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Avidian Gold Corp. (V:AVG)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 18 King Street East, Suite 902
TORONTO ON M5C 1C4
Tel: N/A
Website: https://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 engaged in the business of acquiring and exploring gold projects. The Company rights to explore four gold properties in the United States of America and has a 28% ownership of High Tide Resources Corp., which holds the right to explore two properties in Eastern Canada. Its projects include Golden Zone property, Amanita property, and Jungo property. The Golden Zone gold-silver-copper property lies within the Upper Chulitna District of the Valdez Creek Mining District and is an Intrusion-Related Gold System (IRGS) located in the Kuskokwim Mineral Belt on the south side of the Denali Fault in south-central Alaska. Its Amanita property claim block is comprised of 88 lode claims located within the Fairbanks Mining District, approximately 25 kilometers northeast of Fairbanks, Alaska. The Jungo Property is approximately 19.6 square kilometers in area, comprising approximately 235 unpatented claims. The Company's other properties include Labrador West and Lac Pegma.
Financial Overview
For the six months ended 31 December 2023, Avidian Gold Corp revenues was not reported. Net loss decreased 66% to $326K. Lower net loss reflects Exploration and evaluation expenditures decrease of 59% to $154K (expense), Unrealized gain on warrant revaluation decrease from $137K (expense) to $63K (income), General and administrative - Balancing v decrease of 71% to $56K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $2.71M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$1.32M as of Dec 31, 2023
Net annual income (TTM): -$1.53M as of Dec 31, 2023
Free cash flow (TTM): -$0.38M as of Dec 31, 2023
Net Debt Last Fiscal Year: $0.17M as of Dec 31, 2023
Shares outstanding: 185,411,207 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization