Aurion Resources Ltd. (V:AU)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 120 Torbay Road, Suite W220 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 Flagship Risti and Launi projects, as well as advancing joint venture (JV) arrangements with Kinross Gold Corp., B2 Gold Corp., and Strategic Resources Inc. in Finland. The Risti Project covers approximately 16,197 hectares (ha) in the Central Lapland Greenstone Belt (CLGB). Risti Project is located kilometers (km) NNW of Sodankyla, Finland, which is a 40-minute drive along paved and all-weather gravel roads through rolling hills and forests. 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. Its 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 2023, Aurion Resources Ltd revenues was not reported. Net loss increased 57% to C$6.8M. Higher net loss reflects Unrealized loss on marketable securities increase from C$485K to C$1.2M (expense), Gain on property transactions decrease from C$327K (income) to C$0K, Share-based payments increase of 17% to C$1.4M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.04 to -C$0.05. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $78.31M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$6.61M as of Sep 30, 2023 |
| Net annual income (TTM): | -$7.17M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$9.71M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 132,459,318 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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