GobiMin Announces Third Quarter 2020 Results

(Expressed in United States dollars except where otherwise indicated)

MONTREAL, Nov. 25, 2020 (GLOBE NEWSWIRE) -- (TSXV: GMN) GobiMin Inc. (“GobiMin” or the “Company”, together with its subsidiaries collectively the “Group”) reports its financial and operating results for the third quarter of 2020. The unaudited condensed interim financial statements along with quarterly highlights of management’s discussion and analysis have been filed with SEDAR (www.sedar.com) and are also available at the website of the Company (www.gobimin.com).

Financial Highlights

	3 months ended September 30		12 months ended
	2020	2019	December 31, 2019
	$	$	$
Revenue	0.3 million	0.4 million	1.3 million
Gain on disposal of financial assets	0.1 million	0.5 million	0.6 million
Fair value gain on financial assets	55,000	25,000	0.9 million
Net (loss)/profit for the period/year	(0.4 million)	46,000	(0.5 million)
(Loss)/Profit attributable to shareholders of the Company	(0.2 million)	0.1 million	(0.3 million)
(LBITDA)/EBITDA (1)	(0.3 million)	11,000	(0.6 million)
Basic and diluted (loss)/earnings per share	(0.005)	0.001	(0.007)
(LBITDA)/EBITDA per share (1)	(0.006)	0.0002	(0.013)
Cash and cash equivalents	18.3 million	21.4 million	17.8 million
Cash and cash equivalents per share (1)	0.37	0.43	0.36
Working capital	21.5 million	23.8 million	21.3 million
Total current liabilities	2.4 million	2.3 million	2.5 million
Total non-current financial liabilities	-	0.4 million	0.4 million
Total assets	74.5 million	76.0 million	76.0 million

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