Silver Bear Resources Plc (T:SBR)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 120 Adelaide Street East, Suite 2500 TORONTO ON M5H 1T1 |
| Tel: | 7-985-8668877 |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Vadim Ilchuk Chairman of the Board, President, Chief Executive Officer, Director | Alexey Sotskov Deputy Chief Executive Officer, Director | Mikhail Ilyin Chief Financial Officer, Corporate Secretary |
| Business Overview |
| Silver Bear Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration, evaluation, and development of precious metal properties. The Company's segments are based on geographical location being the property in the Russian Federation (Mangazeisky). The Company is focused on the development of its wholly owned Mangazeisky Silver Project, covering a license area of approximately 570 square kilometer (km2) that includes the high-grade Vertikalny deposit, located 400 kilometers north of Yakutsk in the Republic of Sakha within the Russian Federation. The Company's wholly owned subsidiaries are Silver Bear Holdings Limited and ZAO Prognoz. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Silver Bear Resources Inc revenues decreased 56% to C$17.2M. Net loss increased 44% to C$68.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Foreign exchange (loss) /gain increase from C$11M (income) to C$49.1M (expense), Interest accrued from prepayments increase from C$0K to C$78K (expense). |
| Employees: | 116 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $295.71M as of Dec 31, 2023 |
| Annual revenue (TTM): | $17.17M as of Dec 31, 2023 |
| EBITDA (TTM): | $3.86M as of Dec 31, 2023 |
| Net annual income (TTM): | -$68.25M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$16.54M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $261.27M as of Dec 31, 2023 |
| Shares outstanding: | 678,329,611 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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