American Cumo Mining Corporation (V:MLY)

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Business Focus: Integrated Mining

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Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 638 Millbank
VANCOUVER BC V5Z 4B7
Tel: 1-604-6897902
Website: cumoco.com/tag/mosquito-consolidated-gold-mines
IR: See website
Key People
John Moeller
Independent Chairman of the Board
Shaun M. Dykes
President, Chief Executive Officer, Director
Trevor Burns
Chief Financial Officer, Vice President - Corporate Communications, Director
Brett A. Kagetsu
Corporate Secretary
   
Business Overview
American CuMo Mining Corporation is a Canada-based exploration and development company with mineral right interests in the United States and Canada. Its segments include Canada and the United States. Its CuMo molybdenum project is located in the mountains of south-central Idaho, approximately 15 miles northeast of the town of Idaho City in the United States. It consists of approximately eight unpatented mineral claims. It has two layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum, and the lower half includes molybdenum, with lower grades of silver and copper. Its Boise property, also located in Idaho, is contiguous to and provides access to the CuMo molybdenum Project. The Spruce Mountain molybdenum-silver porphyry project is located in North Eastern Nevada, the United States, approximately 25 miles north of the town of Currie. It is a prospective property for molybdenum, with copper, silver, gold and rhenium by-products.
Financial Overview
For the fiscal year ended 30 June 2018, American CuMo Mining Corp revenues was not reported. Net loss decreased 58% to C$1.9M. Lower net loss reflects Convertible note (recovery) expense decrease from C$978K (expense) to C$578K (income), Gain on sale of unproven mineral right i increase from C$76K to C$284K (income), Foreign exchange gain increase from C$25K to C$56K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $17.47M as of Jun 30, 2018
Annual revenue (TTM): $0.00M as of Jun 30, 2018
EBITDA (TTM): -$1.62M as of Jun 30, 2018
Net annual income (TTM): -$1.94M as of Jun 30, 2018
Free cash flow (TTM): -$4.26M as of Jun 30, 2018
Net Debt Last Fiscal Year: $7.33M as of Jun 30, 2018
Shares outstanding: 168,987,155 as of Sep 12, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization