trending Market Intelligence /marketintelligence/en/news-insights/trending/YW_SNXaU4PyODiaBT0j9LA2 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

Globex Mining takes 11.1% stake in NSGold

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

Globex Mining takes 11.1% stake in NSGold

Globex Mining Enterprises Inc. has taken an 11.1% stake in NSGold Corp. after they reached a new deal covering the Mooseland gold project in Nova Scotia.

NSGold acquired the project and certain secondary properties from Globex under an April 2010 agreement, in exchange for a 4% gross metal royalty as well as the issuance of shares equivalent to 5% of NSGold's share capital upon any of the assets reaching production.

The new deal will eliminate the conditional share issuance and reduce the gross metal royalty to 2%. It will also see NSGold issuing 1,745,408 shares to Globex, giving the latter an approximately 11.1% stake.

A June 2012 estimate pegged inferred resources for Mooseland at 454,000 ounces of gold grading 5.60 g/t within 2.5 million tonnes using a 2.6 g/t cutoff.