Galway Metals Inc. (V:GWM)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 82 Richmond St E TORONTO ON M5C 1P1 |
| Tel: | N/A |
| Website: | https://galwaymetalsinc.com |
| IR: | See website |
| Key People | ||
| Robert P. Hinchcliffe President, Chief Executive Officer, Director | Robert D.B. Suttie Chief Financial Officer | Mari Doren Vice President - Administration | Michael W. Sutton Chief Geologist, Director |
| Business Overview |
| Galway Metals Inc. is a Canada-based company, which is engaged in the process of exploring the Clarence Stream and Estrades gold and polymetallic projects, located in New Brunswick and Quebec. The Company has a 100% undivided interest in the Clarence Stream gold project, which is located approximately 70 kilometers (km) south-southwest of Fredericton in south-western New Brunswick, Canada. Its land position comprises 60,465 hectares (149,412 acres) with 65 km of strike length (and a width of up to 28 km) along the Sawyer Brook Fault System. The Company has undivided 100% ownership interest in the former producing, high grade Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims in western Quebec, Canada, located approximately 95 km north of the town of La Sarre. The claims are contiguous and comprise 31 km of strike. |
| Financial Overview |
| For the nine months ended 30 September 2023, Galway Metals Inc revenues was not reported. Net loss decreased 48% to C$4.6M. Lower net loss reflects Exploration expenses decrease of 71% to C$2.9M (expense), Stock-based compensation decrease of 81% to C$21K (expense), Interest Income increase from C$2K to C$89K (income). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.14 to -C$0.07. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $23.61M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$6.55M as of Sep 30, 2023 |
| Net annual income (TTM): | -$6.46M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$6.41M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 74,906,160 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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