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Kenorland Minerals
(OTC:KLD)
Kenorland Minerals (KLD) vs. iShares MSCI Canada ETF (EWC)
Kenorland Minerals Business Overview & Revenue Model
Kenorland Minerals Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.02M | 2.85M | 3.72M | 2.47M | 2.00M | 631.19K |
| Gross Profit | 2.93M | 2.76M | 3.67M | 2.46M | 1.97M | 599.19K |
| EBITDA | -7.13M | -1.94M | -4.13M | 19.13M | 1.20M | -6.15M |
| Net Income | -9.02M | -3.69M | -4.42M | 16.24M | 1.11M | -6.19M |
Balance Sheet | ||||||
| Total Assets | 55.14M | 58.86M | 50.08M | 55.55M | 24.48M | 17.72M |
| Cash, Cash Equivalents and Short-Term Investments | 25.85M | 28.19M | 25.43M | 24.13M | 9.42M | 12.54M |
| Total Debt | 179.33K | 217.71K | 286.96K | 0.00 | 112.47K | 120.97K |
| Total Liabilities | 9.25M | 9.24M | 7.64M | 10.58M | 3.99M | 4.35M |
| Stockholders Equity | 45.88M | 49.62M | 42.45M | 44.97M | 20.49M | 13.37M |
Cash Flow | ||||||
| Free Cash Flow | -7.47M | 1.12M | -179.16K | -444.11K | -21.75M | -8.20M |
| Operating Cash Flow | -1.76M | 1.12M | -137.97K | -431.18K | -3.04M | 143.92K |
| Investing Cash Flow | -6.93M | -9.08M | 1.40M | 8.57M | -5.37M | 1.04M |
| Financing Cash Flow | 1.26M | 10.72M | 34.29K | 6.57M | 5.29M | 10.71M |
Kenorland Minerals Technical Analysis
Kenorland Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | $166.23M | ― | -18.47% | ― | -17.79% | -90.69% | |
46 Neutral | C$67.86M | ― | -52.99% | ― | ― | 45.81% | |
46 Neutral | C$398.67M | ― | -23.18% | ― | ― | 45.89% | |
41 Neutral | C$85.82M | 50.00 | 3.32% | ― | ― | -69.60% | |
40 Underperform | $169.94M | ― | -79.66% | ― | ― | -565.80% | |
36 Underperform | C$249.01M | ― | -26.46% | ― | ― | -110.00% |
Kenorland Minerals Corporate Events
Kenorland Minerals has provided an update on its exploration activities for 2025, highlighting significant progress across its projects. The company reported substantial drilling results from the Regnault gold system in Quebec, demonstrating the scale and continuity of mineralization. Kenorland is also advancing permitting processes with Sumitomo for an underground decline at Regnault. Additionally, a new gold system was discovered at the South Uchi Project in Ontario, with plans for further drilling. These developments indicate Kenorland’s strong operational momentum and potential for future growth, benefiting its stakeholders and enhancing its industry positioning.
Kenorland Minerals and Auranova Resources have announced the results of their 2025 Winter drill program at the South Uchi Project in Ontario, revealing a new gold system with significant mineralization across a five-kilometer structural corridor. Auranova has completed its initial earn-in, acquiring a 51% stake in the project, and both companies plan to continue exploration with a follow-up drill program in late summer, aiming to further understand and develop this promising gold system.
Kenorland Minerals Ltd. has announced the termination of its joint venture with Newmont Corporation at the Healy Project in Alaska, as both parties decided not to pursue further exploration due to cost considerations and a shift in focus to higher priority projects. Additionally, Kenorland completed a ‘top-up right’ transaction with Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc., issuing 257,737 common shares to maintain their respective interests in the company. This move reflects Kenorland’s strategic adjustments and financial maneuvers to optimize its project portfolio and shareholder structure.
Kenorland Minerals Ltd. has entered into an agreement with Centerra Gold Inc.’s subsidiary, Thompson Creek Metals Company Inc., allowing Centerra to acquire up to a 70% interest in Kenorland’s Flora, Western Wabigoon, and Algoman Projects in Northwestern Ontario. This agreement involves a two-stage option process where Centerra can earn an initial 51% interest by investing C$10 million in exploration over three years and a further 19% by completing a Preliminary Economic Assessment. The partnership positions Kenorland to benefit from Centerra’s resources while retaining a significant stake in the projects, potentially enhancing its industry positioning and offering growth opportunities for stakeholders.
Kenorland Minerals Ltd. announced promising results from its 2025 winter drill program at the Frotet Project in Quebec, highlighting high-grade gold intercepts from the Regnault system. The results indicate significant growth potential, with mineralization remaining open in multiple directions, suggesting a larger gold discovery could be forthcoming.
Kenorland Minerals Ltd. has completed the acquisition of a 100% interest in mineral claims contiguous to the Atlantic Project in New Brunswick, expanding its exploration footprint in a promising area for gold and polymetallic deposits. Additionally, Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc. have exercised their top-up rights to maintain their respective interests in Kenorland, reflecting continued investor confidence in the company’s strategic direction and potential for discovery.
Kenorland Minerals Ltd. has expanded its exploration portfolio by acquiring significant mineral claims in Ontario and New Brunswick, Canada. The acquisitions include the Kowkash Project in the Onaman-Tashota Greenstone Belt and the Atlantic Project in the northern Appalachian orogen. These areas are underexplored yet highly prospective for various mineralization styles, including gold, silver, copper, and zinc. The expansion signifies Kenorland’s commitment to systematic exploration in promising geological settings, potentially enhancing its industry positioning and offering new opportunities for stakeholders.
Kenorland Minerals Ltd. announced the completion of the ‘top-up right’ exercise by Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc., maintaining their respective interests in the company. This transaction involved the issuance of 209,054 common shares at $1.533 per share, amounting to $320,479.78, and is considered a related party transaction under MI 61-101 due to Sumitomo’s significant ownership stake. The move is strategic for Kenorland, ensuring continued investment from key stakeholders and reinforcing its financial position in the mineral exploration sector.
Kenorland Minerals Ltd. and Auranova Resources Inc. have completed their maiden winter drill program at the South Uchi Project in Ontario, marking the first-ever drilling at the Papaonga target. The program involved 27 diamond drill holes over a large area, revealing multiple vein and sulphide generations indicative of long-lived fluid flow and deformation, although economically significant gold grades have not yet been confirmed. The completion of this program sets the stage for a potential summer drill program, as Kenorland plans to maintain the camp and infrastructure for further exploration.