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Last C$0.16 CAD
Change Today 0.00 / 0.00%
Volume 0.0
TGX On Other Exchanges
Symbol
Exchange
Venture
OTC US
Stuttgart
As of 12:40 PM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

true north gems inc (TGX) Snapshot

Open
C$0.16
Previous Close
C$0.16
Day High
C$0.16
Day Low
C$0.16
52 Week High
02/26/15 - C$0.19
52 Week Low
05/27/14 - C$0.08
Market Cap
47.6M
Average Volume 10 Days
76.9K
EPS TTM
C$-0.0030
Shares Outstanding
297.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TRUE NORTH GEMS INC (TGX)

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true north gems inc (TGX) Details

True North Gems Inc. explores and develops colored gemstone deposits in Greenland and Canada. The company primarily explores for ruby, emerald, and sapphire. It owns 100% interest in the Aappaluttoq ruby project that consists of 2 prospecting licenses comprising 8 claim blocks covering 823 square kilometers in southwest coast of Greenland. It also holds a 100% interest in the Tsa da Glisza emerald property consisting of 105 claims located in Yukon, Canada; and the Beluga sapphire property comprising 4 claims located on Baffin Island, Nunavut in Canada. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada.

Founded in 2001

true north gems inc (TGX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

true north gems inc (TGX) Key Developments

True North Gems Inc. Provides Construction and Development Update of Aappaluttoq Ruby Mine in SW Greenland

True North Gems Inc. provided a construction and development update for the company's Aappaluttoq ruby mine in SW Greenland. Extension of the 2.4km work-trail from the mine camp to the site of the future processing facility is now over 90% complete. LNS-Greenland (LNSG) estimate approximately 300m of drill-and-blast operations will be required to enable vehicular access to the upper lake area, the majority of the camp modules have now been installed. This includes the four accommodation blocks, the mine offices, hospital and recreation facilities. Construction crew are currently working on the final installation of the main building with its kitchens and dining area. Installation of the sub-floor insulation, general plumbing and wiring throughout the camp is approximately 80% complete, authorization from the Greenlandic Authorities has been granted allowing the company to commence lowering the level of the upper lake the required 10m. This is an important phase, once complete, it will further expose the ore body and also the access route to the mine operations area, currently the site is experiencing the beginning of spring enabling LNSG to resume sea-borne resupply of the site and ensure the project construction stays on-track; 23 Greenlandic staff are currently working at Aappaluttoq utilizing the tented construction camp, with the completion of the mine accommodation units and kitchens the number of construction workers will increase.

True North Gems Inc. Auditor Raises 'Going Concern' Doubt

True North Gems Inc. filed its Annual on Apr 27, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

True North Gems Files Pre-Feasibility Study and Provides Construction Update on the Aappaluttoq Project

True North Gems Inc. announced that, further to its news release dated February 25, 2015, it has filed an independent National Instrument 43-101 compliant technical report on the Aappaluttoq Ruby and Pink Sapphire Project in Southwest Greenland. The construction teams continue to make excellent progress at the Aappaluttoq Mine Site. Work of note since the last construction update of January 29, 2015, includes: Approximately 1,000m of additional work track has been constructed; this runs from the mine camp uphill towards the explosive storage depot and site of the future processing plant. The siting and installation of camp accommodation and office modules and completion of all foundation work for the mine camp. Sub-floor work including insulation, plumbing and electrical installation will progress over the coming weeks. Workshop and process plant construction and other long lead construction materials have been ordered and the delivery timelines inserted into the project workflow. 17 Greenlandic staff are currently on-site.

 

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