|Bid||0.5600 x N/A|
|Ask||0.5700 x N/A|
|Day's Range||0.5500 - 0.5700|
|52 Week Range||0.2000 - 0.7300|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Glass Lewis is a leading independent, third party proxy advisory firm that, among other services, provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. In order to mitigate risks to the health and safety of our shareholders, employees and other stakeholders associated with the COVID-19 pandemic, this shareholders meeting will be held in a virtual format only and conducted via live webcast.
RNC Minerals Announces High-Grade Gold Results at HGO and Drilling Program at Paleochannel Targets
If you're interested in Royal Nickel Corporation (TSE:RNX), then you might want to consider its beta (a measure of...
This transaction, once completed, will eliminate all remaining NSR royalty obligations in respect of the affected tenements, with the exception of the mandatory Western Australia state royalty of 2.5%. During the first four months of 2020, we have delivered numerous positive exploration and development updates at Higginsville to the market and we expect this trend to continue.
RNC Minerals ("RNC" or the "Company") (RNX.TO) is pleased to announce that it has entered into a purchase agreement to acquire the Spargos Reward Gold Project, which contains a historical JORC1 (2012) Mineral Resource Estimate of 112,000 oz (785,800 tonnes @ 4.4 g/t) indicated resource and 19,000 oz (151,000 tonnes @ 4.0 g/t) inferred resource,2 as detailed in Table 1 below. Note: A qualified person has not done sufficient work on behalf of RNC to classify the historical estimate noted in Table 1 below as current mineral resources or mineral reserves, and RNC is not treating the historical estimates as current mineral resources or mineral reserves.
RNC Delivers Strong First Quarter Financial and Operating Performance, Continuing to Reduce Costs and Bolster the Balance Sheet, Reiterates 2020 Guidance
RNC Minerals ("RNC" or the "Company") (RNX.TO) is pleased to announce senior management will host a conference call / webcast on May 7, 2020 at 10:00 a.m. (Eastern Time) to discuss the corporation's first quarter 2020 results. RNC plans to issue a news release containing first quarter 2020 results before markets open on Thursday, May 7, 2020 .
RNC Minerals ("RNC" or the "Company") (RNX.TO) is pleased to announce strong consolidated gold production of 24,816 gold ounces for the first quarter of 2020 from its Beta Hunt and Higginsville mines in Western Australia . RNC's consolidated cash balance increased to $38.4 million as at March 31, 2020 , an 11% increase from $34.7 million on December 31, 2019 . As of March 31, 2020 , approximately 5,500 ounces remain in the hedge book put in place in connection with the June 2019 Higginsville acquisition and financing, which will be depleted during Q2 2020.
RNC Minerals ("RNC" or the "Company") (RNX.TO) announced today that it has received the approval of the Toronto Stock Exchange (the "TSX") for a normal course issuer bid (the "Bid") to purchase up to no more than 30,415,198 of its issued and outstanding common shares (the "Common Shares"). Purchases under the Bid may commence on April 17, 2020 . The Bid will expire no later than April 16, 2021 .
Royal Nickel Corporation (TSE:RNX) shareholders should be happy to see the share price up 12% in the last week. But...
RNC Announces Strong Fourth Quarter Results Including Gold Production of 26,874 oz, Adjusted Earnings(2) of $14 million, 2H19 AISC(1),(2) Guidance Beat and No Change to 2020 guidance
A task force at our Australian operations, led by Graeme Sloan , Managing Director, Australian Operations, has been established to ensure our operating sites remain as prepared and responsive to this evolving situation as possible. With respect to operations, our 2020 production guidance of 90-95 koz and AISC1 guidance of US$1,050 - US$1,200 /oz remains unchanged.
Barry is a seasoned CFO in the mining sector, with over 30 years of accounting and finance experience. Barry and I spent five years together building Klondex Mines Ltd. I am very excited to be able to leverage his experience in the mining sector, and specifically with a growing gold producer, at RNC Minerals.
RNC Minerals Announces New Visible Gold Discovery at Surface and High Grade Intersections Revealed by Ongoing Review of Historic Higginsville Database; Recent RNC Drilling Extends Boundaries of Deposits ...
RNC Minerals Announces Filing of NI 43-101 Technical Report for Previously Announced Beta Hunt Gold Mineral Reserve
A recent high density gravity survey has delineated a new geological structure at the Company's Higginsville Operations ("HGO"). The new structure extends for approximately 5 km, and runs sub-parallel to the major regional Zuleika, Speedway and Boulder Lefroy shears which controls the bulk of the gold mineralisation between the Golden Mile (60 Mozs).and Norseman (6 Mozs) mining centres. The new structure is located 5 km north of the previously mined 1.0 Moz Trident underground mine and the HGO mill.
Production of 90,000-95,000 oz; note that production guidance does not include contributions from coarse gold occurrences at Beta Hunt. Based on management's current interpretation of the Beta Hunt shear zone / Lunnon Sediment intersection horizons, coarse gold is expected to be produced during 2020. The re-negotiation of the Morgan Stanley Royalty at HGO has unlocked multiple high priority areas of the 1,800km2 land package previously not explored.
Given the strong cash generation from its operations, during December 2019 RNC elected to pay down $3 million in debt early (thereby reducing 2020 interest costs), finishing the year with a strong cash balance of $34 million . The monthly production results for December continue to demonstrate the consistently improving production RNC has achieved since the acquisition of the Higginsville Gold Mine and Mill.
Chad is a well recognized leader in the mining industry, not only with the resounding success of Red Cloud but throughout his career in executive management, investment banking and as a mining analyst. Mr. Williams is the Chairman and Founder of Red Cloud Securities, and has extensive experience in mining finance and management, having previously held the positions of CEO of Victoria Gold Corp., Head of Mining Investment Banking at Blackmont Capital Inc. and a top-ranked mining analyst at TD Bank and other Canadian brokerage firms.
Prior to these amendments, the royalty on these tenements was comprised of a 1.75% NSR plus a 50% participation payment on the difference between realized gold price and A$1,340 per ounce (the "legacy rate"). The restructured royalty provides for a flat 2% NSR after payment of an adjusted legacy rate on the first 10,000 gold ounces sold per annum.