Company DescriptionDiamcor Mining Inc., a junior mining and exploration company, identifies, acquires, explores for, evaluates, operates, and develops diamond-based resource properties. It holds interests in the Krone-Endora at Venetia project that consists of Krone 104MS and Endora 66MS farms covering a combined surface area of approximately 5,888 hectares located in South Africa. The company is based in Kelowna, Canada.

How the Company Makes Money

Diamcor Mining Financial Statement Overview

Summary

Diamcor Mining faces substantial financial challenges with declining revenues, negative profitability margins, and high leverage. The negative cash flows and deteriorating balance sheet indicate significant operational and financial risks, necessitating strategic interventions to improve financial health.

Income Statement

Very Negative

Diamcor Mining has experienced significant revenue volatility with a declining trend, as seen by the drop from $5.76M in 2023 to negative revenue in the TTM. The gross and net profit margins are negative, indicating operational challenges. The EBIT and EBITDA margins also remain negative, reflecting ongoing profitability issues.

Balance Sheet

Very Negative

The company has a negative stockholders' equity position, indicating financial distress. The debt-to-equity ratio is not calculable due to negative equity, showcasing a leveraged position. Total assets have decreased, while liabilities remain high, further stressing the balance sheet.

Cash Flow

Very Negative

Operating and free cash flows are negative, which raises concerns about liquidity and operational efficiency. The cash flow from operations is consistently negative, and free cash flow trends are worsening, suggesting cash management issues.

TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Breakdown
Income Statement		Total Revenue
-3.27K	1.12M	5.77M	1.51M	3.96M	4.11M
	Gross Profit
-858.05K	-1.68M	1.51M	257.62K	581.30K	-388.39K
	EBIT
-3.41M	-4.72M	-1.32M	-1.84M	-3.72M	-3.95M
	EBITDA
-181.75K	-4.31M	1.61M	-255.33K	-1.71M	-1.92M
	Net Income Common Stockholders
-1.20M	-5.64M	-2.42M	-3.09M	-3.46M	-2.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
12.62K	31.18K	376.34K	257.13K	32.09K	139.08K
	Total Assets
4.22M	4.07M	9.00M	9.15M	9.02M	8.70M
	Total Debt
1.09M	10.86M	7.02M	10.14M	8.12M	4.06M
	Net Debt
1.07M	10.83M	6.64M	9.88M	8.09M	3.92M
	Total Liabilities
10.79M	13.13M	11.23M	13.44M	11.48M	7.78M
	Stockholders Equity
-2.07M	-5.41M	2.42M	294.26K	1.25M	5.69M
Cash Flow		Free Cash Flow
-1.29M	-1.47M	-177.83K	-1.41M	-3.59M	-3.05M
	Operating Cash Flow
-1.29M	-1.47M	274.99K	-1.41M	-1.23M	-3.01M
	Investing Cash Flow
246.20K	942.07K	-452.82K	-393.00	-2.34M	-40.68K
	Financing Cash Flow
779.74K	492.42K	319.36K	1.59M	3.53M	2.72M

Diamcor Mining Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DMIFF		$2.47M	―		―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
MPVDF		$10.87M	―	-39.12%	―	―	―
LUC	69 Neutral	C$106.44M	1.61	19.74%	―	14.23%	―
TAI	50 Neutral	C$2.14M	―	-1087.65%	―	―	-17.78%
DIA	24 Underperform	C$934.57K	―	-1207.18%	―	―	83.91%
SHGDF		$22.65M	―	-88.14%	―	―	―

* Basic Materials Sector Average

Performance Comparison

DMIFF

Diamcor Mining

0.01

-0.03

-75.00%

MPVDF

Mountain Province Diamonds

0.05

-0.08

-61.54%

TSE:DIA

Margaret Lake Diamonds

0.10

-0.06

-37.50%

TSE:LUC

Lucara Diamond

0.24

-0.10

-29.41%

TSE:TAI

Talmora Diamond

0.02

-0.06

-75.00%

SHGDF

Star Diamond

0.04

-0.02

-33.33%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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