trending Market Intelligence /marketintelligence/en/news-insights/trending/TY-aLYXdXiJJt-xUj6kibQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Emgold Mining enters option for up to 91% stake in Casa South gold property

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Emgold Mining enters option for up to 91% stake in Casa South gold property

Emgold Mining Corp. on March 20 closed the acquisition of an option for up to a 91% interest in the Casa South gold property in Quebec, announced in December 2018.

The company initiated the four-year option period by completing the first C$75,000 option payment to the vendors out of the total payments of C$375,000.

Concurrently, the company issued 807,692 shares worth about C$52,500 to the vendors, who are to be allocated a total number of shares equal to 9% of the company's share capital.

Emgold will also have to spend C$600,000 on exploration in the first year of the option period and an additional C$1 million during the course of the definitive agreement.

Additionally, the company will grant a 1.5% net smelter royalty to the vendors, of which a third can be repurchased for C$500,000.

The Casa South property comprises 180 active mining titles covering 10,061 hectares and extends immediately south of Hecla Mining Co.'s Casa Berardi mine operation.