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Complete financial analysis of Tower Resources Ltd. (TWRFF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tower Resources Ltd., a leading company in the Industrial Materials industry within the Basic Materials sector.
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Tower Resources Ltd. (TWRFF)
About Tower Resources Ltd.
Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which include 10 mineral tenures totaling 2,975 hectares in the Nechako Plateau Region of central British Columbia; the Belle copper-gold porphyry project consisting of seven claims totaling 1691 hectares located in the Toodoggone district; and the More Creek project comprising 5 mineral tenures totaling 6,430 hectares situated in the Golden Triangle District of northwest British Columbia. The company was formerly known as Tower Energy Ltd. and changed its name to Tower Resources Ltd. in September 2011. Tower Resources Ltd. was incorporated in 1988 and is headquartered in Squamish, Canada.
| Metric | 2023 | 2022 | 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 241.00 | 302.00 | 378.00 | 472.00 | 17.64K | 21.92K | 6.13K | 4.05K | 8.51K | 0.00 | 19.37K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -241.00 | -302.00 | -378.00 | -472.00 | -17.64K | -21.92K | -6.13K | -4.05K | -8.51K | 0.00 | -19.37K | 0.00 | 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% | 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 | 1.89K | 6.98K | 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 | 397.92K | 746.72K | 372.57K | 444.07K | 419.37K | 969.77K | 758.89K | 346.34K | 315.22K | 427.55K | 627.97K | 889.38K | 425.62K | 178.33K | 0.00 | 148.23K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 58.92K | 24.76K | 5.25K | 3.13K | 5.74K | 12.86K | 34.13K | 23.06K | 2.86K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 397.92K | 746.72K | 372.57K | 444.07K | 419.37K | 969.77K | 758.89K | 346.34K | 318.35K | 433.29K | 640.83K | 923.51K | 448.68K | 181.19K | 152.36K | 148.23K | 217.91K | 483.47K | 384.70K | 247.46K | 121.49K | 268.02K | 92.30K |
| Other Expenses | 0.00 | 394.11K | 277.22K | 0.00 | 0.00 | 0.00 | 92.70K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.19K | 36.00 | 81.97K | -240.49K | 27.44K | 2.47K | 17.23K | 0.00 | -1.80K | 0.00 | 0.00 |
| Operating Expenses | 620.81K | 746.72K | 372.57K | 444.07K | 420.88K | 971.42K | 749.01K | 353.32K | 326.86K | 445.53K | 662.30K | 940.05K | 451.64K | 182.18K | 152.46K | 443.48K | 220.48K | 486.42K | 386.60K | 248.42K | 121.81K | 268.47K | 92.57K |
| Cost & Expenses | 620.81K | 747.03K | 372.95K | 444.54K | 438.52K | 993.34K | 755.14K | 357.37K | 326.86K | 445.53K | 662.30K | 940.05K | 451.64K | 182.18K | 152.46K | 443.48K | 220.48K | 486.42K | 386.60K | 248.42K | 121.81K | 268.47K | 92.57K |
| Interest Income | 3.48K | 749.00 | 1.71K | 2.10K | 17.97K | 6.05K | 0.00 | 0.00 | 1.81K | 6.55K | 27.51K | 25.10K | 22.89K | 2.67K | 206.00 | 67.15K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 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 | 160.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 241.00 | 302.00 | 378.00 | 472.00 | 19.15K | 23.57K | 6.13K | 4.05K | 8.51K | 12.24K | 21.47K | 16.54K | 2.96K | 988.00 | 102.00 | 146.00 | 2.58K | 2.95K | 1.90K | 958.00 | 320.00 | 457.00 | 269.00 |
| EBITDA | -623.25K | -686.88K | -388.38K | -446.05K | -155.43K | -907.67K | -674.55K | 2.19M | -310.03K | 239.08K | -645.93K | -1.05M | -448.68K | 716.17K | -142.36K | -443.33K | 106.70K | -426.69K | -200.50K | -245.35K | 876.68K | -210.44K | -92.30K |
| 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% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -620.81K | -746.46K | -388.75K | -446.53K | -173.07K | -1.01M | -755.14K | 2.19M | -326.86K | -445.53K | -662.30K | -941.13K | -451.64K | -1.08M | -142.47K | -443.48K | -545.09K | -543.19K | -570.80K | -250.54K | -1.12M | -326.05K | -92.57K |
| 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% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 360.87K | 361.03K | 279.86K | -12.90K | -295.27K | -51.95K | 21.07K | -2.56M | -23.12K | -696.83K | 353.67K | 153.77K | 9.19K | -897.32K | 71.98K | -240.49K | 85.21K | 1.08M | -166.98K | -2.12K | -999.97K | -57.57K | 0.00 |
| Income Before Tax | -259.94K | -352.73K | -78.21K | -440.46K | -686.01K | -972.63K | -662.44K | -2.90M | -328.97K | -1.11M | -308.63K | -787.36K | -442.45K | -1.98M | -70.49K | -683.97K | -459.87K | 533.59K | -737.78K | -252.65K | -2.12M | -383.62K | 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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -187.00 | -17.52K | -4.08K | 247.49K | -20.71K | 0.00 | 2.54M | 2.11K | 665.82K | -353.67K | -152.69K | -22.89K | 1.14M | 173.74K | -413.68K | 266.84K | -161.00K | 193.49K | 1.54K | 987.09K | 54.09K | -28.00 |
| Net Income | -259.94K | -352.73K | -78.21K | -440.46K | -686.01K | -972.63K | -662.44K | -2.90M | -328.97K | -1.11M | -308.63K | -787.36K | -419.56K | -1.32M | -244.23K | -270.30K | -459.87K | -372.60K | -562.87K | -249.97K | -1.11M | -322.56K | -92.54K |
| 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% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.06 | -0.01 | -0.03 | -0.01 | -0.03 | -0.02 | -0.11 | -0.04 | -0.04 | -0.07 | -0.06 | -0.12 | -0.07 | -0.36 | -0.14 | -0.09 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.06 | -0.01 | -0.03 | -0.01 | -0.03 | -0.02 | -0.11 | -0.04 | -0.04 | -0.07 | -0.06 | -0.12 | -0.07 | -0.36 | -0.14 | -0.09 |
| Weighted Avg Shares Out | 142.59M | 133.86M | 123.44M | 108.06M | 98.36M | 90.74M | 79.16M | 51.72M | 49.38M | 42.62M | 32.94M | 26.48M | 22.40M | 12.42M | 6.69M | 6.69M | 6.69M | 6.21M | 4.69M | 3.42M | 3.06M | 2.29M | 1.09M |
| Weighted Avg Shares Out (Dil) | 142.58M | 133.86M | 123.44M | 108.06M | 98.36M | 90.74M | 79.16M | 51.72M | 49.38M | 42.62M | 32.94M | 26.48M | 22.40M | 12.42M | 6.69M | 6.69M | 6.69M | 6.21M | 4.69M | 3.60M | 3.06M | 2.29M | 1.09M |
Tower Resources highlights financing opportuunities, progress in exploration and evaluation
Tower Resources PLC (AIM:TRP) highlighted financing opportunities as well as progress in its exploration and evaluation activities as it released its preliminary results for the 12 months ended December 31, 2022. The Africa-focused oil and gas company said it has been actively...
Tower Resources raises funds to help advance Cameroon project
Tower Resources PLC (AIM:TRP) has raised £2.3mln through a placing and share subscription to support the company's finances as its flagship Cameroon asset advances towards pivotal milestones. The company, in a statement, said that it has this week received a...
Tower Resources close to confirming drill schedule for NJOM-3 well
Tower Resources PLC (AIM:TRP) chief executive Jeremy Asher told investors he believes that the explorer is close to having a final schedule for the NJOM-3 well, in Cameroon, which he says will be transformational for the company. The company, in...
Tower Resources agrees equity funding deal for up to US$6mln
Tower Resources PLC (AIM:TRP) is launching an equity fund raise with US-based investor Energy Exploration Capital Partners (EECP), which is agreeing to provide US$6mln over multiple tranches to fund a programme of work to satisfy its work commitments in Cameroon,...
Tower Resources receives approval for loan from Cameroon bank
Tower Resources PLC (AIM:TRP) said its subsidiary, Tower Resources Cameroon SA (TRCSA), has had its medium-term loan of roughly US$7mln approved by a Cameroonian bank. The loan is part of the financing for its Thali Production Sharing Contract (PSC) in the Rio...
Tower Resources highlights “significant progress” in its first half
Tower Resources PLC (AIM:TRP) chief executive Jeremy Asher highlighted ‘significant progress in a volatile environment' as the AIM-quoted explorer reported interim results for the first six months of 2022. Significantly, the company highlighted that its exploration prospects and asset base...
Tower Resources raises £1.5mln as it looks to make drilling headway in Cameroon
Tower Resources PLC (AIM:TRP) said it had secured £1.5mln of equity funding by issuing new shares at 0.175p each. Chairman Jeremy Asher bought £250,000 of new stock in the fundraiser.
Junior Gold Miner Tower Resources Hits Significant Mineralization Again: Has A New Star Been Born?
On Wednesday, Tower Resources, Ltd (OTC: TWRFF) (TSXV: TWR) announced it had received the final assays from its six-hole delineation program, which was drilled in April at the company's Rabbit North property near Kamloops, British Columbia. The assays from the first...
Tower Resources inks loan agreement to help fund Cameroon well
Tower Resources PLC (AIM:TRP) told investors it has a signed term sheet with Central African brank BGFI for a 4.42bn Cameroon francs loan, equivalent to around US$7.1mln, as part of its funding arrangements for the upcoming NJOM-3 well on the...
Source: https://incomestatements.info
Category: Stock Reports