See more : 1867 Western Financial Corporation (WFCL) Income Statement Analysis – Financial Results
Complete financial analysis of Maritime Resources Corp. (MRTMF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Maritime Resources Corp., a leading company in the Gold industry within the Basic Materials sector.
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Maritime Resources Corp. (MRTMF)
About Maritime Resources Corp.
Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. It primarily explores for gold, silver, copper, lead, and zinc deposits. The company holds interests in the Lac Pelletier project that consists of 16 mineral claims and 1 mining lease covering an area of 443 hectares located in Rouyn Noranda, Quebec; Green Bay project, as well as Whisker Valley project situated in Newfoundland and Labrador; and Orion deposit located to the east of Hammerdown. The company was incorporated in 2007 and is based in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of Revenue | 170.17K | 171.28K | 82.61K | 27.05K | 63.98K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -170.17K | -171.28K | -82.61K | -27.05K | -63.98K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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% |
| Research & Development | 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 | 629.26K | 1.75M | 2.85M | 1.86M | 1.49M | 2.56M | 1.43M | 1.03M | 534.75K | 470.94K | 486.52K | 316.07K | 318.18K | 37.85K | 110.28K | 0.00 |
| Selling & Marketing | 1.57M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 331.21K | 79.06K | 86.31K | 106.63K | 72.58K | 56.81K | 1.45K | 0.00 | 0.00 |
| SG&A | 2.20M | 1.75M | 2.85M | 1.86M | 1.49M | 2.56M | 1.43M | 1.36M | 613.81K | 557.24K | 593.15K | 388.64K | 374.99K | 39.30K | 110.28K | 0.00 |
| Other Expenses | 0.00 | 228.16K | 1.30M | 563.40K | 483.97K | 164.94K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 2.20M | 1.98M | 2.85M | 1.86M | 1.49M | 2.56M | 1.43M | 1.36M | 613.81K | 557.24K | 593.15K | 388.64K | 374.99K | 39.30K | 110.28K | 0.00 |
| Cost & Expenses | 2.20M | 2.15M | 2.93M | 1.88M | 1.56M | 2.56M | 1.43M | 1.36M | 613.81K | 557.24K | 593.15K | 388.64K | 374.99K | 39.30K | 110.28K | 0.00 |
| Interest Income | 5.22 | 3.36K | 18.02K | 22.06K | 62.83K | 0.00 | 1.40K | 516.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.34K | 1.31K | 0.00 |
| Interest Expense | 0.00 | 39.24K | 6.77K | 138.00 | 3.18K | 66.68K | 162.09K | 25.30K | 67.13K | 11.67K | 96.67K | 15.68K | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 64.54K | 171.28K | 82.61K | 27.05K | 63.98K | 161.14K | 52.52K | 22.82K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.31M | -1.75M | -2.54M | -1.59M | -1.36M | -2.40M | -1.35M | -1.36M | -613.81K | -557.24K | -593.15K | -388.64K | -374.99K | -9.65K | -9.65K | -110.28K |
| 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% |
| Operating Income | -2.20M | -1.92M | -1.61M | -1.30M | -1.01M | -2.40M | -1.43M | -1.36M | -613.81K | -557.24K | -593.15K | -388.64K | -374.99K | -9.65K | -110.28K | 0.00 |
| 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% |
| Total Other Income/Expenses | -340.90K | 44.36K | 885.61K | 269.62K | -707.63K | -66.68K | -402.52K | -356.00K | -63.27K | -97.97K | -96.67K | -15.68K | 0.00 | -29.65K | 1.31K | 0.00 |
| Income Before Tax | -2.54M | -1.71M | -1.62M | -1.30M | -2.01M | -2.47M | -1.51M | -1.39M | -677.08K | -568.91K | -689.83K | -404.33K | -374.99K | -39.30K | -108.97K | 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% |
| Income Tax Expense | 0.00 | 79.00K | 1.31M | 563.54K | 487.15K | 70.47K | 0.00 | 0.00 | 0.00 | -14.35K | -92.88K | 7.43K | -307.24K | 5.61K | 0.00 | 0.00 |
| Net Income | -2.54M | -1.79M | -1.62M | -1.30M | -2.01M | -2.47M | -1.51M | -1.39M | -677.08K | -554.56K | -596.94K | -411.75K | -67.75K | -44.91K | -108.97K | 0.00 |
| 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% |
| EPS | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | -0.02 | -0.02 | -0.01 | 0.00 | -0.02 | -0.07 | 0.00 |
| EPS Diluted | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | -0.02 | -0.02 | -0.01 | 0.00 | -0.02 | -0.07 | 0.00 |
| Weighted Avg Shares Out | 500.94M | 420.37M | 377.05M | 247.32M | 173.26M | 94.49M | 62.01M | 48.05M | 35.87M | 34.70M | 31.16M | 28.11M | 21.50M | 3.00M | 1.62M | 1.50M |
| Weighted Avg Shares Out (Dil) | 500.92M | 420.37M | 377.05M | 247.32M | 173.26M | 94.49M | 62.01M | 48.05M | 35.87M | 34.70M | 31.16M | 28.11M | 21.50M | 3.00M | 1.62M | 1.50M |
Maritime Trench Sampling at Hammerdown Returns 49 gpt Gold Over 0.4 Metres Width Along a Strike Length of 45 Metres
Toronto, Ontario--(Newsfile Corp. - November 27, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce results of additional surface sampling at the Hammerdown Gold Project ("Hammerdown" or the "Project") near the...
Maritime Initiates Re-Commissioning Program at the Pine Cove Mill
Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce that refurbishment work has begun at the Company's Pine Cove mill ("Pine Cove") in the Baie...
Maritime Announces Change of Chairman of the Board of Directors
Toronto, Ontario--(Newsfile Corp. - September 25, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that Allen Palmiere, an existing member of the Company's board of directors (the "Board"), has been named Chairman of...
Dundee Corporation Announces Acquisition of Shares of Maritime Resources Corp.
TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired by private agreement 47,000,000 common shares of Maritime Resources Corp. (TSXV -...
Maritime Announces Closing of $8 Million Rights Offering Backstopped by Dundee
Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") and Dundee Corporation (TSX: DC.A) are pleased to announce the closing of Maritime's previously announced rights offering (the "Rights Offering"), pursuant to which...
Maritime Announces $8 Million Rights Offering Backstopped by Dundee
Toronto, Ontario--(Newsfile Corp. - August 6, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") and Dundee Corporation (TSX: DC.A) are pleased to announce that Maritime is commencing a rights offering (the "Rights Offering") to the holders of...
Maritime Confirms High Gold Recoveries at Hammerdown
Toronto, Ontario--(Newsfile Corp. - July 17, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce positive results from an ongoing metallurgical test program for the Hammerdown Gold Project ("Hammerdown" or the...
Maritime Seeks Shareholder Approval for Potential Share Consolidation
Toronto, Ontario--(Newsfile Corp. - July 12, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") announces that at the annual general and special meeting of shareholders of the Company (the "Meeting"), shareholders will be asked...
Maritime Resources Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - June 18, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") has granted 5,450,000 options to employees, consultants, directors and officers of the Company. The option grant is the result of...
Maritime Provides Hammerdown and Point Rousse Project Update
Toronto, Ontario--(Newsfile Corp. - June 6, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to provide an update for the Hammerdown Gold Project ("Hammerdown" or the "Project") and activities at the Pine...
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Category: Stock Reports