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Corsa Coal Corp. (V:CSO)

Business Focus: Coal (NEC)

Sector:  Energy Industry:  Coal
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1576 Stoystown Road,
PO Box 260
FRIEDENS PA 15541
Tel: N/A
Website: www.corsacoal.com
IR: See website
Key People
Robert C. Sturdivant
Chairman of the Board
Peter V. Merritts
Chief Executive Officer, Director
Kevin M. Harrigan
Chief Financial Officer, Corporate Secretary
Business Overview
Corsa Coal Corp. is a coal mining company. The Company is engaged in the business of mining, processing and selling metallurgical coal, as well as exploring, acquiring and developing resource properties. Its operating mines include Casselman Mine, Horning Mine, Acosta Mine and Schrock Run Mines. Its Casselman Mine is located in Garrett County, approximately two miles south of Grantsville, Maryland, United States, and produces approximately between 550,000 - 600,000 tons of metallurgical coal per year. Its Horning Mine is located near Somerset, Pennsylvania, and produces approximately 150,000 to 180,000 tons of metallurgical coal per year. Its Acosta mine is located in Berlin, Pennsylvania, and produces approximately between 380,000 - 420,000 tons of low volatile metallurgical coal per year. Its Schrock Run Extension Mines are two surface mines located in Berlin, Pennsylvania, which produce approximately between 160,000 - 180,000 tons of low volatile metallurgical coal per year.
Financial Overview
For the nine months ended 30 September 2021, CorsaCoal Corp revenues decreased 18% to $91.4M. Net lossdecreased 97% to $1.2M. Revenues reflect Metallurgical coalsales decrease of 19% to $88.1M, Tolling revenue decreaseof 24% to $949K. Lower net loss reflects NAPP segment lossdecrease of 91% to $4.6M. Basic Earnings per Shareexcluding Extraordinary Items increased from -$0.47 to-$0.01.
Employees: 280 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $86.86M as of Sep 30, 2021
Annual revenue (TTM): $138.97M as of Sep 30, 2021
EBITDA (TTM): -$3.11M as of Sep 30, 2021
Net annual income (TTM): -$17.60M as of Sep 30, 2021
Free cash flow (TTM): -$1.59M as of Sep 30, 2021
Net Debt Last Fiscal Year: $20.51M as of Sep 30, 2021
Shares outstanding: 103,275,000 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization