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MUNDORO CAPITAL INC - $MUNMF STOCK NEWS

Welcome to our dedicated page for MUNDORO CAPITAL news (Ticker: $MUNMF), a resource for investors and traders seeking the latest updates and insights on MUNDORO CAPITAL stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MUNDORO CAPITAL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MUNDORO CAPITAL's position in the market.

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Mundoro Capital Inc. (TSXV: MUN) announced its FY-2023 financial results and 2024 outlook, showcasing positive performance with a cash position of $6.5 million, a 240% increase in Fees Earned and Net Option Payments, and a net income of $1.4 million. The company plans to reinvest cash in 2024 for new projects and partnerships, with no anticipated need for capital raising. Operational highlights include advancements in exploration in Serbia, Bulgaria, and Arizona.

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1.87%
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Mundoro Capital Inc. announces positive Phase I drill results from the Dos Cabezas Project in Arizona. The drilling at the Dos Cabezas Project confirmed mineralization in two target areas, supporting the potential for a porphyry-style system. The project is located in a prospective area surrounded by known porphyry districts. The exploration program identified three target areas with potential porphyry copper systems and two undercover target areas. The drilling results showed significant mineralization, indicating the need for further exploration. Mundoro is in discussions with external parties to potentially option the project.
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Mundoro Capital Inc. had a successful 2023 marked by significant advancements, exploration programs, and partnerships. The company managed extensive field programs across ten projects in three countries, with partner-funded programs totaling $14 million. Mundoro's strategy of value creation through exploration and prospect generation was validated by forming partnerships and advancing projects. The CEO announced regaining 100% control of projects in Serbia and Arizona, with plans for new partnerships and exploration. The company's strong cash position, generative outlook, and partnership discussions reflect a positive corporate outlook for 2024.
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Mundoro Capital Inc. provides an update on its exploration portfolio, highlighting nine active projects, expansion of partners, and successful completion of various geophysical surveys. The company also reports on the completion of drill programs, community engagement, and advancing exploration for upcoming drill programs with multiple partners. Additionally, the company provides a corporate update regarding its Normal Course Issuer Bid.
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Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) has submitted a Notice of Intention to make a Normal Course Issuer Bid (NCIB Program) to enhance shareholder value. The company plans to purchase for cancellation up to 5,224,434 of its Common Shares, or approximately 5% of the Common Shares outstanding, at market price. Mundoro highlights its strong financial position, positive Cash from Operations, and active programs with major mining companies as reasons for the NCIB Program.
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Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) reported profitable financial results for the first nine months ending September 30, 2023, with a 428% increase in Cash Flow from Operations to $1,315,362. The Company held $5,780,203 in cash and cash equivalents with no long-term debt. Fees and Payments increased by 110% and 194% for the three and nine-month periods, respectively. Net income saw a 565% and 332% increase for the same periods. The Company is advancing exploration for upcoming drill programs in various projects, with assay results and geophysical interpretations expected in Q4-2023.
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Mundoro Capital Inc. announces drill program at Dos Cabezas Project in Arizona
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Mundoro Capital Inc. reports profitable H1-2023 with a 561% increase in Cash Flow from Operations to $1,263,215. Fees earned in H1-2023 increased by 298% to $1,464,598. Net income for H1-2023 was $1,084,863 compared to a net loss of $481,794 in the same period in 2022. Cash flow generated from operating activities in H1-2023 was $3,725,504. The company is projected to complete 17,000 meters of drilling in 2023 with partner-funded exploration expenditures of $15 million.
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MUNDORO CAPITAL INC

OTC:MUNMF

MUNMF Rankings

MUNMF Stock Data

12.83M
86.20M
1.37%
40.63%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver