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Great Bear Resources Ltd. (V:GBR)

Business Focus: Specialty Mining & Metals

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 800 Pender St W Suite 1020
Tel: 1-604-6810084
IR: See website
Key People
Christopher Taylor
President, Director
Antonio Mario Ricci
Chief Financial Officer, Corporate Secretary, Director
Business Overview
Great Bear Resources Ltd is a Canada-based mineral exploration company focused on precious metals projects in Red Lake, Ontario. The Company operates two projects, Dixie Lake and West Madsen, with total area around 13,000 hectares. At the Dixie project gold mineralization is along a 2.3 kilometer strike of a 10 kilometer target. The system at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 grams per ton (g/t) gold and 7.00 metres of 68.76 g/t gold and is open along strike and at depth. The West Madsen project comprises two claims blocks - Block A and Block B. The area is approximately 4,000 hectares for both blocks.
Financial Overview
For the three months ended 31 March 2020, Great Bear Resources Ltd revenues was not reported. Net loss increased from C$899K to C$4.3M. Higher net loss reflects Share-based compensation increase from C$1.2M to C$4.9M (expense), Professional Fees increase from C$33K to C$176K (expense), Management fees increase from C$64K to C$138K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.02 to -C$0.09.
Reporting Currency: Canadian Dollars
Enterprise value: $820.35M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$9.53M as of Mar 31, 2020
Net annual income (TTM): -$5.84M as of Mar 31, 2020
Free cash flow (TTM): -$18.91M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 48,272,472 as of Jun 19, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization