Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Gowest Gold Ltd. (V:GWA)

Business Focus: Gold Mining

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