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GMV Minerals Inc. (V:GMV)

Business Focus: Gold

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 280-1090 West Georgia Street
Tel: N/A
IR: See website
Key People
Alistair MacLennan
Chairman of the Board
Ian McCulloch Klassen
President, Chief Executive Officer, Director
Michele Pillon
Chief Financial Officer, Secretary
Business Overview
GMV Minerals Inc. is a Canada-based mineral exploration company. The Company's business activity includes the sourcing and exploration of mineral properties. The Company is focused on developing precious metal assets in Arizona. The Company, through its subsidiary, holds interest in a mining property lease, referred to as the Mexican Hat project. The Mexican Hat property consists of approximately 40 unpatented lode mining claims and two situated in Cochise County, Arizona, the United States. The Mexican Hat property consists of an inferred mineral resource of approximately 23,452,000 tons grading over 0.70 grams of gold per ton hosting approximately 531,400 troy ounces of gold. The Company is focused on developing its asset and realizing the mineral potential of the property through gold production. Its subsidiary includes GMV Minerals (Nevada) LLC.
Financial Overview
For the nine months ended 31 March 2020, GMV Minerals Inc revenues was not reported. Net loss increased 26% to C$433K. Higher net loss reflects Management increase of 18% to C$223K (expense), Legal and accounting increase of 25% to C$105K (expense), Travel and entertainment increase from C$16K to C$36K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $11.11M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$0.64M as of Mar 31, 2020
Net annual income (TTM): -$0.56M as of Mar 31, 2020
Free cash flow (TTM): -$1.18M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 42,726,206 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization