A2Gold has agreed to sell 100% of its Bolo Gold project in Nye County, Nevada, US, to Super Gold Mining. The project comprises 187 unpatented lode mining claims and the Uncle Sam claim. At closing, Super Gold will issue 3,750,000 common shares at a deemed value of C$0.40 each (C$1.5m, or $1.07m), replace about $198,500 in reclamation bonding and reimburse this year's claim maintenance fees. Further payments of up to C$2.8m ($2m) depend on future work: up to C$2.4m in cumulative resource milestone payments and C$400,000 if a qualifying Preliminary Economic Assessment (PEA) incorporates at least 200,000 gold-equivalent ounces. Super Gold must complete an initial NI 43-101 mineral resource estimate within two years and use commercially reasonable efforts to complete a Going Public Transaction within 12 months, failing which A2Gold is entitled to C$200,000 in cash. Closing is expected within the next few weeks, subject to conditions including replacement bonding and approval of the Plan of Operations transfer.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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