Solaris Resources Inc. (T:SLS)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 999 Canada Place, Suite 555 VANCOUVER BC V6C 3E1 |
| Tel: | 1-416-3665678 |
| Website: | https://www.solarisresources.com |
| IR: | See website |
| Key People | ||
| Richard W. Warke Executive Chairman of the Board | Daniel Earle President, Chief Executive Officer, Director | Sunny Lowe Chief Financial Officer |
| Federico Guillermo Velasquez President, Latin America | Purni Parikh Senior Vice President, Corporate Affairs, Corporate Secretary | Jacqueline Wagenaar Vice President of Investor Relations |
| Jorge Fierro Vice President - Exploration | Tom Ladner Vice President - Legal | Chad Wolahan Vice President - Projects |
| Business Overview |
| Solaris Resources Inc. is a Canada-based multi-asset exploration company that is engaged in advancing a portfolio of copper and gold assets in the Americas. Its Warintza property is a porphyry copper-molybdenum-gold project located in southeastern Ecuador in the province of Morona Santiago. It includes nine metallic mineral concessions covering 26,777 hectares (ha). The Ricardo property is an exploration porphyry copper prospect located near Calama, Chile in the Calama Mining District. Its claim block covers approximately 16,000 ha. The Tamarugo property is a grass-roots copper porphyry target located in northern Chile approximately 85 kilometers northeast of Copiapo. Its claim blocks cover a total of approximately 12,300 ha. The Capricho project is a 4,200-ha copper-molybdenum-gold property. The Paco Orco project is a 4,400-ha lead, zinc and silver property. The La Verde property is situated in the Sierra Madre del Sur west of Mexico City, including the Unificacion Santa Maria claim. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Solaris Resources Inc revenues was not reported. Net loss decreased 30% to $41M. Lower net loss reflects Exploration expenses - Balancing value decrease of 41% to $30M (expense), Finance income - Balancing value increase of 34% to $526K (income), Salaries and benefits decrease of 4% to $2.3M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.52 to -$0.29. |
| Employees: | 60 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $668.49M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$54.98M as of Dec 31, 2023 |
| Net annual income (TTM): | -$56.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$52.46M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 150,815,361 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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