ESM.TO - Euro Sun Mining Inc.

Toronto - Toronto Delayed Price. Currency in CAD
0.3400
0.0000 (0.00%)
At close: 3:59PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.3400
Open0.3500
Bid0.3400 x 0
Ask0.3450 x 0
Day's Range0.3350 - 0.3550
52 Week Range0.1350 - 0.5900
Volume525,732
Avg. Volume394,511
Market Cap38.007M
Beta (5Y Monthly)2.63
PE Ratio (TTM)N/A
EPS (TTM)-0.1190
Earnings DateMar 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.58
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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    • GlobeNewswire

      Euro Sun Mining Announces the Filing and Receipt of the Preliminary Prospectus Relating to the Previously Announced Bought Deal Public Offering of Units

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it has filed, and obtained a receipt for, a short form preliminary prospectus today with the securities regulatory authorities in each of the provinces of Canada, except Quebec, in connection with its previously announced offering whereby Sprott Capital Partners LP on its own behalf and, if applicable, on behalf of a syndicate of underwriters (together, the “Underwriter”) pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 51,282,052 units of the Company (the “Units”) at a price of C$0.39 per Unit (the “Issue Price”) for gross proceeds of approximately C$20,000,000 (the “Offering”). Each Unit will be comprised of one (1) common share in the capital of the Company (each, a “Common Share”) and one half of one Common Share purchase warrant entitling the holder to purchase one Common Share at C$0.55 at any time on or before the date which is 36 months  after the Closing Date (as defined below).

    • GlobeNewswire

      Euro Sun Mining Announces Upsizing of Previously Announced Bought Deal Public Offering of Units

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) announces that it has entered into an amending agreement with Sprott Capital Partners LP on its own behalf and, if applicable, on behalf of a syndicate of underwriters (together, the “Underwriter”) pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 51,282,052 units of the Company (the “Units”) at a price of C$0.39 per Unit (the “Issue Price”) for gross proceeds of approximately C$20,000,000 (the “Offering”). Each Unit is comprised of one (1) common share in the capital of the Company (each, a “Common Shares”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”) entitling the holder to purchase one Common Share (each, a “Warrant Share”) at C$0.55 at any time on or before the date which is thirty-six months after the Closing Date (as defined below).

    • GlobeNewswire

      Euro Sun Mining Announces C$12 Million Bought Deal Public Offering of Units

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) announces that it has entered into an agreement with Sprott Capital Partners LP on its own behalf and, if applicable, of a syndicate of underwriters (together, the “Underwriter”) pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 30,769,231 units of the Company (the “Units”) at a price of C$0.39 per Unit (the “Issue Price”) for gross proceeds of approximately C$12 million (the “Offering”). Each Unit is comprised of one (1) common share in the capital of the Company (each, a “Common Shares”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”) entitling the holder to purchase one Common Share (each, a “Warrant Share”) at C$0.55 at any time on or before the date which is thirty-six months after the Closing Date (as defined below).

    • Here's Why We're A Bit Worried About Euro Sun Mining's (TSE:ESM) Cash Burn Situation
      Simply Wall St.

      Here's Why We're A Bit Worried About Euro Sun Mining's (TSE:ESM) Cash Burn Situation

      Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

    • GlobeNewswire

      REPEAT - Euro Sun Awards SENET Pty Feasibility Study for Rovina Valley Project

      SENET is one of the leading project management and engineering firms in the field of mineral processing. For almost three decades SENET has provided project management, multidisciplinary engineering, procurement and logistics management, and construction services to the mining and mineral processing industry.

    • GlobeNewswire

      Euro Sun Awards SENET Pty Feasibility Study for Rovina Valley Project

      SENET is one of the leading project management and engineering firms in the field of mineral processing. For almost three decades SENET has provided project management, multidisciplinary engineering, procurement and logistics management, and construction services to the mining and mineral processing industry.

    • GlobeNewswire

      EURO SUN PROVIDES CORPORATE UPDATE ON ROVINA VALLEY

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to provide a corporate update and comment on the current strategy regarding development of the ten million gold equivalent ounce Rovina Valley Project (“RVP”). The Company is also pleased to report it has filed its 2019 annual financial statements and MD&A along with the 2019 Annual Information Form on time despite the relief by the regulators to allow for a delay in regulatory filings. In response to many questions from shareholders, we would like to review the approach being taken for development at RVP so that all investors have a clear understanding of the ultimate value of this world class gold development project.

    • GlobeNewswire

      Euro Sun Mining Attending BMO Capital Markets 29th Global Metals & Mining Conference

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it will attend the BMO Capital Markets 29th Global Metals & Mining Conference from February 23 to February 26, 2020 in Hollywood, Florida. The event is hosted by the BMO Capital Markets' Metals & Mining Equity Research team. With 11 analysts dedicated to the sector, BMO’s Metals & Mining Equity Research team has one of the largest coverage universes of metals, mining and fertilizer companies in the world.

    • GlobeNewswire

      Euro Sun Closes Previously Announced Private Placement Financing

      Pursuant to the closing of the Offering, the Company issued 11,379,310 shares of the Company at a price of C$0.29 per share for gross proceeds of C$3,300,000. Euro Sun intends to use the proceeds of the Offering for the advancement of its Rovina Valley Project and for general corporate purposes. The common shares issued under the Offering are subject to a hold period that expires on May 30, 2020.

    • GlobeNewswire

      Euro Sun Announces $3.3 Million Private Placement

      Completion of the Offering is subject to a number of conditions, including without limitation, receipt of Toronto Stock Exchange approval. Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second largest gold deposit in Europe. This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation.

    • GlobeNewswire

      Euro Sun Appoints Samuel Rasmussen as Chief Operating Officer for Rovina Valley

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the appointment of Samuel Rasmussen as chief operating officer for its Rovina Valley project in Romania. In connection with the appointment Mr. Rasmussen has been granted 1,000,000 Euro Sun stock options. Since graduating from the Colorado School of Mines, Mr. Rasmussen has accumulated over 25 years of experience in building and operating large tonnage mines for international miners such as Glencore, Lundin Mining, Freeport McMoRan and Anglo American.

    • GlobeNewswire

      Euro Sun Closes Second Tranche of Private Placement Financing

      Pursuant to the Second Tranche, the Company issued 2,100,000 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.25 per Unit for gross proceeds of C$525,000.00. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”).

    • GlobeNewswire

      Euro Sun Closes First Tranche of Private Placement Financing

      Pursuant to the First Tranche, the Company issued 8,000,000 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.25 per Unit for gross proceeds of C$2,000,000.00. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”).

    • GlobeNewswire

      Euro Sun Upsizes Previously Announced Private Placement Financing to $3.75 Million

      The Offering will be a non-brokered private placement financing of up to 15,000,000 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.25 per Unit for gross proceeds of up to C$3,750,000.00. Each Unit will consist of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”).

    • GlobeNewswire

      Euro Sun Announces $2 Million Private Placement

      Each Unit will consist of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of C$0.40 for a period of 24 months from issuance. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of Toronto Stock Exchange approval.

    • GlobeNewswire

      Euro Sun Appoints Bruce Humphrey to Board of Directors

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the appointment of Bruce Humphrey as a new independent member of its Board of Directors. Mr. Humphrey is a professional mining engineer with over 45 years experience working in senior management roles with both junior and senior mining companies. As Chairman of Consolidated Thompson Iron Mines Limited, he was instrumental in construction of the $1.2 billion Bloom lake mine project.

    • GlobeNewswire

      Euro Sun Awards Environmental Impact Assessment to Leading Global Consultants ERM International

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce it has awarded the Environmental Impact Assessment for the Rovina Valley Project to ERM Environmental Resources Management SRL (“ERM”), based in Bucharest Romania for the ten million ounce Rovina Valley Project in accordance with the mining license granted by the Romania Government in November 2018. ERM is a leading global provider of environmental, health, safety, risk, social consulting services and sustainability related services. ERM operates more than 160 offices in over 40 countries and territories employing more than 4,700 professionals.

    • GlobeNewswire

      Euro Sun Discovers Four New Gold-Copper Porphyries Adjacent to Its Rovina Valley Project

      TORONTO, Nov. 04, 2019 -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the surface generative exploration results from the Stanija.

    • Euro Sun Mining (TSE:ESM) Will Have To Spend Its Cash Wisely
      Simply Wall St.

      Euro Sun Mining (TSE:ESM) Will Have To Spend Its Cash Wisely

      We can readily understand why investors are attracted to unprofitable companies. For example, although...

    • GlobeNewswire

      Euro Sun Appoints Mr. Danny Callow to Board of Directors

      Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the appointment of Danny Callow as a new independent member of its Board of Directors. Mr. Callow was formerly Head of African Copper Operations for Glencore PLC., Chief Executive Officer and Executive Director of Katanga Mining Limited and Chief Executive Officer of Mopani Copper Mines PLC. Mr. Callow is a Professional Mining Engineer and holds an MBA from Henley Management College and a Bachelor (Hons) of Mining Engineering from the Camborne School of Mines.  In addition, he holds a non-executive Director professional diploma from FT-London.

    • GlobeNewswire

      Euro Sun Completes Acquisition of All Outstanding Shares of Vilhelmina Minerals Inc.

      Euro Sun Mining Inc., (ESM.TO) (“Euro Sun” or the “Company”) is pleased to announce that further to the press releases dated September 25, 2019 and October 9, 2019, it has completed the acquisition of all of the issued and outstanding shares of Vilhelmina Minerals Inc. (“Vilhelmina”) that it currently does not own (the “Vilhelmina Acquisition”). Vilhelmina is an Ontario-incorporated company that holds a 46.9% ownership interest in Vilhelmina Mineral AB (“Vilhelmina Sub”), a private Swedish company which owns an interest in past producing mines in Sweden and Norway. Pursuant to the Vilhelmina Acquisition, the Company acquired a total of 2,457,230 common shares of Vilhelmina from other existing shareholders of Vilhelmina (the “Vilhelmina Shareholders”) for a total purchase price of 9,088,235 common shares of the Company issued from treasury.

    • GlobeNewswire

      Euro Sun Enters Into Definitive Agreement to Purchase All Outstanding Shares of Vilhelmina Minerals Inc.

      Euro Sun Mining Inc., (ESM.TO) (“Euro Sun” or the “Company”) is pleased to announce that further to the press release dated September 25, 2019, it has entered into a definitive agreement dated as of October 3, 2019 with the shareholders of Vilhelmina Minerals Inc. (collectively, the “Vilhelmina Shareholders”) (the “Definitive Agreement”), pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of Vilhelmina Minerals Inc. (“Vilhelmina”) that it currently does not own (the “Vilhelmina Acquisition”). Vilhelmina is an Ontario-incorporated company that holds a 46.9% ownership interest in Vilhelmina Mineral AB (“Vilhelmina Sub”), a private Swedish company which owns an interest in past producing mines in Sweden and Norway.

    • GlobeNewswire

      Euro Sun Increases Ownership of Vilhelmina Minerals Inc. and Clarifies Disclosure

      Euro Sun Mining Inc., (ESM.TO) (“Euro Sun” or the “Company”) is pleased to announce that it has entered into a binding letter of intent dated September 25, 2019 with Vilhelmina Minerals Inc. (“Vilhelmina”) and the shareholders of Vilhelmina (collectively, the “Vilhelmina Shareholders”) (the “Binding LOI”), pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of Vilhelmina that it currently does not own (the “Vilhelmina Acquisition”). Vilhelmina is an Ontario-incorporated company that holds a 46.9% ownership interest in Vilhelmina Mineral AB (“Vilhelmina Sub”), a private Swedish company which owns an interest in the past producing mines in Sweden and Norway.

    • GlobeNewswire

      Euro Sun Announces Annual Meeting Results

      Euro Sun Mining Inc., (ESM.TO) (“Euro Sun” or the “Company”) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the Management Information Circular dated June 19, 2019 for the 2019 Annual Meeting of shareholders of the Company (the “Meeting”) were elected as directors of the Company. Shareholders at the annual meeting also approved the appointment of the Company's auditors. Euro Sun’s board would like to express its gratitude to its shareholders for their continued support.

    • GlobeNewswire

      Euro Sun Mining Closes $3.1 Million Brokered Private Placement

      Euro Sun Mining Inc., (ESM.TO) (“Euro Sun” or the “Company”) is pleased to announce the completion of its brokered private placement offering announced on June 24, 2019, whereby the Company issued a total of 8,610,000 units of the Company (the “Units”) at a price of C$0.36 per Unit for gross proceeds of C$3,099,600 (the “Offering”). Each Unit consisted of one common share of Euro Sun (“Common Share”) and one common share purchase warrant of Euro Sun (“Warrant”).  Each Warrant is exercisable to acquire one Common Share at a price of C$0.47 per share until July 4, 2021. The Company paid a 7% cash commission of C$216,972 and issued 602,700 broker warrants (each a “Broker Warrant”) to the Agent.