Rhyolite Resources Ltd. (V:RYE)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 620 - 1111 Melville Street VANCOUVER BC V7X 1J1 |
| Tel: | N/A |
| Website: | https://rhyoliteresources.com |
| IR: | See website |
| Key People | ||
| Richard A. Graham Chief Executive Officer, Director | Quinn Martin Chief Financial Officer | |
| Business Overview |
| Rhyolite Resources Ltd. is a Canada-based venture company. The Company's principal business includes the acquisition, exploration and development of mineral properties. The Company owns 40% of Prosperous Gold Resources Ltd. with the right to earn up to 80% interest. The Company is in the process of assessing alternative projects for investments. The Company's subsidiaries include 2777662 Ontario Ltd., 2765798 Ontario Ltd., Muckahi Inc. and SEMC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Rhyolite Resources Ltd revenues was not reported. Net loss before extraordinary items decreased 98% to C$360K. Lower net loss reflects Impairment of investment in joint ventur decrease from C$13.6M (expense) to C$0K, Salaries and benefits (recovery) decrease from C$3.2M (expense) to C$55K (income), Share of loss in joint ventures decrease from C$359K (expense) to C$0K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2.59M as of Mar 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Mar 31, 2024 |
| EBITDA (TTM): | -$0.46M as of Mar 31, 2024 |
| Net annual income (TTM): | -$0.36M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$2.27M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 107,185,253 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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