Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Treasury Metals Inc. (T:TML)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 15 Toronto Street, Suite 401
Tel: N/A
IR: See website
Key People
James Gowans
Chairman of the Board
Jeremy Lentz Wyeth
President, Chief Executive Officer, Director
Orin Baranowsky
Chief Financial Officer
Rachel Pineault
Vice President of Human Resources and Community Engagement
Steven Woolfenden
Vice President - Environment and Regulatory Affairs
Maura Kolb
Director, Exploration
Eben Visser
Director, Projects
Mark Wheeler
Director, Indigenous Affairs
Business Overview
Treasury Metals Inc. is a gold focused company with assets in Canada. The Company's projects include Goliath Gold, Goldlund Gold and Miller Gold. The Goliath Gold Project consists of the construction, operation, decommissioning, and remediation of an open-pit and underground gold mine and associated milling infrastructure including a tailings storage facility located approximately 20 kilometers (km) east of the City of Dryden, Ontario. The Goldlund Mine Project is a proposed open pit mine with no associated processing infrastructure and is located approximately 35 km southwest of Sioux Lookout. The Miller Mine Project is a proposed open pit mine with no associated processing infrastructure and is located approximately 25 km southwest of Sioux Lookout.
Financial Overview
For the nine months ended 30 September 2023, Treasury Metals Inc revenues was not reported. Net loss applicable to common stockholders decreased 31% to C$10.7M. Lower net loss reflects Exploration and evaluation decrease of 55% to C$5M (expense), Foreign exchange loss (gain) increase from C$1.3M (expense) to C$44K (income), Share-based payments decrease of 21% to C$1.1M (expense).
Employees: 27 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $25.51M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$25.09M as of Sep 30, 2023
Net annual income (TTM): -$26.82M as of Sep 30, 2023
Free cash flow (TTM): -$12.45M as of Sep 30, 2023
Net Debt Last Fiscal Year: $8.67M as of Sep 30, 2023
Shares outstanding: 148,628,899 as of Dec 6, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization