Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Abitibi Metals Corp. (C:AMQ)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1231 Huron Street
LONDON ON N5Y 4L1
Tel: N/A
Website: https://www.goldseekresources.com
IR: See website
Key People
N/A    
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