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WINSTON GOLD CORP ORD - WGMCF STOCK NEWS

Welcome to our dedicated page for WINSTON GOLD ORD news (Ticker: WGMCF), a resource for investors and traders seeking the latest updates and insights on WINSTON GOLD ORD 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 WINSTON GOLD ORD'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 WINSTON GOLD ORD's position in the market.

News
Rhea-AI Summary

Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) announced on May 27, 2021, that its Board of Directors has granted 5,250,000 incentive stock options to directors, officers, and consultants. These options allow purchasing common shares at an exercise price of $0.10 and will expire on May 26, 2026. The company, focused on advancing high-grade, low-cost mining opportunities, has acquired the Winston Gold project near Helena, Montana, which remains underexplored.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
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none
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Rhea-AI Summary

Winston Gold Corp. (CSE:WGC)(OTCQB:WGMCF) announces an exploration drilling program on the Hard Cash joint venture property near Radersburg, Montana. This property, acquired via a lease-to-own deal with Bond Resource Inc., previously produced 1,032 ounces of gold. The initial drilling will include six holes over 488 meters, targeting both the historic vein and a newly identified vein structure with promising assay results of 4.29 g/t gold. The aim is to assess gold mineralization continuity and further drilling phases will depend on initial results.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.7%
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Rhea-AI Summary

Winston Gold Corp. (CSE:WGC)(OTCQB:WGMCF) has announced the resignation of Max Polinsky as President, CFO, and Director, expressing gratitude for his contributions. Stan Stewin, who has been closely involved in advancing the Winston Gold project, is appointed as interim CFO. This leadership change comes as the company continues its focus on developing its high-grade, low-cost mining opportunities, particularly the under-explored Winston Gold project in Montana. The CSE has not approved or disapproved this information.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
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management
Rhea-AI Summary

Winston Gold Corp. (WGMCF) announced it has 30 tons of flotation concentrate ready for shipment and an additional 10 tons pending upgrades at the Paradine Mill, Montana. The mill, renovated after 20 years of inactivity, will operate 24/6 to process the high-grade stockpile from the Winston Gold Mine. Significant upgrades include a new crushing circuit, ball mill charge, and flotation cells. However, a delay of approximately 30 days is expected due to necessary repairs on the ball mill's trunnion bearings. The mill's nameplate capacity is 150 tons per day.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.69%
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Rhea-AI Summary

Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) has announced significant findings from its ongoing underground drilling at the Winston Gold Project near Helena, Montana. Drill hole W149 intercepted a high-grade mineralization interval of 0.3 meters averaging 98.47 g/t gold and 315.09 g/t silver. This vein system, linked to previous successful holes W126 and W1729, indicates potential for a high-grade zone of mineralization measuring 39 meters vertically and 25 meters horizontally. The company's efforts aim to refine structural models to support future mining plans.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.29%
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Rhea-AI Summary

Winston Gold Corp. (CSE:WGC)(OTCQB:WGMCF) has successfully closed a non-brokered private placement, raising $2,593,528 through the issuance of 28,816,983 units at $0.09 each. Each unit includes one common share and one warrant, with a five-year exercise price set at $0.13. The funds will support general corporate purposes and advance the Winston gold project in Montana to test mining. A finder's fee of $24,000 and 266,666 finder’s warrants were issued in connection.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
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Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) has addressed recent promotional activity regarding its shares following a notification from OTC Markets. The Company reported an increase in trading volume coinciding with promotional newsletters encouraging investment in its common shares, which the Company did not fully control. Although Winston engaged marketing firms for promotional activities, it did not approve all final statements, some of which were deemed misleading. Investors are urged to conduct thorough due diligence and rely on official filings for accurate information.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.5%
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none
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Rhea-AI Summary

Winston Gold Corp. (OTCQB: WGMCF) announces a joint Lease Agreement with Bond Resources Inc. for the Hard Cash property in Montana, covering 166 acres. This partnership aims to capitalize on historical mining potential, with both companies as equal partners. The Agreement includes a five-year term, an option to purchase for $1.5 million, and minimum annual expenditures of $75,000. Previous production from the Hard Cash vein yielded 1,032 ounces of gold from 1,007 tons. The partnership seeks to leverage shared expertise for immediate cash flow opportunities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.03%
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none
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Rhea-AI Summary

Winston Gold Corp. has achieved a significant milestone by producing its first concentrate from low-grade stockpiles at the Paradine Mill Facility in Montana. The mill processed 752.47 tons of material, yielding 7.43 tons of concentrate with an average grade of 1.73 opt gold and 30.52 opt silver. The company plans to ramp up mining operations to 150 tons per day by May 2021. Future enhancements include a Wilfley Table for improved recoveries and a filter press for safer processing. Underground development work has increased mining efficiency, indicating a positive trajectory for the corporation's operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.06%
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none
Rhea-AI Summary

Winston Gold Corp (CSE:WGC)(OTCQB:WGMCF) has successfully closed a non-brokered private placement, raising $2,223,000 through the sale of 17,784,000 units at $0.125 per unit. Each unit includes one common share and one share purchase warrant, allowing holders to purchase additional shares at $0.20 for five years. The proceeds will be allocated for general corporate purposes and advancing the Winston gold project in Montana to test mining phase. All securities are subject to a statutory hold period.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
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none

FAQ

What is the current stock price of WINSTON GOLD ORD (WGMCF)?

The current stock price of WINSTON GOLD ORD (WGMCF) is $0.0099 as of April 16, 2024.

What is the market cap of WINSTON GOLD ORD (WGMCF)?

The market cap of WINSTON GOLD ORD (WGMCF) is approximately 3.3M.

WINSTON GOLD CORP ORD

OTC:WGMCF

WGMCF Rankings

WGMCF Stock Data

3.28M
445.99M
0%
Gold
Basic Materials
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United States of America
Winnipeg