55 North Mining Inc. (V:FFF)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 401 Bay St Suite 2702 TORONTO ON M5H 2Y4 |
| Tel: | N/A |
| Website: | https://55northmining.com |
| IR: | See website |
| Key People | ||
| Bruce D. Reid President, Chief Executive Officer, Director | Julio Digirolamo Chief Financial Officer | |
| Business Overview |
| 55 North Mining Inc. is a Canada-based exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada. The Company is engaged in the acquisition, exploration, development and extraction of natural resources, specifically precious metals. The Last Hope Property is located approximately 23 kilometers (km) south-east of the town of Lynn Lake in northern Manitoba, Canada. The property is approximately centered at latitude 387,000 east and longitude 6,283,000 north and is located approximately 810 km northwest of Manitoba's capital and Winnipeg city. The Last Hope Property comprises about 15 claims covering an area of 3,513 hectares. The Last Hope Gold Project hosts an indicated mineral resource of 408,300 tons grading 5.41 g/t Au for 71,100 ounces of gold, and an Inferred resource of 1,553,000 tons grading 5.48 g/t Au for 273,800 ounces of gold. Its wholly owned subsidiary is 55 North Mining Operations Inc. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, 55 North Mining Inc revenues was not reported. Net loss decreased 4% to C$783K. Lower net loss reflects Mining claim commitments decrease of 87% to C$50K (expense), MMDF grant increase from C$20K to C$100K (income), Promotion and shareholder communications decrease of 52% to C$23K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2.36M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.88M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.78M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.01M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 320,134,488 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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