|Bid||0.3350 x N/A|
|Ask||0.3400 x N/A|
|Day's Range||0.3350 - 0.3600|
|52 Week Range||0.2000 - 0.7300|
|Beta (5Y Monthly)||-0.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar. 25, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.97|
Royal Nickel Corporation (TSE:RNX) shareholders should be happy to see the share price up 12% in the last week. But...
RNC will host a call/webcast on March 26, 2020 at 10:00 a.m. (Eastern Time) to discuss the fourth quarter results. North American callers please dial: 1-888-231-8191, international callers please dial: ...
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 ...
TORONTO , Feb. 6, 2020 /CNW/ - RNC Minerals (TSX: RNX) ("RNC" or the "Company") today announced that the Company has filed on SEDAR an independent technical report prepared in accordance ...
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.