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Last C$0.06 CAD
Change Today -0.015 / -21.43%
Volume 15.0K
CCM On Other Exchanges
As of 9:30 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

canarc resource corp (CCM) Snapshot

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52 Week High
08/11/14 - C$0.11
52 Week Low
12/3/14 - C$0.03
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canarc resource corp (CCM) Details

Canarc Resource Corp. engages in the evaluation, acquisition, exploration, and development of precious metal properties in Canada, the United States, and Central and South America. It primarily owns a 100% interest in the New Polaris gold mine project located in the Atlin Mining Division, British Columbia, Canada. The company was founded in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

canarc resource corp (CCM) Top Compensated Officers

Chief Executive Officer and Member of Disclos...
Total Annual Compensation: C$154.9K
President, Chief Operating Officer and Member...
Total Annual Compensation: C$207.9K
Founder and Executive Chairman
Total Annual Compensation: --
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$106.3K
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

canarc resource corp (CCM) Key Developments

Canarc Resource Corp Announces Positive Test Results for Metallurgical Testing of the Albion Process

Canarc Resource Corp. announced positive metallurgical test results for recovering gold from a high-grade gold concentrate sample produced from the New Polaris gold mine project. The results from the recently completed first stage Albion Process metallurgical test work indicate that gold recoveries of approximately 85% can be achieved without modification to the existing PanTerra Gold Limited (Panterra) Las Lagunas Albion/CIL process plant. Update On Stage One Activities: Albion Testing- Oxidation test work on the finely ground New Polaris concentrate indicated gold recoveries of approximately 85% can be achieved using the Albion process. Albion testing will now enter into a second, final phase aimed at further optimizing the test conditions for improving recoveries and determining economic parameters. Environmental Permitting- Canarc is collecting baseline environmental data for the New Polaris site. Canarc entered into the BC Environmental Assessment pre-application phase in July 2015. Canarc met with the Taku River Tlingit First Nation in June 2015 to consult on and review the planned activities for advancing the New Polaris property. Canarc has submitted a Notice of Work for an in-fill drilling program at New Polaris and is awaiting receipt of a permit from the BC Government. The in-fill drilling program is set to begin in the 3 quarter 2015 as part of Phase 2 of the Agreement with Panterra Gold. Mine Engineering- Engineering work confirms that it is technically feasible to produce approximately 120,000 ounces of gold in concentrate annually at New Polaris. Upon the satisfactory completion of the Phase 1 technical and economic review of the New Polaris project by Panterra Gold, expected by late July, PanTerra will have 60 days to elect to fund the CAD 3.5 million Phase 2 work program. The Phase 2 program includes in-fill drilling, mine planning, environmental sampling and permitting.

Canarc Resource Corp. Reports Unaudited Consolidated Financial Results for the First Quarter Ended Mar. 31, 2015

Canarc Resource Corp. reported unaudited consolidated financial results for the first quarter ended Mar. 31, 2015. For the quarter, the company reported loss before non-operating items of $201,000 against $466,000 for the same period of last year. Net loss for the period was $208,000 against $471,000 for the same period of last year. Cash used by operating activities was $144,000 against $364,000 for the same period of last year.

Canarc Resource Announces Board Changes

Canarc Resource Corp. announced that Mr. Deepak Malhotra has accepted an invitation to stand for election as a board of directors member for Canarc's upcoming Annual General Meeting, scheduled for June 11, 2015. Mr. Malhotra has a PhD in Mineral Economics and is a Metallurgical Engineer and Mineral Economist with over 40 years experience. He brings to Canarc a wealth of knowledge and expertise in metallurgical research, process development for new properties, plant troubleshooting, plant audits, detailed engineering, and overall business management, developed while working for over 50 gold projects throughout the world. During his career, Mr. Malhotra also worked with various financial institutions like International Finance Corporation (IFC) and other investment funds. The company also announced that Mr. Bruce Bried has decided to not stand for re-election as Director at Canarc's upcoming AGM.


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