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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

17 May 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 3.11M 3.11M 3.11M 3.11M 3.11M 3.11M
Cash burn (monthly) (positive/no burn) (positive/no burn) 542.22K 206.02K 239.72K 102.15K
Cash used (since last report) n/a n/a 2.15M 815.35K 948.74K 404.27K
Cash remaining n/a n/a 966.46K 2.3M 2.16M 2.71M
Runway (months of cash) n/a n/a 1.8 11.1 9.0 26.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jun 21 Monique D Hayes Common shares Buy Aquire P No No 0.18 138,888 25K 338,688
28 Jun 21 Monique D Hayes Convertible promissory note Common stock Option exercise Aquire M No No 0.18 138,000 24.84K 200,000
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

Financial report summary

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Management Discussion
  • New Jersey Mining Company is a gold producer focused on diversifying and building its asset base and cash flows through a portfolio of mineral properties located in historic producing gold districts in Idaho and Montana.
  • The Company’s plan of operation is to generate positive cash flow, while reducing debt and growing its production and asset base over time while being mindful of corporate overhead. The Companies management is focused on utilizing its in-house skills to build a portfolio of producing mines and milling operations with a primary focus on gold and secondary focus on silver and base metals.
  • The Company’s properties include: the Golden Chest Mine (currently in production), the New Jersey Mill (majority ownership interest), and a 50% carried to production interest in the past producing Butte Highlands Mine located in Montana. In addition to its producing and near-term production projects, New Jersey Mining Company has additional exploration prospects, including the McKinley-Monarch and Eastern Star located in Central Idaho, and additional holdings near the Golden Chest in the Murray Gold Belt including the 368 acres of patented claims in Alder Gulch purchased in the first quarter of 2020. Recently, the Company added two rare earth element properties in Idaho to its portfolio of exploration properties in an effort to diversify its holdings towards the anticipated demand for these elements in the electrification of motorized vehicles.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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