Southstone Minerals Limited (V:SML)
Business Focus: Diamond Mining
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 2751 Graham Street VICTORIA BC V8T 3Z1 |
| Tel: | N/A |
| Website: | https://southstoneminerals.com |
| IR: | See website |
| Key People | ||
| Terry L. Tucker Executive Chair of the Board | Samer Khalaf Chief Executive Officer, Director | Simon Van Der Loo Chief Financial Officer | Donna M. Moroney Corporate Secretary, Director |
| Business Overview |
| Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower Orange River. Oena, a producing alluvial diamond property, is located within an alluvial diamond mining province about 50 km upstream of Namdeb's Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and about 15 km and 60 km upstream of Trans Hex's Reuning and Baken alluvial diamond mines. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited, and GAH Mining (Pty) Ltd. |
| Financial Overview |
| For the six months ended 29 February 2024, Southstone Minerals Ltd revenues decreased 37% to C$631K. Net loss applicable to common stockholders increased 37% to C$133K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Office and general increase of 39% to C$53K (expense), Finance income (loss) increase from C$7K to C$17K (expense). |
| Employees: | 1 as of Aug 31, 2011 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.03M as of Feb 29, 2024 |
| Annual revenue (TTM): | $0.92M as of Feb 29, 2024 |
| EBITDA (TTM): | -$0.26M as of Feb 29, 2024 |
| Net annual income (TTM): | -$0.23M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$0.10M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $0.73M as of Feb 29, 2024 |
| Shares outstanding: | 33,401,888 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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