Denver Gold Group > Member Company Profile > Rio Novo Gold Inc.
Address
155 University Avenue, 1240, King Street and University Avenue
Toronto, ON M5H 3B7
Canada
Value Drivers
- Almas PEA in March 2012
- Almas DFS in Q3 2012 and Production Planned for 2013
- Colombian Drilling to Commence in March 2012
Management
| Chairman: | Sean Roosen |
| CEO/President/MD: | David Beatty / Julio Carvalho |
| Other Key Staff: | Brian Arkell, Senior Vice-President, Exploration and Corporate Development Alexandre Penha, General Manager, Corporate Development |
IR Contact
Alex Penha
416-368-8288
alex.penha@Rnovogold.com
www.Rnovogold.com
Cautionary Information
© Copyright 2012, Denver Gold Group & Rio Novo Gold Inc..
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Rio Novo Gold Inc.
Toronto Stock Exchange : RN
Last Updated: April 10, 2012
| Status: | Developer |
| Primary Mineral: | Gold |
| Primary Country of Operation: | Brazil |
| Other Countries of Operation: | Colombia |
Rio Novo Gold Inc. (RN-TSX; RN.WT-TSX) is a well-funded emerging gold company focused on the acquisition, exploration and development of gold mineral resource properties in proven mineral jurisdictions in South America. Our goal is to become a socially and environmentally responsible producer of gold by bringing into production our two projects in Brazil, the past-producing Almas Gold Project and the Guarantã Gold Project, and the recently acquired Toldafria Gold Project, located in Colombia, which has a 100-year history of artisanal small scale gold production. Rio Novo’s resource inventory stands at 961,711 oz M&I and 1,188,787 oz Inferred. Rio Novo’s management team and board of directors enjoy an outstanding track record in mine financing, exploration, development and production, with comprehensive experience and operational success in South America.
Other Markets Traded On
RN: WT-TSX
Top Shareholders
- Coralbrook
- Craton Capital
- Fidelity Investments Canada
Capital Structure
| Common Shares Outstanding: | 113,078,750 |
| Float (%): | 40 |
| Warrants Outstanding: | 14,375,000 |
| Options Outstanding: | 9,185,335 |
| Fully Diluted Shares: | 136,639,085 |
Stock as of April 24, 2012
| Local: CAD | USD | |
|---|---|---|
| Stock Price: | 0.40 | 0.40 |
| 52-Week Range: | 0.4000 - 2.1000 | 0.40 - 2.12 |
| Market Cap: | 45 MM | 46 MM |
| Fully Diluted Market Cap: | 55 MM | 55 MM |
| 1-Year Return: | -80.77% |