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American Copper Development Corporation (C:ACDX)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 2710-200 Granville Street
Tel: N/A
IR: See website
Key People
Rick Van Nieuwenhuyse
Chairman of the Board
Daniel Schieber
President, Chief Executive Officer, Director
Blaine Y. Bailey
Chief Financial Officer, Corporate Secretary, Director
Business Overview
American Copper Development Corporation is a Canada-based company, which is engaged in the business of mineral exploration and the acquisition of mineral property assets. The Company is involved in the process of acquiring and exploring exploration and evaluation assets. The Company is focused on its Lordsburg Project, which is located in Lordsburg, New Mexico. The project covers approximately 18,700 acres of land, including 100 patented claims totaling 1900 acres. The Company also operates Chuchi South Copper-Gold property, which is an early-stage copper-gold porphyry deposit that consists of approximately 13 mineral tenures covering approximately 31.2 square kilometers (km2). The project is located approximately five kilometers (km) south of the Chuchi Lake Copper-Gold deposit and approximately 32 km northwest of Centerra Gold's Mt. Milligan copper-gold mine.
Financial Overview
For the nine months ended 30 September 2023, American Copper Development Corp revenues was not reported. Net loss decreased 43% to C$819K. Lower net loss reflects Share-based payments decrease from C$615K (expense) to C$0K, Property investigation decrease from C$429K (expense) to C$0K, Professional fees decrease of 43% to C$119K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.06 to -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$1.21M as of Sep 30, 2023
Net annual income (TTM): -$1.07M as of Sep 30, 2023
Free cash flow (TTM): -$6.38M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 91,087,431 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization