Welcome to our dedicated page for ELYSEE DEVELOPMENT news (Ticker: $ASXSF), a resource for investors and traders seeking the latest updates and insights on ELYSEE DEVELOPMENT stock.
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Elysee Development Corp. reported a net income of $278,436 ($0.01 per share) for Q1 2024, down from $574,676 ($0.02 per share) in Q1 2023. Total investment income decreased to $394,915 in Q1 2024 from $715,735 in Q1 2023. Net Asset Value per share rose to $0.40 on March 31, 2024. The company's cash on hand as of March 31, 2024, was $844,675 with no debt. The investment portfolio saw an unrealized gain on securities of $484,727, with interest and dividend income of $58,285 and realized losses of $146,587. General and administrative expenses decreased to $116,479 in Q1 2024. Elysee focused on increasing positions in copper and gold mining companies, with plans to raise more cash by selling non-core investments. The company bought back 163,500 of its shares at a cost of $44,403 during the three months ended March 31, 2024. Significant investments include U.S. Vanadium , Arizona Sonoran Copper Company, Dundee Precious Metals, Calibre Mining Corp., Agnico Eagle Mines , and Hudbay Minerals Inc.
