April 16, 2014 6:27 PM ET

Metals and Mining

Company Overview of Pacific Rim Mining Corporation

Company Overview

Pacific Rim Mining Corp., through its subsidiaries, acquires, explores, and develops precious metals properties, primarily gold and silver deposits in the Americas. It primarily holds interest in the El Dorado gold deposit comprising 3 exploration licenses covering an area of 14,407 hectares located in El Salvador. The company was founded in 1985 and is based in Vancouver, Canada. As of November 27, 2013, Pacific Rim Mining Corporation operates as a subsidiary of OceanaGold Corporation.

625 Howe Street

Suite 1050

Vancouver, BC V6C 2T6


Founded in 1985



Key Executives for Pacific Rim Mining Corporation

Chief Executive Officer
Age: 59
Chief Financial Officer
Age: 42
Chief Geologist
Vice President of Investor Relations and Corporate Secretary
Age: 48
Vice President of Administration
Age: 58
Compensation as of Fiscal Year 2013.

Pacific Rim Mining Corporation Key Developments

Pacific Rim Mining Corporation, Special/Extraordinary Shareholders Meeting, Nov 21, 2013

Pacific Rim Mining Corporation, Special/Extraordinary Shareholders Meeting, Nov 21, 2013., at 15:00 Pacific Standard Time. Location: DuMoulin Black LLP. Agenda: To consider and approve the plan of arrangement pursuant to Section 288 of the business corporations act; and to transact such other business as may properly be brought before the meeting or any adjournment thereof.

Pacific Rim Mining Corporation Reports Unaudited Consolidated Financial Results for the First Quarter Ended July 31, 2013; Provides Exploration Expenditures Guidance for Fiscal 2014

Pacific Rim Mining Corporation reported unaudited consolidated financial results for the first quarter ended July 31, 2013. The company reported a net loss of $660,000 or $0.00 per basic and diluted share against $558,000 or $0.00 per basic and diluted share a year ago. Operating loss was $643,000 against $679,000 a year ago. While the Company's operating loss for the first quarter of 2014 was slightly lower than for the first quarter of 2013 as a result of slightly lower expenses quarter over quarter, a small gain on derivative liability booked during the first quarter of 2013 partially offset the operating loss for that quarterly period. Cash used for operating activities was $927,000 against $668,000 a year ago. As a result of the termination of the Hog Ranch option and recent cuts to exploration and support staff, exploration-related expenditures for fiscal 2014 are expected to be lower than in fiscal 2013, and total approximately $1.0 million.

Pacific Rim Mining Corporation Auditor Raises 'Going Concern' Doubt

Pacific Rim Mining Corporation filed its 6-K on Jul 26, 2013 for the period ending Apr 30, 2013. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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