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Desert Gold Ventures Inc. (V:DAU)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 9648-128th Street, Suite 210
SURREY BC V3T 2K9
Tel: N/A
Website: https://www.desertgold.ca
IR: See website
Key People
Jared Scharf
President, Chief Executive Officer, Director
Larry Tsang
Chief Financial Officer
 
Business Overview
Desert Gold Ventures Inc. is a gold exploration and development company. The principal business of the Company is conducting mineral property exploration in Mali. It focuses on its flagship 440 square kilometers Senegal Mali Shear Zone Gold project (SMSZ). The SMSZ project consists of Farabantourou project and Farikounda project. Its SMSZ Project is located in the country of Mali and overlies a 38 kilometers section of West Africa's prolific Senegal Mali Shear Zone. The Company also consists of two-concession blocks (the Sebessounkoto Sud project and Djelimangara project, collectively the Altus Permits). It also has an option agreement for the acquisition of approximately 95% interest in Linguekoto Property and an option agreement for the acquisition of all the rights of a research permit in the Sola West area. Its subsidiaries include Desert Gold Ltd. and Desert Gold Mali S.A.R.L.
Financial Overview
For the nine months ended 30 September 2023, Desert Gold Ventures Inc revenues was not reported. Net loss decreased 64% to $859K. Lower net loss reflects Prospecting rights and exploration decrease of 77% to $378K (expense), Professional and consulting fees decrease of 37% to $234K (expense), Change in fair value of marketable secur decrease from $59K (expense) to $0K.
Reporting Currency: U.S. Dollars
Enterprise value: $11.94M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$1.79M as of Sep 30, 2023
Net annual income (TTM): -$1.72M as of Sep 30, 2023
Free cash flow (TTM): -$1.91M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 195,466,386 as of Jan 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization