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Metals Creek Resources Corp. (V:MEK)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 945 Cobalt Crescent
THUNDER BAY ON P7B 5Z4
Tel: N/A
Website: https://www.metalscreek.com
IR: See website
Key People
Alexander Stares
President, Chief Executive Officer, Director
Nick S. Tsimidis
Chief Financial Officer, Director
Michael Macisaac
Vice President - Exploration
Business Overview
Metals Creek Resources Corp. is a junior exploration company. The Company is engaged in the identification, acquisition, exploration and development of mineral resource properties, and has mining interests in Ontario and Newfoundland and Labrador and in the Yukon. The Company has a 50% interest in the OgdenGold Property from Newmont Corporation, including the former Naybob Gold mine, located six kilometers (km) south of Timmins, Ontario and has an eight km strike length of the prolific Porcupine-Destor Fault (P-DF). The Shabaqua property is located within the Shebandowan Greenstone Belt. The Tillex property is located in Currie Township near the township of Matheson in Northern Ontario with infrastructure. The Company has 148 claim units in two separate blocks in the Dawson Range gold district. The claim blocks are located in the Matson Creek area, 40 km north of Kinross' White Gold property and Kaminak's Coffee Project.
Financial Overview
For the fiscal year ended 31 December 2023, Metals Creek Resources Corp revenues was not reported. Net loss decreased 84% to C$922K. Lower net loss reflects Write-down of exploration and evaluation decrease of 100% to C$14K (expense), FV Adjustments of Financial Investments decrease of 50% to C$335K (expense), Business development decrease of 82% to C$26K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $4.94M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$0.55M as of Dec 31, 2023
Net annual income (TTM): -$0.92M as of Dec 31, 2023
Free cash flow (TTM): -$0.90M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 169,191,866 as of Apr 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization