Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings Routine −

Tiger Gold Corp. Announces Upsize of Offering Special Warrants to $18,000,000

Tiger Gold Upsizes Financing Amidst Dilution Concerns as Exploration Momentum Continues

By The Northwire Desk — AI Analysis May 20, 2026 · 20:47 TIGR · 0.79 Tiger Gold Corp.
Executive Summary
  • Financing Upsize: Tiger Gold Corp. increased its special warrant offering from C$15 million to C$18 million on May 20, 2026.
  • Offering Terms: Priced at C$0.82 per Special Warrant; closing expected June 10, 2026.
  • Use of Proceeds: Funds designated to accelerate drilling at the Ceibal target with a goal to complete a Maiden Resource estimate by end of 2026.
  • Warrant Structure: Each unit upon exercise consists of one common share and one-half warrant; warrants exercisable at C$1.20 for 36 months post-closing.
  • Agent Commission: SCP Resource Finance LP acting as lead agent with standard junior mining financing fees (6% cash + 2% compensation warrants).
  • Over-Allotment: Agents have option to sell additional warrants for up to C$5 million in gross proceeds.
Material Impact
  • Dilution Impact: The upsizing from $15M to $18M increases the equity dilution burden on existing shareholders. While demand appears strong enough to support an upsizing, the immediate market reaction was negative (price dropped from C$0.88 to C$0.79).
  • Strategic Alignment: The capital raise directly supports the stated goal of a Maiden Resource at Ceibal by year-end 2026, aligning with previous drilling results that showed broad mineralization (e.g., CEDDH-009: 226m @ 0.6 g/t Au).
  • Market Sentiment: The stock price decline suggests investors are prioritizing the immediate dilution cost over the long-term exploration potential, or view the warrant terms (C$1.20 exercise vs C$0.79 share price) as insufficient upside to offset the offering size.
  • Routine Nature: This follows a previously announced financing on May 19, making it an incremental update rather than a new strategic pivot. It is classified as routine capital formation for a junior explorer in the pre-resource definition phase.
TIGR · Price
Company Overview
  • Project: Quinchía Gold Project in Colombia's Mid-Cauca gold belt.
  • Flagship Assets:
    • Tesorito Deposit: Inferred resource of 104 Mt @ 0.47 g/t Au (1.57 Moz). Recent drilling has identified potential feeder zones and extensions below the conceptual pit shell.
    • Miraflores Deposit: Measured + Indicated resource of 6.1 Mt @ 2.62 g/t Au (0.51 Moz). High-grade underground target.
    • Ceibal Target: High-priority exploration target with recent step-out results showing broad mineralization (e.g., 226m @ 0.6 g/t Au). Goal is Maiden Resource by end of 2026.
  • PEA Economics: Preliminary Economic Assessment shows post-tax NPV (5%) of US$534 million at $2,650/oz Au with an IRR of 21.3%.
Read the original news release →

More from Tiger Gold Corp.

Oct 29, 2026 · 08:01

Tiger confirms long low-grade mineralisation at Ceibal, with grade and step-out results still pending.

Drill Results Oct 19, 2026 · 08:31

Tiger expands the Ceibal corridor length with a consistent 0.5 g/t grade, adding strike without increasing the gold concentration.

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Tiger awaits 19 Tesorito drill results ahead of its Q1 2027 mineral resource estimate, which serves as the primary catalyst for the project.

Drill Results Sep 22, 2026 · 06:01

Tiger Gold Drills 342 m @ 0.5 g/t Au and 333.6 m @ 0.5 g/t Au at Tesorito

Drill Results Sep 15, 2026 · 05:01

Tiger reports its highest grade intercept at Ceibal, though true width and continuity remain unresolved for this offset infill hole.

Drill Results Aug 18, 2026 · 08:01

Tiger’s Ceibal step-out extends the northwest corridor, though edge holes indicate narrowing and an ambiguous target zone.

Drill Results