Minefinders Corp. Ltd. (USA) (AMEX:MFN)
About Minefinders Corp. Ltd. (USA) (AMEX:MFN) Minefinders Corporation Ltd. (Minefinders) is in the business of exploration for, and development and mining of, precious and base metal properties. Interests in these properties are held directly and indirectly through exploitation and exploration concessions, leases, options and working interests. The Company’s properties are located in Mexico and the United States. The Company’s principal and only material mineral property interest is the Dolores property, located in Chihuahua, Mexico. The Company also has property interests in Sonora, Mexico (the Sonora Properties). The Sonora Properties include the resource bearing La Bolsa gold and silver deposit, the Real Viejo silver prospect and the Planchas de Plata silver prospect. The Company has other mineral property interests in northern Mexico and in the United States which are in the early exploration-stage.
Statistics Symbol
MFN
EPS:
-0.03
Current Price
$9.96
Market Capitalization:
$657.46M
52 week range
$8.24 - $11.90
Beta
-
Avg Volume
599,399.00
P/E
-
Financials Minefinders Corp. Ltd. (USA) (AMEX:MFN) generated total revenue of $13.62 million in existing quarter as on September 30th, 2010 which shows current quarter’s revenue are noticeably lower than last quarter’s revenue. Moreover, operating and total income have gone down that resulted in further decreaseEPSfor current quarter. The company’s cash flow from operation stood at $2.03 million that is less than last quarter’s ending. DecreasedCFOshows that the company generated more cash than its expenses. Total current assets and current liabilities stood at $56.66 million and $10.90 million respectively in present quarter which is a good sign as there would more net income and fewer interest payments in future. The Company shows highest level of liquidity ratios which means company is in secure position to face any financial distress in future.
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