7 Mar 2024substantial holder notice● Neutral
Peter Chapman reported a GOLDRICH MINING CO shareholding of 21,111,111 shares (9.99% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Dec 2023capital raising announcement▼ Bad
On December 20, 2023 Goldrich closed a $220,000 private placement of 14,666,666 common shares to two investors at $0.015 per share. This is new dilution at a price below the earlier $0.03 levels, continuing the pattern of small equity raises; the filing does not say how the money will be used.
What it means for a shareholder
14.7m new shares at US$0.015 to raise about US$220,000. That's 6.9% dilution: every existing holder's slice gets 6.9% smaller. If you held US$1,000 of shares (66,667 at the issue price), your slice goes from 0.0339% to 0.0316% of the company. To keep it you'd need 4,974 more shares - about US$75 at the issue price.
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26 Dec 2023securities registration● Neutral
GOLDRICH MINING CO filed notice of an exempt private placement.
21 Dec 2023substantial holder notice● Neutral
Peter Chapman disclosed a new substantial GOLDRICH MINING CO shareholding (9.99% of votes).
13 Nov 2023quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $369 thousand for the period ended 2023-09-30.
6 Apr 2023material agreement▲ GoodMajor
On March 31, 2023 Goldrich signed a settlement with NyacAU, Dr. James and related entities that ends the arbitration and court disputes begun in 2017, conditional on Goldrich paying NyacAU $105,000 by April 30, 2023. It supersedes prior agreements except NyacAU's security for repaying 50% of LOC1, and the filing says GNP was formally dissolved in 2019 and is still winding up. A separate option lets Goldrich or a designee take over the placer mining permits, camp and equipment by giving notice by April 30, 2024 and paying $1,000,000 into escrow, assuming reclamation liability; NyacAU would then get production payments of at least 5% after the first 5,000 oz, up to the greater of $8.5M or 4,860 oz, with a minimum annual payment of $120,000 or 68 oz. This resolves the long-running JV dispute thread; whether the option is exercised is open.
5 Jan 2023security holder rights change● Neutral
On December 20, 2022 the board extended the expiry of all Class R and Class T warrants by one year; they had been due to expire between December 22, 2022 and October 31, 2024. All other terms are unchanged. This keeps the warrants alive longer, so any future exercise would still add shares.
21 Nov 2022quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $328 thousand for the period ended 2022-09-30.
14 Nov 2022late filing notice▼ Bad
GOLDRICH MINING CO notified the SEC that its quarterly report would be filed late.
9 Nov 2022quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $328 thousand for the period ended 2022-09-30.
25 Oct 2022quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $328 thousand for the period ended 2022-09-30.
16 May 2022late filing notice▼ Bad
GOLDRICH MINING CO notified the SEC that its quarterly report would be filed late.
19 Apr 2022security holder rights change● Neutral
On April 13, 2022 Goldrich cut the exercise price of 7,777,778 Class R warrants from $0.045 to $0.03 per share. They are held by director Nicholas Gallagher, a related party, and expire in September to December 2023. The agreement says the purpose is to induce him to exercise them, which would bring in cash and add shares; no exercise is reported here.
15 Feb 2022substantial holder notice● Neutral
Christopher R. Johnson, Randall L. Johnson reported a GOLDRICH MINING CO shareholding of 10,281,427 shares (6.10% of votes) in a periodic institutional filing.
22 Nov 2021quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $388 thousand for the period ended 2021-09-30.
15 Nov 2021late filing notice▼ Bad
GOLDRICH MINING CO notified the SEC that its quarterly report would be filed late.
16 Aug 2021quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $435 thousand for the period ended 2021-06-30.
8 July 2021director interest notice● Neutral
GOLDRICH MINING CO director Nicholas Gallagher sold 4,624,969 shares.
17 June 2021resource reserve update▲ GoodMajor
The Initial Assessment ordered in July 2020 was released: at a $1,650 gold price it shows an after-tax value (5% discount) of $64 million, a 139% internal rate of return, $72 million total after-tax cash flow, all-in sustaining costs of $799/oz, a 1.3-year payback and a 7-year initial mine life. It gives the first Measured and Indicated placer resource of 138,000 raw oz (120,000 fine) plus 19,000 raw oz Inferred, at Little Squaw Creek; capital cost is estimated at $25.6 million. These are preliminary study figures, not reserves, and the filing does not say how the capital would be funded.
24 May 2021quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $481 thousand for the period ended 2021-03-31.
17 May 2021late filing notice▼ Bad
GOLDRICH MINING CO notified the SEC that its quarterly report would be filed late.
31 Mar 2021late filing notice▼ Bad
GOLDRICH MINING CO notified the SEC that its annual report would be filed late.
18 Mar 2021director interest notice● Neutral
GOLDRICH MINING CO director Nicholas Gallagher sold 3,333,333 shares.
16 Feb 2021director interest notice● Neutral
GOLDRICH MINING CO director Nicholas Gallagher acquired 11,265,055 shares and disposed of 14,633,333 in a set of related equity transactions.
16 Feb 2021director interest notice● Neutral
GOLDRICH MINING CO director Nicholas Gallagher sold 7,500,000 shares.
16 Feb 2021substantial holder notice● Neutral
Christopher R. Johnson, Randall L. Johnson reported a GOLDRICH MINING CO shareholding of 10,509,769 shares (6.26% of votes) in a periodic institutional filing.
16 Feb 2021director interest notice● Neutral
GOLDRICH MINING CO director Nicholas Gallagher sold 1,000,000 shares at $0.03.
12 Feb 2021director interest notice● Neutral
GOLDRICH MINING CO CEO William V Schara bought 6,000,000 shares on the open market.
12 Feb 2021director interest notice● Neutral
GOLDRICH MINING CO CFO Ted Riley Sharp bought 1,000,000 shares on the open market.
4 Nov 2020quarterly activities report▼ Bad
GOLDRICH MINING CO reported a quarterly net loss of $536 thousand for the period ended 2020-09-30.