See more : Sydinvest Konservativ (SYVKUA.CO) Income Statement Analysis – Financial Results
Complete financial analysis of Western Magnesium Corporation (MLYF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Western Magnesium Corporation, a leading company in the Industrial Materials industry within the Basic Materials sector.
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Western Magnesium Corporation (MLYF)
About Western Magnesium Corporation
Western Magnesium Corporation engages in the exploration and development of mineral properties in the United States. The company primarily explores for magnesium deposits. It holds a 100% interest in the Tami Mosi mining claim that consists of 81 unpatented mining claims covering an area of approximately 1,673 acres; four unpatented lode mining claims covering an area of approximately 10 acres located in the Moor Mining District in Elco County, Nevada; and the Silverado mining claim, which consists of three patented mining claims covering an area of approximately 296 acres located in the Pinto mining district of Nevada. The company was formerly known as Nevada Clean Magnesium Inc. and changed its name to Western Magnesium Corporation in May 2019. Western Magnesium Corporation was incorporated in 1966 and is headquartered in McLean, United States.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 4.49 | 0.00 |
| Cost of Revenue | 229.90K | 87.58K | 7.80K | 1.98K | 331.28 | 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 | -2.51 | 0.00 |
| Gross Profit | -229.90K | -87.58K | -7.80K | -1.98K | -331.28 | 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 | 7.00 | 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% | 0.00% | 0.00% | 155.87% | 0.00% |
| Research & Development | 0.00 | 758.23K | 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 | 0.00 | 0.00 |
| General & Administrative | 17.52M | 4.61M | 4.59M | 746.53K | 711.01K | 469.07K | 665.26K | 1.38M | 448.69K | 478.77K | 581.18K | 706.84K | 777.68K | 978.88K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 3.42M | 0.00 | 0.00 | 0.00 | 0.00 | 10.10K | 0.00 | 54.97K | 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 | 20.94M | 4.61M | 4.59M | 746.53K | 711.01K | 479.17K | 665.26K | 1.43M | 448.69K | 478.77K | 581.18K | 706.84K | 777.68K | 978.88K | 1.38M | 687.30K | 550.25K | 125.90K | 185.78K | 76.77K | 107.11K |
| Other Expenses | 0.00 | 0.00 | 391.52K | 3.98K | 2.95K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.76K | 16.51K | 23.39K | 20.34K | 5.71K | 2.70K | 1.44K | 455.74 | 525.05 | 3.66K | 682.51 |
| Operating Expenses | 21.07M | 4.61M | 4.98M | 750.51K | 713.96K | 479.17K | 665.26K | 1.43M | 448.69K | 478.77K | 597.93K | 723.36K | 801.07K | 999.22K | 1.39M | 690.00K | 551.69K | 126.35K | 186.30K | 77.33K | 107.79K |
| Cost & Expenses | 21.07M | 4.70M | 4.99M | 752.49K | 714.29K | 479.17K | 665.26K | 1.43M | 448.69K | 478.77K | 597.93K | 723.36K | 801.07K | 999.22K | 1.39M | 690.00K | 551.69K | 126.35K | 186.30K | 77.33K | 107.79K |
| Interest Income | -15.29K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 264.05 | 91.54 | 732.74 | 13.98K | 24.21K | 0.00 | 7.34K | 56.00 | 60.00 | 0.00 | 7.00 | 132.00 |
| Interest Expense | 74.32K | 61.25K | 1.61K | 56.87K | 30.69K | 30.75K | 465.77 | 15.77K | 17.63K | 27.86K | 1.69K | 1.31K | 2.62K | 2.46K | 0.00 | 1.23K | 621.00 | 753.00 | 18.67K | 188.00 | 780.00 |
| Depreciation & Amortization | 229.90K | 86.71K | 10.27K | 1.98K | 331.28 | 150.77K | -289.70K | -524.16K | -885.38K | -502.04K | -4.15K | 1.17K | 11.61K | 12.63K | 5.71K | 2.70K | 1.44K | 455.74 | 525.05 | 556.22 | 682.51 |
| EBITDA | -23.25M | -4.58M | -5.77M | -858.06K | -806.73K | -359.06K | -993.33K | -1.45M | -371.52K | -1.01M | -603.77K | -1.21M | -778.77K | -969.28K | -1.37M | -679.25K | -553.79K | -125.73K | -181.25K | -76.77K | -147.72K |
| 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% | 0.00% | 0.00% | -1,290,857.28% | 0.00% |
| Operating Income | -21.07M | -4.76M | -5.01M | -752.49K | -714.29K | -509.82K | -703.63K | -1.44M | -466.32K | -506.63K | -599.62K | -724.67K | -801.07K | -999.22K | -1.39M | -690.00K | -551.69K | -126.35K | -186.30K | -96.13K | -148.77K |
| 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% | 0.00% | 0.00% | -2,140,471.66% | 0.00% |
| Total Other Income/Expenses | -2.48M | 90.96K | -1.59M | -437.84K | 23.19K | 120.02K | -290.17K | -539.92K | -903.01K | -529.90K | -5.84K | -491.00K | 8.07K | 14.85K | -1.14K | 1.37K | -3.68K | -15.60 | 0.00 | -15.14K | -40.98K |
| Income Before Tax | -23.55M | -4.72M | -5.01M | -907.27K | -691.10K | -389.81K | -993.80K | -1.98M | -1.37M | -1.04M | -605.46K | -1.22M | -793.00K | -984.37K | -1.39M | -688.63K | -555.37K | -126.37K | 0.00 | -111.27K | -189.76K |
| 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% | 0.00% | 0.00% | -2,477,671.70% | 0.00% |
| Income Tax Expense | 5.60M | 61.25K | 1.61K | -97.91K | 53.88K | 127.95K | 0.00 | 0.00 | 0.00 | 0.00 | -105.62K | -489.68K | 10.69K | -137.60K | -1.14K | 2.60K | -3.06K | 737.40 | 18.67K | 18.92K | -40.20K |
| Net Income | -23.55M | -4.78M | -5.01M | -907.27K | -691.10K | -389.81K | -993.80K | -1.98M | -1.37M | -1.04M | -499.84K | -1.21M | -793.00K | -846.77K | -1.38M | -683.18K | -555.85K | -126.94K | -200.45K | -92.59K | -149.18K |
| 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% | 0.00% | 0.00% | -2,061,743.08% | 0.00% |
| EPS | -0.08 | -0.02 | -0.02 | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 |
| EPS Diluted | -0.08 | -0.02 | -0.02 | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 |
| Weighted Avg Shares Out | 356.66M | 312.45M | 241.05M | 182.17M | 166.06M | 152.14M | 147.20M | 139.82M | 120.61M | 111.34M | 105.44M | 81.65M | 70.96M | 61.94M | 61.19M | 41.77M | 32.08M | 25.30M | 19.39M | 17.58M | 16.55M |
| Weighted Avg Shares Out (Dil) | 356.66M | 312.45M | 241.05M | 182.17M | 166.06M | 152.14M | 147.20M | 139.82M | 120.61M | 111.34M | 105.44M | 81.65M | 70.96M | 61.94M | 65.46M | 41.77M | 32.08M | 25.30M | 19.39M | 17.58M | 16.55M |
Western Magnesium unveils West Coast expansion plans
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) said it plans to expand its operations in the Western United States with the buildout of an initial 25,000 metric tonne commercial plant and a Research and Development Centre in Nevada. The company said in a...
Western Magnesium says testing period at commercial pilot plant gives it “greater confidence”
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) told investors that testing at its commercial pilot plant has given it more confidence as it progresses to full commercial-scale production. In a technical update, the company said that since the success of the initial...
Western Magnesium sees its commercial pilot plant move into continuous metal production phase
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) revealed that its commercial pilot plant is ready to move into the final stage of continuous metal production. The Washington DC-based company which aims to be a low-cost producer of magnesium, noted that “all necessary mechanical...
Western Magnesium completes definitive agreement with CCMA
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) told investors that the memorandum of understanding (MOU) recently signed with CCMA LLM has been turned into a definitive agreement. The company said CCMA will now work with its technical team to develop and identify...
Western Magnesium inks MOU with CCMA to sell magnesium products in US
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) said it has signed a Memorandum of Understanding (MOU) with CCMA, LLC, whereby CCMA will be the exclusive sales agent for the US and for future expansion into the global market for magnesium metal and magnesium-based alloys...
Western Magnesium closes first tranche of non-brokered private placement for gross proceeds of US$188,530.47
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) has announced the closing of the first tranche of its non-brokered private placement previously announced on November 16, 2022, with the issue of 2,295,273 units for gross proceeds of US$188,530.47. The total unit offering is...
Western Magnesium Corp arranges $3.75M private placement to complete pilot plant and for working capital
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) has announced a non-brokered private placement of unsecured convertible notes of up to $3.75 million to complete the company's commercial pilot plant and for general working capital. The pending producer of primary magnesium metal said...
Western Magnesium achieves 99.62% magnesium metal purity during second pilot plant calibration run
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) announced that it has received metal purity analysis data from the second calibration process run of unrefined magnesium metal direct from the commercialized pilot plant, which resulted in a magnesium concentration of 99.62%. The pending...
Western Magnesium achieves 99.83% magnesium metal purity during pilot plant calibration run
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) announced that it has received 99.83% metal purity results from the first calibration process run of unrefined magnesium metal produced directly from the commercialized pilot plant, exceeding the company's expectation of 99.80% purity. The pending producer of...
Western Magnesium hails output from commercial pilot plant as 'overwhelming success'
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) has told investors that magnesium metal production at its commercial pilot plant, announced earlier this month, has been an "overwhelming success". The company is currently in a so-called "calibration and optimization phase" at the plant, which...
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