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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 Road
Tel: N/A
IR: See website
Key People
Alar P. Soever
Chairman of the Board
Faramarz Kord
President, Chief Executive Officer, Director
Brian W. Penny
Chief Financial Officer
Mary Montgomery
Vice President - Finance
Francois Alian Demers
Vice President - Mining and Projects
Attila Pentek
Vice President - Exploration
Sean D. Stokes
Corporate Secretary
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 six months ended 30 June 2020, WallbridgeMining Company Ltd revenues was not reported. Net lossincreased from C$275K to C$3.6M. Higher net loss reflectsGeneral and administrative expenses increase of 75% toC$1.9M (expense), Stock based compensation increase fromC$48K to C$611K (expense), Foreign exchange gain on bridgeloan decrease from C$253K (income) to C$0K. Basic Earningsper Share excluding Extraordinary Items totaled to -C$0.01.
Employees: 3,308 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $566.81M as of Jun 30, 2020
Annual revenue (TTM): $0.00M as of Jun 30, 2020
EBITDA (TTM): -$4.00M as of Jun 30, 2020
Net annual income (TTM): -$6.51M as of Jun 30, 2020
Free cash flow (TTM): -$34.65M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 788,627,499 as of Oct 19, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization