Mini GoldRush for exchange-listed GoldSilver companies

The COVID-19 pandemic has brought many hardships and difficulties to traditional fundraising. Not all sectors are being impacted by the pandemic. In fact, we are seeing a mini-boom in fundraising by GoldSilver mining and exploration companies listed on the four Canadian Stock Exchanges.

With still a week to go before the end of May 2020, public listed GoldSilver companies have already raised CND $412 million in May. Companies are taking advantage of the “Golden” opportunities, continuing to announce, upsize, and raise record money.

The average deal size has been increasing since January 2020. It should be noted that several large debt financings in March, June 2019 have skewed the averages in these two months.

Top Five GoldSilver Financings – 2020

Mining Company

Stock Symbol(s)

Close Date

$ Millions

Equinox Gold Corp. 

TSX/NYSE American: EQX

2020-03-10

US $130

SilverCrest Metals Inc.

TSX: SIL; NYSE American: SILV

2020-04-17

$101

Fortuna Silver Mines Inc.

TSX: FVI; NYSE: FSM

2020-05-20

US $69

Bluestone Resources Inc.

TSX-V: BSR; OTCQB: BBSRF

2020-05-01

$92

Orla Mining Ltd.

TSX: OLA

2020-04-03

$72

Not included in the list is Dundee Corporation (TSX: DC.A)’s innovative bought deal secondary sale of 23.9 million units of Dundee Precious Metals Corp. (TSX: DPM) for $151.8 million.

Methodologies
Financings include both equity and debt financings completed on three Canadian Exchanges, CSE, TSX, TSX Venture. There were no GoldSilver financings completed on the NEO Exchange.

photo credit: SilverCrest Metals