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Probe Metals Inc. (V:PRB)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 56 Temperance Street, Suite 1000
Tel: 1-416-7779467
IR: See website
Key People
David Alexander Palmer
President, Chief Executive Officer, Director
Patrick Langlois
Chief Financial Officer, Vice President - Corporate Development
Yves Dessureault
Chief Operating Officer
Marco Gagnon
Executive Vice President, Director
Business Overview
Probe Metals Inc. is a Canada-based gold exploration company. The Company is focused on the acquisition, exploration, and development of gold properties. Its projects include Val-d'Or East, Detour Quebec, Dubuisson, Timmins West, Casa Cameron, and Black Creek Chromite. The Val-d'Or East project consists of approximately 436 square kilometers (km) and is located in the province of Quebec. The Detour Quebec covers an area of approximately 777 square kilometers along the Detour Gold trend and is located approximately 190 km north of Rouyn-Noranda and 40 km northwest of the town of Matagami, Quebec. The Dubuisson property is located in Dubuisson Township, approximately seven km west of downtown Val-d'Or. The Timmins West project is located in the western part of the prolific Timmins gold camp approximately 19 km west of the town of Timmins. The Casa Cameron Project is located in the north of La Sarre, Amos and Lebel-sur-Quevillon, in the northwest region of the province of Quebec.
Financial Overview
For the six months ended 30 June 2022, Probe Metals Inc revenues was not reported. Net loss increased from C$4.3M to C$18.2M. Higher net loss reflects Exploration and evaluation expenditures increase from C$5M to C$16.1M (expense), Realized gain on sale of marketable secu decrease from C$2.9M (income) to C$0K, Premium on flow-through shares decrease of 37% to C$1.3M (income).
Employees: 16 as of Apr 30, 2013
Reporting Currency: Canadian Dollars
Enterprise value: $168.05M as of Jun 30, 2022
Annual revenue (TTM): $0.00M as of Jun 30, 2022
EBITDA (TTM): -$28.41M as of Jun 30, 2022
Net annual income (TTM): -$26.67M as of Jun 30, 2022
Free cash flow (TTM): -$23.97M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 151,412,679 as of Jul 4, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization