Past year: ▼ 90%(0.00c – 0.10c USD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2006drilling result● Neutral
Aurora Gold reported rock-chip results from Sao Domingos, with gold up to 42.56 g/t and some samples also carrying copper and silver, and plans more mapping, sampling and airborne surveys ahead of drilling. It also decided not to follow up on the Novo Porto property or exercise its option to acquire it, so that option is being dropped.
17 Mar 2006drilling result▲ Good
Aurora Gold reported first rock-chip sample results from its Santa Isabel property (four gold readings from 7.50 to 24.99 g/t) and Ouro Mil (up to 3.00 g/t gold). It says it is negotiating with drill contractors, with drilling expected to begin in late March 2006. These are early surface samples, not drilling results, and the company has not yet drilled.
15 Feb 2006material agreement● NeutralMajor
Aurora Gold's wholly owned Brazilian subsidiary signed an option agreement on the Sao Domingos gold project in Para, Brazil, and has started early exploration with four target areas outlined. To earn 100% it must make cash payments totalling USD $1,026,000 between January 30, 2006 and December 30, 2008 (the last being USD $675,000), and the vendor keeps a 2.0% royalty that can be bought back for USD $500,000; the company can end the option at any time and owe no further payments.
15 Feb 2006material agreement● NeutralMajor
Aurora Gold's Brazilian subsidiary signed a second option agreement, on the Sao Joao gold project, about 20km west of Sao Domingos, and has started early exploration. To earn 100% it must pay USD $1,435,000 in instalments from April 12, 2006 to September 12, 2009 (the last being USD $1,250,000), with a 1.5% royalty to the vendor that can be bought back for USD $1,000,000; the company can terminate at any time without owing later payments.
8 Feb 2006auditor change● Neutral
Aurora Gold replaced its auditor, dismissing Moore Stephens Ellis Foster and hiring Peterson Sullivan PLLC in early 2006. The filing says there were no disagreements, and the old auditor's report was qualified only as to the company's ability to continue as a going concern.
7 Feb 2006material agreement● Neutral
In Feb 2006 Aurora Gold's Brazilian subsidiary signed option agreements for Nova Porto, Ouro Mil and Santa Isabel near Itaituba, Para, and said exploration had begun on each. Total payments to earn 100% are US$2,025,000 for Nova Porto, US$1,900,000 for Ouro Mil and US$1,765,000 for Santa Isabel, and each can be ended at any time without further payments. This adds Santa Isabel and restates the Nova Porto and Ouro Mil options announced in late 2005, with some different payment terms for Ouro Mil.
9 Nov 2005material agreement● NeutralMajor
In Nov 2005 Aurora Gold added option agreements on the Ouro Mil (about 10,000 ha) and Sao Domingo (about 5,000 ha) projects in the Tapajos province, Para, Brazil, extending its Nova Porto start. Each lets it earn 100%: Ouro Mil for US$1,912,000 in total with a 1.5% royalty, and Sao Domingo for US$2,300,000 with a 2% royalty. It can withdraw at any time. Sao Domingo is the project later central to the company's plans.
14 Oct 2005material agreement● NeutralMajor
In Oct 2005 Aurora Gold took an option on the Nova Porto project (two licences, about 34,000 hectares) in the Tapajos gold province, Para, Brazil, and began sampling. It can earn 100% through payments starting at US$25,000 in Nov 2005, leaving the vendors a 2% royalty. It can withdraw at any time, and total payments would be US$4,050,000 for both licences if it goes the full way. This is the company's start in Brazil's Tapajos region.
13 July 2005capital raising announcement● NeutralMajor
Aurora Gold raised US$650,000 by selling 13,000,000 shares at US$0.05 to non-affiliated offshore investors, closing July 13, 2005. This brings shares outstanding to 36,193,522, so existing holders are diluted.
What it means for a shareholder
13.0m new shares at US$0.050 to raise about US$650,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
24 Mar 2005material agreement termination● Neutral
In March 2005 Aurora Gold dropped its options with Full Metal Minerals on the Lucky Shot, Gunsite and Zackly properties in Alaska, which it had signed in Sept 2004. No reason or cost is given.
21 Mar 2005material agreement● NeutralMajor
In March 2005 Aurora Gold agreed with CCO Mineracao to buy 100% of the Matupa Gold Project in Mato Grosso, Brazil, for a total of US$3,350,000 over five and a half years, plus a 2.25% royalty on production. It can terminate on 30 days' notice. It also gave Neuer Kapital a 60-day right of first refusal to take over its interest, with Neuer paying US$50,000, 150,000 Neuer shares and reimbursement of costs and payments made to CCO. Neuer was said to expect to exercise it.
23 Sept 2004material agreement● Neutral
On Sept 20, 2004 Aurora Gold signed three letters of intent with Full Metal Minerals for options on Alaska properties: 60% of Lucky Shot (65 patented claims) and 70% each of Gunsite (21 claims) and Zackly (34 claims). The filing gives no prices or work commitments.
26 Feb 2001farm in farm out agreement▲ GoodMajor
In Feb 2001 Aurora Gold, through its subsidiary Aurora Metals (BVI), closed a deal with Billiton subsidiaries to fund zinc exploration on the Hammala and Kebbouch permits in northern Tunisia. Billiton bought $600,000 of units (857,143 at $0.70, each with a one-year $0.85 warrant) and can earn 51% by spending $1.0 million over two years, with a further option to reach 70%. Aurora Metals stays operator, and the Hammala permit is held under option from High Marsh Holdings, which carries a 2% royalty once vested.
