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Gowest Gold Ltd. (V:GWA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 80 Richmond St W Suite 1400
Tel: 1-416-3631210
IR: See website
Key People
C. Fraser Elliott
Executive Chairman of the Board
Gregory Romain
President, Chief Executive Officer, Director
Janet O'Donnell
Chief Financial Officer, Secretary
Business Overview
Gowest Gold Ltd. is engaged in the business of exploring and evaluating properties. The Company focuses on the exploration and evaluation of the North Timmins Gold Project (NTGP), which includes its Bradshaw gold deposit. Its NTGP land package, which is of over 10,940-hectares is located near Timmins, Ontario, in the Timmins Gold Camp. Its properties include Frankfield Property, Tully Property, Pipestone Property and Whitney Property. The Frankfield Property covers an area of over 840 hectares and is consists of nine mining leases. The Tully Property consists of two claim blocks totaling over 2,510 hectares in Tully Township. The Pipestone Property covers over 7,580 hectares and consists of two blocks, such as the East Pipestone and the West Pipestone. Whitney Property consists of approximately 140 hectares. Whitney Property is located in the center of the Timmins Gold Camp, 10 kilo-meters west of downtown Timmins, Ontario and 25 kilometers south of the Bradshaw gold deposit.
Financial Overview
For the nine months ended 31 July 2020, Gowest Gold Ltd revenues was not reported. Net loss increased 77% to C$5.1M. Higher net loss reflects Interest and other (expense) increase from C$3K to C$1.9M (expense), Foreign exchange gain / (loss) decrease from C$45K (income) to C$244K (expense), Investor Relations increase of 38% to C$28K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.07.
Reporting Currency: Canadian Dollars
Enterprise value: $38.46M as of Jul 31, 2020
Annual revenue (TTM): $0.00M as of Jul 31, 2020
EBITDA (TTM): -$4.34M as of Jul 31, 2020
Net annual income (TTM): -$7.12M as of Jul 31, 2020
Free cash flow (TTM): -$7.17M as of Jul 31, 2020
Net Debt Last Fiscal Year: $15.01M as of Jul 31, 2020
Shares outstanding: 78,101,031 as of Jul 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization