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Avidian Gold Corp. (V:AVG)

Business Focus: Shell Companies

Sector:  Financials Industry:  Investment Holding Companies
 
See Regulatory Filings on SEDAR
Company Contact
Address: 18 King Street East, Suite 902
TORONTO ON M5C 1C4
Tel: N/A
Website: avidiangold.com
IR: See website
Key People
David Charles Anderson
Chairman of the Board, Chief Executive Officer
Donna R. McLean
Chief Financial Officer
 
Business Overview
Avidian Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the business of acquiring and exploring gold projects. The Company holds rights to explore four gold properties in the United States. It also holds the right to explore two properties in Eastern Canada, through High Tide Resources Corp. The Company holds properties in Alaska and Nevada. Its Golden Zone property is located approximately 320 kilometers (km) north of Anchorage, Alaska, and approximately 8 km west of the transportation route between Anchorage and Fairbanks. Its Amanita property consists of State of Alaska claims totaling approximately 1,460 hectares (ha) and is located about 15 km northeast of Fairbanks, Alaska. Its Jungo Property is located approximately 25 km north east of the Hycroft mine. The Jungo Property is approximately 19.6 square kilometers in area, comprising approximately 235 unpatented claims. Its other properties include Labrador West and Lac Pegma.
Financial Overview
For the three months ended 30 September 2021,Avidian Gold Corp revenues was not reported. Net lossdecreased 89% to $548K. Lower net loss reflects Unrealized(gain) loss on warrant revalu decrease from $2.3M (expense)to $1.6M (income), Exploration and evaluation expendituresdecrease of 29% to $1.7M (expense), Unrealized gain oncoversion feature decrease from $107K (expense) to $0K.
Reporting Currency: U.S. Dollars
Enterprise value: $8.22M as of Sep 30, 2021
Annual revenue (TTM): $0.00M as of Sep 30, 2021
EBITDA (TTM): -$5.24M as of Sep 30, 2021
Net annual income (TTM): -$1.48M as of Sep 30, 2021
Free cash flow (TTM): -$4.94M as of Sep 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 165,142,041 as of Oct 27, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization