Last C$0.35 CAD
Change Today -0.01 / -2.78%
Volume 10.4K
MMM On Other Exchanges
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As of 1:26 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

minco gold corp (MMM) Snapshot

Open
C$0.36
Previous Close
C$0.36
Day High
C$0.36
Day Low
C$0.35
52 Week High
02/11/14 - C$0.68
52 Week Low
06/27/13 - C$0.14
Market Cap
17.7M
Average Volume 10 Days
14.7K
EPS TTM
C$-0.11
Shares Outstanding
50.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MINCO GOLD CORP (MMM)

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minco gold corp (MMM) Details

Minco Gold Corporation, an exploration stage company, is engaged in the exploration and evaluation of gold-dominant mineral properties and projects in China. The company owns a 51% interest in the Changkeng gold project located to the southwest of Guangzhou. It also owns 100% interests in Longnan projects that has 10 exploration permits located at the southern part of Gansu province. The company was formerly known as Minco Mining & Metals Corporation and changed its name to Minco Gold Corporation in January 2007 to reflect its focus on gold projects. Minco Gold Corporation was founded in 1982 and is headquartered in Vancouver, Canada.

Founded in 1982

minco gold corp (MMM) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: C$83.3K
Chief Financial Officer
Total Annual Compensation: C$49.8K
Vice President of Corporate Development
Total Annual Compensation: C$74.0K
Compensation as of Fiscal Year 2013.

minco gold corp (MMM) Key Developments

Minco Gold Discovers Gold Zone at the Yejiaba Project

Minco Gold Corporation announced the results of the current phase of exploration conducted on the company's 100% owned Yejiaba property in Gansu Province, China. The company made progress following up on earlier promising exploration results at the Baimashi North Target, which was identified early in 2013 through a review of the exploration results of the last few years on the Yejiaba Project. During 2013, the company collected 247 rock chip samples, 125 soil samples and 41 stream sediment samples within the Baimashi North Target, which is dominantly northeast trending and is approximately 1,100m long and 400 to 600m wide, an area of about 340,000m2, as defined by the distribution of Au values generally greater than 0.1g/t. The mineralized zone is open to the north, northeast, and southwest. Of the 247 rock chip samples collected within this target area, individual gold values range from 0.005 to 47.115g/t and average 1.49g/t, with six samples exceeding 10 g/t Au. The company will continue to advance this target through the rest of the field season this year to define the limits of the gold mineralization after which the company will have a more complete understanding of the distribution of gold mineralization at the Baimahsi North Target, and from these results its geologic team can select sites for an upcoming drill program.

Minco Gold Corporation Receives Non-Compliance Notice From NYSE MKT LLC

Minco Gold Corporation announced that it has received notice from the NYSE MKT LLC that if the Company does not adequately address the low selling price of the Company's stock within a reasonable amount of time to the satisfaction of the Exchange, the Company will not satisfy the continued listing standards of the Exchange set forth in Section 1003(f)(v) of the NYSE MKT Company Guide. The Company has not yet determined what action it will take in response to this notice. There can be no assurance that the Company will be able to achieve compliance with the Exchange's continued listing standards within the required time frame. If the Company is not able to regain compliance with the continued listing standards within a reasonable time after the date of the notice, the Company may be subject to delisting procedures as set forth in the Company Guide.

Minco Gold Corporation Provides Update on Yejiaba Project on Longnan Region

Minco Gold Corporation has had productive communication with Zhaoqian District and Gaoyao County Governments concerning the development of the Changkeng Gold Project. As a result, the Gaoyao County Government has recently issued an official approval for the company to develop the Project subject to receipt of the mining license. The company engaged an independent consultant in early 2013 to conduct a detailed review of the exploration results on the Yejiaba Project over the past couple of years. During the period from April to June 2013, the independent consultant conducted a field program collecting a total of 519 rock samples and 25 stream sediment samples for generative purposes and re-evaluation of the previous work. A key finding of the review was the discovery of a new exploration target, Baimashi North, located approximately 1km north of the Baimashi Target area. The company collected 97 rock chip samples at Baimashi North over an area of 700 meters by 500 meters coincident with strong alteration and faulting. The average grade of the 97 rock samples is 1.11 g/t gold, ranging from 0.01 to 27.90 g/t gold. Rock chip samples performed over other previously identified Yejibaba targets confirmed earlier results. The company is currently conducting a field program of detailed mapping and soil sampling to follow up on the Baimashi North target and is reviewing the results of the other Yejibaba targets and will generate appropriate future work programs for the project. The company has initiated a program to reduce expenditures in order to preserve its cash.

 

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