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Gossan Resources Limited (V:GSS)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 404-171 Donald St
WINNIPEG MB R3C 1M4
Tel: N/A
Website: https://gossan.ca
IR: See website
Key People
Samuel Pelaez
President, Chief Executive Officer, Director
Robert D.B. Suttie
Chief Financial Officer
 
Business Overview
Gossan Resources Limited is a Canada-based company, which holds mineral exploration and development properties located in Manitoba, Northwestern Ontario, and Newfoundland. The Company's focus is to advance exploration and drilling of its Glitter Property, located in the zinc-copper-silver rich polymetallic Sturgeon Lake Greenstone Belt of Northwestern Ontario. It holds a gold initiative with the Gander Gold Property in Newfoundland as well as a diversified portfolio of multi-element properties. Its properties include Sturgeon Lake Property, Inwood Magnesium Dolomite Property, Pipestone Project, and Separation Rapids Specialty Minerals Project. These properties are prospective for hosting gold, base metals, and platinum group elements, as well as specialty green-battery metals, nickel, cobalt, vanadium, titanium, tantalum, lithium, and chromium. The Company also has a deposit of magnesium-rich dolomite and holds advance and production royalty interests in a silica sand deposit.
Financial Overview
For the nine months ended 31 December 2023, Gossan Resources Limited revenues was not reported. Net income totaled C$205K vs. loss of C$1M. Net income reflects Exploration and evaluation expenditures decrease of 81% to C$148K (expense), G/L on Sale of Tangible & Intangible FA increase from C$50K to C$585K (income), Public company costs decrease of 46% to C$61K (expense).
Employees: 4 as of Sep 30, 2003
Reporting Currency: Canadian Dollars
Enterprise value: $3.88M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$0.57M as of Dec 31, 2023
Net annual income (TTM): $0.06M as of Dec 31, 2023
Free cash flow (TTM): -$0.44M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 66,801,651 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization