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magellan minerals ltd (0MM) Snapshot

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03/17/14 - €0.08
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magellan minerals ltd (0MM) Details

Magellan Minerals Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties, primarily gold in Canada, Brazil, and the United States. Its principal properties include the Coringa project covering an area of 23,754 hectares, the Cuiú Cuiú project covering an area of approximately 44,000 hectares, and the Mato Velho project covering an area of 10,400 hectares located in the state of Pará in northern Brazil; and the Poconé property located in southern Mato Grosso state, Brazil. The company was incorporated in 2004 and is headquartered in Vancouver, Canada.

Founded in 2004

magellan minerals ltd (0MM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$160.0K
Chief Financial Officer
Total Annual Compensation: C$41.7K
Vice President of Business Development and Di...
Total Annual Compensation: C$67.1K
Compensation as of Fiscal Year 2013.

magellan minerals ltd (0MM) Key Developments

Magellan Minerals Limited, Annual General Meeting, Sep 05, 2014

Magellan Minerals Limited, Annual General Meeting, Sep 05, 2014., at 10:00 Pacific Standard Time. Location: #1200 ­ 750 West Pender Street. Agenda: To receive the audited annual financial statements of the company for its fiscal year ended December 31, 2013, together with auditors' report thereon; to fix the number of directors of the company at five and to elect directors for the ensuing year; to re-appoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the company for the ensuing year and to authorize the directors to fix their remuneration; to approve the company's amended 2007 Stock Option Plan; to ratify and reconfirm the April 27, 2011 shareholder rights plan agreement between the company and Olympia Trust Company; and to transact any other business which may properly come before the meeting, or any adjournment thereof.

Magellan Minerals Limited Announces Termination of Letter of Intent on Pocone Project, Brazil

Magellan Minerals Limited announced the termination of the binding Letter of Intent with Ross Beaty to partner on its interests in the Pocone gold belt in the state of Mato Grosso in western Brazil. Magellan holds interests in two joint ventures in Pocone area that include approximately 64,090ha which are held in a 50:50 joint venture with Exploration and Mining Inc. In addition, Magellan owns a 35% interest in Pocone Gold Mineracao Ltda and Brasil Central Engenharia Ltda which owns a 30% interest. Pocone Gold controls approximately 122,390 ha in the Pocone region. The Pocone gold belt extends for at least 90km and is located in the southern part of the state of Mato Grosso. It is characterized by a series of highly deformed schists that are cut by gold-bearing vein swarms. Approximately 50 small open pit gold mines are currently in operation throughout the belt which has an estimated historic production of 6-12Moz of gold.

Magellan Minerals Limited Auditor Raises 'Going Concern' Doubt

Magellan Minerals Limited filed its Annual on Apr 28, 2014 for the period ending Dec 31, 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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