Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
MMA.V
STRONG SELLREMOVEMidnight Sun Mining Corp. · Basic Materials · Canada · $148M · Avg Vol: $562K/d
While Midnight Sun Mining is leveraged to copper exploration in Zambia, it is an early-stage explorer with no production or cash flow, failing our Terry Smith quality compounder lens.
COMPANY DESCRIPTION
Midnight Sun Mining Corp. is a mineral exploration company focused on the discovery of world-class copper-cobalt deposits in the prolific Zambian Copperbelt. The company's Solwezi licenses are strategically located adjacent to First Quantum Minerals' Kansanshi mine, one of the largest copper mines in Africa. Midnight Sun's competitive advantage lies in its highly prospective land package in a premier global copper district, supported by active exploration partnerships with major mining companies.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | 0 | — |
| EPS | — | -0.02 | -0.01 | -0.01 | -0.06 | — |
| Shares | — | 113M | 119M | 169M | 214M | +89.2% |
| Debt | 28,971 | 42,318 | 390,581 | 227,912 | 174,066 | 56.6% |
| Equity | — | 8M | 8M | 14M | 31M | 56.7% |
| Op CF | — | -2M | -1M | -2M | -9M | — |
| Inv CF | — | -191,124 | 340,807 | -2M | 2M | — |
| Fin CF | — | -16,870 | 822,499 | 8M | 26M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of MMA.V are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| MMA.V | Midnight Sun Mining Corp.(you) | $148M | 8 | STRONG SELL |
| GRSL.V | GR Silver Mining Ltd. | $151M | 8 | STRONG SELL |
| NCF.TO | Northcliff Resources Ltd. | $157M | 6 | STRONG SELL |
| GPH.V | Graphite One Inc. | $183M | 8 | STRONG SELL |
| NIM.V | Nicola Mining Inc. | $128M | 5 | STRONG SELL |
| MLP.V | Millennial Potash Corp. | $193M | 7 | STRONG SELL |
| BOGO.V | Borealis Mining Company Limited | $118M | 6 | STRONG SELL |
| LTH.V | Lithium Ionic Corp. | $125M | 5 | STRONG SELL |
| AGX.V | Silver X Mining Corp. | $156M | 13 | STRONG SELL |
| LIB.V | LibertyStream Infrastructure Partners Inc. | $176M | 12 | STRONG SELL |
Peer medians: ROE -12.3% · P/E 15.3x · Gross margin 0.0%