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Latest Callinan Mines Ltd. Stories

2011-07-26 08:57:00

VANCOUVER, July 26, 2011 /PRNewswire/ - Callinan Mines has received a payment of $5,090,939 from Hudbay Minerals Inc. This payment represents the remaining balance of payments due to Callinan for fiscal 2010 under the 777 / Callinan Mine Net Profits Interest and Royalty agreement. Interim quarterly payments were made throughout 2010, estimated by Hudbay Minerals Inc. to represent 75% of 6 2/3% of the net profits from the 777 Mine in Flin Flon, Manitoba, plus $0.25 per ton of ore...

2011-07-04 12:58:00

VANCOUVER, July 4, 2011 /PRNewswire/ - The Manitoba Court of Queens Bench (the Court) has issued an interlocutory judgment in Callinan's ongoing action against HudBay Minerals, the operator of the 777 Mine in which Callinan holds a 6 2/3% Net Profits Interest. Callinan's statement of claim, filed in March of 2007, sought an order compelling Hudbay to make available to Callinan all books, records, and accounts concerning the 777 Mine. According to the agreement between Callinan and...

2011-06-02 17:50:00

VANCOUVER, June 2 /PRNewswire-FirstCall/ - Callinan Mines is pleased to report strong financial performance in the nine months ended March 31, 2011. Nine Months Nine Months March 2011 March 2010 Operating summary Revenue $23,665,470 $12,055,162 Operating Income $20,618,457 $10,318,982 Net...

2011-06-02 15:53:00

VANCOUVER, June 2, 2011 /PRNewswire/ - Callinan Mines is pleased to report strong financial performance in the nine months ended March 31, 2011. Nine Months Nine Months March 2011 March 2010 Operating summary Revenue...

2011-05-16 17:03:00

VANCOUVER, May 16 /PRNewswire/ - Callinan Mines has received an interim payment of $5,071,197 from HudBay Minerals Inc. This payment represents 75% of an estimate of 6 2/3 % of the net profits plus $0.25 per ton of ore mined from the 777 Mine in Flin Flon, Manitoba for the quarter ended March 31(st), 2011. On Behalf of the Board of Directors, Mike Muzylowski Mike Muzylowski President and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term...

2011-04-15 09:00:00

VANCOUVER, April 14 /PRNewswire/ - Callinan Mines (TSXV: CAA) (OTCBB: CCNMF) has received complete assays from its recent drill program at Gossan Hill in Northern Manitoba. All 32 holes completed as part of the program returned gold and silver mineralization in encouraging widths and concentrations. The Company has also received assays of additional samples from previously reported diamond drill hole GOS 28. With the new samples incorporated, the zone now averages 4.60 grams of gold...

2011-03-03 13:35:00

VANCOUVER, March 3 /PRNewswire-FirstCall/ - Callinan Mines (TSX.V - CAA, OTC - CCNMF) is pleased to report financial performance for the six month period ending December 31, 2010. Six Months ending December 2010 Operating summary Revenue $10,609,554...

2011-02-25 11:05:00

VANCOUVER, Feb. 25 /PRNewswire/ - Callinan Mines (TSX.V: CAA) ongoing exploration program at Gossan Hill has intersected gold mineralization in each of 12 holes for which assay results have recently been received. The best results, in hole GOS 25, grade 9.73 grams of gold per tonne, and 6.91 grams of silver per tonne over a width of 5.75 meters. The gold intersection in DDH GOS 25 included a width of 3.35 meters grading 15.80 grams of gold per tonne, and 10.87 grams of silver per...

2011-02-15 11:07:00

VANCOUVER, Feb. 15 /PRNewswire/ - Callinan Mines (TSXV:CAA) has received an interim payment of $4,524,342 from HudBay minerals Inc. This payment represents 75% of an estimate of 6 2/3% of the net profits from the 777 Mine in Flin Flon, Manitoba for the quarter ended Dec. 31(st), 2010. Callinan Mines has a current cash position of approximately $18 million, with no debt. The company is involved in an ongoing legal action against Hudbay Minerals designed to gain transparency in the...

2011-01-11 17:40:00

TORONTO, Jan. 11 /PRNewswire/ - In recognition of a storied mining career that spans five decades, Mike Muzylowski, Callinan President and CEO, is being inducted into the Canadian Mining Hall of Fame. In a ceremony to be held this coming Thursday, January the 13(th), 2011, Mike Muzylowski will be enshrined amongst other great Canadian Developers. The Hall of Fame's official citation will pay tribute to his instrumental role in the discovery of 16 producing mines that have "earned him...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.