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Harte Gold Corp. (T:HRT)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 8 King St E Suite 1700
Tel: N/A
IR: See website
Key People
Joseph Francis Conway
Independent Chairman of the Board
Samuel T. Coetzer
President, Chief Executive Officer, Director
Graham du Preez
Chief Financial Officer, Executive Vice President
Martin Raffield
Chief Operating Officer, Executive Vice President
Timothy N. Campbell
Executive Vice President, Corporate Secretary
Shawn Howarth
Vice President - Corporate Development
Karen Walsh
Vice President - People and Organizational Development
Business Overview
Harte Gold Corp is a Canada-based company engaged in the acquisition, exploration and development of mineral resource properties with a focus on gold properties located in the Province of Ontario. It has interests in gold exploration projects, including Sugar Zone Property, which is located approximately 80 kilometers east of the Hemlo area gold mines and northeast of the town of White River, and the Stoughton-Abitibi Property, which is located over 110 kilometers east of Timmins and approximately 50 kilometers north-east of Kirkland Lake. Its exploration activities are focused on the Sugar Zone Property, which comprises approximately 83.850 hectares and covers an entire greenstone belt. The Company has conducted various diamond drill and other exploration programs on its properties.
Financial Overview
For the nine months ended 30 September 2020, HarteGold Corp revenues decreased 8% to C$31.6M. Net lossdecreased 7% to C$50.7M. Revenues reflect a decrease indemand for the Company's products and services due tounfavorable market conditions. Lower net loss reflects Losson loan modification/termination decrease of 96% to C$385K(expense), Depreciation and depletion decrease of 38% toC$6.8M (expense).
Employees: 92 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $231.57M as of Sep 30, 2020
Annual revenue (TTM): $47.15M as of Sep 30, 2020
EBITDA (TTM): -$3.40M as of Sep 30, 2020
Net annual income (TTM): -$57.89M as of Sep 30, 2020
Free cash flow (TTM): -$38.42M as of Sep 30, 2020
Net Debt Last Fiscal Year: $95.53M as of Sep 30, 2020
Shares outstanding: 870,812,946 as of Dec 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization