Artemis Gold

Artemis Gold (TSXV: ARTG) has agreed to acquire Vista Gold (TSX: VGZ | NYSE American: VGZ) in a US$427 million share transaction, adding the advanced-stage Mt Todd gold project in Australia’s Northern Territory. The project contains 5.2 million ounces of Proven and Probable gold reserves and 9.1 million ounces of Measured and Indicated resources. The acquisition values Vista Gold at approximately US$73 per ounce of reserves and supports Artemis Gold’s longer-term objective of exceeding one million ounces of annual gold production. The transaction offers Vista Gold shareholders a 25% premium and is expected to close in early 2027. [more]

Top deals closing this month included Osisko Mining receiving $177M and Lundin Gold closing C$57.5 million, both from bought-deal financings. Artemis Gold expects to raise $175 million from a bought-deal agreement with a syndicate of underwriters as well as a non-brokered offering. [more]