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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.03
CPN's Cash-to-Debt is ranked lower than
92% of the 153 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.22 vs. CPN: 0.03 )
Ranked among companies with meaningful Cash-to-Debt only.
CPN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03  Med: 0.22 Max: No Debt
Current: 0.03
Equity-to-Asset 0.17
CPN's Equity-to-Asset is ranked lower than
82% of the 152 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.34 vs. CPN: 0.17 )
Ranked among companies with meaningful Equity-to-Asset only.
CPN' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.39  Med: 0.18 Max: 1
Current: 0.17
-0.39
1
Interest Coverage 1.33
CPN's Interest Coverage is ranked lower than
75% of the 126 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 3.21 vs. CPN: 1.33 )
Ranked among companies with meaningful Interest Coverage only.
CPN' s Interest Coverage Range Over the Past 10 Years
Min: 0.92  Med: 1.31 Max: 3.08
Current: 1.33
0.92
3.08
Piotroski F-Score: 6
Altman Z-Score: 0.23
Beneish M-Score: -2.35
WACC vs ROIC
6.54%
4.59%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 12.49
CPN's Operating Margin % is ranked lower than
54% of the 153 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.01 vs. CPN: 12.49 )
Ranked among companies with meaningful Operating Margin % only.
CPN' s Operating Margin % Range Over the Past 10 Years
Min: 9.96  Med: 13.82 Max: 49.72
Current: 12.49
9.96
49.72
Net Margin % 1.37
CPN's Net Margin % is ranked lower than
65% of the 153 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 7.19 vs. CPN: 1.37 )
Ranked among companies with meaningful Net Margin % only.
CPN' s Net Margin % Range Over the Past 10 Years
Min: -2.79  Med: 1.82 Max: 33.79
Current: 1.37
-2.79
33.79
ROE % 2.99
CPN's ROE % is ranked lower than
63% of the 150 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 5.96 vs. CPN: 2.99 )
Ranked among companies with meaningful ROE % only.
CPN' s ROE % Range Over the Past 10 Years
Min: -4.25  Med: 3.14 Max: 27.45
Current: 2.99
-4.25
27.45
ROA % 0.50
CPN's ROA % is ranked lower than
63% of the 155 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.87 vs. CPN: 0.50 )
Ranked among companies with meaningful ROA % only.
CPN' s ROA % Range Over the Past 10 Years
Min: -1.1  Med: 0.64 Max: 14.31
Current: 0.5
-1.1
14.31
ROC (Joel Greenblatt) % 5.67
CPN's ROC (Joel Greenblatt) % is ranked lower than
64% of the 154 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 7.21 vs. CPN: 5.67 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CPN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.11  Med: 6.55 Max: 32.18
Current: 5.67
4.11
32.18
3-Year Revenue Growth Rate 10.00
CPN's 3-Year Revenue Growth Rate is ranked higher than
67% of the 116 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 4.00 vs. CPN: 10.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CPN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -11.9  Med: 4.2 Max: 98.1
Current: 10
-11.9
98.1
3-Year EBITDA Growth Rate 15.70
CPN's 3-Year EBITDA Growth Rate is ranked higher than
67% of the 101 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 9.40 vs. CPN: 15.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
CPN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -57.6  Med: 18.6 Max: 119.4
Current: 15.7
-57.6
119.4
3-Year EPS without NRI Growth Rate 105.40
CPN's 3-Year EPS without NRI Growth Rate is ranked higher than
97% of the 90 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 8.70 vs. CPN: 105.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
CPN' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -86.7  Med: 33.4 Max: 396.9
Current: 105.4
-86.7
396.9
GuruFocus has detected 4 Warning Signs with Calpine Corp $CPN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» CPN's 10-Y Financials

Financials (Next Earnings Date: 2017-05-10 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

CPN Guru Trades in Q1 2016

Andreas Halvorsen 10,493,251 sh (+114.96%)
Jim Simons 2,567,700 sh (+90.33%)
Joel Greenblatt 735,708 sh (+1.75%)
Robert Bruce 294,849 sh (unchged)
First Eagle Investment 1,000 sh (unchged)
Murray Stahl 11,798 sh (-0.01%)
HOTCHKIS & WILEY 38,759,340 sh (-3.04%)
RS Investment Management 2,901,783 sh (-9.44%)
» More
Q2 2016

CPN Guru Trades in Q2 2016

Steven Cohen 4,064,700 sh (New)
David Einhorn 5,660,000 sh (New)
Andreas Halvorsen 20,366,388 sh (+94.09%)
Robert Bruce 294,849 sh (unchged)
Murray Stahl 11,798 sh (unchged)
First Eagle Investment 1,000 sh (unchged)
Joel Greenblatt Sold Out
RS Investment Management 2,879,467 sh (-0.77%)
HOTCHKIS & WILEY 38,019,617 sh (-1.91%)
Jim Simons 687,300 sh (-73.23%)
» More
Q3 2016

