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AEX Gold Inc. (V:AEX)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 123 Front St W Suite 905
Tel: N/A
IR: See website
Key People
Graham Duncan Stewart
Chairman of the Board
Eldur Olafsson
President, Chief Executive Officer, Director
Jaco Crouse
Chief Financial Officer
Martin Menard
Chief Operating Officer, Executive Vice President
Joan Plant
Company Secretary
Business Overview
AEX Gold Inc, formerly Alopex Gold Inc, is a Canada-based exploration company, which is engaged in the identification, acquisition, exploration and development of gold properties. Though its wholly owned Greenlandic subsidiary, Nalunaq A/S, the Company has interests in an exploitation license at the advanced exploration stage Nalunaq property including the previously operating Nalunaq Gold Mine and an exploration license at the early exploration stage Tartoq property. The Company's main focus is its Nalunaq property, which hosts a high-grade National Instrument (NI) 43-101 compliant gold resource estimate of approximately 200,000 ounces (oz) at approximately 18 grams per ton (g/t) and a number of near-mine and regional exploration targets.
Financial Overview
For the nine months ended 30 September 2020, AEXGold Inc revenues was not reported. Net loss increased fromC$3.6M to C$8M. Higher net loss reflects Exploration andevaluation expenses - Ba increase of 95% to C$4.3M(expense), General and administrative - Balancing vincrease from C$684K to C$1.8M (expense), Foreign exchangeloss increase from C$33K to C$696K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $87.03M as of Sep 30, 2020
Annual revenue (TTM): $0.00M as of Sep 30, 2020
EBITDA (TTM): -$8.71M as of Sep 30, 2020
Net annual income (TTM): -$9.48M as of Sep 30, 2020
Free cash flow (TTM): -$7.37M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 177,098,737 as of Sep 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization