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Lumina Gold Corp. (LUM.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.79000.0000 (0.00%)
At close: 3:59PM EDT
Full screen
Previous Close0.7900
Open0.8000
Bid0.7800 x 0
Ask0.8000 x 0
Day's Range0.7900 - 0.8100
52 Week Range0.4600 - 1.1900
Volume108,306
Avg. Volume258,030
Market Cap261.774M
Beta (5Y Monthly)1.15
PE Ratio (TTM)N/A
EPS (TTM)-0.0380
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.70
  • GlobeNewswire

    Lumina Gold Announces Results of Shareholder Meeting

    VANCOUVER, British Columbia, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (“Lumina” or the “Company”) announces the results of its annual general and special meeting of shareholders held on September 10, 2020 in Vancouver (the “Meeting”). Lumina’s shareholders voted in favour of each of the matters considered at the Meeting, including electing each of Marshall Koval, Lyle Braaten, Donald Shumka, Michael Steinmann, Stephen Stow and Heye Daun as directors of the Company to hold office for the ensuing year, appointing auditors for the ensuing year and authorizing the board of directors to set their remuneration, and approving Lumina’s 10% Rolling Stock Option Plan. About Lumina Gold Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.Further details are available on the Company’s website at https://luminagold.com/.LUMINA GOLD CORP.   For further information contact: Signed: “Marshall Koval”Scott Hicks  shicks@luminagold.com Marshall Koval, President & CEO, DirectorT: +1 604 646 1890    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

  • GlobeNewswire

    Lion One Announces Upsize to Previously Announced “Bought Deal” Private Placement of Units to C$35 Million

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES NORTH VANCOUVER, British Columbia, July 27, 2020 (GLOBE NEWSWIRE) -- Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce that it has amended the terms of its previously announced bought deal private placement financing to increase the size of the offering to C$35 million (the “Upsized Offering”).Under the terms of the Upsized Offering, a syndicate of underwriters co-led by Haywood Securities Inc. and Echelon Wealth Partners Inc. and including Cormark Securities Inc., Eight Capital, and Laurentian Bank Securities Inc. (collectively, the "Underwriters"), have agreed to purchase, on a "bought deal" private placement basis, 20,590,000 units of the Company (the "Units") at a price of C$1.70 per Unit (the “Issue Price”), for total gross proceeds of C$35,003,000. Each Unit will consist of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$2.35 for a period of 12 months from the closing date of the Offering.             The Company has granted the Underwriters an option to purchase up to an additional 20% of the Upsized Offering in Units (the "Underwriters’ Option"), exercisable in whole or in part at any time up to 48 hours prior to the closing date.The net proceeds from the sale of the Units will be used for exploration and development of the Company’s Tuvatu Gold Project, as well as working capital and general corporate purposes.The Upsized Offering is expected to close on or about August 11, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Units to be issued under the Upsized Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Upsized Offering.In connection with the Upsized Offering, the Underwriters will receive a cash commission of 6.0% of the gross proceeds of the Upsized Offering and that number of non-transferable compensation options (the “Compensation Options”) as is equal to 6.0% of the aggregate number of Units sold under the Upsized Offering. Each Compensation Option is exercisable into one Common Share of the Company at the Issue Price for a period of 12 months from the closing date of the Upsized Offering.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.About Lion One Metals LimitedLion One’s flagship asset is 100% owned high grade Tuvatu Gold Project, located in Navilawa Caldera, a 5 mile diameter alkaline gold system in Fiji. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries.  As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.For further information Contact Investor Relations Toll Free (North America) Tel: 1-855-805-1250 Email: info@liononemetals.com  Website: www.liononemetals.comNeither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.This press release may contain statements that may be deemed to be "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited's current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

  • GlobeNewswire

    Lumina Gold Announces Filing of NI 43-101 PEA Technical Report

    VANCOUVER, British Columbia, July 27, 2020 (GLOBE NEWSWIRE) -- Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce that the Company has filed on SEDAR an independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) supporting the results of a Preliminary Economic Assessment (“PEA”) for the development of its Cangrejos gold-copper project located in southwest, Ecuador (the “Project”). The results of the PEA were previously reported in the Company’s news release dated June 9, 2020 and there are no material differences in the Report from those results. The effective date of the Report is June 8, 2020.Preliminary Economic Assessment Highlights * Life of mine (“LOM”) average annual payable production of 366 thousand ounces gold * LOM average annual payable by-product production of 46 Mlbs copper * 25 year mine life * 40 ktpd processing operation from years 1-5, with an expansion to 80 ktpd in year 6 * After-tax NPV (5%) and IRR of $1.6 billion and 16.2% using $1,400 per ounce gold * After-tax NPV (5%) and IRR of $2.5 billion and 21.7% using $1,680 per ounce gold * Average cash operating costs of $545/oz and all-in sustaining costs of $604/oz, net of by-product credits * LOM processed grades of 0.56 grams per tonne gold and 0.10% copper * LOM revenue mix of 78.9% gold, 19.4% copper and 1.7% molybdenum plus silver * Initial capital costs including working capital and refundable Value Added Tax, of $1,000 million * Expansion capital to double throughput including working capital of $454 millionThe PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the PEA will be realized.The full Report dated July 24, 2020 and entitled “Cangrejos Gold-Copper Project El Oro Province, Ecuador - NI 43-101 Technical Report Preliminary Economic Assessment” can be found on the Company’s website at https://luminagold.com/projects/cangrejos-project/technical-reports and on SEDAR under the Company’s issuer profile at www.sedar.com.Qualified PersonsLeo Hathaway, P.Geo, Senior Vice President and the Qualified Person as defined by NI 43-101 for the Cangrejos Project has reviewed, verified and approved the contents of this news release as they relate to the ongoing exploration and development program at the Cangrejos Project.About Lumina Gold Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.Further details are available on the Company’s website at https://luminagold.com/.To receive future news releases please sign up at https://luminagold.com/contact.LUMINA GOLD CORP.   For further information contact: Signed: “Marshall Koval”Scott Hicks  shicks@luminagold.com Marshall Koval, President & CEO, DirectorT: +1 604 646 1890 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking InformationCertain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the mined and processed material estimates for the Project; the internal rate of return of the Project; the annual production of the Project; the net present value of the Project; the life of mine of the Project and the capital costs, operating costs and other costs and payments estimated for the Project and the proposed infrastructure for the Project (including how, when, where and by whom such infrastructure will be constructed or developed). Often, but not always, forward-looking statements or information can be identified by the use of words such as “will” or “projected” or variations of those words or statements that certain actions, events or results “will”, “could”, “are proposed to”, “are planned to”, “are expected to” or “are anticipated to” be taken, occur or be achieved.With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.