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Colorado Resources Ltd. (V:CXO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 105-3500 Carrington Rd
Tel: N/A
IR: See website
Key People
Patrick D. Soares
Chairman of the Board
Robert P. Shaw
President, Chief Executive Officer, Director
Terese J. Gieselman
Chief Financial Officer, Secretary
Business Overview
Colorado Resources Ltd. is an exploration-stage company engaged in the acquisition, exploration and development of mineral properties. Its properties include North ROK property, Hit property, Heart Peaks property and KSP Property. The North ROK property has approximately 10 mineral tenures that covers over 5,190 hectares. The North ROK property is located approximately 70 kilometers south of Dease Lake and straddles Highway 37 over 15 kilometers northwest of Red Chris mine development project in northern British Columbia. The Hit property has approximately 100 mineral tenures covering over 21,750 hectares, including over two additional claims. The Hit property is located approximately 30 kilometers north of Princeton, British Columbia. The Company holds a mineral tenure, GJ Key property, located approximately 30 kilometers southwest of the Company's North ROK property. The Company has an option to acquire interests in the KSP Property. It also holds the KingPin property.
Financial Overview
For the nine months ended 31 December 2019, Colorado Resources Ltd revenues was not reported. Net loss decreased 53% to C$993K. Lower net loss reflects Selling/General/Admin Expens decrease of 99% to C$9K (expense), Accounting and legal decrease of 81% to C$117K (expense), Consulting decrease of 37% to C$130K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $10.08M as of Dec 31, 2019
Annual revenue (TTM): $0.00M as of Dec 31, 2019
EBITDA (TTM): -$1.14M as of Dec 31, 2019
Net annual income (TTM): -$1.23M as of Dec 31, 2019
Free cash flow (TTM): -$2.57M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 195,377,915 as of Apr 14, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization