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 | Petra Decher Chief Financial Officer | Sergio Rivera Vice President - Exploration |
| Laura Rich Chief Sustainability Officer, General Counsel, 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. This area is referred to as the Marimaca District. |
| Financial Overview |
| For the nine months ended 30 September 2023, Marimaca Copper Corp revenues was not reported. Net loss before extraordinary items decreased 14% to $4.2M. Lower net loss reflects Exploration expenditures decrease from $2.9M (expense) to $0K, Share-based compensation decrease of 45% to $1.8M (expense), Finance income increase from $126K to $695K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.06 to -$0.05. |
| Employees: | 23 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $297.74M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$8.79M as of Sep 30, 2023 |
| Net annual income (TTM): | -$9.50M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$18.80M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 93,042,989 as of Nov 16, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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