Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 181 Bay St, Suite 1800 TORONTO ON M5J 2T9 |
Tel: | N/A |
Website: | https://www.golcondagold.com |
IR: | See website |
Key People | ||
Ravi Sood Chairman of the Board | Andrew Bishop Chief Financial Officer | Wayne Hattonjones Chief Operating Officer |
Business Overview |
Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa), through subsidiaries located in Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers 58.6 square kilometers and is part of the Barberton Greenstone Belt. |
Financial Overview |
For the nine months ended 30 September 2023, Golconda Gold Ltd revenues decreased 29% to $7.5M. Net loss before extraordinary items totaled $1.4M vs. income of $438K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Foriegn Currency Translation decrease of 73% to $254K (income), Interest on borrowings increase from $165K to $539K (expense). |
Employees: | 209 as of Dec 31, 2021 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $20.68M as of Sep 30, 2023 |
Annual revenue (TTM): | $13.65M as of Sep 30, 2023 |
EBITDA (TTM): | -$2.73M as of Sep 30, 2023 |
Net annual income (TTM): | -$3.96M as of Sep 30, 2023 |
Free cash flow (TTM): | -$3.12M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $5.68M as of Sep 30, 2023 |
Shares outstanding: | 71,273,309 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |