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 |