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As of 1:13 PM 04/16/15 All times are local (Market data is delayed by at least 15 minutes).

qmx gold corp (QMX) Snapshot

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07/4/14 - C$0.07
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qmx gold corp (QMX) Details

QMX Gold Corporation, a junior gold-producing company, is engaged in the acquisition, exploration, development, and operation of mineral properties in Canada. The company holds properties covering approximately 200 square kilometers in the Abitibi region of Québec. It holds interests in the Lac Herbin gold mine located in Val d’Or, Quebec. The company was formerly known as Alexis Minerals Corporation and changed its name to QMX Gold Corporation in June 2012. QMX Gold Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.

131 Employees
Last Reported Date: 03/31/14
Founded in 1988

qmx gold corp (QMX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$40.0K
Chief Financial Officer
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2013.

qmx gold corp (QMX) Key Developments

QMX Gold Corporation Extends Custom Milling Contract At Lac Herbin

QMX Gold Corporation has concluded underground mining activity at its Lac Herbin Mine as it previously announced in July 16, 2013. All broken ore has been brought to surface and the company expects to complete the milling of surface stockpiles by the end of the third quarter. QMX Gold will continue on-surface activities and operations at the Aurbel Mill. The mill will continue custom milling ore from the Elder Mine for Abcourt Mines Inc. and approximately 45,000 tonnes of ore from the Lac Herbin surface stockpile. QMX Gold has recently extended the term of the Custom Milling Agreement to end by June 2015 with the option for Abcourt to extend it by an additional month in order to process all of the ore provided by Abcourt. Although QMX Gold instituted a rigorous cost reduction program early in 2013, the company made the decision in the summer of 2013 to suspend development at Lac Herbin due to the significant drop in the price of gold over the course of the year. The price of gold has continued to fall which has prevented a return to exploration and mine development at Lac Herbin.

QMX Gold Corporation Announces Resignation of Patrick Sevigny as Vice President, Quebec Operations

QMX Gold Corporation announced that Patrick Sevigny, Vice President, Quebec Operations, has resigned from the company to pursue other opportunities. Mr. Rigg has over 30 years of experience in the mining industry and was previously President and CEO of the company.

Qmx Gold Corporation Announces Production and Earnings Results for the Third Quarter Ended September 30, 2014; Revises Production Guidance for the Full Year 2014

QMX Gold Corporation announced production and earnings results for the third quarter ended September 30, 2014. For the quarter, the company produced 4,611 ounces of gold from its Lac Herbin mine in Val D'Or, Quebec. For the quarter, the company’s revenue generated from mining activities was $5.86 million on the sale of ounces of gold at an average sale price of $1,389 per ounce. Revenue was directly affected by the continued decrease in the average gold price. Operating loss was $613,000. The comprehensive net loss for the quarter was $2.76 million or $0.07 per share. Cash generated by the company's operations was $123,000 after working capital adjustments. The company revised production guidance for the full year 2014. For the period, the company increased production guidance to 18,000 ­ 19,000 ounces of gold.


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