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    HIGH   CA42984V1031

HIGHGOLD MINING INC.

(HIGH)
  Report
Delayed Bourse de Toronto  -  03:50 2022-12-02 pm EST
0.7800 CAD   -2.50%
11/29Highgold Mining : Investor Presentation November
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11/29Highgold Mining : Earnings Release
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11/29Highgold Mining : Earnings Release
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Highgold Mining Inc. Executes Agreement to Purchase Remaining 50% Interest in its Yukon Mineral Properties

09/13/2022 | 12:57pm EST

HighGold Mining Inc. announced the Company has executed an agreement to purchase the remaining 50% interest in its Yukon mineral properties, bringing HighGold's ownership to 100%. The acquisition includes four (4) separate properties (the "Properties) totaling 1,023 claims and 21,000ha (210 km). The most advanced of the properties is King Tut, located 10 km south of Snowline Gold's Selwyn Basin land package and 50km from their recent `Reduced Intrusive Related Gold' discovery. At the King
Tut property, past exploration work outlined multi-kilometer long gold-in-soil anomalies including an open-ended one-kilometer by one-kilometer gold anomaly associated with the upper carapace of an intrusive body with no prior drilling. HighGold, through its wholly-owned subsidiary, entered into an agreement of purchase and sale with Carlin Gold Corp. (the Vendor) to acquire the Properties. In consideration of the acquisition and subject to TSX Venture Exchange (the TSXV) acceptance, the Company has agreed to make a cash payment of CAD 75,000 to the Vendor and to issue 200,000 common shares (the "Consideration Shares"). Pursuant to the Agreement, the Acquired Property is subject to a 0.5% net smelter returns royalty in favour of the Vendor, which may be bought back by the Company. In addition to the agreement with Carlin, HighGold has also entered into an agreement of purchase and sale with Strategic Metals Inc. (Strategic) for the purchase of Harlow property that ties-on to the King Tut property. In consideration of the acquisition and subject to TSXV acceptance, the Company has agreed to make a cash payment of CAD 20,000 to the Strategic, issue 20,000 common shares, and granted a 2.5% net smelter returns royalty on the Harlow property, of which 0.5% may be bought back by the Company for $750,000.


ę S&P Capital IQ 2022
All news about HIGHGOLD MINING INC.
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Financials (USD)
Sales 2021 - - -
Net income 2021 -2,02 M -1,50 M -1,50 M
Net cash 2021 23,2 M 17,2 M 17,2 M
P/E ratio 2021 -38,6x
Yield 2021 -
Capitalization 57,2 M 42,5 M 42,5 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 98,6%
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 0,78 CAD
Average target price 2,38 CAD
Spread / Average Target 204%
Managers and Directors
Darwin Green President, Chief Executive Officer & Director
Aris P. A. Morfopoulos Chief Financial Officer & Secretary
Michael Gray Independent Director
Anne Labelle Independent Director
Michael Cinnamond Independent Director
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