Last C$0.09 CAD
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magellan minerals ltd (MNM) Snapshot

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52 Week High
03/14/14 - C$0.19
52 Week Low
12/8/14 - C$0.05
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magellan minerals ltd (MNM) Details

Magellan Minerals Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties, primarily gold in Canada, Brazil, and the United States. Its principal properties include the Coringa project covering an area of 23,754 hectares, the Cuiú Cuiú project covering an area of approximately 44,000 hectares, and the Mato Velho project covering an area of 10,400 hectares located in the state of Pará in northern Brazil; and the Poconé property located in southern Mato Grosso state, Brazil. The company was incorporated in 2004 and is headquartered in Vancouver, Canada.

Founded in 2004

magellan minerals ltd (MNM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$160.0K
Chief Financial Officer
Total Annual Compensation: C$41.7K
Vice President of Business Development and Di...
Total Annual Compensation: C$67.1K
Compensation as of Fiscal Year 2013.

magellan minerals ltd (MNM) Key Developments

Magellan Minerals Limited Recommences Feasibility Study at Coringa Project, Brazil

Magellan Minerals Limited announced that it has recommenced the feasibility study on its 100% owned Coringa gold project in Brazil which had been suspended since August 2013. The study is being led by Ausenco Engineering Canada Inc. (Ausenco) and Snowden Mining Industry Consultants (Snowden) and is expected to be completed during March 2015. Also included as part of the team are Terra Meio Ambiente (Terra), who will continue to manage the environmental components and permitting aspects of the study, Kovit Engineering Limited (Kovit), who are designing and costing the tailings and backfill components of the project and Deswik Mining Consultants (Deswik), who are responsible for mine layout and scheduling. The above group is supported by Magellan staff in Vancouver and Brazil.

Magellan Minerals Closes Second Tranche of its Private Placement Financing of 30 Million Units

Magellan Minerals Limited has closed the second tranche of its private placement financing of 30 million units for gross proceeds of CAD 3 million ($2.66 million). The second tranche closing involved the issuance of 14.4 million units for gross proceeds of CAD 1.44 million. A third and final closing of 10.6 million units for CAD 1.06 million in gross proceeds will take place on October 28, 2014. The proceeds will be used to finish the feasibility study of the Coringa gold project in Brazil and for general working capital purposes.

Magellan Minerals Limited, Annual General Meeting, Sep 05, 2014

Magellan Minerals Limited, Annual General Meeting, Sep 05, 2014., at 10:00 Pacific Standard Time. Location: #1200 ­ 750 West Pender Street. Agenda: To receive the audited annual financial statements of the company for its fiscal year ended December 31, 2013, together with auditors' report thereon; to fix the number of directors of the company at five and to elect directors for the ensuing year; to re-appoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the company for the ensuing year and to authorize the directors to fix their remuneration; to approve the company's amended 2007 Stock Option Plan; to ratify and reconfirm the April 27, 2011 shareholder rights plan agreement between the company and Olympia Trust Company; and to transact any other business which may properly come before the meeting, or any adjournment thereof.


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