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Moneta Gold Inc. (T:ME)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 65 Third Avenue
Tel: N/A
IR: See website
Key People
Gary Vincent O'connor
President, Chief Executive Officer, Chief Geologist, Director
Jason R. Macintosh
Chief Financial Officer, Corporate Secretary
Business Overview
Moneta Gold Inc., formerly Moneta Porcupine Mines Inc., is a Canada-based gold exploration company. The Company is focused on advancing its 100% wholly owned Tower Gold project and hosts a total indicated resource of approximately 3,967,000 ounces contained gold and a total inferred resource of 4,399,000 ounces contained gold. It has a 100% interest in approximately 271 mining patents, 32 mining leases, 816 single and 453 boundary cell claims for a total area of approximately 26,595 hectares (ha) in the form of mining patents, leases and staked claims in the Timmins Camp. Its gold projects in Timmins area include North Tisdale, Nighthawk Lake, Kayorum, and Ogden (DeSantis East) properties and base metal projects include the West Timmins/Denton-Thornloe Property, Loveland Nickel, Kamiskotia, and Fripp properties. Its Golden Bear assets include the past producing Buffonta property, Gold Pike Bourkes, Guibord, Sims and Plato properties in an approximately 9,269 ha land package.
Financial Overview
For the fiscal year ended 31 December 2021, Moneta Gold Inc revenues was not reported. Net loss increased from C$4.3M to C$13.5M. Higher net loss reflects Exploration and evaluation expenditures increase from C$4.3M to C$12.2M (expense), General & administration increase from C$518K to C$1.2M (expense), Legal, audit & investment advisory increase from C$240K to C$500K (expense).
Employees: 37 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $191.87M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$15.09M as of Mar 31, 2022
Net annual income (TTM): -$13.54M as of Mar 31, 2022
Free cash flow (TTM): -$15.99M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 94,791,610 as of Mar 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization