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emgold mining corp (EMLN) Snapshot

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52 Week High
05/15/14 - €0.03
52 Week Low
05/13/14 - €0.0010
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emgold mining corp (EMLN) Details

Emgold Mining Corporation is engaged in the acquisition, exploration, and development of mineral properties. It explores for gold, silver, molybdenum, tungsten, and other minerals. The company focuses on the permitting and development of the Idaho-Maryland Mine, which is located in Grass Valley, California. It also holds interests in the Buckskin Rawhide and Koegel Rawhide gold properties under option in Nevada; and the Stewart and Rozan poly-metallic properties in British Columbia. The company was formerly known as Emperor Gold Corporation and changed its name to Emgold Mining Corporation in August 1997. Emgold Mining Corporation was founded in 1989 and is based in Vancouver, Canada.

Founded in 1989

emgold mining corp (EMLN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $185.0K
Chief Financial Officer
Total Annual Compensation: $36.0K
Compensation as of Fiscal Year 2013.

emgold mining corp (EMLN) Key Developments

Emgold Mining Corp. Announces Resignation of Kenneth Yurichuk as Board of Director

Emgold Mining Corporation held annual general meeting of the shareholders on December 17, 2014, has approved that Mr. Kenneth Yurichuk has resigned from Emgold's Board of Directors to pursue other interests.

Emgold Mining Corp., Annual General Meeting, Dec 17, 2014

Emgold Mining Corp., Annual General Meeting, Dec 17, 2014. Location: Suite 1010 - 789 West Pender St..

Emgold Mining Leases its Buckskin Rawhide East Property, Nevada to Rawhide Mining LLC

Emgold Mining Corp. announced that it has leased its 100% owned Buckskin Rawhide East Property to Rawhide Mining LLC, a private mining company that owns and operates the adjacent Denton Rawhide Mine. 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 'Lease'): 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 After meeting its exploration requirements, should RMC subsequently elect to drop the Property or decide not to advance it, the Property will be returned to Emgold. Should Emgold subsequently advance the Property into production, RMC shall then be entitled to the same type of Bonus Payments as contemplated. The effective date of the Lease is June 1, 2013. Further to the Company's news release dated June 17, 2013, RMC has completed initial exploration activities on the Property, with results pending.


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