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Signature Resources Ltd. (V:SGU)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 401 Bay Street - Suite 2704
TORONTO ON M5H 2Y4
Tel: N/A
Website: https://www.signatureresources.ca
IR: See website
Key People
Dan Denbow
Interim Chief Executive Officer, Director
Donna Mclean
Chief Financial Officer
Rickardo Welyhorsky
Chief Operating Officer
Walter Hanych
Chief Geologist
   
Business Overview
Signature Resources Ltd. is a Canada-based exploration company. The Company's principal business activity is the identification, evaluation and exploration of mineral resource assets in Canada, with a focus on precious metals. The Company is engaged in exploring its Lingman Lake gold property located within the prolific Red Lake district in Northwestern Ontario, Canada. The property is situated in the Lingman Lake Greenstone belt consisting of a complexly folded assemblage, of mafic metavolcanics, felsic metavolcanics and metasedimentary rocks. The project has an approximately 234,000-ounce historical high-grade gold resource estimate that is contained within the first 180 meters of surface and open in all directions. The Company's Lingman Lake gold property consists of approximately 1,300 staked claims, four freehold full patented claims and 14 mineral rights patented claims totaling approximately 24,761 hectares.
Financial Overview
For the three months ended 31 January 2024, Signature Resources Ltd revenues was not reported. Net loss decreased 7% to C$249K. Lower net loss reflects Office and general decrease of 12% to C$48K (expense), Depreciation in SGA decrease of 7% to C$85K (expense), Professional Fees decrease of 37% to C$11K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $6.81M as of Jan 31, 2024
Annual revenue (TTM): $0.00M as of Jan 31, 2024
EBITDA (TTM): -$0.93M as of Jan 31, 2024
Net annual income (TTM): -$1.12M as of Jan 31, 2024
Free cash flow (TTM): -$1.23M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 106,745,127 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization