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Almonty Industries Inc. (T:AII)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 100 King Street West, Suite 5700
Tel: N/A
IR: See website
Key People
Lewis Black
Chairman of the Board, President, Chief Executive Officer
Mark N. Gelmon
Chief Financial Officer
Business Overview
Almonty Industries Inc. is a Canada-based company, which is primarily engaged in mining, processing and shipping of tungsten concentrate. The Company operates through five segments: The Los Santos Mine is located in Spain whose operations includes exploration and mining of tungsten, which it sells as tungsten concentrate; The Panasqueira Mine is located in Covilha Castelo Branco, Portugal whose operations includes exploration and mining of tungsten, which it sells as tungsten concentrate, as well as the production of copper and tin concentrate by-products that are sold as concentrate; The Valtreixal Project located in Spain whose operations incudes exploration and evaluation activities of the Valtreixal tin/tungsten project; Woulfe, whose properties are located in Gangwon Province, Republic of Korea, and whose operations includes exploration, evaluation and development of the Sangdong Project and Wolfram Camp Mine, located in Queensland, Australia.
Financial Overview
For the six months ended 30 June 2022, Almonty Industries Inc revenues increased 41% to C$13.3M. Net loss decreased 31% to C$4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and administrative decrease of 9% to C$2.8M (expense), Gain/Loss on Derivatives - Hedging increase from C$151K (expense) to C$105K (income).
Employees: 263 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $205.23M as of Jun 30, 2022
Annual revenue (TTM): $24.68M as of Jun 30, 2022
EBITDA (TTM): -$4.04M as of Jun 30, 2022
Net annual income (TTM): -$6.00M as of Jun 30, 2022
Free cash flow (TTM): -$16.53M as of Jun 30, 2022
Net Debt Last Fiscal Year: $65.92M as of Jun 30, 2022
Shares outstanding: 215,980,494 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization