GobiMin Announces its 2020 Results

(Expressed in United States dollars except where otherwise indicated)

MONTREAL, April 27, 2021 (GLOBE NEWSWIRE) -- (TSXV: GMN) GobiMin Inc. (“GobiMin” or the “Company”, together with its subsidiaries collectively the “Group”) reports its financial results for the year ended December 31, 2020.

Financial Highlights

As at / For the year ended December 31,	2020	2019	2018
	$	$	$
Revenue	0.9 million	1.3 million	1.5 million
Gain on disposal of financial assets	0.3 million	0.6 million	3,500
Fair value (loss)/gain on financial assets	(0.1 million)	0.9 million	(1.1 million)
Net loss for the year	(3.3 million)	(0.5 million)	(2.9 million)
Loss attributable to shareholders of the Company	(3.1 million)	(0.3 million)	(2.8 million)
LBITDA (1)	(3.0 million)	(0.6 million)	(3.2 million)
Basic and diluted loss per share	(0.062)	(0.007)	(0.056)
LBITDA per share (1)	(0.061)	(0.013)	(0.064)
Cash and cash equivalents	19.5 million	17.8 million	17.1 million
Cash and cash equivalents per share (1)	0.40	0.36	0.34
Working capital	21.3 million	21.3 million	19.3 million
Total current liabilities	2.5 million	2.5 million	3.5 million
Total non-current financial liabilities	-	0.4 million	-
Total assets	75.0 million	76.0 million	78.1 million
Annual dividend per share	-	-	0.01

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