Last C$0.07 CAD
Change Today 0.00 / 0.00%
Volume 53.0K
CDU On Other Exchanges
As of 3:59 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

cardero resource corp (CDU) Snapshot

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01/10/14 - C$0.27
52 Week Low
09/9/14 - C$0.06
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cardero resource corp (CDU) Details

Cardero Resource Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Argentina, Mexico, Peru, the United States, Ghana, and Canada. The company primarily explores for coal, iron, and titanium ores. Its principal properties include the Carbon Creek metallurgical coal project located in the Peace River Coal District of northeast British Columbia, Canada; and the Sheini Hills iron ore project that consists of 3 contiguous prospecting licenses covering an area of approximately 397.5 square kilometers located in the Zabzugu-Tatale District in the Northern Region of the Republic of Ghana. The company was formerly known as Sun Devil Gold Corp. and changed its name to Cardero Resource Corp. in May 1999. Cardero Resource Corp. was founded in 1985 and is headquartered in Vancouver, Canada.

4 Employees
Last Reported Date: 06/18/14
Founded in 1985

cardero resource corp (CDU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$172.0K
Chief Financial Officer
Total Annual Compensation: C$178.3K
Vice President, General Counsel and Company E...
Total Annual Compensation: C$89.2K
Executive Vice President
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

cardero resource corp (CDU) Key Developments

Cardero Resource Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014; Reports Impairment Charges for the Quarter Ended July 31, 2014

Cardero Resource Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. For the quarter, the company reported loss before other items and income taxes of CAD 462,218 compared to CAD 15,225,793 a year ago. Loss before income taxes was CAD 259,034 compared to CAD 16,103,120 a year ago. Net loss for the period was CAD 261,245 or CAD 0.01 per basic and diluted share compared to CAD 16,091,678 or CAD 0.14 per basic and diluted share a year ago. For the nine months, the company reported loss before other items and income taxes of CAD 23,274,788 compared to CAD 23,633,737 a year ago. Loss before income taxes was CAD 24,934,171 compared to CAD 25,900,388 a year ago. Net loss for the period was CAD 24,700,030 or CAD 0.21 per basic and diluted share compared to CAD 25,851,647 or CAD 0.24 per basic and diluted share a year ago. Net cash used in operating activities was CAD 3,314,122 compared to CAD 5,202,318 a year ago. Expenditures on exploration and evaluation assets were CAD 855,774 compared to CAD 13,512,688 a year ago. For the third quarter, the company reported impairment losses on property, plant and equipment of CAD 377, impairment losses on exploration and evaluation assets of CAD 3,523 against CAD 12,736,509 a year ago.

Cardero Seeks Acquisitions

Cardero Resource Corp. (TSX:CDU) is seeking acquisitions. Cardero is seeking to acquire additional assets, both within the metallurgical coal space and in other commodity sectors.

Cardero Resource Corp. Receives $3,774,651 as BC Mineral Exploration Tax Credit Refund; Announces Election of Robert Van Doorn as Director

Cardero Resource Corp. announced that it has received $3,774,651 as a BC Mineral Exploration Tax Credit refund. These funds, together with additional funds from its line of credit, were used to make the payment of $3,700,000, plus interest, due on or before March 14, 2014 under the terms of its outstanding senior secured notes. The company also announced that all motions put forward for approval at its 2014 Annual General Meeting held April 4, 2014 in Vancouver, British Columbia passed with significant shareholder support. In March, 2014, the company received a total of $3,774,651 in connection with its application for the BC METC as discussed in its news release NR14-01. The company currently has outstanding senior secured notes and a secured line of credit from entities controlled by Mr. Robert C. Kopple of Los Angeles, California. On receipt, the METC funds were used to make part of the payment of $3,906,794 due on or before March 14, 2014 under the Notes, with the balance of $545,838 in excess of the METC being paid from the Credit Line. The company also announced that, at the AGM held on April 4, 2014, Mr. Robert van Doorn was elected as a director. Mr. Van Doorn is a businessman with more than 20 years' experience in the mineral resource business. Mr. Van Doorn is currently Executive Chairman of Namakwa Uranium. He was previously Chairman, President & CEO of Mundoro Mining Inc.


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