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Last C$0.29 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:43 PM 06/22/15 All times are local (Market data is delayed by at least 15 minutes).

century iron mines corp (FER) Snapshot

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07/16/14 - C$0.55
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12/9/14 - C$0.23
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century iron mines corp (FER) Details

Century Iron Mines Corporation, together with its subsidiaries, explores and develops mineral properties in Canada. It explores for iron ores in the provinces of Québec, and Newfoundland and Labrador. The company owns interests in the Attikamagen JV Properties, which consists of approximately 1,087 mineral exploration claims covering approximately 36,142 hectares located in the northeast of Schefferville, Québec; and the Sunny Lake JV Properties that comprises approximately 864 mining claims covering approximately 42,240 hectares located north of Schefferville in the Labrador Trough region. It also owns interests in the Duncan Lake property consisting of approximately 534 mining claims covering approximately 25,605 hectares located in the western part of the La Grande Greenstone Belt in the James Bay region of Québec. The company has strategic partnerships with WISCO International Resources Development & Investment Limited and Minmetals Exploration & Development (Luxembourg) Limited S.àr.l. for the exploration and development of its iron ore projects. Century Iron Mines Corporation is headquartered in Toronto, Canada.

27 Employees
Last Reported Date: 06/24/15

century iron mines corp (FER) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: C$500.0K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$136.8K
Senior Vice President of Corporate Finance & ...
Total Annual Compensation: C$250.0K
General Counsel and Member of Disclosure Comm...
Total Annual Compensation: C$200.0K
Vice President of China Operations and Non-In...
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2014.

century iron mines corp (FER) Key Developments

Century Iron Mines Spreading For Other Metals

Century Iron Mines Corporation (TSX:FER) is spreading its bets and looking for acquisitions in precious and base metals space with CAD 40 million cash in hand. The funding will be tripled or quadrupled with funding from banks and Asian partners. Chief Executive, Sandy Chim said, "It doesn't make good sense to put capital in iron right now, running headlong into all the expansions." The acquisitions does not have time frame but will take place in next 18 to 24 months, before prices for metals such as copper are forecast to rebound.

Century Iron Mines Corporation Receives Results of the Feasibility Study for the Joyce Lake Direct Shipping Iron Ore Project of the Attikamagen Property, Labrador

Century Iron Mines Corporation announced that it has received the results of the Feasibility Study for the Joyce Lake Direct Shipping Iron Ore Project of the Attikamagen Property, Labrador. Project Summary: The Joyce Lake Project is located in the Province of Newfoundland and Labrador near Schefferville, Quebec and is comprised of the following: Open pit mine followed by dry crushing and screening to generate 65% of its product as sinter fines and 35% as lump; Production up to 2.5 million tonnes annually of DSO products over 7 years of mine life with the first 5.6 years at an average ore grade of 61.4% Fe directly from the pit and the remaining mine life from low grade stockpiles averaging 53.3% Fe; Transportation of products over a 43km dedicated haul road from the mine site to a new rail loop connected to the existing rail infrastructure for product transport to the IOC Port Terminal in Sept Iles for shipment to China; A right for WISCO Attikamagen to purchase up to 60% of commercial products at market value or on standard commercial terms.

Century Iron Mines Corporation Announces Positive Assay Results for 2014 Drilling Programs at the Sunny Lake Properties

Century Iron Mines Corporation announced positive assay results for its 2014 drilling programs at the Sunny Lake Properties, which are located about 55 kilometres northwest of Schefferville, Quebec, and the Schefferville West Property, about 20 km southeast of Schefferville. The Drilling Program at the Sunny Lake Properties was conducted from late August to the end of October of 2014 with the initial batch of positive assay results previously announced on November 12, 2014. The Drilling Program at the Schefferville West Property was conducted from late October to early November 2014. Both programs concentrated on potential high-grade targets at the Blackbird Lake area of the Sunny Lake Properties and the Red Dragon area at the Schefferville West Property, and their surrounding areas. Upon completion of data compilation and geological interpretation, the company intends to engage an independent, qualified person to determine if there is sufficient data to support the preparation of NI 43-101 mineral resource estimates of the Blackbird Lake prospect and the Red Dragon prospect. If there is, the Company anticipates the estimation exercise to be completed by early 2015. The Blackbird Lake targets are located in the Province of Quebec, about 55 kilometres northwest of Century's most advanced DSO deposit, Joyce Lake. Ground gravity, magnetic survey, and geological interpretation have indicated that the Blackbird Lake area is one of the most favourable high grade targets on the Sunny Lake Properties. The Sunny Lake Properties consist of 864 claims covering an area of approximately 42,239.67 hectares and are owned through a joint venture with WISCO International Resources Development & Investment Limited. The Red Dragon targets are located in the Province of Newfoundland and Labrador, about 20 km southeast of Schefferville, at the extension of IOC's Redmond mines. The Schefferville West Property contains 475 claims through 3 licences within the Newfoundland and Labrador licensing system, and covers 11,874 hectares. Century has a 100% registered interest in the Schefferville West Property. In 2014, 7 HQ3/BQ diamond drill holes totaling 628.2 metres were completed, with 6 holes intersecting ore-type mineralization. The controlled enriched zone at the Red Dragon Prospect is over 1,300 metres long and 200 metres wide.


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