Adventus Mining Corporation (V:ADZN)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 220 Bay Street, Suite 550 TORONTO ON M5J 2W4 |
| Tel: | N/A |
| Website: | https://www.adventusmining.com |
| IR: | See website |
| Key People | ||
| Christian Peter Thomas Kargl-Simard President, Chief Executive Officer, Director | Frances Kwong Chief Financial Officer, Vice President - Finance, Corporate Secretary | Skott Mealer Vice President, General Manager - Curimining |
| Olivia Gamache Vice President - Environmental Management & Community Development | Sam Leung Vice President - Corporate Development | Dustin Small Vice President - Projects | Alvaro Duenas Country Manager of Ecuador |
| Business Overview |
| Adventus Mining Corporation is a copper-gold exploration and development company. Its Curipamba project comprises seven concessions representing over 21,500 hectares (ha) and includes the advanced high-grade copper-gold El Domo deposit. Its Pijili project is located in an established mining area in southwestern Ecuador in the province of Azuay, over 150 kilometers (km) from the major port city of Guayaquil. Pijili consists of three concessions, which total 3,246 ha. Its Santiago project is located in south-central Ecuador in the province of Loja, over 37 km north of the city of Loja. Its Irish projects hold about 40 exploration prospecting licenses in the Republic of Ireland, comprising three separate blocks across the principal prospective areas of the North Midlands and Southwest Ireland. Its Irish projects include Rathkeale project, Kingscourt project and Fermoy project. It also owns the Condor gold project and a large exploration project portfolio that spans over 135,000 hectares. |
| Financial Overview |
| For the nine months ended 30 September 2023, Adventus Mining Corp revenues was not reported. Net loss increased 72% to $4.4M. Higher net loss reflects Fair value gain on derivative liabilitie decrease of 96% to $53K (income), Finance costs - Balancing value increase from $148K to $650K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.02. |
| Employees: | 305 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $136.79M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$7.17M as of Sep 30, 2023 |
| Net annual income (TTM): | -$9.61M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$23.09M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $6.10M as of Sep 30, 2023 |
| Shares outstanding: | 382,166,895 as of Mar 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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