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 People Tree for Aurion Resources Ltd
    Publisher: Kaiser Research Online
    Author: Copyright 2009 John A. Kaiser

 

People Tree for Aurion Resources Ltd (AU-V)
Aurion Resources Ltd (AU-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
117,554,971
Price
$0.78
Working Capital
$25,303,115
Story Type
Discovery Exploration
Diluted
126,923,894
Insiders
18.4%
As of
12/31/2021
Key People
Matti Talikka (CEO), David Lotan (Chair), Mark Serdan (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021: Aurion Resources Ltd is a Fair Spec Value rated Favorite at $1.30 effective December 31, 2021 based on its strategic land position within the Central Lapland Greenstone Belt of northern Finland where a 4 million ounce gold discovery in 2020 by Rupert Resources Ltd is likely to result in a district consolidation over the next two years. The CLGB has a scale similar to the Abitibi Greenstone Belt but has recorded the discovery of only 9.1 million ounces gold compared to 85 million ounces in the Abitibi largely due to relative under-exploration. Finland's geological survey, GTK, dominated exploration activity and outlined a 285,000 oz orogenic style gold deposit in 1987-1991 at the Suurikuusikko project. In 1997 Finland changed its mining code to allow exploration by foreigners; Riddarhyttan Resources AB won the public tender in 1998 and delineated the deposit with backing from Agnico-Eagle which acquired the entire project in 2005 and put it into production as the 6,000 tpd Kittila Mine in 2009. At the end of 2020 the Kittila resource stood at 4.1 million oz (30 million t @ 4.16 g/t Au) with Agnico-Eagle guiding 250,000 oz production for 2021 and a mine life until 2034. Aurion was a struggling prospect-generator-farmout junior when David Lotan took charge and refocused the junior to Finland by acquiring a major land position in 2014 from Dragon Mining Ltd. The geological hypothesis was that the 120 km long Sirkka Shear Zone was the crustal scale equivalent to the Destor-Porcupine Fault that runs through the Timmins District in Ontario and that tens of million ounces remained to be found by exploring the splays that come off this structure. This flew in the face of the fact that the refractory Kittila Mine is more than 20 km from the SSZ. A large portion of the land package straddling the western two-thirds now called Kutuvuoma was optioned to B2Gold Corp in August 2015 which spent $15 million to earn 70% and in October 2021 elected to form a 70:30 JV with Aurion rather than earn 75% by funding a BFS. Aurion kept the Risti and Launi blocks in the east for itself and conducted grassroots exploration with a limited budget until it caught a major break in February 2017 with the discovery of a field of quartz boulders with bonanza grade visible gold. The Aamurusko discovery attracted Eric Sprott and Kinross as major investors, of whom Kinross continues to maintain a stake just under 10%. Aurion has since invested $34 million exploring its Finland projects, with Risti getting the bulk of the work. However, despite 138 holes representing 24,216 m, many of them intersecting short intervals of high grade gold, the Aamurusko area has not yet yielded a zone of continuous mineralization for which a meaningful resource estimate can be calculated. In late 2021 Aurion raised nearly $17 million through a no warrant financing at $0.90, bringing its working capital back to $25 million. Aurion was set to fade into an also-ran if it were not for two major developments in the CLGB. The first look place in June 2020 when Rupert Resources Ltd announced a new gold discovery on the Pahtavaara project north of Aurion's land package it had acquired in 2016. The 1,400 tpd Pahtavaara mill sits in the middle of the claim block next to a set of partially mined veins for which Rupert estimated a resource of 4.6 million t @ 3.2 g/t Au (474,000 oz) which it hoped to redevelop to feed the mill. At the same time Rupert conducted a property wide basal till sampling program - much of the land is covered by swamp or 5-40 m thick overburden. This yielded a number of gold in till anomalies in the western part just north and east of the Kutuvuoma claim boundary. One of these, Ikkari, yielded a major discovery during early 2020 winter drilling. But before Rupert knew it had a big discovery on its hands it secured a $13 million strategic investment in February 2020 from Agnico-Eagle in the form of $0.85 units which on a fully diluted basis (196.5 million) would give Agnico-Eagle a 14.9% equity stake. Unlike the erratic mineralization at Aurion's Aamurusko discovery the Ikkari zone drilled off very quickly, yielding an initial inferred resource of 49,330,000 t @ 2.5 g/t gold (3,950,000 oz) as open pit and underground mineable ore. The resource includes no drill holes below 450 m though the zone has been intersected at a depth of 650 m. The mineralization is not-refractory like the Kattila ore and its orogenic nature allows substantial potential at depth (Kattila has a 2,000 m vertical extent). The significance of the Ikkari discovery is that it supports the hypothesis that multi-million ounce gold deposits with ore grade are associated with the Sirkka Shear Zone, and that detailed till sampling to outline potential blind zones is the way to go. Aurion plans to conduct basal till sampling on a much more detailed scale on its 100% owned Risti and Launi claim blocks during the 2022 summer season. The other major development for Aurion was that in 2021 B2Gold changed its exploration focus to the eastern part of Kutuvuoma where drilling along the structure associated with the 800 m Ikkari zone as it projects onto the JV ground yielded a new discovery called Helmi that appears similar to Ikkari. B2Gold has proposed a $10 million delineation drill program of which Aurion will contribute $3 million. That still leaves Aurion with plenty of money to explore its own ground while being able to pay its share if B2Gold expands its Helmi program, and participate in 2023 without having to go to market to raise more capital. With only 126.9 million fully diluted, Aurion has upside potential of $2.00-$2.50 if B2Gold delivers a billion dollar prize at Hemli, $7-$8 if Aurion finds an Ikkari clone on its 100% owned ground that can be drilled off quickly. The real game, however, is about who will control the Sirkka Shear Zone district. Agnico-Eagle already controls the Kattila area north of the SSZ and has a nearly 15% equity stake in Rupert whose land position has ample room for multiple Ikkari scale discoveries. B2Gold is a mid-tier producer which controls 70% of the second largest land position in the area, with Aurion as a well funded 30% partner. Aurion, which perhaps spent far too much time and money chasing the source of the flashy high grade quartz boulders, has a green light for intensive sampling of the entire 100% land package. Rupert is sitting with a now pointless 1,400 tpd mill far too small for the Ikkari deposit. It is itself a potential takeover target for Agnico-Eagle which has not yet exercised its right to appoint 2 people to Rupert's board, and technically is below the 10% insider threshold on an issued basis. Aurion's Aamurusko Zone could end up becoming mill feed for the Pahtavaara mill, so perhaps a friendly merger with Aurion is a possibility. B2Gold is a mid-tier gold producer which would likely prefer that it absorb Aurion rather than the neighbor Rupert for whom it might also have eyes if Helmi does turn into another Ikkari scale discovery. Aurion Resources Ltd is a Favorite because it sits in the middle of this game as the prize everybody except Agnico-Eagle needs. And then there is Kinross with just under 10% of Aurion, probably busy digesting the Great Bear acquisition unless Barrick does snatch it away. The largest shareholder is David Lotan with 9.7 million shares and he has the smarts to play this to the hilt without being overcome by ego. And he now has Matti Talikka as the new CEO after Mike Basha stepped down in early 2021 due to a family tragedy. Between 2007-2015 he was the exploration general manager for Dragon Mining in charge of Sweden and Finland so he knows how things work in Finland. All this is unfolding against a possible gold bull market whose impact on gold producer prices would provide cover for bold acquisitions.
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
David Lotan Investor 4/20/2017 Chairman 9,725,382 8.3%
David Loveys Accountant 2/2/2010

