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Midas Gold Corp. (MAX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1.1700-0.0200 (-1.68%)
At close: 4:00PM EST
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Previous Close1.1900
Open1.1800
Bid1.1700 x 0
Ask1.1900 x 0
Day's Range1.1400 - 1.1800
52 Week Range0.2400 - 2.0400
Volume188,542
Avg. Volume399,060
Market Cap555.413M
Beta (5Y Monthly)1.60
PE Ratio (TTM)N/A
EPS (TTM)-0.7810
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.51
  • U.S. move, board replacements, urged for Vancouver junior miner Midas Gold Corp.
    The Canadian Press

    U.S. move, board replacements, urged for Vancouver junior miner Midas Gold Corp.

    Vancouver-based Midas Gold Corp. is advising shareholders take no action as it reviews a request by its largest investor to hold a special meeting to consider redomiciling to the United States from Canada and replacing all five of the independent directors on its eight-person board.Paulson & Co. Inc., holder of 44.1 per cent of Midas's shares, said in a news release and letter to employees it wants the changes made to demonstrate the company’s "long-term commitment to Idaho," where it has proposed building the US$1-billion Stibnite Gold Project.Paulson says the move to an Idaho head office would streamline the corporate structure and "elevate and empower" the Idaho-based team, adding the board should be refreshed with more U.S. and Idaho-based directors with skills that better align with the future direction of the company.In late October, Midas announced it was entering the final phases of review of the project under the U.S. National Environmental Policy Act after the end of the comment period on the draft environmental impact statement.It said the final environmental impact statement is expected to be finalized in the second quarter of next year and a final U.S. Forest Service decision on the project late in the third quarter.The project would create about 500 jobs if it proceeds, Midas said. It is expected to produce gold and silver and would be the only mined source in the U.S. of antimony, designated by the United States as a critical mineral for its uses in national defence, aerospace and technology industries."If elected, the new board will have more U.S.-based directors, specifically Idaho-based directors, and greater diversity of thought and experience, better equipping the board to help the company achieve its long-term goals," said Paulson partner Marcelo Kim, currently the chairman of Midas, in a news release."And, in stark contrast to current directors, the new board expects to hold substantial amounts of stock in the company, creating economic alignment with Midas Gold’s shareholders.”This report by The Canadian Press was first published Nov. 20, 2020.Companies in this story: (TSX:MAX)The Canadian Press

  • The Canadian Press

    Most actively traded companies on the Toronto Stock Exchange

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (17,019.10, up 109.29 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Up 4.5 cents, or 13.24 per cent, to 38.5 cents on 29.4 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 25 cents, or 1.15 per cent, to $21.50 on 22.4 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up three cents, or 0.15 per cent, to $20.17 on 8.7 million shares.  Enbridge Inc. (TSX:ENB). Energy. Up 24 cents, or 0.63 per cent, to $38.31 on 8.1 million shares.  Sun Life Financial Inc. (TSX:SLF). Financials. Up 63 cents, or 1.07 per cent, to $59.50 on 7.9 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up 12 cents, or 1.99 per cent, to $6.16 on 5.8 million shares.Companies in the news:  Indigo Books & Music Inc. (TSX:IDG). Down three cents or 1.3 per cent to $2.19. Two of the Canadian literary industry's biggest brands are calling on the Ontario government to designate bookstores as essential services — even as COVID-19 cases continue to surge. Retailer Indigo Books & Music Inc. and publisher Penguin Random House Canada both say bookstores should be allowed to remain open as COVID-19 restrictions are tightened because they provide resources that educate and contribute positively to communities coping with the pandemic. The joint call to designate bookstores as essential comes as new daily COVID-19 cases have been hovering well above the 1,000 mark in Ontario for weeks and the province has been warning of further restrictions to come.Midas Gold Corp. (TSX:MAX). Up seven cents or 6.2 per cent to $1.20. A New York-based fund manager holding 44.1 per cent of the shares of Vancouver-based Midas Gold Corp. says the junior miner should be redomiciled from Canada to the United States and all five of the independent directors on its eight-person board be replaced. Paulson & Co. Inc. says in a news release and letter to employees it has requested a special meeting of shareholders to make the changes which it says will demonstrate the company’s "long-term commitment to Idaho," where it has proposed building the US$1-billion Stibnite Gold Project. It says the move to an Idaho head office would streamline the corporate structure and "elevate and empower" the Idaho-based team, adding the board should be refreshed with more U.S. and Idaho-based directors with skills that better align with the future direction of the company.Cineplex Inc. (TSX:CGX). Down 18 cents or two per cent to $8.94. Cineplex Inc. has struck an agreement with Hollywood film studio Universal to shorten the exclusive theatrical release window for its movies to as little as 17 days. The multi-year deal means Canada's largest film exhibitor has guaranteed theatrical exclusivity for three weekends on films released by Universal Pictures before the studio can choose to make them available at home on digital rental platforms. The decision comes as cinemas face intense pressure from film studios to agree to looser restrictions on how long movies play in theatres. The factor has only been compounded by a steep decline in moviegoers in the midst of the COVID-19 pandemic. Under the terms of the Universal agreement, films that pass US$50 million at the North American box office on opening weekend will play exclusively for 31 days, or five weekends, before Universal can choose to send them to premium on-demand, which prices rentals at $19.99 or higher. But movies that don't meet that threshold could play Cineplex theatres for a much shorter period.Boralex Inc. (TSX:BLX). Up $1.25 or 3.3 per cent to $39.22. Boralex Inc. says it has signed a deal to buy the 49 per cent stake in three Quebec wind farms it does not already own from the Caisse de depot et placement du Quebec. The company will pay $121.5 million in cash plus up to an additional $4 million subject to certain conditions that need to be met.  The wind farms are located in the Avignon RCM in Gaspesie and the Appalaches RCM in eastern Quebec. They have long-term power purchase agreements with Hydro-Quebec Distribution, expiring between 2032 and 2033. CDPQ's stake represents 145 MW net installed capacity and the three wind farms represent a total capacity of 296 MW. The deal is expected to close at the end of November, subject to standard closing conditions.This report by The Canadian Press was first published Nov. 20, 2020.The Canadian Press

  • CNW Group

    Midas Gold Receives Shareholder Meeting Requisition

    VANCOUVER, BC, Nov. 20, 2020 /CNW/ - Midas Gold Corp.