Ascot Resources Ltd. (T:AOT)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 1050-1095 West Pender Street VANCOUVER BC V6E 2M6 |
| Tel: | 1-778-7251060 |
| Website: | https://ascotgold.com |
| IR: | See website |
| Key People | ||
| Derek Christopher White President, Chief Executive Officer | Carol Li Chief Financial Officer | John Kiernan Chief Operating Officer |
| Bryant Schwengler Vice President - Operations, General Manager | David Stewart Vice President Corporate Development and Shareholder Communications | Jody Harris Corporate Secretary |
| Business Overview |
| Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ascot Resources Ltd. revenues was not reported. Net loss decreased 3% to C$10.4M. Lower net loss reflects Foreign exchange (gain) loss decrease from C$2.9M (expense) to C$719K (income), Financing costs decrease of 57% to C$2.6M (expense), Stock-based compensation decrease of 44% to C$3.1M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.03 to -C$0.02. |
| Employees: | 141 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $479.37M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.18M as of Dec 31, 2023 |
| Net annual income (TTM): | -$10.43M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$141.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.30M as of Dec 31, 2023 |
| Shares outstanding: | 623,854,487 as of Apr 17, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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