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Wallbridge Mining Company Limited (T:WM)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 129 Fielding Rd
Tel: N/A
IR: See website
Key People
Alar P Soever
Executive Chairman of the Board
Faramarz Kord
President, Chief Executive Officer, Director
Brian W. Penny
Chief Financial Officer
Joshua Bailey
Vice President - Exploration
Francois Alian Demers
Vice President - Mining and Projects
Business Overview
Wallbridge Mining Company Ltd is a Canada-based company engaged in discovery, development and production of gold, copper, nickel and platinum group metal (PGM) mineral deposits. The Company is focused on development of its Fenelon Gold Property (Fenelon Gold), located in northwestern Quebec. The area is proximal to the Sunday Lake Deformation Zone (SDLZ), which hosts the Detour Gold Mine in Ontario and Balmoral Resources' gold deposits at Martiniere. The Company also continues partner-funded exploration on its portfolio of nickel, copper, and PGM projects in Sudbury, Ontario. It also holds interest in Carube Copper Corp, which is focused on the exploration and development of copper and gold projects In Jamaica. In Canada, it holds a 100% interest in three porphyry copper-gold-molybdenum properties, within the Tertiary-aged Cascade Magmatic Arc in southwestern British Columbia.
Financial Overview
For the nine months ended 30 September 2019, Wallbridge Mining Company Ltd revenues was not reported. Net loss totaled C$2.5M vs. income of C$731K. Net loss reflects General and administrative expenses increase of 40% to C$1.6M (expense), Loss (gain) on dilution of equity intere decrease from C$308K (income) to C$0K, Amortization of property and equipment increase from C$27K to C$96K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $520.95M as of Sep 30, 2019
Annual revenue (TTM): $0.00M as of Sep 30, 2019
EBITDA (TTM): -$2.22M as of Sep 30, 2019
Net annual income (TTM): -$5.92M as of Sep 30, 2019
Free cash flow (TTM): -$42.70M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 586,997,997 as of Feb 4, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization