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G2 Goldfields Inc. (V:GTWO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
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
Business Overview
G2 Goldfields Inc. is a Canada-based resource exploration company. The Company is focused on the discovery of gold deposits in the Guiana Shield. The Company operates primarily in Guyana, where the Company owns a 100% interest in two past gold-producing mines, as well as a regional portfolio of prospective projects. The Company's projects include Oko Aremu and Puruni. The projects are located at the southern end of the Cuyuni Basin and host high-grade Orogenic Gold mineralization within the Cuyuni Basin Sediments and the underlying Barama volcanics. The Aremu Oko District covers a strike length of approximately 17 kilometers. Its Aremu/Oko and Jubilee/Peters Mine properties consist of approximately 37,068 acres and are in the Cuyuni-Mazarumi region of north-central Guyana in the Guiana Shield.
Financial Overview
For the nine months ended 28 February 2022, G2 Goldfields Inc revenues decreased 19% to C$261K. Net loss decreased 26% to C$1.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Share-based compensation decrease of 52% to C$610K (expense), Consulting fees decrease from C$81K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $102.94M as of Feb 28, 2022
Annual revenue (TTM): $0.38M as of Feb 28, 2022
EBITDA (TTM): -$2.43M as of Feb 28, 2022
Net annual income (TTM): -$12.33M as of Feb 28, 2022
Free cash flow (TTM): -$6.26M as of Feb 28, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 140,451,754 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization