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Kenorland Minerals Ltd. (V:KLD)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1570 1111 West Georgia Street
Vancouver BC V6E 4M3
Tel: N/A
Website: https://kenorlandminerals.com
IR: See website
Key People
N/A    
Business Overview
Kenorland Minerals Ltd. is a Canada-based mineral exploration company. The Company's principal business is the acquisition and exploration of precious metal mineral properties in North America. Its flagship properties are the Frotet Project Quebec, Canada, the Tanacross Project Alaska, United States and the Healy Project Alaska, United States. It owns or has options to acquire further interest in various projects in Manitoba, Ontario and Quebec, Canada and Alaska, United States. The Company's other projects include Osik Lake Project, South Uchi Project, South Thompson Project, O'Sullivan Project, Hunter Project, Chicobi Project and Chebistuan Project. The Frotet Property is its primary mineral property that covers approximately 39,365 hectares (ha) and is located in the Frotet-Evans Archean greenstone belt within the Opatica geological sub-province, approximately 120 kilometers (km) north of Chibougamau. Tanacross Property is located approximately 80 km northeast of Tok, Alaska.
Financial Overview
For the fiscal year ended 31 December 2023, Kenorland Minerals Ltd revenues increased 50% to C$3.7M. Net loss totaled C$4.4M vs. income of C$16.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Net change in fair value of investments decrease from C$8.8M (income) to C$11.3M (expense), Gain on sale of investments decrease of 33% to C$5M (income).
Reporting Currency: Canadian Dollars
Enterprise value: $23.03M as of Dec 31, 2023
Annual revenue (TTM): $3.72M as of Dec 31, 2023
EBITDA (TTM): -$1.89M as of Dec 31, 2023
Net annual income (TTM): -$4.42M as of Dec 31, 2023
Free cash flow (TTM): -$22.96M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 65,365,959 as of Mar 26, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization