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Provenance Gold Corporation (QB)

Provenance Gold Corporation (QB) (PVGDF)

0.18295
-0.00925
(-4.81%)
Closed November 09 4:00PM

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trash1 trash1 1 day ago
expect much higher .90 to start will results hit, au futures need to hold 2680 close today then sunday night explode higher
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Omar8 Omar8 2 days ago
Still looking for .65 ?



Or expecting to move higher than that ?
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trash1 trash1 2 days ago
going much higher
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Rocketred Rocketred 4 days ago
Well we already know holes 7 and 11 are 114 metres of over 3grams per ton from surface and were only drilled to 114 metres


Hole 1 this year is 347 metres deep

347 metres at what grade ?

200 metres 3 grams ? 4 grams ? 5 grams ? Etc Etc

300 metes 3 grams? 4 grams ? % grams ? Etc etc

Won't be that long till assays then we find out
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Omar8 Omar8 4 days ago
Rocketed,





Sounds interesting, not sure what kind of system it might be, and how much more investigating it will need to see what it all means. But waiting on assay and some kind of update on things soon hopefully....



"Holes 1 to 2 & 3 are roughly 250 metres apart on surface and at depth are drilled away from each other so maybe 350 at depth

Holes 2 and 3 are located by hole 4 in which ended in 4.65 grams per ton


They do think the system at depth is connected = holes 1 2 and 3 are connected at depth
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Rocketred Rocketred 4 days ago
Holes 1 to 2 & 3 are roughly 250 metres apart on surface and at depth are drilled away from each other so maybe 350 at depth

Holes 2 and 3 are located by hole 4 in which ended in 4.65 grams per ton


They do think the system at depth is connected = holes 1 2 and 3 are connected at depth
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Omar8 Omar8 5 days ago
Rocketred,



"PAU HOLE 1 will it be grades like Aurelian Resources ?


I'm hoping not just Hole 1 is, but those other recent one are as well. I believe I heard the CEO say in a video or two they have proven the historical 2 million average but are waiting to do the 43-101 because they don't want people thinking locked in on 2 million so my thinking is they think its more, maybe multiples( 2X/3X) of that ?

I don't know how many holes they have to drill to back up an estimate they have but if it's total estimate is more than 2 million ounces this will get exciting at some point.
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Rocketred Rocketred 5 days ago
PAU HOLE 1 will it be grades like Aurelian Resources ?

Aurelian cuts 4.14 g/t Au over 237.25 m at Condor

Aurelian drills 204.8 m averaging 8.4 g/t Au at FDN

Aurelian Resources drills 189 m of 24 g/t Au at Condor

Aurelian finds 255 m with 12.55 g/t Au at Condor

Aurelian drills 195.69 m of 5.97 g/t Au at Condor

Aurelian drills 215.9 m 10.12 g/t Au and 11.1 g/t Ag

Aurelian drills 260.45 m of 6.59 g/t Au at Condor

Aurelian drills 250 m of 35.18 g/t Au, 27.1 g/t Ag


https://ceo.ca/pau?f561d5773ef6
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Rocketred Rocketred 5 days ago
LUG took over FDN deposit look at there market cap today = ARU should of been a 100 dollar bill per share
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Omar8 Omar8 6 days ago
Rocketed,




Not saying Provenance Gold has that much gold as Aurelian Resources had but the price of gold is 3X higher now than 2008.....so 13.7/3 is about 4-5 million ounces so maybe down the road if proven Provenance has significant higher than that 2 million historical average this could be valuable to someone to fork over some serious money one day , who knows ?



https://www.cbc.ca/news/business/kinross-to-acquire-aurelian-resources-in-1-2b-friendly-deal-1.761575

Kinross to acquire Aurelian Resources in $1.2B friendly deal

CBC News · Posted: Jul 24, 2008 11:01 AM EDT | Last Updated: July 24, 2008

Shares of Aurelian Resources Inc. jumped Thursday after the company announced a friendly takeover offer from Kinross Gold Corp.

Aurelian shares ended the trading day at $6.31, up $1.86. The stock had hit an intraday high of $7.50.

Earlier, the companies unveiled the all-stock deal valued at about $1.2 billion. Based on recent trading prices, the offer values Aurelian at $8.20 a share.

Each Aurelian share will be swapped for 0.317 of a Kinross common share, plus 0.1429 of a five-year warrant entitling the holder to acquire one Kinross common share at $32.

Kinross said it expects to issue approximately 47 million common shares under the deal, representing approximately eight per cent of Kinross's current outstanding common shares.

Kinross shares finished the day at $18.70, off $2.14.

Aurelian's main property is the Fruta del Norte discovery in south-eastern Ecuador. The company said in October 2007 that the property held an estimated 13.7 million ounces of contained gold and 22.4 million ounces of contained silver.

However, the situation for mining companies in Ecuador is unclear. Earlier this year, the country's government imposed a six-month moratorium on mineral exploration while it developed new mining rules.

The move prompted a sharp drop at the time in the share prices of companies involved in mining there, although they did recover some ground after the president of the South American nation tried to reassure investors that "responsible" mining would be permitted to go ahead.
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Rocketred Rocketred 7 days ago
Midas Letter a good one should bring in new buyers
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Rocketred Rocketred 7 days ago
Yes can't wait till hole 1 comes out it will be big
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Omar8 Omar8 7 days ago
Another recent video...





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Omar8 Omar8 1 week ago
Rocketed,





That was an excellent interview by those guys, I believe they will do a follow up end of this year or early next year. Sounds like a major player is looking at them ?....going forward will be interesting.
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Rocketred Rocketred 2 weeks ago
NEW INTERVIEW today PAU PVGDF if interested


big gold discovery coming in OREGON USA
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Omar8 Omar8 2 weeks ago
Video with CEO



Around the 35 minute mark....


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trash1 trash1 4 weeks ago
expect higher grade #s because water wash out, so they should be much higher.
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Omar8 Omar8 4 weeks ago
Trash,



"looking for .65 now.. au futures need 100 gain now"


Half that price(.65) would be nice. I guess next news will be from these holes with diamond drilling, I saw on another board they are into the second one, hopefully good results come from them in near future.
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trash1 trash1 4 weeks ago
looking for .65 now.. au futures need 100 gain now
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Omar8 Omar8 4 weeks ago
Audio Clip.....




Its from July 2023...

https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/Introduction-to-Provenance-Gold-e27ej7k
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Omar8 Omar8 4 weeks ago
I wonder if something similar will happen to PVGDF......












https://www.globenewswire.com/news-release/2021/12/09/2348724/0/en/Kinross-announces-acquisition-of-Great-Bear-Resources.html


Kinross announces acquisition of Great Bear Resources
Flagship Dixie project in Northern Ontario has significant potential to become a top tier, large-scale operation
December 08, 2021 20:15 ET
| Source: Kinross Gold Corporation

(This news release contains forward-looking information about expected future events and performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located at the end of this release.)

TORONTO, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” or the “Company”) is pleased to announce today that it has entered into a definitive agreement (the “Agreement”) with Great Bear Resources Ltd. (TSX-V:GBR) (“Great Bear”) to acquire all of the issued and outstanding shares of Great Bear through a plan of arrangement (the “Transaction”).

Through the Transaction, Kinross will acquire Great Bear’s flagship Dixie project located in the renowned and prolific Red Lake mining district in Ontario, Canada. The Dixie project is one of the most exciting recent gold discoveries globally and extensive drilling results have shown the characteristics of a top tier deposit.

Under the terms of the Transaction, Kinross has agreed to an upfront payment of approximately US$1.4 billion1 (C$1.8 billion), representing C$29.00 per Great Bear common share on a fully-diluted basis. The upfront payment will be payable at the election of Great Bear shareholders in cash and Kinross common shares (“Kinross shares”), subject to a pro-ration, up to aggregate maximums of 75% cash and 40% Kinross shares on a fully-diluted basis. The Agreement also includes a payment of contingent consideration in the form of contingent value rights that may be exchanged for 0.1330 of a Kinross share per Great Bear common share, providing further potential consideration of approximately US$46.0 million1 (C$58.2 million) based on the closing price for a Kinross share on the Toronto Stock Exchange (“TSX”) on December 7, 2021. The contingent consideration will be payable in connection with Kinross’ public announcement of commercial production at the Dixie project, provided that at least 8.5 million gold ounces of measured and indicated mineral resources are disclosed.

Strategic rationale for acquisition

The Dixie project has excellent potential to become a top tier deposit that could support a large, long-life mine complex and bolster Kinross’ long-term production outlook.
Kinross envisions a mine complex with an initial quality, high-grade open-pit mine, with potential upside for a longer-term, sizeable underground operation.
Dixie has significant exploration upside potential with primary zones of mineralization remaining open along strike and at depth.
Highly-prospective, with multiple avenues to unlock potential, including the LP Fault, Hinge and Limb primary zones.
Positive and exciting drilling results show consistently wide mineralized intercepts defining large continuous zones with predictable high-grade components.
Dixie is ideally located in a highly-attractive jurisdiction and is situated in the renowned Canadian Red Lake mining district in Northern Ontario.
The project is in a well-established mining camp close to infrastructure and skilled labour.
The project offers the potential for long-term tax benefits given Kinross’ large Canadian tax pools.
Power supply sources in the region are from a low-carbon energy grid, supporting the Company’s greenhouse gas (“GHG”) emissions reduction strategy.
Kinross has been actively involved in the diligence of the Dixie property since 2018 and the asset will become a centerpiece in the Company’s development portfolio.
Extensive technical reviews, including site visits, support an exceptional outlook for the project and confirms it is a scarce, high-quality asset.
J. Paul Rollinson, Kinross’ President and CEO, made the following comments in relation to the Great Bear acquisition: “The Dixie project represents an exciting opportunity to develop a potentially top tier deposit into a large, long-life mine complex. In addition to the prospect of developing a quality, high-grade open pit mine, we also believe that a significant portion of the asset’s value is its longer-term potential, which includes the view of a sizeable underground operation.

“Kinross has the strong technical expertise and experience to successfully advance the project from exploration to development and unlock considerable value for our shareholders. Our extensive due diligence reinforced the scarcity of an asset of this quality and value. The Dixie project has multiple high-potential mineralized zones which remain open along strike and at depth, and we are confident that the asset has strong untapped upside with numerous avenues for growth.

“We are pleased to achieve our goal of adding a high-quality asset in our home jurisdiction that further bolsters our global portfolio and can potentially provide long-term tax benefits. The Dixie project is ideally located in the renowned Red Lake mining district in Northern Ontario near established infrastructure and in a province with a low-carbon energy grid. We look forward to building strong relationships with the Wabauskang and Lac Seul First Nations and will work with them to ensure that the project delivers sustainable benefits to their communities and respects their way of life.”

Chris Taylor, Great Bear’s President and CEO, said: “Kinross first set foot on the Dixie property three years ago, and has closely monitored the discovery and growth of each successive gold discovery Great Bear has made. With extensive drilling now completed at Dixie, both companies have a shared vision of the clear potential for a multi-deposit mine complex consisting of a potential high-grade open-pit mine and a long-life underground mine.

“Dixie’s closest geological analog, the large Hemlo gold mine, was historically operated by three separate companies prior to its consolidation, and has produced over 20 million ounces of gold in more than 30 continuous years of operation. Great Bear shareholders will now be in a unique position to benefit from the potential of the top tier Dixie project under one company and will maintain strong exposure to the project through their Kinross shares. Dixie will be a significant asset for Kinross and the Company’s strong track record, coupled with its projected production growth profile over the coming years, offers our shareholders an attractive investment in its own right.

“As Great Bear’s track record of continuous discovery shows, the Dixie project hosts a prolific gold system that remains completely unconstrained and open to extension. In the near-term, with over 80% of the property unexplored, our shareholders will continue to have exposure to ongoing advanced project development and extensive exploration upside in the lead-up to planned production.

“Of high importance to Great Bear is Kinross’ history of strong Indigenous community relationships and industry recognition as a leader in sustainability and environmental stewardship. Our partners at the Wabauskang and Lac Seul First Nations will benefit from Kinross’ deep operational experience, excellent operational track record and headquarters in Ontario. Kinross is committed to ensuring the project provides lasting socio-economic benefits to the local area and the shared Canadian identity and residence in the same province will help facilitate close ties between the Company and the project’s local communities.”

About the Dixie project

The Dixie project is located 25 kilometres southeast of the town of Red Lake, Ontario and comprises 91 square kilometres of contiguous claims. The project is in a well-established mining camp, is close to skilled labour and a paved highway and provincial power lines run parallel to the property. The property also hosts a network of well-maintained logging roads which facilitate year-round access to the site.

The Dixie project has significant exploration upside potential, with 80% of the property unexplored. The project hosts a prolific gold system and has high-potential mineralized zones remaining open along strike and at depth, with multiple avenues to unlock potential. To date, Great Bear has completed more than 340,000 metres of drilling in 794 drill holes and has identified five high-grade gold discoveries. Great Bear’s positive and exciting drilling results show consistently wide mineralized intercepts defining large continuous zones with predictable high-grade components.

