Canplats Resources Corp.
(CPQ:TSXV)
Snapshot of Canplats Resources Corp. (CPQ)
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OPEN
C$3.43
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PREVIOUS CLOSE
C$3.52
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DAY HIGH
C$3.55
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DAY LOW
C$3.43
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52 WEEK HIGH
11/16/09 - C$3.60
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52 WEEK LOW
12/3/08 - C$1.03
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MARKET CAP
203.4M
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AVERAGE VOLUME 3 mo
3.0M
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DILUTED EPS TTM
C$-0.07
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SHARES OUTSTANDING
57.6M
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CPQ Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
CPQ Details
Canplats Resources Corporation engages in the acquisition, exploration, and development of mineral resource properties in Mexico. It explores primarily for gold, silver, zinc, lead, and precious metals. The company holds interests in the Camino Rojo property situated in the state of Zacatecas, Mexico. It also owns 100% interests in the Rodeo and the El Rincon properties located in north of Durango, Mexico; and the Mecatona, the Maijoma, and the El Alamo properties situated in the state of Chihuahua, Mexico. In addition, Canplats Resources holds an option to acquire a 100% interest in the Yerbabuena epithermal gold project, situated north-northwest of Durango, Mexico. The company was founded in 1967 and is headquartered in Vancouver, Canada.
CPQ Top Compensated Officers
Key developments for Canplats Resources Corp. (CPQ)
Canplats Resources Corp. announced the completion of a positive Preliminary Assessment on the 100%-owned Camino Rojo gold project located in Zacatecas state, Mexico. The Preliminary Assessment was prepared by Mine and Quarry Engineering Services Inc. of San Mateo, California, under the direction of Mr. Christopher Kaye, an independent qualified person under Canadian National Instrument 43-101. MQes has been engaged to complete a Prefeasibility Study for the project. The Preliminary Assessment supports open-pit, heap-leach mining of oxide and transitional mineralization at the Represa deposit. The study does not examine the extensive sulphide mineralization that exists at Camino Rojo, which represents an additional opportunity for Canplats and will be the subject of further studies. Highlights of the Preliminary Assessment, using base case prices of $750 per ounce gold and $13.50 per ounce silver, are: Base case ultimate pit containing 1.71 million ounces gold and 34.2 million ounces silver (74.9 million tonnes grading 0.71 g/t Au and 14.2 g/t Ag) with a low strip ratio of 0.7 to 1; and average annual production of 122,300 ounces of gold and 902,100 ounces of silver over a 10.4 year mine life at a net cash operating cost of $340 per ounce of gold (including silver credits). Initial capital costs estimated at $133.8 million.
Canplats Resources Corp., Annual General Meeting, Dec 15, 2009 Location: Pan Pacific Vancouver, Pacific Rim Suite, 300-999 Canada Place, Vancouver, BC V6C 3B5, Canada.
Canplats Resources Corp. announced that the in-house technical assessment of the Represa Zone has now been completed. The Represa pre-feasibility study will provide a comprehensive technical and economic examination of key parameters for large-scale heap-leach mining of oxide and transitional mineralization. One aspect of this program, further metallurgical testwork, is currently underway. MQes is a specialized consulting and engineering company supplying geological, mining and process engineering services to the mining industry worldwide. The company comprises a group of professionals in the technical disciplines of geology, geostatistics, mine planning, mineral dressing, metallurgy, chemical engineering, process design, cost estimation, and project management, supported by mechanical, electrical, civil, structural and instrumentation design engineers. The wholly-owned Camino Rojo project hosts measured and indicated resources estimated at 3.44 million ounces of gold and 60.7 million ounces of silver at the Represa Zone with additional inferred resources of 0.56 million ounces of gold and 7.6 million ounces of silver. Mineralization remains open for further expansion in both strike directions and to depth. The Represa Zone is situated in flat terrain within an area of excellent infrastructure, less than 5 kilometers from a paved highway and high voltage power lines. Canplats is actively pursuing the acquisition of surface rights in the Represa area.
CPQ Competitors
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Industry Analysis
| Valuation | CPQ | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 11.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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CPQ |
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CPQ transactions
| Type Date |
Target |
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Merger/Acquisition
November 16, 2009 |
-- |
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Merger/Acquisition
May 28, 2009 |
19,000 Hectare Cardito Area |
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