|Bid||0.85 x 0|
|Ask||0.86 x 0|
|Day's Range||0.84 - 0.89|
|52 Week Range||0.07 - 1.18|
|Beta (3Y Monthly)||-3.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2017 - Feb 28, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.73|
TORONTO , Oct. 10, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC") is pleased to announce the first specimen slab from the top of the Father's Day Vein discovery area has been successfully recovered at the Beta Hunt Mine. Final weights and gold content will be determined for each specimen slab once all have been cut. Mining operations are continuing to remove a second large specimen slab from the face of the Father's Day Vein and will extract additional high grade coarse gold over the coming week.
TORONTO , Oct. 2, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC") is pleased to announce that, after expected recovery of a high grade specimen slab from the top of the current Father's Day Vein stope later this week, mining operations are scheduled to resume in the area of the initial Father's Day Vein discovery. RNC expects a minimum of 30-35,000 ounces of gold to be recovered from the initial development area.
TORONTO , Sept. 26, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC"), is pleased to announce that 19,356,772 million common share warrants have been exercised at prices ranging from $0.24 to $0.50 per share, for total proceeds of $8.4 million . "These exercises delivered a total of $8.4 million in additional cash to RNC. This cash is expected to fully fund all corporate activities for the foreseeable future, including most importantly the upcoming exploration program at Beta Hunt. With exploration and development ongoing, we will continue to provide timely updates on this very important gold discovery." said Mark Selby , President and CEO of RNC.
TORONTO , Sept. 24, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC"), is pleased to announce that a new exploration drive on 14 Level at its Beta Hunt Mine intercepted and recovered visible coarse gold (see figure 2), providing further proof of concept that the structures containing the "Father's Day Vein" discovery extend 200 metres (25 meters up dip and 180 meters along-strike) above the Father's Day Vein discovery (see RNC news releases dated September 9 , 16 and 20, 2018). "I am thrilled to provide this update, which extends the sediment structures 200 metres from the Father's Day Vein gold discovery in an area adjacent to existing mine infrastructure. This further validates the model that was developed by the hard work and perseverance of the Beta Hunt team.
Toronto, Ontario--(Newsfile Corp. - September 20, 2018) - Eric Sprott announces that today he purchased (through his holding company, 2176423 Ontario Ltd.) over the Toronto Stock Exchange, 561,000 common shares (representing approximately 0.1% of the outstanding shares) of Royal Nickel Corporation (doing business as RNC Minerals). The shares were purchased at $0.4284 per share for total consideration of $240,332. This press release is being issued pursuant to Canadian early warning requirements because Mr. Sprott's ...
The heavyweight financial sector pushed Canada's main index higher on Thursday and a rise in shares of cannabis producers boosted the healthcare sector. * Shares of lenders Royal Bank of Scotland, Bank ...
TORONTO , Sept. 20, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC") is pleased to announce an updated estimate of gold production from the "Father's Day Vein" discovery at its Beta Hunt Mine (see RNC news releases dated September 9 and 16, 2018). It is now estimated that 24,000 ounces of high-grade gold has been produced from development on the 15 level at the Beta Hunt Mine. The updated estimate includes additional in-process material from the initial discovery area, specimen stones and coarse gold recovered from the expanded development area (see RNC news release dated September 16, 2018 ), and an increase in production over original estimates based on final out-turns received from the Perth Mint.
Canada's main stock index gained ground on Wednesday as the materials group got a boost from higher gold prices and as the healthcare sector rose, led by cannabis producers. * The materials sector, which ...
Canada's main index rose on Monday as energy companies gained from a rise in oil prices, while precious metal miners were lifted by higher gold prices. * U.S. crude prices were up 0.8 percent a barrel, ...
Canadian miner RNC Minerals recovered a 43-kg specimen stone containing an estimated 1,100 ounces of gold and a second 7-kg specimen containing 190 ounces from Beta Hunt Mine in Australia. The company said it doubled the strike length of this high-grade coarse gold structure, to approximately 10 metres, after restarting development in the new high-grade gold discovery area "Fathers Day Vein". The discovery was made on Father's Day in Australia and has been named the "Fathers Day Vein".
TORONTO , Sept. 16, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC"), is pleased to announce that it has doubled the strike length of this high grade coarse gold structure, to approximately 10 metres, after restarting development in the new high grade gold discovery area "Fathers Day Vein" at its Beta Hunt Mine in Australia (see RNC news release dated September 9, 2018 ). Airleg development towards the initial discovery area intersected the structure last Friday and the break through into the original discovery area is expected today.
Canada's main stock index dipped on Thursday after shares of Canadian discount store chain Dollarama plunged after posting disappointing quarterly results and weighed on the consumer discretionary sector. ...
Canada's main stock index touched over three-month lows on Tuesday led by declines in materials companies amid the ongoing Sino-U.S. trade dispute and uncertainty over the future of NAFTA trade pact. * ...
TORONTO , Sept. 9, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC"), is pleased to announce a new high-grade gold discovery at its Beta Hunt Mine. Over the past week, approximately 9,250 ounces of high grade gold was produced from a 44 m 3 cut (130 tonnes) on 15 level at the Beta Hunt Mine (equal to over 70 ounces/tonne or 2,200 grams/tonne). The high grade gold (coarse gold and large gold-containing specimen stones) includes approximately 190 kg of specimen stone, the largest of which is 95 kg with an estimated gold content of 2,440 ounces and a second large specimen stone of 63kg with an estimated gold content of 1,620 ounces.
TORONTO , Sept. 4, 2018 /CNW/ - RNC Minerals (RNX.TO) ("RNC"), in its capacity as Manager of the Dumont Joint Venture (the "Joint Venture") with Arpent Inc., a subsidiary of Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Offshore Master, LP ("Waterton"), is pleased to announce that Ausenco Engineering Canada Inc. ("Ausenco") has been awarded the contract for a feasibility study update for the Dumont Nickel-Cobalt Project. Ausenco has led all of the earlier pre-feasibility and feasibility studies completed on the project.
TORONTO , Aug. 23, 2018 /CNW/ - RNC Minerals ("RNC") (RNX.TO) is pleased to announce it has received positive results from CRU's value-in-use market analysis on RNC's innovative roasting approach on several different nickel concentrates, including the nickel-cobalt concentrate grades expected to be produced by the Dumont Nickel-Cobalt Project ("Dumont"). "CRU's market analysis determined a significantly higher value from RNC's roasting approach over traditional smelting and refining. The 25% improvement in payability calculated for nickel concentrates would allow a producer of various nickel concentrates to realize an additional US$1.10 for every pound of nickel in concentrate produced at current $US6.00 per pound nickel prices," said Mark Selby , President and CEO of RNC Minerals.
TORONTO , July 23, 2018 /CNW/ - RNC Minerals ("RNC") (RNX.TO) is pleased to announce that the second phase of the Beta Hunt Mine sale process has been successfully completed, with the selection of a preferred bidder. RNC has granted exclusivity to this bidder to allow for completion of the final phase of the sale process (final due diligence, settlement of definitive documents, and all other steps related to the closing and completion of the transaction, which RNC expects will occur in August 2018 ). The sale process for RNC's 100% owned Beta Hunt Mine (announced March 22, 2018 ), is being led by financial advisors PCF Capital Group and Haywood Securities Inc.
TORONTO , July 23, 2018 /CNW/ - RNC Minerals ("RNC") (RNX.TO) announces that, further to its news release dated June 18, 2018 relating to the US$10 million RNC convertible note held by Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Onshore Master, LP (collectively, "Waterton") (which prior release indicated that, in the event the full US$10 million of principal was converted into units of the Dumont Nickel-Cobalt JV (the "JV"), RNC's interest would be diluted to approximately 28%), RNC has received a conversion notice for the full principal amount of the debenture. As a result, once the conversion is executed, RNC's interest in the JV will be diluted to approximately 28%. As a holder of a 28% interest, RNC will retain the right to nominate one of four directors, the right to act as manager and participate in all key decisions, certain veto rights, and certain liquidity rights, obligations and protections (including rights of first refusal and special exit arrangement provisions which, if applicable, would provide that both partners sell their JV interest at the same price and on the same terms, and, in certain instances, require a 120 day auction process led by a third party financial advisor to ensure the project receives an appropriate market valuation).
TORONTO , June 28, 2018 /CNW/ - RNC Minerals ("RNC") (RNX.TO) is pleased to announce the voting results of its annual meeting of shareholders held today in Toronto . The nominee directors listed in RNC's management information circular dated May 28, 2018 were elected as directors.
Mark Selby , President and CEO of RNC, commented, "This cash withdrawal avoids significant equity dilution at current price levels and allows a significant reduction in RNC's debt with the elimination of the majority of its debt payments in 2018. With the improved visibility from the Beta Hunt sale process, we believe that the value of the debt extension announced on May 31, 2018 has been reduced.