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Galane Gold Ltd. (V:GG)

Business Focus: Gold

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 181 Bay St Suite 1800
Tel: 1-416-9072026
IR: See website
Key People
Ravi Sood
Chairman of the Board
Nicholas Brodie
Chief Executive Officer, Director
Gavin John Vandervegt
Chief Financial Officer
Wayne Hatton-Jones
Chief Operating Officer
Business Overview
Galane Gold Ltd. is a Canada-based gold producer and explorer. The Company operates through exploration, development and operation of gold mining properties segment. The Company has material properties, including the Mupane Property and the Galaxy Gold Mine, and several other prospective mineral properties. The Mupane Property is an operating gold mining venture situated in the North-East District of Botswana approximately 30 kilometers south east of Francistown in Southern Africa, and includes over four mining licenses and a prospecting license. The Galaxy Gold Mine is located approximately eight kilometers west of the town of Barberton and over 40 kilometers west of the provincial capital of Nelspruit (Mbombela) in the Mpumalanga Province of South Africa. The Galaxy Gold Mine covers an area of approximately 5,860 hectares. The Galaxy Gold Mine includes over 20 east-west trending gold ore bodies and approximately four prospects at 600 to 2,000 meters depth.
Financial Overview
For the six months ended 30 June 2020, Galane GoldLtd revenues decreased less than 1% to $19.8M. Net incometotaled $1.3M vs. loss of $2.1M. Revenues reflect marketconditions. Net income reflects Foreign exchange (gain)loss increase from $37K (expense) to $1.3M (income), Barakloan fees decrease from $200K (expense) to $0K, Otherexpenses decrease of 22% to $511K (expense).
Employees: 271 as of Dec 31, 2016
Reporting Currency: U.S. Dollars
Enterprise value: $74.64M as of Jun 30, 2020
Annual revenue (TTM): $54.61M as of Jun 30, 2020
EBITDA (TTM): $8.62M as of Jun 30, 2020
Net annual income (TTM): -$0.88M as of Jun 30, 2020
Free cash flow (TTM): -$2.17M as of Jun 30, 2020
Net Debt Last Fiscal Year: $19.99M as of Jun 30, 2020
Shares outstanding: 254,964,760 as of Oct 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization