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Almadex Minerals Ltd. (V:DEX)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: Suite 210 1333 Johnston St, Suite 210
VANCOUVER BC V6H 3R9
Tel: N/A
Website: https://www.almadexminerals.com
IR: See website
Key People
Duane Poliquin
Chairman of the Board
Morgan J. Poliquin
President, Chief Executive Officer, Director
Korm Trieu
Chief Financial Officer
Douglas John Mcdonald
Executive Vice President, Director
   
Business Overview
Almadex Minerals Ltd. is an exploration company that holds a mineral portfolio consisting of projects and NSR royalties in Canada, the United States, and Mexico. Its United States projects include Davis / Paradise Valley, New Hope, Monte Cristo, Veta and Willow. It also has three epithermal gold-silver prospects in Nevada, United States, including Confusion Hills, County Line and Silverton South. Its Canadian projects include Logan, Lac de Gras / ATW, Merit, and Nicoamen River. The Davis/Paradise Valley property comprises 302 claims totaling approximately 2,400 hectares with multiple targets, located approximately eight miles southeast of Gabbs, Nevada and five kilometers northeast of the Paradise Peak gold mine. Its royalty package consists of projects, which include La Bufa, Caballo Blanco, El Cobre, Cerro Colorado, El Encuentro, El Fuego, Ponderosa, Prospect Valley, Skoonka Creek and others. The Company also owns a number of portable diamond drill rigs.
Financial Overview
For the fiscal year ended 31 December 2023, Almadex Minerals Ltd revenues decreased 77% to C$1.7M. Net loss totaled C$2.9M vs. income of C$3.2M. Revenues reflect Exploration and drilling services decrease of 91% to C$603K. Net loss reflects Foreign exchange gain (loss) decrease from C$1.1M (income) to C$213K (expense), Share-based payments increase from C$56K to C$788K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $1.69M as of Dec 31, 2023
EBITDA (TTM): -$1.92M as of Dec 31, 2023
Net annual income (TTM): -$2.94M as of Dec 31, 2023
Free cash flow (TTM): -$2.13M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 61,007,944 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization