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 junior mining company. It specializes in exploration of coal, hydrocarbons and gold mining sites located in Colombia. Its Mico gold 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 the south-southwest of the town of Cali, in the southwestern part of Colombia, the 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. It also has a land package totaling 1,500 square kilometers located in the Austrian Pegmatite Belt. Its land package includes the Frederick Property. |
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: | $8.04M 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 |