RNC Minerals (TSE:RNX) Business Description
Symbol(s): TSE:RNX, OTCMKTS:RNKLF
Industry: Gold Mining
RNC Minerals (TSE:RNX) is a Canadian Gold mining company. It’s a junior small producer mainly focused on exploration and development of mineral properties in Australia, USA and Canada. The company has multiple properties including Beta Hunt (Western Australia, Australia), Carolina (Carolina, USA) and Qiqavik (Quebec, Canada).
RNC Minerals (TSE:RNX) has about 2.2 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$102.722 per gold equivalent ounce. The company currently produces 100000 ounces of gold per year with the all-in sustaining costs of US$1200 per ounce.
RNC Minerals has US$14.97 million cash and US$26.2 million debt. The company has 606.32 million shares outstanding and as of January 31, 2020, had a market capitalization of US$214.76 million. The stocks of RNC Minerals trade on the Toronto Stock Exchange and the Over-the-Counter Exchange.
Beta Hunt Mine
The Beta Hunt Mine is a gold mine located in the prolific Kambalda mining district of Australia. RNC has as 100% interest in Salt Lake Mining Pty Ltd. (“SLM”), a private company whose main asset is a 100% interest in the Beta Hunt Mine.
RNC Minerals (TSE:RNX) Share Price Chart
RNC Minerals (TSE:RNX) Technical Data
Last Updated: February 4, 2020
RNC Minerals (TSE:RNX) Financial Data
RNC Minerals (TSE:RNX) Gold Resources
RNC Minerals (TSE:RNX) Valuation by Resources
*** Gold to silver ratio of 88.49 was used in the calculation of silver equivalent resources