Red Metal Resources Ltd (RMES) |
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Price: $0.0000
$0.00
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$ 0.00 |
Volume (M$): |
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Market Capitalization (Millions $) |
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Shares
Outstanding (Millions) |
43 |
Employees |
1 |
Revenues (TTM) (Millions $) |
- |
Net Income (TTM) (Millions $) |
-1 |
Cash Flow (TTM) (Millions $) |
1 |
Capital Exp. (TTM) (Millions $) |
0 |
Red Metal Resources Ltd
Red Metal Resources Ltd. was incorporated in Nevada on January 10, 2005,
as Red Lake Exploration, Inc. We changed our name to Red Metal Resources Ltd.
on August 27, 2008.
On August 21, 2007, we formed Minera Polymet Limitada (“Polymet”),
a limited liability company, under the laws of the Republic of Chile. On September
28, 2015, we changed Polymet’s incorporation from Limited Liability Company
to a Closed Stock Corporation (“SpA”). We own 99% of Polymet, which
holds our Chilean mineral property interests. To comply with Chilean legal requirements,
1% of Polymet is owned by a Chilean resident, an experienced manager who has
organized an office and other resources for us to use. Polymet’s office
is located in Vallenar, III Region of Atacama, Chile.
We are a start-up exploration stage company with no material revenue generating
operations. We are in the business of acquiring and exploring mineral claims.
All of our claims are located in the III Region of Atacama, Chile. To date we
have not determined whether our claims contain mineral reserves that are economically
recoverable and have not produced revenues from our principal business.
Our ability to realize a return on our investment in mineral claims depends
upon whether we maintain the legal ownership of the claims. Title to mineral
claims involves risks inherent in the process of determining the validity of
claims and the ambiguous transfer history characteristic of many mineral claims.
To the best of our knowledge, and after consultation with an attorney knowledgeable
in the practice of mining, we believe that we have taken the steps necessary
to ensure that we have good title to our mineral claims. We have had our contracts
and deeds notarized, recorded in the registry of mines and published in the
mining bulletin and we review the mining bulletin regularly to determine whether
other parties have staked claims over our ground. We have discovered no such
claims.
Company Address: 1130 Pender Street West, Suite 820 Vancouver 0 BC
Company Phone Number: 907-5403 Stock Exchange / Ticker: RMES
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Stock Performances by Major Competitors |
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Nevada Canyon Gold Corp
Nevada Canyon Gold Corp, a company in the Metal Mining industry, has recently experienced a decline in its shares. The shares are currently trading at -1% below its 52-week average, which indicates a decrease in investor confidence. During the earnings season of October to December 31, 2023, many companies, including Nevada Canyon Gold Corp, have reported their financial numbers. Unfortunately, NGLD published an operating shortfall of $-3.075799 million for the three-month period ending December 31, 2023. This is a significant decrease compared to the operating surplus of $0.469586 million in the fourth quarter of 2022.
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Mcewen Mining Inc
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has recently released its exploration update, highlighting the positive progress made at its Stock project. The company's aggressive exploration efforts have shown promising results and are expected to contribute to a bright future at this important site. In terms of production, McEwen Mining has demonstrated a significant improvement compared to previous years. In the fourth quarter of 2023, the company achieved consolidated production of 49,850 gold equivalent ounces (GEOs), with a total production of 154,600 GEOs for the entire year. These figures are in line with the company's latest forecasts and fall within its guidance range.
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Franco Nevada Corporation
Franco-Nevada Corp, a metal mining company, has seen a solid gain of 5.07% in its stock over the last five trading days. However, it experienced a significant drop of 7.51% in March 2024. Currently, the stock is trading just 12.4% above its 52-week low. In the financial period ending December 31, 2023, Franco-Nevada Corp reported a loss per share of $-2.43. This is a notable decrease from the previous period's earnings of $1.83 per share. Despite this loss, the company's revenue surged by an impressive 44.37% to reach $1.22 billion, compared to $844.10 million in the previous reporting period.
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Iamgold Corporation
Iamgold Corporation, a metal mining company, recently released their fourth quarter financial report for 2023 and the results were promising. Despite facing fading revenue, the company managed to turn their income positive to $0.19 per share, a significant improvement from the $-0.88 loss in the same quarter a year ago. The company saw a decrease in revenue by -7.34% to $987.10 million from $1.07 billion in the fourth quarter of 2023 compared to the same period a year ago. However, the net profits for the company in the fourth quarter of 2023 were $103.80 million, a substantial improvement from the net loss of $-398.00 million in the same reporting period a year ago. Overall, Iamgold Corporation reported income of $103.80 million and revenue of $987.10 million for the financial year 2023, with earnings per share of $0.19 compared to $-0.88 in the preceding financial year. Looking at the market and stock performance of Iamgold Corporation, it is evident that investors are responding positively to the company's financial results. The stock has gained 10.56% over the last five trading days, extending year-to-date gains to 28.69%. Additionally, the stock is trending higher and is just 5.8% short of its 52-week high. With these positive trends in stock performance, investors may continue to be optimistic about the company's future prospects.
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B2gold Corp
The recent financial report from B2Gold Corp., a Canadian metal mining company, presents a mixed bag of results for the company. The company announced earnings per share of $0.01 and revenue of $0.00 million for the fourth quarter of 2023, showing a significant decline in earnings compared to the previous financial period ending December 31, 2022. Despite this decrease in earnings, B2Gold Corp. saw its revenue rise by an impressive 67.354% in the same period. The fourth quarter of 2023 showed a substantial improvement in the company's top-line performance compared to its peers in the Metal Mining sector, which only saw an average revenue growth of 2.87% during the same period. However, earnings for B2Gold Corp. fell sharply by -86.83% to $41.588 million in the fiscal year ending December 31, 2023, from $315.841 million in the corresponding period a year before.
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Per Share |
Current |
Earnings (TTM) |
-0.02 $ |
Revenues (TTM) |
-
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Cash Flow (TTM) |
0.02 $ |
Cash |
0 $
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Book Value |
-
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-0.02 $
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Revenues (TTM) |
- |
Cash Flow (TTM) |
0.02 $ |
Cash |
0 $
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Book Value |
- |
Dividend (TTM) |
0 $ |
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