Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 141 ADELAIDE STREET WEST, SUITE 1101 TORONTO ON M5H 3L5 |
Tel: | N/A |
Website: | https://www.g2goldfields.com |
IR: | See website |
Key People | ||
J. Patrick Sheridan Executive Chairman of the Board | Daniel J. Noone President, Chief Executive Officer, Director | Carmelo Marrelli Chief Financial Officer | Torben Michalsen Chief Operating Officer |
Business Overview |
G2 Goldfields Inc. is a Canada-based company, which is primarily engaged in the business of acquiring and exploring mineral properties. The Company's 19,200-acre Oko project is located in the southeastern portion of the Cuyuni Mining District, approximately 120 kilometers (km) west-southwest of Guyana's capital city, Georgetown, 60 km west of the town of Bartica, and directly north of Reunion Gold's Oko West project. The project is accessed by a combination of boat and truck, using rivers and logging roads, from the town of Bartica and the Itaballi crossing on the Mazaruni River. The project covers approximately 7,149 hectares (ha) of land, coving 17 km of prospective strike length. Its Puruni project has two properties, Peter and Jubilee mines. The property is located to the southwest of G2's Oko-Aremu property, the Peters Mine and Jubilee Mine. The Jubilee Mine is located approximately four km southeast of the Peters Mine property. |
Financial Overview |
For the nine months ended 29 February 2024, G2 Goldfields Inc revenues increased 53% to C$362K. Net loss decreased 38% to C$2.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based compensation decrease of 39% to C$814K (expense), Impairment of mining interest decrease from C$243K (expense) to C$0K. |
Employees: | 54 as of May 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $258.13M as of Feb 29, 2024 |
Annual revenue (TTM): | $0.44M as of Feb 29, 2024 |
EBITDA (TTM): | -$3.65M as of Feb 29, 2024 |
Net annual income (TTM): | -$3.12M as of Feb 29, 2024 |
Free cash flow (TTM): | -$17.28M as of Feb 29, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 209,257,610 as of May 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |