Glen Eagle Resources Inc. (V:GER*CA)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 2075 Victoria Street, Suite #201, ST-LAMBERT QC J4S 1H1 |
| Tel: | N/A |
| Website: | https://gleneagleresources.ca |
| IR: | See website |
| Key People | ||
| Jean Labrecque President, Chief Executive Officer, Director | Daniel Belisle Chief Financial Officer | |
| Business Overview |
| Glen Eagle Resources Inc. is a Canada-based small producer and an exploration company of precious metals in Canada and the Central America area. The Company is engaged in the acquisition, the exploration and the evaluation of mining properties. The Company operates in two segments, which are the exploration and evaluation of mineral properties in Canada and recovery of gold and silver from tailings and rocks in Honduras. Its phosphate property (Moose Lake) is located in the St-Jean Lake area (Quebec), approximately 150 kilometers (km) south of Lisette Lake. Its La Cobra property is composed of one claim covering about 775 hectares (ha) and located in the Valle Department, Honduras. Its Piedra Dorada and La Moloncasa properties are located about 164 km south of the capital city of Tegucigalpa in Honduras. The properties are located 17 km to the east of Choluteca where Glen Eagle operates gold mill. The Piedra Dorada and La Moloncasa properties cover an area of about 1,000 ha and 400 ha. |
| Financial Overview |
| For the nine months ended 30 September 2023, Glen Eagle Resources Inc revenues decreased 85% to C$96K. Net loss increased from C$932K to C$2M. Revenues reflect Gold & silver decrease of 86% to C$92K. Higher net loss reflects Gain on disposal of exploration and eval decrease from C$2.3M (income) to C$0K, Interest expense increase from C$84K to C$211K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Employees: | 5 as of Dec 31, 2002 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $0.90M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.35M as of Sep 30, 2023 |
| EBITDA (TTM): | -$1.80M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.87M as of Sep 30, 2023 |
| Free cash flow (TTM): | $0.54M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $0.42M as of Sep 30, 2023 |
| Shares outstanding: | 143,081,985 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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