Midas Minerals Ltd

  • IPO date:
  • Sector: Basic Materials
  • GIC Group: Materials
  • Industry: Other Precious Metals & Mining
  • Company website

Company description

Midas Minerals Limited engages in exploration and evaluation of mineral resources. The company primarily explores for gold and base metals in the Eastern Goldfields of Western Australia. Its projects include the Weebo gold project covering 198 square kilometers and 2 exploration licenses located near Leinster, Western Australia; the Challa project, which consists of 2 exploration licenses and 3 license applications covering 859 square kilometers located to the east of Mt Magnet in Western Australia; and the Midas' Newington project that includes 2 exploration licenses covering 94.3 square kilometers located to southern cross greenstone belt; and the Greenbush lithium project covering 102 kilometers located in Ontario, Canada. Midas Minerals Limited was incorporated in 2018 is based in West Perth, Australia.

Financial highlights

Market Capitalization$21.6368 million
P/E Ratio0
P/E Growth Ratio
Book Value0.11
Dividend Per Share0
Earnings Per Share-0.03
EBITDA-1,312.409
Profit Margin0
Operating Margin TTM0
Return on Assets TTM-0.1226
Return on Equity TTM-0.2273
Revenue TTM0

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2018-12-31 0
2019-12-31 0
2020-12-31 0
2021-12-31 0 1,018.606
2022-12-31 16.49 1,767.135

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2018-12-31 205.41 3,526.39 117.97 0 4,367.371
2019-12-31 220.4 2,263.94 73.3 0 4,848.553
2020-12-31 8,343.34 8,695.639 21.9 0 10,611.964
2021-12-31 6,083.404 8,219.579 165.356 0 10,882.004
2022-12-31 2,503.583 7,659.805 320.568 0 11,300.467

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2018-12-31 -1,233.506 -558.171 273.881
2019-12-31 -1,715.217 -206.604 14.989
2020-12-31 671.284 -164.408 3,201.453 3,421.853
2021-12-31 -1,015.957 -1,144.992 2,661.551 3,421.853 6,083.404
2022-12-31 -1,749.645 -810.82 -3,579.821 6,083.404 2,503.583