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 OTTAWA ON K1G 3Y7 |
| Tel: | N/A |
| Website: | www.cornerstoneresources.com |
| 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 | |
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