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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 fiscal year ended 31 December 2019, Wallbridge Mining Company Ltd revenues was not reported. Net loss increased 17% to C$3.2M. Higher net loss reflects Provision for closure plan costs increase from C$285K to C$1.9M (expense), Realized gains on derivative contracts decrease of 87% to C$115K (income), General and administrative expenses increase of 36% to C$2.3M (expense).
Employees: 3,308 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $231.42M as of Dec 31, 2019
Annual revenue (TTM): $0.00M as of Dec 31, 2019
EBITDA (TTM): -$2.43M as of Dec 31, 2019
Net annual income (TTM): -$3.16M as of Dec 31, 2019
Free cash flow (TTM): -$35.93M as of Dec 31, 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