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Last C$0.38 CAD
Change Today -0.01 / -2.56%
Volume 41.0K
MDW On Other Exchanges
Symbol
Exchange
Toronto
NYSE Amex
Frankfurt
As of 12:52 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

midway gold corp (MDW) Snapshot

Open
C$0.41
Previous Close
C$0.39
Day High
C$0.41
Day Low
C$0.38
52 Week High
10/7/14 - C$1.30
52 Week Low
03/31/15 - C$0.35
Market Cap
68.5M
Average Volume 10 Days
47.1K
EPS TTM
C$-0.19
Shares Outstanding
180.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MIDWAY GOLD CORP (MDW)

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midway gold corp (MDW) Details

Midway Gold Corp. engages in the acquisition, exploration, and development of gold and silver mineral properties in North America. The company holds interest in the Pan and Gold Rock Projects located along the prolific Battle Mountain/Eureka gold trend; the Spring Valley property, which is located in the Spring Valley Mining District, Pershing County, Nevada. It also has interest in the Tonopah property, which is located in Nye County, Nevada; and the Golden Eagle property located in the Eureka mining district in Ferry County, Washington. The company was formerly known as Red Emerald Resource Corp. and changed its name to Midway Gold Corp. in July 2002. Midway Gold Corp. was founded in 1996 and is headquartered in Englewood, Colorado.

49 Employees
Last Reported Date: 03/16/15
Founded in 1996

midway gold corp (MDW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $15.4K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $215.8K
General Counsel, Corporate Secretary and Memb...
Total Annual Compensation: $143.2K
Compensation as of Fiscal Year 2014.

midway gold corp (MDW) Key Developments

Midway Gold Corp. Secures Financing for Pan Mine

Midway Gold Corp. announced that a subordinated debt financing in the amount of $10.5 million has been closed with Hale Capital Partners. The financing will provide working capital during ramp up of gold production at Pan Mine in Nevada. On April 17, 2015 the company closed a subordinated loan facility with Hale for $10.5 million with a maturity date of September 30, 2017 that can be used for general corporate purposes. An initial draw of $3.85 million was made at closing. An independent committee of the Board of Directors negotiated and approved the terms of the loan. The loan includes a 2% origination fee and bears interest at 13.5% per annum. The undrawn commitment is subject to a commitment fee of 5% per annum through the loan availability period of September 30, 2015. There are customary conditions precedent and post-closing obligations that must be met in order to make future loan draws.

John Sheridan Not to Stand for Re-Election to Board of Directors of Midway Gold Corp

On April 5, 2015, Mr. John Sheridan informed the board of directors of Midway Gold Corp. that he will not stand for re-election to the Board when his term expires at the company's upcoming 2015 annual general and special meeting of the company's shareholders.

Midway Gold Corp. Announces a Second Gold Pour at the Pan Gold Mine in Nevada

Midway Gold Corp. announced that a second gold pour at the Pan Gold Mine ("Pan") in Nevada was achieved March 30, 2015. The company provide an update on the status of the operations at Pan, current financial position and an outlook for 2015. With gold loading on carbon, the company is in the process of dialing in the efficiency of carbon stripping and electro-winning circuit as the company fully commission and operationalize this part of the ADR Plant. March production was about 500 ounces and sales totaled about $600,000. In April, the company expects efficiencies to improve as ramp up gold production. Operating metrics are as follows: Approximately 3.4 million tons of ore have been stacked on the leach pad; Currently, about 2.6 million tons are under leach; The company expects to add an additional 5.9 million tons of ore to the leach pad through the remainder of this year; Mining operations have performed above expectations and Ledcor, mining contractor, has continued to provide excellent support to the project; The estimated cost to complete construction of the Pan Mine is maintained at $84 million with $78.8 million spent as of the end of February.

 

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