Welcome to our dedicated page for ALLXF news (Ticker: ALLXF), a resource for investors and traders seeking the latest updates and insights on ALLXF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ALLXF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ALLXF's position in the market.
On February 8, 2022, Aris Gold Corporation (OTCQX: ALLXF) announced that approximately 78% of its 7.5% Senior Secured Gold-Linked Notes due 2027 noteholders approved an amendment to the trust indenture. This amendment allows the company to issue unsecured parent guarantees for future subsidiary debt, aligning with its strategy to become a larger, diversified gold producer. The vote showed strong support, with 99.5% in favor at the recent noteholders' meeting.
Aris Gold Corporation (OTCQX: ALLXF) will hold a virtual meeting on February 8, 2022, at 10:00 am PST for holders of its 7.50% Senior Secured Gold-Linked Notes due 2027. The record date for voting is January 12, 2022. The meeting will address a proposed amendment allowing unsecured parent guarantees for future subsidiary debts to facilitate growth as a diversified gold producer. Noteholders who vote in favor will receive a fee of US$2.50 per US$1,000 principal amount of notes.
Aris Gold Corporation (OTCQX: ALLXF) announced positive results from its initial 10,000 m drill program at the Juby gold project in Ontario. The program included 26 drillholes and confirmed the extension of high-grade mineralization, particularly a 200 m extension at the Golden Lake deposit. Notable intersections included 5.74 g/t Au over 5.7 m and 138.00 g/t Au over 0.49 m. The encouraging results suggest potential for a second phase drill program, underscoring Aris Gold's commitment to resource expansion.
Aris Gold Corporation (OTCQX: ALLXF) has announced significant developments regarding its Marmato Lower Mine, including the completion of several optimizations with Wood PLC, its EPCM contractor. Construction is set to commence in late November 2021, with first gold production anticipated in Q4 2023. Additionally, a new mineral resource estimate reveals a 42% increase in Measured and Indicated resources, totaling 5.8 million ounces of gold. This includes an 81% rise in contained gold ounces for the Lower Mine. The ongoing exploration program suggests continued growth potential.
Aris Gold Corporation (OTCQX: ALLXF) reported Q3 2021 net earnings of $6.0 million, a significant recovery from a $24.9 million loss in Q3 2020. Revenue for the quarter was $11.9 million, with gold produced totaling 6,800 ounces. The company focused on advancing the Lower Mine project and continued its 35,000-metre exploration drill program at Marmato. However, adjusted net loss rose to $0.6 million due to increased costs. Cash and cash equivalents surged to $151.3 million as of September 30, 2021, up from $32.0 million at year-end 2020.
Aris Gold Corporation (ALLXF) reported Q2 2021 earnings of $5.3 million, a significant recovery from a net loss of $6.9 million in Q2 2020. In H1 2021, revenues surged 47% to $24.9 million, driven by a 31% increase in gold ounces sold. The company made substantial progress on its Lower Mine project at Marmato, securing $34 million in financing and advancing its exploration drilling program. The anticipated completion of a 35,000-metre drill program and a new operations teamaim to extend the mine's life further.
Aris Gold Corporation (ALLXF) reported its Q1 2021 financial performance and AGM results. The company achieved $13.6 million in revenue, a 29% increase year-over-year, fueled by higher gold prices and sales. They incurred $7.1 million in capital expenditures, primarily for the Lower Mine project. Cash and equivalents rose to $143.4 million. However, Aris Gold recorded a net loss of $8.4 million, impacted by restructuring costs. The AGM confirmed all director nominees with over 99% approval.
Aris Gold Corporation (OTCQX: ALLXF) will host its annual general meeting (AGM) on May 11, 2021, at 10am PDT via virtual platform due to COVID-19. Registered shareholders and proxyholders can participate and vote online, while beneficial shareholders can view the meeting as guests. Proxy forms must be submitted by May 7, 2021. Additionally, Aris Gold will release its first quarter 2021 financial results on the same day after market hours. The company operates the Marmato mine in Colombia and is engaged in growth opportunities to create value.
Aris Gold Corporation (OTCQX: ALLXF) has launched a 10,000-metre drill program at its Juby Project in Ontario, which spans 14,000 acres. Drilling is set to commence in Q3 2021, focusing on extending known high-grade mineral zones between existing deposits. The Juby Project hosts 773,000 oz of indicated and 1,488,000 oz of inferred gold resources, based on a recent Mineral Resource Estimate. The initiative aims to revitalize exploration activities that have been dormant since 2018, adhering to COVID-19 safety protocols.
FAQ
What is the market cap of ALLXF (ALLXF)?