The most significant discovery to date at Dixie is the large-scale “LP Fault” zone, which is comprised of continuous wide, moderate grade mineralization along with subparallel high-grade gold lenses, forming a broad 200 to 400 metre wide envelope of stacked zones, hosted in metamorphosed felsic volcanic and sedimentary units. LP Fault zone drilling has identified gold mineralization along 10.8 kilometres of strike length down to a depth of 786 metres and remains open along strike and at depth. A subsection of the LP Fault zone measuring approximately 4.6 kilometres on strike and to a depth of 500 metres has been the focus of drilling to date at approximately 50 to 150 metre drill spacing. The LP Fault zone has similar geological features to the large Hemlo deposit, which has produced more than 20 million ounces of gold and has been operating continuously for more than 30 years.

The nearby “Hinge,” “Limb,” “Midwest” and “Arrow” gold zones are more characteristic of mineralization at mined deposits in Red Lake, and comprise high-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by metamorphosed mafic volcanic units.

See Appendix A: Figures 1 and 2 for maps of the Dixie property

Great Bear has reported that 80% of its drill holes into the LP Fault, Limb and Hinge zones contain visible gold mineralization, with gold occurring mainly as free gold that is not bound to, nor within, sulphide minerals. Initial metallurgical test work has indicated excellent recoveries at all of the mineralized zones identified which are amenable to conventional flowsheets.

See Appendix A: Figure 3 for a long section of the LP Fault zone

Kinross next steps and financing

Upon completion of the Transaction, Kinross plans to undertake a comprehensive exploration and development program at the Dixie project. The program aims to support Kinross’ vision of a large, long-life mining complex, which includes an initial quality, high-grade open-pit mine and potentially, a longer-term, sizeable underground mine. The Company’s three-pronged plan to demonstrate the project’s overall longer-term potential and value includes:

Rapidly advancing exploration activities at the LP Fault zone, including 200,000 metres of planned drilling in 2022. (See Appendix A: Figure 3 for a long section of the LP Fault zone).
In parallel, continuing exploration outside the Central area of the LP Fault zone, which remains open along strike and at depth. Kinross plans to continue to test the depth extent of the LP Fault zone to understand its potential to support a sizeable and long-life underground operation.
At the same time, Kinross expects to opportunistically explore the Red Lake-style satellite deposits, including definition drilling at the Limb, Hinge and Midwest high-grade targets, along with high-potential new discoveries. The Company also plans to maintain regional claims in good standing and elevate some areas to drill target status.
Kinross expects to finance the acquisition with existing liquidity, which at September 30, 2021, included cash and cash equivalents of US$586.1 million and a US$1.5 billion revolving credit facility. In 2022, the Company expects to enhance its total return of capital to shareholders from its current quarterly dividend and ongoing share buyback program.

Sustainability and First Nations

Upon closing of the Transaction, Kinross will continue to honour the exploration agreements signed with the Wabauskang and Lac Seul First Nations who have traditional territorial claims in the area. Kinross had a constructive first meeting with the Chiefs of both First Nations and looks forward to building positive and strong relationships with their communities through meaningful dialogue and consultation.

Kinross recognizes that respect, collaboration and consideration for First Nations is central to the Company’s license to operate in the area and will prioritize developing the project in a manner that honours Indigenous rights and brings long-term socio-economic benefits to the area. Consistent with how Kinross develops all of its projects around the world, the Company is committed to ensuring that its operations leave a lasting and positive legacy and will take a life of mine approach to the design and planning of the project to minimize environmental impacts.

The Dixie project is located in a province with a low-carbon energy grid that supports Kinross’ goal of being a net-zero GHG emissions company by 2050. Kinross will also plan to incorporate energy-efficient initiatives as it develops the long-term project, including evaluating electric and hydrogen fuel fleets. The Company expects that the GHG emission intensity per-ounce-produced profile of a potential operation at Dixie could lower Kinross’ overall global metric.

Agreement details and timing

The Transaction will be carried out by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and will require approval by 66 2/3% of the votes cast by Great Bear shareholders and 66 2/3% of the votes cast by Great Bear security holders (including holders of Great Bear options, restricted share units and deferred share units) at a special meeting expected to be held in Q1 2022 and a simple majority of the votes cast by Great Bear security holders, excluding certain persons required to be excluded in accordance with Multilateral Instrument 61-101 of the Canadian Securities Administrators.

Under the terms of the Transaction, Great Bear shareholders will receive upfront consideration of US$1,421.9 million1 (C$1,800.1 million), representing C$29.00 per Great Bear common share on a fully-diluted basis. Great Bear shareholders will be able to elect to receive the upfront consideration as either (i) C$29.00 in cash or, (ii) 3.8564 Kinross shares per Great Bear share, both subject to pro-ration. The upfront consideration will be subject to maximum aggregate cash consideration of US$1,066.2 million1 (C$1,350.1 million) (representing 75% of the upfront consideration) or maximum aggregate shares issuable of 95.8 million2 (representing 40% of the upfront consideration on a fully-diluted basis2), depending on the election of Great Bear shareholders. Great Bear shareholders who do not elect cash or Kinross shares will be deemed to have elected to receive cash, subject to pro-ration.

Great Bear shareholders will also receive one contingent value right per Great Bear common share, providing for further potential consideration equal to 0.1330 of a Kinross share per Great Bear common share which represents US$46.0 million1 (C$58.2 million) in aggregate consideration, or C$1.00 per Great Bear common share, on a partially-diluted3 basis (based upon the closing price of a Kinross share on the TSX as at December 7, 2021). The contingent consideration will be payable in connection with Kinross’ public announcement of commercial production at the Dixie project, provided that at least 8.5 million gold ounces of measured and indicated mineral resources are disclosed.

The Board of Directors of Kinross have unanimously approved the Transaction. The Board of Directors of Great Bear have unanimously approved the Transaction, with Great Bear directors recommending that Great Bear shareholders vote in favour of the Transaction.

Each of the directors and senior officers of Great Bear, and certain shareholders of Great Bear, representing in aggregate approximately 20% of the issued and outstanding Great Bear common shares, have entered into voting support agreements with Kinross and have agreed to vote in favour of the Transaction at the special meeting of security holders of Great Bear to be held to consider the Transaction.

In addition to Great Bear security holder approval, the Transaction is subject to normal course regulatory approvals and the satisfaction of customary closing conditions. Subject to the satisfaction of these conditions, Kinross expects that the Transaction will be completed in Q1 2022.

Kinross and Great Bear have provided representations and warranties customary for a transaction of this nature and Great Bear has provided customary interim period covenants regarding the operation of its business in the ordinary course. The Agreement also provides for customary deal-protection measures, including non-solicitation covenants on the part of Great Bear and a right to match in favour of Kinross. Great Bear may, under certain circumstances, terminate the Agreement in favour of an unsolicited superior proposal, subject to a termination payment by Great Bear to Kinross.

Further information regarding the transaction will be contained in an information circular that Great Bear will prepare, file and mail in due course to its shareholders in connection with the Great Bear special meeting

Details regarding these and other terms of the transaction are set out in the arrangement agreement, which will be available on SEDAR at www.sedar.com.

None of the securities to be issued pursuant to the Agreement have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issued in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Advisors

Canaccord Genuity Corp. and Trinity Advisors Corporation are acting as financial advisors to Kinross, with Osler, Hoskin & Harcourt LLP acting as legal advisor.

Conference call details

A conference call and audio webcast with Kinross and Great Bear management to discuss the transaction will be held on Thursday, December 9, 2021 at 8:00 a.m. EST, followed by a question-and-answer session. To access the call, please dial:

Canada & US toll-free – (833) 968-2237; Passcode: 8144017
Outside of Canada & US – (825) 312-2059; Passcode: 8144017

Replay (available up to 14 days after the call):

Canada & US toll-free – (800) 585-8367; Passcode: 8144017
Outside of Canada & US – (416) 621-4642; Passcode: 8144017

You may also access the conference call on a listen-only basis via webcast at our website www.kinross.com. The audio webcast will be archived on www.kinross.com.

About Kinross Gold Corporation

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Louie Diaz
Vice-President, Corporate Communications
phone: 416-369-6469
louie.diaz@kinross.com

Investor Relations Contact
Chris Lichtenheldt
Vice-President, Investor Relations
phone: 416-365-2761
chris.lichtenheldt@kinross.com


APPENDIX A

Dixie project location

Figure 1. Map of Dixie property and LP Fault zone location4.

https://www.globenewswire.com/NewsRoom/AttachmentNg/57ab1333-7048-4cad-8623-8a89eee9a8e1



Dixie project map

Figure 2. LP Fault zone, and Arrow, Limb, Midwest and Hinge zones4.

https://www.globenewswire.com/NewsRoom/AttachmentNg/1ba88b4e-761d-40f0-ac0f-a6ec58c6d6ba



LP Fault zone

Figure 3. Long section with accentuated grades. LP Fault zone has been confirmed through drill testing along 10.8 km of strike length and remains open beyond this. Drill results also indicate the presence of robust mineralization at depths below 750 metres5.

https://www.globenewswire.com/NewsRoom/AttachmentNg/ec2b04f9-0d98-4de5-86ae-9c90c2e6458a

Cautionary statement on forward-looking information

All statements, other than statements of historical fact, contained in this news release, including any information as to the future financial or operating performance of Kinross, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the “safe harbor” provisions under the United States Private Securities Litigation Reform Act of 1995 and are based on the expectations, estimates and projections of management as of the date of this news release, unless otherwise stated. Forward-looking statements contained in this presentation include, without limitation, statements with respect to the completion and timing of the acquisition of Great Bear; financing of the acquisition; the identification of mineral resources and mineral reserves at the Dixie Project; future prospects for exploration, development, operation and/or expansion of the Dixie Project, including the possibility of both open pit and underground mines; the outlook for the project and its anticipated scarcity; the potential for and anticipated timing of commencement of commercial production; the availability of anticipated tax benefits associated with the transaction; and the declaration, payment and sustainability of the Company’s dividends and share buyback program. The words “believe”, “estimate”, “expects”, “forward”, “future”, “goal” “growth”, “opportunity”, “outlook”, “plan”, “potential”, “prospect”, “upside”, or “vision” or variations of or similar such words and phrases or statements that certain actions, events or results may, could, should or will be achieved, received or taken, or will occur or result and similar such expressions identify forward-looking statements. Forward-looking statements are, necessarily, based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of Kinross contained in this news release, which may prove to be incorrect, include, but are not limited to: (i) that the parties will complete the acquisition in accordance with, and on the timeline contemplated by, the terms and conditions of the relevant agreements, on a basis consistent with our expectations; (ii) the accuracy of management’s assessment of the effects of the successful completion of the proposed transaction; (iii) the anticipated mineralization of the Dixie Project being consistent with expectations and the potential benefits to Kinross from the project and any upside from the project; (iv) the completion, timing, results and benefits of the planned exploration program being consistent with expectations; (v) the results of the exploration program or future operations being consistent with Kinross’ economic model, preliminary project estimates, and execution risk analysis; (vi) the making of a determination to proceed with the development of the Dixie Project on terms acceptable to Kinross; (vii) the successful development of the Dixie Project on the timelines anticipated, or at all; (viii) the trading price of the Kinross and Great Bear common shares and the impacts of the transaction on the Company’s share price being consistent with the Company’s expectations; (ix) the assumed spot and forward price of gold, silver, or certain other commodities (such as, diesel fuel, natural gas, and electricity); (x) Kinross’ future relationship with the Wabauskang and Lac Seul First Nations being consistent with the Company’s expectations; (xi) the anticipated financing plan for the transaction being consistent with the Company’s expectations; and (xii) the impact of price inflation on the proposed plans for the Dixie Project as well as the Company’s models and estimates. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks), permitting risks, and potential direct or indirect impacts resulting from infectious diseases or pandemics such as the ongoing COVID-19 pandemic. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, Kinross’ actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Kinross, including but not limited to resulting in an impairment charge on goodwill and/or assets. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. All of the forward-looking statements made in this news release are qualified by this cautionary statement and those made in our other filings with the securities regulators of Canada and the United States including, but not limited to, the cautionary statements made in the “Risk Analysis” section of our MD&A for the year ended December 31, 2020 and the Annual Information Form dated March 30, 2021. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Other information

Where we say "we", "us", "our", the "Company", or "Kinross" in this news release, we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable.

The technical information about the Company’s mineral properties contained in this news release has been prepared under the supervision of Mr. John Sims who is a “qualified person” within the meaning of National Instrument 43-101. Mr. Sims was an officer of Kinross until December 31, 2020. Mr. Sims remains the Company’s qualified person as an external consultant.

