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Aurion Resources Ltd. (V:AU)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 120 Torbay Road, Suite W220
Tel: N/A
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 three months ended 31 March 2024, Aurion Resources Ltd revenues was not reported. Net loss increased 87% to C$1.5M. Higher net loss reflects Unrealized gain (loss) on marketable sec decrease from C$265K (income) to C$67K (expense), Share of losses related to associate increase from C$13K to C$239K (expense), Share-based payments increase of 23% to C$687K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $75.23M as of Mar 31, 2024
Annual revenue (TTM): $0.00M as of Mar 31, 2024
EBITDA (TTM): -$4.17M as of Mar 31, 2024
Net annual income (TTM): -$6.71M as of Mar 31, 2024
Free cash flow (TTM): -$6.26M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 132,459,318 as of Mar 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization