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Cornerstone Capital Resources Inc. (V:CGP)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 1730 ST. LAURENT BLVD., SUITE 800
Tel: N/A
IR: See website
Key People
Gregory Chamandy
Chairman of the Board
H. Brooke Macdonald
President, Chief Executive Officer, Director
David R. Loveys
Chief Financial Officer, Director
Yvan X
Vice President Exploration
Business Overview
Cornerstone Capital Resources Inc. is a Canada-based mineral exploration company with a diversified portfolio of projects in Ecuador and Chile. The Company operates through one segment being that of acquisition, exploration and evaluation activities. It has a diversified portfolio of exploration projects, including Miocene, Cascabel, Bella Maria, Cana Brava, and Vetas Grandes. The Miocene project is located in the Regions of Atacama and Antofagasta of northern Chile. The Cascabel Project is located in northwest Ecuador and targets copper/gold porphyry mineralization. The Bella Maria is located in southwestern Ecuador and targets gold/copper porphyry and structurally controlled (veins and breccias) styles of mineralization. The Cana Brava is located in south-central Ecuador and targets gold/silver/copper porphyry and sulphidation epithermal styles of mineralization. The Vetas Grandes is located in the Azuay province in central Ecuador.
Financial Overview
For the fiscal year ended 31 December 2021, Cornerstone Capital Resources Inc. revenues decreased 76% to C$190K. Net loss increased 3% to C$6.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Write-down of exploration & evaluation increase of 5% to C$4.2M (expense), Public relations increase of 100% to C$203K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $136.41M as of Dec 31, 2021
Annual revenue (TTM): $0.19M as of Dec 31, 2021
EBITDA (TTM): -$6.79M as of Dec 31, 2021
Net annual income (TTM): -$6.77M as of Dec 31, 2021
Free cash flow (TTM): -$6.79M as of Dec 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 36,921,277 as of Dec 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization