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03/28/14 - C$0.19
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11/26/14 - C$0.09
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miranda gold corp (MAD) Details

Miranda Gold Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in the United States and Colombia. The company primarily explores for gold properties. It holds interests in the Kibby Flats project located in Esmeralda County, the Red Canyon and Red Hill projects located in Eureka County, the Iron Point project located in Humboldt County, and the Mustang project located in Nye County, Nevada; the Willow Creek project located in Alaska; and the Pavo Real, Minagrande, Cerro Oro, and Oribella projects in Colombia. The company was formerly known as Miranda Diamond Corp. and changed its name to Miranda Gold Corp. in January 2003. Miranda Gold Corp. was founded in 1993 and is headquartered in White Rock, Canada.

12 Employees
Last Reported Date: 12/17/14
Founded in 1993

miranda gold corp (MAD) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: C$222.4K
Chief Financial Officer and Controller
Total Annual Compensation: --
Executive Vice President and Director
Total Annual Compensation: C$170.9K
Corporate Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

miranda gold corp (MAD) Key Developments

Miranda Gold Corp. Announces Board Changes

Miranda Gold Corp. announced that Ian Slater has resigned as a director of Miranda, in order to focus on Red Eagle's development of the San Ramon project in Colombia. He has served as a non-executive independent director and most recently audit committee chair since December 10, 2007. The Board appointed Kevin Nishi to its Board and as chair of the audit committee. Mr. Nishi is a Chartered Accountant and Chartered Business Valuator in practice with Smythe Ratcliffe LLP, Chartered Accountants. He has been a partner of the firm since 1996. Mr. Nishi holds a Bachelor of Business Administration from Simon Fraser University. Mr. Nishi has extensive background in accounting and auditing for public and private companies and he is a director of several publicly traded mineral exploration companies.

Miranda Gold Corp. Announces Unaudited Consolidated Earnings Results for the Three Months Ended November 30, 2014

Miranda Gold Corp. announced unaudited consolidated earnings results for the three months ended November 30, 2014. For the three months, the company reported interest earned of CAD 13,002 against CAD 20,944 a year ago. Loss for the period was CAD 584,872 against CAD 896,241 a year ago. Basic and diluted loss per common share was CAD 0.01 against CAD 0.01 a year ago. Cash provided used for operating activities was CAD 378,780 against CAD 811,032 a year ago. Equipment purchases were CAD 957.

Miranda Gold Corp. Signs on Joint Venture Agreement to Advance High-Grade Willow Creek Project Towards Production

Miranda Gold Corp. announced that it has signed a definitive agreement with Gold Torrent Inc. on its Willow Creek project in Alaska. The agreement replaces the letter of intent announced on August 6, 2014. As announced on October 23, 2014, Miranda has filed a NI 43-101 compliant technical report supporting the independently estimated initial resource for the Willow Creek Coleman deposit, comprising a Measured and Indicated resource of 62,100 troy ounces gold contained in 78,700 tones at an average grade of 24.6 g Au/t and an additional 4,100 troy ounces contained in 5,300 tones at an average grade of 24.2 g Au/t in the Inferred category. All resource categories use a cutoff of 7.0 g Au/t. The principal terms of the joint venture are based on the Rocky Mountain Mineral Law Foundation form of Limited Liability Company agreement. Pursuant to the terms of the JV: gold torrent will be the operator of the JV. Gold Torrent will sole fund the first USD 10 million (initial capital) of expenditures on the JV to incrementally earn a 70% interest in the JV at which time Miranda will have a 30% interest in the JV; the parties will proportionately fund any capital expenditures in excess of USD 10 million. Miranda will receive 10% of the distributable cash flow until Gold Torrent is repaid its Initial capital, Miranda will then receive 20% of the distributable cash flow until Gold Torrent is repaid its share of Excess Capital and finally 30% of the cash flow thereafter. Gold Torrent plans to fast track the Coleman into production; and conduct aggressive underground exploration during construction and production in order to significantly expand the resource. Numerous historic high-grade drill intercepts suggest extensions of mineralization below the Coleman, down dip extensions of the Lucky Shot Mine, and significant potential in the Murphy zone. These areas adjoin the Coleman and could be rapidly brought into a mine plan. Recent soil and rock sampling between the Murphy vein and the Gold Bullion Mine 2 km distant indicate multiple parallel veins in an area that has received no modern exploration. If confirmed by trenching and drilling these veins could be delineated and potentially mined simultaneously with the Coleman area to significantly increase the initial production profile. Gold Torrent will now initiate discussions with the permitting agencies as well as all other stakeholders affected by the development of the Willow Creek project. By utilizing pre-existing roads and tunnels and off-site processing, the operation will have small visual and physical impacts. At Willow, gold is found in low-sulfide meso-thermal quartz veins within an east-west, shallow, north-dipping, zone. The Willow Creek project is held by Miranda under an 80-year lease from Alaska Hardrock Inc. and lies approximately 166 km north of Anchorage by road. The project area is east of the town of Willow and can be accessed by a well maintained gravel road. The project covers the majority of the historical Willow Creek mining district and contains 75 patented lode mining claims and 62 State of Alaska lode mining claims for a total of approximately 8,700 acres (3,520 hectares). Numerous historical mines occur on the property including the Lucky Shot, Coleman, War Baby, Nippon and Gold Bullion Mines. Gold is commonly coarse and associated with tellurides and minor sulfide. Historic production from land controlled by Miranda is estimated at greater than 500,000 ounces at 1.2 oz Au/t (41.14 g Au/t), primarily from three closed-spaced mines developed on the Lucky Shot vein. Miranda thinks that other productive veins are likely to occur near other historic mines in the district.


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