The company closed its offering of 3.75% convertible senior notes due 2029, totaling US$172.5 million. This includes the full option of an additional US$22.5 million.
The company announces that it has priced its previously announced offering of convertible senior notes due 2029 in an aggregate principal amount of US$150 million.
Mid-tier gold miners continued reporting spectacular quarterly results. They kept growing their production when adjusted for one GDXJ-upper-ranks composition change.
CEO Reid: "Our East Camp North area continues to deliver exciting and impressive gold grades and interval widths including over thirty meters, or one hundred feet, of 1.2 grams per tonne gold."
Despite fantastic fundamentals, major gold stocks remain seriously undervalued relative to their metal. Traders initially ignored gold’s remarkable breakout surge, but they are starting to pay attention, rekindling gold-stock outperformance.
