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Desert Gold Ventures Inc. (V:DAU)

Business Focus: Gold Mining

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Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 4770 72 St
Tel: N/A
IR: See website
Key People
Ayub Khan
Chairman of the Board, Chief Executive Officer
Jared Scharf
President, Director
Louw Van Schalkwyk
Vice President - Exploration, Director
Business Overview
Desert Gold Ventures Inc. is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of mineral resource properties. It holds the Farabantourou exploration and Djimbala permits, through its subsidiary, TransAfrika Mali S.A., located in Mali. The Farabantourou project is located approximately 50 kilometers south of Sadiola and Yatela and is proximal to the SenegalMali shear zone, which hosts the mines Loulo, Sadiola and Yatela, among others. Djimbala is located approximately 220 kilometers south of Bamako and covers an area approximately 120 square kilometers. The Djimbala permit is west of the town of Yanfolila and is surrounded by a number of active gold prospecting permits with gold mineralization. Segala ouest project is located approximately five kilometers north-west of Endeavour's Tabakoto mine. Its subsidiaries include TransAfrika Rwanda Gold S.A.R.L., TransAfrika Mali S.A. and GoldBanks Nevada Ventures Inc.
Financial Overview
For the nine months ended 30 September 2018, Desert Gold Ventures Inc revenues was not reported. Net loss increased 49% to $1.4M. Higher net loss reflects Prospecting rights and exploration increase from $297K to $766K (expense), Professional and consulting fees increase of 21% to $324K (expense), Finance charges and foreign exchange increase from $2K to $19K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $8.19M as of Dec 31, 2018
Annual revenue (TTM): $0.00M as of Dec 31, 2018
EBITDA (TTM): -$3.00M as of Dec 31, 2018
Net annual income (TTM): -$3.07M as of Dec 31, 2018
Free cash flow (TTM): -$2.69M as of Dec 31, 2018
Net Debt Last Fiscal Year: $0.07M as of Dec 31, 2018
Shares outstanding: 45,157,758 as of Apr 15, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization