Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Auxico Resources Canada Inc. (C:AUAG)

Business Focus: Non-Gold Precious Metals & Minerals (NEC)

Sector:  Basic Materials Industry:  Non-Gold Precious Metals & Minerals
 
Company Contact
Address: 201 Notre Dame West, Suite 500
MONTREAL QC H2Y 1T4
Tel: N/A
Website: https://www.auxicoresources.com
IR: See website
Key People
Mark Billings
Executive Chairman of the Board
Frederick Kozak
President, Chief Executive Officer, Director
Jacques Arsenault
Chief Financial Officer
Michel Lebeuf
Corporate Secretary
   
Business Overview
Auxico Resources Canada Inc. is a mineral exploration company with silver-gold properties in the state of Sinaloa, Mexico. The Company is engaged in exploration mining opportunities in Colombia, the Democratic Republic of the Congo (DRC), Brazil and Bolivia. It holds a 100% interest in the Zamora Property (Mexico), which is host to over 15 historical mines and workings, stretching along a six kilometers northeast-southwest trending structure southeast of the city of Culiacan. Its Massangana tin tailings project has an estimated 30,000,000 tons of tailings averaging 2.83% total rare earth oxide content. It has acquired the surface rights to 1,482 hectares of land between two adjoining properties: Agualinda and the Mynastic property. It holds mineral and surface rights to the Minastyc Property located in the municipality of Puerto Carreno. Its subsidiaries include Auxico Resources S.A. de C.V., C.I. Auxico de Colombia S.A, Sociedad Minera Auxico S.A.S and Minera Auxico Bolivia S.A.
Financial Overview
For the nine months ended 30 June 2023, Auxico Resources Canada Inc revenues increased from C$82K to C$264K. Net income decreased 60% to C$14.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by FV/Uls Adjust on Derivatives for Hedgin decrease of 58% to C$19.4M (income), Accreted interest increase from C$460K to C$1.5M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $43.19M as of Jun 30, 2023
Annual revenue (TTM): $0.63M as of Jun 30, 2023
EBITDA (TTM): -$5.40M as of Jun 30, 2023
Net annual income (TTM): $46.44M as of Jun 30, 2023
Free cash flow (TTM): -$4.38M as of Jun 30, 2023
Net Debt Last Fiscal Year: $6.26M as of Jun 30, 2023
Shares outstanding: 102,165,191 as of Dec 27, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization