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Medgold Resources Corp. (V:MED)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 200 Burrard Street, Suite 650
VANCOUVER BC V6C 3L6
Tel: N/A
Website: https://www.medgoldresources.com
IR: See website
Key People
Simon T. Ridgway
Executive Chairman of the Board
Jeremy Crozier
President, Chief Executive Officer
 
Business Overview
Medgold Resources Corp. is a mineral exploration company. The Company is engaged in the acquisition and exploration of resource properties in Europe. The Company's segments include Canada, England, Spain, Portugal and Serbia. The Company is focusing its business on exploring mineral properties that are seeking foreign investment to invigorate the mining sector. The Company is targeting gold properties in northwest Iberia and the under-explored gold provinces of southern Europe. The Company is targeting orogenic gold systems in northern Portugal. The Company holds approximately five exploration licenses covering over 800 square kilometers in Portugal. The Company's exploration focus is on the primary projects of Boticas-Chaves and Valongo (Guimarei). The Boticas-Chaves licenses cover approximately 600 square kilometers, and the Valongo, Lagares and Castelo de Paiva (the Valongo Belt Properties), which are located within the Valongo Belt, covering approximately 200 square kilometers.
Financial Overview
For the six months ended 30 June 2020, MedgoldResources Corp revenues was not reported. Net lossdecreased 13% to C$586K. Lower net loss reflectsShare-based payments decrease from C$248K (expense) to C$0K, Shareholder communications decrease of 48% to C$34K(expense), Foreign exchange loss decrease of 72% to C$4K(expense). Basic Earnings per Share excluding ExtraordinaryItems remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $4.01M as of Jun 30, 2020
Annual revenue (TTM): $0.00M as of Jun 30, 2020
EBITDA (TTM): -$1.12M as of Jun 30, 2020
Net annual income (TTM): -$1.16M as of Jun 30, 2020
Free cash flow (TTM): -$1.27M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 134,789,032 as of Sep 8, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization