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Magna Mining Inc. (V:NICU)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 1300 Kelly Lake Road
Tel: N/A
IR: See website
Key People
Jason David Jessup
Chief Executive Officer, Director
Derrick H. Weyrauch
Chief Financial Officer, Director
Business Overview
Magna Mining Inc. is a Canada-based exploration and development company. The Company is focused on nickel, copper, and platinum group minerals (PGM) projects in the Sudbury Region of Ontario, Canada. The Company's projects include Shakespeare project, P-4 project, Shining Tree project and Denison project. Shakespeare project is a past producing Ni-Cu-PGM project located 70 Kilometers (km) south west of Sudbury. It has major permits for the construction of a 4500 ton per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180 square kilometers (km2) prospective land package. The P-4 Project is located in Porter Township, approximately 5 km North East (NE) of the Shakespeare Mine. The Shining Tree project is located 100km north of Sudbury, Ontario, and is within trucking distance of milling facilities. The Denison project is in the southwest corner of the Sudbury Basin, approximately 28 kms west-southwest of the town of Sudbury, Ontario.
Financial Overview
For the nine months ended 30 September 2022, Magna Mining Inc revenues was not reported. Net loss decreased 31% to C$3.6M. Lower net loss reflects Listing Costs decrease from C$1.3M (expense) to C$0K, Exploration and evaluation decrease of 22% to C$2.2M (expense), Share-based compensation decrease of 75% to C$96K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.13 to -C$0.05.
Reporting Currency: Canadian Dollars
Enterprise value: $143.53M as of Sep 30, 2022
Annual revenue (TTM): $0.00M as of Sep 30, 2022
EBITDA (TTM): -$4.98M as of Sep 30, 2022
Net annual income (TTM): -$4.79M as of Sep 30, 2022
Free cash flow (TTM): -$4.23M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 149,132,747 as of Jan 27, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization