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Maple Gold Mines Ltd. (V:MGM)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 1111 W Hastings St 6th Floor
Tel: N/A
IR: See website
Key People
B. Matthew Hornor
President, Chief Executive Officer, Director
Gregg Orr
Chief Financial Officer
Joness Lang
Executive Vice President
Kiran Patankar
Senior Vice President - Growth Strategy
Friedrich Speidel
Vice President - Exploration
Business Overview
Maple Gold Mines Ltd. is a Canada-based exploration company. The Company has a 50/50 joint venture partnership with gold producer Agnico Eagle Mines Limited to jointly explore the Douay and Joutel gold projects located in Quebec. The Company also has an option to acquire a 100% interest in Eagle located at the Joutel Gold project. Its Douay Project is located approximately 55 kilometers southwest of Matagami and 130 kilometers north of Amos, Quebec, by road. Douay Project consists of approximately 685 claims covering approximately 366 square kilometers. Its Joutel Project is located approximately 70 kilometers southwest of Matagami and 125 kilometers north of Amos. The Joutel Project covers approximately 39 square kilometers of land located directly south of, and adjacent to, its Douay Project.
Financial Overview
For the six months ended 30 June 2022, Maple Gold Mines Ltd revenues was not reported. Net loss increased 68% to C$4.3M. Higher net loss reflects Exploration and evaluation expenses - Ba increase from C$259K to C$2.4M (expense), Salaries and benefits in exploration exp increase from C$0K to C$359K (expense), Share-based payments increase of 30% to C$1.2M (expense).
Employees: 12 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $35.62M as of Jun 30, 2022
Annual revenue (TTM): $0.00M as of Jun 30, 2022
EBITDA (TTM): -$8.96M as of Jun 30, 2022
Net annual income (TTM): -$7.67M as of Jun 30, 2022
Free cash flow (TTM): -$6.97M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 336,169,691 as of Jul 25, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization