March 04, 2015 8:04 AM ET

Metals and Mining

Company Overview of Rawhide Mining LLC

Company Overview

Kennecott Rawhide Mining Company operates the Denton-Rawhide Mine. The company was incorporated in 1989 and is based in Fallon, Nevada. Kennecott Rawhide Mining Company operates as a subsidiary of Kennecott Utah Copper Corp.

58 Miles SE

Fallon, NV 89406

United States

Founded in 1989

Phone:

775-423-1394

Fax:

775-945-1213

Key Executives for Rawhide Mining LLC

Rawhide Mining LLC does not have any Key Executives recorded.

Rawhide Mining LLC Key Developments

Emgold Mining Corporation Provides Lease to Rawhide Mining LLC

Emgold Mining Corporation announced that it has leased its 100% owned Buckskin Rawhide East Property to Rawhide Mining LLC. RMC has agreed to conduct exploration activity on the Property with the goal of delineating gold and silver resources that, if exploration is successful, may ultimately be permitted, mined, and then processed using facilities at the Denton Rawhide Mine. Emgold has agreed to lease the Property to RMC under the following general terms and conditions: the term of the Lease is 20 years. Advance royalty payments will be $10,000 per year, paid by RMC to Emgold, with the first payment due at signing and subsequent payments due on the anniversary of the Lease Agreement. During the term of the Lease, RMC will make all underlying claim fees to keep the claims in good standing. RMC will conduct a minimum of $250,000 in exploration activities by the end of year 1. RMC will conduct an additional minimum of $250,000 in exploration activities by the end of year 3, for a total of $500,000 in exploration activities by the end of year 3. RMC will have the option of earning a 100% interest in the Property by bringing it into commercial production. Upon bringing the property into commercial production, RMC will make 'Bonus Payments' to Emgold. Bonus Payments will be $15 per ounce of gold when the price of gold ranges between $1,200 per ounce and $1,799 per ounce. If the price of gold exceeds $1,800 per ounce, the Bonus Payment will increase to $20 per ounce.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 11, 2014
Emgold Mining Corp.
 

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