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Southern Empire Resources Corp. (V:SMP)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 420 - 789 West Pender Street
Vancouver BC V6C 1H2
Tel: N/A
IR: See website
Key People
Dale Wallster
President, Chief Executive Officer, Director
Andrew Davidson
Chief Financial Officer, Secretary
David Tupper
Vice President - Exploration
Business Overview
Southern Empire Resources Corp. is a Canada-based exploration-stage company. The Company is focused on the acquisition, exploration and evaluation of metal and mineral resource properties. Its exploration and development projects include the Pedro Gold Project, the VLM Project, the Oro Cruz Project and the Eastgate Gold Project. The Company holds a 75% interest in the Oro Cruz Project, which is located approximately 22.5 kilometers (km) southeast of the operating Mesquite gold mine of Equinox Gold Corp. The Company holds an 85% interest in the Eastgate Gold Project, located in Churchill County, Nevada. It holds a 100% beneficial interest in the Pedro Gold Project. The property is located in the Municipality of Mapimi in the Mexican state of Durango, approximately 80 km west-northwest of the city of Torreon. It also holds a 100% interest in the approximately 647 hectares (approximately 1,600 acres) VLM Project located in northwestern Mexico.
Financial Overview
For the three months ended 31 January 2023, Southern Empire Resources Corp revenues was not reported. Net loss decreased 66% to C$565K. Lower net loss reflects FV Adjustments of Financial Investments decrease of 50% to C$734K (expense), Realized gain on sale of marketable secu increase from C$25K to C$347K (income), Business and investor relations decrease of 55% to C$10K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.04M as of Jan 31, 2023
Annual revenue (TTM): $0.00M as of Jan 31, 2023
EBITDA (TTM): -$0.94M as of Jan 31, 2023
Net annual income (TTM): $0.37M as of Jan 31, 2023
Free cash flow (TTM): -$2.28M as of Jan 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 67,022,800 as of Mar 17, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization