Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 1630-1177 West Hastings Street VANCOUVER BC V6E 2K5 |
Tel: | N/A |
Website: | https://www.torqresources.com |
IR: | See website |
Key People | ||
Shawn Kristen Wallace Chairman of the Board, Chief Executive Officer | Elizabeth Senez Chief Financial Officer | 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 fiscal year ended 31 December 2023, Torq Resources Inc revenues was not reported. Net loss increased 64% to C$19.2M. Higher net loss reflects Exploration and evaluation expenses increase of 84% to C$13.3M (expense), Selling/General/Admin Exp increase of 35% to C$2.8M (expense), Accretion expense increase from C$94K to C$318K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.13 to -C$0.18. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $16.22M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
EBITDA (TTM): | -$18.42M as of Dec 31, 2023 |
Net annual income (TTM): | -$19.21M as of Dec 31, 2023 |
Free cash flow (TTM): | -$17.57M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1.48M as of Dec 31, 2023 |
Shares outstanding: | 133,574,990 as of Feb 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |