Novo19 Capital Corp. Announces Signing of Definitive Agreement with Nobel Resources Corp.
Novo19 Capital Corp. (
Novo19 ), an unlisted reporting issuer in British Columbia and Alberta, is pleased to announce it has entered an amalgamation agreement dated January 12, 2021 (the
Definitive Agreement ) with Nobel Resources Corp. (
Nobel ), a private resource company incorporated under the laws of the Province of Ontario.
Pursuant to the Definitive Agreement, Novo19 and Nobel have agreed to complete a three-cornered amalgamation (the
Amalgamation ) pursuant to which Novo19 intends to acquire all of the issued and outstanding common shares of Nobel (
Nobel Shares ) in exchange for the issuance of common shares of Novo19 (
PRELIMINARY Q4 2020 SALES
Osisko received approximately 18,800 attributable gold equivalent ounces1 (?GEOs?) in the fourth quarter of 2020, for a total of approximately 66,100 GEOs in 2020, exceeding the revised guidance of 63,500 ? 65,500 GEOs. These figures exclude 1,750 GEOs earned from the Renard diamond stream in the fourth quarter of 2020 from diamonds sold from inventories by the operator. The net proceeds from the Renard diamond stream were reinvested through the bridge loan with the operator of the mine.
Osisko recorded preliminary revenues2 of C$64.5 million during the fourth quarter. Preliminary cost of sales2, excluding depletion2, was C$18.2 million resulting in a cash operating margin3 of approximately C$46.3 million. These figures include preliminary revenues2 from the Renard diamond stream of C$4.3?million, costs of sales, excluding depletion2, of C$1.9 million resulting in an operating cash margin of C$2.4 million.
December 30, 2020 at 09:41 AM EST These Gold Stocks Are Pulling Ahead Before The New Year The price of many gold stocks has skyrocketed in 2020. The pandemic and economy caused the yellow metal to reach new record highs never seen before. Supply, demand, and things that affect the economy are the most prominent things that will change the price of gold stocks. One other thing that has affected the price of gold recently are jobless reports. The US Labor Department recently released new jobless reports that were better than expected. While other news got in the way of this having a large impact, usually this is something that affects the price of mining stocks . So what is that news affecting gold stocks you may ask? Well, President Trump stated that the $900 trillion stimulus bill that was passed through Congress had an issue. The issue is that the stimulus check amount is at $600 while Trump wants it to be more at $2000. This caused the price of gold to go up on the day of Decem
Gold Miners Look to A Fruitful Year After a Tumultuous 2020
FinancialBuzz.com News Commentary
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NEW YORK, Dec. 29, 2020 /PRNewswire/ Gold prices increased about 1% on Monday after the new USD 2.3 Trillion bill that contains USD 900 Billion in pandemic relief aid and USD 1.4 Trillion in government spending to fund federal agencies was signed by the President. The bill removes immediate uncertainty with distribution of checks and loans to individuals and small businesses, as well as funds to assist the vaccine rollout. The demand for gold is a reaction to the additional economic stimuluses for business and individuals. Such measures also impact the price of precious metals. According to a report by FX Empire, on Monday, gold tested the upper level of its main retracement zone at USD 1870.30 to USD 1894.60. Clarity Gold Corp. (CSE: CLAR), NovaGold Resources Inc. (NYSE: NG), Yamana Gold Inc. (NYSE: AUY) (TSX: YRI), Alamos Gold Inc. (NYSE: AGI),
December 27, 2020 at 13:02 PM EST Top Gold Stocks To Buy Or Sell Many gold stocks have experienced a rally like no other in 2020. The pandemic and crashing economy caused the price of gold to rise exponentially. At one point, the price of gold reached above $2000 per ounce, which was a new record high for the yellow metal. Even in times where the economy was bad, gold never reached up this high. Now gold stays in the $1800 realm as certain things are holding it back from performing better. Vaccine distribution all over the world at the moment is bringing the price of gold down. Another thing impacting prices is the stimulus bill that was just passed. The stimulus bill will give Americans less money than some expected so gold prices fell. But this could bring them back up once money starts being issued. Gold went from $1,880 an ounce to $1,865 an ounce as of December 22nd. In regards to the vaccine, nobody knows if it will be effective yet. Many people are choosing to not take it