Monarca Minerals Inc. (V:MMN)
Business Focus: Silver Mining
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 18 King Street East Street; Suite 902 TORONTO ON M5C 1C4 |
| Tel: | N/A |
| Website: | https://monarcaminerals.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Monarca Minerals Inc. is a Canada-based company, which is engaged in the process of exploring and evaluating its exploration and evaluation property interests in Mexico. The Company's projects include Tejamen, San Lucas, and San Jose. The San Jose Property is located in Chihuahua, Mexico near the United States border, approximately 125 kilometers (km) west of El Paso, Texas and Juarez, Chihuahua, Mexico. The property is also located over 52 km northwest of the underground Bismark Mine operated by Grupo Penoles. The Tejamen is located 130 km northwest of Durango, the capital of the State of Durango, and consists of 23 mineral concessions covering approximately 1,685 hectares. The San Lucas Property is located 86 km north of the city of Durango and accessed via a paved highway, consists of approximately eight mineral concessions covering 79.6 hectares. The San Lucas project consists of a series of northeast trending mineralized shear zones in volcanic and sedimentary rocks. |
| Financial Overview |
| For the three months ended 29 February 2024, Monarca Minerals Inc revenues was not reported. Net loss increased 18% to C$215K. Higher net loss reflects (Loss) on foreign exchange decrease from C$48K (income) to C$18K (expense), Interest and bank charges increase of 22% to C$89K (expense), Accounting and legal increase of 13% to C$47K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2.26M as of Feb 29, 2024 |
| Annual revenue (TTM): | $0.00M as of Feb 29, 2024 |
| EBITDA (TTM): | -$0.60M as of Feb 29, 2024 |
| Net annual income (TTM): | -$0.95M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$0.05M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $1.32M as of Feb 29, 2024 |
| Shares outstanding: | 126,554,606 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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