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Fiore Gold Ltd. announced that shareholders approved a special resolution regarding the acquisition by Calibre Mining Corp.. The voting took place at a special meeting on January 5, 2022, where approximately 99.79% of the votes favored the arrangement. A total of 42,507,752 shares were represented, equating to 42.07% of the outstanding shares. The final order from the Supreme Court of British Columbia is scheduled for January 10, 2022, with the transaction expected to close around January 12, 2022.
Fiore Gold Ltd. announced the filing of materials for a special shareholder meeting on January 5, 2022, regarding its proposed acquisition by Calibre Mining Corp.. Shareholders will receive 0.994 Calibre Shares and C$0.10 in cash for each Fiore Share, representing a 44% premium over the closing price prior to the announcement. The deal aims to enhance market relevance, trading liquidity, and shareholder value while providing access to a strong balance sheet and exploration activities. The board unanimously recommends voting FOR the arrangement.
Fiore Gold Ltd. (OTCQB:FIOGF) reported strong preliminary production results for Q4 and fiscal year 2021, achieving 45,397 ounces of gold production, hitting the midpoint of its 44,000-47,000 ounces guidance range. Highlights include record Q4 production of 13,527 ounces and a closing cash balance of $22.9 million. The company announced a two-year mine life extension at its Pan Mine and completed the construction of its Phase 3 heap leach pad. Additionally, Fiore is advancing its Gold Rock project, expecting to issue a Feasibility Study in Q4 2022, with production anticipated in 2024.
Fiore Gold Ltd. has filed an amended technical report for the Golden Eagle Project in Ferry County, Washington, dated September 24, 2021. The revisions addressed comments from the BCSC and did not change mineral resources. The company aims to grow production to 150,000 ounces of gold per year by enhancing output at the Pan Mine, advancing the Gold Rock project, and acquiring additional assets. The technical report can be accessed on the company’s website and SEDAR.
Fiore Gold Ltd. has filed an amended NI 43-101 technical report for the Gold Rock Project, addressing comments from the BCSC without altering mineral resources or economic conclusions. The report, dated September 3, 2021, is available on SEDAR and Fiore's website. The company aims to grow into a 150,000 ounce per year gold producer by increasing production at the Pan Mine, advancing Gold Rock, and pursuing additional production assets.
Fiore Gold Ltd. announced the filing of an amended technical report for the Pan Gold Project, clarifying comments from the BCSC without altering resources, reserves, or economic forecasts. The company's strategy aims to grow production to 150,000 ounces annually by enhancing operations at the Pan Mine, advancing the Gold Rock project, and acquiring additional assets. The amended report and corporate strategy reflect Fiore's commitment to expanding its presence in stable mining jurisdictions.
Fiore Gold Ltd. reported strong results for Q3 2021, ending June 30. Gold production rose by 8% to 11,751 ounces, with sales of 11,741 ounces at an average price of $1,815 per ounce. Total revenues reached $21.3 million, generating a mine operating income of $7.2 million and a net income of $4.1 million, translating to $0.04 earnings per share. The company also enhanced its cash position to $18.5 million amidst ongoing investments in expansion and acquisitions, including the Illipah project.
Fiore Gold Ltd. has completed the acquisition of a 100% interest in the Illipah gold project in Nevada for US$200,000 and 1.3 million shares. The property spans 1,600 hectares and includes a former mine that produced 37,000 ounces of gold in the late 1980s. An initial exploration program is set to begin in early August, which will include mapping and geochemical sampling. Fiore aims to grow its production to 150,000 ounces of gold per year by advancing its existing projects and acquiring near-production assets.
Fiore Gold Ltd. (OTCQB:FIOGF) reported a fiscal Q3 2021 gold production of 11,756 ounces, an 8% increase from the previous quarter. Total gold sales reached 11,741 ounces at an average realized price of $1,815 per ounce. The company ended the quarter with a cash balance of $18.5 million. New leach pad irrigation commenced in July 2021, expected to boost future production. Fiore plans aggressive exploration over the next 12-18 months, aiming to grow into a 150,000-ounce annual producer.
Fiore Gold Ltd. (TSXV:F, OTCQB:FIOGF) has signed a letter of intent to acquire a 100% interest in the Illipah gold project in Nevada from Clover Nevada LLC for US$200,000 in cash and 1.3 million shares. The project, previously a heap-leach mine, produced 37,000 ounces of gold at an average grade of 1.37 g/t Au in the late 1980s. Fiore aims to leverage existing geological data to prioritize exploration targets, enhancing its strategy to grow into a 150,000 ounce gold producer annually, while aiming to advance its nearby Gold Rock project.
