Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 20 Fielding Ave DARTMOUTH NS B3B 1E1 |
Tel: | N/A |
Website: | https://www.zontemetals.com |
IR: | See website |
Key People | ||
Terry Christopher President, Chief Executive Officer, Director | Brian D. Maceachen Chief Financial Officer |
Business Overview |
Zonte Metals Inc. is a Canada-based junior mineral exploration company primarily focused on gold and copper. The Company's projects include Wings Point Gold Property, McConnell's Jest Project (MJ project) and Cross Hills Project (Cross Hills). The Cross Hills Project is located on the island portion of Newfoundland and Labrador, approximately 20 kilometers (km) from the town of Terrenceville and is comprised of approximately 605 claims covering approximately 15,125 hectares. The McConnell's Jest Project is located in the Yukon Territory about 65 km northeast of the town of Mayo and is comprised of approximately 172 contiguous quartz claims. It holds a 100% interest in the Wings Point Project located on the island portion of Newfoundland and Labrador, about 30 km north of Gander and at the northern end of the central Newfoundland gold belt. In Colombia, the Company also has a 25% carried interest in Project X where historical drilling intersected significant gold mineralization. |
Financial Overview |
For the nine months ended 31 October 2023, Zonte Metals Inc revenues was not reported. Net loss decreased 78% to C$69K. Lower net loss reflects Stock based compensation decrease from C$80K (expense) to C$0K, Management and consulting fees decrease of 37% to C$105K (expense), Interest Income increase from C$0K to C$20K (income). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $5.74M as of Oct 31, 2023 |
Annual revenue (TTM): | $0.00M as of Oct 31, 2023 |
EBITDA (TTM): | -$0.29M as of Oct 31, 2023 |
Net annual income (TTM): | -$0.57M as of Oct 31, 2023 |
Free cash flow (TTM): | -$0.64M as of Oct 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 72,224,961 as of Jan 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |