RUBICON MINERALS CORPORATION
Management’s Discussion & Analysis
Second Quarter Ended June 30, 2010
Suite 1540 – 800 West Pender Street, Vancouver BC V6C 2V6
Tel: 604.623.3333 Toll free: 1.866.365.4706 Fax: 604.623.3355 E-mail: firstname.lastname@example.org
This Management Discussion and Analysis (“MD&A”) dated August 5, 2010 includes financial information from,
and should be read in conjunction with, the interim consolidated financial statements for the three and six months
ended June 30, 2010. It is further assumed that the reader has access to the audited consolidated financial
statements for the year ended December 31, 2009. Please refer to the cautionary notices at the end of this
MD&A, especially in regard to forward looking statements. Rubicon Minerals Corporation (the “Company”)
reports its financial position, results of operations and cash flows in accordance with Canadian generally accepted
accounting principles (“GAAP”) in Canadian dollars.
Rubicon is a Canadian based mineral exploration-stage company that explores for commercially viable gold and
base metal deposits. In addition, the Company selectively invests in other mineral exploration and resource
companies which the Company deems to be of merit.
The Company’s key asset is the Phoenix Gold Project located in the Red Lake gold camp, in the Province of
Ontario. In addition, the Company has acquired significant land packages in Alaska, USA and Nevada,
USA. The Company does not have any assets or mineral properties that are in production or that contain a
reserve as defined by National Instrument 43-101 (“NI-43-101”).
The Company is a reporting issuer in all the provinces of Canada as well as with the SEC in the United
States. The Company’s common shares trade on the TSX in Canada under the symbol ‘RMX’ and on the
NYSE Amex Equities Exchange in t