trending Market Intelligence /marketintelligence/en/news-insights/trending/W-SXpL13JKZxKqjsHqVCpw2 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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Newmarket Gold redeems outstanding debt, strengthens financial position

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Newmarket Gold redeems outstanding debt, strengthens financial position

Newmarket GoldInc. said March 30 that holders converted some US$34.3 million of thecompany's US$34.5 million 8% convertible unsecured debentures due April 30, 2018,into common shares prior to the redemption date.

The company will issue 10,287 shares to complete the redemption,and pay cash for the accrued and unpaid interest up to, but excluding, the redemptiondate.

Following the redemption, the company will have about 174.7 millionshares issued and outstanding.

Company President and CEO Douglas Forster said, "With theconversion and full redemption of all outstanding Debentures, Newmarket's currentsolid financial position will be further strengthened as the Company will be essentiallydebt free with no additional future Debenture interest payments."

In January, the company said that it expects to produce between 205,000 ounces and 220,000 ouncesof gold in 2016 at operating cash costs per ounce sold in the range of US$700 toUS$750 per ounce.