OTC Bulletin Board
S & P Company Insight for TARA MINERALS CORP |
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Profile
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| Business Summary: Tara Minerals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mexico. The company primarily explores for silver, zinc, lead, copper, and other industrial metals. | | | Address 2162 Acorn Court
Wheaton
, IL 60187
Phone: 630-462-2079
Fax: 630-456-4135
Website: http://www.taraminerals.com
| | Auditor |
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Mendoza Berger & Company
| | Transfer Agent |
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Corporate Stock Transfer, Inc.
| Employees: 35 ShareHolders: 56 | Founded: 2006 Domicile: Nevada | | | |
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Background
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| Tara Minerals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mexico. The company primarily explores for silver, zinc, lead, copper, and other industrial metals. It principally owns a 100% interest in the Don Roman mine and mill located in Choix. The company was founded in 2006 and is based in Wheaton, Illinois. Tara Minerals Corp. is a subsidiary of Tara Gold Resources, Corp. | | History: INCORPORATED in Nevada May 12, 2006. | | | | Subsidiaries: |
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American Metal Mining, S.A. de C.V.
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Management
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Management
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| Officers | Position |
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| Francis Richard Biscan, Jr. | President & Chief Executive Officer | | David A. Bizzaro | Chief Financial Officer & Chief Accounting Officer | | Angelica Rios | Secretary |
| | Directors |
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| Francis Richard Biscan, Jr. | | Clifford A. Brown | | Ramiro Trevizo Ledezma | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2009 | 2008 | 2008 |
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| Cost & exps. | 2,315 | 82 | 557 | | Oper. income as calculated | (2,315) | (82) | (557) | | Interest income | 40 | 5 | 40 | | Other income | 29 | Nil | 750 | | Total income | (2,246) | (77) | 233 | | Depr. & amort. | 26 | 5 | 21 | | Interest expense | 1,762 | -- | -- | | Net income | (4,034) | (82) | 212 | | Share earns. basic | ($0.10) | Nil | $0.01 | | Share earns. diluted | ($0.10) | Nil | $0.01 | | Avge. com. shs. (Thou.) | 40,348 | 37,717 | 38,548 |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| Assets: |
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| | Cash & equiv. | 1,230 | 21 | | Receivables | 43 | 6 | | Due from related parties | 439 | 423 | | Recoverable taxes | 1,619 | 591 | | Tot. curr. assets | 3,331 | 1,041 | | Net property | 11,087 | 4,368 | | Mining deposits | 25 | 133 | | Goodwill | 12 | -- | | Other assets | 19 | 1 | | Total assets | 14,474 | 5,543 | | Liabilities: |
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| | Due to related parties | 2,771 | 816 | | Notes pay. | 946 | 255 | | Accts. pay. | 17 | 42 | | Accrued expenses | 184 | 83 | | Tot. curr. liabs. | 3,918 | 1,196 | | Notes pay. | 5,274 | 1,512 | | Due to related parties | -- | 88 | | Minority int. | 1,608 | -- | | Stockholders' equity: |
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| | Com. stk. p.$0.001 | 51 | 38 | | Paid-in cap. | 9,886 | 5,040 | | Retained earns. | (6,123) | (2,090) | | Other stkhldrs. equity | (140) | (241) | | Total liabs. | 14,474 | 5,543 | | Common Shares (Thou.) | 51,036 | 37,910 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (8,700,000) | | 2009 |
2 | (670,000) | | 2009 |
3 | (880,000) | | 2009 |
4 | (2,320,000) | | 2009 |
Full Year
| NM | | 2008 |
Full Year
| 210,000 | | 2007 |
Full Year
| (2,200,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.17) | | 2009 |
1 | (.01) | | 2009 |
2 | (.02) | | 2009 |
3 | (.02) | | 2009 |
4 | (.06) | | 2009 |
Full Year
| (.10) | | 2008 |
1 | (.01) | | 2008 |
2 | Nil | | 2008 |
3 | .02 | | 2008 |
4 | Nil | | 2008 |
Full Year
| .01 | | 2007 |
1 | Nil | | 2007 |
2 | (.04) | | 2007 |
3 | (.01) | | 2007 |
4 | (.02) | | 2007 |
Full Year
| (.07) |
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Stock Data
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| | | Capitalization as of 12/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 75,000,000 | 51,036,092 |
| | | | LONG TERM DEBT: $5,273,604. | | | | Common $0.001 par | | | |
Stockholders:
03/31/2010,
56.
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Transfer Agent: Corporate Stock Transfer, Inc.
Denver
, CO | | | | OTC Bulletin Board( Primary): TARM | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 1.7900 | 0.1000 | | OTC Bulletin Board | 2008 | 0.8000 | 0.0900 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
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