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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 0.0
CCM On Other Exchanges
As of 2:15 PM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

canarc resource corp (CCM) Snapshot

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07/16/14 - C$0.11
52 Week Low
12/3/14 - C$0.03
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canarc resource corp (CCM) Details

Canarc Resource Corp. evaluates, acquires, explores for, and develops precious metal properties in North 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

President, Chief Operating Officer and Member...
Total Annual Compensation: C$201.1K
Founder and Executive Chairman
Total Annual Compensation: C$18.5K
Chief Financial officer and Vice President of...
Total Annual Compensation: C$90.9K
Legal Counsel and Secretary
Total Annual Compensation: --
Exploration Consultant
Total Annual Compensation: C$40.1K
Compensation as of Fiscal Year 2013.

canarc resource corp (CCM) Key Developments

Canarc Resource Corp. Produces Fresh High-Grade Gold Concentrate from New Polaris Gold Drill Cores for Metallurgical Testing of the Albion Process

Canarc Resource Corp. has produced fresh high-grade gold concentrate from New Polaris Gold drill cores for metallurgical testing of the Albion Process, a technology for recovering gold from refractory sulfide ores owned by Glencore Plc and used commercially under license by PanTerra Gold Limited. Update On Phase I Activities: 50 kilograms of concentrate grading 101 grams per tonne (g/t) gold were produced and shipped to Glencore's laboratory in Brisbane, Australia for Albion Process test-work Metallurgical testing of the Albion Process on the concentrate will begin later this month. An updated technical and economic review of the proposed New Polaris mine development is being conducted by an independent engineering company for completion this quarter. The collection of environmental baseline data required for mine permitting is now underway. Over 500 kilograms of prior drill core samples representative of the New Polaris Gold deposit were composited into a bulk sample to produce the New Polaris flotation concentrate. The average grade of the bulk sample was 14.3 g/t Au. Recent bench scale flotation test results confirmed prior flotation results with a gold recovery rate into concentrate of approximately 90% from New Polaris concentrate.

Canarc Resource Corp. Announces Audited Consolidated Financial Results for the Year Ended December 31, 2014

Canarc Resource Corp. announced audited consolidated financial results for the year ended December 31, 2014. For the year, the company reported loss before the undernoted of $1.586 million against $0.878 million a year ago. Net loss for the year was $1.831 million or $0.01 per diluted share against $1.377 million or $0.01 per diluted share a year ago. Cash used by operating activities was $1.365 million against $0.468 million a year ago. Mineral property interests, net of recoveries was $402,000 against $9,000 a year ago. Net losses were impacted by different functional expense items.

Canarc Resource Corp. Auditor Raises 'Going Concern' Doubt

Canarc Resource Corp. filed its 6-K on Mar 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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