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Southern Empire Resources Corp. (V:SMP)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 420 - 789 West Pender Street
Vancouver BC V6C 1H2
Tel: N/A
Website: https://smp.gold
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 engaged in the acquisition, exploration and development of metals and minerals deposits in the American southwest and northern Mexico. It is particularly focused on those that are amenable to lower-cost metal extraction methodologies, such as heap leaching. The Company's metals and minerals exploration projects include the Pedro, Centauro and La Loma Gold Projects in Mexico, the VLM Project in Mexico, the Oro Cruz Project in California and the Eastgate Gold Project in Nevada, United States. In the Suaqui Grande area of Sonora, (approximately 140 kilometers southeast of Hermosillo) it also holds the Suaqui Verde Copper Oxide Project and VLM Property. The Pedro Gold Project is located in the Mapimi mineral district with approximately 1,788 hectares (ha). The VLM Project has approximately 647 ha, which is located in northwestern Mexico. The Company owns around 85% of the Eastgate Gold Project.
Financial Overview
For the three months ended 31 January 2024, Southern Empire Resources Corp revenues was not reported. Net loss decreased 66% to C$192K. Lower net loss reflects FV Adjustments of Financial Investments decrease of 98% to C$17K (expense), General and administration decrease of 69% to C$6K (expense), Transfer agent and listing fees decrease of 64% to C$2K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $5.51M as of Jan 31, 2024
Annual revenue (TTM): $0.00M as of Jan 31, 2024
EBITDA (TTM): -$0.94M as of Jan 31, 2024
Net annual income (TTM): -$3.60M as of Jan 31, 2024
Free cash flow (TTM): -$1.27M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 67,597,800 as of Feb 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization