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GobiMin Inc. (V:GMN)

Business Focus: Integrated Mining

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Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 120 Adelaide St W Suite 2500
TORONTO ON M5H 1T1
Tel: 1-852-35866500
Website: www.gobimin.com
IR: See website
Key People
Felipe Tan
Chairman of the Board, President, Chief Executive Officer
Yuen Kwan Ko
Chief Financial Officer, Vice President - Corporate Affairs, Secretary, Director
 
Business Overview
GobiMin Inc is a Canada-based company, which is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region (Xinjiang) of the People's Republic of China (China). The Company is engaged in the development of the Sawayaerdun Gold Project (Gold Project) and other exploration projects. It holds an equity interest of over 70% in Xinjiang Tongyuan Minerals Limited (Tongyuan) to explore, develop and operate the Gold Project located in Xinjiang. It also holds an equity interest of approximately 40% in Loco Hong Kong Holdings Limited. In addition, it owns over 40% equity interests each in over three companies incorporated in China to engage in base metals and precious metal exploration, including nickel, copper and gold in Xinjiang, and over 2.66% equity interest in the Yanxi Copper Property. Tongyuan holds the mining and exploration licenses of the Zone I and Zone IV mine site covering an area of over 1.70 square kilometers and over 20.27 sq
Financial Overview
For the six months ended 30 June 2019, Gobimin Inc. revenues increased from -$328K to $1.8M. Net income totaled $258K vs. loss of $1.9M. Revenues reflect Realized G/L-Invest Sec AFS/HTM-Business increase from -$1M to $1.1M, Gain on disposal of financial assets increase from $2K to $25K, Rental income increase of 13% to $164K. Net Income reflects Exchange gain/ (loss) increase from $192K (expense) to $9K (income).
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $3.16M as of Jun 30, 2019
EBITDA (TTM): $0.32M as of Jun 30, 2019
Net annual income (TTM): -$0.86M as of Jun 30, 2019
Free cash flow (TTM): -$3.54M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 49,812,482 as of Oct 21, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization