- Estimated pre-tax NPV7% of $382M ($263M after-tax) & 22% IRR (19% after-tax) - The PEA contemplates a 5,000 tonne per day underground mine and concentrator with a 14 year mine life; estimated costs and design are in-line with existing mining operations in the region - The Deposit is open to depth, with potential to increase mine life [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 6, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased to announce that it has reached an agreement (the "Agreement") with Teck Resources Ltd. ("Teck") to extinguish Teck's back-in rights on Foran's Bigstone, Balsam and Hanson properties (the "Properties") located [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 10, 2014) - PEA is fully funded by current cash reserves All on-site work, including site visits, has been completed Anticipated completion in Q4/2014 Foran Mining Corp. (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased to announce that a Preliminary Economic Assessment ("PEA") is underway [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 13, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") today announced its financial results for the six month period ended June 30, 2014. The Company recorded a net loss of $752,372 or $0.01 per share (basic and diluted). This compares to a net loss of $1,039,511 or $0.01 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 1, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") wishes to announce that Darren Morcombe, Chairman of the Board of Directors of Foran, has recently increased his share ownership interest to 12.5% of the Company's issued and outstanding common shares ("Shares"), or 13.4 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 30, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased to announce a summer exploration program (the "Program") on the Company's McIlvenna Bay, Balsam and Hanson properties (the "Properties") surrounding its 100% owned McIlvenna Bay deposit ("McIlvenna Bay" or the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased to announce that all resolutions were approved by shareholders of the Company at its May 28, 2014 Annual and Special Meeting of Shareholders. This included the election of directors, appointment of auditors [...]
VANCOUVER, BRITISH COLUBMIA--(Marketwired - May 26, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") today announces that the Company will hold its Annual and Special Meeting of Shareholders at 10:00 am (Pacific Time) on Wednesday, May 28, 2014. The meeting will be held at 409 Granville Street, Suite 904, Vancouver [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") today announces that the Company will hold its Annual and Special Meeting of Shareholders at 1:30 pm (Pacific Time) on Wednesday, May 28, 2014. The meeting will be held at 409 Granville Street, Suite 904, Vancouver [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") has completed the previously announced winter exploration program (the "Program") on its McIlvenna Bay and Bigstone properties in east-central Saskatchewan. Exploration activities included initial diamond drilling on [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 28, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") today announced its financial results for the fifteen month period ended December 31, 2013. The Company recorded a net loss of $2.8 million or $0.04 per share (basic and diluted). This compares to a net loss of $1.4 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 18, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased to announce it has commenced a winter exploration program on its McIlvenna Bay and Bigstone properties in east-central Saskatchewan. Exploration activities will include diamond drilling on Target A, a recently [...]