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Westward Gold Inc. (C:WG)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: Royal Centre, #1500 - 1055 W Georgia
VANCOUVER BC V6E 4N7
Tel: N/A
Website: https://westwardgold.com
IR: See website
Key People
N/A    
Business Overview
Westward Gold Inc. is a Canada-based mineral exploration company. The Company is in the business of acquiring, exploring and evaluating mineral resource properties. The Company is focused on developing the Toiyabe, Turquoise Canyon, and East Saddle Projects located in the Cortez Hills area of Lander County, Nevada. The Company's Toiyabe Property consists of 165 unpatented mining claims covering approximately 1,340 hectares of land. The Turquoise Canyon Project consists of approximately holds approximately 188 mining claims. The East Saddle Property lies south of, and contiguous with, both the Toiyabe Property and the Turquoise Canyon Property. The Company also holds 100% interest in the Coyote and Rossi Claim Blocks, located along the Carlin Trend in Elko County, Nevada. The Company's subsidiaries include Momentum Minerals Ltd., Golden Oasis Exploration, and Turquoise Canyon Corp.
Financial Overview
For the nine months ended 31 December 2023, Westward Gold Inc revenues was not reported. Net loss increased 24% to C$1.2M. Higher net loss reflects Share-based payments increase from C$86K to C$459K (expense), Management fees increase of 26% to C$387K (expense), Professional fees increase of 17% to C$113K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $8.83M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$1.65M as of Dec 31, 2023
Net annual income (TTM): -$1.67M as of Dec 31, 2023
Free cash flow (TTM): -$1.76M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 116,584,904 as of Apr 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization