Welcome to our dedicated page for Mundoro Cap news (Ticker: MUNMF), a resource for investors and traders seeking the latest updates and insights on Mundoro Cap stock.
Mundoro Capital Inc. (MUNMF) is a mineral exploration company advancing copper porphyry systems and precious metal targets through partner-funded programs in North America and Europe. This page provides investors with a comprehensive collection of official news releases and verified updates.
Access timely reports on drilling results, joint venture developments, and corporate milestones. Our curated feed includes technical disclosures from projects in Arizona (USA), Serbia, and Bulgaria, alongside financial reporting and strategic partnership announcements.
Key updates undergo rigorous verification to ensure compliance with NI 43-101 standards and financial disclosure regulations. Bookmark this page to monitor exploration progress across Mundoro’s portfolio of copper-gold-molybdenum targets and royalty-generating assets.
Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) has reported its H1-2024 financial results and provided an update on exploration activities. Key highlights include:
- Strong cash position of $4,372,473 as of June 30, 2024
- Generated $918,080 in fees and payments
- Net loss of $286,337
- Ongoing discussions for optioning projects in Serbia and Arizona
- Purchased 174,000 shares through NCIB program
Exploration plans for H2-2024 include:
- Drill program at Trstenik, Serbia in Q4-2024
- Ground magnetic survey and sampling at South Timok licenses, Serbia
- Environmental assessment at EE1, Bulgaria
- Reconnaissance mapping and sampling at Copperopolis and Dos Cabezas, USA
Partner-funded programs with BHP and JOGMEC are progressing, with AMT surveys completed at various projects and environmental assessments underway.
Mundoro Capital released its Q1-2024 financial results and exploration updates. As of March 31, 2024, Mundoro held $3,610,283 in cash, down from $6,479,508 at the end of 2023, with no long-term debt. The company reported a net income of $313,305, up from $294,586 in Q1-2023. Exploration expenses, mainly funded by partners, increased to $2,637,541 from $1,686,880 in Q1-2023. Recoveries from partners were $2,584,073, leading to net exploration costs of $53,468. Corporate expenses decreased to $267,522 from $341,199. Cash flow from operations increased to $424,967 from $357,152. Mundoro is in discussions for joint ventures in Serbia and Arizona. Key exploration activities include ongoing surveys and sample analysis in Serbia. Despite no mineralization from a test drill in the Padina license, the costs were covered by Vale prior to the termination of their agreement in April 2024.
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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