CPN Guru Trades in Q3 2016

Ray Dalio 22,700 sh (New)
Signature Select Canadian Fund 319,000 sh (New)
Caxton Associates 175,000 sh (New)
David Einhorn 11,239,800 sh (+98.58%)
HOTCHKIS & WILEY 40,068,420 sh (+5.39%)
Andreas Halvorsen 21,186,523 sh (+4.03%)
Murray Stahl 11,798 sh (unchged)
First Eagle Investment 1,000 sh (unchged)
Robert Bruce 294,849 sh (unchged)
Steven Cohen 842,300 sh (-79.28%)
Jim Simons 29,100 sh (-95.77%)
» More
Q4 2016

CPN Guru Trades in Q4 2016

NWQ Managers 4,927,132 sh (New)
Chuck Royce 100,000 sh (New)
Jim Simons 45,200 sh (+55.33%)
HOTCHKIS & WILEY 42,518,410 sh (+6.11%)
First Eagle Investment 1,000 sh (unchged)
Robert Bruce 294,849 sh (unchged)
Paul Singer 3,500,000 sh (unchged)
Andreas Halvorsen Sold Out
Steven Cohen Sold Out
Ray Dalio Sold Out
Caxton Associates Sold Out
Murray Stahl Sold Out
David Einhorn 10,961,000 sh (-2.48%)
» More
» Details

Insider Trades

Latest Guru Trades with CPN

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Business Description

Industry: Utilities - Independent Power Producers » Utilities - Independent Power Producers    NAICS: 221116    SIC: 4911
Compare:NYSE:AQN, OTCPK:NPIFF, NYSE:ORA, OTCPK:TRSWF, OTCPK:ERGZF, OTCPK:EGDCY, NYSE:NEP, NAS:PEGI, NAS:TERP, NYSE:TAC, OTCPK:XTNY, NYSE:NRG, OTCPK:RSHYY, OTCPK:LGSXY, OTCPK:INGXF, NAS:CAFD, NYSE:DYN, OTCPK:BRLXF, OTCPK:EDRVF, NAS:GLBL » details
Traded in other countries:CJ3A.Germany,
Headquarter Location:USA
Calpine Corp is a power generation company engaged in the ownership and operation of natural gas-fired and geothermal power plants in North America. It sells power, steam, capacity & ancillary services to utilities & independent electric system operators.

Calpine is the largest natural-gas power producer in the United States, with 3.0 GW of simple-cycle combustion turbines, 6.3 GW of combined-cycle cogeneration, and 15.8 GW of combined-cycle combustion turbines. Its fleet is located in three primary regions: East (36% of capacity), Texas (35%), and West (29%). It also owns 725 MW of geothermal generation in California geothermal generation and 4 MW of solar generation.

Top Ranked Articles about Calpine Corp

David Einhorn Purchases Stake in Calpine America's largest generator of electricity from natural gas is expanding operations and trading at a 5-year low
David Einhorn (Trades, Portfolio), founder of Greenlight Capital, purchased a 5,660,000-stake in Calpine Corp. (NYSE:CPN) in the second quarter. The trade had a 1.53% impact on Einhorn’s portfolio. Read more...
David Einhorn Adds Calpine, Rite Aid, Amaya to Portfolio The guru’s top 3 new holdings
David Einhorn (Trades, Portfolio) of Greenlight Capital acquired three new holdings during the second quarter. They are Calpine Corp. (NYSE:CPN), Rite Aid Corp. (NYSE:RAD) and Amaya Inc. (NASDAQ:AYA). Read more...
Andreas Halvorsen Takes 6% of Calpine Corp After Doubling Stake Tiger cub investor with 15% annualized return ups investment in top power plant company
Andreas Halvorsen (Trades, Portfolio), a former protégé of hedge fund pioneer Julian Robertson (Trades, Portfolio), on June 23 doubled his stake in one of the largest power generators in the U.S., Calpine Corp. (NYSE:CPN), as lower natural gas prices spur natural gas-fired generation and are expected to continue. Read more...
Carpathian Gold Strengthens Engineering Team and Provides Corporate Update

TORONTO, ONTARIO--(Marketwired - Jun 23, 2016) - Carpathian Gold Inc. (CSE:CPN) (the "Corporation" or "Carpathian") is pleased to provide a corporate update following the recently announced private placement, management re-organization, and the divestment of its Riacho dos Machados project in Brazil. Recent Transactions On April 29, 2016, Carpathian closed the divestment of the Riacho dos Machados project in Brazil to Yamana Gold. This transaction included the US$1.0 million private placement from Yamana and the subsequent elimination of all outstanding debt instruments in Carpathian owed to Macquarie Bank relating to the Riacho dos Machados project. On May 19th, 2016 Carpathian closed a Private Placement with Forbes & Manhattan, Sulliden Mining Capital and Black Iron, for CDN$10 million at a price of $0.07, a 250% premium to the share price at that time. Carpathian also announced significant changes to its board of directors and management team, with the resignation of two directors the appointment of Mr. G. Scott Moore, MBA, as President and CEO and Mr. Paul Bozoki, MBA, as CFO, as well as the appointed of Stan Bharti, P.Eng., Peter Tagliamonte, P.Eng., and Matthew Simpson, P.Eng. to the board of directors. Engineering Team Strengthened In preparation for the construction and permitting phase proposed in the mining licence, Carpathian has strengthened its technical team with the addition of Mr. Joseph Milbourne and Mr. Les Kwasik. Joseph Milbourne, FAUSIMM, has been appointed Technical Services Manager, effective immediately, and will be the lead project engineer for Carpathian as it transitions from the exploration phase to mine permitting and construction. Mr. Milbourne is a metallurgist with over 40 years of experience in the development, design, construction and management of mineral processing projects in North America, South America and overseas. Mr. Milbourne is the former Vice-President of Technical Services and Operations for Sulliden Gold Corp., which was acquired by Rio Alto in 2014. Prior to that, he was Technical Director AMEC Mining and Metals where he oversaw process engineering and has international experience with BHP, Eldorado and Cominco. He has a B.S. in Metallurgical Engineering from New Mexico Institute of Mining and Technology and a M.S. in Metallurgy from the University of Utah. Mr. Milbourne is a fellow of the Australasian Institute of Mining and Metallurgy and a registered member of SME. Les Kwasik P.Eng, has been appointed Country Manager, Technical, effective immediately. Mr. Kwasik will be based in Romania and will work closely with Mr. Milbourne to manage all local engineering consultants with full assistance to our Country Manager, Permitting, Mr. Sacha Nicolici as we move into the development phase at Rovina. Mr. Kwasik previously worked with INCO Limited Canada (VALE Canada Limited), Xstrata Colombia, BE&K Group, Inter Invest Sp Company, NESMA Company Saudi Arabia, Maple Minerals Corporation Canada and Archipelago Resources Singapore. His tenures have included international postings in Russia, Poland, Indonesia, Colombia and Eritrea in leadership roles ranging from General Manager to COO. Mr. Kwasik is an industrial engineer and a graduate of the Opole University of Technology in Poland. He holds a B.Sc. in Industrial Engineering. Peter Tagliamonte, P.Eng., Director of Carpathian, commented, "We are fortunate to have Joe and Les lead our engineering team in Romania. With over 70 years of cumulative mining engineering experience building and operating mines globally, we are well positioned to deliver a robust and socially responsible mining project for Carpathian shareholders and the people of Romania." Recent Project Visit The new senior management and directors of Carpathian have recently returned from a site visit to the Rovina Valley Project in Romania. The team was not only impressed with the infrastructure and ease of access to the deposits, but also with the openness and support from the local communities. Throughout the years of exploration work and discovery of the three mineral deposits on the property, the local Carpathian team has done an excellent job in engaging the local communities of Brad, Criscior and Bucuresci in a socially sustainable and respectful manner. Management is confident that local support for mining and the Rovina Project will remain strong. Permitting Update In May 2015, a mining license was issued to Carpathian by the National Agency for Mineral Resources (NAMR). By law, the license will need to be ratified by four ministries, namely the Ministry of Economy, Environment, Public Finance and Justice, and published in the government Gazette. Carpathian management is working diligently to have NAMR initiate the ratification process and allow the Company to initiate the full permitting process at Rovina. About Carpathian Carpathian Gold Inc. is a mining company focused on the development of its 100% owned Rovina Valley gold and copper project located in west-central Romania. Rovina is the second largest gold deposit in Europe. Forward-Looking Statements Statements and certain information contained in this press release and any documents incorporated by reference may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to the Corporation's expected production from, and further potential of, the Corporation's properties; the Corporation's ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking statements/information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements/information is based on management's expectations and reasonable assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates are set out herein. Capital and operating cost estimates are based on extensive research of the Corporation, purchase orders placed by the Corporation to date, recent estimates of construction and mining costs and other factors that are set out herein. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carpathian and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Carpathian's shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry. Although Carpathian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein or incorporated by reference are made as of the date of this presentation or as of the date of the documents incorporated by reference, as the case may be, and Carpathian does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained or incorporated by reference in this document is presented for the purpose of assisting shareholders in understanding the financial position, strategic priorities and objectives of the Corporation for the periods referenced and such information may not be appropriate for other purposes. The CSE does not accept responsibility for the adequacy or accuracy of this news release.





Carpathian Gold Inc.
G. Scott Moore
Chief Executive Officer
1-416-861-5903
[email protected]
www.carpathiangold.com




Read more...
Carpathian Gold Inc. Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwired - Jun 13, 2016) - Carpathian Gold Inc. (CSE:CPN) (the "Corporation" or "Carpathian") announces that, pursuant to its stock option plan, the Corporation has granted stock options (the "Options") to certain directors, officers, employees and consultants of the Corporation to acquire up to an aggregate of 80,461,149 common shares in the capital stock of the Corporation. The Options are exercisable at a price of $0.075 per share for a period of five years from the date of grant. About Carpathian Carpathian is an exploration and development company whose primary business is focused on advancing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. Forward-Looking Statements: Statements and certain information contained in this press release and any documents incorporated by reference may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to the Corporation's expected production from, and further potential of, the Corporation's properties; the Corporation's ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking statements/information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements/information is based on management's expectations and reasonable assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates are set out herein. Capital and operating cost estimates are based on extensive research of the Corporation, purchase orders placed by the Corporation to date, recent estimates of construction and mining costs and other factors that are set out herein. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carpathian and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Carpathian's shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry. Although Carpathian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein or incorporated by reference are made as of the date of this presentation or as of the date of the documents incorporated by reference, as the case may be, and Carpathian does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained or incorporated by reference in this document is presented for the purpose of assisting shareholders in understanding the financial position, strategic priorities and objectives of the Corporation for the periods referenced and such information may not be appropriate for other purposes. The CSE does not accept responsibility for the adequacy or accuracy of this news release.





Carpathian Gold Inc.
G. Scott Moore
Chief Executive Officer
1-416-861-5903
[email protected]
www.carpathiangold.com




Read more...
Carpathian Gold Inc. Announces Appointment of New Chief Financial Officer

TORONTO, ONTARIO--(Marketwired - Jun 1, 2016) - Carpathian Gold Inc. (CSE:CPN) (the "Corporation" or "Carpathian") wishes to announce that Paul Bozoki has succeeded Carlos Pinglo as the Corporation's Chief Financial Officer. Mr. Bozoki is a Chartered Accountant with approximately 20 years of accounting, tax and corporate finance experience. Mr. Bozoki has served as Chief Financial Officer of several TSX and TSX Venture-listed companies involved in international mining and technology projects. Mr. Bozoki began his career at Ernst & Young LLP where he spent six years in the mining audit practice. Mr. Bozoki has an MBA from the Richard Ivey School of Business and a Bachelor of Commerce from Queen's. The Corporation would like to thank Mr. Pinglo for his substantial contribution to Carpathian and wishes him well in his future endeavours. About Carpathian Carpathian is an exploration and development company whose primary business is focused on advancing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. Forward-Looking Statements: Statements and certain information contained in this press release and any documents incorporated by reference may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to the Corporation's expected production from, and further potential of, the Corporation's properties; the Corporation's ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking statements/information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements/information is based on management's expectations and reasonable assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates are set out herein. Capital and operating cost estimates are based on extensive research of the Corporation, purchase orders placed by the Corporation to date, recent estimates of construction and mining costs and other factors that are set out herein. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carpathian and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Carpathian's shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry. Although Carpathian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein or incorporated by reference are made as of the date of this presentation or as of the date of the documents incorporated by reference, as the case may be, and Carpathian does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained or incorporated by reference in this document is presented for the purpose of assisting shareholders in understanding the financial position, strategic priorities and objectives of the Corporation for the periods referenced and such information may not be appropriate for other purposes. The CSE does not accept responsibility for the adequacy or accuracy of this news release.





Carpathian Gold Inc.
G. Scott Moore
Chief Executive Officer
1-416-861-5903
[email protected]
www.carpathiangold.com




Read more...
Carpathian Gold Adopts Advance Notice Policy

TORONTO, ONTARIO--(Marketwired - May 24, 2016) - Carpathian Gold Inc. ("Carpathian" or the "Company") (CSE:CPN) announces that its Board of Directors has approved an amendment to the Company's by-laws to include an advance notice policy (the "Policy"), which Policy includes a provision that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Canada Business Corporations Act (the "Act"), or (ii) a shareholder proposal made pursuant to the provisions of the Act. Among other things, the Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form. In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made no later than the close of business on the 10th day following such public announcement. In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made. The Policy is intended to:

facilitate an orderly and efficient annual general or special meeting process;



ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and



allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

The Policy is effective immediately and will be placed before the Company's shareholders for approval at the next annual general meeting. The full text of the Policy is available via SEDAR at www.sedar.com. About Carpathian Gold Carpathian is an exploration and development company whose primary business is focused on advancing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. Cautionary Note Regarding Forward-Looking Statements Statements and certain information contained in this press release and any documents incorporated by reference may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to the Corporation's expected production from, and further potential of, the Corporation's properties; the Corporation's ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking statements/information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements/information is based on management's expectations and reasonable assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates are set out herein. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carpathian and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Carpathian's shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry. Although Carpathian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Carpathian does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The CSE does not accept responsibility for the adequacy or accuracy of this news release.





Carpathian Gold Inc.
G. Scott Moore
Chief Executive Officer
1-416-861-5903
[email protected]
www.carpathiangold.com




Read more...
Carpathian Gold Inc. Closes $10 Million Private Placement and Announces Board and Management Additions

TORONTO, ONTARIO--(Marketwired - May 19, 2016) - Carpathian Gold Inc. (CSE:CPN) (the "Corporation" or "Carpathian") wishes to announce that it has closed the previously announced financing whereby Forbes & Manhattan Inc. ("Forbes & Manhattan"), Sulliden Mining Capital Inc. and Black Iron Inc. have subscribed to a private placement (the "Private Placement") of units (the "Units") at a subscription price of CAD$0.07 per Unit for aggregate gross proceeds of ten million dollars (CAD$10,000,000). Each Unit consists of one (1) common share of the Corporation ("Common Share") and one-half (0.5) of a common share purchase warrant ("Warrant"). Guy Charette, interim CEO stated: "We are pleased with the quick closing of our previously announced financing with Forbes and Manhattan and look forward to our renewed focus on our Rovina Project in Romania". Stan Bharti, Chairman of Forbes and Manhattan stated: "Forbes and its team are excited to get involved with an asset such as Rovina. Much like our previous successes at Sulliden Gold, Avion Gold, Belo Sun Mining and Central Sun Mining, we view Rovina as a tremendous opportunity to bring our technical, social, and capital market expertise to unlock the value in Rovina in the coming months." In conjunction with the closing of the financing Mr. John Hick and Mr. Julio Carvalho have stepped down from the board of directors. The Board would like to thank them for their hard work over the last several years during a difficult time for Carpathian. The board would also like to welcome Mr. Stan Bharti, Mr. Peter Tagliamonte and Mr. Matt Simpson to the board of Carpathian. Additionally the Board of Carpathian would like to announce the appointment of Mr Scott Moore as the new interim CEO of Carpathian. Mr. Moore is a seasoned capital markets executive and current COO of Forbes and Manhattan Inc. Mr. Moore has been involved in numerous turnaround situations over the last decade, specifically in the gold space with Avion gold in Mali and Sulliden Gold in Peru. The board would also like to extend its thanks to Mr. Guy Charette for his guidance through the divestiture of MRDM and the debt resolution with Macquarie. We look forward to Guy's continued input as a member of the board of directors of Carpathian. G. Scott Moore, Incoming CEO stated: "We have been looking to get involved in Rovina for several years as we believe it represents an outstanding opportunity. While there are some challenges to overcome, we are confident on their resolution fully surfacing Rovina's true value." Each whole Warrant will entitle the holder to acquire one (1) Common Share at a price of CAD$0.12 for a period of two (2) years from the date of issuance. However, the Warrant exercise period may be accelerated if after the date that is 4 months and a day following the closing, the Common Shares trade at a price above CAD$0.15 for a period of 20 consecutive trading days. Origin Merchant Partners acted as financial advisor for Carpathian in connection with this transaction. About Carpathian Carpathian is an exploration and development company whose primary business is focused on advancing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. Forward-Looking Statements: Statements and certain information contained in this press release and any documents incorporated by reference may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to the Corporation's expected production from, and further potential of, the Corporation's properties; the Corporation's ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking statements/information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements/information is based on management's expectations and reasonable assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates are set out herein. Capital and operating cost estimates are based on extensive research of the Corporation, purchase orders placed by the Corporation to date, recent estimates of construction and mining costs and other factors that are set out herein. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carpathian and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Carpathian's shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry. Although Carpathian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein or incorporated by reference are made as of the date of this presentation or as of the date of the documents incorporated by reference, as the case may be, and Carpathian does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained or incorporated by reference in this document is presented for the purpose of assisting shareholders in understanding the financial position, strategic priorities and objectives of the Corporation for the periods referenced and such information may not be appropriate for other purposes. The CSE does not accept responsibility for the adequacy or accuracy of this news release.






Carpathian Gold Inc.
G. Scott Moore
Chief Executive Officer
1-416-861-5903
[email protected]
www.carpathiangold.com




Read more...
Carpathian Gold Inc Announces Cornerstone Investment From Forbes and Manhattan

TORONTO, ONTARIO--(Marketwired - May 9, 2016) - Carpathian Gold Inc. (CSE:CPN) (the "Corporation" or "Carpathian") is pleased to announce that it has agreed to a private placement into the Corporation whereby Forbes & Manhattan Resources Inc. ("Forbes") and its associated entities will subscribe to a private placement (the "Private Placement") of units (the "Units") for a minimum amount of ten million dollars (CAD$10,000,000) to advance its Rovina Valley Gold Project in Romania. Rovina is the second largest gold deposit in Europe holding measured and indicated resources of 7.2 million ounces of gold and 1.4 billion lbs of copper. Rovina is only 17km from Eldorado Gold's rapidly developing Certej gold project. The Corporation and its board of directors believe that the Private Placement will provide it with both significant funding for its Rovina Valley Project and that Forbes' involvement with bring significant financial depth as well as the management expertise that will be required going forward. Guy Charette, Carpathian's Interim Chief Executive Officer, stated "We are extremely excited about this opportunity and our future involvement with Forbes and our Rovina Valley project." Scott Moore, Chief Operating Officer of Forbes, added "Forbes has a long track record of identifying and unlocking value in gold projects globally such as Sulliden Gold in Peru, Avion Gold in Mali, and in Brazil, Desert Sun Mining and more recently Belo Sun Mining. We are excited to be involved in a project such as Rovina and look forward to unlocking the value for all Carpathian shareholders. Forbes's in house engineering, geological and metallurgical expertise has decades of experience in multiple countries in Eastern Europe and the Former Soviet Union including Ukraine, Russia and Romania with a deep understanding of the social and political challenges in permitting a mine in these jurisdictions." Each Unit will consist of one (1) common share of the Corporation ("Common Share") and one-half (0.5) of a common share purchase warrant ("Warrant") at a subscription price of CAD$0.07 per Unit. This subscription price represents approximately a 250% premium to the Common Shares' 20 day volume-weighted average price as of the close of trading on Friday, May 6, 2016. Each whole Warrant will entitle the holder to acquire one (1) Common Share at a price of CAD$0.12 for a period of two (2) years from the date of issuance. However, the Warrant exercise period may be accelerated if the Common Shares trade at a price above CAD$0.15 for a period of 20 consecutive trading days. After having given effect to the private placement but prior to giving effect to the exercise of the Warrants, Forbes and its associated entities will own approximately 15.75% of the outstanding Common Shares based on the current outstanding Common Shares of 764,364,355. After giving effect to the exercise of the Warrants, Forbes and its associated entities will own approximately 22% of the outstanding Common Shares. As part of the Private Placement, Forbes will be entitled to appoint that number of additional directors in order to provide it with a majority on the Corporation's board of directors. Closing of the Private Placement, which is anticipated to occur on or about May 18, 2016, is subject to the approval of the Canadian Securities Exchange (the "CSE") and the entering into of a subscription agreement in respect thereof, which will include the agreed terms and conditions and other customary conditions, representations, warranties, covenants, indemnities and other agreements of the parties. Origin Merchant Partners acted as financial advisor to Carpathian with respect to the transaction. About Carpathian Carpathian is an exploration and development company whose primary business is focused on advancing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. Forward-Looking Statements: Statements and certain information contained in this press release and any documents incorporated by reference may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to the Corporation's expected production from, and further potential of, the Corporation's properties; the Corporation's ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking statements/information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements/information is based on management's expectations and reasonable assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates are set out herein. Capital and operating cost estimates are based on extensive research of the Corporation, purchase orders placed by the Corporation to date, recent estimates of construction and mining costs and other factors that are set out herein. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carpathian and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Carpathian's shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry. Although Carpathian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein or incorporated by reference are made as of the date of this presentation or as of the date of the documents incorporated by reference, as the case may be, and Carpathian does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained or incorporated by reference in this document is presented for the purpose of assisting shareholders in understanding the financial position, strategic priorities and objectives of the Corporation for the periods referenced and such information may not be appropriate for other purposes. The CSE does not accept responsibility for the adequacy or accuracy of this news release.





Carpathian Gold Inc.
Guy Charette
Interim Chief Executive Officer
1(416) 368-7744 Ext. 233
[email protected]
www.carpathiangold.com
Forbes and Manhattan
G.Scott Moore
Chief Operating Officer
1(416) 861-5903




Read more...
Carpathian Gold Inc. Completes Restructuring

TORONTO, ONTARIO--(Marketwired - Apr 29, 2016) - Carpathian Gold Inc. (CSE:CPN) (the "Corporation" or "Carpathian") advises that further to the previously announced agreement by Yamana Gold Inc.'s Brio Gold division ("Brio") to purchase from Macquarie Bank Limited ("Macquarie") and the subsequent completion by Brio of such purchase of all Macquarie's rights and interest in its secured loan to the Riacho dos Machados gold project of Mineracao Riacho dos Machados Ltda. ("MRDM") in Minas Gerais, Brazil, Brio has acquired all of the Corporation's interest in MRDM in accordance with the amended and restated restructuring agreement (the "Amended Restructuring Agreement"). On April 29, 2016, the Ontario Superior Court of Justice (Commercial List) issued an order approving, among other things, a credit bid transaction, which was initiated by Brio with the cooperation of the Corporation, and the sale to Brio of all of the Corporation's direct and indirect equity interests in MRDM (the "Restructuring"). Brio has delivered to the Corporation and the directors of the Corporation and certain of its subsidiaries a full release and discharge with respect to any liability under (i) the project loan facility, the gold purchase agreement and the gold sale and purchase agreement and related guarantees previously entered into by Macquarie and the Corporation, MRDM and certain other subsidiaries of Carpathian, and (ii) Macquarie's security in respect of the foregoing agreements previously acquired by Brio from Macquarie, including the Corporation's guarantee thereof. None of the other assets of the Corporation have been affected by the Restructuring, and the Corporation continues to own its Romanian assets. Furthermore, as contemplated by the Amended Restructuring Agreement, Brio has entered into a subscription agreement with the Corporation whereby Brio has agreed to purchase 70,194,444 common shares (the "Shares") in the capital stock of the Corporation at a price of CAD$0.018 per Share for aggregate gross proceeds of US$1,000,000 (CAD$1,263,500) on a private placement basis. The subscription price for the Shares is based on the 20-day volume weighted average price thereof as of the close of business on April 26, 2016. The Corporation applied for and was granted an exemption from the Canadian Securities Exchange's minimum price rule in this regard. Closing of the private placement is expected to take place on May 2, 2016. About Carpathian Carpathian is an exploration and development company whose primary business is focused on advancing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. Forward-Looking Statements: Statements and certain information contained in this press release and any documents incorporated by reference may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to the Corporation's expected production from, and further potential of, the Corporation's properties; the Corporation's ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking statements/information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements/information is based on management's expectations and reasonable assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates are set out herein. Capital and operating cost estimates are based on extensive research of the Corporation, purchase orders placed by the Corporation to date, recent estimates of construction and mining costs and other factors that are set out herein. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carpathian and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Carpathian's shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry. Although Carpathian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein or incorporated by reference are made as of the date of this presentation or as of the date of the documents incorporated by reference, as the case may be, and Carpathian does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained or incorporated by reference in this document is presented for the purpose of assisting shareholders in understanding the financial position, strategic priorities and objectives of the Corporation for the periods referenced and such information may not be appropriate for other purposes. The CSE does not accept responsibility for the adequacy or accuracy of this news release.





Carpathian Gold Inc.
Guy Charette
Interim Chief Executive Officer
1(416) 368-7744 Ext. 233
1(416) 363-3883
[email protected]
www.carpathiangold.com




Read more...

Ratios

vs
industry
vs
history
PE Ratio 38.55
CPN's PE Ratio is ranked lower than
86% of the 103 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.12 vs. CPN: 38.55 )
Ranked among companies with meaningful PE Ratio only.
CPN' s PE Ratio Range Over the Past 10 Years
Min: 2.11  Med: 43.73 Max: 657
Current: 38.55
2.11
657
Forward PE Ratio 18.83
CPN's Forward PE Ratio is ranked higher than
61% of the 59 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 24.39 vs. CPN: 18.83 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 38.55
CPN's PE Ratio without NRI is ranked lower than
85% of the 103 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.00 vs. CPN: 38.55 )
Ranked among companies with meaningful PE Ratio without NRI only.
CPN' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.11  Med: 41.59 Max: 511.5
Current: 38.55
2.11
511.5
Price-to-Owner-Earnings 7.08
CPN's Price-to-Owner-Earnings is ranked higher than
72% of the 47 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.64 vs. CPN: 7.08 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
CPN' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.51  Med: 12.94 Max: 149.27
Current: 7.08
2.51
149.27
PB Ratio 1.11
CPN's PB Ratio is ranked higher than
61% of the 150 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.42 vs. CPN: 1.11 )
Ranked among companies with meaningful PB Ratio only.
CPN' s PB Ratio Range Over the Past 10 Years
Min: 0.47  Med: 1.75 Max: 2.97
Current: 1.11
0.47
2.97
PS Ratio 0.54
CPN's PS Ratio is ranked higher than
88% of the 144 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 2.20 vs. CPN: 0.54 )
Ranked among companies with meaningful PS Ratio only.
CPN' s PS Ratio Range Over the Past 10 Years
Min: 0.25  Med: 1.05 Max: 1.85
Current: 0.54
0.25
1.85
Price-to-Free-Cash-Flow 6.60
CPN's Price-to-Free-Cash-Flow is ranked higher than
67% of the 64 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 9.55 vs. CPN: 6.60 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
CPN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 3.44  Med: 14.3 Max: 832.08
Current: 6.6
3.44
832.08
Price-to-Operating-Cash-Flow 3.48
CPN's Price-to-Operating-Cash-Flow is ranked higher than
77% of the 88 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 6.61 vs. CPN: 3.48 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CPN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.88  Med: 9.42 Max: 68.86
Current: 3.48
2.88
68.86
EV-to-EBIT 19.97
CPN's EV-to-EBIT is ranked lower than
61% of the 191 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 15.65 vs. CPN: 19.97 )
Ranked among companies with meaningful EV-to-EBIT only.
CPN' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.4  Med: 19.2 Max: 129.9
Current: 19.97
3.4
129.9
EV-to-EBITDA 9.30
CPN's EV-to-EBITDA is ranked higher than
59% of the 196 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 11.17 vs. CPN: 9.30 )
Ranked among companies with meaningful EV-to-EBITDA only.
CPN' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3  Med: 10.4 Max: 23.6
Current: 9.3
3
23.6
PEG Ratio 2.59
CPN's PEG Ratio is ranked lower than
77% of the 48 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.19 vs. CPN: 2.59 )
Ranked among companies with meaningful PEG Ratio only.
CPN' s PEG Ratio Range Over the Past 10 Years
Min: 0.37  Med: 3.03 Max: 983.65
Current: 2.59
0.37
983.65
Shiller PE Ratio 9.64
CPN's Shiller PE Ratio is ranked higher than
81% of the 26 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 19.93 vs. CPN: 9.64 )
Ranked among companies with meaningful Shiller PE Ratio only.
CPN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.64  Med: 14.95 Max: 26.86
Current: 9.64
9.64
26.86
Current Ratio 1.20
CPN's Current Ratio is ranked lower than
56% of the 142 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.27 vs. CPN: 1.20 )
Ranked among companies with meaningful Current Ratio only.
CPN' s Current Ratio Range Over the Past 10 Years
Min: 0.52  Med: 1.34 Max: 2.15
Current: 1.2
0.52
2.15
Quick Ratio 1.04
CPN's Quick Ratio is ranked lower than
56% of the 142 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.11 vs. CPN: 1.04 )
Ranked among companies with meaningful Quick Ratio only.
CPN' s Quick Ratio Range Over the Past 10 Years
Min: 0.49  Med: 1.26 Max: 2.14
Current: 1.04
0.49
2.14
Days Inventory 41.11
CPN's Days Inventory is ranked lower than
63% of the 112 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 29.60 vs. CPN: 41.11 )
Ranked among companies with meaningful Days Inventory only.
CPN' s Days Inventory Range Over the Past 10 Years
Min: 6.94  Med: 24.18 Max: 41.11
Current: 41.11
6.94
41.11
Days Sales Outstanding 45.60
CPN's Days Sales Outstanding is ranked higher than
62% of the 123 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 51.15 vs. CPN: 45.60 )
Ranked among companies with meaningful Days Sales Outstanding only.
CPN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.12  Med: 34.21 Max: 50.56
Current: 45.6
29.12
50.56
Days Payable 47.43
CPN's Days Payable is ranked lower than
70% of the 94 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 64.60 vs. CPN: 47.43 )
Ranked among companies with meaningful Days Payable only.
CPN' s Days Payable Range Over the Past 10 Years
Min: 28.77  Med: 37.58 Max: 47.43
Current: 47.43
28.77
47.43

