Last C$1.22 CAD
Change Today +0.07 / 6.09%
Volume 102.0K
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As of 3:57 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

d'arianne resources inc (DAN) Snapshot

Open
C$1.19
Previous Close
C$1.15
Day High
C$1.22
Day Low
C$1.18
52 Week High
02/5/13 - C$1.42
52 Week Low
06/29/12 - C$0.80
Market Cap
92.6M
Average Volume 10 Days
118.2K
EPS TTM
C$-0.11
Shares Outstanding
75.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for D'ARIANNE RESOURCES INC (DAN)

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d'arianne resources inc (DAN) Details

Arianne Resources Inc. operates as a mineral exploration company. It primarily focuses on the development of the Lac à Paul phosphate-titanium deposit consisting of 498 map-designated claims covering an area of approximately 25,000 hectares in the Saguenay–Lac-Saint-Jean region of Quebec, Canada. The company also explores for gold, copper, zinc, and silver. Arianne Resources Inc. was founded in 1997 and is headquartered in Chicoutimi, Canada.

Founded in 1997

d'arianne resources inc (DAN) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: C$175.0K
President and Director
Total Annual Compensation: C$150.0K
Chief Financial Officer
Total Annual Compensation: C$87.5K
Vice-President of Operations
Total Annual Compensation: C$98.1K
Compensation as of Fiscal Year 2012.

d'arianne resources inc (DAN) Key Developments

Arianne Resources Inc. Announces Pilot-Scale Metallurgical Test Confirms 39% P2O5 Product with 90% Recovery

Arianne Resources Inc. announced that pilot-scale testing of Lac à Paul phosphate ore has now confirmed the commercial scale-ability of column flotation in achieving 39% P(2) O(5) concentrate with a recovery rate of 90%. With completion of its Validation of Apatite Flowsheet Using Column Flotation Report, Corem, of Québec City, (Québec) has demonstrated that the Paul Zone ore can be processed with this commonly-used technology to achieve superior product quality at a very high recovery rate, well surpassing the quality and recovery of most phosphate rock mines worldwide. A 39% phosphate concentrate will make Zone Paul's product one of the most sought-after phosphate concentrates worldwide, particularly to high-value industrial, animal feed and food-grade phosphate product producers. This metallurgical testwork and its conclusions will be used in development of the company's Feasibility Study, scheduled for completion in summer 2013. With this confirmation of the flowsheet, the company will finalize design of the processing facilities to produce phosphate rock concentrate, its finished product. The scope of this work includes a mineralogical assessment, testing of various grinds and particle sizing, reagents, conditioning/flotation parameters, settling/filtration characteristics, and concentrate quality.

Arianne Resources Inc. Announces Retirement of Executives at its Annual Meeting

Arianne Resources Inc. announced that Mr. Pierre Lortie, current Chairman and Mr. Bernard Lapointe, current Chief Executive Officer of Arianne, have decided to not stand for re-election at its annual meeting to be held on May 29, 2013. Mr. Lapointe, the founder of Arianne, a PhD geologist and long-time member of the Saguenay-Lac-Saint-Jean community, has decided to retire from his full-time role as Chief Executive Officer of the company. Mr. Lapointe's retirement from office will be effective as of May 31, 2013.

Arianne Resources Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2012

Arianne Resources Inc. reported earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net loss of CAD 2,729,669 compared to a net loss of CAD 2,823,930 for the same period in 2011. The lower loss is primarily due to lower expenses for stock based compensation in 2012 partially offset by the write-off of the 100% owned non-phosphate properties and increased costs related to the Lac à Paul FS. For the year, the company reported net loss of CAD 5,402,587 compared to a net loss of CAD 3,438,693 for the same period in 2011 and is due to higher spending on the FS and the write-off of the non-phosphate assets partially offset by lower expense for share based compensation.

 

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