Moneta Porcupine Mines Inc. (T:ME*CA)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 65 Third Avenue
TIMMINS ON P4N 1C2
Tel: N/A
Website: www.monetaporcupine.com
IR: See website
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Key People
Ian C. Peres
President, Chief Financial Officer, Director
Gary Vincent O'Connor
Chief Executive Officer and Chief Geologist, Director
 
Business Overview
Moneta Porcupine Mines Inc. (Moneta) is a mineral resource exploration and development company. The Company is engaged in the business of exploring mineral resources and acquiring mineral exploration properties through staking, joint ventures and purchases. Moneta has interests in over 962 claim units each approximately 16 hectares in area (total area approximately 15,700 hectares) in the form of mining patents, leases and staked claims. Moneta holds an interest in approximately five core gold projects located on or along the Destor Porcupine Fault Zone (Destor), a mineralized structure in the Abitibi Greenstone belt in Ontario. The Company's primary gold exploration and resource development focus is the Golden Highway Project (Golden Highway), which contains a contiguous land package of approximately 689 claim units or approximately 11,000 hectares. Moneta's additional property interests include a base metal portfolio, with some properties containing nickel-copper and copper zones.
Financial Overview
For the six months ended 30 June 2020, Moneta Porcupine Mines Inc. revenues was not reported. Net loss decreased 3% to C$1.3M. Lower net loss reflects Share based compensation decrease of 87% to C$6K (expense), Other Income increase of 64% to C$66K (income), Wages and benefits decrease of 8% to C$97K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $50.80M as of Jun 30, 2020
Annual revenue (TTM): $0.00M as of Jun 30, 2020
EBITDA (TTM): -$4.75M as of Jun 30, 2020
Net annual income (TTM): -$3.31M as of Jun 30, 2020
Free cash flow (TTM): -$4.83M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 346,969,630 as of Jul 29, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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