Loncor Gold Inc. (T:LN)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 4120 Yonge Street, Suite 304, P.O. Box 67 TORONTO ON M2P 2B8 |
| Tel: | N/A |
| Website: | https://loncor.com |
| IR: | See website |
| Key People | ||
| Arnold T. Kondrat Executive Chairman of the Board | Peter Nigel Cowley President, Director | John Barker Chief Executive Officer |
| Donat K. Madilo Chief Financial Officer | Geoffrey G. Farr Corporate Secretary | |
| Business Overview |
| Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company's 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Loncor Gold Inc revenues was not reported. Net loss increased from $2.9M to $21.3M. Higher net loss reflects Impairment of exploration and evaluation increase from $0K to $18.9M (expense), Interest Income - Non Bank decrease of 94% to $11K (income), Travel and promotion increase of 8% to $223K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.02 to -$0.14. |
| Employees: | 26 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $57.11M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.04M as of Dec 31, 2023 |
| Net annual income (TTM): | -$29.05M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$6.21M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 153,819,174 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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