318,900 0.3%
Dennis Clarke Lawyer 11/16/2012

300,000 0.3%
Matti Talikka Geologist 1/15/2015 CEO 212,000 0.2%
Leily Omouni Engineer 3/31/2021

0 0.0%
Kerry E. Sparkes Geologist 12/3/2019

0 0.0%
Kinross Gold Corp Public Company 4/1/2019


8,523,269 7.3%
Michael Basha Geologist 10/16/2008

Advisory Board 2,541,071 2.2%
Mark Serdan Accountant 1/23/2018
CFO 0 0.0%
Canstar Resources Inc (ROX-V) Web SiteTreeForumSEDARQuoteFREE
Issued
108,503,672
Price
$0.13
Working Capital
$7,502,853
Story Type
Discovery Exploration
Diluted
150,791,618
Insiders
48.3%
As of
12/31/2021
Key People
Robert Bruggeman (CEO), Jacqueline Allison (Chair), John E. Hurley (CFO), Matthew Lapointe (VP EX), Bob Patey (VP EX),
SV Rating: Bottom-Fish Spec Value - as of December 15, 2021
Hop to this company's People Tree
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kerry E. Sparkes Geologist 8/15/2018

Advisory Board 0 0.0%
Robert Bruggeman Broker 9/16/2020 CEO & President 1,550,895 1.4%
Sam Leung Engineer 7/30/2018

1,150,000 1.1%
James Clare Lawyer 11/29/2021

342,857 0.3%
Neil Burns
11/29/2021

263,000 0.2%
Jacqueline Allison Geoscientist 12/1/2021 Chairman 0 0.0%
2176423 Ontario Ltd Private Company 7/9/2021


27,863,339 25.7%
Adventus Zinc Corp Public Company 8/15/2018


17,376,339 16.0%
Altius Minerals Corp Public Company 8/15/2018


3,669,024 3.4%
John E. Hurley Accountant 1/1/2001
CFO 184,525 0.2%
Laurence Curtis Geologist 2/9/2021

Advisory Board 0 0.0%
Matthew Lapointe Geologist 9/21/2021
VP Exploration 0 0.0%
Bob Patey Geologist 8/15/2018
VP Exploration 0 0.0%
Karen Willoughby Investor Relations 8/15/2018

IR 0 0.0%
Chibougamau Independent Mines Inc (CBG-V) Web SiteTreeForumSEDARQuoteFREE
Issued
53,576,570
Price
$0.18
Working Capital
$765,901
Story Type
Feasibility Demonstration
Diluted
54,351,570
Insiders
23.0%
As of
12/31/2021
Key People
Jack Stoch (CEO), Marie-Josee Audet (CFO),
SV Rating: Bottom-Fish Spec Value - as of December 7, 2021
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
David Lotan Investor 5/9/2019

0 0.0%
Jack Stoch Businessperson 1/1/2010 CEO & President 3,566,336 6.7%
Dianne Stoch Consultant 1/1/2010

563,322 1.1%
Rimant (Ray) Zalnieriunas Geologist 1/1/2010

137,500 0.3%
David J. Leclaire Broker 1/1/2012

7,900 0.0%
Samuel R. Bosum Consultant 1/1/2012

0 0.0%
Lotan Holdings Inc Private Company 4/24/2019


4,206,500 7.9%
Verendrye Capital Corp Private Company 8/8/2018


3,863,900 7.2%
Marie-Josee Audet Investor 4/24/2019
CFO 0 0.0%
Cornerstone Capital Res Inc (CGP-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
36,921,277
Price
$3.82
Working Capital
$7,094,612
Story Type
Discovery Exploration
Diluted
39,030,152
Insiders
38.2%
As of
12/31/2021
Key People
Brooke Macdonald (CEO), David Loveys (CFO), Yvan Crepeau (VP EX),
SV Rating: Unrated
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
David Loveys Accountant 11/1/2006 CFO 36,053 0.1%
H. Greg Chamandy Businessperson 7/12/2017

3,334,819 9.0%
Brooke Macdonald Lawyer 4/16/2009 CEO & President 180,267 0.5%
W. John Clarke Lawyer 7/1/1999

47,434 0.1%
Beverly Evans Accountant 6/11/2010

10,556 0.0%
Colin McKenzie Geologist 2/1/2005
Chairman 5,417 0.0%
Dmyant Sangha Broker 6/25/2019


6,046,493 16.4%
Rosseau Asset Management Ltd Institution 6/25/2019


4,414,525 12.0%
John M. Fleming
7/1/1999
Advisory Board 14,177 0.0%
Yvan Crepeau Geologist 6/11/2013
VP Exploration 0 0.0%
Dennis Jones Geologist 5/12/2017

Advisory Board 0 0.0%
Lundin Gold Inc (LUG-T) Web SiteTreeForumSEDARQuoteFREE
Issued
233,361,883
Price
$10.53
Working Capital
$217,221,000
Story Type
Producer
Diluted
238,636,724
Insiders
81.1%
As of
12/31/2021
Key People
Ron F. Hochstein (CEO), Andre Oliveira (VP EX), Nathan Monash (VP CD),
SV Rating: Unrated
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kinross Gold Corp Public Company 12/17/2014

Vendor 20,656,250 8.9%
Carmel Daniele Accountant 1/1/2015

10,660,000 4.6%
C. Ashley Heppenstall
5/1/2015

150,000 0.1%
Ron F. Hochstein Engineer 5/25/2004 CEO & President 52,500 0.0%
Ian W. Gibbs
6/10/2005

12,500 0.0%
Chantal Gosselin Analyst 3/21/2017

8,000 0.0%
Craig Jones
6/1/2018

0 0.0%
Newcrest Canada Private Company 6/1/2018


71,582,228 30.7%
Zebra Holdings and Investments SARL Family Trust 7/28/2010


41,093,714 17.6%
Orion CO-VI Ltd Corporation
6/1/2018


24,213,075 10.4%
Nemesia S.a.r.l. Private Company 1/22/2021


20,695,407 8.9%
Pablo Mir Lawyer 12/17/2014


46,660 0.0%
Paul McRae Engineer 12/17/2014


1,375 0.0%
David Dicaire Mining Executive 4/12/2016

Project Manager 0 0.0%
Nathan Monash
4/13/2015
VP Corp Dev 0 0.0%
Andre Oliveira Geologist 3/21/2022
VP Exploration 0 0.0%
Messina Minerals Inc (MMI-V) Web SiteTreeForumSEDARQuoteFREE
Issued
12,583,112
Price
$0.06
Working Capital
($42,831)
Story Type
Feasibility Demonstration
Diluted
13,803,112
Insiders
40.6%
As of
6/30/2013
Key People
Peter Tallman (CEO), Gary McDonald (CFO), Susan Tessman (Sec),
Delisted: Led by President and CEO Peter Tallman, Messina is a Newfoundland-focused polymetallic and base metals explorer with a porfolio of VMS projects. In September 2013 the company announced it had agreed to be acquired by Canadian Zinc through a plan of arrangement with shareholders receiving one Canadian Zinc share per 5.9 Messina shares.
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kerry E. Sparkes Geologist


Consultant 0 0.0%
Peter Tallman Geologist 5/30/2003 CEO & President 1,105,007 8.8%
Steven Brunelle Geologist 12/29/2000

696,625 5.5%
Gary McDonald Accountant 12/17/2004 CFO 140,000 1.1%
John L. Pallot Administrator 3/31/1993

53,000 0.4%
Canadian Zinc Corp
12/16/2013


3,000,000 23.8%
Susan Tessman
5/1/2004
Corporate Secretary 110,000 0.9%
BMK Communications Inc Investor Relations 11/20/2007

IR 0 0.0%
Orla Mining Ltd (OLA-T) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
247,600,000
Price
$5.51
Working Capital
$10,577,000
Story Type
Feasibility Demonstration
Diluted
297,743,374
Insiders
33.0%
As of
12/31/2021
Key People
Jason Simpson (CEO), Charles Jeannes (Chair), Etienne Morin (CFO), Andre Cormier (COO), Hans Q. Smit (COO), Sylvain Guerard (VP EX),
SV Rating: Poor Spec Value - as of December 13, 2018
Hop to this company's People Tree
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kerry E. Sparkes Geologist 2/5/2010

VP 672,300 0.3%
Hans Q. Smit Geologist 6/10/2015 COO 2,942,900 1.2%
Richard J. Hall Mining Executive 6/10/2015

2,157,000 0.9%
Jean Robitaille Metallurgist 12/6/2016

1,777,450 0.7%
Charles Jeannes Lawyer 6/19/2017 Chairman 1,736,100 0.7%
George Albino Analyst 6/19/2017

301,000 0.1%
Tim Haldane Engineer 6/19/2017

78,500 0.0%
Jason Simpson Engineer 11/12/2018 CEO & President 0 0.0%
David Stephens Broker 3/29/2018

0 0.0%
Goldcorp Inc Public Company 6/27/2018


34,410,141 13.9%
Pierre Lassonde Mining Executive 6/19/2017


20,073,500 8.1%
Agnico-Eagle Mines Ltd Public Company 6/27/2018


17,613,835 7.1%
Andre Cormier Engineer 4/9/2020
COO 0 0.0%
Sylvain Guerard Geologist 8/24/2020
VP Exploration 0 0.0%
Etienne Morin
3/13/2018
CFO 0 0.0%
Pan Andean Minerals Ltd (PAD-V) Web SiteTreeForumSEDARQuoteFREE
Issued
97,525,647
Price
$0.18
Working Capital
$1,841,446
Story Type
Discovery Exploration
Diluted
113,432,314
Insiders
15.8%
As of
11/30/2021
Key People
Sungbum Spencer Huh (CEO), Nancy Zhao (CFO), Gunmin Park (VP CD), Chris Chung (VP FI),
SV Rating: Unrated
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kinross Gold Corp Public Company 5/1/2008

Placee 77,750 0.1%
Gary W. Anderson
8/15/2016

5,000,000 5.1%
Jenny Egusquiza Oliveros Lawyer 8/15/2016
Vendor 5,000,000 5.1%
Z. Adam Szybinski
8/15/2016
Vendor 5,000,000 5.1%
Sungbum Spencer Huh
5/17/2018 CEO & President 0 0.0%
John M. Kowalchuk Geologist 5/1/2013

0 0.0%
David B. Elliott Broker 3/12/2007

Placee 355,000 0.4%
Raymond Chan Businessperson 11/29/2019

Advisory Board 0 0.0%
Chris Chung
2/26/2018
VP Finance 0 0.0%
Jay Han
10/10/2018

Advisory Board 0 0.0%
Peter Hoh
4/9/2018
Advisory Board 0 0.0%
Sung Rock Hwang
7/11/2018
Advisory Board 0 0.0%
Ki-Tae (Robert) Lee Fund Manager 3/5/2019

Advisory Board 0 0.0%
Doo Jae Min
10/10/2018

Advisory Board 0 0.0%
Gunmin Park Engineer 4/6/2020
VP Corp Dev 0 0.0%
Dongmok Whang
4/5/2018
Advisory Board 0 0.0%
Nancy Zhao Accountant 3/26/2019
CFO 0 0.0%
Rainy River Resources Ltd (RR-T) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
100,395,804
Price
$3.42
Working Capital
$73,992,970
Story Type
Feasibility Demonstration
Diluted
110,231,772
Insiders
1.8%
As of
6/30/2013
Key People
Raymond Threlkeld (CEO), Leo N. S. Berezan (Chair), Michael Mutchler (COO), Kerry E. Sparkes (VP EX),
Delisted: Led by CEO and President Raymond Threlkeld, Rainy River is focused on its 26,000 hectare Rainy River project in Northwestern Ontario where it is attempting to outline deposits mineable by both open pit and underground methods. Acquired in June 2005 from Nuinsco as a property hosting three known mineralized zones, Rainy River has identified a number of additional zones and in February 2008 completed resource estimates including the 17/ODM Zones, Beaver Pond Area, the 433 Zone and the CAP Zone identifying 1.4 million indicated gold ounces and an additional 2.2 million inferred ounces. By February 2012 the resource had grown to 5.72 million measured and indicated gold ounces, with 2.25 million inferred. A PEA completed in November 2011 for a 13 year combined open-pit and underground operation with a 31,000 TPD mill reported a pretax NPV(5%) of $786 million and an IRR of 19.4% using a gold price of $1,200. LOM production is forecast at 329,000 gold ounces annually, with average cash costs of $417 per ounce net of silver credits. An updated PEA filed in August 2012 offered a scaled back mining scenario of 20,000 tpd which blends open and underground ore averaging 305,000 oz gold and 478,000 oz silver during the initial 10 years. A PFS is expected in the first half of 2013. In May 2013 the company announced it had agreed to be acquired by New Gold for, at the election of each holder of Rainy River common shares, 0.5 of a common share of New Gold or $3.83 in cash. The offer values the fully diluted in-the-money share capital of Rainy River, net of Rainy River's current cash balance, at approximately $310-million.
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kerry E. Sparkes Geologist 10/28/2010
VP Exploration 0 0.0%
Leo N. S. Berezan
4/3/1998 Chairman 1,334,048 1.3%
Stuart A. Averill Geologist 8/8/2005

360,000 0.4%
Raymond Threlkeld Mining Executive 6/23/2009 CEO & President 53,200 0.1%
Gerald J. Shields Lawyer 1/1/2007 VP 28,109 0.0%
Richard Pettit Accountant 6/17/2010

4,300 0.0%
James D. Excell Metallurgist 6/17/2010

0 0.0%
Dale C. Peniuk Accountant 4/20/2007

0 0.0%
Bradley Baker Investor Relations 8/31/2005

IR 0 0.0%
John Halme Investor Relations 6/12/2008

IR 0 0.0%
Michael Mutchler Engineer 10/11/2011
COO 0 0.0%
Nicholas J. Nikolakakis Accountant 5/18/2010
VP 0 0.0%
Rapier Gold Inc (RPR-V) Web SiteTreeForumSEDARQuoteFREE
Issued
98,496,125
Price
$0.07
Working Capital
($124,744)
Story Type
Discovery Exploration
Diluted
129,166,625
Insiders
12.7%
As of
9/30/2017
Key People
David Lotan (CEO),
Delisted: Rapier is a 2013 spin-off from Rogue Iron Ore Corp that is focused on gold exploration in Ontario's Porcupine mining district.
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
David Lotan Investor 3/30/2017 CEO 0 0.0%
Darren J. Blasutti Accountant 3/30/2017

0 0.0%
Paul A. Parisotto Investment Banker 3/30/2017

0 0.0%
Lorie Waisberg Lawyer 3/30/2017

0 0.0%
Delbrook Capital Advisors Inc Institution 5/18/2016


12,500,000 12.7%
Michael Petrina Engineer 1/5/2016
Advisory Board 0 0.0%
David Rhys Geologist 1/5/2016

Advisory Board 0 0.0%
Red Back Mining Inc (RBI-T) Web SiteTreeForumSEDARQuote
Issued
262,993,220
Price
$34.80
Working Capital
$818,898,000
Story Type
Producer
Diluted
262,993,220
Insiders
17.0%
As of
6/30/2010
Key People
Richard P. Clark (CEO), Lukas H. Lundin (Chair),
Delisted: Red Back Mining is an Africa-focused mid-tier producer led by CEO Richard P. Clark and Chairman Lukas Lundin that is part of the Lundin group of companies. Red Back's two producing mines are Chirano in Ghana and Tasiast in Mauritania which together provide a cumulative resource of seven million gold ounces in all categories. In Q2 2008 Red Back produced 64,719 gold ounces at cash operating costs of $434 per ounce and for the full year Red Back achieved record gold production of 260,847 ounces, an increase of 76 per cent over 2007 production of 148,008 ounces. In addition to its operating mines Red Back also owns a 13% interest in Mineral Deposits Ltd. which is expecting to place its 3.5 million gold ounce Sabodala project in Senegal into production in December 2008.For 2009, the company is forecasting production of 170,000 ounces at Chirano and 230,000 ounces at Tasiast for a company total of 400,000 ounces, a 53% increase over 2008 levels, at average cash operating costs of approximately $385 per ounce, with production growing to approximately 500,000 ounces in 2010. In Q2 2010 the company earned $21.9 million on gold production of 106,362 ounces, with cash costs of $481 per ounce. On August 2, 2010 the company announced it had agreed to be acquired by Kinross Gold on the basis of 1.778 Kinross common shares, plus 0.110 of a Kinross warrant for each Red Back common share held. Roughly $30.50 per Kinross share, for a total transaction value of around $7.1 billion.
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kinross Gold Corp Public Company 5/7/2010


24,000,000 9.1%
Richard P. Clark Lawyer 6/21/2000 CEO & President 890,988 0.3%
Michael W. Hunt Lawyer 5/3/2004

236,020 0.1%
Robert F. Chase Businessperson 8/8/2005

50,000 0.0%
Lukas H. Lundin Mining Executive 5/29/2003 Chairman 33,769 0.0%
Brian D. Edgar Lawyer 8/8/2005

20,000 0.0%
George L. Brack Investment Banker 5/21/2009

10,000 0.0%
Ellegrove Capital Ltd. Private Company



19,449,332 7.4%
Rhyolite Resources Ltd (RYE-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
52,047,200
Price
$0.46
Working Capital
$2,551,764
Story Type
Discovery Exploration
Diluted
52,497,200
Insiders
0.3%
As of
9/30/2020
Key People
Fred Stanford (CEO), Cybill Tsung (CFO), Sandra Lee (Sec),
SV Rating: Unrated
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Michael Basha Geologist 1/26/2011

0 0.0%
Demetrius C. Pohl Geologist 5/15/2006

150,000 0.3%
Sandra Lee Administrator 6/9/2006
Corporate Secretary 0 0.0%
K. Peter Miller
6/9/2006

CFO 0 0.0%
Fred Stanford Mining Executive 9/7/2021
CEO & President 0 0.0%
Cybill Tsung Accountant 11/23/2020
CFO 0 0.0%
Sphinx Resources Ltd (SFX-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
166,459,261
Price
$0.01
Working Capital
($110,106)
Story Type
Discovery Exploration
Diluted
211,624,261
Insiders
2.7%
As of
11/30/2021
Key People
Jeremie Ryan (CEO), John W. W. Hick (Chair), Ingrid Martin (CFO),
SV Rating: Unrated
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kerry E. Sparkes Geologist 8/8/2005

202,117 0.1%
Normand Champigny Engineer 4/17/2012
CEO & President 1,731,666 1.0%
John W. W. Hick Lawyer 10/2/2014 Chairman 112,578 0.1%
Francois Biron Engineer 7/27/2016

100,000 0.1%
Lawrence Cannon Politician 5/15/2019

0 0.0%
Jeremie Ryan Businessperson 11/23/2018 CEO & President 0 0.0%
Pierre-Andre Viens Engineer 7/29/2020

0 0.0%
Leo N. S. Berezan
10/2/2014


2,000,000 1.2%
Ingrid Martin Accountant 10/2/2014
CFO 280,417 0.2%
Strategic Resources Inc (SR-V) Web SiteTreeForumSEDARQuoteFREE
Issued
42,585,372
Price
$0.32
Working Capital
$954,032
Story Type
Discovery Exploration
Diluted
49,225,372
Insiders
4.3%
As of
12/31/2021
Key People
Scott Hicks (CEO), Martin Rip (CFO), Leo Hathaway (VP EX),
SV Rating: Unrated
Hop to this company's People Tree
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Mark Serdan Accountant 4/24/2019

0 0.0%
Scott Hicks Investment Banker 4/24/2019 CEO 0 0.0%
Timo Maki Geologist 4/24/2019

0 0.0%
Michael P. Moore Geologist 9/7/2016

0 0.0%
Martin Rip Accountant 4/24/2019 CFO 0 0.0%
Marshall Koval Geologist 12/15/2016


1,431,250 3.4%
Medalist Capital Corp Private Company 4/24/2019

Finder 400,000 0.9%
Lyle Braaten Lawyer 4/24/2019
VP 0 0.0%
Leo Hathaway Geologist 4/24/2019
VP Exploration 0 0.0%
Underworld Resources Inc (UW-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
53,625,637
Price
$2.58
Working Capital
$7,039,266
Story Type
Feasibility Demonstration
Diluted
53,625,637
Insiders
14.4%
As of
12/31/2009
Key People
Adrian W. Fleming (CEO), Cale J. Moodie (CFO), Jason Cunliffe (VP EX), Robert J. McLeod (VP EX),
Delisted: Underworld Resources Ltd went public by IPO in 2007 under Adrian Fleming, Michael Williams, and Robert McLeod, with an initial focus on projects in New Zealand, but branched out with an option on the Pogo-style White gold project in Yukon. After initial drilling at White Gold in 2008 that reported some narrow high-grade intercepts, summer 2009 drilling saw the company begin to report longer intercepts such as 104 meters of 3.4 grams per tonne gold in hole Wd-031 as the stock moved into the dollar range. In January 2010 Underworld reported an initial resource estimate of 1,004,570 ounces at a grade of 3.2 grams per tonne gold in an indicated category, with an additional 407,413 ounces of inferred resources at an average grade of 2.5 grams per tonne gold. In March 2010 the company received a share-based takeover offer from Kinross of 0.141 Kinross share and $0.01 per Underworld share, equivalent to $2.62 per Underworld share at the time of announcement, or $139 million on a fully diluted basis.
Hop to this company's People Tree
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kinross Gold Corp Public Company



3,918,181 7.3%
Adrian W. Fleming Geologist 12/1/2005 CEO & President 1,105,000 2.1%
Robert J. McLeod Geologist 12/1/2005 VP Exploration 1,010,000 1.9%
Michael J. Williams Businessperson 12/1/2005

1,005,000 1.9%
Jeffrey R. Sundar Investor Relations 12/1/2005

308,000 0.6%
Darryl S. Cardey Businessperson 8/12/2005

301,300 0.6%
Marcel de Groot Accountant 12/16/2006

74,000 0.1%
Christopher E. Herald Geologist 11/24/2009

0 0.0%
Jason Cunliffe Geologist 1/9/2008
VP Exploration 0 0.0%
Hamish Greig Administrator 8/6/2008

IR 0 0.0%
Cale J. Moodie Accountant 1/9/2008
CFO 0 0.0%
Victoria Gold Corp (VGCX-T) Web SiteTreeForumSEDARQuoteFREE
Issued
62,701,207
Price
$14.79
Working Capital
$62,807,858
Story Type
Producer
Diluted
65,931,703
Insiders
45.0%
As of
12/31/2021
Key People
John McConnell (CEO), Mark Corra (CFO), Paul D. Gray (VP EX), Peter Ozorio (Sec),
SV Rating: Unrated
Hop to this company's People Tree
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kinross Gold Corp Public Company 8/8/2016


3,725,775 5.9%
Christopher Hill
8/18/2011

1,153,341 1.8%
John McConnell Engineer 7/31/2007 CEO & President 502,091 0.8%
T. Sean Harvey Businessperson 7/31/2007

306,667 0.5%
Michael D. McInnis Geologist 12/19/2008

118,833 0.2%
Sean E. O. Roosen Mining Executive 6/25/2018

66,667 0.1%
Patrick D. Downey Mining Executive 6/29/2016

33,333 0.1%
Jacques Perron Engineer 6/18/2018

10,000 0.0%
Letha MacLachlan Lawyer 12/21/2018

3,067 0.0%
Orion CO-VI Ltd Corporation
10/8/2019


11,452,610 18.3%
Sun Valley Gold LLC Institution 8/25/2010


6,138,537 9.8%
Electrum Strategic Opprotunities Fund LP Institution 8/8/2016


4,693,333 7.5%
Mark Corra


CFO 0 0.0%
Anthony George Engineer 2/15/2017
VP 0 0.0%
Paul D. Gray Geologist 4/25/2017
VP Exploration 0 0.0%
Peter Ozorio


Corporate Secretary 0 0.0%
Wolfden Resources Corp (WLF-V) RSWeb SiteTreeForumSEDARQuoteFREE
Issued
152,818,670
Price
$0.23
Working Capital
$3,069,292
Story Type
Feasibility Demonstration
Diluted
177,416,170
Insiders
29.5%
As of
12/31/2021
Key People
Ronald N. Little (CEO), Lance Dyll (CFO), Jeremy Ouellette (VP CD), Don Dudek (VP EX), Shaun Drake (Sec),
SV Rating: Bottom-Fish Spec Value - as of December 31, 2021: Wolfden Resources Corp started off as a Bottom-Fish Spec Value rated 2020 Favorite at $0.12 on December 31, 2019 and was upgraded to a Good Spec Value Favorite at $0.165 on July 10, 2020 following KRO's publication of outcome visualizations for the polymetallic Pickett Mtn project in Maine. The West and East lenses were discovered by Getty during the 1980's but never developed because the deposit wasn't large enough to develop and further exploration was not pursued as oil companies gave up on the oil sector. After Maine created a new mining code in 2017 Wolfden acquired Pickett Mtn from the logging company that owned it. Wolfden spent 2018 drilling the existing lenses deeper and converting the historic drill data into a 43-101 resource published in January 2019 which boosted the resource to 4,080,000 tonnes of massive sulphide high grade zinc, lead, copper, silver and gold mineralization, just enough to support a 1,000 tpd underground mine with a 10 year life whose three concentrates (zinc, lead and copper) would be shipped to off-site smelters. Wolfden applied to Maine in early 2020 to rezone a 500 acre parcel from logging use to industrial use, a necessary step for a mine permit application. This application required an operating scenario for which Wolfden chose 1,000 tpd; Wolfden is working on a PEA it hopes to release early Q3 of 2020. The KRO 1,000 tpd OV anticipates what a life-of-mine average based DCF model would look like. Run at spot prices, depressed for zinc and lead in 2020 due to the Covid-19 related global slowdown, with a risk adjusted 10.5% discount rate, this OV projects a USD $151 million after-tax NPV with 32.2% IRR, which translates into a future CAD $1.39 target for Wolfden if there is no further dilution. The fair speculative value range for such an outcome is $0.14-$0.35, jumping to $0.35-$0.69 if Wolfden decides to proceed with a PFS after delivering a PEA with an outcome similar or better than the KRO 1,000 tpd OV. But that is the worst case scenario and not the reason why Wolfden is a Good Spec Value Favorite. Wolfden started a 5,000 m drill program in July 2020 whose goal is to expand the existing resource toward a target of 10 million tonnes of similar grade that would support a 2,000 tpd operation with a minimum 10 year mine life. The footprint of the land use rezoning application is large enough to support an operation at that scale. The existing West-East lenses have down-dip room for up to 2 million extra tonnes, so a few holes will be drilled to test the deeper extent of the West Lens and a theory about a second order folding within the deposit that has emerged from detailed relogging of the core. Wolfden will revisit the Footwall Zone, an older VMS horizon whose testing in 2019 was frustrated by drilling problems. The originally flat stratigraphy of this VMS system has been folded repeatedly and the West-East lenses sit within the near vertical eastern limb of an anticline whose axis has been eroded away. The final drill hole of 2019 (PX-001) was lost in stringer mineralization in what would be the footwall of the western limb of this anticline. This hole will be redrilled to see if a massive sulphide lens is present. During 2019 Wolfden did detailed geophysics and soil sampling within a 3 km by 5 km grid surrounding the West-East lenses that revealed new conductors in 4 target areas named A-D. These potential massive sulphide lenses were probably not seen by Getty's geophysics during the 1980's and have never been drilled. Getty was drawn early to the West-East lenses because they have obvious geophysical signatures and a strong geochemical halo. The instant exploration success distracted Getty from chasing more subtle targets. The A-D targets have footprints comparable to the combined West-East lenses, so have room to deliver up to 16 million tonnes of massive sulphides. All we are looking for is 5 million tonnes of satellite zones to boost the resource to 10 million tonnes (2020 drilling will pull the West-East lens resource to 5 million tonnes). The soil geochemistry is very weak above these targets which is due to thicker overburden coverage. So these are geochemically blind targets which would also be the reason Getty never found them. KRO 2,000 tpd OV quantifies the value impact should Wolfden have exploration success during 2020 that boosts the overall resource to 10 million tonnes at the same grade as the existing resource, but processed at 2,000 tpd. The impact would be profound: USD $449 million after-tax NPV and 49.7% IRR at 10.5% discount rate which translates into a future target of CAD $4.12 if there is no further dilution. If Wolfden intersects high grade massive sulphides in these new zones, they would count as new discoveries that kick the market into S-Curve territory which for the 2,000 tpd OV would be a $2.06-$4.12 range. In terms of the rational speculation model such pricing achieved during 2020 would represent poor speculative value, but that will not be our problem. The market will be speculating that Wolfden can scale Pickett Mtn to that of the higher grade Buchans district in Newfoundland for which there is room on the property. But S-Curve speculation will go beyond the current target drilling area. In 2019 Wolfden flew a geophysical survey on a 30 km by 10 km grid covering the same belt of rocks favorable for VMS deposits, rocks last mapped during the 1950's. Most of this area is private land that includes mineral rights and is owned by large timber companies. If the geophysical survey drew a blank beyond the Pickett Mtn property, and Wolfden had no intention of negotiating a deal with the landowners, Wolfden wouldn't include that information about the survey in its corporate presentation. It is reasonable to speculate that some time in 2020 Wolfden will announce a deal that significantly expands its land position. The market's perception is that Wolfden owns a small deposit that maybe can double in size if the 2020 exploration drilling is successful; the stock price does not reflect the possibility of a substantially larger land position capable of hosting multiple VMS clusters that has never been systematically explored. If the current rethink of the existing Pickett Mtn system is expanded to include first pass exploration of a much larger district of similar geology, Wolfden Resources Corp will attract a much broader audience than it currently has. Among the 2020 Favorites Wolfden Resources Corp is an immediate priority for KRO members.
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Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Kinross Gold Corp Public Company 3/19/2019


15,625,000 10.2%
Ewan S. Downie Mining Executive 8/12/2009
Chairman 7,310,850 4.8%
Ronald N. Little Engineer 1/2/2018 CEO & President 3,406,667 2.2%
John Seaman Administrator 6/26/2018

434,000 0.3%
Donald S. Bubar Geologist 6/26/2018

230,000 0.2%
Ian Atkinson Mining Executive 6/26/2018

0 0.0%
Altius Resources Inc. Public Company



17,325,000 11.3%
Donald Hoy Geologist 6/24/2011

Chief Geologist 756,000 0.5%
Shaun Drake Administrator 4/23/2010
Corporate Secretary 0 0.0%
Don Dudek Geologist 7/3/2019
VP Exploration 0 0.0%
Lance Dyll Accountant 8/23/2012
CFO 0 0.0%
William J. Fisher Geologist 4/30/2019

Advisory Board 0 0.0%
Rahim Kassim-Lakha Broker 11/20/2019

Advisory Board 0 0.0%
Jeremy Ouellette
6/29/2020
VP Corp Dev 0 0.0%
Scott Trebilcock Engineer 4/30/2019

Advisory Board 0 0.0%
 
 

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