CGOOF - Continental Gold Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
4.1090
+0.0140 (+0.34%)
At close: 3:11PM EST
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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close4.0950
Open4.0852
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range4.0852 - 4.1090
52 Week Range2.7224 - 4.2000
Volume525
Avg. Volume525
Market Cap881.311M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
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1y Target EstN/A
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    • Zijin Completes Acquisition of Continental Gold
      CNW Group

      Zijin Completes Acquisition of Continental Gold

      TORONTO , March 5, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce the completion of the previously announced plan of arrangement (the "Transaction") involving the Company, Zijin Mining Group Co., Ltd. ("Zijin") and 2727957 Ontario Inc. (the "Purchaser"), an indirect subsidiary of Zijin, following receipt of all required approvals and satisfaction of all required closing conditions. In connection with the Transaction, the Purchaser acquired all of the issued and outstanding Common Shares of the Company ("Common Shares") by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ).

    • Continental Gold Announces Receipt of Regulatory Approvals for Zijin Transaction
      CNW Group

      Continental Gold Announces Receipt of Regulatory Approvals for Zijin Transaction

      TORONTO , Feb. 27, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has been advised by Zijin Mining Group Co., Ltd. ("Zijin") that Zijin has received the Canadian Investment Canada Act approval, as well as all three of the required regulatory approvals from the People's Republic of China for the previously-announced plan of arrangement (the "Transaction") involving the Company, Zijin and 2727957 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Zijin. As previously disclosed, the Transaction provides for the acquisition by the Purchaser of the issued and outstanding common shares of the Company ("Common Shares") by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ).

    • CNW Group

      Continental Gold Announces US$50 Million Unsecured Loan by Zijin Mining

      TORONTO , Feb. 19, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that an affiliate of Zijin Mining Group Co., Ltd. ("Zijin") has agreed to provide up to an additional US$50 million unsecured loan ("Loan") to the Company. The proceeds of the Loan will be advanced in up to three tranches, with the first US$25 million expected to be funded in the near term, prior to closing of the previously-announced plan of arrangement (the "Transaction") involving the Company, Zijin and 2727957 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Zijin, and used to advance the construction and commissioning of the Buriticá Project. The second advance of up to US$25 million will be funded immediately prior to closing of the Transaction and used to pay closing costs.

    • Continental Gold Announces New High-Grade Vein Discoveries in Underground Development at Buriticá, Including 60.9 g/t Gold Along 50 Metres
      CNW Group

      Continental Gold Announces New High-Grade Vein Discoveries in Underground Development at Buriticá, Including 60.9 g/t Gold Along 50 Metres

      TORONTO , Feb. 3, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that systematic channel sampling of underground development for the Buriticá project has resulted in the discovery of two high-grade veins in the Yaraguá system. Development of its 100%-owned Buriticá project in Antioquia, Colombia remains on schedule with mechanical completion of the mine anticipated prior to the end of Q1 2020. The Athena vein (Figure 1) was discovered in a cross-cut currently being developed as part of underground construction of the Buriticá mine.

    • CNW Group

      Continental Gold Receives Final Court Order Approving Arrangement

      TORONTO , Jan. 30, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has received a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously-announced plan of arrangement (the "Transaction") with 2727957 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Zijin Mining Group Co., Ltd. ("Zijin"). The Transaction provides for the acquisition by the Purchaser of the issued and outstanding common shares of the Company ("Common Shares") by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ).

    • Reuters

      Miner Continental's investors approve sale to China's Zijin

      State-backed Zijin aims to secure Continental Gold's flagship Buritica gold project in Colombia. Continental Gold had earlier said independent proxy advisory firms Institutional Shareholder Services and Glass Lewis urged its shareholders to support the deal. Subject to obtaining required approvals, the deal is expected to close in the first quarter of 2020, Continental said.

    • CNW Group

      Continental Gold Shareholders Overwhelmingly Approve Arrangement

      TORONTO , Jan. 28, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that, at a special shareholders meeting held today, its shareholders overwhelmingly approved the previously-announced plan of arrangement (the "Transaction") with 2727957 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Zijin Mining Group Co., Ltd. ("Zijin"). The Transaction provides for the acquisition by the Purchaser of the issued and outstanding common shares of the Company ("Common Shares") by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ). Each Continental shareholder will receive cash consideration of C$5.50 for each Common Share held.

    • Continental Gold Provides Buriticá Project Construction Update
      CNW Group

      Continental Gold Provides Buriticá Project Construction Update

      TORONTO , Jan. 23, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce the release of photos showing construction advancement at its flagship Buriticá project in northwestern Antioquia, Colombia . The construction of the mine is virtually complete and mechanical completion for the project remains on schedule for the latter part of Q1, 2020. Additionally, the Company continues to receive assay results from the lab for the infill and exploration drilling program conducted in the latter part of 2019.

    • CNW Group

      Continental Gold Named to 2020 OTCQX Best 50

      Continental Gold Named to 2020 OTCQX Best 50

    • OTC Markets Group Announces the 2020 OTCQX Best 50
      PR Newswire

      OTC Markets Group Announces the 2020 OTCQX Best 50

      OTC Markets Group Inc. (OTCQX: OTCM), operator of the OTCQX®, OTCQB® and Pink® financial markets for 10,000 U.S. and global securities, today announced the 2020 OTCQX® Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year.

    • Reuters

      Continental Gold says ISS, Glass Lewis urge shareholders to vote for Zijin deal

      The C$1.3 billion ($1 billion) offer made by Zijin in December, is aimed to take control of Continental Gold's flagship Buritica gold project in Colombia. The Buritica project, which is also shaping up as a key test for the future of large-scale underground mining in Colombia, has measured and indicated gold reserves of 165.47 tonnes, Zijin said. As companies look to boost reserves and take advantage of firmer bullion prices <XAU=>, major gold miners Barrick Gold Corp <ABX.TO> and Newmont Corp <NEM.N> have also bulked up to boost growth and replace shrinking reserves.

    • CNW Group

      Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Continental Shareholders Vote FOR the Zijin Transaction

      Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Continental Shareholders Vote FOR the Zijin Transaction

    • Continental Gold Announces Filing of Management Information Circular for Proposed Arrangement with Zijin Mining
      CNW Group

      Continental Gold Announces Filing of Management Information Circular for Proposed Arrangement with Zijin Mining

      TORONTO , Jan. 2, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has filed its management information circular and related voting materials (the "Meeting Materials") for the special meeting (the "Meeting") of Continental shareholders ("Shareholders") to be held in connection with the proposed plan of arrangement (the "Arrangement") with 2727957 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Zijin Mining Group Co., Ltd. ("Zijin"), as previously announced on December 2, 2019 . At the Meeting being held on Tuesday, January 28, 2020 at 9:30 a.m. ( Toronto time), at the offices of Cassels Brock & Blackwell LLP, 2100 Scotia Plaza, 40 King Street West, Toronto, Ontario , M5H 3C2, Shareholders will be asked to consider and vote upon a resolution (the "Arrangement Resolution") to approve the Arrangement.

    • Continental Gold Announces Closing of US$50 Million Convertible Debenture from Zijin Mining
      CNW Group

      Continental Gold Announces Closing of US$50 Million Convertible Debenture from Zijin Mining

      TORONTO , Dec. 13, 2019 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has closed its previously-announced US$50 million convertible debenture financing (the "Financing") with an affiliate of Zijin Mining Group Co., Ltd. ("Zijin"). The Financing was previously announced on December 2, 2019 as part of the pending arrangement between Continental and Zijin. The debenture issued in connection with the Financing has a term of five years at a 5% interest rate, payable semi-annually in arrears.

    • Reuters

      UPDATE 3-China's Zijin Mining to buy Canada's Continental Gold for $1 bln amid security risk

      BEIJING/TORONTO, Dec 2 (Reuters) - China's Zijin Mining Group Co Ltd has agreed to buy Canadian miner Continental Gold Inc for C$1.3 billion ($1 billion), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal. State-backed Zijin's offer for Continental, announced on Monday, aims to secure Continental Gold's flagship Buritica gold project in Colombia. "Zijin doesn't have any experience in Colombia, and we have obviously had some incidents in the past," Continental Chief Financial Officer Paul Begin told Reuters.

    • China's Zijin Mining to buy Canada's Continental Gold for $1 billion amid security risk
      Reuters

      China's Zijin Mining to buy Canada's Continental Gold for $1 billion amid security risk

      BEIJING/TORONTO (Reuters) - China's Zijin Mining Group Co Ltd <601899.SS> <2899.HK> has agreed to buy Canadian miner Continental Gold Inc <CNL.TO> for C$1.3 billion ($1 billion), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal. State-backed Zijin's offer for Continental, announced on Monday, aims to secure Continental Gold's flagship Buritica gold project in Colombia. "Zijin doesn't have any experience in Colombia, and we have obviously had some incidents in the past," Continental Chief Financial Officer Paul Begin told Reuters.

    • Zijin Mining to Acquire Continental Gold in Friendly, All-Cash Offer for C$1.4 billion
      CNW Group

      Zijin Mining to Acquire Continental Gold in Friendly, All-Cash Offer for C$1.4 billion

      TORONTO and FUJIAN, China , Dec. 2, 2019 /CNW/ - Zijin Mining Group Co., Ltd. ("Zijin") (SSE:601899; SEHK:2899) and Continental Gold Inc. ("Continental") (TSX:CNL; OTCQX:CGOOF) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement"), pursuant to which Zijin has agreed to acquire all of the outstanding shares of Continental (the "Transaction") at a price of C$5.50 per share (the "Offer Price") in cash and all outstanding securities convertible into such common shares will also be acquired on the same basis. The total equity value pursuant to the Transaction is approximately C$1.4 billion on a fully diluted basis. The Offer Price represents a premium of 29% over Continental's 20-day volume-weighted average price ("VWAP") as at November 29, 2019 on the Toronto Stock Exchange ("TSX").

    • Reuters

      China's Zijin Mining agrees to buy Canada's Continental Gold for about $1 bln

      Zijin Mining Group Co Ltd , one of China's biggest gold miners, has signed an agreement to buy Canadian miner Continental Gold Inc , saying the purchase would increase its gold reserves and boost cash flow and profit. The acquisition, which will cost around C$1.33 billion ($999.92 million) in cash, aims to secure Continental Gold's flagship Buriticá gold project for Zijin, the Chinese company said in a filing to the Shanghai Stock Exchange. The Buriticá gold project has measured and indicated gold reserves of 165.47 tonnes and an inferred reserve of 187.24 tonnes, Zijin said in the filing.

    • Continental Gold Provides Buriticá Project Update: Mill Facilities Mechanical Completion nears 90 percent
      CNW Group

      Continental Gold Provides Buriticá Project Update: Mill Facilities Mechanical Completion nears 90 percent

      TORONTO , Nov. 19, 2019 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to provide a project update for its Buriticá project in northwestern Antioquia, Colombia . Mill facilities construction was 88 percent completed as of October 31, 2019 . Acceleration of underground development continues; Continental's mine crews achieved over 1.5 kilometres of lateral development in October, the highest monthly advance to-date.

    • CNW Group

      Continental Gold Reports on Third Quarter 2019 Activities

      TORONTO , Nov. 14, 2019 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to report the following highlights for the three months ended September 30, 2019 . Development activities at the Buriticá Project remain on budget and on schedule for mechanical completion in Q1 2020. Total lateral development metres to date was approximately 18,200 metres; advance continued to increase and exceeded 1,300 metres per month in August and September.

    • Continental Gold Granted Key Exploration Title; Drilling to Commence on Two Robust Targets Hosting Multiple Vein Systems Grading up to 136 g/t Gold in Channel Samples
      CNW Group

      Continental Gold Granted Key Exploration Title; Drilling to Commence on Two Robust Targets Hosting Multiple Vein Systems Grading up to 136 g/t Gold in Channel Samples

      Continental Gold Granted Key Exploration Title; Drilling to Commence on Two Robust Targets Hosting Multiple Vein Systems Grading up to 136 g/t Gold in Channel Samples

    • Does Continental Gold Inc. (TSE:CNL) Have A Particularly Volatile Share Price?
      Simply Wall St.

      Does Continental Gold Inc. (TSE:CNL) Have A Particularly Volatile Share Price?

      If you own shares in Continental Gold Inc. (TSE:CNL) then it's worth thinking about how it contributes to the...

    • Continental Gold Announces High-Grade Gold Channel Sampling Results from Underground Development Drifts at Buriticá, including 14.18 g/t Gold along 38 Metres of Strike
      CNW Group

      Continental Gold Announces High-Grade Gold Channel Sampling Results from Underground Development Drifts at Buriticá, including 14.18 g/t Gold along 38 Metres of Strike

      OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce high-grade channel sampling assay results from six development drifts being prepared as part of the underground construction at its 100%-owned Buriticá project in Antioquia, Colombia . Supporting information for results discussed in this release can be found in Figures 1-4 and all sampling widths reported herein are horizontal metres. New channel sampling results from underground development drifts being evaluated for stope design in the Yaraguá system have returned high grades of gold and silver over significant strike lengths.

    • Continental Gold Commences Deepest Drill Hole to Date Targeting High-Grade Vein Extensions and the Porphyry Feeder at Buriticá
      CNW Group

      Continental Gold Commences Deepest Drill Hole to Date Targeting High-Grade Vein Extensions and the Porphyry Feeder at Buriticá

      OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has commenced drilling a deep diamond drill hole from the Higabra tunnel elevation at its 100%-owned Buriticá project in Antioquia, Colombia . The planned 1,600-metre hole has been designed to test for gold and copper mineralization within a known porphyry intrusive body located in the footwall of the Veta Sur vein system and along the western extension of the Yaraguá vein system. The Company currently has 11 diamond drill rigs operating presently as part of its 73,500-metre definition and exploration drill program for 2019.

    • Continental Gold Announces High-Grade Gold Channel Sampling Results from Underground Development Drifts at Buriticá, including 41.57 g/t Gold along 42 Metres of Strike
      CNW Group

      Continental Gold Announces High-Grade Gold Channel Sampling Results from Underground Development Drifts at Buriticá, including 41.57 g/t Gold along 42 Metres of Strike

      OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce high-grade channel sampling assay results from seven development drifts being prepared as part of the underground construction at its 100%-owned Buriticá project in Antioquia, Colombia . Development of the Buriticá project remains on schedule with first gold pour anticipated in H1 2020. New channel sampling results—from underground development drifts in the Yaraguá and Veta Sur systems being evaluated for stope design at the Buriticá project currently under preparation for mine start-up in 2020—have returned high grades of gold and silver over significant strike lengths.