Magna Mining Inc. (V:NICU)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 1300 Kelly Lake Road SUDBURY ON P3E 5P4 |
| Tel: | N/A |
| Website: | https://magnamining.com |
| IR: | See website |
| Key People | ||
| Jason David Jessup Chief Executive Officer, Director | Derrick H. Weyrauch Chief Financial Officer, Director | Paul Fowler Senior Vice President, Corporate Secretary |
| Business Overview |
| Magna Mining Inc. is an exploration and development company. It is focused on nickel, copper, and platinum group minerals (PGM) projects in the Sudbury Region of Ontario, Canada. Its projects include Shakespeare project, Crean Hill Project, P-4 project, and the Shining Tree Project. The Shakespeare Project is comprised of approximately 29 patented claims, 3 leased claims and 787 mining claims within Dunlop, Porter, Shakespeare, Hyman and Baldwin Townships, and covers an area of 18,074.94 ha. The Crean Hill Project is located in Denison Township within the City of Greater Sudbury, Ontario, Canada, approximately 30km southwest of downtown Sudbury. The Crean Hill Property consists of approximately 255.9 hectares. The Shining Tree Nickel Project is located in Fawcett Township, 110 km north of Sudbury, Ontario and consists of certain claims covering an area of approximately 1,600 acres. The P-4 Project is located in Porter Township, approximately 5 km North East of the Shakespeare Mine. |
| Financial Overview |
| For the nine months ended 30 September 2023, Magna Mining Inc revenues was not reported. Net loss increased from C$3.6M to C$7.2M. Higher net loss reflects exploration and development segment loss increase from C$1.2M to C$7.1M. Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.05. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $121.69M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$28.16M as of Sep 30, 2023 |
| Net annual income (TTM): | -$25.64M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$24.03M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 163,379,860 as of Dec 7, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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