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Quebec Precious Metals Corporation (V:QPM)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1080, Cote du Beaver Hall, Bureau 2101
MONTREAL QC H2Z 1S8
Tel: N/A
Website: https://www.qpmcorp.ca/en
IR: See website
Key People
Normand Champigny
Chief Executive Officer, Director
Robert P. Boisjoli
Chief Financial Officer, Corporate Secretary
 
Business Overview
Quebec Precious Metals Corporation is a Canada-based gold explorer with a land position in the prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's Eleonore gold mine. The Company's flagship project is the Sakami project with significant grades and drill-ready targets. The Sakami project is located in the Eeyou Istchee James Bay territory of northern Quebec. The project consists of approximately 281 claims covering a total area of 143 square kilometers. Its 100% owned Elmer East project is located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc. The project has gold potential totaling about 929 claims (488.4 square kilometers) and includes the adjacent Annabelle block, and the Opinaca Gold West block. Its 100% owned Cheechoo-Eleonore Trend project comprises about 128 claims (66.4 square kilometers) and is adjacent to the northwest to the Company's Sakami project. It also owns various non-core assets.
Financial Overview
For the nine months ended 31 October 2023, Quebec Precious Metals Corporation revenues was not reported. Net loss increased 39% to C$1.7M. Higher net loss reflects Gain on disposal of property, plant and decrease from C$1M (income) to C$0K, Share-based compensation increase from C$34K to C$171K (expense), Business development and investor relati increase of 71% to C$215K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $4.31M as of Oct 31, 2023
Annual revenue (TTM): $0.00M as of Oct 31, 2023
EBITDA (TTM): -$1.86M as of Oct 31, 2023
Net annual income (TTM): -$0.74M as of Oct 31, 2023
Free cash flow (TTM): -$1.37M as of Oct 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 94,692,135 as of Dec 21, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization