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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
Tel: N/A
IR: See website
Key People
Simon T. Ridgway
Executive Chairman of the Board
Jeremy Crozier
President, Chief Executive Officer, Director
Kevin Bales
Chief Financial 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 nine months ended 30 September 2020, MedgoldResources Corp revenues was not reported. Net lossincreased 21% to C$1.1M. Higher net loss reflectsExploration expenditures General and ad increase fromC$147K to C$663K (expense), Management fees increase of 20%to C$80K (expense), Legal and accounting increase of 8% toC$83K (expense). Basic Earnings per Share excludingExtraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $8.06M as of Sep 30, 2020
Annual revenue (TTM): $0.00M as of Sep 30, 2020
EBITDA (TTM): -$1.40M as of Sep 30, 2020
Net annual income (TTM): -$1.43M as of Sep 30, 2020
Free cash flow (TTM): -$1.72M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 134,789,032 as of Sep 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization