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Abacus Mining & Exploration Corporation (V:AME)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1000, 1050 West Pender Street
VANCOUVER BC V6E 3S7
Tel: N/A
Website: https://www.amemining.com
IR: See website
Key People
Michael D. McInnis
Executive Chairman of the Board
Paul Anderson
President, Chief Operating Officer, Director
Ian M. MacNeily
Chief Financial Officer, Executive Vice President, Secretary
Business Overview
Abacus Mining and Exploration Corp (Abacus) is a Canada-based exploration-stage company. The Company is engaged in the acquisition, exploration and development of mineral properties in Canada. The Company operates through the mineral resource industry segment. The Company holds interest in KGHM Ajax Mining Inc. (KGHM Ajax), which is focused on the exploration and development of the Ajax copper-gold project located near Kamloops, British Columbia (the Ajax Project). The Ajax Project is a proposed copper-gold open-pit mine in the submission stage of a provincial and federal environmental assessment process. The Ajax project site is located at the southern extremity of the boundaries of the City of Kamloops and southeast along an existing haul road from the Afton mill.
Financial Overview
For the fiscal year ended 31 December 2019, Abacus Mining and Exploration Corp revenues was not reported. Net loss decreased 22% to C$2.7M. Lower net loss reflects Exploration and evaluation expenditures decrease of 86% to C$99K (expense), Accounting and Audit decrease of 68% to C$33K (expense), Consulting and directors' fees decrease from C$45K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $22.05M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$0.70M as of Mar 31, 2020
Net annual income (TTM): -$2.72M as of Mar 31, 2020
Free cash flow (TTM): -$0.50M as of Mar 31, 2020
Net Debt Last Fiscal Year: $17.03M as of Mar 31, 2020
Shares outstanding: 62,702,443 as of Mar 16, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization