MAGE
Magellan Copper and Gold Corp.0.2700
+0.0400+17.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.39MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Magellan Copper & Gold narrowed its Q2 operating loss to $47,314 from $71,817 a year earlier, thanks to lower professional fees, while flipping to a slim $2,391 net profit on a $67,769 gain from derivative liability changes. For the half-year, operating expenses dropped 39% year-over-year to $105,350, but a $15,042 derivative loss and $19,950 debt conversion hit pushed the net loss to $181,749, wider than last year's $204,402 yet showing cost discipline. Cash dipped to $589 amid $26,917 in operating outflows, offset by $140,000 from stock sales; total debt lingers around $1.0M in past-due convertibles, with $62,200 in derivatives. In February 2025, it shifted focus to the Cable Project earn-in, crediting $100,000 from the scrapped Kris deal toward a $500,000 spend for 45% interest over 24 months. Funding stays tight. Exploration delays loom large.
10-Q
Q1 FY2025 results
Magellan Copper & Gold trimmed its Q1 operating loss to $58K from $100K a year earlier, thanks to lower stock-based compensation, yet net loss widened to $184K on a $83K swing in derivative liability losses and a $20K hit from debt conversion. Cash climbed to $5.8K after raising $140K via stock sales, while financing activities covered $22K in operating outflows; no capex means free cash flow not disclosed in the 10-Q. Total debt lingers around $1M in mostly past-due convertible notes at 8-12% rates, with $1.97M in current liabilities against minimal assets. In February 2025, it inked an MOU to earn 45% in the Cable Mine Project by spending $400K net over 24 months, crediting its prior Kris deposit. Exploration funding stays tight. Volatility in mineral prices poses a key risk.
10-K
FY2024 results
Magellan Copper & Gold Corp. reported a net loss of $769,810 for FY2024 ended December 31, 2024, an improvement from $1,464,036 in 2023, driven by lower impairment charges of $422,565 versus $1,194,274 the prior year after writing down acquired mineral properties to zero. Operating expenses fell to $742,503, reflecting reduced exploration write-offs, while general and administrative costs rose modestly to $319,938 amid ongoing permitting delays. No revenue was generated, with cash dipping to $896 and a working capital deficit widening to $1,981,883, funded by $115,000 in related-party notes and $143,500 in financing inflows. Shares outstanding climbed to 26.2 million after issuing 5.5 million for the impaired Blue Jacket acquisition. No quarterly breakdowns disclosed. Liquidity strained by $1.98 million in liabilities. Substantial doubt persists on going concern amid funding needs. Permitting delays could further stall momentum.
8-K
Cable Mine earn-in agreement
Magellan Copper and Gold Corp. entered a memorandum of understanding with Gold Express Mines on February 21, 2025, to earn up to 45% working interest in the historic Cable Mine in Montana by investing $400,000 net in exploration and development over 24 months. This shifts focus from the terminated Kris Mine agreement, targeting a historic copper-gold resource of 207,000 tons at 1.5-4% copper and 0.11-0.14 oz/t gold, though confirmation via modern drilling is needed. Permitting hurdles loom large. Deal pivots to bonanza-grade potential.
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