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Telson Mining Corporation (V:TSN)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 1111 Melville St Suite 1000
Tel: N/A
IR: See website
Key People
Ralph E. Shearing
President, Director
Jose Antonio Berlanga Balderas
Chief Executive Officer, Director
Omar Garcia Abrego
Chief Financial Officer
Enrique Margalef Vergara
Vice President - Corporate Development, Director
Business Overview
Telson Mining Corp, formerly Telson Resources Inc. (Telson), is a Canada-based company, which is engaged in the acquisition and exploration of mineral resource properties. The Company, through its Mexican subsidiaries, has an interest in mineral exploration properties in the Tahuehueto Project. The Tahuehueto Project is located in the mining district of northwestern Durango State. The Tahuehueto Project has an area of approximately 7,490 hectares, and covers over 10 known mineralized zones hosted within a structurally controlled epithermal system that is traced for over six kilometers. The Tahuehueto Project lies within the prolific Sierra Madre mineral belt. Telson has completed over 49,000 meters of drilling in approximately 250 drill holes at Tahuehueto Project to define priority zones occurring within a district-scale epithermal system. Its subsidiaries include Samarkand de Mexico S.A. de C.V. (Samarkand), Sierra Soleada S.A. de C.V. (Sierra) and Real de la Bufa S.A. de C.V.
Financial Overview
For the nine months ended 30 September 2019, Telson Mining Corp revenues increased 10% to C$19.5M. Net loss increased 51% to C$5.2M. Revenues reflect Gross sales increase of 39% to C$29.4M. Higher net loss reflects Foreign exchange (gain) loss increase from C$4.1M (income) to C$147K (expense), Consulting fees, wages and benefits increase from C$1.4M to C$4.4M (expense), Office, rent and administration increase from C$569K to C$1.6M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $50.68M as of Sep 30, 2019
Annual revenue (TTM): $34.22M as of Sep 30, 2019
EBITDA (TTM): -$2.56M as of Sep 30, 2019
Net annual income (TTM): -$8.00M as of Sep 30, 2019
Free cash flow (TTM): -$0.30M as of Sep 30, 2019
Net Debt Last Fiscal Year: $33.39M as of Sep 30, 2019
Shares outstanding: 159,037,594 as of Feb 14, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization