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Home CompaniesMidnight Sun Mining Corp

Midnight Sun Mining Corp

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.43 CAD 0.04 ( 8.86%)
Last update at 2026-11-04T20:44:00Z
VOLUME
333887
Market Cap
260.76M

Momentum Score

…

Midnight Sun Mining Corp. acquires and explores mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. Its flagship project is the Solwezi Project located in 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 based in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.40
Low
0.44
High
52 Week Price Range
0.49
Low
2.00
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Midnight Sun Mining Corp (MMA.V) is a TSX Venture–listed junior focused on mineral exploration; public disclosures about its projects are limited. Long-term growth may depend on successful drilling, permitting progress and access to capital, and favorable commodity markets supporting resource definition. Investors may find exposure to early-stage resource upside if exploration advances.
Principal risks include high exploration and development uncertainty with a significant chance of unsuccessful drilling, ongoing financing and dilution risk, regulatory and permitting hurdles, and sensitivity to commodity-price swings.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.40
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
0.03
ROE
-32.96%
Net Debt
0.35M
ROCE
-16.92%
Diluted EPS TTM
-0.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -3.35M -1.54M -3.18M -1.90M -0.76M
Minority interest 0.00M 0.00M 0.00M 0.00M 7.49M
Net income -3.35M -1.54M -3.18M -1.90M -0.76M
Selling general administrative 2.08M 1.15M 1.06M 0.97M 1.02M
Gross profit -0.08M -0.04M -0.03M -0.02M -0.02M
Reconciled depreciation 0.08M 0.04M 0.03M 0.02M 0.02M
Ebit - -1.52M -3.34M -1.93M -1.00M
Ebitda - -1.49M -3.31M -1.91M -0.98M
Depreciation and amortization - 0.04M 0.03M 0.02M 0.02M
Operating income -3.69M -1.52M -3.34M -1.93M -1.00M
Other operating expenses - 1.52M 3.41M 1.95M 1.04M
Interest expense 0.03M 0.02M 0.00M 0.00M 0.00M
Interest income 0.20M 0.00M 0.07M 0.00M 0.00M
Net interest income 0.17M -0.02M 0.06M 0.00M -0.00M
Income tax expense - 0.00M 0.00M 0.02M 0.04M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 3.69M 1.49M 3.38M 1.93M 1.02M
Cost of revenue 0.08M 0.04M 0.03M 0.02M 0.02M
Total other income expense net 0.17M -0.01M 0.16M 0.05M 0.29M
Net income from continuing ops -3.35M -1.54M -3.18M -1.90M -0.76M
Net income applicable to common shares - - -3.18M -1.90M -0.76M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 21.99M 13.96M 10.69M 20.78M 20.04M
Other current assets - 0.05M 0.02M 0.07M 0.03M
Total liab 0.46M 0.73M 0.52M 0.23M 0.24M
Total stockholder equity 19.50M 11.19M 4.62M 14.65M 12.31M
Other current liab - 0.35M 0.12M 0.07M 0.00M
Common stock - 22.08M 21.02M 21.02M 18.46M
Capital stock 32.84M 22.08M 21.02M 21.02M 18.46M
Retained earnings -17.12M -13.77M -18.75M -8.30M -7.99M
Other assets - - - 0.18M -
Cash 5.31M 0.02M 0.04M 2.56M 1.06M
Total current liabilities 0.21M 0.42M 0.48M 0.17M 0.20M
Current deferred revenue - -0.11M - - -
Net debt - 0.35M - - -
Short term debt - 0.06M - - -
Short long term debt - 0.16M - - -
Short long term debt total - 0.38M - - -
Other stockholder equity - - 2.36M 1.93M 1.84M
Property plant equipment - - 9.98M 17.61M 17.76M
Total current assets 8.04M 0.10M 0.19M 2.64M 2.28M
Long term investments 0.70M 0.53M 0.53M 0.35M -
Net tangible assets - - 4.62M 14.65M 12.31M
Short term investments 2.50M - - 0.00M 0.33M
Net receivables 0.01M 0.03M 0.13M 0.01M 0.86M
Long term debt - - 0.04M 0.04M 0.04M
Accounts payable 0.13M 0.11M 0.34M 0.08M 0.18M
Accumulated other comprehensive income - 2.88M - - -
Non currrent assets other - 12.96M - - -
Non current assets total 13.95M 13.85M 10.50M 18.14M 17.76M
Capital lease obligations 0.31M 0.38M 0.02M 0.04M 0.02M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -2.37M 0.47M -0.26M -0.13M -0.03M
Change to liabilities - - 0.28M -0.07M 0.08M
Total cashflows from investing activities - - -0.26M -0.13M -0.13M
Net borrowings -0.25M - -0.03M -0.03M 0.01M
Total cash from financing activities 10.56M 1.14M -0.02M 2.51M 1.94M
Change to operating activities - - 0.10M 0.02M -0.11M
Net income -3.35M -1.54M -3.18M -1.90M -0.76M
Change in cash 5.29M -0.02M -2.52M 1.50M 1.05M
Begin period cash flow 0.02M 0.04M 2.56M 1.06M 0.01M
End period cash flow 5.31M 0.02M 0.04M 2.56M 1.06M
Total cash from operating activities -2.90M -1.62M -2.24M -0.87M -0.75M
Issuance of capital stock 10.00M 0.93M 0.01M 1.97M 1.07M
Depreciation 0.08M 0.04M 0.03M 0.02M 0.02M
Other cashflows from investing activities - - 0.04M 0.32M 0.72M
Change to inventory - 0.23M - - -
Change to account receivables 0.01M -0.02M -0.01M 0.02M -0.00M
Other cashflows from financing activities - 0.11M 0.01M 0.57M 0.90M
Change to netincome - - 0.54M 1.03M 0.01M
Capital expenditures 0.00M 0.00M 0.00M 0.14M 0.72M
Change in working capital -0.20M -0.32M 0.37M -0.02M -0.03M
Stock based compensation 0.85M 0.53M 0.42M 0.08M 0.33M
Other non cash items -0.10M 0.29M -0.06M -0.02M -0.06M
Free cash flow -2.90M -1.62M -2.24M -1.01M -0.03M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
MMA
Midnight Sun Mining Corp		 0.04
8.86%		 0.43 - - - 13.20 -11.61
SGML
Sigma Lithium Resources Corp		 0.10
1.28%		 7.91 - 23.09 29.72 42.12 32.66
AFM
Alphamin Res		 0.03
2.00%		 1.27 8.44 9.43 2.78 3.33 3.85
SLI
Standard Lithium Ltd		 0.11
5.76%		 2.02 - - 79.52 2.40 5.29
FWZ
Fireweed Zinc Ltd		 0.03
1.25%		 2.43 - 1250.00 - 26.07 -7.01

Profile*

Midnight Sun Mining Corp

Midnight Sun Mining Corp. acquires and explores mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. Its flagship project is the Solwezi Project located in 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 based in Vancouver, Canada.

789 West Pender Street, Vancouver, BC, Canada, V6C 1H2

604-336-9959

https://www.midnightsunmining.com

Name Title Year Born
Mr. Allan John Fabbro Pres, CEO & Lead Director 1957
Mr. Alastair Brownlow B.A., C.A., CPA Chief Financial Officer 1986
Mr. Robert Alan Sibthorpe M.B.A. VP of Exploration & Director 1950
Mr. Matt MacKenzie J.D., MBA VP of Corp. Devel. & Corp. Sec. NA
Mr. Allan John Fabbro President, CEO & Lead Director 1957
Mr. Adrian P. O'Brien Director of Marketing & Communications NA
Mr. Matt MacKenzie J.D., MBA VP of Corporate Development & Corporate Secretary NA
Dr. Kevin Bonel P.Geo. COO of Zambia NA
Mr. Matt MacKenzie J.D., MBA Executive VP & Corporate Secretary NA
Mr. Adrian P. O'Brien Vice President of Business Development & Communications NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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