Fredonia Mining Inc. (V:FRED)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 82 Richmond St. Est TORONTO ON M5C 1P1 |
| Tel: | N/A |
| Website: | https://www.fredoniamanagement.com |
| IR: | See website |
| Key People | ||
| Ali Mahdavi Chairman of the Board | Estanislao Ricardo Auriemma Chief Executive Officer, Director | Omar Salas Chief Financial Officer |
| Business Overview |
| Fredonia Mining Inc. is a Canada-based company engaged in gold-silver exploration. The Company holds gold and silver licensed areas totaling approximately 18,300 hectares (ha) in the Deseado Massif geological region in the Province of Santa Cruz, Argentina. Its principal areas include its flagship, the advanced El Dorado Monserrat (EDM) project (approximately 6,200 ha) located close to AngloGold Ashanti's producing multi-million Au-Ag Cerro Vanguardia mine2, the El Aguila project (approximately 9,124 ha), and the Hornia (Petrificados) project (about 3,000 ha). The EDM Project is located in an area of low rolling hills in the Deseado Massif of Santa Cruz Province. The EDM Project comprises two mineralized trends with multiple drilling targets. The El Aguila project is located about 70 kilometers (km) northeast of Cerro Vanguardia mine and 45 km west of Cerro Moro. The oldest rocks in the Hornia property are andesitic flows, volcanic breccias and tuffs from the Bajo Pobre Formation. |
| Financial Overview |
| For the three months ended 31 December 2023, Fredonia Mining Inc revenues was not reported. Net loss decreased 81% to $313K. Lower net loss reflects Exploration expenses decrease of 91% to $152K (expense), Exchange rate differences decrease of 99% to $2K (expense), Professional fees decrease of 52% to $61K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6.45M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$5.39M as of Dec 31, 2023 |
| Net annual income (TTM): | -$3.97M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.80M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 194,709,924 as of Feb 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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