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Revival Gold Acquires Ensign Minerals 'To Become A Cash-Flowing Mid-Tier US Gold Producer'

Revival Gold Acquires Ensign Minerals 'To Become A Cash-Flowing Mid-Tier US Gold Producer'

Revival Gold 收购 Ensign Minerals “成为现金流动的美国中端黄金生产商”
Benzinga ·  04/11 08:48

Revival Gold ((OTCQX: RVLGF)) has finalized an all-stock deal worth $21.9 million to acquire Ensign Minerals, a privately held exploration company. This acquisition marks Revival's second gold asset in the United States, solidifying its foothold in the North American gold market at times of high demand for gold, particularly in safe jurisdictions.

Revival Gold(场外交易代码:RVLGF))已经完成了一项价值2190万美元的全股交易,以收购私人控股的勘探公司Ensign Minerals。此次收购标志着Revival在美国的第二笔黄金资产,在黄金需求旺盛的时期,尤其是在安全的司法管辖区,巩固了其在北美黄金市场的立足点。

"Ensign is pleased to join with Revival Gold to deliver value for our respective shareholders in gold. The combined company will feature veteran industry leadership, synergistic and complementary gold assets, and a credible business plan to become a cash-flowing mid-tier U.S. gold producer," said Ensign's Chairman and Director, John Knowles.

“Ensign很高兴加入Revival Gold,为我们各自的股东创造黄金价值。Ensign董事长兼董事约翰·诺尔斯说,合并后的公司将以资深的行业领导地位、协同和互补的黄金资产以及成为现金流动的美国中端黄金生产商的可靠商业计划为特色。

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Ensign Minerals' flagship Mercur project in Utah's Oquirrh Mountains region boasts significant gold resources. With an inferred resource totaling 89.6 million tons grading 0.57 grams per ton of gold, it holds approximately 1.6 million ounces of contained gold. This estimate, primarily based on work by previous owners on mostly private land, significantly expands Revival's gold resource base to a combined total of 3.8 million ounces inferred, adding to the 2.4 million ounces of measured and indicated resources at Beartrack-Arnett.

Ensign Minerals在犹他州奥奎尔山脉地区的旗舰Mercur项目拥有丰富的黄金资源。推断资源总量为8,960万吨,品位为每吨黄金0.57克,其中含有约160万盎司的黄金。这一估计主要基于先前所有者在主要是私人土地上的工作,极大地扩大了Revival的黄金资源基础,推断的总金量为380万盎司,再加上Beartrack-Arnett的240万盎司测定和指示资源。

"With the addition of Mercur, we expect to shorten our estimated timeline to heap leach gold production while increasing the potential production scale of Revival Gold's heap leach gold business to approximately 150,000 ounces per year," stated Revival CEO Hugh Agro.

Revival首席执行官休·阿格罗表示:“随着Mercur的加入,我们预计将缩短堆浸金产量的预计时间表,同时将Revival Gold的堆浸黄金业务的潜在生产规模提高到每年约15万盎司。”

The acquisition will see Revival issue 61.4 million shares, significantly increasing its outstanding shares. Upon completion, current Revival Gold shareholders will own 65% of the new entity, with former Ensign holders owning the remaining 35%.

此次收购将使Revival发行6140万股股票,大幅增加其已发行股份。建成后,目前的Revival Gold股东将拥有新实体65%的股份,前Ensign持有人将拥有其余35%的股份。

Historically, the Mercur district has seen significant gold production, with about 2.6 million ounces mined, including substantial contributions from Getty Oil Company and Barrick Gold (NYSE:GOLD) between 1983 and 1998. While low gold prices at the time forced the mine's closure, the gold's strong performance prompted revisiting of old sites similar to uranium production.

从历史上看,默库尔地区的黄金产量一直很高,开采了约260万盎司,其中包括盖蒂石油公司和巴里克黄金(纽约证券交易所代码:GOLD)在1983年至1998年间的大量捐款。尽管当时的低金价迫使该矿关闭,但黄金的强劲表现促使人们重新审视与铀生产类似的旧址。

Recently, Ensign's efforts expanded Mercur's project area to cover 62.6 square kilometers, presenting opportunities for exploration and development. Now, Revival Gold can focus on advancing metallurgy, optimizing geological models, and potentially conducting a preliminary economic assessment (PEA) at the site over the next 6–12 months.

最近,Ensign的努力将Mercur的项目面积扩大到62.6平方千米,为勘探和开发提供了机会。现在,Revival Gold可以专注于推进冶金、优化地质模型,并有可能在未来6至12个月内对该场地进行初步经济评估(PEA)。

With regional proximity offering new synergies, millions in equity financing and existing cash balances, and opportunistic growth potential, this merger is set to create a solid gold producer at a time when yellow metal shines the brightest.

由于邻近的区域性带来了新的协同效应,数百万美元的股权融资和现有现金余额以及机会主义的增长潜力,此次合并将在黄金最耀眼的时刻创造一个纯金生产商。

Benzinga Mining is the bridge between mining companies and retail investors. Reach out to licensing@benzinga.com to get started!

本辛加矿业是矿业公司和散户投资者之间的桥梁。联系 licensing@benzinga.com 开始吧!

Also read: Fortuna Silver Mines Highlights Strong Q1 Gold, Silver Production Amid Precious Metal Surge

另请阅读:Fortuna Silver Mines强调在贵金属激增的情况下第一季度黄金和白银产量强劲

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