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Polymet Mining Corp. (T:POM)

Business Focus: Diversified Mining

This company is also listed in the United States as PLM on the AMEX. Click here to get the live US quote and see if there are any SEC insider filings..
Sector:  Basic Materials Industry:  Diversified Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 444 Cedar Street, Suite 2060
ST. PAUL MN 55101
Tel: 1-651-3894110
IR: See website
Key People
Jonathan Cherry
Chairman of the Board, President, Chief Executive Officer
Patrick Francis Keenan
Chief Financial Officer, Executive Vice President
Ryan Vogt
Corporate Controller
Andrew Ware
Chief Geologist
Business Overview
PolyMet Mining Corp. is a mine development company, which is engaged in mining copper, nickel and precious metals from the NorthMet ore body, using modern, responsible and sustainable practices. The Company owns 100% of the NorthMet Project. The NorthMet deposit is located in the Partridge River Intrusion of the Duluth Complex, a geological formation near the eastern end of the Mesabi Iron Range, which is an undeveloped accumulation of copper, nickel and platinum group metals. NorthMet is a disseminated sulfide deposit in heterogeneous troctolitic rocks associated with an approximately 1.1-billion-year-old Mid-continent Rift, and is rich with copper, nickel, cobalt, platinum, palladium, gold and silver. The majority of the metals are concentrated in, or associated with, four metallic minerals: chalcopyrite, cubanite, pentlandite and pyrrhotite. The NorthMet deposit is mined by open-pit methods to a depth of approximately 700 feet below the surface.
Financial Overview
For the six months ended 30 June 2022, Polymet Mining Corp revenues was not reported. Net loss increased from $8.8M to $18.3M. Higher net loss reflects Restricted deposit income decrease from $1.1M (income) to $2.5M (expense), IE on Capital Financing, Gross increase from $1.1M to $4.5M (expense), Other finance costs increase from $21K to $1.3M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.09 to -$0.18.
Employees: 21 as of Jan 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $511.07M as of Jun 30, 2022
Annual revenue (TTM): $0.00M as of Jun 30, 2022
EBITDA (TTM): -$14.78M as of Jun 30, 2022
Net annual income (TTM): -$33.23M as of Jun 30, 2022
Free cash flow (TTM): -$25.86M as of Jun 30, 2022
Net Debt Last Fiscal Year: $85.37M as of Jun 30, 2022
Shares outstanding: 101,471,132 as of Aug 5, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization