AXMIN Inc. (V:AXM*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 1111 Alberni St Suite 2209 VANCOUVER BC V6E 4V2 |
| Tel: | N/A |
| Website: | www.axmininc.com |
| IR: | See website |
| Key People | ||
| Lucy Yan Chairman of the Board, Interim Chief Executive Officer, Interim Chief Financial Officer | Lifei Jiang Vice President - Operations | Jin Kuang Corporate Secretary |
| Business Overview |
| AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company's primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others. |
| Financial Overview |
| For the nine months ended 30 September 2023, AXMIN Inc revenues was not reported. Net loss decreased 19% to $391K. Lower net loss reflects Share-based compensation decrease of 57% to $37K (expense), Project costs decrease of 72% to $16K (expense), Director fees decrease of 18% to $48K (expense). |
| Employees: | 11 as of Dec 31, 2005 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2.36M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.67M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.74M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.09M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $0.11M as of Sep 30, 2023 |
| Shares outstanding: | 149,687,381 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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