Overview
Commerce Group owns El Salvador's San Sebastian Gold Mine, which contains some 1.5 million ounces of gold reserves. Production at the mine has been suspended since 1999, however, while the company works to raise money to upgrade the facility's gold-processing equipment. Commerce Group also explores for other gold and silver mining opportunities in El Salvador. In 2009, the Commerce Group filed a motion for arbitration hearings with the government
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Read More of El Salvador, which revoked the company's permits to explore the San Sebastian Gold Mine in 2006. The company has postponed all business activity pending the outcome of the arbitration.
Read Less
Read More of El Salvador, which revoked the company's permits to explore the San Sebastian Gold Mine in 2006. The company has postponed all business activity pending the outcome of the arbitration.
Read Less
EDWARD A MACHULAK
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Metal Ore Mining
,
Nonferrous Metal (except Aluminum) Production and Processing
,
Mining (except Oil and Gas)
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Mining, Quarrying, and Oil and Gas Extraction
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Gold ores
See All Industries Precious Metals
See Fewer Industries
See All Industries Precious Metals
See Fewer Industries
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Modelled
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Actual
$608,188
Actual
$0
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OTC:CGCO
Contacts
Get in Touch with 3 Principals* and 1 Contacts
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EDWARD A MACHULAKChairman of the Board and President and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Data
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Financial data as of November 25, 2024 (12 month period) in USD
Annual Revenue
$608,188
USD
Modelled
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2010 | 2009 | 2008 |
|---|---|---|---|
| Net Operating Cash | -$0 | -$0 | $0 |
| Net Investing Cash | $0 | $ | -$1 |
| Net Financing Cash | $0 | $1 | $1 |
| Net Change in Cash | -$0 | $0 | -$0 |
| Cash at Beginning of Period | $0 | $0 | $0 |
| Cash at End of Period | $0 | $0 | $0 |
| Capital Expenditure | $ | $ | -$1 |
| Assets (mil) | 2010 | 2009 | 2008 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $0 | $0 | $0 |
| Accounts Receivable | $0 | $0 | $1 |
| Inventories | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 |
| Asset Summary | |||
| Total Current Assets | $0 | $1 | $1 |
| Tangible Fixed Assets | $0 | $0 | $26 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $0 | $1 | $26 |
| Liabilities (mil) | 2010 | 2009 | 2008 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $0 | $0 | $0 |
| Short-Term Debt | $28 | $24 | $20 |
| Other Current Liabilities | $5 | $5 | $5 |
| Liability Summary | |||
| Total Current Liabilities | $34 | $29 | $25 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $34 | $29 | $25 |
| Stakeholder's Equity (mil) | 2010 | 2009 | 2008 |
|---|---|---|---|
| Equity | |||
| Common Stock | $3 | $3 | $3 |
| Retained Earnings | -$56 | -$51 | -$21 |
| Equity Summary | |||
| Total Equity | -$33 | -$29 | $1 |
| Shares Outstanding | 30,750,869 | 30,750,869 | 30,715,869 |