Past year: ▼ 37%(36.0c – 70.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
15 Feb 2005substantial holder notice● Neutral
Passport Master Fund, LP, Passport Master Fund II, LP, Passport Holdings, LLC, Passport Management, LLC, Passport Capital, LLC, John Burbank reported a CANYON RESOURCES CORP shareholding of 3,294,015 shares (11.00% of votes) in a periodic institutional filing.
24 Jan 2005resource reserve update● Neutral
Filed only to furnish a January 24, 2005 press release (PR05-02) as an exhibit. The filing text does not describe what the release says, so no substance can be taken from it.
19 Nov 2004auditor change▼ BadMajor
Canyon confirmed that on November 15, 2004 PricewaterhouseCoopers finished its work and was terminated, and the Audit Committee appointed Ehrhardt, Keefe, Steiner & Hottman, P.C. for the 2004 audit, completing the auditor change flagged in October. The filing says there were no disagreements with PwC, that restated 2003 financials and restated Q1 2004 statements were filed October 25, 2004, and that the material weaknesses came from insufficient review of the Briggs Mine impairment test and insufficient analysis of complex accounting transactions. It also adds a beneficial conversion feature on a convertible debenture to the list of items accounted for wrongly.
15 Oct 2004auditor change▼ BadMajor
Canyon's Audit Committee told PricewaterhouseCoopers it will dismiss them after finishing work on the 2004 interim statements and the 2003 restatement, expected on or before November 15, 2004. It intends to appoint Ehrhardt, Keefe, Steiner & Hottman, P.C. for the 2004 audit once the third quarter report is filed. The filing says PwC found a material weakness in internal controls over stock option plans, which led to a restatement of the 2003 statements, and that the Briggs impairment model and other items were also wrongly accounted for. It reports no disagreements with PwC.
30 Sept 2004resource reserve update● Neutral
Filed only to furnish a September 30, 2004 press release (PR04-19) as an exhibit. The filing text does not describe what the release says, so no substance can be taken from it.
15 Sept 2004listing compliance notice▼ BadMajor
The American Stock Exchange notified Canyon on September 9, 2004 that it is out of compliance with listing rules because the June 30, 2004 quarterly report was not filed by the extended due date. Canyon must submit a compliance plan by September 17, 2004 and be compliant by October 25, 2004, or the exchange will start delisting proceedings. Canyon said it intends to submit a plan and will try to file the report, with the restatements, by October 25.
13 Sept 2004financial restatement● Neutral
Amendment to the September 8 restatement notice that only adds the independent accountants' letter to the SEC, dated September 10, 2004, as an exhibit. The filing itself does not state what the letter says.
8 Sept 2004financial restatement▼ BadMajor
Canyon said investors should no longer rely on its financial statements for 2003 and earlier periods or the quarter ended March 31, 2004, and that they will be restated. It had used an inappropriate impairment model for the Briggs Mine, a loan to a private exploration company should have been expensed as exploration, and it is reviewing accounting for restricted stock issued for services. This follows the delayed quarterly report; the filing gives no restated figures.
23 Aug 2004resource reserve update▼ BadMajor
Canyon said it could not file its quarterly report on time because it is re-examining whether its impairment model for the Briggs Mine assets is appropriate. This is the start of the accounting problems that follow.
17 Aug 2004late filing notice▼ Bad
CANYON RESOURCES CORP notified the SEC that its quarterly report would be filed late.
2 Aug 2004substantial holder notice● Neutral
Ralph K. McCluskey II, John H. Burbank III reported a CANYON RESOURCES CORP shareholding of 1,853,865 shares (7.01% of votes) in a periodic institutional filing.
17 May 2004late filing notice▼ Bad
CANYON RESOURCES CORP notified the SEC that its quarterly report would be filed late.
20 Apr 2004substantial holder notice● Neutral
Ralph K. McCluskey II, John H. Burbank III reported a CANYON RESOURCES CORP shareholding of 1,481,146 shares (5.68% of votes) in a periodic institutional filing.
19 Apr 2004director interest notice● Neutral
CANYON RESOURCES CORP director David K Fagin exercised stock options for 15,400 shares and disposed of 15,400 shares.
14 Apr 2004director interest notice● Neutral
CANYON RESOURCES CORP director David K Fagin exercised stock options for 54,600 shares and disposed of 74,200 shares.
5 Apr 2004director interest notice● Neutral
CANYON RESOURCES CORP director Ronald D Parker exercised stock options for 50,000 shares and disposed of 100,000 shares.
1 Apr 2004director interest notice● Neutral
CANYON RESOURCES CORP director Richard F Mauro exercised stock options for 27,500 shares and disposed of 55,000 shares.
26 Mar 2004director interest notice● Neutral
CANYON RESOURCES CORP director Leland O Erdahl exercised stock options for 15,000 shares and disposed of 17,248 shares.
18 Mar 2004securities registration● Neutral
CANYON RESOURCES CORP filed the final prospectus for a registered offering.
10 Mar 2004securities registration● Neutral
CANYON RESOURCES CORP filed the final prospectus for a registered offering.
10 Mar 2004resource reserve update● NeutralMajor
Canyon agreed to sell 3,202,593 common shares to several investors at $4.37 per share, for gross proceeds of about $13,995,331, off its effective shelf registration. Proceeds are for general corporate purposes, and shares outstanding rise from 26,131,956 to 29,334,549 (about 12% more shares). This is the sale the previous day's filing set up.
9 Mar 2004resource reserve update● Neutral
Filed only to put a proposed form of common stock subscription and investment agreement on record for the company's effective Form S-3 shelf registration (prospectus dated January 29, 2004). It reports no sale or financial figures.
10 Feb 2004substantial holder notice● Neutral
David W. Tice & Associates, LLC, Prudent Bear Funds, Inc. reported no remaining CANYON RESOURCES CORP shareholding in its periodic institutional filing.
29 Jan 2004securities registration● Neutral
CANYON RESOURCES CORP registered a securities offering with the SEC using its shelf eligibility.
20 Nov 2003director interest notice● Neutral
CANYON RESOURCES CORP VICE PRESIDENT-FINANCE Gary C Huber exercised stock options for 25,000 shares and disposed of 50,000 shares.
19 Nov 2003director interest notice● Neutral
CANYON RESOURCES CORP TREASURER Richard T Phillips exercised stock options for 37,500 shares and disposed of 75,000 shares.
5 Nov 2003securities registration● Neutral
CANYON RESOURCES CORP registered a securities offering with the SEC using its shelf eligibility.
7 Oct 2003resource reserve update● NeutralMajor
Canyon announced a completed pre-feasibility study and redesign of the McDonald Gold Project, which remains blocked by the I-137 anti-mining initiative. At a $350/oz gold price the study projects 6.22 million ounces of gold and 18.7 million ounces of silver over 14 years at total cash costs of $188 per gold ounce. Development still depends on I-137 being removed, which follows the December 2002 court loss.
9 July 2003securities registration● Neutral
CANYON RESOURCES CORP amended an already-effective registration statement.
23 June 2003securities registration● Neutral
CANYON RESOURCES CORP amended an already-effective registration statement.
