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Foran Mining Corporation (T:FOM)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 904-409 Granville Street
VANCOUVER BC V6V 1T2
Tel: N/A
Website: https://www.foranmining.com
IR: See website
Key People
Daniel Myerson
Executive Chairman of the Board, Chief Executive Officer
James Steels
Chief Financial Officer
Dave Bernier
Chief Operating Officer
Terri Uhrich
Vice President - Legal, General Counsel
Gilbert Lamarche
Vice President - Technical Services
 
Business Overview
Foran Mining Corporation is a Canada-based company, which is engaged in copper-zinc-gold-silver exploration and development. The Company holds eight properties encompassing over 140,000 hectares within the Hanson Lake District of eastern Saskatchewan, Canada along the deposit rich Flin Flon Greenstone Belt. Its projects include the development of the McIlvenna Bay deposit, evaluation of the Bigstone deposit, and near mine exploration of several promising targets. McIlvenna Bay is a copper-zinc-gold-silver rich VHMS deposit, which is located 65 kilometers (km) West of Flin Flon, Manitoba and is part of the Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to its ground in eastern Saskatchewan, a distance of over 225 km. Its exploration camp is road-accessible, located 17 km south on the Hanson Lake all-weather gravel road. The Bigstone deposit is located within the Northern Lights Property, which lies west of McIlvenna Bay.
Financial Overview
For the fiscal year ended 31 December 2023, Foran Mining Corp revenues was not reported. Net loss increased 39% to C$13.6M. Higher net loss reflects Interest Expense increase from C$176K to C$5.6M (expense), Consulting increase from C$1.2M to C$5M (expense), Share-based payment expense increase from C$2.9M to C$6M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.04 to -C$0.05.
Employees: 109 as of Mar 21, 2024
Reporting Currency: Canadian Dollars
Enterprise value: $1,043M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$17.32M as of Dec 31, 2023
Net annual income (TTM): -$13.62M as of Dec 31, 2023
Free cash flow (TTM): -$111.37M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 304,908,481 as of Mar 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization