Chibougamau Independent Mines Inc. (V:CBG)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 86 14e St ROUYN-NORANDA QC J9X 2J1 |
| Tel: | N/A |
| Website: | www.chibougamaumines.com |
| IR: | See website |
| Key People | ||
| Jack Stoch President, Chief Executive Officer, Director | Marie-Josee Audet Chief Financial Officer | Andrew Newbury Company Secretary |
| Business Overview |
| Chibougamau Independent Mines Inc. is a Canada-based natural resources exploration company. The Company holds property in the Chibougamau Mining Camp, Northwestern Quebec. It is focused on developing mines in the Chibougamau gold-copper mining camp. The Chibougamau mining properties consist of distinct project sites located within the Abitibi in the Chibougamau Mining District and encompass portions of Lemoine, McKenzie, Obalski, Roy, Barlow, McCorkill and Scott Townships (NTS 32G/16). The aggregate of registered units (claims/cells) held wholly by the Company totaled 259 units and 11,131 hectares with individual projects, including Berrigan Mine, Berrigan South, Lac Antoinette, Lac Elaine, Virginia Option, Kokko Creek, Quebec Chibougamau GoldFields, Copper Cliff Ext., Bateman Bay, Grandroy, Mont Sorcier, Buckell Lake, Lac Chibougamau, Baie Malouf, Nepton, Lac Simon and Lac David Sud. The majority of the properties are located 15 kilometers east-southeast from the town of Chibougamau. |
| Financial Overview |
| For the nine months ended 30 September 2023, Chibougamau Independent Mines Inc revenues increased from C$30K to C$680K. Net income totaled C$212K vs. loss of C$340K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Exploration and evaluation expenditures decrease of 40% to C$149K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7.10M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.68M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.44M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.36M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.46M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 61,065,536 as of Nov 29, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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