Palamina Corp. (V:PA)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 145 King Street West, Suite 2870 TORONTO ON M5H 1J8 |
| Tel: | N/A |
| Website: | https://www.palamina.com |
| IR: | See website |
| Key People | ||
| Andrew W. Thomson President, Chief Executive Officer, Director | Michael Farrant Chief Financial Officer | |
| Business Overview |
| Palamina Corp. is a Canada-based exploration stage company. The Company is focused on the exploration for economic mineral deposits in Peru through its wholly owned subsidiary, Palamina SAC (Palamina Peru), and to a lesser extent in Mexico through its wholly owned subsidiary, Palamina S.A. de C.V. (Palamina Mexico). The Company has participation in eight gold projects in south-eastern Peru hosted within the Puno Orogenic Gold Belt (POGB). Its projects include Usicayos Gold Project, Panorama Gold Project, Galena Silver Copper Project, Bendi Gold Project, Cori Gold Project, Yin Gold Project and Inca Gold Project. It is advancing the Usicayos gold project through the drill discovery phase. The Company also has rights to the Galena silver-copper project in the Santa Lucia district. The Company also holds an interest in the Gaban Gold Project, which is in the drill discovery phase. The Company's partner projects are Gaban Gold Project and Ica I.O.C.G. Project. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Palamina Corp revenues was not reported. Net income totaled C$2.3M vs. loss of C$2.4M. Net income reflects Exploration and evaluation expenditures decrease of 45% to C$848K (expense), Gain on sale of investment in associate increase from C$187K (expense) to C$65K (income), Investor relations decrease of 36% to C$88K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6.93M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.70M as of Dec 31, 2023 |
| Net annual income (TTM): | $2.27M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.27M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 71,284,836 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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