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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 803.8K
As of 12:13 PM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).

silver bear resources inc (SBR) Snapshot

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52 Week High
10/10/14 - C$0.13
52 Week Low
09/25/15 - C$0.03
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silver bear resources inc (SBR) Details

Silver Bear Resources Inc., an exploration stage company, engages in the evaluation, acquisition, exploration, and development of precious metal properties in the Russian Federation. Its principal asset includes the Mangazeisky property that covers a total area of 570 square kilometres and is located in the north of Yakutsk in the Republic of Sakha, Yakutia. Silver Bear Resources Inc. was incorporated in 2004 and is headquartered in Toronto, Canada.

21 Employees
Last Reported Date: 03/30/15
Founded in 2004

silver bear resources inc (SBR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $34.5K
Interim Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

silver bear resources inc (SBR) Key Developments

Silver Bear Resources Inc. Wins Procurement Contract

Silver Bear Resources Inc. announced that orders have been placed for vital long lead process equipment items, and in addition the Company has awarded a procurement services contract for the ongoing works at the Company's wholly-owned Mangazeisky Silver Project in Yakutia, Russia. Placed order for three vital long-lead items namely; electro winning cell processing equipment; high performance filters with built in cake-washing capability, and; mill used for regrinding the concentrate before intensive leaching, all items are expected to help increase silver recovery and minimize operating costs; and awarded procurement services contract to PT Mining, Russia ensuring the Company meets its deadlines during the tight and intensive 2015-2016 procurement window. Further to the order that was placed with CITIC Heavy Industries Co. Ltd. for a 500 kW (ø3.0 x 3.7 m EGL) ball mill announced in July the Company has entered into an agreement to purchase the emew® electrowinning cell processing equipment from Electrometals Group. This electrowinning processing equipment enables the Company to produce high grade (three 9's) solid silver powder directly from the leach solution without an intermediate carbon stage. The anticipated delivery is in time for 2016 winter road resupply. The emew® system has been available for nearly 20 years successfully installed in over 50 industrial plants worldwide. The technology offers increased production capacity, on a reduced footprint and excellent recoveries from lower concentrations. The Company has also placed an order with Bilfinger of Italy for two high performance filters with built in cake- washing capability. These machines constitute the essential final stage in the separation of silver bearing solution from the barren solids; supplying clear solution to the electrowinning system. In addition, the Company has placed an order with Metso for a mill used for regrinding the gravity concentrate before the intensive leaching. It is anticipated that this gravity concentration and intensive leaching will minimise cyanide consumption and improve silver recovery. Due to a tight and intensive procurement window the Company has awarded PT Mining of Russia a contract for procurement services for the Mangazeisky silver mine development. PT Mining demonstrated the necessary experience and skills to perform the procurement service, with the added ability to maximise the use of Russian based suppliers. It will be PT Mining's responsibility to compile packages of equipment and materials to supply complete process plant sections and take responsibility for delivery and potentially erection on site. PT Mining will work in collaboration with the Company's own procurement specialists and Tetra Tech.

Silver Bear Resources Inc. Announces Executive Changes

Silver Bear Resources Inc. announced that Mr. Robin Birchall will be stepping down as Executive Chairman of the company at the end of September, after serving in his position for 3 years. Mr. Birchall was appointed with the mandate to ensure that the company had the team and funding to advance the Mangazeisky silver project through the development and construction stage. Mr. Birchall will continue to provide his services while the company secures the final required funding for the construction of the Mangazeisky project after which he shall step down due to the requirements of his other business interests. Mr. Birchall will remain on the Board as a director. The board will appoint Mr. Chris Westdal to replace Mr. Birchall in the role of Non-executive Chairman. Mr. Westdal is a former Canadian diplomat with 22 years of experience in the field, 16 heading Canadian Embassies, High Commissions and international delegations, including Ambassador to Russia from 2003 to 2006.

Silver Bear Resources Inc., Special/Extraordinary Shareholders Meeting, Aug 20, 2015

Silver Bear Resources Inc., Special/Extraordinary Shareholders Meeting, Aug 20, 2015.


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