View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsHighGold Mining 将来の成長Future 基準チェック /06現在、 HighGold Miningの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Metals and Mining 収益成長18.1%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Jul 11Contango Ore, Inc. (NYSEAM:CTGO) completed the acquisition of HighGold Mining Inc. (TSXV:HIGH).Contango Ore, Inc. (NYSEAM:CTGO) entered into a definitive arrangement agreement to acquire HighGold Mining Inc. (TSXV:HIGH) for CAD 49.4 million on May 1, 2024. The Exchange Ratio implies total consideration of CAD 0.55 per HighGold Share and total HighGold equity value of approximately CAD 51 million on a fully diluted in-the-money basis. Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock. Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company. The Agreement contains customary provisions including non-solicitation, "fiduciary out" and "right to match" provisions, as well as a CAD 2 million termination fee payable to either company under certain circumstances. In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors. The Transaction will be carried out by way of court-approved Plan of Arrangement under the Business Corporations Act (British Columbia) and will require approval by 66 2/3% of the votes cast by HighGold shareholders and option holders, and 66 2/3% of votes cast by HighGold shareholders and option holders, voting together as a single class at a special meeting (the “Meeting”) expected to be held in late [June] 2024. Directors and officers of HighGold, representing an aggregate of approximately 1.9% of the issued and outstanding HighGold Shares, have entered into voting support agreements pursuant to which, among other things, each director and officer has agreed to vote in favor of the Transaction at the Meeting. In addition to HighGold securityholder approval, the Transaction is subject to other applicable regulatory approvals and closing conditions which are customary for a transaction of this nature. On May 28, 2024, HighGold obtained an interim order of the Supreme Court of British Columbia to authorize the Meeting process in connection with the arrangement. Subject to the satisfaction of these conditions, Contango and HighGold expect the Transaction to be completed in July 2024. The Agreement has been unanimously approved by the Contango board of directors and the HighGold board of directors. The HighGold board of directors recommends that securityholders vote in favor of the Transaction at the Meeting. As of June 27, 2024, HighGold Mining shareholders approve the transaction. The Company will seek a final order approving the Arrangement from the Supreme Court of British Columbia on July 2, 2024. On July 2, 2024, the Company obtained a final order from the Supreme Court of British Columbia approving the transaction. The parties currently expect to complete the Arrangement on or around July 9, 2024. Agentis Capital Mining Partners and Evans & Evans, Inc. have provided fairness opinions to the Board of Directors of HighGold. Contango has engaged Cormark Securities Inc. as financial advisor, Blake, Cassels & Graydon LLP as Canadian legal counsel and Holland & Knight LLP as US legal counsel in connection with the Transaction. HighGold has engaged Agentis Capital Mining Partners as financial advisor and DuMoulin Black LLP as legal counsel in connection with the Transaction. In connection with financial advisory services rendered by Agentis Capital Mining Partners (“ Agentis ”) to HighGold with respect to the Acquisition, a cash success fee of CAD 693,900 is now payable by HighGold to Agentis. The cash success fee was calculated as 1.35% of the value of consideration received by HighGold Shareholders under the Acquisition. Contango Ore, Inc. (NYSEAM:CTGO) completed the acquisition of HighGold Mining Inc. (TSXV:HIGH) on July 10, 2024.お知らせ • Jul 10HighGold Shares Expects to Be Delisted from TSX-V at the Close of Trading on July 11Contango ORE Inc. and HighGold Mining Inc. announced that Contango has completed its acquisition of HighGold (the “Acquisition”) by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the “BCBCA”). The Acquisition was overwhelmingly approved by HighGold securityholders in accordance with the requirements of the BCBCA at a special meeting of HighGold securityholders held on June 27, 2024, and was subsequently approved by the Supreme Court of British Columbia on July 2, 2024. The HighGold Shares are expected to be delisted from the TSX Venture Exchange at the close of trading on July 11, 2024 and HighGold intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.Recent Insider Transactions Derivative • Jun 14President exercised options to buy CA$136k worth of stock.On the 7th of June, Darwin Green exercised options to buy 293k shares at a strike price of around CA$0.61, costing a total of CA$179k. This transaction amounted to 57% of their direct individual holding at the time of the trade. Since December 2023, Darwin's direct individual holding has increased from 936.25k shares to 983.75k. Company insiders have collectively bought CA$278k more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • May 03Contango Ore, Inc. (NYSEAM:CTGO) entered into a definitive arrangement agreement to acquire HighGold Mining Inc. (TSXV:HIGH) for CAD 49.6 million.Contango Ore, Inc. (NYSEAM:CTGO) entered into a definitive arrangement agreement to acquire HighGold Mining Inc. (TSXV:HIGH) for CAD 49.6 million on May 2, 2024. The Exchange Ratio implies total consideration of CAD 0.55 (approximately $0.40) per HighGold Share and total HighGold equity value of approximately $37 million (CAD 51 million). Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock. Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company. The Agreement contains customary provisions including non-solicitation, "fiduciary out" and "right to match" provisions, as well as a CAD 2 million termination fee payable to either company under certain circumstances. In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors. The Transaction will be carried out by way of court-approved Plan of Arrangement under the Business Corporations Act (British Columbia) and will require approval by 66 2/3% of the votes cast by HighGold shareholders and option holders, and 66 2/3% of votes cast by HighGold shareholders and option holders, voting together as a single class at a special meeting (the “Meeting”) expected to be held in late [June] 2024. Directors and officers of HighGold, representing an aggregate of approximately 1.9% of the issued and outstanding HighGold Shares, have entered into voting support agreements pursuant to which, among other things, each director and officer has agreed to vote in favor of the Transaction at the Meeting. In addition to HighGold securityholder approval, the Transaction is subject to other applicable regulatory approvals and closing conditions which are customary for a transaction of this nature. Subject to the satisfaction of these conditions, Contango and HighGold expect the Transaction to be completed in July 2024. The Agreement has been unanimously approved by the Contango board of directors and the HighGold board of directors. The HighGold board of directors recommends that securityholders vote in favor of the Transaction at the Meeting. Agentis Capital Mining Partners and Evans & Evans, Inc. have provided fairness opinions to the Board of Directors of HighGold. Contango has engaged Cormark Securities Inc. as financial advisor, Blake, Cassels & Graydon LLP as Canadian legal counsel and Holland & Knight LLP as US legal counsel in connection with the Transaction. HighGold has engaged Agentis Capital Mining Partners as financial advisor and DuMoulin Black LLP as legal counsel in connection with the Transaction.お知らせ • Nov 21+ 1 more updateHighgold Mining Inc. Provides an Update on Its 2023 Exploration and Development Program Including Final Drill Results At the Johnson Tract Polymetallic Gold Project in Southcentral Alaska, UsaEight (8) reconnaissance drill holes were completed across a 1km east-west trend between the Ellis Zone and the East DC prospect area. The holes targeted mapped structures, alteration and mineralization as well as blind geophysical and geological targets that project beneath an area of landslide cover. Significant new zones of quartz-sulphide stockwork veining were intersected in five (5) holes at East DC with anomalous silver-copper geochemistry that warrant additional follow-up. Significant results include: 3.9 m at 97 g/t Ag in hole DC23-075, 1.3 m at 2.7% Cu and 23 g/t Ag in hole DC23-076, 1.2 m at 1.6% Cu in hole DC23-080. The Company also completed five (5) drillholes for initial testing of the South Valley and Double Glacier prospects 1.5 km and 3 km south of the JT Deposit, respectively. Though no major mineralized intervals were returned in the South Valley and Double Glacier drillholes, the Company did intersect the JT Deposit host dacite volcanic stratigraphy with weakly anomalous values of Au, Ag and Zn, and the same unique nodular anhydrite alteration assemblage which surrounds the JT Deposit. Of additional significance, drill hole DG23-003 retuned a 1.3 m at 2.3% Zn within a mudstone unit at the Double Glacier prospect, highlighting potential for VMS-style mineralization. Further work is planned to follow-up on these drillholes during the 2024 field season. A property-wide, 666 line-km airborne Magnetic and EM geophysical survey (MobileMT) was completed by Expert Geophysics in August 2023 to aid in discerning prospective mineralizing systems beneath covered areas. The final results show resistivity data to a depth of 2 km and highlight all the known prospect areas. HighGold is currently awaiting 3D inversions of MobileMT and magnetic data; however, early observations indicate the ability to fingerprint known mineralization, identify new shallow targets, and identify deeper anomalies related to possible porphyry-style systems.お知らせ • Aug 23Highgold Mining Inc. Provides Johnson Tract Program UpdateHighGold Mining Inc. provided an update on its 2023 exploration and development program at the Johnson Tract polymetallic Gold Project in Southcentral Alaska, USA. The Project hosts the high-grade JT Deposit with a 1.05 Moz indicated resource at 9.39 g/t gold equivalent ("AuEq"). This year's Program commenced in early July and is the first of a multi-year advanced exploration plan designed to de-risk the Project and support future studies to evaluate the potential for a high-grade underground mine. A planned 8,000-meter drill program is advancing well, focused on expanding the known zones of mineralization at the Ellis Zone and JT Deposit, testing new high-potential targets as well as geotechnical drilling to inform permitting of an expanded airstrip, connecting road and eventual development of an underground exploration ramp. This year's Program also includes an airborne geophysical survey, baseline data collection and environmental studies to support permitting efforts. Progress to date includes: Approximately 2,500 meters of exploration drilling have been completed in 12 holes. Drilling to date has been focused at the Ellis Zone and the nearby East Difficult Creek prospect, where drilling is ongoing with one rig, and at the JT Deposit, where the second rig is currently located. A deep-penetration 600 line-km Mobile MT airborne geophysical survey has been completed over key prospect areas to identify new targets. A 1,400-meter geotechnical and hydrogeological drill program in six holes has been completed. Civil engineering field works for surface infrastructure planning and design has been completed. This included a shallow 42-hole civil geotechnical drilling program. Exploration Objectives and Details. The objective of the 2023 drill program is to expand the known zones of mineralization and to test new high-potential target areas. Key drill targets include: Ellis Zone expansion; In addition to drilling, the 2023 exploration program will include geological mapping, prospecting, soil & rock sampling, and airborne geophysical surveying programs to follow-up and expand on the positive results generated from the 2022 program and refine drill targets. A multi-year advanced exploration plan has been developed for the Johnson Tract project designed to de-risk the project and support future engineering, environmental and economic studies that evaluate the potential for a small footprint, high-grade underground mine. For additional details see NI 43-101 Technical Report titled " Updated Mineral Resource Estimate and NI 43-101 Technical Report for the Johnson Tract Project, Alaska," dated August 25, 2022 (effective date of July 12, 2022) authored by Ray C. Brown, James N. Gray, P.Geo. and Lyn Jones, P.Eng. Gold Equivalent ("AuEq") is based on assumed metal prices and payable metal recoveries of 97% for Au, 85% for Ag, 85% Cu, 72% Pb and 92% Zn from metallurgical testwork completed in 2022. Ian Cunningham-Dunlop, P.Eng., Senior VP Exploration for HighGold Mining Inc. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.New Risk • Jul 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$14m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$14m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$52.6m market cap, or US$39.6m).お知らせ • Jun 30HighGold Mining Inc. Announces Start of 8,000 Meter Drill Program and Outlines Advanced Exploration Plans At Johnson Tract Project, AlaskaHighGold Mining Inc. announced the start of the 2023 exploration program at the Johnson Tract polymetallic Gold Project in Southcentral Alaska, USA. The Project hosts the high-grade JT Deposit with a 1.05 Moz indicated resource at 9.39 g/t gold equivalent. The 2023 Program plans for an 8,000 meter, two rig drill program in addition to engineering, hydrogeology and environmental studies to support permitting an underground exploration ramp as part of a multi-year 'advanced exploration' plan. Crews are now on site at the Project with drilling to commence imminently. The objective of the 2023 drill program is to expand the known zones of mineralization at the Ellis Zone and JT Deposit and to test new high-potential target areas. Key drill targets include: Ellis Zone expansion - Follow-up expansion drilling on 50 to 100-meter centers on the high- grade Au-Ag-Zn-Pb (+Cu) structurally controlled vein and breccia zone. The Ellis Zone shows similarities to the JT Deposit and remains open in multiple directions. East Difficult Creek (Ellis Zone Regional) - A new interpretation suggests that the mineralized system hosting the Ellis Zone is large and continues north and east under cover, and across syn- mineralization faults. Drilling will test offset and geophysical targets under overburden cover towards the East Difficult Creek prospect. JT Deposit - A significant east-west cross-fault has been identified south of the JT Deposit as the result of drilling and interpretative work completed in 2022. Drilling will test the continuation of the known mineralization to the south across this fault. South Valley Target (JT Deposit South) - A blind target under overburden cover located 1 km (1/2 mile) along strike to the south of the JT Deposit. Drilling will test a geophysical anomaly that shares a similar signature to the JT Deposit. Anhydrite alteration, a key alteration type surrounding the JT Deposit, borders the South Valley target. In addition to drilling, the 2023 exploration program will include geological mapping, prospecting, and soil & rock sampling programs to follow-up and expand on the positive results generated from the 2022 program and refine new drill targets. A multi-year advanced exploration plan has been developed for the Johnson Tract project designed to de-risk the JT Project and support future engineering, environmental and economic studies that evaluate the potential for a small footprint, high-grade underground mine. A key component of this plan is to establish an exploration ramp for year-round drilling from underground. The exploration ramp will provide lateral underground access from a proposed portal site located at the base of the mountain to an area immediately adjacent the lowermost portions of the currently defined JT Deposit. The ramp will parallel the trend of mineralization and provide an ideal platform for drilling to both grow the resource and to conduct cost-effective tightly spaced definition drilling of the deepest and highest-grade portions of the JT Deposit. The exploration ramp and all related surface infrastructure including airstrip, camp and 2.6- mile (4 km) access road are located on private lands owned by Cook Inlet Region Inc., an Alaska Native regional corporation. Key elements of the advanced exploration plan to be completed in 2023: Road and Expanded Airstrip Permitting - An application for a Section 404 permit was submitted in May to the US Army Corps of Engineers to lengthen and realign the existing airstrip and constructing of approximately 2.6 miles (4 km) of access road connecting the airstrip and Johnson Tract camp to the proposed exploration portal site. The permitting process for the road and airstrip is anticipated to take eight to 12 months to complete with the objective of having approvals in hand in advance of the 2024 field season. Geotechnical Drilling for Surface Infrastructure - A shallow geotechnical drill hole program will be completed with a track-mounted rotary drill rig to support final construction design for the road and airstrip, including evaluation of local material sites. Geotechnical and Hydrogeological Drilling for Exploration Ramp - A program of targeted geotechnical and hydrogeological core drilling (up to 1,500m of drilling) will be completed in support of permitting and design of an underground exploration ramp. Environmental and Cultural Surveys - Various surveys will be completed to support planning and permitting efforts related to the underground exploration ramp and related infrastructure, with a plan to initiate permitting of the exploration ramp early 2024 to have in hand for 2025. Beyond the above-described Section 404 permit that is currently underway, all other permits and authorizations required for the exploration ramp and related infrastructure will be issued under State of Alaska authority. Engineering Studies - Includes preliminary studies related to project infrastructure and evaluation of potential development scenarios.Board Change • Jun 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Ann Labelle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、HighGold Mining は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TSXV:HIGH - アナリストの将来予測と過去の財務データ ( )CAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2024N/A-3-13-2N/A12/31/2023N/A-3-13-2N/A9/30/2023N/A1-15-2N/A6/30/2023N/A1-14-1N/A3/31/2023N/A-2-14-1N/A12/31/2022N/A-2-15-1N/A9/30/2022N/A-2-17-2N/A6/30/2022N/A-2-19-2N/A3/31/2022N/A-2-18-2N/A12/31/2021N/A-2-17-2N/A9/30/2021N/A-2-16-1N/A6/30/2021N/A-2-16-1N/A3/31/2021N/A-1-16-1N/A12/31/2020N/A-1-15-1N/A9/30/2020N/A-2-15-3N/A12/31/2019N/A-2-5-2N/A1/31/2019N/A0-10N/A10/31/2018N/A0-10N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: HIGHの予測収益成長が 貯蓄率 ( 2.1% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: HIGHの収益がCanadian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: HIGHの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: HIGHの収益がCanadian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: HIGHの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: HIGHの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/07/15 13:13終値2024/07/12 00:00収益2024/03/31年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋HighGold Mining Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Stephen SoockStifel Canada
お知らせ • Jul 11Contango Ore, Inc. (NYSEAM:CTGO) completed the acquisition of HighGold Mining Inc. (TSXV:HIGH).Contango Ore, Inc. (NYSEAM:CTGO) entered into a definitive arrangement agreement to acquire HighGold Mining Inc. (TSXV:HIGH) for CAD 49.4 million on May 1, 2024. The Exchange Ratio implies total consideration of CAD 0.55 per HighGold Share and total HighGold equity value of approximately CAD 51 million on a fully diluted in-the-money basis. Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock. Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company. The Agreement contains customary provisions including non-solicitation, "fiduciary out" and "right to match" provisions, as well as a CAD 2 million termination fee payable to either company under certain circumstances. In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors. The Transaction will be carried out by way of court-approved Plan of Arrangement under the Business Corporations Act (British Columbia) and will require approval by 66 2/3% of the votes cast by HighGold shareholders and option holders, and 66 2/3% of votes cast by HighGold shareholders and option holders, voting together as a single class at a special meeting (the “Meeting”) expected to be held in late [June] 2024. Directors and officers of HighGold, representing an aggregate of approximately 1.9% of the issued and outstanding HighGold Shares, have entered into voting support agreements pursuant to which, among other things, each director and officer has agreed to vote in favor of the Transaction at the Meeting. In addition to HighGold securityholder approval, the Transaction is subject to other applicable regulatory approvals and closing conditions which are customary for a transaction of this nature. On May 28, 2024, HighGold obtained an interim order of the Supreme Court of British Columbia to authorize the Meeting process in connection with the arrangement. Subject to the satisfaction of these conditions, Contango and HighGold expect the Transaction to be completed in July 2024. The Agreement has been unanimously approved by the Contango board of directors and the HighGold board of directors. The HighGold board of directors recommends that securityholders vote in favor of the Transaction at the Meeting. As of June 27, 2024, HighGold Mining shareholders approve the transaction. The Company will seek a final order approving the Arrangement from the Supreme Court of British Columbia on July 2, 2024. On July 2, 2024, the Company obtained a final order from the Supreme Court of British Columbia approving the transaction. The parties currently expect to complete the Arrangement on or around July 9, 2024. Agentis Capital Mining Partners and Evans & Evans, Inc. have provided fairness opinions to the Board of Directors of HighGold. Contango has engaged Cormark Securities Inc. as financial advisor, Blake, Cassels & Graydon LLP as Canadian legal counsel and Holland & Knight LLP as US legal counsel in connection with the Transaction. HighGold has engaged Agentis Capital Mining Partners as financial advisor and DuMoulin Black LLP as legal counsel in connection with the Transaction. In connection with financial advisory services rendered by Agentis Capital Mining Partners (“ Agentis ”) to HighGold with respect to the Acquisition, a cash success fee of CAD 693,900 is now payable by HighGold to Agentis. The cash success fee was calculated as 1.35% of the value of consideration received by HighGold Shareholders under the Acquisition. Contango Ore, Inc. (NYSEAM:CTGO) completed the acquisition of HighGold Mining Inc. (TSXV:HIGH) on July 10, 2024.
お知らせ • Jul 10HighGold Shares Expects to Be Delisted from TSX-V at the Close of Trading on July 11Contango ORE Inc. and HighGold Mining Inc. announced that Contango has completed its acquisition of HighGold (the “Acquisition”) by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the “BCBCA”). The Acquisition was overwhelmingly approved by HighGold securityholders in accordance with the requirements of the BCBCA at a special meeting of HighGold securityholders held on June 27, 2024, and was subsequently approved by the Supreme Court of British Columbia on July 2, 2024. The HighGold Shares are expected to be delisted from the TSX Venture Exchange at the close of trading on July 11, 2024 and HighGold intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.
Recent Insider Transactions Derivative • Jun 14President exercised options to buy CA$136k worth of stock.On the 7th of June, Darwin Green exercised options to buy 293k shares at a strike price of around CA$0.61, costing a total of CA$179k. This transaction amounted to 57% of their direct individual holding at the time of the trade. Since December 2023, Darwin's direct individual holding has increased from 936.25k shares to 983.75k. Company insiders have collectively bought CA$278k more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • May 03Contango Ore, Inc. (NYSEAM:CTGO) entered into a definitive arrangement agreement to acquire HighGold Mining Inc. (TSXV:HIGH) for CAD 49.6 million.Contango Ore, Inc. (NYSEAM:CTGO) entered into a definitive arrangement agreement to acquire HighGold Mining Inc. (TSXV:HIGH) for CAD 49.6 million on May 2, 2024. The Exchange Ratio implies total consideration of CAD 0.55 (approximately $0.40) per HighGold Share and total HighGold equity value of approximately $37 million (CAD 51 million). Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock. Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company. The Agreement contains customary provisions including non-solicitation, "fiduciary out" and "right to match" provisions, as well as a CAD 2 million termination fee payable to either company under certain circumstances. In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors. The Transaction will be carried out by way of court-approved Plan of Arrangement under the Business Corporations Act (British Columbia) and will require approval by 66 2/3% of the votes cast by HighGold shareholders and option holders, and 66 2/3% of votes cast by HighGold shareholders and option holders, voting together as a single class at a special meeting (the “Meeting”) expected to be held in late [June] 2024. Directors and officers of HighGold, representing an aggregate of approximately 1.9% of the issued and outstanding HighGold Shares, have entered into voting support agreements pursuant to which, among other things, each director and officer has agreed to vote in favor of the Transaction at the Meeting. In addition to HighGold securityholder approval, the Transaction is subject to other applicable regulatory approvals and closing conditions which are customary for a transaction of this nature. Subject to the satisfaction of these conditions, Contango and HighGold expect the Transaction to be completed in July 2024. The Agreement has been unanimously approved by the Contango board of directors and the HighGold board of directors. The HighGold board of directors recommends that securityholders vote in favor of the Transaction at the Meeting. Agentis Capital Mining Partners and Evans & Evans, Inc. have provided fairness opinions to the Board of Directors of HighGold. Contango has engaged Cormark Securities Inc. as financial advisor, Blake, Cassels & Graydon LLP as Canadian legal counsel and Holland & Knight LLP as US legal counsel in connection with the Transaction. HighGold has engaged Agentis Capital Mining Partners as financial advisor and DuMoulin Black LLP as legal counsel in connection with the Transaction.
お知らせ • Nov 21+ 1 more updateHighgold Mining Inc. Provides an Update on Its 2023 Exploration and Development Program Including Final Drill Results At the Johnson Tract Polymetallic Gold Project in Southcentral Alaska, UsaEight (8) reconnaissance drill holes were completed across a 1km east-west trend between the Ellis Zone and the East DC prospect area. The holes targeted mapped structures, alteration and mineralization as well as blind geophysical and geological targets that project beneath an area of landslide cover. Significant new zones of quartz-sulphide stockwork veining were intersected in five (5) holes at East DC with anomalous silver-copper geochemistry that warrant additional follow-up. Significant results include: 3.9 m at 97 g/t Ag in hole DC23-075, 1.3 m at 2.7% Cu and 23 g/t Ag in hole DC23-076, 1.2 m at 1.6% Cu in hole DC23-080. The Company also completed five (5) drillholes for initial testing of the South Valley and Double Glacier prospects 1.5 km and 3 km south of the JT Deposit, respectively. Though no major mineralized intervals were returned in the South Valley and Double Glacier drillholes, the Company did intersect the JT Deposit host dacite volcanic stratigraphy with weakly anomalous values of Au, Ag and Zn, and the same unique nodular anhydrite alteration assemblage which surrounds the JT Deposit. Of additional significance, drill hole DG23-003 retuned a 1.3 m at 2.3% Zn within a mudstone unit at the Double Glacier prospect, highlighting potential for VMS-style mineralization. Further work is planned to follow-up on these drillholes during the 2024 field season. A property-wide, 666 line-km airborne Magnetic and EM geophysical survey (MobileMT) was completed by Expert Geophysics in August 2023 to aid in discerning prospective mineralizing systems beneath covered areas. The final results show resistivity data to a depth of 2 km and highlight all the known prospect areas. HighGold is currently awaiting 3D inversions of MobileMT and magnetic data; however, early observations indicate the ability to fingerprint known mineralization, identify new shallow targets, and identify deeper anomalies related to possible porphyry-style systems.
お知らせ • Aug 23Highgold Mining Inc. Provides Johnson Tract Program UpdateHighGold Mining Inc. provided an update on its 2023 exploration and development program at the Johnson Tract polymetallic Gold Project in Southcentral Alaska, USA. The Project hosts the high-grade JT Deposit with a 1.05 Moz indicated resource at 9.39 g/t gold equivalent ("AuEq"). This year's Program commenced in early July and is the first of a multi-year advanced exploration plan designed to de-risk the Project and support future studies to evaluate the potential for a high-grade underground mine. A planned 8,000-meter drill program is advancing well, focused on expanding the known zones of mineralization at the Ellis Zone and JT Deposit, testing new high-potential targets as well as geotechnical drilling to inform permitting of an expanded airstrip, connecting road and eventual development of an underground exploration ramp. This year's Program also includes an airborne geophysical survey, baseline data collection and environmental studies to support permitting efforts. Progress to date includes: Approximately 2,500 meters of exploration drilling have been completed in 12 holes. Drilling to date has been focused at the Ellis Zone and the nearby East Difficult Creek prospect, where drilling is ongoing with one rig, and at the JT Deposit, where the second rig is currently located. A deep-penetration 600 line-km Mobile MT airborne geophysical survey has been completed over key prospect areas to identify new targets. A 1,400-meter geotechnical and hydrogeological drill program in six holes has been completed. Civil engineering field works for surface infrastructure planning and design has been completed. This included a shallow 42-hole civil geotechnical drilling program. Exploration Objectives and Details. The objective of the 2023 drill program is to expand the known zones of mineralization and to test new high-potential target areas. Key drill targets include: Ellis Zone expansion; In addition to drilling, the 2023 exploration program will include geological mapping, prospecting, soil & rock sampling, and airborne geophysical surveying programs to follow-up and expand on the positive results generated from the 2022 program and refine drill targets. A multi-year advanced exploration plan has been developed for the Johnson Tract project designed to de-risk the project and support future engineering, environmental and economic studies that evaluate the potential for a small footprint, high-grade underground mine. For additional details see NI 43-101 Technical Report titled " Updated Mineral Resource Estimate and NI 43-101 Technical Report for the Johnson Tract Project, Alaska," dated August 25, 2022 (effective date of July 12, 2022) authored by Ray C. Brown, James N. Gray, P.Geo. and Lyn Jones, P.Eng. Gold Equivalent ("AuEq") is based on assumed metal prices and payable metal recoveries of 97% for Au, 85% for Ag, 85% Cu, 72% Pb and 92% Zn from metallurgical testwork completed in 2022. Ian Cunningham-Dunlop, P.Eng., Senior VP Exploration for HighGold Mining Inc. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
New Risk • Jul 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$14m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$14m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$52.6m market cap, or US$39.6m).
お知らせ • Jun 30HighGold Mining Inc. Announces Start of 8,000 Meter Drill Program and Outlines Advanced Exploration Plans At Johnson Tract Project, AlaskaHighGold Mining Inc. announced the start of the 2023 exploration program at the Johnson Tract polymetallic Gold Project in Southcentral Alaska, USA. The Project hosts the high-grade JT Deposit with a 1.05 Moz indicated resource at 9.39 g/t gold equivalent. The 2023 Program plans for an 8,000 meter, two rig drill program in addition to engineering, hydrogeology and environmental studies to support permitting an underground exploration ramp as part of a multi-year 'advanced exploration' plan. Crews are now on site at the Project with drilling to commence imminently. The objective of the 2023 drill program is to expand the known zones of mineralization at the Ellis Zone and JT Deposit and to test new high-potential target areas. Key drill targets include: Ellis Zone expansion - Follow-up expansion drilling on 50 to 100-meter centers on the high- grade Au-Ag-Zn-Pb (+Cu) structurally controlled vein and breccia zone. The Ellis Zone shows similarities to the JT Deposit and remains open in multiple directions. East Difficult Creek (Ellis Zone Regional) - A new interpretation suggests that the mineralized system hosting the Ellis Zone is large and continues north and east under cover, and across syn- mineralization faults. Drilling will test offset and geophysical targets under overburden cover towards the East Difficult Creek prospect. JT Deposit - A significant east-west cross-fault has been identified south of the JT Deposit as the result of drilling and interpretative work completed in 2022. Drilling will test the continuation of the known mineralization to the south across this fault. South Valley Target (JT Deposit South) - A blind target under overburden cover located 1 km (1/2 mile) along strike to the south of the JT Deposit. Drilling will test a geophysical anomaly that shares a similar signature to the JT Deposit. Anhydrite alteration, a key alteration type surrounding the JT Deposit, borders the South Valley target. In addition to drilling, the 2023 exploration program will include geological mapping, prospecting, and soil & rock sampling programs to follow-up and expand on the positive results generated from the 2022 program and refine new drill targets. A multi-year advanced exploration plan has been developed for the Johnson Tract project designed to de-risk the JT Project and support future engineering, environmental and economic studies that evaluate the potential for a small footprint, high-grade underground mine. A key component of this plan is to establish an exploration ramp for year-round drilling from underground. The exploration ramp will provide lateral underground access from a proposed portal site located at the base of the mountain to an area immediately adjacent the lowermost portions of the currently defined JT Deposit. The ramp will parallel the trend of mineralization and provide an ideal platform for drilling to both grow the resource and to conduct cost-effective tightly spaced definition drilling of the deepest and highest-grade portions of the JT Deposit. The exploration ramp and all related surface infrastructure including airstrip, camp and 2.6- mile (4 km) access road are located on private lands owned by Cook Inlet Region Inc., an Alaska Native regional corporation. Key elements of the advanced exploration plan to be completed in 2023: Road and Expanded Airstrip Permitting - An application for a Section 404 permit was submitted in May to the US Army Corps of Engineers to lengthen and realign the existing airstrip and constructing of approximately 2.6 miles (4 km) of access road connecting the airstrip and Johnson Tract camp to the proposed exploration portal site. The permitting process for the road and airstrip is anticipated to take eight to 12 months to complete with the objective of having approvals in hand in advance of the 2024 field season. Geotechnical Drilling for Surface Infrastructure - A shallow geotechnical drill hole program will be completed with a track-mounted rotary drill rig to support final construction design for the road and airstrip, including evaluation of local material sites. Geotechnical and Hydrogeological Drilling for Exploration Ramp - A program of targeted geotechnical and hydrogeological core drilling (up to 1,500m of drilling) will be completed in support of permitting and design of an underground exploration ramp. Environmental and Cultural Surveys - Various surveys will be completed to support planning and permitting efforts related to the underground exploration ramp and related infrastructure, with a plan to initiate permitting of the exploration ramp early 2024 to have in hand for 2025. Beyond the above-described Section 404 permit that is currently underway, all other permits and authorizations required for the exploration ramp and related infrastructure will be issued under State of Alaska authority. Engineering Studies - Includes preliminary studies related to project infrastructure and evaluation of potential development scenarios.
Board Change • Jun 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Ann Labelle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.