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Silver Spruce Resources Inc. (V:SSE)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 115 Wimbledon Road
BEDFORD NS B4A 3X8
Tel: N/A
Website: https://silverspruceresources.com
IR: See website
Key People
Michael Kinley
President, Chief Executive Officer, Chief Financial Officer, Secretary, Director
J. Gregory Davison
Vice President - Exploration, Director
 
Business Overview
Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario. The Project is an advanced precious and base metal property located in the Thunder Bay Mining District, northern Ontario, Canada. The Project covers 11,236 hectares with volcanogenic massive sulphide (VMS) and Au targets located in east to southeast-striking, subvertical to moderately Archean metavolcanic quartz-sericite schists to coarse fragmental units. The Company intends to own 100% interest in the Mystery Au project in the Exploits Subzone Gold Belt, Newfoundland and Labrador; 100% interest in the Pino de Plata Ag project located 15 kilometers (kms) west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico; 50% interest in the Jackie Gold project, located 5 km south-southwest of the towns of Tepoca and Carrizal, and up to 50% interest in Diamante Au-Ag project located from 5 to 15 kms northwest from Nicho deposit in Sonora, Mexico.
Financial Overview
For the nine months ended 31 July 2024, Silver Spruce Resources Inc revenues was not reported. Net loss increased from C$247K to C$843K. Higher net loss reflects Exploration and evaluation expenditures increase from C$193K to C$439K (expense), Consulting fees increase from C$8K to C$229K (expense), Legal increase from C$2K to C$42K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.24M as of Jul 31, 2024
Annual revenue (TTM): $0.00M as of Jul 31, 2024
EBITDA (TTM): -$1.05M as of Jul 31, 2024
Net annual income (TTM): -$1.07M as of Jul 31, 2024
Free cash flow (TTM): -$0.90M as of Jul 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 324,047,832 as of Jan 16, 2025
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization