Investors
F.A.Q.
Where does the stock trade and what is its symbol? Malbex trades on the TSX Venture Exchange under the symbol MBG.
What is the Company's year-end? September 30
Who are its auditors? PriceWaterhouseCoopers
Who is the Company's transfer agent? Computershare Trust Company of Canada
How many shares does the Company have outstanding? Fully diluted? At Dec. 4, 2009 the Company had 56.5 million shares outstanding and 66.1 million fully diluted.
What is the Company's working capital position? As of September 30, 2009, after giving effect to the Reverse Takeover, the Company's working capital was approximately $8.7 million.
Why should I invest in the Company? Click here to view investor snapshot.
Why focus on Argentina? The first reason is geology: our three properties are located in the prolific El Indio Gold Belt, which hosts some 40 million ounces of gold in current reserves and past production, including the Veladero and Pascua-Lama deposits. Second is jurisdiction: the three properties are contained within San Juan province, which is Argentina's most pro-mining province. Government support is strong, since the provincial government has an economic interest in development of any discoveries. Thirdly, given the number of gold mines and projects in San Juan province, there is already good infrastructure and a skilled labour force to draw on.
What is the government's ownership in the Malbex projects? The Instituto Provincial de Exploraciones y Explotaciones Mineral (IPEEM), an arm's-length agency of the San Juan provincial government, holds the underlying exploration concessions. Malbex holds its 100% interest in the projects through 5 ½ -year exploration agreements with IPEEM, which began in September 2008. The agreements are convertible into 30-year renewable exploitation licenses with a 3% royalty to the province and a 2% royalty to IPEEM.
What are the Company's spending obligations? Based on its exploration agreements with IPEEM, Malbex is required to make staged expenditures over the 5 ½ year period of the agreements, beginning with a US$3.5 million expenditure in the first phase (September 1, 2008 through February 28, 2010) and continuing as shown in the table below. Any of the projects may be returned to IPEEM after each anniversary date, provided that the expenditure requirements are up to date.
| Project | Phase 1 | Phase 2 | Phase 3 | Phase 4/5 | Total |
|---|---|---|---|---|---|
| (Dollar values in US$ million) | |||||
| Del Carmen | 1.5 | 2.5 | 6.0 | 10.0 | 20.0 |
| Despoblados | 1.0 | 2.0 | 4.0 | 8.0 | 15.0 |
| Los Amarillos | 1.0 | 2.0 | 3.0 | 4.0 | 10.0 |
| Total | 3.5 | 6.5 | 13.0 | 22.0 | 45.0 |
Why is the Malbex field season September to April? The Company is working in the Andes in the Southern hemisphere. Accordingly, September through April constitute the summer months and the optimal time for field work on the projects. The months from May to August are typically spent analyzing data from the prior season and planning the next work season.
Are there any third-party technical reports on the Malbex projects? View independent technical reports.
Who is on the Board? Management team? View our Board & Management pages.
Where can I find the most recent presentation? View presentations