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Altamira Gold Corp. (V:ALTA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: SUITE 1500 - 409 GRANVILLE STREET
Tel: N/A
IR: See website
Key People
Alan Carter
Executive Chairman of the Board
Michael Bennett
President, Chief Executive Officer, Director
Soraia Morais
Chief Financial Officer, Company Secretary
Business Overview
Altamira Gold Corp. is a Canada-based company focused on the exploration and development of gold projects in central Brazil. The Company holds six projects comprising approximately 190,000 hectares (ha), within the Juruena gold belt. Its Cajueiro Project comprises a large land package (28,557 ha) and is located in the Alta Floresta Gold Belt, a Proterozoic calc-alkaline volcanic arc, which includes medium to high-grade metamorphic crustal segments. Its Santa Helena project is located approximately 60 kilometers (km) southwest of Anglo American's porphyry copper discovery at Jaca. Its Apiacas project comprises a package of properties covering seven main target areas which constitute the Apiacas district. The Apiacas project is located about 50 km west of Cajueiro project within the Alta Floresta Belt, an 82,000 ha land package. Its other projects include Colider, Nova Canaa and Porta Aberta. The Porta Aberta project is located approximately 13 km south-southwest of the Cajueiro project.
Financial Overview
For the nine months ended 30 November 2023, Altamira Gold Corp revenues was not reported. Net loss decreased 43% to C$727K. Lower net loss reflects Share-based payments decrease from C$664K (expense) to C$0K, Interest expense decrease of 53% to C$6K (expense), Foreign exchange gain (loss) decrease of 29% to C$14K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $31.51M as of Nov 30, 2023
Annual revenue (TTM): $0.00M as of Nov 30, 2023
EBITDA (TTM): -$1.07M as of Nov 30, 2023
Net annual income (TTM): -$1.24M as of Nov 30, 2023
Free cash flow (TTM): -$2.56M as of Nov 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 211,977,286 as of Feb 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization