Das Spanische Berggold hat seine neue PEA veröffentlicht. Beim jetzigen Goldpreis sieht das alles nicht schlecht aus. Kritisch sehe ich aber die hohe Capex von 1.25 Milliarden CAD (!). Und an den tief angesetzten AISC habe ich meine grossen Zweifel. Die werden extrem viel Material bewegen müssen, das ist alles tiefgradig. Der Markt reagiert kaum.

Intial capex von knapp 1 Milliarde $US für eine Produktion von 120.000 Unzen Gold pro Jahr (wenn alles gut läuft wie geplant - was eigentlich nie der Fall ist). Low grade von weniger als 0,5 Gramm pro Tonne.

Sorry - das wird nix!

Eigenfinanzierung kann man vergessen - und kein grössere Goldproduzent der bei Sinnen ist wird diese Bude übernehmen.

Da gibt es genügend bessere Projekte.

Zumindest die aktuelle Finanzierung hat funktioniert - da sollte sich zumindest ein bißchen was bewegen...

Spanish Mountain Gold Announces Closing of C$7.2 Million Brokered Private Placement

18:59 Uhr | Business Wire
[Blockierte Grafik: https://www.goldseiten.de/bilder/minen/logos/491.jpg]

Not for distribution to United States Newswire Services or for dissemination in the United States

Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTC: SPAUF) is pleased to announce that further to its press releases dated August 7 and August 11, 2025, the Company has closed its previously announced brokered private placement (the "Offering") for aggregate gross proceeds of approximately C$7,199,968, which includes the proceeds from the exercise of the agent's option. Pursuant to the Offering, the Company sold (i) 20,690,087 units of the Company (each, a "Unit") at a price of C$0.145 per Unit (the "Unit Price"), (ii) 7,121,850 flow-through share units of the Company (each, a "FT Unit") at a price of C$0.165 per FT Unit, and (iii) 15,124,000 flow-through share units of the Company sold to charitable purchasers (each, a "Charity FT Unit", and together with the FT Units and Units, the "Offered Securities") at a price of C$0.20 per Charity FT Unit.

Red Cloud Securities Inc. ("Red Cloud") acted as sole agent and bookrunner in connection with the Offering.

Each Unit consists of one (1) common share in the capital of the Company (each, a "Common Share") and one (1) Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one (1) additional Common Share (each, a "Warrant Share") at a price of C$0.22 per Warrant Share at any time on or before August 27, 2028. Each FT Unit consists of one (1) Common Share to be issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one Common Share purchase warrant (each whole warrant, a "FT Unit Warrant"). Each FT Unit Warrant entitles the holder thereof to acquire one (1) additional Common Share to be issued on a non-flow-through basis (a "FT Unit Warrant Share") at a price of C$0.22 per FT Unit Warrant Share at any time on or before August 27, 2028. Each Charity FT Unit consists of one FT Share and one Warrant