EDM Resources (EDM Resources) Construction In Progress : $2.97 Mil (As of Dec. 2023)

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What is EDM Resources Construction In Progress?

EDM Resources's quarterly construction in progress declined from Jun. 2023 ($2.99 Mil) to Sep. 2023 ($2.95 Mil) but then increased from Sep. 2023 ($2.95 Mil) to Dec. 2023 ($2.97 Mil).

EDM Resources's annual construction in progress declined from Dec. 2021 ($2.93 Mil) to Dec. 2022 ($2.80 Mil) but then increased from Dec. 2022 ($2.80 Mil) to Dec. 2023 ($2.97 Mil).

EDM Resources Construction In Progress Historical Data

The historical data trend for EDM Resources's Construction In Progress 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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EDM Resources Construction In Progress Chart

EDM Resources Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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2.93

2.80

2.97

EDM Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															2.80	2.81	2.99	2.95	2.97

EDM Resources Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

EDM Resources (EDM Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EDM Resources Inc (OTCPK:SWNLF) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

EDM:Canada

Address

1959 Upper Water Street, Suite 1301, Purdy's Wharf, Halifax, NS, CAN, B3J 3N2

Website

https://www.edmresources.com

EDM Resources Inc is an exploration and development company. The company is engaged in base metals mining and related activities, including the exploration and evaluation of mineral property interests that are considered to have the potential for economic mineralization and development. Its project includes Scotia Mine; Eastville Prospect; Carrolls Farm and Carrolls Corner Prospects.

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