Last C$0.17 CAD
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As of 9:30 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

belvedere resources ltd (BEL) Snapshot

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52 Week High
10/3/13 - C$0.63
52 Week Low
12/9/13 - C$0.05
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belvedere resources ltd (BEL) Details

Belvedere Resources Ltd. engages in the exploration, development, and production of mineral properties in Finland. The company produces nickel, cobalt, and copper from its Hitura nickel mine located in Finland. It also owns interests in various gold properties, including Hirsikangas, Kiimala, Rantasalmi, Kuusamo, and Kopsa properties located in Finland. The company was founded in 1997 and is headquartered in Vancouver, Canada.

Founded in 1997

belvedere resources ltd (BEL) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: €143.8K
Chief Financial Officer, Company Secretary an...
Total Annual Compensation: €150.2K
Chief Operating Officer, Director and Member ...
Total Annual Compensation: €149.1K
Compensation as of Fiscal Year 2012.

belvedere resources ltd (BEL) Key Developments

Belvedere Resources Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Belvedere Resources Ltd. reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's net loss was EUR 0.54 million or EUR 0.03 per basic and diluted share compared with EUR 0.35 million or EUR 0.02 per basic and diluted share a year ago. Cash flow used in operating activities was EUR 0.5 million compared with cash flow from operating activities of EUR 0.11 million a year ago. Operating loss was EUR 0.27 million.

Belvedere Resources Ltd. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Operating Results for the Year Ended December 31, 2013

Belvedere Resources Ltd. announced consolidated earnings results for the fourth quarter and year ended December 31, 2013. The company generated a net loss of EUR 4,630,273, EUR 0.03 per share in the fourth quarter primarily due to an impairment charge against the Hitura mineral property. This compares with a net loss of EUR 1,120,855 or EUR nil per share reported for the fourth quarter of fiscal 2012. For the year, the company reported revenue of EUR 10,325,000 against EUR 27,862,000 a year ago. Net loss was EUR 10,087,000 or EUR 0.07 per basic and diluted share against net income of EUR 1,298,000 or EUR 0.01 per basic and diluted share a year ago. Cash flow from operating activities was EUR 971,000 against EUR 3,833,000 a year ago. Operating loss was EUR 0.39 million compared to EUR 0.59 million a year ago. In fiscal 2013, the company produced 934 tonnes of nickel and EUR 10,324,919 in revenues. In fiscal 2012, the company produced 2,282 tonnes of nickel and EUR 27,862,112 in revenues.

Belvedere Resources Ltd. Auditor Raises 'Going Concern' Doubt

Belvedere Resources Ltd. filed its Annual on Apr 30, 2014 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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