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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 1.0K
As of 10:57 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

qmx gold corp (QMX) Snapshot

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08/29/14 - C$0.05
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10/10/14 - C$0.01
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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.

Founded in 1988

qmx gold corp (QMX) Top Compensated Officers

Chairman, Interim Chief Executive Officer and...
Total Annual Compensation: C$124.9K
Chief Financial Officer
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2014.

qmx gold corp (QMX) Key Developments

QMX Gold Eyes Acquisitions

QMX Gold Corporation (TSXV:QMX) intends to make acquisitions. The company stated: “Our current goal is to support continued gold production at the Aurbel Mill from a Resource base developed through exploration, acquisitions and/or joint ventures in the Val d'Or.”

QMX Gold Corporation Announces Management Changes

QMX Gold Corporation announced that the Board of Directors has accepted the resignation of Brett New as President and Chief Executive Officer of QMX Gold to pursue new opportunities. David Rigg, Chairman of QMX Gold has been appointed as Interim President and CEO. Mr. Rigg was the past President and CEO of QMX Gold and brings over 30 years of experience in the mining industry.

QMX Gold Corporation Announces Production and Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year of 2015

QMX Gold Corporation announced production and earnings results for the first quarter ended March 31, 2015. The company reported first quarter 2015 production of 4,287 ounces of gold from the Lac Herbin mine in Val D'Or, Quebec. Milled ounces totaled 2,715 from 25,335 tonnes of ore at 3.33 g/t Au and a 94.1% recovery rate. QMX poured 2,554 ounces and sold 2,686 ounces at an average price of $1,425. The Aurbel Mill processed 25,335 tonnes of ore to produce 2,715 ounces of gold at an average grade of 3.33 g/t Au. The recovery rate at the mill averaged 94.1%. Revenue generated from mining activities in the first quarter of 2015 was $4.6 million on the sale of 2,686 ounces of gold at an average sale price of $1,425 per ounce. The comprehensive net loss for the quarter was $2.8 million or $0.07 per share. Cash used by operations in first quarter 2015 was $12,000 after working capital adjustments of $1.4 million. The company provided production guidance for 2015 to be between 5,000-6,000 ounces of gold.


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