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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
Norman Eyolfson
President, Chief Executive Officer, Chief Financial Officer, Director
Richard G. Buzbuzian
Treasurer, Secretary, Director
Business Overview
Magna Mining Inc. is a Canada-based base metal exploration and development company. The Company's projects include Shakespeare project, P-4 project and Shining Tree project. The P-4 project is located in Porter Township, approximately five kilometers NE of the Shakespeare Mine. It can be accessed by a trail from the Shakespeare Mine or by Agnew Lake on foot. The Shakespeare Project is a past producing nickel, copper and platinum group minerals (PGM) mineralization project located approximately 70 kilometers southwest of Sudbury. The Shining Tree project is located approximately 100 kilometers north of Sudbury, Ontario, and is within trucking distance of milling facilities.
Financial Overview
For the three months ended 31 March 2022, Magna Mining Inc revenues was not reported. Net loss totaled to C$1.4M. Results are not comparable due to year end change.
Reporting Currency: Canadian Dollars
Enterprise value: $21.27M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$6.59M as of Mar 31, 2022
Net annual income (TTM): -$7.73M as of Mar 31, 2022
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 71,753,906 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization