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Torq Resources Inc. (V:TORQ)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 1630-1177 West Hastings Street
Tel: N/A
IR: See website
Key People
Shawn Kristen Wallace
Chairman of the Board, Chief Executive Officer
Elizabeth Senez
Chief Financial Officer
Waldo Cuadra
General Manager, Chile
Michael J. Henrichsen
Chief Geological Officer
Business Overview
Torq Resources Inc. is a Canada-based copper and gold exploration company with a portfolio of holdings in Chile. Its projects include Santa Cecilia, Margarita and Andrea. The Santa Cecilia project is located approximately 100 kilometers (km) east of the city of Copiapo, Chile, in the southern region of the Maricunga belt and immediately north of the El Indio belt. The property covers over 3,250 hectares (ha) and is immediately adjacent to the Norte Abierto project. The Margarita Iron-Oxide-Copper-Gold (IOCG) project is situated in Chile, over 65 km north of the city of Copiapo. The Margarita project is comprised of approximately 1,245 ha. The Andrea copper porphyry project is situated in northern Chile, over 100 km east of the city of La Serena. The property is located at the western margin of the Miocene aged El Indio belt that hosts the El Indio and Pascua Lama epithermal gold and silver deposits. The Andrea project covers over 1,200 ha at elevations ranging from 3900-4900 meters.
Financial Overview
For the six months ended 30 June 2023, Torq Resources Inc revenues was not reported. Net loss increased from C$5.2M to C$11.2M. Higher net loss reflects Acquisition , exploration and development of mineral proprti segment loss increase from C$2.6M to C$11M. Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.06 to -C$0.11.
Reporting Currency: Canadian Dollars
Enterprise value: $17.09M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$17.39M as of Sep 30, 2023
Net annual income (TTM): -$17.81M as of Sep 30, 2023
Free cash flow (TTM): -$16.35M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 110,368,130 as of Jun 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization