Marimaca Copper Corp. (T:MARI)
Business Focus: Copper Ore Mining
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 66 Wellington Street West, Suite 5300 TORONTO ON M5K 1E6 |
| Tel: | N/A |
| Website: | https://marimaca.com |
| IR: | See website |
| Key People | ||
| Hayden Locke President, Chief Executive Officer, Director | Jose Antonio Merino Chief Financial Officer, Managing Director Chile | Alexis Munoz Vice President - Project Execution |
| Sergio Rivera Vice President - Exploration | Oscar Valenzuela Vice President - Project | Solange Gonzaelez General Counsel, Corporate Secretary | Nico Cookson Head of Corporate Development |
| Business Overview |
| Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company's principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile's Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares. |
| Financial Overview |
| For the six months ended 30 June 2024, Marimaca Copper Corp revenues was not reported. Net loss increased 6% to $4M. Higher net loss reflects Mining segment loss increase of 71% to $4.4M. Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.04. |
| Employees: | 23 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $402.19M as of Jun 30, 2024 |
| Annual revenue (TTM): | $0.00M as of Jun 30, 2024 |
| EBITDA (TTM): | -$8.50M as of Jun 30, 2024 |
| Net annual income (TTM): | -$10.12M as of Jun 30, 2024 |
| Free cash flow (TTM): | -$17.34M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 101,017,086 as of Sep 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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