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Fury Gold Mines Limited (T:FURY)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 1630-1177 West Hastings Street
Tel: 1-844-6010841
IR: See website
Key People
Forrester A. Clark
Chief Executive Officer, Director
Phil Van Staden
Chief Financial Officer
Bryan Atkinson
Senior Vice President - Exploration
David Frappier- Rivard
Exploration Manager
Business Overview
Fury Gold Mines Limited is a Canada-based exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 24,000 hectares (ha) in the Eeyou-Istchee/James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers (km) north of Montreal and 350 km northwest of Chibougamau. It owns a 100% interest in the Committee Bay gold project located in Nunavut, Canada. The project includes over 270,000 ha, situated along the Committee Bay Greenstone Belt (CBGB). The CBGB comprises a number of Archean- aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. It owns a 50.022% interest in the Eleonore South JV project. Eleonore South JV project is located in the Eeyou-Istchee/James Bay region of Quebec, approximately five km south of Newmont's Eleonore mine property.
Financial Overview
For the three months ended 31 March 2024, Fury Gold Mines Ltd revenues was not reported. Net loss decreased 65% to C$934K. Lower net loss reflects Fees, salaries and other employee benefi decrease of 45% to C$482K (expense), Amortization of flow-through share premi increase from C$0K to C$280K (income), Net loss from associate decrease of 44% to C$327K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01.
Employees: 10 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $70.63M as of Mar 31, 2024
Annual revenue (TTM): $0.00M as of Mar 31, 2024
EBITDA (TTM): -$14.03M as of Mar 31, 2024
Net annual income (TTM): -$15.48M as of Mar 31, 2024
Free cash flow (TTM): -$15.64M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 146,077,103 as of Jun 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization