Image of Osisko's Malartic Mine, Quebec

The Largest Gold Financings for 2023

In 2023, Costmine Intelligence tracked 108 gold mining financings closed that amounted to USD$983,649,426.

#1) Osisko Mining Inc. (TSX: OSK) – The proceeds from the financing will be used to advance the company’s Windfall Project, for working capital and general corporate purposes.

#2) Skeena Resources Ltd. (TSX: SKE) – The net proceeds of the offering will be used for the continued advancement of the company’s Eskay Creek gold-silver project and for general corporate purposes.

#3) Reunion Gold Corp. (TSX-V: RGD) – The company intends to use the proceeds from the offering for advancement of the company’s Oko West project in Guyana and for general corporate purposes.

#4) GoGold Resources Inc. (TSX: GGD) – The company plans to use the proceeds to support the continued advancement of the company’s Los Ricos North and South projects.

#5) New Found Gold Corp. (TSX-V: NFG) – Funds raised will be used to advance the company’s Queensway project in Newfoundland, Canada.

#6) Osisko Development Corp. (TSX-V: ODV) – The company intends to use the net proceeds of the offering to advance the development of the company’s material mineral projects, being the Tintic project and the Cariboo gold project, and for general corporate purposes

#7) Marathon Gold Corp. (TSX: MOZ) –  Marathon intends to use the proceeds of the private placement solely to finance the development and construction of its Valentine gold project

#8) i-80 Gold Corp. (TSX: IAU) – The funds raised will primarily be directed towards the upcoming milestone payment for the Ruby Hill project, drilling expenditures for Ruby Hill, Granite Creek and Cove, permitting expenses and the further development of Granite Creek project.

#9) Prime Mining Corp. (TSX: PRYM) – The net proceeds from the offering will be used by Prime for exploration and development of the company’s Los Reyes gold-silver project and for general corporate purposes.

#10) Moneta Gold Inc. (TSX: ME) – The company will use the proceeds for exploration at its Tower gold project. 

#11) Luca Mining Corp. (TSX-V: LUCA) – Net proceeds will be used by the company to complete construction of its phase one 500-tonne-per-day (tpd) project at Tahuehueto; to make substantial progress toward completing its nameplate 1,000 tpd project; and for general working capital.

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