|Bid||5.44 x 0|
|Ask||5.45 x 0|
|Day's Range||5.43 - 5.45|
|52 Week Range||1.76 - 5.46|
|Beta (5Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar. 26, 2020 - Mar. 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.39|
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Continental Shareholders Vote FOR the Zijin Transaction
TORONTO, Jan. 2, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has filed its management information circular and related voting materials (the "Meeting Materials") for the special meeting (the "Meeting") of Continental shareholders ("Shareholders") to be held in connection with the proposed plan of arrangement (the "Arrangement") with 2727957 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Zijin Mining Group Co., Ltd. ("Zijin"), as previously announced on December 2, 2019. At the Meeting being held on Tuesday, January 28, 2020 at 9:30 a.m. (Toronto time), at the offices of Cassels Brock & Blackwell LLP, 2100 Scotia Plaza, 40 King Street West, Toronto, Ontario, M5H 3C2, Shareholders will be asked to consider and vote upon a resolution (the "Arrangement Resolution") to approve the Arrangement.
TORONTO , Dec. 13, 2019 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has closed its previously-announced US$50 million convertible debenture financing (the "Financing") with an affiliate of Zijin Mining Group Co., Ltd. ("Zijin"). The Financing was previously announced on December 2, 2019 as part of the pending arrangement between Continental and Zijin. The debenture issued in connection with the Financing has a term of five years at a 5% interest rate, payable semi-annually in arrears.
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,897.34, up 5.16 points.)Lundin Mining Corp. (TSX:LUN). Basic Materials. Up 30 cents, or 4.27 per cent, to $7.32 on 13.01 million shares.Encana Corp. Energy. (TSX:ECA). Up 24 cents, or 4.69 per cent, to $5.36 on 9.3 million shares.Canadian Natural Resources Ltd. (TSX:CNQ) Energy. Up $1.19, or 3.29 per cent, to $37.40 on 7.43 million shares.Continental Gold Inc. (TSX:CNL). Mining. Up three cents, or 0.56 per cent, to $5.36 on 5.52 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up nine cents, or 6.62 per cent, to $1.45 on 4.86 million shares.Royal Bank of Canada. (TSXL:RY). Financial Services. Down $2.23, or 2.08 per cent, to $104.95 on 4.73 million shares.\---Companies in the news:Dollarama Inc. (TSX:DOL). Consumer Defensive. Down $4.34, or about 8.85 per cent, to $44.70 on 2.37 million shares. Dollarama Inc. reported a third-quarter profit of $138.6 million or 44 cents per diluted share, up from $132.1 million or 40 cents per diluted share in the same quarter last year, helped by a boost in sales. Sales for the quarter totalled $947.6 million, up from $864.3 million, and same-store sales, a key retail metric, grew 5.3 per cent.Canadian Natural Resources Ltd. (TSX:CNQ) Energy. Up $1.19, or 3.29 per cent, to $37.40 on 7.43 million shares. Canadian Natural Resources Ltd. said it will spend $250 million more in 2020 than it did last year to drill conventional oil wells in Alberta, which will allow it to add three rigs to drill at about 60 locations. The company linked the decision to the provincial government's recent move to exempt certain new conventional wells from the oil curtailment program it enacted last January and the province's corporate tax cuts announced last spring.Royal Bank of Canada. (TSXL:RY). Financial Services. Down $2.23, or 2.08 per cent, to $104.95 on 4.73 million shares. Royal Bank of Canada says it expects to face a challenging environment in the coming year amid interest rate uncertainty. The bank says it believes it's well prepared to gain market share. The comments came as the bank announced a slightly lower fourth-quarter profit compared with a year ago due in part to declines at its capital markets and insurance units, as well as increased provisions for credit losses in banking, wealth management and capital markets.Laurentian Bank of Canada. (TSX:LB). Financial Services. Down $1.33, or about 2.91 per cent, to $44.45 on roughly 471,000 shares. Laurentian Bank of Canada raised its quarterly dividend by a penny to 67 cents per share as it reported a fourth-quarter profit or $41.3 million or 90 cents per diluted share. That's down from a profit of $50.8 million or $1.13 per diluted share in the same quarter last year.This report by The Canadian Press was first published Dec. 4, 2019.The Canadian PressNote to readers: CORRECTS TSX numbers
