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Timberline Resources Corporation  (TLRS)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $0.0413 $0.00 3.250%
Day's High: $0.0424 Week Perf: 1.47 %
Day's Low: $ 0.04 30 Day Perf: -3.73 %
Volume (M): 14 52 Wk High: $ 0.11
Volume (M$): $ 1 52 Wk Avg: $0.06
Open: $0.04 52 Wk Low: $0.03



 Market Capitalization (Millions $) 7
 Shares Outstanding (Millions) 175
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Timberline Resources Corporation

We were incorporated in the State of Idaho in August 1968 under the name Silver Crystal Mines, Inc., to engage in the business of exploring for precious metal deposits and advancing them toward production. We ceased exploration activities during the 1990s and became virtually inactive. In December 2003, a group of investors purchased 80-percent of the issued and outstanding common stock from the then-controlling management team. In January 2004, we affected a one-for-four reverse split of our issued and outstanding shares of common stock and increased the number of our authorized shares of common stock to 100,000,000 with a par value of $0.001.

In February 2004, our name was changed to Timberline Resources Corporation. Since the reorganization, we have been in an exploration stage evaluating, acquiring, and exploring mineral prospects with potential for economic deposits of precious and base metals. A prospect is defined as a mining property, the value of which has not been determined by exploration. In August 2008, we reincorporated into the State of Delaware pursuant to a merger agreement approved by our shareholders.

In March 2006, we acquired Timberline Drilling, Inc. (“TDI”), formerly known as Kettle Drilling, as a wholly owned subsidiary. TDI was formed in 1996 and provides mineral core drilling services to the mining and mineral exploration industries primarily in the western United States. In September 2011, we announced that we had entered into a non-binding letter of intent to sell TDI to a private company formed by a group of investors, including certain members of the senior management team of TDI. In November 2011, the sale of TDI was completed for a total value of approximately $15 million.

In July 2007, we closed our purchase of the Butte Highlands Gold Project. In October 2008, we announced that we had agreed to form a 50/50 joint venture at the Butte Highlands project. In July 2009, we finalized the joint venture agreement with Highland Mining, LLC (“Highland”) to create Butte Highlands JV, LLC (“BHJV”). Under terms of the joint venture agreement, development began in the summer of 2009, with Highland funding all mine development costs through development. Both Timberline’s and Highland’s 50-percent share of costs were to be paid out of net proceeds from future mine production. On January 29, 2016, we executed a Member Interest Purchase Agreement (the “Purchase Agreement”) with New Jersey Mining Company pursuant to which we sold all of our 50% interest in BHJV.

In June 2010, we closed our acquisition of Staccato Gold Resources Ltd., a Canadian-based resource company (“Staccato Gold”) that was in the business of acquiring, exploring, and developing mineral properties with a focus on gold exploration in the dominant gold producing trends in Nevada. As a result of this acquisition, we obtained Staccato’s flagship gold exploration project (“Lookout Mountain”), and several other projects at various stages of exploration in the Battle Mountain/Eureka gold trend in north-central Nevada, along with Staccato Gold’s wholly owned U.S. subsidiary, BH Minerals USA, Inc. (“BH Minerals”).

We are a mineral exploration business and, if and when we establish mineral reserves, a development company. Mineral exploration is essentially a research activity that does not produce a product. Successful exploration often results in increased project value that can be realized through the optioning or selling of the claimed site to larger companies. We acquire properties which we believe have potential to host economic concentrations of minerals, particularly gold and silver. These acquisitions have and may take the form of unpatented mining claims on federal land, or leasing claims or private property owned by others. An unpatented mining claim is an interest that can be acquired to the mineral rights on open lands of the federally owned public domain. Claims are staked in accordance with the Mining Law of 1872, recorded with the federal government pursuant to laws and regulations established by the Bureau of Land Management (the Federal agency that administers America’s public lands), and grant the holder of the claim a possessory interest in the mineral rights, subject to the paramount title of the United States.

We will perform basic geological work to identify specific drill targets on the properties, and then collect subsurface samples by drilling to confirm the presence of mineralization (the presence of economic minerals in a specific area or geological formation). We may enter into joint venture agreements with other companies to fund further exploration and/or development work. It is our plan to focus on assembling a high quality group of gold and silver exploration prospects using the experience and contacts of the management group. By such prospects, we mean properties that may have been previously identified by third parties, including prior owners such as exploration companies, as mineral prospects with potential for economic mineralization. Often these properties have been sampled, mapped and sometimes drilled, usually with indefinite results. Accordingly, such acquired projects will either have some prior exploration history or will have strong similarity to a recognized geologic ore deposit model. We will place geographic emphasis on the western United States and Nevada in particular.

The focus of our activity has been to acquire properties that we believe to be undervalued; including those that we believe to hold previously unrecognized mineral potential. Properties have been acquired through the location of unpatented mining claims (which allow the claimholder the right to mine the minerals without holding title to the property), or by negotiating lease/option agreements. Our President and CEO, Steven Osterberg, and our CFO, Randal Hardy, as well as our Directors, have experience in evaluating, staking and filing unpatented mining claims, and in negotiating and preparing mineral lease agreements in connection with those mining claims.



   Company Address: 9030 NORTH HESS ST., SUITE 161 HAYDEN 83835 ID
   Company Phone Number: 664-4859   Stock Exchange / Ticker: TLRS
   


Customers recorded net loss Customers recorded net loss



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Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE        0.62% 
FCX        10.21% 
NEM        1.59% 
NG        3.77% 
RGLD   -2.93%    
SCCO        17.26% 
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Timberline Resources Corporation

Timberline Resources Corporation: Thriving in the Metal Mining Industry with Remarkable Q1 2024 Results


As an avid observer of the financial market, it is always fascinating to witness smaller businesses in the Metal Mining industry making their mark. Timberline Resources Corporation (TLRS) is one such company, which recently released its financial results for the first quarter of 2024. Analyzing these figures, we can see that TLRS has not only shown signs of growth but has also improved its efficiency in comparison to the same period last year.
With an operating deficit of $-0.231879 million, TLRS has made impressive strides forward. Comparatively, during the first quarter of 2023, the company faced a larger operating deficit of $-0.870096 million. This improvement can likely be attributed to the corporation's ability to enhance its revenue sources over the past year.

Timberline Resources Corporation

As one of many entities, the TLRS published as well its fourth quarter of 2023 performance

Over the past 7 days, Timberline Resources Corporation's stock has experienced a drop of -2.25%. Additionally, the stock is currently trading only 31.8% above its 52-week low. These changes in stock performance have sparked interest among shareholders and investors who are closely following the company's financial situation.
During the earnings cycle of fiscal July to September 30, 2023, the shareholders did not expect any adjustments to the company's revenue. However, they did notice that Timberline Resources Corporation reported an operating loss of $-0.507286 million during the same period. Surprisingly, this news was considered positive due to the lack of easier comparisons. The operating loss had improved significantly from the previous year's fourth quarter, where it stood at $-2.170055 million. This improvement has provided confidence to many market participants regarding Timberline Resources Corporation (TLRS).

Timberline Resources Corporation

Timberline Resources Corporation Turns the Tide: Profits Soar in Third Quarter of 2023

Timberline Resources Corporation, a company in the Metal Mining sector, recently reported an operating shortfall of $-0.376815 million for the financial time-frame ending June 30, 2023. This earnings announcement is part of the ongoing earnings season for the April to June period and sheds light on the company's financial performance.
Compared to the third quarter of 2022, the company's operational decisions have improved, as the deficit has been mitigated. Timberline Resources Corporation experienced diminishing returns in the previous year, with a deficit of $-1.451 million in the third quarter of 2022. However, the current operating shortfall of $-0.376815 million indicates a positive trend in the company's financial performance.

Timberline Resources Corporation

Timberline Resources Corporation Shows Promise with Improved Operating Loss in Q2 of 2023

Timberline Resources Corporation is a small player in the Basic Materials sector of the stock market. Unfortunately, the company has recorded a cumulative net loss of $-5 million during the 12 month period ending in the second quarter of 2023. This has resulted in a negative return on investment (ROI) of -30.51%, which is indicative of the company's poor financial performance and highlights the challenges currently facing the business.
To make matters worse for Timberline, there are 145 other companies in the sector that have a higher ROI than them. This puts the company at a significant disadvantage when it comes to competing for investors. The overall ranking of Timberline's ROI has progressed from 4039 to 1800 in the Mar 31 2023 quarter. This does not change the fact, however, that the company still cannot compete with its peers.






 




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