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Aurion Resources Ltd. (V:AU)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 120 Torbay Road, Suite W240
ST. JOHNS NL A1A 2G8
Tel: N/A
Website: https://www.aurionresources.com
IR: See website
Key People
Matti Talikka
Chief Executive Officer, Director
Mark Serdan
Chief Financial Officer
 
Business Overview
Aurion Resources Ltd. is an exploration company. The Company is focused on exploring its fully owned Risti and Launi projects, as well as advancing joint venture (JV) properties in northern Finland. The Risti Project covers approximately 16197 hectares (ha) in the Central Lapland Greenstone Belt (CLGB) in northern Finland. The Risti Project is located about 10 kilometers (km) NNW of Sodankyla, Finland. Its Launi Property consists of two blocks, Launi East and Launi West with a combined area of approximately 144 square kilometers. It has interest in an approximately 268 square kilometers project area that includes the Kutuvuoma and Ahvenjarvi prospects. The Kutuvuoma prospect is a gold deposit. Its area is located along and adjacent to the major crustal scale Sirkka Shear Zone. The JV area includes discoveries, such Sinerma and Kutuvuoma East and various gold prospects, such as Kutuvuoma, Ahvenjarvi, Kettukuusikko, Hirvilavanmaa, Palovaara, Soretialehto and Soretiavuoma Tuongankuusikko.
Financial Overview
For the nine months ended 30 September 2022, Aurion Resources Ltd revenues was not reported. Net loss applicable to common stockholders increased 8% to C$4.3M. Higher net loss reflects Share of losses related to associate increase from C$278K to C$723K (expense), Share-based payments increase of 26% to C$1.2M (expense), Consultant increase from C$28K to C$257K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $50.14M as of Sep 30, 2022
Annual revenue (TTM): $0.00M as of Sep 30, 2022
EBITDA (TTM): -$5.24M as of Sep 30, 2022
Net annual income (TTM): -$7.68M as of Sep 30, 2022
Free cash flow (TTM): -$8.19M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 117,854,678 as of Sep 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization