Ridgestone Mining Inc. (V:RMI)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 905 West Pender Street, Suite 503 VANCOUVER BC V6C 1L6 |
| Tel: | N/A |
| Website: | https://ridgestonemining.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Ridgestone Mining Inc. is a Canadian exploration company. The Company's principal business is to acquire, explore and develop mineral properties. The Company's projects include Rebeico Copper-Gold and Guadalupe y Calvo Gold-Silver. The Rebeico gold-copper project comprises 16 concessions totaling 3,459 hectares (ha) on private land located in central Sonora, Mexico. The property is located approximately 115 kilometers (km) east of the city of Hermosillo which offers support for mining operations throughout Sonora. The property is accessible via Sonora State Highway 20 and a network of all-weather roads. Grid electrical power lines are within 6.5 km of the property. The Guadalupe y Calvo (GyC) Property is located in the municipality of Guadalupe y Calvo, in the southwest region of the northern state of Chihuahua, Mexico, approximately 300km in a straight line from the state capital, Chihuahua City. The project comprises 10 mineral concessions covering 2,750 ha. |
| Financial Overview |
| For the nine months ended 30 September 2023, Ridgestone Mining Inc revenues was not reported. Net loss increased from C$329K to C$882K. Higher net loss reflects Interest expense increase from C$0K to C$36K (expense), Foreign exchange loss (gain) increase from C$4K to C$9K (expense), General and administrative increase of 22% to C$16K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.06 to -C$0.17. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.45M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.43M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.08M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.34M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $0.32M as of Sep 30, 2023 |
| Shares outstanding: | 15,301,236 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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