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Desert Gold Ventures Inc. (V:DAU)

Business Focus: Gold Mining

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 2019, Desert Gold Ventures Inc revenues was not reported. Net loss increased from $1.4M to $5.4M. Higher net loss reflects Prospecting rights and exploration increase from $766K to $4.8M (expense), Investors and shareholders relationship increase of 58% to $86K (expense), Share-based compensation increase of 29% to $135K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $24.03M as of Sep 30, 2019
Annual revenue (TTM): $0.00M as of Sep 30, 2019
EBITDA (TTM): -$7.57M as of Sep 30, 2019
Net annual income (TTM): -$7.82M as of Sep 30, 2019
Free cash flow (TTM): -$3.00M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 109,377,839 as of May 25, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization