New Break Resources Ltd. (C:NBRK)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 110 Yonge Street, Suite 1601 TORONTO ON M5C 1T4 |
| Tel: | 1-416-2784149 |
| Website: | https://www.newbreakresources.ca |
| IR: | See website |
| Key People | ||
| Michael Farrant President, Chief Executive Officer, Director | James O'Neill Chief Financial Officer, Corporate Secretary | William D. Love Vice President - Exploration |
| Business Overview |
| New Break Resources Ltd. is a Canada-based mineral exploration company. The Company is focused principally on gold exploration at its 100% owned Moray property, covering approximately 5,354 hectares located in the southern Abitibi greenstone belt, approximately 49 kilometers (km) southeast of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine. The Company's Nunavut Gold Projects consist of Sundog Gold Project, Esker/Noomut Gold Project, Sy Gold Project, and Angikuni Lake Gold Projects. The Sundog Gold Project is located approximately 235 km from Arviat and 370 km from Rankin Inlet on the Hudson Bay coast and lies 16 km to the northeast of the Cullaton Lake airstrip. The Esker/Noomut Property comprises three claim blocks: the 1,408-hectare, gold-mineralized Esker claim, the Northern Noomut Block and the Southern Noomut Block. The Esker/Noomut, Sy Gold, and Angikuni Lake Gold Projects cover approximately 21,960 hectares. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, New Break Resources Ltd revenues was not reported. Net loss increased 8% to C$1M. Higher net loss reflects Flow-through share premium recovery decrease of 80% to C$71K (income), Investor relations increase from C$110K to C$221K (expense), General and administrative increase of 23% to C$95K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4.52M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.04M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.03M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.83M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 49,822,600 as of Mar 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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