Last C$1.02 CAD
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kaminak gold corp-a (KAM) Snapshot

Open
C$1.02
Previous Close
C$1.00
Day High
C$1.06
Day Low
C$0.99
52 Week High
07/15/14 - C$1.19
52 Week Low
11/5/14 - C$0.53
Market Cap
125.0M
Average Volume 10 Days
429.9K
EPS TTM
C$-0.09
Shares Outstanding
122.5M
EX-Date
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kaminak gold corp-a (KAM) Details

Kaminak Gold Corporation, an exploration stage company, is engaged in the acquisition, exploration, and development of mineral properties in North America. It explores for gold, copper, nickel, platinum, palladium, silver, and potash. The company holds a 100% interest in the Coffee Gold Project covering an area of approximately 600 square kilometers located in Yukon Territory, Canada. It also holds interests in various other properties located in Quebec, Nunavut, Ontario, Yukon, British Columbia, and Michigan, as well as in Northwest Territory. Kaminak Gold Corporation was incorporated in 2005 and is headquartered in Vancouver, Canada.

Founded in 2005

kaminak gold corp-a (KAM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$160.4K
Chief Financial Officer
Total Annual Compensation: C$81.7K
Vice President of Corporate Development
Total Annual Compensation: C$145.0K
Vice President of Exploration
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2013.

kaminak gold corp-a (KAM) Key Developments

Kaminak Gold Corporation Announces Results for Infill Drilling at Double Double

Kaminak Gold Corporation announced results for infill drilling at Double Double, the high grade of four gold deposits being evaluated as part of an ongoing feasibility study at Coffee, the Company’s development track, gold project located 130 km south of Dawson City, Yukon. A NI 43-101 compliant preliminary economic analysis (PEA) completed for the project in 2014 included approximately 117,000 recoverable ounces from Double Double in years 1 and 2 of the mine-plan, at an average diluted grade of 3.32 g/t Au, contributing to a rapid two year after-tax payback period for the project. At a gold-price of $1,250/oz and using an exchange rate of CAD 1.00 equal $0.95, Coffee is expected to generate a pre-tax net present value (NPV) at a 5% discount rate of more than $500 million and an Internal Rate of Return (IRR) of 33%. Further, Coffee could become a significant Yukon gold producer, yielding close to 450,000 ounces in the first two years and producing an average of 167,000 ounces annually over the life of mine at an all-in sustaining cash cost of $688 per ounce of gold. Infill drilling confirmed the existing Double Double geological interpretation providing additional confidence in the location, geometry and continuity of the mineralized lodes. Drilling completed over the 2013 & 2014 field programs also delineated a previously un-known parallel mineralized structure - Double Double North - culminating in a stand out 2014 intercept of 32.8 g/t Au over 6.1m from 39.6m depth (CFR0731). This high grade drill intercept is located just outside the PEA pit shell, thereby demonstrating potential for resource expansion beyond the limits of the current open-pit resource.

Kaminak Gold Corporation Announces Results for Infill Drilling at the Latte Deposit

Kaminak Gold Corporation announced results for infill drilling at the Latte Deposit, a key gold resource contributing approximately 21% of the recoverable gold ounces at Coffee, Kaminak's development track gold project located 130 km south of Dawson City, Yukon. A NI 43-101 Preliminary Economic Assessment (PEA) completed in 2014 indicates that Coffee represents a robust, high margin, rapid pay-back, 11 year open-pit mining project at a $1,250/oz gold price and generates a pre-tax NPV @ 5% of $522 million and a pre-tax IRR of 33%. A feasibility study was initiated in third quarter Of 2014 and is targeted for completion in late 2015 or early 2016 at a budget of approximately $30 million. Feasibility work in 2014 continued until late November and infill drilling completed during 2014 exceeded the plan by over 9,000 metres or 33% of the planned infill metres for the year. Mobilization for the 2015 feasibility program is now underway, with drilling expected to commence in early February, 2015. A total of 5,200 metres of infill drilling from 43 holes, was completed at Latte in 2014 with the objective of verifying and upgrading the open-pit resource defined in the 2014 PEA from largely "Inferred" to the higher confidence category of "Indicated." Infill drilling generally confirmed the existing geological interpretation and resource model; updated resource modeling is now underway. 2014 infill drilling results for Kona and Double Double are in the process of being compiled and will be reported in the coming weeks. Infill drilling is being undertaken across the Coffee Gold deposits with the objective of verifying the current resource block model and upgrading the open-pit resources defined in the current PEA to the higher confidence "Indicated" category for inclusion in the Coffee Mining Feasibility Study. The location and spacing of infill drilling was determined in consultation with independent Qualified Person Robert Sim, P.Geo of SIM Geological Inc., who completed the Coffee Gold Project Mineral Resource Estimates (announced December 13, 2012, and updated January 28, 2014). The company plans to update the mineral resource estimates for inclusion in the final feasibility study once all of the drill results from all 2014-15 infill drill programs have been received. Infill drilling was previously completed over 500m of strike length within the central zone of Latte in 2013 with resultant conversion of resources to the Indicated category within that zone. The 2014 infill drilling was undertaken over the eastern and western extremities of Latte, and in addition the Latte North zone, which is a splay off of the main Latte structure. The drilling results generally confirm the location, geometry, continuity and grade of the mineralization interpreted within the existing resource model.

Kaminak Gold Corp. Presents at Vancouver Resource Investment Conference, Jan-18-2015 01:50 PM

Kaminak Gold Corp. Presents at Vancouver Resource Investment Conference, Jan-18-2015 01:50 PM. Venue: Vancouver Convention Center, 1055 Canada place, Vancouver, British Columbia, Canada.

 

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