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AM Resources Corp. (V:AMR)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 410 Rue St-Nicolas, suite 236
MONTREAL QC H2Y 2P5
Tel: N/A
Website: https://www.am-resources.com
IR: See website
Key People
Dominic Voyer
President, Chief Executive Officer, Director
Arnab De
Chief Financial Officer
 
Business Overview
AM Resources Corporation is a Canada-based mining exploration company. The Company is specialized in exploration of coal, hydrocarbons and gold mining sites located in Colombia. The Company's Mico gold property is located within the Serrania San Lucas. The property consists of one concession covering approximately 10.4 hectares and is accessible from the village of Barranco de Loba. The Mina Luz property is located southwest of the town of Popayan in the department of Cauca, approximately 150 kilometers (km) to south-southwest of the town of Cali, in the southwestern part of Colombia, municipality of Patia. The property consists of mining concession No DJU-071 covering 40 hectares. The Esperanza asphaltite property covers approximately 298 hectares. The property lies 70 km north-northwest of the city of Bucaramanga. The Rio Negro asphaltite property is located 50 km north-northwest of the city of Bucaramanga.
Financial Overview
For the nine months ended 30 September 2023, AM Resources Corp revenues decreased from C$18K to C$0K. Net loss applicable to common stockholders decreased 27% to C$461K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Other operational expenses decrease of 61% to C$115K (expense), Depreciation decrease of 14% to C$11K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.54M as of Sep 30, 2023
Annual revenue (TTM): $-0.02M as of Sep 30, 2023
EBITDA (TTM): -$1.59M as of Sep 30, 2023
Net annual income (TTM): -$1.41M as of Sep 30, 2023
Free cash flow (TTM): -$0.16M as of Sep 30, 2023
Net Debt Last Fiscal Year: $0.23M as of Sep 30, 2023
Shares outstanding: 157,129,072 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization