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As of 2:10 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

millennium minerals ltd (MOY) Snapshot

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52 Week High
08/30/13 - A$0.40
52 Week Low
06/2/14 - A$0.09
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millennium minerals ltd (MOY) Details

Millennium Minerals Limited is engaged in the exploration and development of gold properties in Australia. It primarily holds interest in the Nullagine Gold Project located in the East Pilbara region of Western Australia. The company is based in West Perth, Australia.

millennium minerals ltd (MOY) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$509.2K
Chief Financial Officer
Total Annual Compensation: A$288.8K
General Manager of Operations and Member of A...
Total Annual Compensation: A$362.6K
Compensation as of Fiscal Year 2013.

millennium minerals ltd (MOY) Key Developments

Brian Rear to Step Down as Managing Director and Chief Executive Officer of Millennium Minerals Limited

Millennium Minerals Limited. announced that Managing Director and Chief Executive Officer, Brian Rear wishes to step down from his executive role following a successful 6 year period leading the company. Mr. Rear has indicated his decision to step down at this juncture is to allow him to take on another, as yet unidentified full time role, in developing a new resources project. The Board has invited Mr. Rear to remain on the Board as a Non-Executive Director to ensure the company continues to have the benefit of his significant experience and operational skills and to ensure a seamless transition of the senior leadership of the Company. Mr. Rear will remain in the CEO and Managing Director role until a leadership transition can take place.

Millennium Minerals Limited Announces Management Changes

Millennium Minerals Limited announced the retirement of Peter Rowe as Chairman of the Board. Mr. Rowe, who is due to retire as a Director of the company by rotation at the 2014 annual general meeting scheduled for April 28, 2014 (AGM), will no longer stand for reelection at the meeting and accordingly will cease to be a Director of the company from the conclusion of the AGM. The Board announced the appointment of Richard Procter, an independent Non Executive Director of the company since 2010, as the new Chairman of the Board, effective immediately. Mr. Procter is a mining engineer with over 35 years broad international experience both at senior management and executive level encompassing exploration, project development, operations, contracting, consulting (mergers & acquisitions and corporate development) and funds management.

Millennium Minerals Limited Reports Earnings and Production Results for the March Quarter of 2014; Provides Production Guidance for the June Quarter and Fiscal Year 2014

Millennium Minerals Limited reported earnings and production results for the March quarter of 2014. The company repo gold output of 18,762 ounces poured, up 33% on last quarter. Mill throughput was 426,473 tonnes, 19% above 2013 quarterly average. Gold sales were 18,925 ounces. For the quarter, the company reported revenue of $27.6 million. Mine level EBITDA $7.16 million. Production guidance for the June 2014 quarter is between 16,000 ounces and 18,000 ounces. Production guidance for the fiscal year 2014 is 76,000 ounces.


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