ELECTRUM DISCOVERY CORP. (V:ELY)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 200 Burrard St. Suite 650 VANCOUVER BC V6C 3L6 |
| Tel: | N/A |
| Website: | https://www.medgoldresources.com |
| IR: | See website |
| Key People | ||
| Jeremy Crozier President, Chief Executive Officer, Director | Kevin Bales Chief Financial Officer | |
| Business Overview |
| Electrum Discovery Corp., formerly Medgold Resources Corp., is a Canada-based mineral exploration and development company. The Company is focused on the Western Tethyan Belt with activities in the Republic of Serbia. It focuses on its copper-gold Timok East Project. The Company holds a portfolio of exploration licenses in Serbia covering close to 1,000 square kilometers. |
| Financial Overview |
| For the nine months ended 30 September 2023, Electrum Discovery Corp revenues was not reported. Net loss decreased 25% to C$390K. Lower net loss reflects Exploration expenditures decrease of 44% to C$130K (expense), Share-based payments decrease of 91% to C$6K (expense), Interest and other income increase from C$27K to C$61K (income). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.06 to -C$0.05. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.28M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.60M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.56M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.22M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $0.05M as of Sep 30, 2023 |
| Shares outstanding: | 63,313,064 as of Jan 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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