Fresh Off the Press
Bloomberg Business
March 04, 2015 3:25 PM ET
Metals and Mining
Company Overview of First Nevada Mining Corporation
Company Overview
First Nevada Mining Corporation provides exploration and mining of metals and minerals. The company is based in North Vancouver, Canada.
2104 Front Street
North Vancouver, BC V7H 1A3
Canada
Phone:
604-512-8118
www.firstnevadamining.com
Key Executives for First Nevada Mining Corporation
Mr. Duane A. Nelson
Founder, President, and Chief Executive Officer
Age: 54
Compensation as of Fiscal Year 2014.
First Nevada Mining Corporation Key Developments
First Nevada Mining Corporation Signs Operating Agreement with Keystone Mine
Feb 16 15
Equitorial Exploration Corp. announced that it’s 45% owned subsidiary, First Nevada Mining Corporation has reported that it has signed an Operating Agreement with Keystone Mine LLC (Keystone) of Surprise, Arizona, and Mining Global Inc. (Mining Global) of Wickenburg, Arizona. The Agreement outlines the terms and conditions for the mining and processing of material from Keystone’s 100% owned, Keystone Mine (the Property) in Wickenburg, Arizona. The Keystone Mine Property is located 12 miles east of the Town of Wickenburg, in Yavapai County, Arizona. The Property consists of 172.613 acres of private land in the historical Black Rock Mining District. The Operating Agreement outlines terms under which FNMC can participate in profit sharing through the processing of up to 80,000 tons of stockpiled material at the Keystone Mine. Under the terms of the Operating Agreement, FNMC will pay Keystone and Mining Global) 50% of the net income generated on the Property from the sale of materials produced, extracted or concentrated from processing of 30,000 tons of stockpiled material on the property. Prior to the distribution of any net-income, FNMC shall recover all direct costs related to the mobilization, set-up, bulk sampling, pre-production, or production costs on the Property.
