Almonty Industries Inc. (T:AII)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 100 King Street West, Suite 5700 TORONTO ON M5X 1C7 |
| Tel: | N/A |
| Website: | https://almonty.com |
| 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 engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe's properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Almonty Industries Inc revenues decreased 9% to C$22.5M. Net loss decreased 39% to C$8.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Foreign exchange (gain) loss increase from C$2.9M (expense) to C$489K (income), Non-cash compensation costs decrease of 70% to C$1.1M (expense). |
| Employees: | 408 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $256.81M as of Dec 31, 2023 |
| Annual revenue (TTM): | $22.51M as of Dec 31, 2023 |
| EBITDA (TTM): | -$4.48M as of Dec 31, 2023 |
| Net annual income (TTM): | -$8.84M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$29.19M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $108.05M as of Dec 31, 2023 |
| Shares outstanding: | 252,362,098 as of Apr 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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