Northwire Canada EditionThursday, November 12, 2026
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Gold 3,890.00 −2.8% Silver 50.07 −3.7% Copper 6.19 −1.6% Oil 88.93 +2.8% Palladium 994.25 −5.0% BGF 0.025 +0.0% TDG 0.770 +57.1% PRU 6.07 −3.6% NGEX 21.21 −4.3% TWO 0.340 −8.1% BIG 1.05 +10.5% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.350 −2.8% Gold 3,890.00 −2.8% Silver 50.07 −3.7% Copper 6.19 −1.6% Oil 88.93 +2.8% Palladium 994.25 −5.0% BGF 0.025 +0.0% TDG 0.770 +57.1% PRU 6.07 −3.6% NGEX 21.21 −4.3% TWO 0.340 −8.1% BIG 1.05 +10.5% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.350 −2.8%
M&A / Property

Westhaven Gold mails special meeting materials

WHN · Price

Executive Summary

  • Westhaven Gold Corp. has announced that materials for a special meeting of shareholders, scheduled for February 17, 2026, are now available.
  • The primary agenda item is a shareholder vote to approve an earn-in and joint venture agreement with Dundee Corp.
  • Under the agreement, Westhaven will dispose of an up-to-60% interest in its Shovelnose, Prospect Valley, Skoonka, and Skoonka North gold projects to Dundee Corp.

Key Details

  • Transaction Structure: Earn-in and joint venture agreement between Westhaven Gold Corp. and Dundee Corp.
  • Assets Involved: Up-to-60% interest in the Shovelnose gold project, Prospect Valley gold project, Skoonka gold project, and Skoonka North project.
  • Meeting Date: February 17, 2026, at 10 a.m. Vancouver time.
  • Meeting Location: 1133 Melville St., Suite 3500, The Stack, Vancouver, B.C., V6E 4E5.
  • Record Date: December 30, 2025.
  • Proxy Voting Deadline: 10 a.m. Vancouver time on February 12, 2026.
  • Board Recommendation: The board of directors unanimously recommends that shareholders vote for the transaction resolution.
  • Project Context (Shovelnose): The Shovelnose project is the most advanced property, featuring a 2025 preliminary economic assessment (PEA) validating it as a low-cost, high-margin 11-year underground mining opportunity.
    • Production: Average annual life-of-mine production of 56,000 ounces of gold and 313,000 ounces of silver.
    • Valuation: $454-million (Canadian) after-tax net present value (at a 6% discount rate) and a 43.2% internal rate of return (IRR).
    • Base Case Parameters: $2,400 (U.S.) per ounce gold, $28 (U.S.) per ounce silver, and a CAD/USD exchange rate of 0.72.

Notable Quotes

  • "The board of directors of Westhaven unanimously recommends that shareholders vote for the transaction resolution."
Read the original news release →

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