Midas Gold (MAX) has notable insider selling

Midas Gold (T:MAX)

Updated Monday Jan 25, 2021 02:44 AM EDT
Midas Gold Corp. (MAX) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. Arnold Brunk, a Director, disposed 100,000 Common Shares on a direct ownership basis at a price of $1.558 through the public market on January 20th, 2021. This represents a $155,800 divestment of the company's shares and an account share holdings change of -50.0%.

Midas Gold Corp. (Midas Gold) is an exploration-stage company, which is engaged in exploring and acquiring mining properties. The Company's principal business is the exploration and, if warranted, development of the Stibnite Gold Project. It operates through the segment, which includes mineral exploration the United States. Its focus is to explore, evaluate and develop over three of the deposits known as the Hanger Flats Deposit, West End Deposit and Yellow Pine Deposit, all of which are located within the Stibnite Gold Project. The Stibnite Gold Project is located in central Idaho, the United States, which lies approximately 100 miles northeast of Boise, Idaho, over 40 miles east of McCall, Idaho, and approximately 10 miles east of Yellow Pine, Idaho. Mineral rights controlled by Midas Gold include patented lode claims, patented mill site claims, unpatented federal lode claims, and unpatented federal mill site claims and consist of approximately 29,223 acres or over 50 square miles.

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