Entree Resources Ltd. (T:ETG)
Business Focus: Diversified Mining
| This company is also listed in the United States as ERLFF on the OTC. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 1066 Hastings St W Suite 1650 VANCOUVER BC V6E 3X1 |
| Tel: | 1-604-6874777 |
| 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. |
| Employees: | 4 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $320.57M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.05M as of Dec 31, 2023 |
| Net annual income (TTM): | -$13.08M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.23M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $8.45M as of Dec 31, 2023 |
| Shares outstanding: | 203,344,954 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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