upcoming mining journal research

Add new layer of intelligence to your investment decisions Publication of the Mining Journal World Risk Report (feat.MineHutte ratings) is the culmination...

EYEBROW

29 September 2017
Test edition
Test edition

Summary of this Test edition

EYEBROW

26 September 2017

upcoming mining journal jobs

Orocobre looks for even bigger Olaroz expansion

Lithium miner looks to more than double capacity at Argentina operation

Anglo Asian hits 2017 goals

Achievement comes despite optimisation initiatives limiting production

Torex Gold aims for ELG restart

Mexico mine slowly coming back online as illegal blockade continues

Avanco acquires Vale's Pantera

Acquisition expected to cost US$20-35 million

upcoming mining journal events

SEG 2017 Conference, Ore Deposits of Asia: China and Beyond

Detailed Event Info: The Organizing Committee is pleased to invite you to the SEG 2017 Conference, Ore Deposits of Asia:...

Finance > Capital-markets

Beaty buys more of Equinox Gold

Ross Beaty has shown how confident he is in Equinox Gold’s (CN:EQX) mid-tier production ambitions by upping his stake in the company to almost 10%.

Staff reporter

Finance > Capital-markets

Beaty buys more of Equinox Gold

Ross Beaty has shown how confident he is in Equinox Gold’s (CN:EQX) mid-tier production ambitions by upping his stake in the company to almost 10%.

Staff reporter

Beaty buys more of Equinox Gold

Ross Beaty now owns close to 10% of Equinox Gold

In an US$18.2 million deal that will see the Equinox chairman acquire shares and convertible debt from Sandstorm Gold (CN:SSL), Beaty has ended up with 41.4 million shares, or 9.8%, of the company.

Equinox was formed following a three-for-one deal that saw Trek Mining, Newcastle Gold and Anfield Gold combine. The new entity has two advanced-stage gold projects (Aurizona in Brazil and Castle Mountain in California) and combined resources of more than 8 million ounces of gold.

It plans to pour first gold from the 136,000 ounce per annum Aurizona project by the end of the year, following a recent $85 million funding pact with Sprott Private Resources.

It will then turn its attention to reviving the former-operating Castle Mountain gold mine, which could end up producing more than 300,000ozpa as part of a two-phase development.

The acquisition, which was planned as part of the three-for-one merger, will see Sandstorm left with 24 million shares and warrants that could be converted into 9.1 million shares. This would give it 7.7% of Equinox on a partially-diluted basis.

 

topics

loader
feature_image