Quick Asked: Rubicon Minerals Corporation Contact Us?

Last update: 31 Mar, 2024 78 Views

What does rubicon minerals corporation do? Rubicon Minerals Corporation (Rubicon) fully owns the gold mine, which it acquired from Dominion Goldfields Corporation in 2002, subject to a 2% net smelter return (NSR) royalty to Franco-Nevada.

What is rubrubicon minerals phoenix gold project? Rubicon Minerals Phoenix Gold Project (PGP) is an underground exploration project located in the district of Red Lake, Ontario, Canada. The PGP is approximately 510 hectares in size and located approximately 16 km north of Balmertown, Ontario.

Should rubicon gold shareholders worry about the weak gold price? The weak gold price, which sunk to a six-year low of US$1,056 an ounce on Friday, doesn’t help either. Rubicon’s US$50-million loan from the CPP Investment Board which provides additional risk for shareholders. And the streaming arrangement with Royal Gold is another complication in any restructuring transaction.

How much is rubicon worth today? At its peak, Rubicon was worth more than six dollars a share. It closed Monday at 16 cents. The company raised more than $700 million from investors, but is worth just $63 million today. Rubicon’s meltdown is a cautionary tale for investors, because it didn’t come out of nowhere.

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