Magna Mining (TSXV:NICU) Accumulated Depreciation : C$-0.12 Mil (As of Dec. 2023)

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What is Magna Mining Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Magna Mining's quarterly accumulated depreciation increased from Jun. 2023 (C$-0.09 Mil) to Sep. 2023 (C$-0.10 Mil) and increased from Sep. 2023 (C$-0.10 Mil) to Dec. 2023 (C$-0.12 Mil).

Magna Mining's annual accumulated depreciation increased from Dec. 2021 (C$-0.03 Mil) to Dec. 2022 (C$-0.06 Mil) and increased from Dec. 2022 (C$-0.06 Mil) to Dec. 2023 (C$-0.12 Mil).

Magna Mining Accumulated Depreciation Historical Data

The historical data trend for Magna Mining's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magna Mining Accumulated Depreciation Chart

Magna Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accumulated Depreciation

-0.02

-0.03

-0.06

-0.12

Magna Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accumulated Depreciation	Get a 7-Day Free Trial											-0.06	-0.07	-0.09	-0.10	-0.12

Magna Mining Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Magna Mining Accumulated Depreciation Related Terms

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Magna Mining (TSXV:NICU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (TSXV:NICU) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

MGMNF:USA 8YD:Germany

Address

45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0

Website

https://www.magnamining.com

Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

Magna Mining (TSXV:NICU) Headlines

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