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Last €0.01 EUR
Change Today +0.004 / 44.44%
Volume 0.0
WC7 On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Munich
As of 2:08 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

wallbridge mining co ltd (WC7) Snapshot

Open
€0.02
Previous Close
€0.0090
Day High
€0.02
Day Low
€0.01
52 Week High
11/3/14 - €0.07
52 Week Low
08/21/15 - €0.0050
Market Cap
2.2M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
167.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WALLBRIDGE MINING CO LTD (WC7)

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wallbridge mining co ltd (WC7) Details

Wallbridge Mining Company Limited acquires, explores for, and develops mineral properties in North America. The company primarily explores and produces for nickel, copper, platinum, palladium, and gold. It holds interest in the Broken Hammer open pit mining project located in Sudbury, Ontario. The company is also exploring a package of properties in Sudbury, including operating several exploration joint ventures with partners Lonmin Plc, Impala Platinum Holdings Limited, and Glencore. Wallbridge Mining Company Limited was founded in 1996 and is headquartered in Greater Sudbury, Canada.

23 Employees
Last Reported Date: 03/31/15
Founded in 1996

wallbridge mining co ltd (WC7) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$250.0K
Executive Chairman, Member of Nominating Comm...
Total Annual Compensation: C$155.2K
Chief Financial Officer
Total Annual Compensation: C$153.0K
Vice President of Exploration
Total Annual Compensation: C$129.4K
Compensation as of Fiscal Year 2014.

wallbridge mining co ltd (WC7) Key Developments

Wallbridge Mining Co. Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Production and Earnings Results for the Six Months Ended June 30, 2015

Wallbridge Mining Co. Ltd. reported unaudited consolidated earnings results for the second quarter and production and earnings results for the six months ended June 30, 2015. For the quarter, revenue was CAD 1,380,014. Loss from operations was CAD 1,339,955. Loss before income taxes was CAD 1,681,807 against CAD 755,567 a year ago. Net loss for the period attributable to equity holders of the company was CAD 1,055,568 or CAD 0.01 per diluted share against CAD 548,377 or CAD 0.00 per diluted share a year ago. For the six months, revenue was CAD 12,859,520. Loss from operations was CAD 606,045. Loss before income taxes was CAD 443,176 against CAD 1,495,583 a year ago. Net earnings for the period attributable to equity holders of the company was CAD 152,631 or CAD 0.00 per diluted share against net loss for the period attributable to equity holders of the company of CAD 993,417 or CAD 0.01 per diluted share a year ago. The Broken Hammer open pit Mine produced 87,000 tonnes of ore containing 1.8 million pounds of contained copper, 4,400 ounces of palladium, 5,000 ounces of platinum, 1,400 ounces of gold 8,900 ounces of silver during the six months ended June 30, 2015.

Wallbridge Mining Company Limited Uncovers Massive Sulfide Ni-Cu-PGM Mineralization on its Parkin Properties, Sudbury, Ontario

Wallbridge Mining Company Limited announced preliminary results from fieldwork which is underway exploring for nickel, copper, and platinum group metals on its Parkin properties in Sudbury, Ontario. Mechanical stripping has exposed six areas with massive, semi-massive, and net textured sulfide mineralization at the surface expression of the Parkin Resource. The individual mineralized lenses range from 2 to 10 metres in width and up to 25 metres strike length and occur along a 700 metre strike length of the Parkin Offset dyke. Wallbridge initiated the mechanical stripping to determine the continuity of the mineralization and to better understand the geological controls on mineralization to help target further exploration. This work follows a successful drilling program this spring which demonstrated significant near-surface resource expansion potential at Parkin. Pressure washing and detailed mapping of the exposed areas is currently underway and will be followed by systematic channel sampling this summer. 2015 exploration results to date: Stripping has uncovered massive, semi-massive, and net textured sulfide mineralization in six areas at the surface expression of the Parkin Resource. The individual mineralized lenses range from 2 to 10 metres in width and up to 25 metres in strike length, and are distributed over a total strike length of 700 metres. WMP-139: 4.02 meters of 2.96% copper, 0.69% nickel, 1.51 g/t platinum, 0.44 g/t palladium, 0.36 g/t gold from 500.52 to 504.54 metres downhole; WMP-141: 11.60 metres of 0.61 % copper, 0.81 % nickel, 0.49 g/t platinum, 0.49 g/t palladium, and 0.12 g/t gold from 464.50 to 476.10 metres downhole including 2.25 metres of 0.96 % copper, 1.16 % nickel, 1.51 g/t platinum, 0.66 g/t palladium, and 2.41 g/t gold.

Wallbridge Mining Company Limited Announces Unaudited Consolidated Earnings Results and Production Results for the First Quarter Ended March 31, 2015; Provides Revenue Guidance for the Second and Third Quarter of 2015 and Earnings Guidance for the Full Year of 2015

Wallbridge Mining Company Limited announced unaudited consolidated earnings results and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of CAD 11,479,506 and earnings from operations of CAD 733,910. Earnings before income taxes were CAD 1,238,631 against loss before income taxes of CAD 740,016 a year ago. Net earnings for the period attributable to equity holders of the company was CAD 1,208,199 or CAD 0.01 basic and diluted per share against net loss for the period attributable to equity holders of the company of CAD 445,040 or CAD 0.00 basic and diluted per share a year ago. For the quarter, the company reported that the Broken Hammer open pit Mine produced 69,000 tonnes of ore containing 1.5 million pounds of contained copper, 3,400 ounces of palladium, 4,000 ounces of platinum, 1,100 ounces of gold 6,700 ounces of silver during the three months ended March 31, 2015. The company provided revenue guidance for the second and third quarter of 2015 and earnings guidance for the full year of 2015. On March 26, 2015, the company suspended the operation of its Broken Hammer open pit due to spring thaw load restrictions imposed by municipalities. The company expects to resume operations by the first week of June 2015. With the shut-down, revenue for the second quarter will be reduced and the company doesn't anticipate positive earnings until the third quarter when operations are in full production. The company forecasts the expected cashflow from the operations for the remainder of the project to be in the range of approximately CAD 3.0 million based on metal prices and USD exchange rate at March 31, 2015. The life-of-mine cash flow for the project is forecast to be in the range of approximately CAD 5 million. This is in line with previous estimates. However, should the metal prices or US dollar exchange fluctuate, the forecasted cash flow would be affected accordingly.

 

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