Past year: ▼ 40%(2.50c – 5.00c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2012material agreement● Neutral
A duplicate submission. Accession 0000910569-12-000007 carries exactly the same four documents as 0000910569-12-000005, filed the same day: the Zhongrun placement, the final 2011 Prairie Creek assays and the renewed Parks Canada memorandum. Nothing additional is disclosed.
16 Mar 2012material agreement▲ GoodMajor
One filing carrying three announcements: Zhongrun International Mining of Shandong bought a further 6,000,000 units at $0.67 on 10 February, taking it to 15,000,000 shares and 7,500,000 warrants, about 9.6% undiluted; the last two holes of the 2011 program returned 2.54 m at 9.93% zinc, 20.18% lead and 239 g/t silver and 10.68 m at 6.53% zinc, 8.03% lead and 92 g/t silver just south of the defined resource, on two previously unrecognised sub-parallel veins; and on 5 March the company renewed its memorandum of understanding with Parks Canada covering development of Prairie Creek beside the Nahanni National Park Reserve that surrounds it.
16 Mar 2012material agreement● Neutral
A duplicate submission. Accession 0000910569-12-000008 carries exactly the same four documents as 0000910569-12-000005, filed the same day: the Zhongrun placement, the final 2011 Prairie Creek assays and the renewed Parks Canada memorandum. Nothing additional is disclosed.
30 Jan 2012capital raising announcement● NeutralMajor
The filing bundled press releases from December 2011 to early January 2012. The 9 December release reported that the Mackenzie Valley Environmental Impact Review Board found the Prairie Creek Mine unlikely to cause significant adverse impacts and sent the project on to the regulatory permitting phase.
6 Dec 2011drilling result▲ Good
Step-out drilling 1.7 km north of the Prairie Creek mine hit the same vein-hosting fault structure: PC-10-187 assayed 0.52 m at 5.90% zinc, 4.92% lead and 34 g/t silver, and a wedge cut 50 m below it, PC-11-187W2, returned 3.50 m at 11.47% zinc, 5.26% lead and 84 g/t silver. Both intercepts sit stratigraphically above the rocks that host the defined resource, and the deeper follow-up hole PC-11-206 was stopped 230 m short of its target when winter closed the 2011 season.
14 Sept 2011regulatory community update▼ BadMajor
Second-quarter 2011 results (six months to 30 June 2011) show a net loss of $24.55 million, driven mainly by a $21.03 million loss on marketable securities, against a $2.7 million profit in the same period of 2010. Marketable securities fell from $39.4 million at end-2010 to $18.4 million and cash from $4.46 million to $1.08 million, with $3.33 million in short-term investments; this continues the share-portfolio swings in the context. The filing is also tagged to an August 2011 press release on $3 million of federal funding for training Aboriginal employees at Prairie Creek; only its headline appears in the text provided, so no further detail is stated. The statements say the company has no debt and enough resources to operate for twelve months, but that significant additional financing would be needed if operating permits are received.
27 June 2011capital raising announcement▲ GoodMajor
A $5 million unit placement at $0.90, each unit carrying half a warrant at $1.15 for 18 months, agented by Northern Securities with a $1 million over-allotment, to advance Prairie Creek towards production. The price has more than doubled from the $0.40 flow-through of June 2010 in eleven months, and $0.90 is the highest the company raises at anywhere in this record.
1 Feb 2011capital raising announcement▲ Good
A second flow-through placement closed, upsized from $2.0 million to $2.5 million at $0.70 a share, with insiders taking 200,000 shares. That is 75% above the $0.40 of the June placement six months earlier. The proceeds continue the deep-hole program north of the resource, where 2,700 m had been drilled in three holes.
20 Aug 2010quarterly activities report● Neutral
Half-year 2010 results rather than a drill report: net income of $2.578 million for six months, but a $4.661 million loss in the second quarter alone, the swing driven entirely by gains and then losses on the company's portfolio of marketable securities. A diamond drill program is starting at Prairie Creek.
19 July 2010capital raising announcement● Neutral
A $2.5 million flow-through placement closed at $0.40 a share through Northern Securities and Haywood, with a 7% cash commission and broker warrants over 10% of the shares. The money is earmarked for a deep-hole program 1.5 km north of PC-95-125, the northernmost hole defining the resource, which returned 6.3 m at 18.7% zinc, 8.5% lead and 239 g/t silver at 750 m down hole - the target that would occupy the company's drills for the next three seasons.
14 Jan 2010asset acquisition disposition● Neutral
Canadian Zinc paid $650,000 for 3.4 million shares of Zazu Metals, about 11.1% of it, buying exposure to the Lik zinc-lead-silver deposit in northwest Alaska, 22 km from Teck's Red Dog mine and held in a joint venture with Teck American. It is a share purchase, not a business combination, and it is the start of a portfolio of listed holdings that later shows up as the marketable securities on the balance sheet.
21 Sept 2009drilling progress report● Neutral
A drill program starts at the Tuvatu gold project on Viti Levu, Fiji, under a six-month option to acquire it expiring 31 October 2009 - a gold project on the other side of the Pacific from a zinc developer's only real asset. The drilling is meant to test extensions of the known gold zones and nearby anomalies before the option decision.
15 June 2009well test result▲ Good
Phase 5 metallurgical testing on a 530 kg bulk sample taken from underground, run at SGS Lakefield with real mine water through the flow sheet filed in the May 2008 project description, returned positive locked-cycle results. It is a processing test, not a well test, and it supports the permit applications then in environmental assessment before the Mackenzie Valley review board.
28 May 2008regulatory community update● Neutral
Notice and information circular for the 17 June 2008 annual general meeting of Canadian Zinc. Shareholders are asked to receive the 2007 financial statements, set the board at six directors, elect directors, and reappoint Ernst & Young LLP as auditors. This is routine meeting business; the part of the filing provided shows no financing, resource or permitting news.
20 July 2007drilling result▲ GoodMajor
A filing covering four items: a 5 July press release on further vein and stratabound mineralisation at Prairie Creek, a 12 July announcement that surface exploration drilling began, an 18 July $10 million private placement with Sprott Asset Management, and the June proxy voting results.
20 Apr 2007annual report▲ Good
Full-year 2006 results rather than drill assays: a net loss of $1,486,416, $29 million of cash and short-term investments at year end after raising $24.5 million during the year, and a $9 million budget approved for Prairie Creek in 2007. The company spent $7.9 million on the property in 2006, its largest programme since the mine was built.
13 Mar 2007drilling result▲ GoodMajor
The earliest cached event, and the record starts mid-programme rather than at a beginning: underground drilling from the newly driven decline at Prairie Creek returned the first six holes of Section 50650N, including PCU-06-003 with 6.40 m at 12.42% zinc, 15.55% lead, 396 g/t silver and 1.185% copper, and PCU-06-001 with 4.59 m at 23.87% zinc, 9.11% lead and 170 g/t silver. One hole, PCU-06-004, found no significant mineralisation.
