were headlined by 24.4 metres of 2.85 g/t gold and 40.3 metres of 0.70 g/t gold
During the quarter, we agreed to acquire the past-producing project, Illipah, adding further exploration ground in Nevada (refer to our June 14, 2021 news release for additional details)
Closing cash balance of $18.5 million at June 30, 2021, an increase in cash from March 31, 2021 despite continued capital investment in the expansion of the Pan heap leach pad to accommodate added mine life, and on-going drilling and Feasibility Study activities to advance Gold Rock
82,028 man-hours worked in Q3 with no reportable environmental incidents at a Total Recordable Injury Frequency Rate (“TRIFR”) of 3.7
Tim Warman, Fiore’s CEO commented, “We are pleased that gold production has trended back to normal levels and we hope to see further improvement in fiscal Q4 as we begin to irrigate fresh ore directly above the liner on the new leach pad. With Pan performing well, we plan to invest in an aggressive exploration program over the next 12-18 months covering our 200 km2 Pan and Gold Rock land package, as well as our newly acquired Illipah project. Given the success of previous drill programs at both Pan and Gold Rock, we are confident that this expanded exploration program will demonstrate the longer-term potential of our Nevada assets.”
This is the bottom,up from here.
So far it hasn't held so not out of the woods yet.
Why are you here. If you own no shares please leave. Told-you-sos don't help the board.
Made a mistake in that post tho :
Had IOGF underlined instead of ca:F
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164736567
Fiore, etc. still holding up tho (just barely)......I imagine due to this ?
K92 still up 'round its' ATH's.....That is one heck of an op
That solves it then ;o)
Agree with you about K92. FIOGF is not so firm in my mind.
No thanks, i'm here to stay, by the way i'm still in K92 and i stayed with them just like i will stay with Fiore. There is value in the gold that they find even though production will not increase that much for awhile, there is much exploration for them to do.
time to move on- years before any production growth - ceo finally admitted to dilution in order to fund construction = remember a year ago he said would fund thru cash flow and dangling the hope of an aquisition yatta yatta- you people never should have left k-92- anyway told you would be back below a buck after that email pump
Fiore's fundamentals are still very good, gold in general taking a hit, this will soon change
Added more today. This is getting out of hand.
Fiore news today, acquiring some more land
funny volume and price spiked around noon est and i got my email at 2:15 pm- what a scam- if u people dont find it suspicious then i can see why youre still here in the echoe chamber- below a buck again soon
Yep. And shares are back on the ask. Can't get rid of these sellers. IMO they were ready for the email.
Market by price
Price Total volume Value
1.340 1,400 $1,876
1.330 3,200 $4,256
1.320 100 $132
1.310 7,100 $9,301
1.300 20,910 $27,183
1.290 600 $774
1.280 37,850 $48,448
1.270 41,900 $53,213
1.260 57,800 $72,828
1.250 24,800 $31,000
-------------------------- BID/ASK
1.230 105 $129
1.220 100 $122
1.210 300 $363
1.200 12,300 $14,760
1.190 20,100 $23,919
1.180 29,600 $34,928
1.170 600 $702
1.160 10,600 $12,295
1.150 12,454 $14,319
1.140 1,800 $2,049
Just got sent email from the company that came in 10 mins ago.
Fiore Gold – June 2021 Update
Hello to all current and potential shareholders. As we continue to advance our Nevada assets, Pan and Gold Rock, we thought a general update note would be useful.
At the tail-end of 2020, we announced a two year extension to the life of mine at Pan, solidifying the foundation on which Fiore Gold is built. Fantastic drill success at Gold Rock through the first half of 2021 continues to establish our organic growth story.
Here is a quick reminder of the key news year-to-date:
Three news releases on Gold Rock drill intercepts highlighting:
45.7 metres of 2.01 g/t gold and 42.7 metres of 1.17 g/t gold
24.4 metres of 2.85 g/t gold and 40.3 metres of 0.70 g/t gold
19.8 metres of 1.33 g/t gold and 12.2 metres of 1.75 g/t gold
Q2 2021 earnings represents fourth consecutive quarter above $0.05 net earnings per share
In February, one million hours worked without a lost time injury!
And the balance of 2021 has many remaining catalysts including:
Continued drill results from Gold Rock where we have increased our planned drilling metres to target some of the higher grade areas of the deposit
Drill results from upcoming Pan Mine resource expansion program
On-going earning releases
Our goal is to become the only multi-asset, 100% US gold producer on the Canadian or US exchanges
We have also been busy to ensure the Fiore Gold story is getting visibility in the market. Please take a look below at some media content that may provide some further context to our story.
We look forward to capitalizing on our positive momentum!
Volume coming in. Not sure why.
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VANCOUVER, BC / ACCESSWIRE / May 21, 2020 / FIORE GOLD LTD. (TSXV:F)(OTCQB:FIOGF)(FSE:2FO) ("Fiore" or the "Company") is pleased to announce that its financial statements and management's discussion and analysis for the second fiscal quarter ("Q2 2020") ended March 31, 2020, have been filed with the securities regulatory authorities and are available at www.sedar.com and on the Company's website at www.fioregold.com.
Fiscal Q2 2020 Highlights
(all figures in U.S. dollars unless otherwise indicated)
Operating & Financial
Organic Growth
Tim Warman, Fiore's CEO commented, "Fiore's achievements in Q2 continue to advance our goal of becoming a multi-asset US gold producer. The Pan Mine set multiple records in profitability and cash flow with production increasing and costs declining quarter on quarter. Pan continues to be our cornerstone asset allowing us to advance the adjacent Gold Rock property without diluting our shareholders. With a strengthened balance sheet, a positive PEA, and the access road constructed, we are now taking the next steps to move Gold Rock toward feasibility. And with the subsequently announced 2 million ounce resource at Golden Eagle, we hope to drive even further shareholder value. We continue to recognize the inherent risk posed by COVID-19. The health and safety of our employees comes first as they are the foundation of our success in Nevada. We have put a range of operating protocols in place to best mitigate the risk to them. We are fortunate that we have no reported cases at site and continue to operate with minimal disruption."
On behalf of FIORE GOLD LTD.
“Tim Warman”
Chief Executive Officer
Contact Us:
info@fioregold.com
1 (416) 639-1426 Ext. 1
www.fioregold.com
Corporate Strategy
Our corporate strategy is to grow Fiore Gold into a 150,000 ounce per year gold producer. To achieve this, we intend to:
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