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Western Exploration Inc. (V:WEX)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 121 Woodland Ave Ste 140
RENO NV 89523
Tel: N/A
IR: See website
Key People
Darcy E. Marud
Chief Executive Officer, Director
Curtis K. Turner
Chief Financial Officer
Business Overview
Western Exploration Inc. is focused on gold and silver discoveries in Northern Nevada. The Company is engaged in the business of exploration, acquisition, development, and mining of precious metals and other mineral deposits in the State of Nevada. The Company's principal asset is the 100% owned Aura gold-silver project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada, and including three gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. The Aura project consists of 709 unpatented lode mining claims, totaling 12,848 acres, and mineral leases on 2,296 acres of fee land in nine different parcels. Doby George is a near-surface oxide deposit. The deposit is located approximately 130 kilometers north of Elko, a top mining jurisdiction in the world. Gravel Creek is a high-grade underground sulphide deposit. Wood Gulch is a past-producing, near-surface, oxide deposit.
Financial Overview
For the three months ended 31 March 2024, Western Exploration Inc revenues was not reported. Net loss decreased 20% to $574K. Lower net loss reflects Share-based compensation decrease of 66% to $64K (expense), Exploration and evaluation expenditures decrease of 30% to $118K (expense), Depreciation decrease of 46% to $2K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.02.
Reporting Currency: U.S. Dollars
Enterprise value: $40.02M as of Mar 31, 2024
Annual revenue (TTM): $0.00M as of Mar 31, 2024
EBITDA (TTM): -$6.00M as of Mar 31, 2024
Net annual income (TTM): -$6.00M as of Mar 31, 2024
Free cash flow (TTM): -$5.11M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 43,797,246 as of Apr 19, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization