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 Club
$299/ 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.

Midland Exploration Inc. (V:MD)

Business Focus: Integrated Mining

Log in or join to add this stock to your watch list.
Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1 Ville-Marie Pl Suite 4000
MONTREAL QC H3B 4M4
Tel: 1-450-420.5977
Website: www.midlandexploration.com
IR: See website
Key People
Jean-Pierre Janson
Independent Chairman of the Board
Gino Roger
President, Chief Executive Officer, Director, IR Contact Officer
Ingrid Martin
Chief Financial Officer
Mario Masson
Vice President - Exploration
Rene Branchaud
Secretary, Independent Director
 
Business Overview
Midland Exploration Inc is engaged in the mining exploration business. The Company's operations include the acquisition and exploration of mining properties. The Company is focused on gold, platinum group elements, base metals and rear earth metal mine discoveries in Quebec, Canada. Its exploration properties include Patris, Casault, Jouvex, Heva, Valmond and La Peltrie, all located in Abitibi; Weedon and Gatineau, which are located in Grenville-Appalaches; James Bay Gold JV (Au) and Eleonore, which are located in James Bay; Pallas PGE and Willbob, which are located in Northern Quebec, and Ytterby, which is located in Quebec Labrador. The James Bay Gold JV (Au) property regroups several properties for a total of approximately 1,830 claims covering a surface area of over 952.9 square kilometers. The Company has drilled approximately eight holes totaling over 3,070 meters on the Casault property and over three holes totaling approximately 920 meters on the Jouvex property.
Financial Overview
For the nine months ended 30 June 2019, Midland Exploration Inc. revenues decreased 60% to C$33K. Net loss decreased 21% to C$280K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Interest income increase of 63% to C$238K (income), Stock-based compensation decrease of 11% to C$140K (expense), Travel decrease of 9% to C$43K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $50.90M as of Jun 30, 2019
Annual revenue (TTM): $0.06M as of Jun 30, 2019
EBITDA (TTM): -$1.66M as of Jun 30, 2019
Net annual income (TTM): -$0.73M as of Jun 30, 2019
Free cash flow (TTM): -$8.08M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 68,878,222 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization