View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 배당 및 자사주 매입배당 기준 점검 0/6HighGold Mining 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률-20.3%자사주 매입 수익률총 주주 수익률-20.3%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updates공지 • 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.공지 • 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.공지 • 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.공지 • 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.공지 • 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).공지 • 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.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 HIGH 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: HIGH 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장HighGold Mining 배당 수익률 vs 시장HIGH의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (HIGH)n/a시장 하위 25% (CA)1.6%시장 상위 25% (CA)5.4%업계 평균 (Metals and Mining)1.3%분석가 예측 (HIGH) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 HIGH 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 HIGH 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 HIGH 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: HIGH 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCA 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/07/15 18:17종가2024/07/12 00:00수익2024/03/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스HighGold Mining Inc.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Stephen SoockStifel Canada
공지 • 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.
공지 • 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.
공지 • 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.
공지 • 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.
공지 • 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).
공지 • 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.