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Midnight Sun Mining

OTCPK:MDNG.F
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MDNG.F
OTCPK
CA$12M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Midnight Sun Mining Corp., a mineral exploration and development company, acquires and explores for mineral properties in Africa. The last earnings update was 21 days ago. More info.


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  • Midnight Sun Mining has significant price volatility in the past 3 months.
MDNG.F Share Price and Events
7 Day Returns
0%
OTCPK:MDNG.F
-3.6%
US Metals and Mining
-3.9%
US Market
1 Year Returns
-63.4%
OTCPK:MDNG.F
-27.7%
US Metals and Mining
1.4%
US Market
MDNG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Midnight Sun Mining (MDNG.F) 0% -16% -4.5% -63.4% -2.3% -40%
US Metals and Mining -3.6% -11.6% -6.2% -27.7% 4.8% -19.9%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • MDNG.F underperformed the Metals and Mining industry which returned -27.7% over the past year.
  • MDNG.F underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
MDNG.F
Industry
5yr Volatility vs Market

MDNG.F Value

 Is Midnight Sun Mining 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 Midnight Sun Mining. This is due to cash flow or dividend data being unavailable. The share price is $0.084.
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 Midnight Sun Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Midnight Sun Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MDNG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.02
TSXV:MMA Share Price ** TSXV (2019-05-07) in CAD CA$0.13
United States of America Metals and Mining Industry PE Ratio Median Figure of 46 Publicly-Listed Metals and Mining Companies 9.38x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

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

** Primary Listing of Midnight Sun Mining.

OTCPK:MDNG.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.13 ÷ -0.02

-7.13x

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

  • Midnight Sun Mining is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Midnight Sun Mining is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Midnight Sun Mining's expected growth come at a high price?
Raw Data
OTCPK:MDNG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 25 Publicly-Listed Metals and Mining Companies 0.62x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*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 Midnight Sun Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Midnight Sun Mining's assets?
Raw Data
OTCPK:MDNG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.12
TSXV:MMA Share Price * TSXV (2019-05-07) in CAD CA$0.13
United States of America Metals and Mining Industry PB Ratio Median Figure of 103 Publicly-Listed Metals and Mining Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:MDNG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.13 ÷ 0.12

1.06x

* Primary Listing of Midnight Sun Mining.

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

  • Midnight Sun Mining is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Midnight Sun Mining'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. Midnight Sun Mining 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.

MDNG.F Future Performance

 How is Midnight Sun Mining 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 Midnight Sun Mining 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
20.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Midnight Sun Mining expected to grow at an attractive rate?
  • Unable to compare Midnight Sun Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Midnight Sun Mining's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Midnight Sun Mining's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MDNG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 20.3%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:MDNG.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
OTCPK:MDNG.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -1
2018-09-30 -1 -2
2018-06-30 -1 -2
2018-03-31 -1 -1
2017-12-31 0 -1
2017-09-30 0 -1
2017-06-30 0 -1
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Midnight Sun Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Midnight Sun Mining 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
OTCPK:MDNG.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Midnight Sun Mining Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MDNG.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.02
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*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 Midnight Sun Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MDNG.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Midnight Sun Mining'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. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Midnight Sun Mining's filings and announcements 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 Midnight Sun Mining'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Midnight Sun Mining 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.

MDNG.F Past Performance

  How has Midnight Sun Mining 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 Midnight Sun Mining'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.
  • Midnight Sun Mining does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Midnight Sun Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Midnight Sun Mining's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Midnight Sun Mining'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 Midnight Sun Mining Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MDNG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -1.46 1.25
2018-09-30 -1.77 1.51
2018-06-30 -1.92 1.66
2018-03-31 -1.48 1.26
2017-12-31 -0.89 0.77
2017-09-30 -0.72 0.66
2017-06-30 -0.50 0.43
2017-03-31 -0.43 0.34
2016-12-31 -0.41 0.31
2016-09-30 -0.25 0.12
2016-06-30 -0.26 0.13
2016-03-31 -0.24 0.13
2015-12-31 -0.23 0.14
2015-09-30 -0.23 0.15
2015-06-30 -0.22 0.14
2015-03-31 -0.23 0.15
2014-12-31 -0.25 0.17
2014-09-30 -0.22 0.15
2014-06-30 -1.71 0.17
2014-03-31 -1.72 0.18
2013-12-31 -1.72 0.18
2013-09-30 -1.75 0.19
2013-06-30 -0.26 0.15
2013-03-31 -0.48 0.37
2012-12-31 -0.48 0.36
2012-09-30 -0.85 0.42
2012-06-30 -1.26 0.43

*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 Midnight Sun Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Midnight Sun Mining has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Midnight Sun Mining 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 Midnight Sun Mining'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.
Midnight Sun Mining 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.

MDNG.F Health

 How is Midnight Sun Mining'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 Midnight Sun Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Midnight Sun Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Midnight Sun Mining has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Midnight Sun Mining'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.
  • High level of physical assets or inventory.
  • Midnight Sun Mining 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 Midnight Sun Mining Company Filings, last reported 4 months ago.

OTCPK:MDNG.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10.87 0.00 0.21
2018-09-30 10.00 0.00 0.02
2018-06-30 10.12 0.00 0.20
2018-03-31 9.23 0.00 1.05
2017-12-31 9.00 0.00 1.53
2017-09-30 6.24 0.00 0.02
2017-06-30 6.26 0.00 0.05
2017-03-31 2.33 0.00 0.29
2016-12-31 2.20 0.00 0.70
2016-09-30 0.99 0.00 0.01
2016-06-30 1.04 0.00 0.01
2016-03-31 1.11 0.00 0.07
2015-12-31 0.87 0.00
2015-09-30 0.58 0.02
2015-06-30 0.62 0.02
2015-03-31 0.66 0.00
2014-12-31 0.72 0.00
2014-09-30 0.78 0.01
2014-06-30 0.83 0.00 0.07
2014-03-31 0.56 0.00 0.03
2013-12-31 0.39 0.00 0.12
2013-09-30 -0.25 0.00 0.00
2013-06-30 1.28 0.00 0.03
2013-03-31 1.33 0.00 0.03
2012-12-31 1.41 0.00 0.07
2012-09-30 1.50 0.00 0.13
2012-06-30 1.54 0.00 0.99
  • Midnight Sun Mining has no debt.
  • Midnight Sun Mining had no debt 5 years ago.
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.

  • Midnight Sun Mining has less than a year of cash runway based on current free cash flow.
  • Midnight Sun Mining has less than a year of cash runway if free cash flow continues to grow at historical rates of 77.1% each year.
X
Financial health checks
We assess Midnight Sun Mining'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. Midnight Sun Mining has a total score of 3/6, 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.

MDNG.F Dividends

 What is Midnight Sun Mining'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 Midnight Sun Mining dividends.
If you bought $2,000 of Midnight Sun Mining 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 Midnight Sun Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Midnight Sun Mining'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
OTCPK:MDNG.F 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
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

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 Midnight Sun Mining has not reported any payouts.
  • Unable to verify if Midnight Sun Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Midnight Sun Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Midnight Sun Mining 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 Midnight Sun Mining'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 Midnight Sun Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Midnight Sun Mining 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.

MDNG.F Management

 What is the CEO of Midnight Sun Mining'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
Al Fabbro
COMPENSATION CA$0
AGE 61
TENURE AS CEO 0.4 years
CEO Bio

Mr. Allan John Fabbro, also known as Al, is a Self-Employed Consultant. He has been a Director of Winston Gold Mining Corp. since October 23, 2015. Mr. Fabbro served as the Chief Executive Officer and President of Parallel Mining Corp. from December 4, 2012 to April 24, 2014. He served as the Chief Executive Officer and President of Midnight Sun Mining Corp. from May 2010 to May 6, 2013. He served as the President at WPC Resources Inc. from February 19, 2009 to June 2014. He served as the Chief Executive Officer and President of American Consolidated Minerals Corp. from May 2009 to May 2013. From 1984 to 1990, he headed the retail trading department of Yorkton Securities. He served six years with Yorkton's Natural Resource Group. He served as an Investment Advisor/Broker with Canaccord Capital Corporation for 11 years, where he specialized in the natural resource sector. He has extensive international financing and resource-based background. He has over 30 years’ experience in both the finance and mining industries. He serves as the Chairman of Advisory Board of Galore Resources Inc. He has been an Independent Director of Midnight Sun Mining Corp. since May 11, 2010 and serves its Lead Director and its Interim CEO since December 21, 2018. He has been an Independent Director of Veraz Petroleum Ltd. since December 21, 2012, AlkaLi3 Resources Inc. since December 21, 2012 and Doubleview Capital Corp. since June 10, 2013. He has been a Director of Parallel Mining Corp. since November 9, 2012, American Consolidated Minerals Corp. since May 19, 2009. He served as Director of STEM 7 Capital Inc. from June 9, 2010 to May 30, 2017. He served as a Director of WPC Resources Inc. from February 1, 2009 to September 12, 2018. He served a Director Roxgold Inc. from October 27, 2010 to September 25, 2012 and served as its Lead Director from November 2010 to September 25, 2012. He served as a Director of Cortez Gold Corp. from August 25, 2009 to August 6, 2012, China Health Labs & Diagnostics Ltd. until October 20, 2010, Parlane Resource Corp. from November 10, 2009 to August 2012 and Galore Resources Inc. from April 2012 to August 2012. He served as a Director of CCS Capital Inc.

CEO Compensation
  • Insufficient data for Al to compare compensation growth.
  • Al's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Midnight Sun Mining management team in years:

1.8
Average Tenure
61
Average Age
  • The average tenure for the Midnight Sun Mining management team is less than 2 years, this suggests a new team.
Management Team

Al Fabbro

TITLE
Acting CEO & Lead Director
AGE
61
TENURE
0.4 yrs

Wayne Moorhouse

TITLE
CFO & COO
AGE
54
TENURE
7 yrs

Bob Sibthorpe

TITLE
VP, Exploration & Director
COMPENSATION
CA$32K
AGE
68
TENURE
1.8 yrs

Matt MacKenzie

TITLE
VP of Corporate Development & Corporate Secretary
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Midnight Sun Mining board of directors in years:

7.2
Average Tenure
63
Average Age
  • The tenure for the Midnight Sun Mining board of directors is about average.
Board of Directors

Al Fabbro

TITLE
Acting CEO & Lead Director
AGE
61

Bob Sibthorpe

TITLE
VP, Exploration & Director
COMPENSATION
CA$32K
AGE
68
TENURE
9 yrs

Rick Mazur

TITLE
Director
AGE
65
TENURE
9 yrs

Tom Ye

TITLE
Director
TENURE
7.2 yrs

Tookie Angus

TITLE
Member of Advisory Board
TENURE
2.8 yrs

Brett Richards

TITLE
Director
AGE
53
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Dec 18 Buy Brett Richards Individual 18. Dec 18 18. Dec 18 1,300,000 $0.09 $115,824
11. Dec 18 Buy Brett Richards Individual 05. Dec 18 07. Dec 18 49,000 $0.10 $4,765
20. Nov 18 Buy Brett Richards Individual 19. Nov 18 19. Nov 18 111,000 $0.12 $13,340
19. Nov 18 Buy Brett Richards Individual 16. Nov 18 16. Nov 18 361,000 $0.10 $34,691
24. Oct 18 Sell Allan Fabbro Individual 18. Oct 18 18. Oct 18 -1,000,000 $0.10 $-99,797
07. Sep 18 Buy Brett Richards Individual 06. Sep 18 06. Sep 18 121,000 $0.15 $17,670
X
Management checks
We assess Midnight Sun Mining'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. Midnight Sun Mining 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.

MDNG.F News

Simply Wall St News

MDNG.F Company Info

Description

Midnight Sun Mining Corp., a mineral exploration and development company, acquires and explores for mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It has an option to acquire 60% interest in two mineral exploration permit licenses covering an area of 506 square kilometers located in Solwezi, Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Details
Name: Midnight Sun Mining Corp
MDNG.F
Exchange: OTCPK
Founded: 2007
CA$8,588,159
88,778,447
Website: http://www.midnightsunmining.com
Address: Midnight Sun Mining Corp
789 West Pender Street,
Suite 770,
Vancouver,
British Columbia, V6C 2X1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MMA Common Shares TSX Venture Exchange CA CAD 23. Jan 2008
OTCPK MDNG.F Common Shares Pink Sheets LLC US USD 23. Jan 2008
Number of employees
Current staff
Staff numbers
0
Midnight Sun Mining employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:31
End of day share price update: 2019/05/07 00:00
Last earnings filing: 2019/04/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.