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Filo Corp. (T:FIL)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 885 West Georgia Street, Suite 2000
Tel: 1-604-6897842
IR: See website
Key People
Adam I. Lundin
Chairman of the Board
James Andrew Beck
President, Chief Executive Officer, Director
Ian W. Gibbs
Chief Financial Officer
Arndt Brettschneider
Vice President - Operations and Project
Trevor D'Sa
Vice President - Corporate Development and Investor Relations
Robert G. Carmichael
Vice President - Exploration
Business Overview
Filo Corp., formerly Filo Mining Corp., is a Canada-based mineral exploration and development company. The Company is focused on its 100%-controlled Filo del Sol project (Filo del Sol or the Filo del Sol Project), which is comprised of two adjacent land holdings: the Filo del Sol property located in San Juan Province, Argentina, and the Tamberias property, located in Region III, Chile. The Filo del Sol Project is located between the Maricunga and El Indio gold belts, two mineralized trends that contain such deposits as Caspiche, La Coipa, Veladero, and El Indio. The Filo del Sol Project is located in the Atacama Region of Northern Chile and adjacent San Juan province of Argentina. The Filo del Sol Project is a high-sulphidation epithermal copper-gold silver system associated with a porphyry copper-gold system. The Filo del Sol Project is approximately 140 kilometers (km) southeast of the city of Copiapo, Chile and straddles the border between Argentina and Chile.
Financial Overview
For the six months ended 30 June 2023, Filo Corp revenues was not reported. Net loss increased from C$27.9M to C$59.6M. Higher net loss reflects Stock-based Compensation in SGA increase from C$2.1M to C$4.5M (expense), Labor & Related Expenses in SGA increase from C$761K to C$2.5M (expense), Promotion and public relations increase from C$110K to C$460K (expense).
Employees: 92 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $2,462M as of Jun 30, 2023
Annual revenue (TTM): $0.00M as of Jun 30, 2023
EBITDA (TTM): -$133.48M as of Jun 30, 2023
Net annual income (TTM): -$100.63M as of Jun 30, 2023
Free cash flow (TTM): -$68.04M as of Jun 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 130,688,801 as of Aug 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization