Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Maritime Resources Corp. (V:MAE)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 110 Yonge Street, Suite 1900
TORONTO ON M5C 1T4
Tel: N/A
Website: www.maritimeresourcescorp.com
IR: See website
Key People
Garett Macdonald
President, Chief Executive Officer, Director
Germaine M. Coombs
Chief Financial Officer
Lorna D. MacGillivray
Corporate Secretary
Business Overview
Maritime Resources Corp. is a Canada-based gold and base metals exploration and development company. The Company operates in mineral exploration and development segment. Maritime's Green Bay property hosts the company's Hammerdown gold mine and the Orion gold deposit along with the Lochinvar zinc/silver rich Volcanogenic massive sulfide (VMS) deposit. The property is located approximately 5 km southwest of the Town of King's Point and approximately 15 km northwest of the Town of Springdale in Newfoundland & Labrador. The Orion deposit is located approximately 1.5 km southwest of the Hammerdown deposit. The Green Bay Property encompasses four gold deposits include Orion, Muddy Shag, Hammerdown and Rumbullion and all occur in the Hammerdown Deformation Zone (HDZ).
Financial Overview
For the nine months ended 30 September 2021,Maritime Resources Corp revenues was not reported. Net lossdecreased 4% to C$1.4M. Lower net loss reflects Recognitionof flow-through premium liab increase from C$217K to C$1M(income), Business development decrease from C$200K(expense) to C$0K, Professional fees decrease of 79% toC$17K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $47.35M as of Sep 30, 2021
Annual revenue (TTM): $0.00M as of Sep 30, 2021
EBITDA (TTM): -$1.18M as of Sep 30, 2021
Net annual income (TTM): -$1.24M as of Sep 30, 2021
Free cash flow (TTM): -$11.40M as of Sep 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 399,458,601 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization