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Last $0.02 USD
Change Today 0.00 / 0.00%
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MMSDF On Other Exchanges
As of 8:10 PM 03/19/15 All times are local (Market data is delayed by at least 15 minutes).

macarthur minerals ltd (MMSDF) Snapshot

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52 Week High
07/31/14 - $0.21
52 Week Low
03/19/15 - $0.02
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macarthur minerals ltd (MMSDF) Details

Macarthur Minerals Limited explores, develops, and extracts iron ore in Western Australia. Its iron ore projects include the Ularring Hematite project and the Moonshine Magnetite project that are located on exploration and mining tenements covering approximately 1,127 square kilometers. The company also explores for nickel and gold. It was formerly known as Macarthur Diamonds Limited and changed its name to Macarthur Minerals Limited in July 2005. Macarthur Minerals Limited is headquartered in Brisbane, Australia.

macarthur minerals ltd (MMSDF) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: A$325.0K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$255.0K
Chief Operating Officer
Total Annual Compensation: A$267.5K
Compensation as of Fiscal Year 2014.

macarthur minerals ltd (MMSDF) Key Developments

TSX Announces Delisting Review Of Macarthur Minerals

TSX is reviewing the Common Shares of the Macarthur Minerals Limited with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.

Macarthur Minerals Mulls Acquisitions

Macarthur Minerals Limited (TSX:MMS) intends to pursue acquisitions. Macarthur Minerals has entered into an agreement with Atec Rail Group Limited to review iron ore acquisition opportunities in the Yilgarn region of Western Australia. "Acquisition opportunities are emerging as producing iron ore assets are being re-priced on the prevailing spot iron ore price and, for Macarthur, therein lies the opportunity. As an example, within the Yilgarn region of Western Australia, it is reported that Cliffs Natural Resources' Asia Pacific operations (located 80 kilometers from Macarthur's Ularring Hematite project) may be divested. Cliffs' Asia Pacific iron ore reserves are reportedly, estimated to be exhausted by 2020,” Macarthur's President, Chairman and Chief Executive Officer, Alan Phillips commented.

Macarthur Minerals Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Macarthur Minerals Limited announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, Interest income was AUD 32,729 against AUD 72,939 a year ago. Net loss and comprehensive loss for the period was AUD 823,803 against AUD 1,067,585 a year ago. Basic and diluted loss per ordinary share was AUD 0.02 against AUD 0.02 a year ago. For the six months, Interest income was AUD 64,343 against AUD 174,102 a year ago. Net loss and comprehensive loss for the period was AUD 1,696,539 against AUD 2,039,702 a year ago. Basic and diluted loss per ordinary share was AUD 0.03 against AUD 0.05 a year ago. Net cash used in operating activities was AUD 1,378,913 against AUD 1,916,026 a year ago. Purchases of plant and equipment was AUD 5,248.


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