Foran Mining (FMCXF) Expected to Announce Earnings on Tuesday

Foran Mining (OTCMKTS:FMCXF) is expected to be releasing its results after the market closes on Tuesday, May 12th. Analysts expect Foran Mining to post earnings of ($0.0054) per share and revenue of $6.9280 million for the quarter.

Foran Mining Price Performance

Shares of OTCMKTS:FMCXF remained flat at $3.94 during mid-day trading on Tuesday. The firm’s 50 day moving average is $4.24 and its 200 day moving average is $3.80. Foran Mining has a one year low of $1.80 and a one year high of $5.44.

About Foran Mining

Foran Mining Corp. is a Vancouver, British Columbia–based mineral exploration and development company focused on discovering and advancing high-grade copper-zinc volcanogenic massive sulfide (VMS) deposits. The company’s flagship asset is the McIlvenna Bay project, a 100%-owned VMS deposit located in the prolific Flin Flon Greenstone Belt of northern Saskatchewan. McIlvenna Bay hosts a multi-million-tonne resource containing copper, zinc, gold and silver, and has been the subject of numerous drilling campaigns aimed at expanding the known mineralization and upgrading the project’s resource classification.

In addition to McIlvenna Bay, Foran holds a portfolio of complementary exploration properties in Saskatchewan’s mineral-rich Hanson Lake and Bigstone areas, where historic VMS showings and district-scale volcanogenic systems offer potential for new discoveries.