Home > Boards > Canadian > Basic Materials > Eldorado Gold Corp (EGO)

Eldorado takes 20% stake in QMX Gold

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 850
Posts 78,319
Boards Moderated 64
Alias Born 11/22/03
160x600 placeholder
Eldorado Gold EPS beats by $0.01, misses on revenue Seeking Alpha - 2/25/2021 5:36:45 PM
Eldorado Gold Reports 2020 Year-End and Fourth Quarter Financial and Operational Results GlobeNewswire Inc. - 2/25/2021 5:26:55 PM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 2/23/2021 6:01:59 AM
Eldorado Gold Announces Maiden Inferred Mineral Resource of 803,000 Ounces at 9.5 g/t Gold at the Ormaque Deposit in Quebec GlobeNewswire Inc. - 2/22/2021 5:24:23 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/10/2021 11:38:35 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 2/5/2021 11:16:26 AM
Eldorado Gold Signs Amended Investment Agreement with the Hellenic Republic GlobeNewswire Inc. - 2/5/2021 8:34:37 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 1/27/2021 6:07:31 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 1/27/2021 6:03:43 AM
Eldorado Gold Provides Conference Call Details for 2020 Year-End and Fourth Quarter Results GlobeNewswire Inc. - 1/26/2021 5:05:00 PM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 1/21/2021 12:49:04 PM
Eldorado and QMX Announce Friendly Acquisition of QMX by Eldorado GlobeNewswire Inc. - 1/21/2021 7:30:00 AM
Eldorado Gold and QMX Announce Friendly Acquisition of QMX by Eldorado GlobeNewswire Inc. - 1/21/2021 7:30:00 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 1/15/2021 6:23:16 AM
Eldorado Provides 2021 Guidance and Five-Year Outlook; Announces Management Appointments GlobeNewswire Inc. - 1/14/2021 5:36:35 PM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 1/8/2021 6:02:40 AM
Eldorado Gold Achieves 2020 Production Guidance; Appoints New Chair of the Board GlobeNewswire Inc. - 1/7/2021 7:19:48 PM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 12/8/2020 4:59:59 PM
Eldorado Gold Releases Updated Reserve and Resource Statement GlobeNewswire Inc. - 12/2/2020 6:45:00 AM
Eldorado Gold Provides Update on Exploration Projects GlobeNewswire Inc. - 11/13/2020 6:45:00 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 11/4/2020 2:22:49 PM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 11/4/2020 1:54:22 PM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 10/30/2020 6:03:08 AM
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 10/30/2020 6:01:28 AM
Eldorado Gold Reports Q3 2020 Financial and Operational Results GlobeNewswire Inc. - 10/29/2020 5:10:10 PM
NYBob Member Level  Friday, 12/20/19 12:57:05 AM
Re: timetravelerdos post# 1028
Post # of 1053 
Eldorado takes 20% stake in QMX Gold
Canadian Mining Journal Staff | December 19, 2019 | 10:33 am Canada Gold

Eldorado begins commercial production at its first Canadian mine
Mill at Lamaque underground gold mine in Quebec.




QMX Gold announced a C$4 million share purchase agreement with Eldorado Gold which will give the producer a 19.99% stake in the company.

“QMX continues to return excellent results from its various projects across its extensive Val d’Or property, demonstrating significant upside potential. Eldorado’s investment will allow us to continue to progress our projects, creating shareholder value and validates QMX’s work completed to date,” Brad Humphrey, the company’s president and CEO said in the release.

The 68-million share non-brokered private placement will be done at C$0.06 per share, a 9% and 11% premium to the close and 20-day weighted average price of QMX shares respectively for proceeds of C$4 million.

Eldorado holds the Lamaque project in Quebec which started commercial production in April and is expected to produce 100,000 oz. to 110,000 oz. this year. It acquired the project in May 2017 for C$590 million from Integra Gold.

QMX holds 200 sq. km of holdings in Val d’Or with an indicated resource of 4.8 million tonnes at 1.69 g/t gold for a total of 258,700 oz. with an additional 2.4 million tonnes at 1.87 g/t gold inferred for a total of 145,100 oz. at the Bonnefond deposit. The company also holds the Aurbel mill in its portfolio.

(This article first appeared in the Canadian Mining Journal)


My opinions are my own and and DD I post should be confirmed as unbiased
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences