Minco Silver Corporation (T:MSV)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 2060 1055 West Georgia Street; PO Box 11176 VANCOUVER BC V6E 3P3 |
| Tel: | N/A |
| Website: | www.mincosilver.ca |
| IR: | See website |
| Key People | ||
| Ken Z. Cai Chairman of the Board, President, Chief Executive Officer | Renee Lin Chief Financial Officer | |
| Business Overview |
| Minco Silver Corporation is a Canada-based silver mining company focused on the acquisition and development of silver properties. The Company's Fuwan Silver Project is located in Gaoming Country approximately 45 kilometers (km) southwest of Guangzhou City, the capital of Guangdong Province. The property is adjacent to Minco Gold Corporation's Changkeng Gold Property. The Company holds three exploration permits, totaling approximately 125.74 square kilometers (km2). The first, the Luoke-Jilinggang, is approximately 57.16 km2 in size and is held by Foshan Minco, while the other two permits, the Guyegang permit totaling 55.88 km2 and the Hecun permit totaling 12.7 km2, are held by Minco China in trust for Foshan Minco. Its subsidiaries include Minco Investment Holding HK Ltd., Minco Resource Limited, Guangdong Changfu Mining Co. Ltd., Minco Mining (China) Co. Ltd., Tibet Minco Mining Co. Ltd. and Mingzhong Mining Co. Ltd. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Minco Silver Corp revenues was not reported. Net loss totaled C$4M vs. income of C$3.1M. Net loss reflects G/L on Invest HFS, Maturity & Tr decrease of 85% to C$172K (income), Foreign Exchange Gain/Loss'€“Non-Business decrease from C$332K (income) to C$96K (expense), Interest and dividend income decrease of 21% to C$1.4M (income). |
| Employees: | 10 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.57M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.76M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 61,025,083 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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