20 Sept 2024listing compliance notice▼ BadMajor
Timberline Resources Corp deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2024business combination▲ GoodMajor
Timberline's merger into McEwen Mining closed after shareholders approved it at a special meeting - Timberline became a wholly owned McEwen subsidiary, each Timberline share converting into 0.01 McEwen shares. This closes out Timberline's story as an independent public company, culminating a run that began as a small Idaho gold explorer in the mid-2000s, survived a 2016 NYSE delisting and the 2018 loss of its Talapoosa flagship project, and ended being absorbed by the same major miner it had once partnered with on Elder Creek.
9 Aug 2024quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $298 thousand for the period ended 2024-06-30.
15 May 2024quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $325 thousand for the period ended 2024-03-31.
16 Apr 2024business combination▲ GoodMajor
Timberline agreed to be acquired by McEwen Mining - its former Elder Creek joint-venture partner - in an all-stock merger at a 0.01 exchange ratio (100 Timberline shares per McEwen share), with Timberline's board unanimously recommending the deal to shareholders. This would end Timberline's run as an independent public company after nearly two decades, folding its Eureka gold project and other Nevada assets into McEwen.
15 Mar 2024director interest notice● Neutral
Timberline Resources Corp insider Crescat Portfolio Management LLC bought 5,000,000 shares on the open market.
15 Mar 2024director interest notice● Neutral
Timberline Resources Corp insider Crescat Portfolio Management LLC bought 34,743 shares on the open market at $0.00.
15 Mar 2024director interest notice● Neutral
Timberline Resources Corp insider Crescat Portfolio Management LLC bought 157,200 shares on the open market.
15 Mar 2024substantial holder notice● Neutral
Crescat Portfolio Management LLC, Crescat Precious Metals Master Fund Ltd, Crescat Institutional Commodity Master Fund Ltd, Crescat Global Macro Master Fund Ltd, Crescat Institutional Macro Master Fund Ltd, Crescat Long/Short Master Fund Ltd, Kevin and Linda Smith Living Trust dtd, Kevin C. Smith reported a Timberline Resources Corp shareholding of 30,955,577 shares (15.90% of votes) in a periodic institutional filing.
15 Mar 2024director interest notice● Neutral
Timberline Resources Corp insider Crescat Portfolio Management LLC bought 6,000,002 shares on the open market.
13 Feb 2024quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $232 thousand for the period ended 2023-12-31.
2 Jan 2024late filing notice▼ Bad
Timberline Resources Corp notified the SEC that its annual report would be filed late.
28 Dec 2023capital raising announcement● Neutral
Timberline increased and then closed its $0.04-unit private placement as an oversubscribed offering, issuing 15.75 million units for roughly $630,000 - its last capital raise as an independent company before the McEwen Mining merger was announced four months later.
20 Dec 2023capital raising announcement▼ Bad
Timberline launched another private placement, this time for just $600,000 at $0.04/unit - its lowest financing price on record, underscoring how much its share price had fallen by late 2023 despite the ongoing positive Eureka exploration results.
15 Nov 2023resource reserve update▲ Good
Timberline issued a further updated mineral resource estimate at Eureka, this one under the NI 43-101 Canadian standard, continuing to refresh the project's resource base for both US and Canadian investors.
8 Sept 2023director interest notice● Neutral
Jupiter Investment Management LTD became a Timberline Resources Corp 10%+ owner and company insider (initial ownership filing).
7 Sept 2023capital raising announcement● Neutral
Timberline closed the first tranche of its $0.05-unit placement, raising about $728,500, led by orders from Jupiter Gold & Silver Fund ($500,000) and Crescat Capital ($200,000) - specialist gold-sector institutional investors backing the raise even at depressed pricing.
31 Aug 2023substantial holder notice● Neutral
Jupiter Investment Management Limited, Jupiter Gold & Silver Fund reported a Timberline Resources Corp shareholding of 30,933,705 shares (17.71% of votes) in a periodic institutional filing.
22 Aug 2023capital raising announcement▼ Bad
Timberline launched a $1 million private placement at just $0.05/unit - continued financing at a much-reduced share price as the broader junior gold market cooled further.
11 Aug 2023quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $394 thousand for the period ended 2023-06-30.
14 July 2023resource reserve update▲ Good
Timberline announced an updated mineral resource estimate at Eureka under SEC's newer S-K 1300 reporting standard, continuing to build out the resource base at its core Nevada project.
8 May 2023quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $384 thousand for the period ended 2023-03-31.
27 Apr 2023capital raising announcement▼ Bad
Timberline filed for TSX Venture Exchange approval of a private placement targeting up to $3 million at $0.08/unit - a much lower price than the 2022 raises, reflecting a cooling in gold-exploration financing conditions.
21 Apr 2023director interest notice● Neutral
Timberline Resources Corp VP Corporate Development Donald James Mcdowell sold 513,000 shares.
3 Apr 2023director interest notice● Neutral
Timberline Resources Corp VP Corporate Development Donald James Mcdowell sold 475,000 shares.
9 Feb 2023quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $882 thousand for the period ended 2022-12-31.
22 Nov 2022substantial holder notice● Neutral
Jupiter Investment Management Limited, Jupiter Gold & Silver Fund disclosed a new substantial Timberline Resources Corp shareholding (9.98% of votes).
14 Sept 2022drilling result▲ Good
Timberline reported a strong drill intercept at Eureka - 22.8 metres at 4.29 g/t gold in a southern extension of the Water Well zone - continued positive exploration results on its now wholly-owned flagship project.
15 Aug 2022quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $1.5 million for the period ended 2022-06-30.
8 Aug 2022director interest notice● Neutral
Timberline Resources Corp director William Fuller Matlack sold 65,500 shares at $0.19.