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Silver Mountain Resources Inc. (V:AGMR)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 82 Richmond Street East
Toronto ON M5C 1P1
Tel: N/A
IR: See website
Key People
Business Overview
Silver Mountain Resources Inc. is a silver explorer and mine developer company. The Company is engaged in re-starting the production at the Reliquias underground mine and undertake exploration activities at its highly prospective silver camps at the Castrovirreyna Project (the Project) located in Huancavelica, Peru. The Company, through its subsidiary Sociedad Minera Reliquias S.A.C (AGMR Peru) owns a 2,000 tons per day (tpd) processing plant, an operating tailings dam, and over 41,000 hectares (ha) of mining concessions. The Company targets the acquisition of mining concessions for exploration, exploitation, extraction, and processing of various types of minerals with a special focus on precious metals. The Reliquias Block consists of over 20,000 hectares of highly prospective mineral concessions surrounding the Reliquias and Caudalosa mine. The Reliquias underground mine is located 10 km southwest (SW) from the existing processing plant.
Financial Overview
For the nine months ended 30 September 2023, Silver Mountain Resources Inc revenues was not reported. Net loss decreased 59% to $1.7M. Lower net loss reflects Foreign exchange loss decrease of 99% to $8K (expense), Labor & Related Expenses in SGA decrease of 50% to $907K (expense), Accretion on trafigura loan payable decrease from $519K (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from -$0.02 to -$0.01.
Reporting Currency: U.S. Dollars
Enterprise value: $9.11M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$5.08M as of Sep 30, 2023
Net annual income (TTM): -$2.64M as of Sep 30, 2023
Free cash flow (TTM): -$19.13M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 279,659,860 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization