Minera Alamos Inc. (V:MAI*CA)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 55 York Street, Suite 402 TORONTO ON M5J 1R7 |
| Tel: | 1-289-2423599 |
| Website: | https://mineraalamos.com |
| IR: | See website |
| Key People | ||
| Douglas Ramshaw President, Director | Darren M. Koningen Chief Executive Officer, Director | Janet O'donnell Chief Financial Officer | Federico Alvarez Paez Chief Operating Officer |
| Business Overview |
| Minera Alamos Inc. is a Canada-based gold production and development company. The Company is engaged in the acquisition, exploration and development of mineral properties located in Mexico. It has a portfolio of Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora. The Santana Property consists of nine mining claims and covers approximately 3,100 hectares and is located over 200 kilometers east-southeast of Hermosillo, Sonora, Mexico. Additionally, the Company holds a 100% interest in two contiguous mining concessions that cover over 350 hectares, referred to as Santa Lucia and Hilda 35 Fraccion 1. The 6,500-ha Cerro de Oro gold project is located in northern Zacatecas State, Mexico, and is accessible by paved highway. Cerro de Oro project comprises the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico. The 6,200-ha La Fortuna project is in Durango State, Mexico. It also holds a 100% interest in a Los Verdes property. |
| Financial Overview |
| For the nine months ended 30 September 2023, Minera Alamos Inc revenues decreased 46% to C$11.7M. Net loss applicable to common stockholders totaled C$2.4M vs. income of C$6.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Exploration/Dry Hole Exp(Incl Write Off) increase of 83% to C$3.8M (expense), Share-based compensation increase of 67% to C$1.5M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $122.08M as of Sep 30, 2023 |
| Annual revenue (TTM): | $11.86M as of Sep 30, 2023 |
| EBITDA (TTM): | -$10.29M as of Sep 30, 2023 |
| Net annual income (TTM): | -$3.59M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$11.34M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 461,883,853 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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