Pasinex Resources Limited (C:PSE)
Business Focus: Zinc Ore Mining
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 82 Richmond Street East TORONTO ON M5C 1P1 |
| Tel: | N/A |
| Website: | https://pasinex.com |
| IR: | See website |
| Key People | ||
| Andrew Gottwald Chief Financial Officer | Soner Koldas General Manager of Pasinex AS | |
| Business Overview |
| Pasinex Resources Limited is a Canada-based mining company. The Company owns 50% of Horzum Maden Arama ve Isletme Anonim Sirketi (Horzum AS), through its wholly owned subsidiary Pasinex Arama ve Madencilik Anonim Sirketi (Pasinex Arama). Horzum AS holds 100% of the producing Pinargozu high-grade zinc mine. Horzum AS sells directly to zinc smelters and or refiners through commodity brokers from its mine site in Turkiye. It also holds a 51% interest, with an option to increase to an 80% interest of a high-grade zinc exploration project, the Gunman Project, located in Nevada. Pinargozu is located about 28 kilometers (km) north of Kozan, Turkiye in the eastern part of the Taurus Mountain range. The Gunman Project is centered on a high-grade zinc concentration near the Bald Mountain gold mine. Its Akkaya property is located 1.5 km north of the Pinargozu Mine on the Horzum Zinc Trend (HZT), a known northeast trending zinc mineralized belt of carbonate-dominated sedimentary rocks in Adana. |
| Financial Overview |
| For the nine months ended 30 September 2023, Pasinex Resources Ltd revenues was not reported. Net income decreased 82% to C$386K. Net income was partially offset by Dividend income decrease of 85% to C$626K (income), Other income decrease from C$1K (income) to C$171K (expense), Professional fees increase of 73% to C$320K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.76M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$2.54M as of Sep 30, 2023 |
| Net annual income (TTM): | $0.32M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.63M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $2.16M as of Sep 30, 2023 |
| Shares outstanding: | 144,554,370 as of Nov 8, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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