Loading...

Mirasol Resources

DB:M8R
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M8R
DB
CA$31M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Mirasol Resources Ltd., a mineral exploration company, engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Mirasol Resources has significant price volatility in the past 3 months.
M8R Share Price and Events
7 Day Returns
-7%
DB:M8R
-0.6%
DE Metals and Mining
0.3%
DE Market
1 Year Returns
-70.9%
DB:M8R
-46.7%
DE Metals and Mining
-11.7%
DE Market
M8R Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mirasol Resources (M8R) -7% -8.4% -50% -70.9% -77.2% -56.5%
DE Metals and Mining -0.6% -6.1% -11.7% -46.7% -28.7% -36.7%
DE Market 0.3% -2.3% -1.1% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • M8R underperformed the Metals and Mining industry which returned -46.7% over the past year.
  • M8R underperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
M8R
Industry
5yr Volatility vs Market

M8R Value

 Is Mirasol Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mirasol Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.3498.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mirasol Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mirasol Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M8R PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.09
TSXV:MRZ Share Price ** TSXV (2019-06-17) in CAD CA$0.56
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.5x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mirasol Resources.

DB:M8R PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:MRZ Share Price ÷ EPS (both in CAD)

= 0.56 ÷ -0.09

-5.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mirasol Resources is loss making, we can't compare its value to the Europe Metals and Mining industry average.
  • Mirasol Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Mirasol Resources's expected growth come at a high price?
Raw Data
DB:M8R PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.65x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mirasol Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mirasol Resources's assets?
Raw Data
DB:M8R PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$0.48
TSXV:MRZ Share Price * TSXV (2019-06-17) in CAD CA$0.56
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.25x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:M8R PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:MRZ Share Price ÷ Book Value per Share (both in CAD)

= 0.56 ÷ 0.48

1.17x

* Primary Listing of Mirasol Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mirasol Resources is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Mirasol Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mirasol Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

M8R Future Performance

 How is Mirasol Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mirasol Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mirasol Resources expected to grow at an attractive rate?
  • Unable to compare Mirasol Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mirasol Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Mirasol Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:M8R Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 46.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:M8R Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:M8R Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 -6 -5
2018-12-31 -4 -3
2018-09-30 -5 -4
2018-06-30 -4 -4
2018-03-31 -4 -6
2017-12-31 -4 -6
2017-09-30 -5 -7
2017-06-30 -7 -7
2017-03-31 -7 -7
2016-12-31 -3 -8
2016-09-30 -4 -8
2016-06-30 -3 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mirasol Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Mirasol Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:M8R Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mirasol Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M8R Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.09
2018-12-31 -0.06
2018-09-30 -0.08
2018-06-30 -0.09
2018-03-31 -0.12
2017-12-31 -0.12
2017-09-30 -0.14
2017-06-30 -0.15
2017-03-31 -0.15
2016-12-31 -0.18
2016-09-30 -0.18
2016-06-30 -0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mirasol Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Mirasol Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Mirasol Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Mirasol Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mirasol Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mirasol Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

M8R Past Performance

  How has Mirasol Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mirasol Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mirasol Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Mirasol Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mirasol Resources's 1-year growth to the Europe Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Mirasol Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mirasol Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M8R Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 -4.69 5.52
2018-12-31 -2.74 4.76
2018-09-30 -4.08 4.63
2018-06-30 -4.34 5.41
2018-03-31 -5.72 5.36
2017-12-31 -6.01 5.39
2017-09-30 -6.67 6.33
2017-06-30 -6.95 6.83
2017-03-31 -6.95 7.08
2016-12-31 -8.41 7.67
2016-09-30 -8.10 7.85
2016-06-30 -6.02 7.10
2016-03-31 -7.15 7.97
2015-12-31 -3.91 7.79
2015-09-30 -2.45 7.93
2015-06-30 -7.92 8.09
2015-03-31 -8.41 8.57
2014-12-31 -10.90 8.14
2014-09-30 -13.27 8.00
2014-06-30 -12.23 8.19
2014-03-31 -19.15 9.96
2013-12-31 -24.10 9.88
2013-09-30 30.54 11.50
2013-06-30 33.16 11.20
2013-03-31 39.55 9.95
2012-12-31 42.31 12.07
2012-09-30 -14.03 12.27
2012-06-30 -16.14 14.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mirasol Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mirasol Resources has efficiently used its assets last year compared to the Europe Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mirasol Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mirasol Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mirasol Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

M8R Health

 How is Mirasol Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mirasol Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mirasol Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mirasol Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mirasol Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Mirasol Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mirasol Resources Company Filings, last reported 2 months ago.

DB:M8R Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 25.81 0.00 22.28
2018-12-31 28.64 0.00 25.41
2018-09-30 28.06 0.00 24.94
2018-06-30 29.57 0.00 26.54
2018-03-31 20.83 0.00 18.98
2017-12-31 22.26 0.00 20.23
2017-09-30 23.02 0.00 20.85
2017-06-30 24.54 0.00 21.42
2017-03-31 25.89 0.00 22.97
2016-12-31 27.56 0.00 24.65
2016-09-30 29.20 0.00 26.49
2016-06-30 20.63 0.00 18.06
2016-03-31 21.81 0.00 19.29
2015-12-31 24.57 0.00 19.03
2015-09-30 25.87 0.00 20.34
2015-06-30 25.87 0.00 20.32
2015-03-31 28.06 0.00 22.55
2014-12-31 28.08 0.00 21.86
2014-09-30 27.98 0.00 24.78
2014-06-30 33.46 0.00 30.07
2014-03-31 36.45 0.00 33.51
2013-12-31 38.95 0.00 35.66
2013-09-30 41.21 0.00 38.58
2013-06-30 45.65 0.00 47.52
2013-03-31 54.91 0.00 31.20
2012-12-31 61.94 0.00 31.82
2012-09-30 8.19 0.00 5.56
2012-06-30 9.90 0.00 7.82
  • Mirasol Resources has no debt.
  • Mirasol Resources has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Mirasol Resources has sufficient cash runway for more than 3 years based on current free cash flow.
  • Mirasol Resources has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 5.5% each year.
X
Financial health checks
We assess Mirasol Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mirasol Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

M8R Dividends

 What is Mirasol Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mirasol Resources dividends.
If you bought €2,000 of Mirasol Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mirasol Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mirasol Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:M8R Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mirasol Resources has not reported any payouts.
  • Unable to verify if Mirasol Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mirasol Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mirasol Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mirasol Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mirasol Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mirasol Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

M8R Management

 What is the CEO of Mirasol Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Norm Pitcher
AGE 62
TENURE AS CEO 0.3 years
CEO Bio

Mr. Norman S. Pitcher, also known as Norm, P. Geo, has been Chief Executive Officer and President at Mirasol Resources Ltd. since February 1, 2019 and as its Director since March 2019. He serves as an Independent Director of Allegiant Gold Ltd. since December 18, 2017. Mr. Pitcher served as the President of Eldorado Gold Corporation since July 1, 2012 until December 31, 2015. Mr. Pitcher was responsible for preparing and supervising the preparation of the scientific or technical information contained in this AIF about Kisladag, Efemçukuru, Tanjianshan and Vila Nova at Eldorado Gold. He has years of experience in the mining industry and has extensive international expertise in exploration, evaluation and exploitation of open pit and underground mineral deposits. He served as Chief Operating Officer of Eldorado Gold Corp., from July 1, 2005 to July 1, 2012 and Frontier Pacific Mining Corporation since July 2008. He served as Vice President of Exploration & Corporate Development at Eldorado Gold Corp., (formerly Eldorado Corp. Ltd.) from May 2004 to July 2005. Mr. Pitcher was responsible for exploration activities and identifying new business opportunities. He served as Manager of Evaluations of Eldorado Gold Corp. from November 2003 to May 2004 and Chief Geologist for Pan American Silver from 1997 to November 2003. Throughout his career with Eldorado, Pan American Silver, H.A. Simons, Ivanhoe Gold and Pioneer Metals, he was involved in exploration, evaluation and exploitation of open pit and underground mineral deposits on a world-wide basis. Mr. Pitcher is a Professional Geologist. He has been a Independent Director of Roxgold Inc. since June 9, 2016. He is a graduate of the University of Arizona with a Bachelor of Science in Geology.

CEO Compensation
  • Insufficient data for Norm to compare compensation growth.
  • Insufficient data for Norm to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Mirasol Resources management team in years:

0.9
Average Tenure
62
Average Age
  • The average tenure for the Mirasol Resources management team is less than 2 years, this suggests a new team.
Management Team

Dana Prince

TITLE
Executive Chairman
COMPENSATION
CA$254K

Jonathan Rosset

TITLE
Vice President of Corporate Development
COMPENSATION
CA$271K
TENURE
0.9 yrs

Stephen Nano

TITLE
COMPENSATION
CA$313K
TENURE
0.3 yrs

Damien Koerber

TITLE
Business Development Consultant of Chile
COMPENSATION
CA$203K

Norm Pitcher

TITLE
President
AGE
62
TENURE
0.3 yrs

Mary Little

TITLE
Co-Founder & Consultant
COMPENSATION
CA$670K
AGE
64

Mathew Lee

TITLE
Chief Financial Officer
TENURE
0.9 yrs

Damien Coerber

TITLE
VP & Head of Exploration
TENURE
3.4 yrs

Greg Smith

TITLE
Corporate Secretary

Bernie Zacharias

TITLE
Consultant
AGE
44
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Mirasol Resources board of directors in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Mirasol Resources board of directors is about average.
Board of Directors

