Akwaaba Mining Ltd. (V:AML)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | #2411 Bennie Place. PORT COQUITLAM BC V3B 7W5 |
| Tel: | N/A |
| Website: | https://castlepeakmining.com |
| IR: | See website |
| Key People | ||
| Allan Green Chairman of the Board, Chief Executive Officer | Iyad Jarbou Chief Financial Officer, Corporate Secretary | |
| Business Overview |
| Akwaaba Mining Ltd is a Canada-based exploration company. The Company is engaged in the business of exploration and evaluation of mineral properties in Ghana, Africa. The Company's Akorade project is located in southwest Ghana, in the southern portion of the Ashanti gold belt. This land package encompasses approximately 225 square kilometers, lying within 50 kilometers of five producers accounting for nearly 50 million ounces in gold reserves and resources. The Company has an initial discovery, the Apankrah Deposit, an inferred mineral resource estimate of 275,000 tons at 8.6 gold per ton (g/t Au) for a total of 76,000 contained ounces. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Akwaaba Mining Ltd revenues was not reported. Net loss increased 22% to C$206K. Higher net loss reflects Transfer agent and filing fees increase from C$15K to C$39K (expense), Professional fees increase of 59% to C$55K (expense), Other income decrease from C$20K (income) to C$0K. Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.71M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.20M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.21M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.40M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.20M as of Dec 31, 2023 |
| Shares outstanding: | 10,459,375 as of Mar 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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