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November 12, 2015 |
Rubicon Minerals Announces Filing of Its Third Quarter 2015 Financial Statements
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TORONTO, ONTARIO--(Marketwired - Nov. 12, 2015) - Rubicon Minerals Corporation (TSX:RMX)(NYSE MKT:RBY) ("Rubicon" or the "Company") today announced that it has filed its third quarter financial statements for the period ended September 30, 2015. The Company confirms that copies of Rubicon's interim financial statements and management discussion and analysis for the third quarter ended September 30, 2015 can be obtained at www.rubiconminerals.com or www.sedar.com or www.sec.gov/edgar.shtml. Change in Accounting Policy on Exploration and Evaluation Expenditures In conjunction with the increased geological complexity of the F2 Gold Deposit, as determined in the trial stoping period (see Rubicon new release dated November 3, 2015), during the period ended September 30, 2015 the Company adopted a voluntary change in accounting policy on exploration and evaluation ("E&E") expenditures. The Company's new policy on accounting for E&E expenditures is to expense these costs until such time as the technical feasibility and commercial viability has been established that supports the future development of the Phoenix Gold Project, and such development receives appropriate board approvals. The change in accounting policy has been applied retrospectively to all of the Company's exploration activities for all properties. See "Changes in Accounting Policies" in the management discussion and analysis for the third quarter ended September 30, 2015. The change in accounting policy does not impact the importance, scope or nature of the Company's ongoing E&E activities. About Rubicon Minerals Corporation Rubicon is a development stage company focused on bringing its 100%-owned Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada, into potential commercial production. Additionally, Rubicon controls over 100 square miles of prime exploration ground in Red Lake and approximately 350 square miles of mineral property interests in the emerging Long Canyon gold district that straddles the Nevada-Utah border in the United States. Rubicon's shares are listed on the NYSE.MKT (RBY) and the Toronto Stock Exchange (RMX). RUBICON MINERALS CORPORATION Michael Winship, Interim President and Chief Executive Officer The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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CONTACT INFORMATION: |
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INDUSTRY: Manufacturing and Production - Mining and Metals |
Suite 900, 25 York Street, Toronto, ON M5J 2V5 | Toll Free:888-299-0338 | Phone: 416-362-0885 | info@marketwired.com
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : RBY |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rubicon Min. is a gold exploration company based in Canada. Rubicon Min. holds various exploration projects in Canada. Its main exploration properties are RED LAKE MCCUAIG, RED LAKE EAST BAY, RED LAKE NORTH, MCCUAIG, RED LAKE SLATE BAY, RED LAKE DMC, RED LAKE ADAMS LAKE, RED LAKE HUMLIN and RED LAKE PHOENIX GOLD in Canada. Rubicon Min. is listed in Canada and in United States of America. Its market capitalisation is 46.5 millions as of today (€ 41.1 millions). Its stock quote reached its highest recent level on December 03, 2010 at 6.34, and its lowest recent point on January 11, 2016 at 0.03. Rubicon Min. has 47 442 200 shares outstanding. |