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Euromax Resources Ltd. (V:EOX)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: Blvd Partizanski Odredi No 42, 4
SKOPJE BC 1000
Tel: N/A
Website: www.euromaxresources.com
IR: See website
Key People
Timothy M. Morgan-wynne
Executive Chairman of the Board
Ali Vezvaei
President, Non-Executive Director
Nikola Gulev
Chief Financial Officer
Patrick William Forward
Executive Director
Nicolas Treand
Executive Director
 
Business Overview
Euromax Resources Ltd is a Canada-based company that operates in mining industry. The Company is engaged in identifying, acquiring and developing mineral resources in Southeastern Europe. The Company has a development project in Northern Macedonia. The Company is focused on building and operating the gold-copper development asset in Ilovica-Shtuka in South East Macedonia. Ilovica-Shtuka copper/gold project's deposit type is copper gold porphyry. Its average annual production is 83 kilo ounces (Koz) of gold (Au) and 16 kilo tons (Kt) of copper (Cu). It is engaged in the bulk tonnage open pit mining.
Financial Overview
For the nine months ended 30 September 2023, Euromax Resources Ltd revenues was not reported. Net loss decreased 42% to C$3.9M. Lower net loss reflects Gain/(loss) on foreign exchange decrease from C$3.6M (expense) to C$12K (income), Salaries, directors and consultant fees decrease of 5% to C$672K (expense), Office and general decrease of 5% to C$149K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01.
Employees: 7 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $37.70M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$3.65M as of Sep 30, 2023
Net annual income (TTM): -$5.13M as of Sep 30, 2023
Free cash flow (TTM): -$2.52M as of Sep 30, 2023
Net Debt Last Fiscal Year: $25.79M as of Sep 30, 2023
Shares outstanding: 490,013,320 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization