josephine mining corp (JMC:Venture)
josephine mining corp (JMC) Snapshot
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Open
C$0.04
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Previous Close
C$0.04
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Day High
C$0.04
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Day Low
C$0.03
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52 Week High
07/3/12 - C$0.26
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52 Week Low
05/24/13 - C$0.03
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Market Cap
766.5K
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Average Volume 10 Days
1.0K
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EPS TTM
C$-0.06
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Shares Outstanding
25.6M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
josephine mining corp (JMC) Related Businessweek News
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Josephine Mining Corp. engaged in the exploration and development mineral properties primarily in North America. The company explores for gold, copper, silver, zinc, and cobalt. Its principal property includes the Turner Gold project located in southern Josephine county, Oregon. The company is headquartered in Spokane, Washington.
Last Reported Date: 04/4/12
josephine mining corp (JMC) Key Developments
Josephine Mining Corp. announced that it has appointed Matthew J. Colbert, to the executive leadership team of JMC. Effective immediately, Mr. Colbert has taken the position of Chief Financial Officer (CFO), replacing Michelle Carbon who was serving as interim CFO. The company thanks Ms. Carbon for her time as interim CFO. The appointment of Mr. Colbert to the position of Chief Financial Officer is subject to the review and approval of the TSX Venture Exchange.
Josephine Mining Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported a net loss of CAD 341,383 or CAD 0.01 per basic and diluted share compared to CAD 637,149 or CAD 0.23 per basic and diluted share a year ago. Total comprehensive loss attributable to stockholders was CAD 516,138 compared with CAD 659,975 a year ago. Net cash used in operating activities was CAD 754,022 against CAD 204,894 a year ago.
Josephine Mining Corp. announced progress on the Turner Gold project in southwestern Oregon, and an update on the program going forward at Turner for second quarter to fourth quarter of 2012. The company has been working diligently for the past year to prepare for permit applications, further delineate the mineral resource, and optimize plans for mining the Turner Gold resource. 11 core holes totaling approximately 12,000 feet of diamond drilling provided infill information to be included in the next iteration of the resource block model. It was also used as a source of new data for geotechnical evaluations currently in progress and provided sample material for metallurgical testing. Assays from core intercepts in the new holes were commensurate with those collected in multiple prior programs. The Turner project program has also concentrated upon consolidation of the company's land position, resulting in a tripling of acreage, all of which remains on private ground. The company is focused on making the final $1.35 million payment to General Moly to complete the purchase of the Turner property. The new drilling results have provided additional information that will be used in refining its understanding of the Turner mineralization. Work has commenced on an updated resource block model and on a geo-technical evaluation. Additional metallurgical test work will be initiated shortly, using samples collected during the 2011 drilling program. Environmental work continues in support of ongoing permitting efforts. The company will incorporate the results of this work into a pre-feasibility study on the Turner project. The study is expected to be completed during the first quarter of 2013.
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| JMC:CN | C$0.03 CAD | -0.01 | |
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Industry Analysis
JMC
Industry Average
| Valuation | JMC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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To contact JOSEPHINE MINING CORP, please visit www.josephinemining.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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