Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 203-22 Lafleur Ave. ST-SAUVEUR QC J0R 1R0 |
Tel: | N/A |
Website: | https://geniusproperties.ca |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Cerro de Pasco Resources Inc. is a Canada-based mining and resource management company. The Company is engaged in mining, developing and exploring its wholly owned 6,000-hectare (ha) Santander Mine in the highly prospective Antamina-Yauricocha Skarn Corridor, located approximately 215 kilometers (km) from Lima. It is also focused on the development of its principal 100% owned asset, the El Metalurgista mining concession comprising mineral tailings and stockpiles extracted from the Cerro de Pasco open pit mine in Central Peru. Its Quiulacocha tailings deposit covers approximately 115 ha with tailings deposited in the Quiulacocha Tailings Storage Facility (TSF). The Excelsior Stockpile is located over 175 km north-northeast of the city of Lima in the Region of Pasco, Peru and covers a surface area of 67.92 ha and contains approximately 70 metric tons (Mt) of broken rock. The surface area of the Excelsior stockpile lying within the El Metalurgista mining concession is approximately 35 ha. |
Financial Overview |
For the twelve months ended 31 December 2023, Cerro De Pasco Resources Inc revenues decreased 52% to $19.6M. Net loss before extraordinary items increased 50% to $27.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Care and maintenance increase from $0K to $5.3M (expense), Financial expenses increase of 57% to $2M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $38.61M as of Dec 31, 2023 |
Annual revenue (TTM): | $26.75M as of Dec 31, 2023 |
EBITDA (TTM): | -$28.90M as of Dec 31, 2023 |
Net annual income (TTM): | -$37.63M as of Dec 31, 2023 |
Free cash flow (TTM): | -$8.71M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $6.58M as of Dec 31, 2023 |
Shares outstanding: | 347,813,434 as of Apr 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |