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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
Tel: N/A
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