Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 80 Richmond St W Suite 1400 TORONTO ON M5H 2A4 |
Tel: | 1-416-3631210 |
Website: | https://www.gowestgold.com |
IR: | See website |
Key People | ||
C. Fraser Elliott Executive Chairman of the Board | Dan Gagnon President, Chief Executive Officer, Director | Demin Huang Chief Financial Officer, Director |
Business Overview |
Gowest Gold Ltd. is a Canada-based gold exploration and development company. The Company's projects include Frankfield, Pipestone, Tully and Whitney. The Company is focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw) on the Frankfield Property. The Frankfield Property covers an area of approximately 842 hectares and is comprised of eight mining leases. The Company's wholly owned Pipestone East Gowest, which consists of 21 unpatented mining claims (4,274 hectares). The Tully North Property is located three kilometers (km) northeast of the Bradshaw Gold Deposit and is comprised of one mining lease and one unpatented claim totaling 228 hectares. The Gowest Whitney Property consists of nine patented claims (mining and surface rights) totaling approximately 144 hectares. It is located in the center of the Timmins Gold Camp, 10 km west of downtown Timmins, Ontario and 25 km south of the Bradshaw Gold Deposit. |
Financial Overview |
For the three months ended 31 January 2024, Gowest Gold Ltd revenues was not reported. Net loss increased from C$310K to C$632K. Higher net loss reflects Interest and other (expense) - Balanci increase from C$192K to C$417K (expense), General and administrative - Balancing v increase of 50% to C$386K (expense), Amortization increase from C$12K to C$42K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $45.92M as of Jan 31, 2024 |
Annual revenue (TTM): | $0.00M as of Jan 31, 2024 |
EBITDA (TTM): | -$1.91M as of Jan 31, 2024 |
Net annual income (TTM): | -$3.00M as of Jan 31, 2024 |
Free cash flow (TTM): | -$47.34M as of Jan 31, 2024 |
Net Debt Last Fiscal Year: | $12.99M as of Jan 31, 2024 |
Shares outstanding: | 670,971,870 as of Feb 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |