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Last C$0.14 CAD
Change Today +0.01 / 7.69%
Volume 42.0K
TGX On Other Exchanges
As of 3:52 PM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).

true north gems inc (TGX) Snapshot

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02/26/15 - C$0.19
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08/24/15 - C$0.07
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true north gems inc (TGX) Details

True North Gems Inc. explores and develops colored gemstone deposits in Greenland and Canada. It primarily explores for ruby, emerald, and sapphire. The company’s principal property is the Aappaluttoq Ruby and Pink Sapphire project located in southwest Greenland. 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: --
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

true north gems inc (TGX) Key Developments

True North Gems Inc. Announces Executive Changes

True North Gems Inc. announced that Mr. Christopher Richards has assumed the role of Chief Financial Officer of the Company. Stepping down from the position is Ms. Jacqueline Tucker. Mr. Richards was Controller at NovaGold Resources Inc. for nearly 2 years before being appointed VP Finance and Corporate Secretary at Altynalmas Gold (now Kyzyl Gold Ltd.).

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.


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