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GobiMin Inc. (V:GMN)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 120 Adelaide St W Suite 2500
Tel: 1-852-35866500
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 nine months ended 30 September 2019, Gobimin Inc. revenues increased from $24K to $2.7M. Net income totaled $330K vs. loss of $2.2M. Revenues reflect Realized G/L-Invest Sec AFS/HTM-Business increase from -$1.1M to $1.1M, Gain on disposal of financial assets increase from $2K to $527K, Rental income increase of 1% to $218K. Net Income reflects Exchange loss decrease of 51% to $111K (expense), Finance costs decrease of 45% to $7K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $3.91M as of Sep 30, 2019
EBITDA (TTM): $0.89M as of Sep 30, 2019
Net annual income (TTM): -$0.38M as of Sep 30, 2019
Free cash flow (TTM): -$4.03M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 49,644,982 as of Jan 22, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization