Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | Suite 1920, 1188 West Georgia Street VANCOUVER BC V6E 4A2 |
Tel: | N/A |
Website: | https://elevationgold.com |
IR: | See website |
Key People | ||
Tim Joseph Swendseid Chief Executive Officer, Director |
Business Overview |
Elevation Gold Mining Corporation is a Canada-based gold and silver producer company. The Company is engaged in the operation, acquisition, exploration and development of mineral properties located in the United States. The Company's principal operation is the 100% owned Moss Mine in Mohave County, Arizona. The Company also holds the title to the Hercules exploration property, located in Lyon County, Nevada, which is a prospective gold exploration project. The Moss Gold Mine is located in Mohave County in northwestern Arizona, approximately an hour and a half drive south of Las Vegas, Nevada. The Moss Mine is mining the Moss vein system, which consists of fault-hosted epithermal quartz-calcite veins with associated vein stockwork. The Moss mine extracts gold and silver from ore via heap leaching. The Hercules Gold Project covers approximately 1,323 unpatented and approximately four patented lode mining claims, covering an area of approximately 10,000 hectares. |
Financial Overview |
For the fiscal year ended 31 December 2023, Elevation Gold Mining Corp revenues increased 7% to $66.4M. Net loss decreased 48% to $22.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment of mineral properties decrease of 67% to $11.2M (expense), Finance costs silver stream decrease of 21% to $1.8M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $49.65M as of Dec 31, 2023 |
Annual revenue (TTM): | $90.90M as of Dec 31, 2023 |
EBITDA (TTM): | $13.08M as of Dec 31, 2023 |
Net annual income (TTM): | -$30.89M as of Dec 31, 2023 |
Free cash flow (TTM): | -$21.11M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $40.08M as of Dec 31, 2023 |
Shares outstanding: | 113,007,018 as of Apr 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |