Canagold Resources Ltd. (T:CCM)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 1250 - 625 Howe Street VANCOUVER BC V6C 2T6 |
| Tel: | N/A |
| Website: | https://www.canagoldresources.com |
| IR: | See website |
| Key People | ||
| Garry D. Biles President, Chief Operating Officer | Catalin Kilofliski Chief Executive Officer | Mihai Draguleasa Chief Financial Officer, Corporate Secretary |
| Colm Keogh Senior Vice President - Operations | Chris Pharness Senior Vice President - Sustainability and Permitting | Michael Doyle Chief Technical Officer, Director |
| Troy Gill Vice President - Exploration | Knox Henderson Vice President - Corporate Development | |
| Business Overview |
| Canagold Resources Ltd. is a Canada-based mineral exploration company. The Company's projects include New Polaris, Nevada Gold, Windfall Hills, Corral Canyon and Princeton Property. The Company's core asset is the 100% owned, past-producing, high-grade, New Polaris gold project located in north-western British Columbia. The Fondaway Canyon is an advanced stage gold property located in the Churchill County, Nevada. The land package contains 136 unpatented lode claims. It owns a 100% interest in the prospective Windfall Hills gold exploration project, located in the same geological belt as and 90 kilometers (km) northwest of the Blackwater-Davidson gold discovery in central BC. The project consists of the Atna properties, comprised of two mineral claims totaling 959 hectares and the Dunn properties, comprised of eight mineral claims totaling 2820 hectares. Princeton Gold Property consists of 14,650 hectares and lies 35 kilometers south of Princeton, British Columbia (BC). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Canagold Resources Ltd revenues was not reported. Net loss increased 13% to $3.1M. Higher net loss reflects Mineral property option income decrease of 98% to $12K (income), Share-based payments increase from $154K to $391K (expense), Foreign exchange (loss) gain decrease of 79% to $36K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.03 to -$0.02. |
| Employees: | 3 as of Mar 28, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $35.84M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.11M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.18M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$8.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 173,589,394 as of Apr 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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