Comparing the current results to its competitors, El Capitan Precious Metals Inc reported Revenue decrease in the 3 quarter 2017 year on year by 0 %, despite the revenue increase by the most of its competitors of 9.3 %, recorded in the same quarter.
El Capitan Precious Metals Inc, despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 106 %
El Capitan Precious Metals Inc's Comment on Competitors and Industry Peers
The mining industry has historically been highly competitive. It is dominated
by multi-billion dollar, multi-national companies that possess resources significantly
greater than ours. Additionally, due to our limited resources, we do not intend
to develop any of our properties on our own, but rather to only perform exploration
on our properties with the anticipation of selling or developing through a joint
venture any properties in which our exploration proves successful. Given our
size and financial condition, there is no assurance we can compete with any
larger companies for the acquisition of additional potential mineral properties,
and we have no current plans to do so.