Group Eleven Resources Corp. (V:ZNG)
Business Focus: Zinc Ore Mining
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | Suite 2200 - 885 West Georgia VANCOUVER BC V6C 3E8 |
| Tel: | N/A |
| Website: | www.groupelevenresources.com |
| IR: | See website |
| Key People | ||
| Bart Jaworski Chief Executive Officer, Director | Jeannine Webb Chief Financial Officer | David Andrew Furlong Chief Operating Officer |
| Business Overview |
| Group Eleven Resources Corp. is a mineral exploration company. It is engaged in the exploration and evaluation of mineral properties. It is focused on advanced stage zinc exploration in Ireland. It operates four projects, which includes one PG West, two Stonepark, three Ballinalack and four Silvermines. The PG West Project, including the Tullacondra Project to the south is located in southwest Ireland. The project consists of 22 prospecting licenses (PLs) totaling over 650 square kilometers. The Stonepark Project is located in southwestern Ireland consisting of six prospecting licenses covering an area of 184 square kilometers. The Ballinalack Project consists of five prospecting licenses covering over 170 square kilometers and is located in north-central Ireland, approximately 50 kilometers west from the producing Tara (Navan) Zinc-Lead Mine. The Silvermines Project is located in western Ireland. The project area consists of two prospective licenses covering 43 square kilometers. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Group Eleven Resources Corp revenues was not reported. Net loss increased 3% to C$2.5M. Higher net loss reflects Marketing and investor relations increase of 95% to C$143K (expense), Professional fees increase of 37% to C$234K (expense), Salaries and benefits increase of 5% to C$549K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01. |
| Employees: | 27 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $29.70M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.59M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.49M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.13M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 200,434,818 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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