Renforth Resources Inc. (C:RFR)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Unit 1B 955 Brock Road PICKERING ON L1W 2X9 |
| Tel: | 1-416-8181393 |
| Website: | https://renforthresources.com |
| IR: | See website |
| Key People | ||
| Nicole Brewster President, Chief Executive Officer, Director | Kyle Michael Appleby Chief Financial Officer | |
| Business Overview |
| Renforth Resources Inc. (Renforth) is a Canada-based company that is engaged in the acquisition, exploration and development of mineral properties in Canada. The Company owns approximately 330 square kilometers (km2) of Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a certain amount of unexplored ground. In addition to the Surimeau District battery metals property, Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. Renforth also holds Nixon-Bartleman Property, which is located in West Timmins Mining Area, in the western part of the Porcupine Mining Camp. The Company owns Malartic West Property, which is located west of Renforth's Parbec Property, contiguous to the Canadian Malartic Mine property. It also owns Bousquet property, which is located in the Quebec-Cadillac camp. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Renforth Resources Inc revenues was not reported. Net loss decreased 42% to C$2.1M. Lower net loss reflects Unrealized gain (loss) of marketable sec increase from C$1.1M (expense) to C$2.2M (income), Consulting services decrease of 50% to C$339K (expense), Share-based payments decrease from C$76K (expense) to C$0K. Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4.75M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.35M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.14M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.30M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 340,736,118 as of Jan 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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