THEMAC Resources Group Limited (V:MAC)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 1500 - 409 Granville Street VANCOUVER BC V6C 1T2 |
| Tel: | N/A |
| Website: | https://www.themacresourcesgroup.com |
| IR: | See website |
| Key People | ||
| Kevin William Maloney Chairman of the Board | Andrew W. Maloney Chief Executive Officer, Director | Mark Mcintosh Chief Financial Officer |
| David Thomas Executive Vice President - Operations and Development, General Mine Manager of Copper Flat Mine | Stephen Leonard Law Corporate Secretary | |
| Business Overview |
| THEMAC Resources Group Limited is a Canada-based resource company. The Company is focused on acquiring, exploring, and developing natural resource properties The Company is in the business of developing its Copper Flat Mine in New Mexico (Copper Flat) through its subsidiary New Mexico Copper Corporation. The Copper Flat Project is an advanced porphyry copper and molybdenum project. The Copper Flat Project, located in the Las Animas Mining District in South Central New Mexico, in the County of Sierra, United States of America. The mine property is located approximately 150 miles (242 kilometers (km)) south of Albuquerque, New Mexico, and 20 miles (32 km) southwest of Truth or Consequences, New Mexico. The mine property consists of 28 patented lode mining claims, four patented placer mining claims, 202 unpatented lode mining claims, 41 unpatented placer mining claims, nine unpatented mill sites, and 16 fee land parcels in contiguous and non-contiguous land parcels and claim blocks. |
| Financial Overview |
| For the six months ended 31 December 2023, THEMAC Resources Group Ltd revenues was not reported. Net loss increased 3% to C$6.5M. Higher net loss reflects Finance expense increase of 6% to C$6.2M (expense), Office and sundry increase of 54% to C$238K (expense), Legal Fees increase from C$7K to C$44K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.08. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $160.17M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.93M as of Dec 31, 2023 |
| Net annual income (TTM): | -$13.08M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.06M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $165.98M as of Dec 31, 2023 |
| Shares outstanding: | 79,400,122 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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