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Entree Resources Ltd (PK:ERLFF)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEC
Company Contact
Address: 1066 Hastings St W Suite 1650
VANCOUVER BC V6E 3X1
Tel: N/A
Website: https://www.entreeresourcesltd.com
IR: See website
Key People
Stephen V. Scott
President, Chief Executive Officer, Executive Director
Duane Lo
Chief Financial Officer
Susan Mcleod
Vice President - Legal Affairs, Corporate Secretary
Business Overview
Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. The Oyu Tolgoi project comprises two separate land holdings: the Entree/Oyu Tolgoi JV Property, which is a partnership between Entree and OTLLC, and the Oyu Tolgoi mining license, which is held by OTLLC. The Entree/Oyu Tolgoi JV Property comprises the eastern portion of the Shivee Tolgoi mining license and all the Javhlant mining license. The Company has a 56.53% interest in the Blue Rose Joint Venture. The Company has an interest in acquiring a 0.5% net smelter return royalty on the Canariaco copper project in Northern Peru.
Financial Overview
For the fiscal year ended 31 December 2023, Entree Resources Ltd revenues was not reported. Net loss increased 6% to $9.6M. Higher net loss reflects Project expenditures increase from $504K to $1.4M (expense), Deferred revenue finance costs increase of 5% to $4.4M (expense), Loss from equity investee increase of 28% to $653K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.05.