Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 0.0
CEG On Other Exchanges
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OTC US
As of 11:06 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

cerro grande mining corp (CEG) Snapshot

Open
C$0.03
Previous Close
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Day High
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Day Low
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52 Week High
08/26/14 - C$0.03
52 Week Low
08/27/14 - C$0.03
Market Cap
2.8M
Average Volume 10 Days
0.0
EPS TTM
C$-0.04
Shares Outstanding
110.6M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for CERRO GRANDE MINING CORP (CEG)

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cerro grande mining corp (CEG) Details

Cerro Grande Mining Corporation mines, explores, and develops various mineral properties. The company explores for gold, silver, copper, and limestone deposits. It principally holds interests in Pimenton, Tordillo, Bandurrias, Catedral/Rino, and Cal Norte properties located in Chile. The company was formerly known as South American Gold and Copper Company Limited and changed its name to Cerro Grande Mining Corporation in March 2011. Cerro Grande Mining Corporation is based in Toronto, Canada.

cerro grande mining corp (CEG) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: $107.2K
Chief Financial Officer
Total Annual Compensation: $52.0K
Executive Vice President, Director of Explora...
Total Annual Compensation: $110.0K
Executive Vice President, Director of Claims ...
Total Annual Compensation: $110.0K
Compensation as of Fiscal Year 2013.

cerro grande mining corp (CEG) Key Developments

Cerro Grande Mining Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Cerro Grande Mining Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported sales of $2,223,000 against $2,423,000 a year ago. Total revenue was $2,223,000 against $2,423,000 a year ago. Loss and comprehensive loss before taxes was $1,591,000 against $4,382,000 a year ago. Loss and comprehensive loss for the period was $1,514,000 or $0.02 per basic and diluted share against $4,148,000 or $0.05 per basic and diluted share a year ago. Revenue for the three month period ended June 30, 2014 decreased over the same period in 2013 due to a decrease in gold sales to 1,431 oz compared to 1,590 oz in the three month period ended June 30, 2013. For the nine months, the company reported sales revenue of $11,257,000 against $15,079,000 a year ago. Total revenue was $11,257,000 against $15,180,000 a year ago. Loss and comprehensive loss before taxes was $3,883,000 against $5,454,000 a year ago. Loss and comprehensive loss for the period was $3,806,000 or $0.03 per basic and diluted share against $5,342,000 or $0.06 per basic and diluted share a year ago. Revenue for the nine month period ended June 30, 2014 decreased compared to the same period 2013 due to lower gold sales of 7,370 oz compared to 8,300 oz in the nine month period ended June 30, 2013. Cash flow from operations as at June 30, 2014 before capital investment was $120 against negative of $2,719 a year ago.

TSX Determines To Delist The Common Shares Of Cerro Grande Mining Corporation

Further to TSX Bulletin 2014-0722 dated June 25, 2014, TSX has determined to delist the common shares of Cerro Grande Mining Corporation at the close of business on August 25, 2014 for failure to meet the continued listing requirements of TSX.

Cerro Grande Mining Corporation Announces Debenture Private Placement

Cerro Grande Mining Corporation announced a proposed private placement financing of nonconvertible debentures with a combined aggregate subscription price of up to $3,000,000. The Debentures will bear interest at the rate of 6% per annum, payable in cash, quarterly in arrears. Pursuant to the terms of the Offering, it is proposed that Company will repay 1/6th of the original principal amount of each Debenture semi-annually. It is also proposed that, at the option of the holder of a Debenture, any Repayment may be satisfied by the tender of: cash;or gold dore produced from the Company's Pimenton Mine, at a deemed price per ounce of gold of $1,157 per ounce Proceeds of the private placement are expected to be used for general working capital purposes, including, but not limited to, the repayment of debt, project development and corporate and administrative purposes.

 

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