Source: Kinross Gold Corporation

__________________

1 Assumes foreign exchange rate of 1.27 Canadian dollars to the U.S. dollar.
2 Aggregate maximum total share consideration includes 15.0 million Kinross Options that will be exchanged for 3.9 million Great Bear Options.
3 Inclusive of 0.3 million Great Bear Restricted Stock Units and Deferred Share Units.
4 Source: Great Bear public disclosure.
5 All figures and values based on Great Bear drill data.
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Omar8 Omar8 4 weeks ago
Video



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Omar8 Omar8 4 weeks ago
Provenance Gold Closes Over-Subscribed Private Placement





October 11, 2024 – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance”) is pleased to announce that it has closed the final tranche (the “Final Tranche”) of its previously announced non-brokered private placement (the “Offering”) for gross proceeds of $1,466,500. The Company received strong interest in the Final Tranche of the Offering, and ultimately it was over-subscribed.

Upon closing of the Final Tranche, the Company issued 18,331,250 units (each, a “Unit”) at a price of $0.08 per Unit. Each Unit consists of one common share of the Company and one share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to purchase one additional share at a price of $0.12 until October 9, 2027.

In connection with closing of the Final Tranche, the Company paid $12,810 and issued 160,125 Warrants to certain arms-length brokerage firms that assisted in introducing subscribers to the Offering. The Company confirmed to the Canadian Securities Exchange there was no undisclosed material information and received confidential price protection in a filing submitted on September 20, 2024. The Company did not consider the information contained in the news release issued on September 25, 2024 to be material. The Final Tranche did not include any participation by insiders of the Company. All securities issued in connection with the Final Tranche are subject to restrictions on resale until February 10, 2025, in accordance with applicable securities laws.

“With our projects continuing to advance, our goal as a Company was to extend our reach into the investment community and in particular to align ourselves with strategic investors that share our vision for the long-term viability of our projects. We believe the strategic investors we have brought into this round will be critical to helping us achieve our vision of fast-tracking our gold exploration projects, which benefit from stable jurisdictions with established infrastructure and accessibility. We would like to thank our current shareholders for their continued support and welcome our new investors,” Rauno Perttu, Provenance’s CEO stated.

About Provenance Gold Corp.

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in eastern Oregon, and Nevada, USA.

Provenance is also active on social media and invites investors to follow us on X to stay up to date with our latest news and developments: https://x.com/ProvenanceGold

For further information please visit the Company's website at https://provenancegold.com or contact:

Rauno Perttu, CEO

?rkperttu@provenancegold.com

?1-541-930-0986

On behalf of the Board,?

Provenance Gold Corp.

?Rauno Perttu, Chief Executive Officer

Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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Omar8 Omar8 1 month ago
Question ?





Does anyone have an idea when they will verify the historical estimates ?


"While there are no guarantees in the investment world, Provenance’s gold could easily be valued at $50 - $100 per ounce in the ground after the company verifies the historical estimates. This would represent a 8X – 16X return from current levels!
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Omar8 Omar8 1 month ago
Here is an article....




https://www.gold-eagle.com/article/gold-forecast-physical-gold-no-longer-cheap-–-gold-ground

Gold In The Ground Is Still Cheap!

Yes, while gold above ground is currently trading at a not-bargain $2,670 level… there are many instances of gold in the ground trading at still-cheap levels. I’m talking $10 per ounce in the ground… $5 per ounce in the ground… and sometimes cheaper.

Take the following examples, each of which are gold companies that myself and my subscribers own shares in:

Provenance Gold Corp. (PVGDF – USA / PAU – Canada)
Provenance is an emerging gold mining company which owns the flagship Eldorado project in eastern Oregon, USA. Eldorado is unique in that it has three historical resource estimates which were produced by previous owners in the 1980’s – 1990’s. The average of the three historical estimates place Eldorado at 2.2 million ounces of gold in the ground at a grade of 0.76 g/t. Eldorado would be an open-pit mine where it is economic to mine such grades.

The market cap of Provenance today? $14 million US dollars.

This means that each ounce of gold in the ground is currently being valued at $6.30! This is an absurdly low figure when we consider that gold above ground is trading for $2,670.

What more, Provenance has just completed its first reverse-circulation drill program which confirmed many of the historical grades found on the resource estimates. Two of the most spectacular holes were 118.8 m of 3.27 g/t gold and 114.3 m of 3.08 g/t gold.

Finally, Provenance has just discovered visible gold in a new drilling program below the previous estimates. This means that the deposit may be much larger than the historical estimates. The sky may be the limit here on Eldorado.

While there are no guarantees in the investment world, Provenance’s gold could easily be valued at $50 - $100 per ounce in the ground after the company verifies the historical estimates. This would represent a 8X – 16X return from current levels!

At $6.30 per ounce in the ground, this is cheap gold. As a contrarian, this is the type of investment that interests me, not the $2,670 gold above ground.
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Omar8 Omar8 1 month ago
.
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Omar8 Omar8 1 month ago
Video




It's a year old, but interesting....






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Omar8 Omar8 1 month ago
Good Volume today EOM
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Retire43 Retire43 1 month ago
Things are really heating up within this company! When this whole is completed and the essays come back this stock could double in price and market cap
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Retire43 Retire43 1 month ago
Yes. With this new depth proven. It changes all the numbers to a greater amount of gold within this claim.
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trash1 trash1 1 month ago
this is going much higher
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Retire43 Retire43 1 month ago
This is great news. This will greatly increase the proven in the ground reserves that this claim can be calculated to bring

New news. 1st drill hole proves gold at depth !
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BlazingStocks BlazingStocks 7 months ago
$PVGDF - Rauno Perttu, Provenance's CEO, stated, "Having Andy join us as a special advisor at this exciting time for our Company is very helpful. We and Andy see the significant positive impact our Eldorado gold project and similar projects could have on Malheur County.
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BlazingStocks BlazingStocks 7 months ago
$PVGDF News April 02, 2024

Provenance Gold Announces the Appointment of Advisor with 30 Years Experience in Municipal, County and State Government in Oregon
https://finance.yahoo.com/news/provenance-gold-announces-appointment-advisor-100000927.html
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BlazingStocks BlazingStocks 8 months ago
Yes, excellent News and more in the future...

$PVGDF - the Company has secured an additional 42 BLM claims through staking adjacent to its Eldorado property in Malheur County, USA
https://finance.yahoo.com/news/provenance-gold-triples-land-position-100000545.html
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thetruth33 thetruth33 8 months ago
Great update today. Love the transparency that they are always providing. This seems to be a great drill site and should keep producing great results for Provenance Gold Corp. I will keep holding, and feel this can easily soar into the teens price point very quickly.
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BlazingStocks BlazingStocks 8 months ago
$PVGDF News March 19, 2024

Provenance Gold Triples Land Position After Strong 2023 Drill Results at Eldorado
https://finance.yahoo.com/news/provenance-gold-triples-land-position-100000545.html
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Retire43 Retire43 1 year ago
Yes. This was great results! Provenance Gold has proven the historic numbers and beat them with higher grades, greater depth and step out, drilling confirmed a much larger claim!
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BlazingStocks BlazingStocks 1 year ago
Just saw this on Reddit... Nice to see the exposure increasing for the company.

$PVGDF
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thetruth33 thetruth33 1 year ago
A great recap on the $PVGDF news. Load ans hold while you can at this discounted price. #provenancegoldcorp https://www.reddit.com/r/stockstobuytoday/s/eik0fKsOZM
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BlazingStocks BlazingStocks 1 year ago
$PVGDF trading HUGE volume, UP almost 24% in Power Hour...
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thetruth33 thetruth33 1 year ago
True potential is being viewed right now for $PVGDF. Great action today, gold is now at $2,000.00. $.10 cents and above is right around the corner. HUGE news with detailed results provided earlier this week, now is the time to load up on Provenance Gold. Don't be late to the party.
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BlazingStocks BlazingStocks 1 year ago
$PVGDF News October 18, 2023

Provenance Gold Releases Further Results from Its Maiden Drill Program at Eldorado Intersecting 12 Meters of 18.01 g/t Gold Within 119 meters of 3.28 g/t Gold from Surface
https://finance.yahoo.com/news/provenance-gold-releases-further-results-090000348.html
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thetruth33 thetruth33 1 year ago
Great news out today for $PVGDF. Strong results have been detailed, and it looks like that has shown in the volume so far this morning. Let's see if this can get to $.08 or higher today.
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trash1 trash1 1 year ago
good vol.
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trash1 trash1 1 year ago
going to .15
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Retire43 Retire43 1 year ago
So now we have good essay results from four holes at El Dorado
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BlazingStocks BlazingStocks 1 year ago
$PVGDF trading low volume but green. Let's see what happens during Power Hour.
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BlazingStocks BlazingStocks 1 year ago
Today's News proves that $PVGDF is taking proper steps to make this property value to the company and its shareholders
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thetruth33 thetruth33 1 year ago
The waiting was well worth it with today's update. I think things will only progress, and get better from here as well. $.10 cents is just an afterthought now at this point, we could see low teens very soon. $PVGDF
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