TORONTO — A Chinese mining company has signed a friendly deal to buy Continental Gold Inc. for $1.4 billion.Zijin Mining Group Co. Ltd. has agreed to pay $5.50 per share in cash for the Toronto-based company which is developing the Buritica gold project in Colombia.Continental shares closed at $4.87 on the Toronto Stock Exchange on Friday.The Buritica project is expected to produce approximately 250,000 ounces of gold per year on average over a 14-year mine life.The agreement is subject to the approval of at least a two-thirds majority vote by shareholders and simple majority of the votes cast by disinterested shareholders at a special meeting of Continental shareholders.Newmont Goldcorp Corp. and directors and officers of Continental, who collectively hold about a 21.5 per cent stake in Continental, have agreed to back the deal."In the span of a decade, Continental has transformed the Buritica project from a grassroots discovery into one of the world's largest and highest-grade gold projects," Continental chief executive Ari Sussman said in a statement."With production on the horizon in 2020, the timing is right for Continental to sell to a more experienced mine operator and therefore Continental's board of directors recommends that shareholders vote in favour of the transaction."This report by The Canadian Press was first published Dec. 2, 2019.Companies in this story: (TSX:CNL) The Canadian Press
BEIJING/TORONTO (Reuters) - China's Zijin Mining Group Co Ltd has agreed to buy Canadian miner Continental Gold Inc for C$1.3 billion (£779.42 million), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal. State-backed Zijin's offer for Continental, announced on Monday, aims to secure Continental Gold's flagship Buritica gold project in Colombia. "Zijin doesn't have any experience in Colombia, and we have obviously had some incidents in the past," Continental Chief Financial Officer Paul Begin told Reuters.
TORONTO and FUJIAN, China, Dec. 2, 2019 /CNW/ - Zijin Mining Group Co., Ltd. ("Zijin") (SSE:601899; SEHK:2899) and Continental Gold Inc. ("Continental") (TSX:CNL; OTCQX:CGOOF) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement"), pursuant to which Zijin has agreed to acquire all of the outstanding shares of Continental (the "Transaction") at a price of C$5.50 per share (the "Offer Price") in cash and all outstanding securities convertible into such common shares will also be acquired on the same basis. The total equity value pursuant to the Transaction is approximately C$1.4 billion on a fully diluted basis. The Offer Price represents a premium of 29% over Continental's 20-day volume-weighted average price ("VWAP") as at November 29, 2019 on the Toronto Stock Exchange ("TSX").
TORONTO , Nov. 19, 2019 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to provide a project update for its Buriticá project in northwestern Antioquia, Colombia . Mill facilities construction was 88 percent completed as of October 31, 2019 . Acceleration of underground development continues; Continental's mine crews achieved over 1.5 kilometres of lateral development in October, the highest monthly advance to-date.
TORONTO, Nov. 14, 2019 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to report the following highlights for the three months ended September 30, 2019. Development activities at the Buriticá Project remain on budget and on schedule for mechanical completion in Q1 2020. Total lateral development metres to date was approximately 18,200 metres; advance continued to increase and exceeded 1,300 metres per month in August and September.
TORONTO , Nov. 13, 2019 /CNW/ - Continental Gold Inc. (TSX: CNL; OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce that it has been granted a key exploration license ...
If you own shares in Continental Gold Inc. (TSE:CNL) then it's worth thinking about how it contributes to the...
OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce high-grade channel sampling assay results from six development drifts being prepared as part of the underground construction at its 100%-owned Buriticá project in Antioquia, Colombia. Supporting information for results discussed in this release can be found in Figures 1-4 and all sampling widths reported herein are horizontal metres. New channel sampling results from underground development drifts being evaluated for stope design in the Yaraguá system have returned high grades of gold and silver over significant strike lengths.