Highway 50 Gold Corp. (V:HWY)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 200 Granville Street, Suite 2710 VANCOUVER BC V6C 1S4 |
| Tel: | N/A |
| Website: | https://highway50gold.com |
| IR: | See website |
| Key People | ||
| Gordon P. Leask President, Chief Executive Officer, Director | Scott Davis Chief Financial Officer | Megan M. Cameron-Jones Corporate Secretary, Independent Director |
| Business Overview |
| Highway 50 Gold Corp. is an exploration stage company. The Company is engaged in the acquisition and exploration of exploration and evaluation assets. The Company is focused on exploration in British Columbia and Nevada, United States. Its projects include Gold Knob, Golden Brew, Johnson Canyon and Monroe. The Gold Knob project comprises 589 unpatented claims located 80 kilometers (km) southwest of Winnemucca, Nevada near Kyle Hot Springs in Pershing County. The Golden Brew project comprises 101 claims prospective for Carlin-style gold mineralization. The Johnson Canyon project comprises 186 claims in two contiguous blocks, located in Lander County, Nevada, approximately 16 km south of Austin. It has the option to earn an undivided 50% interest in the Monroe project located 20 km south of Cranbrook, British Columbia. The Monroe claims are centered over the Southern extension of the Sullivan Mine Corridor, 40 km south of the Sullivan lead-zinc-silver mine. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Highway 50 Gold Corp revenues was not reported. Net loss totaled C$4.3M vs. income of C$1.1M. Net loss reflects Gain on extinguishment of liabilities to decrease from C$1.6M (income) to C$0K, Stock-based compensation increase from C$1K to C$197K (expense), Gain on equipment disposal decrease from C$13K (income) to C$0K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7.55M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.40M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.32M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.26M as of Dec 31, 2023 |
| Shares outstanding: | 45,774,214 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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