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Summa Silver Corp. (V:SSVR)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 918-1030 West Georgia St.
Tel: N/A
IR: See website
Key People
Galen Mcnamara
Chief Executive Officer, Director
Martin Bajic
Chief Financial Officer, Director
Business Overview
Summa Silver Corp. is a Canada-based junior mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation activities at the Hughes property in Nevada and the Mogollon property in New Mexico. The Company owns a 100% interest in the Hughes project located in central Nevada. The Hughes Property is located in central Nevada and consists of approximately 57 patented mining claims and 103 unpatented mining claims. It covers an area of approximately 5,504 acres. The Company also holds a 100% interest in the Mogollon project located in southwestern New Mexico. The Mogollon project is located approximately 120 kilometers from Silver City in southwestern New Mexico. It covers a silver-gold bearing epithermal vein field.
Financial Overview
For the three months ended 30 November 2023, Summa Silver Corp revenues was not reported. Net loss decreased 1% to C$540K. Lower net loss reflects General and administrative costs decrease of 47% to C$69K (expense), Shareholder information and marketing decrease of 51% to C$46K (expense), Stock-based compensation decrease of 14% to C$105K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $26.12M as of Nov 30, 2023
Annual revenue (TTM): $0.00M as of Nov 30, 2023
EBITDA (TTM): -$3.04M as of Nov 30, 2023
Net annual income (TTM): -$2.83M as of Nov 30, 2023
Free cash flow (TTM): -$9.46M as of Nov 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 104,761,584 as of Dec 29, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization