Last C$0.24 CAD
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foran mining corporation (FOM) Snapshot

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04/26/13 - C$0.43
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foran mining corporation (FOM) Details

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties in the Flin Flon and Snow Lake mining belts of central Canada. The company primarily explores for zinc, copper, gold, and silver, as well as other base metals. Its principal property includes a 100% interest in the McIlvenna Bay property consisting of 30 claims covering 20,382 hectares located in east central Saskatchewan, west of Flin Flon, Manitoba. Foran Mining Corporation was founded in 1989 and is headquartered in Vancouver, Canada.

6 Employees
Last Reported Date: 03/28/14
Founded in 1989

foran mining corporation (FOM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$200.0K
Chief Financial Officer, Corporate Secretary ...
Total Annual Compensation: C$150.0K
Vice President of Corporate Development and M...
Total Annual Compensation: C$180.0K
Vice President of Project Exploration
Total Annual Compensation: C$150.0K
Vice President of Exploration
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2012.

foran mining corporation (FOM) Key Developments

Foran Mining Corp. Reports Earnings Results for the Fifteen Months Ended December 31, 2013

Foran Mining Corp. reported earnings results for the fifteen months ended December 31, 2013. The company recorded a net loss of $2.8 million or $0.04 per share (basic and diluted). This compares to a net loss of $1.4 million or $0.02 per share (basic and diluted) for the year ended September 30, 2012.

Foran Mining Corp. Commences Winter Exploration Program on its Mcilvenna Bay and Bigstone Properties in East-Central Saskatchewan

Foran Mining Corp. announced it has commenced a winter exploration program on its McIlvenna Bay and Bigstone properties in east-central Saskatchewan. Exploration activities will include diamond drilling on Target A, a recently identified high-priority geophysical target on the McIlvenna Bay property, as well as geophysical surveys on both the McIlvenna Bay and Bigstone properties. Work on the McIlvenna Bay property in the winter program will focus on Target A, a group of conductors located approximately 1.5 kilometres southeast of the McIlvenna Bay deposit. The main conductor within Target A appears to occur at the same stratigraphic horizon as the Deposit, with a similar orientation. Geophysical modeling suggests the target is a series of sub-parallel plates that define multiple conductor trends. The upper edges of these plates are estimated to lie approximately 300 to 800m below surface, with the down-dip extent of individual plates exceeding 600m. Approximately 15 line km of detailed large loop time-domain electromagnetics will be conducted directly over Target A to determine the optimum depth and orientation for drilling. Following completion of the geophysical survey, Foran plans to conduct 1,500 to 2,000 metres of diamond drilling in two to three drill holes. Results of the drilling will be released once assay results have been received. Foran's Bigstone property, located 10 km west of the McIlvenna Bay property, contains several occurrences of volcanogenic massive sulphide mineralization associated with extensive zinc-rich felsic volcanic stratigraphy.

Foran Mining Corp. Announces Unaudited Consolidated Earnings Results for the Twelve Months Ended September 30, 2013

Foran Mining Corp. announced unaudited consolidated earnings results for the twelve months ended September 30, 2013. The company recorded a net loss of $1,881,240 or $0.02 basic and diluted per share compared to a net loss of $1,409,729 or $0.02 basic and diluted per share for the twelve months ended September 30, 2012.


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