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Azucar Minerals Ltd. (V:AMZ)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 1333 Johnston Street, Suite 210
Tel: N/A
IR: See website
Key People
Duane Poliquin
Chairman of the Board
Morgan J. Poliquin
President, Chief Executive Officer, Director
Korm Trieu
Chief Financial Officer
Douglas John McDonald
Vice President - Corporate Development, Director
Business Overview
Azucar Minerals Ltd, formerly Almadex Minerals Ltd, is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties in Canada, the United States and Mexico. The Company is an exploration stage company. The Company operates in one reportable operating segment, being the acquisition and exploration of mineral properties. It wholly owns the Tuligtic project in Puebla State, Mexico. The Tuligtic project covers the Ixtaca Gold-Silver Deposit, which is a precious metals deposit. The Ixtaca Deposit hosts a reserve of approximately one million ounces of Gold and approximately 78 million ounces of Silver. The Company has a subsidiary in the United States, namely Almadex Americas Inc.
Financial Overview
For the three months ended 31 March 2021, AzucarMinerals Ltd revenues decreased 88% to C$3K. Net lossdecreased 24% to C$232K. Revenues reflect a decrease indemand for the Company's products and services due tounfavorable market conditions. Lower net loss reflectsForeign exchange gain (loss) increase from C$27K (expense)to C$6K (income), Travel and promotion decrease of 53% toC$11K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.96M as of Mar 31, 2021
Annual revenue (TTM): $0.03M as of Mar 31, 2021
EBITDA (TTM): -$1.25M as of Mar 31, 2021
Net annual income (TTM): -$1.28M as of Mar 31, 2021
Free cash flow (TTM): -$2.63M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 73,829,025 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization