Last C$3.55 CAD
Change Today -0.35 / -8.97%
Volume 4.1K
As of 2:55 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

abitibi royalties inc (RZZ) Snapshot

Open
C$3.99
Previous Close
C$3.90
Day High
C$3.99
Day Low
C$3.55
52 Week High
08/7/14 - C$4.44
52 Week Low
02/26/14 - C$0.50
Market Cap
37.2M
Average Volume 10 Days
3.8K
EPS TTM
--
Shares Outstanding
10.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ABITIBI ROYALTIES INC (RZZ)

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abitibi royalties inc (RZZ) Details

Abitibi Royalties Inc., a royalty company, engages in exploring, evaluating, and promoting mineral resources and other projects in Canada. It holds title to interests in the Luc Bourdon and Bourdon West prospects located in the lowland region of James Bay, Ontario; a 30% carried interest to production in the Malartic CHL property located near Malartic, Quebec; and a 2% net smelter royalty interest in one claim held by Osisko Mining Corporation located in the township of Fourniere, Quebec. The company was incorporated in 2010 and is headquartered in Val-d'Or, Canada. Abitibi Royalties Inc. operates as a subsidiary of Golden Valley Mines Ltd.

Founded in 2010

abitibi royalties inc (RZZ) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$93.3K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

abitibi royalties inc (RZZ) Key Developments

Abitibi Royalties Inc. Announces Malartic CHL Exploration Update

Abitibi Royalties Inc. announced that the Canadian Malartic Corporation (partnership between Agnico Eagle and Yamana Gold) has provided the Company with new drill assays from the Malartic CHL property. The Malartic CHL property, where Abitibi Royalties currently has a 30% free carried interest to commercial production, is situated beside Canadian Malartic, presently the larger producing gold mine in Canada. The drill results from Odyssey North are inline with expectations and help confirm Osisko Mining's previously disclosed interpretation that the zone above hole ODY11-2404 (2.85 gpt Au over 110.5 metres - April 23, 2014) is approximately 40 metres wide, with a average grade between 2.0-2.5 gpt gold. New odyssey north drilling - 2.39 gpt Au over 42.5 metres: Assays for 3 core holes targeting the Odyssey North Zone have been received. The holes intersected the zone above hole ODY11-2404 (2.85 gpt Au over 110.5 metres - April 23, 2014), which is the same as the historic holes completed by Lac Minerals (1.83 gpt Au over 51.8 metres and 2.12 gpt over 70.1 metres - 1988-1990). The new holes help confirm the grades and widths previously outlined by Osisko Mining for this portion of the zone (average true thickness of 40 metres at an average grade between 2.0-2.5 gpt gold), highlighting the potential for an underground bulk tonnage deposit. The deepest drill hole and most significant result to date on the Odyssey discovery is ODY11-2404 (released on April 23, 2014, which yielded 2.85 gpt Au over 110 metres). Drilling has been completed below this intersection and the samples have been sent for assay. Assays remain pending from 5 additional drill holes sent to the lab that targeted the Odyssey North Zone.

Abitibi Royalties Appoints Ian Ball as President

Abitibi Royalties announced that it has appointed Ian Ball as the new president, effective immediately. Ball most recently served as McEwen Mining's president where he was responsible for overseeing production, construction and exploration activities throughout North and South America.

Abitibi Royalties Inc. Approves Resignation of Chad Williams as Director

Abitibi Royalties Inc. at its annual general and special meeting held on June 30, 2014, approved that Chad Williams, who has served as a director of Abitibi Royalties since September 2011, did not stand for re-election at the meeting. He served as a director, as a member of the Compensation and Corporate Governance Committee and as Chair of the Technical Committee.

 

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