See more : Emmis Corporation (EMMS) Income Statement Analysis – Financial Results
Complete financial analysis of Midnight Sun Mining Corp. (MDNGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Midnight Sun Mining Corp., a leading company in the Industrial Materials industry within the Basic Materials sector.
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Midnight Sun Mining Corp. (MDNGF)
About Midnight Sun Mining Corp.
Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, and gold deposits. It has 60% interest in the Solwezi licenses covering an area of approximately 506 square kilometers in the Zambian Copperbelt located in northwest of Lusaka, Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 37.39K | 25.63K | 23.76K | 23.40K | 23.40K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -37.39K | -25.63K | -23.76K | -23.40K | -23.40K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -10.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.28K | 260.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 296.57K | 1.06M | 967.46K | 1.02M | 315.03K | 1.46M | 882.24K | 405.41K | 230.92K | 242.30K | 260.33K | 455.43K | 398.51K | 214.34K | 99.34K | 106.65K | 41.13K |
| Selling & Marketing | 1.49M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.15M | 1.06M | 967.46K | 1.02M | 315.03K | 1.46M | 882.24K | 405.41K | 230.92K | 242.30K | 260.33K | 455.43K | 398.51K | 214.34K | 99.34K | 106.65K | 41.13K |
| Other Expenses | 0.00 | 0.00 | 20.00K | 40.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -586.17K | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.52M | 3.38M | 1.93M | 1.02M | 315.03K | 1.46M | 882.24K | 405.41K | 230.92K | 242.30K | 271.30K | 463.03K | 398.51K | 214.34K | 99.34K | 106.65K | 41.13K |
| Cost & Expenses | 1.52M | 3.41M | 1.95M | 1.04M | 338.43K | 1.46M | 882.24K | 405.41K | 230.92K | 242.30K | 271.30K | 463.03K | 398.51K | 214.34K | 99.34K | 106.65K | 41.13K |
| Interest Income | 2.48K | 66.11K | 2.09K | 0.00 | 0.00 | 0.00 | 401.00 | 0.00 | 0.00 | 0.00 | 11.00 | 2.49K | 67.00 | 669.00 | 1.32K | 9.92K | 4.51K |
| Interest Expense | 20.18K | 3.23K | 2.08K | 2.81K | 5.06K | 0.00 | 0.00 | 1.12K | 336.00 | 1.79K | 2.51K | 583.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 37.39K | 25.63K | 23.76K | 23.40K | 23.40K | 1.25M | 769.41K | 305.38K | 135.32 | 1.44K | 691.00 | 7.60K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.15M | -3.31M | -2.05M | -978.24K | -315.03K | -210.57K | -121.90K | -101.63K | -230.92K | -242.30K | -270.59K | -452.94K | -397.60K | -214.34K | -99.34K | -106.65K | -41.13K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -1.19M | -3.34M | -1.93M | -1.00M | -338.43K | -1.46M | -872.76K | -405.41K | -230.92K | -242.30K | -271.28K | -460.55K | -398.51K | -214.34K | -99.34K | -106.65K | -41.13K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -350.05K | -76.17K | 18.14K | 183.16K | -74.12K | -210.57K | -121.90K | -1.60K | -95.00 | -80.86K | -1.45M | -23.75K | -587.02K | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | -1.54M | -3.18M | -1.90M | -759.13K | -357.00K | -1.46M | -891.31K | -407.01K | -231.02K | -248.08K | -1.72M | -484.30K | -984.68K | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 3.23K | 22.08K | 42.81K | 5.06K | 223.65 | 8.30K | 816.62 | 200.68 | 355.35 | 2.51K | 583.00 | -67.00 | 213.67K | 98.03K | 96.73K | 36.62K |
| Net Income | -1.54M | -3.18M | -1.90M | -759.13K | -357.00K | -1.46M | -891.31K | -407.01K | -231.02K | -248.08K | -1.72M | -484.30K | -984.62K | -213.67K | -98.03K | -96.73K | -36.62K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -0.01 | -0.03 | -0.02 | -0.01 | 0.00 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.09 | -0.03 | -0.13 | -0.04 | -0.10 | -0.11 | -0.02 |
| EPS Diluted | -0.01 | -0.03 | -0.02 | -0.01 | 0.00 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.09 | -0.03 | -0.13 | -0.04 | -0.10 | -0.11 | -0.02 |
| Weighted Avg Shares Out | 118.35M | 113.00M | 108.23M | 96.90M | 89.88M | 79.98M | 60.64M | 34.01M | 26.44M | 24.66M | 18.15M | 16.37M | 7.83M | 4.99M | 1.00M | 916.67K | 2.00M |
| Weighted Avg Shares Out (Dil) | 118.34M | 113.00M | 108.23M | 96.90M | 89.88M | 79.98M | 60.64M | 34.01M | 26.44M | 24.66M | 18.15M | 16.37M | 7.83M | 4.99M | 1.00M | 916.67K | 2.00M |
Midnight Sun Receives Extension For Completion of Verification Report
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2024) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") announces that, further to its September 16, 2024 news release, the Ministry of Mines and Minerals Development...
Midnight Sun Mining kicks off new exploration at Kazhiba project
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) told investors it has kicked-off an exploration program at the Kazhiba Target, part of its Solwezi Property in Zambia. It's a collaboration with First Quantum Minerals (TSX:FM) under a cooperative exploration plan, and, it...
Midnight Sun Announces Start of Kazhiba Exploration Program
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") announces the start of exploration work at the Kazhiba Target located on the Company's Solwezi Property in...
Midnight Sun Mining's Kazhiba licence remains valid
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) announced that the renewal application for its Kazhiba Licence, previously thought to have been rejected, was actually deferred and remains in good standing. In a news release dated August 29, 2024, Midnight Sun corrected...
Midnight Sun Confirms Kazhiba Licence Remains in Good Standing
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - Midnight Sun Mining Corporation (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") announces that, further to its August 29, 2024 news release, the renewal application for Large Scale Exploration...
Midnight Sun Mining shifts focus to Mitu copper target amid Kazhiba licence challenge
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) said Thursday that the Zambian Ministry of Mines and Minerals Development has posted a decision indicating that the renewal application for Large Scale Exploration Licence 21509-HQ-LEL, which hosts the Kazhiba Dome, has been rejected....
Midnight Sun Challenges Improper Rejection of Kazhiba Licence Renewal
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) - Midnight Sun Mining Corporation (TSXV: MMA) (OTC Pink: MDNGF) (the "Company") reports that the Zambian Ministry of Mines and Minerals Development (the "Ministry") has published a decision on its website indicating...
AI is powering a new era of mineral discovery
How has a relatively unknown mining exploration company won the backing of billionaires Bill Gates and Jeff Bezos? It's using artificial intelligence (AI) to hunt down critical minerals.
Midnight Sun Announces Warrant Extension
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) (the "Company" or "Midnight Sun") intends to extend the exercise period of a total of 5,619,714 share purchase warrants, all of which...
Midnight Sun appoints operating officer for Zambia project
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF), the copper and cobalt exploration group, has announced the appointment of Kevin Bonel as chief operating officer for its Zambian operations. Bonel joins with over a quarter of a century of geological experience in...
Source: https://incomestatements.info
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