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio 5.80
CPN's 3-Year Average Share Buyback Ratio is ranked higher than
96% of the 75 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: -4.60 vs. CPN: 5.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CPN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -46.2  Med: -3.9 Max: 7.9
Current: 5.8
-46.2
7.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.10
CPN's Price-to-Tangible-Book is ranked higher than
67% of the 138 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.75 vs. CPN: 1.10 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CPN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.73  Med: 1.66 Max: 2.5
Current: 1.1
0.73
2.5
Price-to-Intrinsic-Value-Projected-FCF 0.73
CPN's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
71% of the 38 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.18 vs. CPN: 0.73 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
CPN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.73  Med: 1.51 Max: 1.8
Current: 0.73
0.73
1.8
Price-to-Median-PS-Value 0.50
CPN's Price-to-Median-PS-Value is ranked higher than
84% of the 116 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.97 vs. CPN: 0.50 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CPN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.34  Med: 0.94 Max: 1.48
Current: 0.5
0.34
1.48
Price-to-Peter-Lynch-Fair-Value 2.82
CPN's Price-to-Peter-Lynch-Fair-Value is ranked lower than
100% of the 23 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.57 vs. CPN: 2.82 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
CPN' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.73  Med: 2.06 Max: 5.43
Current: 2.82
0.73
5.43
Price-to-Graham-Number 1.37
CPN's Price-to-Graham-Number is ranked lower than
67% of the 82 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.12 vs. CPN: 1.37 )
Ranked among companies with meaningful Price-to-Graham-Number only.
CPN' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.03  Med: 1.54 Max: 8.3
Current: 1.37
1.03
8.3
Earnings Yield (Greenblatt) % 5.00
CPN's Earnings Yield (Greenblatt) % is ranked lower than
53% of the 215 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 5.62 vs. CPN: 5.00 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CPN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.8  Med: 5.2 Max: 29.8
Current: 5
0.8
29.8
Forward Rate of Return (Yacktman) % 19.92
CPN's Forward Rate of Return (Yacktman) % is ranked higher than
75% of the 64 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 6.96 vs. CPN: 19.92 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
CPN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -35.1  Med: 3.2 Max: 28.3
Current: 19.92
-35.1
28.3

More Statistics

Revenue (TTM) (Mil) $6,716
EPS (TTM) $ 0.26
Beta1.22
Short Percentage of Float10.09%
52-Week Range $9.89 - 16.07
Shares Outstanding (Mil)361.01

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 5,706 5,905 5,854
EPS ($) 1.77 2.09 0.82
EPS without NRI ($) 1.77 2.09 0.82
EPS Growth Rate
(Future 3Y To 5Y Estimate)
46.74%
Dividends per Share ($)
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