G2 Goldfields Inc. (T:GTWO)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 141 ADELAIDE STREET WEST, SUITE 1101 TORONTO ON M5H 3L5 |
| Tel: | N/A |
| Website: | https://www.g2goldfields.com |
| IR: | See website |
| Key People | ||
| J. Patrick Sheridan Executive Chairman of the Board | Daniel J. Noone President, Chief Executive Officer, Director | Carmelo Marrelli Chief Financial Officer | Torben Michalsen Chief Operating Officer |
| Business Overview |
| G2 Goldfields Inc. is a Canada-based company, which is primarily engaged in the business of acquiring and exploring mineral properties. The Company's 19,200-acre Oko project is located in the southeastern portion of the Cuyuni Mining District, approximately 120 kilometers (km) west-southwest of Guyana's capital city, Georgetown, 60 km west of the town of Bartica, and directly north of Reunion Gold's Oko West project. The project is accessed by a combination of boat and truck, using rivers and logging roads, from the town of Bartica and the Itaballi crossing on the Mazaruni River. The project covers approximately 7,149 hectares (ha) of land, coving 17 km of prospective strike length. Its Puruni project has two properties, Peter and Jubilee mines. The property is located to the southwest of G2's Oko-Aremu property, the Peters Mine and Jubilee Mine. The Jubilee Mine is located approximately four km southeast of the Peters Mine property. |
| Financial Overview |
| For the six months ended 30 November 2023, G2 Goldfields Inc revenues increased 28% to C$218K. Net loss decreased 35% to C$1.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment of mining interest decrease from C$194K (expense) to C$0K, Office and administrative decrease of 32% to C$179K (expense). |
| Employees: | 54 as of May 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $258.68M as of Nov 30, 2023 |
| Annual revenue (TTM): | $0.36M as of Nov 30, 2023 |
| EBITDA (TTM): | -$4.02M as of Nov 30, 2023 |
| Net annual income (TTM): | -$3.70M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$13.18M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 208,945,110 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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