Northwire Canada EditionSunday, November 8, 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

GOLD CANDLE COMPLETES ACQUISITION OF FOKUS MINING

Fokus Mining Acquired by Gold Candle in All-Cash Deal, Shares Delist

Executive Summary
  • Gold Candle Ltd. completed the acquisition of Fokus Mining Corporation via a statutory plan of arrangement on April 22, 2026.
  • The transaction valued Fokus at approximately $63 million with an all-cash consideration of $0.26 per share.
  • Concurrently, Gold Candle raised $65 million in gross proceeds through a private placement to fund the acquisition.
  • Fokus shares are delisted from TSX Venture Exchange, OTCQB, and Frankfurt Stock Exchange effective immediately following closing.
  • Fokus will cease being a reporting issuer in Alberta, British Columbia, and Quebec.
  • Previous milestones included shareholder approval (99.98% vote) on April 14, 2026, and interim court order on March 12, 2026.
Material Impact
  • The completion of the acquisition validates all prior announcements made since February 2026 regarding the deal structure and pricing.
  • There is no upside potential remaining for Fokus Mining shareholders post-closing as the entity is delisted; value was realized at the $0.26 offer price.
  • The market had fully priced in the transaction, evidenced by the stock trading consistently near the $0.25-$0.26 range from February 12 through April 21, leaving minimal arbitrage spread.
  • This news is categorized as Routine - Positive because it represents the successful execution of a previously disclosed and approved plan rather than new, unexpected information.
FKM · Price
Company Overview
  • Flagship Project: Galloway Project located along the Cadillac-Larder Lake Fault in Abitibi, Quebec.
  • Resource Base: NI 43-101 inferred resource of 1.42 million ounces at 1.07 g/t Au (as of Feb 2026).
  • Land Package: Expanded to approximately 15,988 hectares following the Dufay Property acquisition completion in April 2026.
  • Strategic Location: Adjacent to major gold systems including Agnico Eagle's Wasamac and Gold Candle's Kerr-Addison projects.
  • Status: Exploration stage with high-grade historic drill intercepts (e.g., 51.13 g/t Au over 5m).
Read the original news release →

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