Dana Prince

TITLE
Executive Chairman
COMPENSATION
CA$254K
TENURE
4.3 yrs

Norm Pitcher

TITLE
President
AGE
62
TENURE
0.3 yrs

Nick DeMare

TITLE
Director
COMPENSATION
CA$38K
AGE
64
TENURE
14.3 yrs

Patrick Evans

TITLE
Director
COMPENSATION
CA$38K
AGE
63
TENURE
2.8 yrs

Alasdair MacDonald

TITLE
Member of Advisory Board
AGE
62
TENURE
12.9 yrs

John Tognetti

TITLE
Director
COMPENSATION
CA$13K
TENURE
4.3 yrs

Diane Nicolson

TITLE
Independent Director
AGE
53
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Mirasol Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. May 19 Buy Jonathan Rosset Individual 26. Apr 19 26. Apr 19 1,000 €0.40 €399
26. Apr 19 Buy John Tognetti Individual 25. Apr 19 25. Apr 19 1,000 €0.42 €419
24. Apr 19 Buy John Tognetti Individual 23. Apr 19 23. Apr 19 40,000 €0.39 €15,559
23. Apr 19 Buy Jonathan Rosset Individual 23. Apr 19 23. Apr 19 20,000 €0.39 €7,713
23. Apr 19 Buy Norman Pitcher Individual 17. Apr 19 17. Apr 19 15,000 €0.42 €6,372
22. Apr 19 Buy John Tognetti Individual 18. Apr 19 18. Apr 19 1,500 €0.44 €658
17. Apr 19 Buy John Tognetti Individual 16. Apr 19 16. Apr 19 39,500 €0.44 €17,158
16. Apr 19 Buy Jonathan Rosset Individual 16. Apr 19 16. Apr 19 25,000 €0.44 €11,041
16. Apr 19 Buy Dana Prince Individual 16. Apr 19 16. Apr 19 6,200 €0.44 €2,755
16. Apr 19 Buy John Tognetti Individual 15. Apr 19 15. Apr 19 7,500 €0.46 €3,459
15. Apr 19 Buy John Tognetti Individual 12. Apr 19 12. Apr 19 10,000 €0.46 €4,641
01. Apr 19 Buy Dana Prince Individual 01. Apr 19 01. Apr 19 40,000 €0.51 €20,452
27. Mar 19 Buy Norman Pitcher Individual 25. Mar 19 25. Mar 19 25,000 €0.52 €13,103
13. Mar 19 Buy Patrick Evans Individual 12. Mar 19 12. Mar 19 10,000 €0.70 €6,999
12. Mar 19 Buy Dana Prince Individual 12. Mar 19 12. Mar 19 11,900 €0.67 €7,957
11. Mar 19 Buy Dana Prince Individual 11. Mar 19 11. Mar 19 9,600 €0.67 €6,434
08. Mar 19 Buy Norman Pitcher Individual 06. Mar 19 07. Mar 19 50,000 €0.74 €36,582
05. Nov 18 Buy Dana H. Prince Law Corporation Company 31. Oct 18 31. Oct 18 14,200 €0.67 €9,543
19. Oct 18 Buy Jonathan Rosset Individual 19. Oct 18 19. Oct 18 15,000 €0.80 €11,951
X
Management checks
We assess Mirasol Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mirasol Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

M8R News

Simply Wall St News

M8R Company Info

Description

Mirasol Resources Ltd., a mineral exploration company, engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. It explores for gold, silver, and copper deposits. The company holds 100% interests in the Gorbea projects, which include the Atlas property and the Titan property located in Northern Chile. It also holds 100% interests in the Altazor gold project located in Northern Chile; and the Zeus gold project located in Northern Chile. In addition, the company owns interest in the Rubi project located the El Salvador mining district, Chile. Further, it owns 100% interests in the Claudia, Virginia, La Curva, Santa Rita, Nico, Homenaje, Sascha, and Libanesa projects located in the Santa Cruz province of Argentina. The company was founded in 2003 and is headquartered in Vancouver, Canada.

Details
Name: Mirasol Resources Ltd.
M8R
Exchange: DB
Founded: 2003
CA$20,813,915
54,033,878
Website: http://www.mirasolresources.com
Address: Mirasol Resources Ltd.
850 West Hastings Street,
Suite 910,
Vancouver,
British Columbia, V6C 1E1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MRZ Common Shares TSX Venture Exchange CA CAD 04. May 2005
OTCPK MRZL.F Common Shares Pink Sheets LLC US USD 04. May 2005
DB M8R Common Shares Deutsche Boerse AG DE EUR 04. May 2005
Number of employees
Current staff
Staff numbers
0
Mirasol Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 21:40
End of day share price update: 2019/06/17 00:00
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.