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NJMC New Jersey Mining

New Jersey Mining Company is headquartered in North Idaho, where it is producing gold at its Golden Chest Mine. Gold was first discovered in the Murray Gold Belt in 1882, but by 1888 mining declined as the center of activity and demand for labor shifted to the Silver Valley following the discovery of the Bunker Hill, Sunshine, Lucky Friday, and other iconic regional mines. The rebirth of the long-forgotten Murray Gold Belt has been led by NJMC, as evidenced by production from open-pit and underground operations at the Golden Chest Mine, its extensive land package and superior knowledge of the district gained from current development and production, and ongoing exploration activities.

Company profile

Ticker
NJMC
Exchange
CEO
John A. Swallow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
820490295

NJMC stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

31 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.54M 2.54M 2.54M 2.54M 2.54M 2.54M
Cash burn (monthly) 203.62K (positive/no burn) 102.9K 82.93K 201.39K 40.2K
Cash used (since last report) 700.79K n/a 354.13K 285.39K 693.09K 138.36K
Cash remaining 1.84M n/a 2.19M 2.25M 1.85M 2.4M
Runway (months of cash) 9.0 n/a 21.2 27.2 9.2 59.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Feb 21 Grant A Brackebusch Stock Options Grant Aquire A No No 0.4 200,000 80K 2,000,000
11 Feb 21 Swallow John Stock Options Common stock Grant Aquire A No No 0.4 200,000 80K 1,600,000
11 Feb 21 Kevin G Shiell Stock Options Common stock Grant Aquire A No No 0.4 200,000 80K 200,000
11 Feb 21 Robert John Morgan Stock Options Common stock Grant Aquire A No No 0.4 200,000 80K 300,000
11 Feb 21 Monique D Hayes Stock Options Common stock Grant Aquire A No No 0.4 200,000 80K 238,688

Financial report summary

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Management Discussion
  • ·Revenue from gold concentrate sales was $5,674,947 for the year ending December 31, 2020 compared to $6,119,512 for the comparable period in 2019. The decrease in revenue from mining operations is the result of fewer tonnes processed at the mill due to less tonnes and lower grade mineralized material being mined in the open pit in 2020 compared to 2019. 
  • ·Gross profit in 2020 was $67,546 compared to a gross profit of $738,548 in 2019 also because of fewer tonnes and lower grade mineralized material being mined in the open pit in 2020 compared to 2019. 
  • ·The Company had a net loss of $739,939 in 2020 compared to a net loss of $726,507 for the same period in 2019. 
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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