Abacus Mining & Exploration Appoints Niina Makela as CFO

The latest announcement is out from Abacus Mining & Exploration ( (TSE:AME) ).

Abacus Mining & Exploration Corporation has appointed Niina Makela as its new Chief Financial Officer, effective June 1, 2025. Makela, who has over 15 years of experience in the resource sector, has been with the company since 2012 and previously served as CFO for Maritime Resources Corp. This leadership change is expected to strengthen the company’s financial management as it continues to focus on its copper and gold projects in British Columbia and Nevada. The company also expressed gratitude to the outgoing CFO, Jeannine Webb, for her contributions over the past 11 years, noting that she will remain with the company as an advisor.

Spark’s Take on TSE:AME Stock

According to Spark, TipRanks’ AI Analyst, TSE:AME is a Underperform.

Abacus Mining & Exploration is under significant financial pressure, with no revenue, ongoing losses, and negative equity. The technical indicators show no momentum, while the valuation remains unattractive due to a negative P/E ratio. Although the recent capital raise is a positive move, it highlights reliance on external funding. Immediate strategic changes are necessary for potential improvement.

To see Spark’s full report on TSE:AME stock, click here.

More about Abacus Mining & Exploration

Abacus Mining & Exploration Corporation is a mineral exploration and mine development company focusing on copper and gold projects in British Columbia and Nevada. Its main asset is a 20% ownership interest in the proposed copper-gold Ajax Mine, located southwest of Kamloops, B.C., and it also owns a 100% interest in the Willow copper-gold property near Yerington, Nevada.

Average Trading Volume: 31,529

Technical Sentiment Signal: Sell

Current Market Cap: C$2.59M

See more data about AME stock on TipRanks’ Stock Analysis page.