Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 20 Adelaide St. East Suite 915 TORONTO ON M5C 2T6 |
Tel: | N/A |
Website: | https://www.magnaterraminerals.com |
IR: | See website |
Key People | ||
Lewis Victor Lawrick President, Chief Executive Officer, Director | Bill Francis Chief Financial Officer |
Business Overview |
Magna Terra Minerals Inc. is a Canada-based precious metals focused exploration company. The Company owns two district scale, resource stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. The Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina, which includes its precious metals discovery on its Luna Roja Project, as well as a portfolio of district scale drill ready projects available for option or joint venture. Its projects include Great Northern, Cape Spencer, Hawkins Love, Luna Roja, Piedra Negra, Cerro Covadonga, El Meridiano, Gertrudis and others. The Great Northern Project is an exploration-stage property with a significant resource base, drill ready targets and potential for near-term resource expansion. The Piedra Negra Project is located approximately 40 Kilometers North of Cerro Vanguardia gold mine in the center of the Deseado Massif of Santa Cruz Province. |
Financial Overview |
For the three months ended 30 November 2023, Magna Terra Minerals Inc revenues was not reported. Net loss decreased 51% to C$169K. Lower net loss reflects Exploration expenditures decrease of 73% to C$60K (expense), (Gain) loss on short-term investments decrease from C$28K (expense) to C$7K (income), General and administrative - Balancing decrease of 30% to C$33K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $3.24M as of Nov 30, 2023 |
Annual revenue (TTM): | $0.00M as of Nov 30, 2023 |
EBITDA (TTM): | -$0.82M as of Nov 30, 2023 |
Net annual income (TTM): | -$0.79M as of Nov 30, 2023 |
Free cash flow (TTM): | -$0.35M as of Nov 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 83,117,865 as of Nov 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |