Northwire Canada EditionSunday, November 8, 2026
Northwire
⌕
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%
Regulatory

St. Augustine Announces Late Filing of Annual Financial Disclosure

SAU · Price

Executive Summary

  • St. Augustine Gold and Copper Limited (TSX: SAU) announces a delay in the filing of its audited annual financial statements, MD&A, and CEO/CFO certifications for the fiscal year ended December 31, 2025, resulting in a default of National Instrument 51-102 Continuous Disclosure Obligations.
  • The delay is attributed to the auditor requiring additional time to complete the accounting assessment of certain financial instruments issued during the most recent financial year.
  • The Corporation has applied to the Ontario Securities Commission for a Management Cease Trade Order (MCTO) to restrict trading by management, with an expected filing date for the required documents on or prior to April 21, 2026.

Key Details

  • Filing Deadline Missed: The required filings (audited annual financial statements, MD&A, CEO and CFO certifications) were due on March 30, 2026, but will be delayed.
  • Reason for Delay: The Corporation's auditor, Davidson & Company LLP, requires more time to complete the audit, specifically regarding the accounting assessment of certain financial instruments issued by the Corporation during the year ended December 31, 2025.
  • Regulatory Action: An application has been made to the Ontario Securities Commission (OSC) for a Management Cease Trade Order (MCTO).
    • The MCTO would restrict all trading in securities of the Corporation by management (insiders).
    • It does not generally affect the ability of non-insider shareholders to trade.
    • There is no certainty that the MCTO will be granted.
  • Remediation Timeline: The Corporation expects to file the Required Filings on or prior to April 21, 2026.
  • Compliance Measures: The Corporation intends to satisfy the provisions of the alternate information guidelines of Section 10 of National Policy 12-203 Management Cease Trade Orders while in default.
  • Financial Status: The Corporation confirms there are no insolvency proceedings against it as of the date of the release.
  • Disclosure Status: The Corporation confirms there is no other material information concerning its affairs that has not been generally disclosed.

Notable Quotes

  • "The delay in the completion of the Required Filings is as a result of additional time required by the Corporation's auditor to complete the accounting assessment of certain financial instruments issued by the Corporation during its most recent financial year."
  • "The Corporation confirms that there are no insolvency proceedings against it as of the date of this press release."
Read the original news release →

More from St. Augustine Gold and Copper Limited