Magellan Gold Corp (PK:MAGE)

Sector:  Basic Materials Industry:  Precious Metals & Minerals
 
See Regulatory Filings on SEC
Company Contact
Address: 602 Cedar Street, Suite 205
WALLACE ID 83873
Tel: N/A
Website: https://magellangoldcorp.com
IR: See website
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Key People
N/A    
Business Overview
Magellan Gold Corporation is an exploration-stage company. The Company is focused on the exploration and development of mineral projects in the Western United States. The Company's project includes Center Star Mine, which is located near Elk City, Idaho on the south side of the Clearwater River approximately 45 miles southeast of Grangeville, Idaho. The property consists of approximately 31 unpatented lode claims totaling approximately 620 acres. The Company has entered into a lease with option to purchase agreement for the Kris Project. The Kris Project is located 109 road miles northwest of Reno, Nevada in Plumas County, California. The Company also has entered into an agreement for the purchase of three copper-focused properties, two of which are in Idaho, and one in Arizona, which includes The Copper Cliff Property, The Blue Jacket Property and The Copper Butte Project.
Financial Overview
For the nine months ended 30 September 2023, Magellan Gold Corp revenues was not reported. Net loss decreased 58% to $260K. Lower net loss reflects Gain (Loss) on change in derivative liab decrease of 87% to $30K (expense), Interest expense decrease of 72% to $69K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.05 to -$0.01.
Reporting Currency: U.S. Dollars
Enterprise value: $4.69M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$0.23M as of Dec 31, 2023
Net annual income (TTM): -$1.46M as of Dec 31, 2023
Free cash flow (TTM): -$0.17M as of Dec 31, 2023
Net Debt Last Fiscal Year: $0.87M as of Dec 31, 2023
Shares outstanding: 25,827,072 as of Apr 17, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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