Torrent Gold Inc. (C:TGLD)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 250 750 West Pender St VANCOUVER BC V6C 2T7 |
| Tel: | N/A |
| Website: | https://torrentgoldinc.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Torrent Gold Inc. is a Canada-based resource exploration company focused on acquiring and exploring resource properties in the United States. The Company's Nevada Gold Exploration Properties include Anchor, Stateline, Sandy, and Viper. The Anchor property consists of about 54 unpatented federal lode claims at the southern end of the Battle Mountain-Eureka gold trend, about 14 kilometers (km) northwest of Eureka, Nevada. The Stateline Property, lying in Iron County, Utah, about 37 km east of Panaca, Nevada, consists of 94 unpatented federal lode claims. The Sandy property, lying two km south of the town of Rachel in Lincoln County, Nevada and comprising about 54 unpatented federal lode claims is a sedimentary rock-hosted gold property. The Viper project, lying in northeastern Elko County, comprises about 40 unpatented federal lode claims and 242 hectares (ha) of private minerals. The Company's Clover Mountain Property consists of about 43 unpatented claims totaling 860 acres. |
| Financial Overview |
| For the nine months ended 31 October 2023, Torrent Gold Inc revenues was not reported. Net loss decreased 48% to C$339K. Lower net loss reflects Share-based payments decrease from C$186K (expense) to C$0K, Marketing decrease of 98% to C$3K (expense), Legal fees decrease of 84% to C$16K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.03 to -C$0.02. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $0.48M as of Oct 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Oct 31, 2023 |
| EBITDA (TTM): | -$0.77M as of Oct 31, 2023 |
| Net annual income (TTM): | -$0.77M as of Oct 31, 2023 |
| Free cash flow (TTM): | -$0.60M as of Oct 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 20,445,193 as of Oct 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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