Last $0.04 USD
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As of 8:10 PM 09/4/14 All times are local (Market data is delayed by at least 15 minutes).

mindoro resources ltd (MNODF) Snapshot

Open
$0.04
Previous Close
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Day High
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Day Low
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52 Week High
09/4/14 - $0.04
52 Week Low
12/9/13 - $0.0090
Market Cap
11.7M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
297.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MINDORO RESOURCES LTD (MNODF)

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mindoro resources ltd (MNODF) Details

Mindoro Resource Ltd. is engaged in the acquisition, exploration, and development of mineral properties in the Philippines. The company primarily explores for nickel, copper, and gold. It holds interests in the Agata nickel project located in the Surigao del Norte province of Northern Mindanao; and the Pan de Azucar sulphur-copper-gold project located near Panay Island. Mindoro Resource Ltd. is headquartered in Edmonton, Canada.

18 Employees
Last Reported Date: 03/31/14

mindoro resources ltd (MNODF) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$82.7K
Consultant
Total Annual Compensation: C$215.0K
Compensation as of Fiscal Year 2012.

mindoro resources ltd (MNODF) Key Developments

Mindoro Resources Ltd. Announces Management Changes, with Effect from September 1, 2014

Mindoro Resources Ltd. announced the retirement and resignation of Director and Chief Executive Officer, Tony Climie, effective September 1, 2014. The board has appointed Mindoro Director and Executive Vice President, Penny Gould to succeed Mr. Climie as CEO. Mr. Climie is stepping down from his leadership role with Mindoro having successfully concluded the recent acquisition of an option agreement for an additional 25% interest in the Agata nickel laterite project, which, upon exercise, will bring Mindoro's interest to 40%. He also led the Company through to the commencement of the high-iron nickel laterite direct shipping ore (DSO) operations, with the first shipment expected in the coming month. Mr. Climie will continue to provide advisory services to the Company as a consultant. Penny joined Mindoro in 1996 and served in a variety of executive positions over the next 16 years, including CFO and President, with primary responsibility for establishing high standards of corporate governance, shareholder relations and financing. When Mindoro's head office relocated to Melbourne in 2011, Penny left the Company, but continued to provide corporate support on a consulting basis. With the return of the head office to Canada in 2013, Penny rejoined Mindoro as a Director and Executive Vice President.

Mindoro Resources Ltd. Signs Agreements for Additional 25% in Agata and Tapian Projects

Mindoro Resources Ltd. has signed two option agreements to acquire an additional 25% interest in the Agata Project and an option to acquire an additional 25% interest in the Tapian San Francisco Project, from its Philippine partner, Minimax Mineral Exploration Corporation, all located within the Surigao mining region on the island of Mindanao, Philippines. Upon exercise of all options, Mindoro will hold a 40% direct and indirect interest in the Agata Project and 100% direct and indirect interest in the Tapian San Francisco Project. The terms of two 2005 option agreements with Minimax were based on gold and copper production scenarios. As announced on September 23, 2013, an option to acquire the remaining 25% economic interest in the Agata Project was renegotiated to be more applicable to the economic scenario of high-iron Direct Shipping Ore ("DSO") operations and nickel processing. The terms of the two option agreements for the additional Agata interest announced August 15, 2014 replace the option terms announced in September 2013.

Mindoro Resources Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Mindoro Resources Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating loss was CAD 220,000 against CAD 198,000 a year ago. Net income for the period was CAD 95,000 against loss for the period of CAD 7,521,000 a year ago. Basic and diluted net income per share was CAD 0.000 against CAD 0.025 a year ago. The company used CAD 280,000 in operating activities compared to CAD 326,000 in the second quarter of 2013. The company invested CAD 40,000 in exploration and evaluation assets compared to CAD 85,000 in the second quarter of 2013. For the first half, the company reported operating loss was CAD 476,000 against CAD 464,000 a year ago. Net income for the period was CAD 150,000 against loss for the period of CAD 7,545,000 a year ago. Basic and diluted net income per share was CAD 0.001 against CAD 0.025 a year ago. The company used CAD 621,000 in operating activities compared to CAD 571,000 in the second quarter of 2013. The company invested CAD 69,000 in exploration activities compared to CAD 191,000 in the second quarter of 2013.

 

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