12 Sept 2012late filing notice▼ Bad
Santa Fe Gold CORP notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Aug 2012director interest notice● Neutral
Michael Paul Martinez became a Santa Fe Gold CORP CFO and Treasurer and company insider (initial ownership filing).
24 Aug 2012director interest notice● Neutral
Erich Hofer became a Santa Fe Gold CORP director and company insider (initial ownership filing).
23 Aug 2012director interest notice● Neutral
John Lester White became a Santa Fe Gold CORP VICE PRESIDENT OPERATIONS and company insider (initial ownership filing).
23 Aug 2012director interest notice● Neutral
Ryan Pierce Carson became a Santa Fe Gold CORP Secretary & Assistant Tresurer and company insider (initial ownership filing).
1 Aug 2012securities registration● Neutral
Santa Fe Gold CORP filed a prospectus supplement for an offering off its existing shelf.
6 July 2012securities registration● Neutral
Santa Fe Gold CORP filed a prospectus supplement for an offering off its existing shelf.
21 June 2012securities registration● Neutral
Santa Fe Gold CORP filed a prospectus supplement for an offering off its existing shelf.
21 June 2012material agreement● NeutralMajor
On June 20, 2012 Santa Fe signed an equity line with Glengrove Small Cap Value, which committed to buy up to $15.0 million of new shares over about 24 months at Santa Fe's choice, at a 5.0% to 5.5% discount to market. Santa Fe agreed to issue 666,666 shares to Glengrove on signing, so existing shareholders face dilution as the line is used.
25 May 2012material agreement● NeutralMajor
On May 22, 2012 Santa Fe Gold and Ortiz Mines settled the lawsuit over the termination of Santa Fe's lease on about 66 square miles of the Ortiz Mine Grant. Santa Fe agreed to spend at least $500,000 by November 22, 2012 and at least $1 million in total by May 22, 2013 on project work programs.
9 May 2012quarterly activities report● Neutral
Santa Fe Gold CORP reported quarterly revenue of $3.3 million and net income of $536 thousand for the period ended 2012-03-31.
8 Feb 2012quarterly activities report▼ Bad
Santa Fe Gold CORP reported quarterly revenue of $1.9 million and a net loss of $2.7 million for the period ended 2011-12-31.
12 Jan 2012director interest notice● Neutral
Santa Fe Gold CORP director W Pierce Carson received a stock option grant for 150,000 shares.
9 Jan 2012director interest notice● Neutral
Santa Fe Gold CORP director Lawrence G Olson received a stock option grant for 75,000 shares.
9 Jan 2012business combination▲ GoodMajor
On December 15, 2011 Santa Fe Gold signed a definitive Arrangement Agreement to buy Columbus Silver for Cdn $0.20 per share in cash (about $10 million), aiming to close by March 31, 2012 and no later than May 31, 2012. On January 5, 2012 it said the Waterton second tranche satisfies the financing condition; shareholder and regulatory approvals remain. This turns the September memorandum into a binding agreement and resolves the funding condition.
9 Jan 2012director interest notice● Neutral
Santa Fe Gold CORP director John E. Frost received a stock option grant for 75,000 shares.
3 Jan 2012substantial holder notice● Neutral
SULANE HOLDINGS INC disclosed a new substantial Santa Fe Gold CORP shareholding (15.80% of votes).
30 Dec 2011capital raising announcement● NeutralMajor
On December 23, 2011 Santa Fe Gold signed a Waterton credit agreement: two $10 million tranches plus a $5 million revolver, 9% coupon, 30-month term. The first $10 million closed, with $5 million used to retire the Victory Park loan. Summit gold and silver (and Mogollon, if Columbus closes) must be sold to Waterton, and Sandstorm's security was subordinated. Separately, Sulane converted its $13.5 million debenture into 13,500,000 shares at $1.00, removing that debt but greatly increasing the share count. This resolves the Victory Park loan and Sulane debenture.
29 Dec 2011director interest notice● Neutral
Santa Fe Gold CORP director Lawrence G Olson bought 300,000 shares on the open market at $0.91.
9 Nov 2011quarterly activities report● Neutral
Santa Fe Gold CORP reported quarterly revenue of $2.6 million and net income of $703 thousand for the period ended 2011-09-30.
7 Sept 2011business combination● NeutralMajor
On September 6, 2011 Santa Fe Gold signed a new memorandum with Columbus Silver replacing the share-swap terms with a cash offer of Cdn $0.20 per share (about Cdn $9,977,285). It will provide bridge financing of $513,716 through December 2011. Columbus can terminate if Santa Fe has not secured firm funding by November 30, 2011. This changes the earlier share-exchange structure, so no new Santa Fe shares are needed for it.
2 Sept 2011material agreement termination▼ BadMajor
Santa Fe Gold sued Ortiz Mines in federal court after Ortiz purported to terminate the Ortiz Mine Grant lease (about 90 square miles) and demanded more money to let it continue. Santa Fe says it paid all lease payments (over $750,000 to date) and obtained a dry-mining general permit on August 19, 2011, and intends to vigorously pursue the claim. This puts the Ortiz gold project at risk.
9 Aug 2011material agreement▼ BadMajor
On August 2, 2011 Santa Fe Gold closed a $5 million senior secured loan from Victory Park Capital, netting $4,555,000. It carries 15% interest, matures in six months, and is secured by substantially all assets except the Ortiz project; equity raised above $5.0 million must repay it. Sulane and Sandstorm subordinated their security, and 500,000 warrants at $1.00 were issued. This expensive short-term debt now ranks ahead of the Sulane debenture and Sandstorm.
1 June 2011agm notice● Neutral
Santa Fe Gold CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
10 May 2011quarterly activities report● Neutral
Santa Fe Gold CORP reported quarterly revenue of $2.9 million and net income of $3.4 million for the period ended 2011-03-31.
6 May 2011business combination● Neutral
Santa Fe Gold said in an April 25, 2011 news release that it is still trying to get British Columbia and Ontario cease trade orders (issued in 2003) revoked, and that both companies remain committed to the Columbus Silver deal. The April 30 closing target mentioned earlier was not met; no new date is given.
9 Mar 2011director interest notice● Neutral
Santa Fe Gold CORP director Lawrence G Olson bought 100,000 shares on the open market at $0.91.
9 Feb 2011quarterly activities report▼ Bad
Santa Fe Gold CORP reported quarterly revenue of $473 thousand and a net loss of $5.5 million for the period ended 2010-12-31.
1 Feb 2011business combination● Neutral
On January 27, 2011 Santa Fe Gold lent US$200,000 to Columbus Silver at 4% simple interest, due December 31, 2012, to cover costs through April 30, 2011, by which time the deal was expected to close. In return Columbus agreed to deal exclusively with Santa Fe until March 31, 2011. If the combination does not proceed, the loan may be repaid in Columbus stock.
5 Jan 2011material agreement● Neutral
Santa Fe Gold agreed to sell $2.0 million of units to three institutional investors via Rodman & Renshaw: 1,666,668 shares plus warrants for 833,334 shares at $1.50. Expected net proceeds are about $1,880,000, intended for Summit working capital, completing the Columbus Silver acquisition and the Ortiz project. It adds more shares and warrants, and repeats the 90-day bar on new issuance. (The filing's dates are internally inconsistent, mixing 2010 and 2011.)