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Last C$0.72 CAD
Change Today -0.03 / -4.00%
Volume 21.5K
MD On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 3:56 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

midland exploration inc (MD) Snapshot

Open
C$0.72
Previous Close
C$0.75
Day High
C$0.72
Day Low
C$0.71
52 Week High
06/19/14 - C$0.98
52 Week Low
11/18/14 - C$0.56
Market Cap
23.5M
Average Volume 10 Days
10.8K
EPS TTM
C$-0.02
Shares Outstanding
32.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MIDLAND EXPLORATION INC (MD)

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midland exploration inc (MD) Details

Midland Exploration Inc., a mineral exploration company, acquires, explores for, and evaluates mineral properties in Canada. The company explores for gold, platinum group elements, base metals, and rare earth elements. It holds interest in various projects located in the Abitibi, Grenville-Appalaches, James Bay, northern Quebec, and Labrador Trough areas. The company was incorporated in 1995 and is headquartered in Montreal, Canada.

Founded in 1995

midland exploration inc (MD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$185.0K
Chief Financial Officer
Total Annual Compensation: C$57.9K
Vice-President of Exploration
Total Annual Compensation: C$153.8K
Compensation as of Fiscal Year 2014.

midland exploration inc (MD) Key Developments

Midland Exploration Inc. Announces Beginning of an Exploration Program on James Bay Éléonore Gold Project

Midland Exploration Inc. reported the beginning of an exploration program and the addition of map designated claims to its 100% owned James Bay Éléonore Gold project located in James Bay, Québec. A total of 61 claims, covering 30.7 square kilometres, were added to the Éléonore Gold project which is located about 40 kilometres to the southeast of the Éléonore Centre property. This first phase of the exploration program includes ground geophysics on the Éléonore Centre property. The Éléonore project, which encompasses the Éléonore Centre and West properties, is constituted of a total of 327 claims covering 172 square kilometres, and is located approximately 30 kilometres southwest from and in a geological environment similar to Goldcorp Inc.’s Éléonore deposit. This gold deposit contains reserves of 4.97 Moz Au (proven and probable categories), combined measured and indicated resources of 1.06 Moz Au and inferred resources estimated at 2.80 Moz Au, for a total of 8.83 Moz of gold.

Midland Exploration Inc. Signs Option and Joint Venture Agreement with SOQUEM inc. for its Casault and Jouvex Gold Projects

Midland Exploration Inc. announced the execution of an option and joint venture agreement with SOQUEM INC. granting the latter the option to acquire a 50% undivided interest in its Casault and Jouvex gold properties, currently wholly owned by Midland, and providing for the creation of a joint venture once the option has been exercised. Execution of this agreement follows a letter of intent signed in the fall of 2014. The Casault property covers the Sunday Lake Fault over more than 20 kilometres strike length and is located about 40 kilometres east of the Detour Lake gold deposit, which currently hosts 15.5 million ounces of gold in near-surface proven and probable mineral reserves. Under the terms of this letter of intent, SOQUEM has the option to earn 50% of Midland’s interest for the Casault and Jouvex properties over a period of four years, by fulfilling the following conditions: Exploration expenditures totaling $4,500,000, including a firm commitment of $1,000,000 during the first year. Midland will be project operator during the option period.

Midland and Sphinx Commence First Drilling Program on the Samson Ni-Cu-PGE Project South of Balmoral's Grasset Discovery

Midland Exploration Inc. in partnership with Sphinx Resources Ltd. announced the start of the initial diamond drilling program on the Samson Project which is focused on the discovery of nickel-copper-platinum group element and gold mineralization. In addition to this drilling program on Samson, Midland has also three other drilling programs currently underway on Casault and Jouvex with SOQUEM Inc. (3 drill rigs) and on Patris with Teck Resources Ltd. (1 drill rig). The Samson project consists of 512 claims covering an area of about 284 square kilometres located approximately 50 kilometres west of the town of Matagami, in the Abitibi region of central Quebec. This new project has a strong potential for Ni-Cu-PGE and gold mineralization and is located about 5 kilometres south of the recent Ni-Cu-PGE and gold discoveries made by Balmoral Resources Ltd. on the Grasset project. Recently, Balmoral announced the discovery of a high-grade Ni-Cu-PGE zone, with values up to 1.79% Ni, 0.19% Cu, 0.42 g/t Pt, and 1.04 g/t Pd over 45.28 metres including an interval grading 10.6% Ni, 0.45% Cu, 2.04 g/t Pt, and 5.23 g/t Pd over 1.10 metre and 1.62% Ni, 0.18% Cu, 0.36 g/t Pt and 0.88 g/t Pd over 54.08 metres. The discovery is hosted in ultramafic rocks.

 

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Industry Average

Valuation MD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 98.5x
Price/Book 2.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 87.6x
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