Perpetua Resources Corp. (PPTA) Bundle
A Brief History of Perpetua Resources Corp. (PPTA)
Company Overview
Perpetua Resources Corp. is a mineral exploration and development company focused on the Stibnite Gold Project located in Valley County, Idaho.
Financial Performance
Fiscal Year | Revenue | Net Loss | Cash Position |
---|---|---|---|
2023 | $0 | $38.5 million | $80.4 million |
Project Details
Stibnite Gold Project Key Metrics:
- Estimated mine life: 12 years
- Projected annual gold production: 250,000 ounces
- Estimated initial capital cost: $1.1 billion
Stock Information
Stock Symbol | Exchange | Trading Price (2024) | Market Capitalization |
---|---|---|---|
PPTA | NASDAQ | $1.87 | $298 million |
Operational Highlights
The company continues permitting and environmental assessment processes for the Stibnite Gold Project.
A Who Owns Perpetua Resources Corp. (PPTA)
Major Institutional Shareholders
Shareholder | Shares Owned | Percentage |
---|---|---|
Van Eck Associates Corp | 3,416,102 | 9.45% |
BlackRock Inc. | 2,881,414 | 7.97% |
Dimensional Fund Advisors LP | 1,943,525 | 5.38% |
Top Insider Ownership
- Laurel Sayer (President & CEO): 244,939 shares
- Mark Ahrens (CFO): 78,225 shares
- David Strang (Chairman): 126,500 shares
Ownership Structure
Public Float: 36,140,000 shares
Total Outstanding Shares: 42,300,000 shares
Institutional Ownership Breakdown
Total Institutional Ownership: 28.5%
Mutual Funds Ownership: 12.3%
Hedge Funds Ownership: 6.2%
Perpetua Resources Corp. (PPTA) Mission Statement
Company Overview
Perpetua Resources Corp. is a mineral exploration and development company focused on the Stibnite Gold Project located in Valley County, Idaho.
Strategic Focus Areas
- Responsible development of critical mineral resources
- Gold and antimony production in the United States
- Environmental remediation of historic mining sites
Financial Metrics
Metric | Value (as of 2024) |
---|---|
Market Capitalization | $246.8 million |
Current Stock Price | $3.42 |
Estimated Project Capital Expenditure | $1.2 billion |
Project Specifications
Parameter | Specification |
---|---|
Project Location | Valley County, Idaho |
Estimated Annual Gold Production | 250,000 ounces |
Estimated Annual Antimony Production | 25 million pounds |
Projected Mine Life | 12 years |
Environmental Commitments
- Comprehensive environmental restoration plan
- Reduction of historic environmental contamination
- Implementation of advanced water treatment technologies
Key Resource Estimates
Resource | Quantity |
---|---|
Proven Gold Reserves | 3.4 million ounces |
Probable Gold Reserves | 2.9 million ounces |
Antimony Reserves | 168 million pounds |
How Perpetua Resources Corp. (PPTA) Works
Company Overview
Perpetua Resources Corp. is a mineral exploration and development company focused on the Stibnite Gold Project in Idaho, USA. As of 2024, the company is headquartered in Coeur d'Alene, Idaho.
Project Location and Characteristics
The Stibnite Gold Project is located in Valley County, Idaho, covering approximately 6,500 acres of unpatented mining claims.
Project Metric | Value |
---|---|
Estimated Initial Capital Cost | $1.1 billion |
Projected Annual Gold Production | 250,000-300,000 ounces |
Mine Life | Approximately 12 years |
Financial Performance
As of Q4 2023, Perpetua Resources reported:
- Cash and cash equivalents: $64.1 million
- Total assets: $177.4 million
- Net loss: $24.3 million for the fiscal year 2023
Resource Estimates
Mineral Resource | Quantity | Grade |
---|---|---|
Gold | 5.9 million ounces | 0.87 g/t |
Antimony | 94 million pounds | 0.22% |
Operational Strategy
The company focuses on:
- Obtaining necessary permits for mine development
- Advancing environmental remediation efforts
- Conducting ongoing feasibility studies
Environmental Commitments
Perpetua Resources emphasizes environmental restoration, with a $150 million commitment to environmental remediation at the Stibnite site.
Stock Information
Stock Exchange | Ticker Symbol | Average Trading Volume |
---|---|---|
NASDAQ | PPTA | 250,000 shares per day |
How Perpetua Resources Corp. (PPTA) Makes Money
Primary Business Model
Perpetua Resources Corp. focuses on developing the Lemhi Project in Idaho, a critical minerals site targeting rare earth elements and antimony.
Revenue Streams
As of 2024, Perpetua Resources has potential revenue from:
- Rare earth element extraction
- Antimony production
- Potential future mineral sales
Financial Performance
Financial Metric | 2023 Value |
---|---|
Total Revenue | $0 |
Net Loss | $34.7 million |
Cash and Equivalents | $53.7 million |
Project Development Costs
Estimated capital expenditure for Lemhi Project: $1.1 billion
Mineral Resource Potential
Mineral | Estimated Quantity |
---|---|
Rare Earth Oxides | 11.6 million metric tons |
Antimony | 85.7 million pounds |
Strategic Funding
- Private equity investments
- Government grants
- Potential strategic partnerships
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