Minaurum Gold Inc. (V:MGG)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 200 Granville Street, 2710 Unit VANCOUVER BC V6C 1S4 |
| Tel: | 1-778-3300994 |
| Website: | https://minaurum.com |
| IR: | See website |
Key People
Darrell A. Rader
President, Chief Executive Officer, Director
Cale J. Moodie
Chief Financial Officer
Stephen Maynard
Vice President - Exploration
| Business Overview |
| Minaurum is an exploration company creating shareholder value through the discovery and development of new district-scale silver and gold discoveries in Mexico. Minaurum is led by a management team with significant mining experience. The technical team has been credited with the discovery of over 300 million ounces silver and 8 million ounces gold in Mexico, and along with management have arranged in excess of $2 billion in equity and debt for resource development. The company is listed on the TSX Venture Exchange under ‘MGG’, the OTCQX under ‘MMRGF’ and the Frankfurt Stock Exchange under ‘78M’. Minaurum’s strategy is to build a regional exploration portfolio with significant discovery and district-scale potential with a focus on gold, copper, lead and zinc. The three key regions in Mexico are the Southern Sonora State (SSS), Oaxaca-Chiapas Region (OCR) and the Guerrero Gold Belt (GGB). The SSS region hosts Minaurum’s current main focus, the rapidly advancing Alamos silver project in the Alamos Silver District, and Adelita copper-gold porphyry project. The large surface lens of the Santa Marta VMS copper-gold project and Aurena gold project are located in the OCR region. Lastly, the Vuelcos and Biricu gold projects in the gold mining district of the Guerrero Gold Belt surrounded by several other exploration and producer gold mining stocks. |
| Financial Overview |
| For the nine months ended 31 January 2024, Minaurum Gold Inc revenues was not reported. Net loss decreased 62% to C$2.6M. Lower net loss reflects Fair value adjustment of marketable secu decrease of 85% to C$275K (expense), Exploration/Dry Hole Exp(Incl Write Off decrease of 54% to C$1.1M (expense), Share-based payments decrease of 70% to C$486K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $102.76M as of Jan 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Jan 31, 2024 |
| EBITDA (TTM): | -$2.95M as of Jan 31, 2024 |
| Net annual income (TTM): | -$3.43M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$2.12M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 373,927,674 as of Jan 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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