Avanti Gold Corp. (C:AGC)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | Suite 2380 - 1055 West Hastings Street VANCOUVER BC V6E 2E9 |
| Tel: | N/A |
| Website: | https://valoremresources.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Avanti Gold Corp. is a Canada-based gold exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo (DRC), in Misisi, located in the Fizi territory of South Kivu Province. The Company's Misisi Gold Project is located approximately 250 kilometers (km) south of Bukavu, the provincial capital of the South Kivu Province, in the Democratic Republic of the Congo. The Misisi Gold Project is comprised of three contiguous 30-year mining leases, covering approximately 133 square kilometers of prospective exploration ground along the 55-km-long Kibara Gold Belt. The Misisi Gold Project contains the Akyanga deposit, which is the subject of the NI 43-101 inferred resource of about 44.3 million tons at an average grade of 2.16 grams per ton gold containing 3.1 million ounces. |
| Financial Overview |
| For the nine months ended 31 January 2024, Avanti Gold Corp revenues was not reported. Net loss decreased 82% to C$2.3M. Lower net loss reflects Acquisition and exploration expenditures decrease of 100% to C$20K (expense), Loss on settlement of debt decrease from C$281K (expense) to C$0K, Interest expense decrease from C$22K (expense) to C$0K. Basic Earnings per Share excluding Extraordinary Items increased from -C$0.45 to -C$0.05. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7.42M as of Jan 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Jan 31, 2024 |
| EBITDA (TTM): | -$4.53M as of Jan 31, 2024 |
| Net annual income (TTM): | -$5.01M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$2.25M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 46,679,311 as of Jan 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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