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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: Suite 1000 - 1111 Melville Street
Tel: 1-604-6848071
IR: See website
Key People
Ralph E. Shearing
President, Chief Executive Officer, Director
Omar Garcia Abrego
Chief Financial Officer
Enrique Margalef Vergara
Vice President - Corporate Development, Director
Business Overview
Telson Mining Corporation (Telson) is a Canada-based mining company with two Mexican gold, silver, and base metal mining projects. The Company's projects include Tahuehueto project and Campo Morado Mine. Telson's Tahuehueto mining project is located in the north-western Durango State, Mexico. The Tahuehueto Project has an area of approximately 7,492-hectare property and covers around 12 mineralized zones hosted within a structurally controlled epithermal system that is traced for over six kilometers. Its Campo Morado Mine is an operating polymetallic base metal mine with mining and milling equipment producing approximately 2,150 tons per day. The Company's subsidiaries include Samarkand de Mexico S.A. de C.V. (Samarkand), Sierra Soleada S.A. de C.V. (Sierra), Real de la Bufa S.A. de C.V, Minas de Campo Morado, S.A. de C.V, Minas de Arcelia, S.A. de C.V., Grupo Minero HD, S.A. de C.V. and Prestadora de Servicios Arcelia, S.A. de C.V.
Financial Overview
For the fiscal year ended 31 December 2020, TelsonMining Corp revenues increased 12% to C$23.2M. Net lossdecreased 60% to C$11.6M. Revenues reflect Zinc -Production - Campo Morado increase of 77% to 28K metrictons, Gross sales increase of 43% to C$44.4M. Lower netloss reflects Impairment of assets decrease of 96% toC$876K (expense), Consulting fees, wages and benefitsdecrease of 65% to C$2M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $129.34M as of Dec 31, 2020
Annual revenue (TTM): $23.16M as of Dec 31, 2020
EBITDA (TTM): -$6.54M as of Dec 31, 2020
Net annual income (TTM): -$11.62M as of Dec 31, 2020
Free cash flow (TTM): -$5.67M as of Dec 31, 2020
Net Debt Last Fiscal Year: $39.26M as of Dec 31, 2020
Shares outstanding: 183,846,619 as of Mar 17, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization