Coeur Mining is Buying Corvus Gold Inc. (OTCMKTS:CORVF) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Corvus Gold Inc. (OTCMKTS:CORVF) reported that Coeur Mining, Inc. has picked up 6,200,000 of common stock as of 2017-07-14.

The acquisition brings the aggregate amount owned by Coeur Mining, Inc. to a total of 6,200,000 representing a 6.23% stake in the company.

For those not familiar with the company, Corvus Gold is a junior exploration and development gold company led by an experienced management team that holds a large equity stake. The Company’s main focus and efforts is in the advancement of its 100% owned North Bullfrog project – a new Nevada gold discovery.

A glance at Corvus Gold Inc. (OTCMKTS:CORVF)’s key stats reveals a current market capitalization of $62.56 Million based on $93.37 Million shares outstanding and a price at last close of $0.675 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-07-13, Mai picked up 500 at a purchase price of $0.97. This brings their total holding to 5,500 as of the date of the filing.

On the sell side, the most recent transaction saw Yarrow, unload 5,800 shares at a sale price of $0.82. This brings their total holding to 150,000.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Corvus Gold Inc. (OTCMKTS:CORVF) as things move forward to see if its progress aligns with these transactions.

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