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Abitibi Metals Corp. (C:AMQ)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 1231 Huron Street
Tel: N/A
IR: See website
Key People
Business Overview
Abitibi Metals Corp., formerly Goldseek Resources Inc., is an exploration company. The Company is engaged in the acquisition, exploration and development of mineral property interests. Its projects include Bonanza Property, Horizon Property, Quevillon West Property, Southern Arm Property, Val D'Or North Property, and Beschefer Property. Bonanza Property consists of 92 claims totaling approximately 5,212 hectares. It is located near the Municipality of Senneterre, in the Province of Quebec. Horizon Property consists of 171 claims totaling over 2,421 hectares. It is located roughly 40 kilometers (km) east of Marathon, Ontario and 55 km west of White River, Ontario, situated in the Wabikoba Lake area of Ontario. Quevillon West Property is located near the Municipality of Lebel-Sur Quevillon, in the Province of Quebec. Southern Arm is located in Abitibi Greenstone Belt, Quebec. The Beschefer Project covers approximately 962 acres and is located in the Northern Abitibi Greenstone Belt.
Financial Overview
For the three months ended 30 September 2023, Abitibi Metals Corp revenues was not reported. Net loss increased from C$40K to C$121K. Higher net loss reflects Professional fees increase of 44% to C$16K (expense), General and administrative increase of 52% to C$9K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $54.55M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$0.25M as of Sep 30, 2023
Net annual income (TTM): -$0.55M as of Sep 30, 2023
Free cash flow (TTM): -$0.23M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 99,223,960 as of Feb 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization