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Omai Gold Mines Corp. (V:OMG)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 82 Richmond Street East
Tel: N/A
IR: See website
Key People
Elaine Ellingham
President, Chief Executive Officer, Director
John Ross
Chief Financial Officer, Company Secretary
Business Overview
Omai Gold Mines Corp. is a Canada-based mineral exploration company. The Company, through its subsidiary, Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License covering approximately 4,590 acres (18.575 square kilometers), which includes the Omai gold mine. The Omai property is located in Guyana in South America. The Omai property includes the Fennell and Wenot pits, and Broccoli Hill (BH). The Fennell pit mined the upper portion of an irregularly shaped pluton referred to as the Omai Stock. The Wenot mine is a long and narrow pit, with the long axis approximately 1.8 kilometers in length by about 500 meters maximum width. The Company is exploring the East Wenot Extension and the BH target at the Omai property. BH is a conspicuous hill that sits less than 300 meters east of the Fennell pit and 300 meters north of the Wenot pit.
Financial Overview
For the three months ended 31 March 2022, Omai Gold Mines Corp revenues was not reported. Net loss decreased 36% to $1.1M. Lower net loss reflects Exploration and evaluation expenditures decrease of 45% to $555K (expense), Administrative costs - Balancing value decrease of 48% to $246K (expense), Accretion decrease from $70K (expense) to $0K.
Reporting Currency: U.S. Dollars
Enterprise value: $17.83M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$8.27M as of Mar 31, 2022
Net annual income (TTM): -$8.47M as of Mar 31, 2022
Free cash flow (TTM): -$7.31M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 293,444,932 as of May 16, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization