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Last C$1.12 CAD
Change Today +0.05 / 4.67%
Volume 1.3M
RMX On Other Exchanges
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

rubicon minerals corp (RMX) Snapshot

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08/6/14 - C$1.68
52 Week Low
11/5/14 - C$0.90
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rubicon minerals corp (RMX) Details

Rubicon Minerals Corporation engages in the acquisition, exploration, and development of gold properties in Canada and the United States. It primarily holds a 100% interest in Phoenix Gold project consisting of 16 patented mining claims, 25 licenses of occupation, 1 mineral lease, and 1 unpatented mining claim located in Bateman Township, Municipality of Red Lake, Ontario. The company was founded in 1996 and is headquartered in Toronto, Canada.

124 Employees
Last Reported Date: 03/27/15
Founded in 1996

rubicon minerals corp (RMX) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$510.0K
Chief Financial Officer and Vice President
Total Annual Compensation: C$300.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: C$285.0K
Total Annual Compensation: C$310.0K
Vice President of Exploration
Total Annual Compensation: C$138.0K
Compensation as of Fiscal Year 2014.

rubicon minerals corp (RMX) Key Developments

Rubicon Minerals Corporation Announces Phoenix Gold Project Pours First Gold

Rubicon Minerals Corporation announced that the Phoenix Gold Project has successfully poured its first gold of approximately 741 ounces. The construction of the mill is now complete. The commissioning of the mill circuit continues with the processing of low-grade mineralized material. The company expects the commissioning phase to be completed in early July. The initial 8,023 metres of planned underground development was completed on June 5, 2015. The company plans to begin stoping on the 244- and 305-metre levels, following the completion of the commissioning phase. The main objective is to optimize the stoping method and establish best stoping practices in a controlled environment before increasing tonnage towards permitted capacity. The information gathered from the initial stopes will allow them to better design and sequence future stopes.

Rubicon Provides an Update on its Red Lake Exploration Program and Nevada Properties

Rubicon Minerals Corporation releases results of its Red Lake exploration drilling program north of the F2 Deposit at the Phoenix Gold Project and details regarding its properties in Nevada. Rubicon has completed 9,553 metres in 21 holes of surface exploration drilling that focused on target areas located within one kilometre north of ongoing underground development at the Project. This program revisits the high-grade intercepts discovered from previous drilling on the Carbonate Zone, as well as commencing an initial wide-spaced drilling program to test the northern extension of the F2 deposit. The F2 Gold System comprises a northeast-trending, west-dipping sequence of ultramafic-to-mafic volcanics, felsic intrusives and meta-sedimentary rock types, which include the McFinley gold deposit banded iron formation sequence within the East Bay Deformation trend. The highlighted assay results (previously unpublished) from exploration drilling include: CARZ Hanging Wall: PR-15-11: 24.17 grams per tonne of gold ("g/t Au") over 2.00 m; 4.88 g/t Au over 10.50 m (including 6.43 g/t Au over 7.00 m); PR-15-16: 8.48 g/t Au over 3.25 m (including 11.10 g/t Au over 2.25 m); PR-15-19: 8.43 g/t Au over 1.05 m; 2.30 g/t Au over 12.00 m (including 5.76 g/t Au over 2.00 m); CARZ: PR-15-06: 10.77 g/t Au over 2.65 m; PR-15-09: 7.84 g/t Au over 1.50 m. Rubicon's option agreement with West Kirkland Mining Inc. over the Company's 227,000-acre (350 sq. mile) land position located on the emerging Long Canyon gold district in Nevada expired in February 2015. Rubicon acquired the Nevada Claims in 2007 and optioned them to West Kirkland in 2011. Rubicon has begun the process of exploring options to obtain value for its Nevada Claims, and continues to believe the properties are highly prospective. The breakdown of Rubicon's ownership of the Nevada Claims are as follows: 57% of the claim area is 100% owned by Rubicon; 43% of the claim area is partially owned by Rubicon, ranging between 75% and 28.125%.

Rubicon Minerals Announces Management Changes

Rubicon Minerals Corporation announced the appointment of Bill Shand, P. Eng. to Vice President, Operations and the retirement of Daniel Labine, P. Eng. Mr. Shand has more than 25 years of mine operating and maintenance experience. He has held numerous operating and maintenance management roles with Goldcorp/Placer Dome at the Red Lake Gold Mines and the Dome Mine in Timmins, Ontario. From 2009 to 2012, Bill was the Mine General Manager for Goldcorp's Wharf Mine in South Dakota. More recently, he was the Vice President of Operations and Maintenance Strategy at Goldcorp Inc. Daniel Labine, the incumbent Vice President, Operations, has decided to retire after more than 40 years of service in the mining industry. Mr. Labine has been retained by Rubicon in an advisory role for the next six months to assist with the transition.


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