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AM Resources Corp. (V:AMR)

Business Focus: Integrated Mining

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Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 410 Saint-Nicolas St 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
Martin Nicoletti
Chief Financial Officer, Secretary
Adriana Rios Garcia
Chief Operating Officer, Director
Business Overview
AM Resources Corp is a Canada-based mining exploration company with exploration activities conducted in Quebeck. The Company is focused on exploration and development of its properties: Mina Luz Property, Mico and Rio Negro. Mina Luz Property is a Coal exploration property, which is located to the south-west of the town of Popayan in the department of Cauca, approximately 150 kilometers south-west of the town of Cali in Colombia. It consists of a mining concession covering more than 40 hectares. The Rio Negro is asphaltite property and it covers approximately 97.5 hectares. It is located approximately 50 kilometers of the Colombian city of Bucaramanga, in the northern portion of the department of Santander, within the municipality of Rio Negro. The Mico gold property consists of one concession covering an area of 10.4 hectares and situated in the department of Bolivar, Colombia, some 470 kilometers to the north of Bogota.
Financial Overview
For the fiscal year ended 31 December 2018, AM Resources Corp revenues increased 41% to C$2.3M. Net loss increased from C$316K to C$3.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Other operating expenses increase from C$23K to C$386K (expense), Salaries and other employee benefits increase of 14% to C$172K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $4.91M as of Dec 31, 2018
Annual revenue (TTM): $2.34M as of Dec 31, 2018
EBITDA (TTM): -$3.67M as of Dec 31, 2018
Net annual income (TTM): -$3.71M as of Dec 31, 2018
Free cash flow (TTM): -$2.30M as of Dec 31, 2018
Net Debt Last Fiscal Year: $0.08M as of Dec 31, 2018
Shares outstanding: 56,899,642 as of May 22, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization