Wed, Mar 19, 8:37 PM (39 days ago)
**Perpetua Resources Corp. (PPTA)** **Financial Performance:** - **Revenue:** Not provided. - **Net Income:** The company reported a net loss of $14.5 million for the year ended December 31, 2024, compared to a net loss of $18.8 million in 2023. - **Operating Expenses:** Total operating expenses for 2024 were $52.1 million, compared to $40.3 million in 2023. - **Earnings per Share:** Basic and diluted loss per share was $0.22 for 2024, compared to $0.30 in 2023. **Strategic Overview:** - **Project Focus:** The company's principal asset is the Stibnite Gold Project, which contains gold, silver, and antimony deposits. - **Permitting and Environmental Matters:** The company is focused on the exploration and mining of the Stibnite Gold Project, the reclamation of prior deposits and historical tailings, and the restoration of the area to address historical activities and legacy contamination. - **Funding:** The company has engaged RBC Capital Markets and Endeavour Financial to assist with the evaluation of potential strategic and financing opportunities and to support the company’s application process in connection with the U.S. EXIM $1.8 billion Letter of Interest received in April 2024. **Future Outlook:** - **2025 Goals:** The company is focused on receiving the final permits for the Stibnite Gold Project to support a construction decision in 2025 and advancing execution planning to prepare the project to be construction-ready once all required permits are received. - **Liquidity:** The company's latest liquidity forecast indicates that available cash resources for expenses not eligible for reimbursement under the DPA funding are expected to be exhausted in the third quarter of 2025. **Risk Factors:** - **Financial Risks:** The company has a history of net losses and expects losses to continue for the foreseeable future. The company's current capital resources and liquidity include up to $10.0 million in remaining funding available under the modified TIA as of December 31, 2024, but this funding is available only for specified costs. - **Operational Risks:** The company faces numerous uncertainties in estimating economically recoverable mineral reserves and mineral resources, and inaccuracies in estimates could result in lower than expected revenues, higher than expected costs, and decreased profitability. - **Environmental Risks:** The company is subject to extensive environmental laws and regulations, and failure to comply with these laws and regulations may result in the imposition of restrictions on operations, administrative civil or criminal liabilities, injunctions, third-party property damage or personal injury claims, investigatory cleanup or other remedial obligations, or other adverse effects on the company's business, financial condition, or operations. **Financial Condition:** - **Cash and Cash Equivalents:** As of December 31, 2024, the company had cash and cash equivalents totaling approximately $44.1 million. - **Liquidity:** The company's latest liquidity forecast indicates that available cash resources for expenses not eligible for reimbursement under the DPA funding are expected to be exhausted in the third quarter of 2025. **Market Position Changes:** - **Share Price:** The company's common shares are traded on the TSX under the symbol "PPTA" and on the Nasdaq under the symbol "PPTA." - **Shareholders:** As of March 7, 2025, there were 71,254,626 common shares outstanding and 35 shareholders of record.