Maritime Resources Corp. (V:MAE)
Business Focus: Gold (NEC)
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 1900 -110 Yonge Street TORONTO ON M5C 1T4 |
| Tel: | N/A |
| Website: | https://maritimeresourcescorp.com |
| IR: | See website |
| Key People | ||
| Garett Macdonald President, Chief Executive Officer, Director | Germaine M. Coombs Chief Financial Officer, Vice President - Finance | Perry Blanchard Vice President - Environment, Sustainability | Lorna D. Macgillivray Corporate Secretary |
| Business Overview |
| Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Maritime Resources Corp revenues was not reported. Net loss increased 42% to C$2.5M. Higher net loss reflects Salaries and benefits increase of 24% to C$1.3M (expense), Recognition of flow-through premium decrease from C$223K (income) to C$0K, Share-based payments increase from C$6K to C$169K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $32.07M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.55M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.54M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$6.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 595,716,319 as of Apr 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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