See more : Zuari Agro Chemicals Limited (ZUARI.NS) 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 hails output from Ohio commercial pilot plant as 'overwhelming success'
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) told investors that magnesium metal production at its commercial pilot plant in Harrison County, Ohio, USA, announced earlier this month, has been an "overwhelming success". The company is currently in a so-called "calibration and optimization...
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Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) announced that it has achieved silicothermic reduction in a continuous reactor — a milestone that it says has never been accomplished globally to date. The company said its proprietary continuous reactor is operating as designed, maintaining target...
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Western Magnesium Corporation has announced the closing of the first tranche of its previously announced non-brokered private placement comprised of 1,727,000.00 units for gross proceeds of U$431,750.00. The units, to be sold at a price of US$0.25 each will consist...
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Western Magnesium kicks off final engineering field inspections at its commercial pilot plant
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Western Magnesium hires independent valuation firm to assess company, its intellectual property (IP), systems and market potential
Western Magnesium Corp told investors it has hired an accredited, independent valuation firm to provide an assessment of the company, its intellectual property (IP), systems, controls and market potential. It comes as the strategic metal group has nearly completed a...
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