Newcore Gold Ltd. (V:NCAU)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 1560 - 200 Burrard Street VANCOUVER BC V7X 1J1 |
| Tel: | N/A |
| Website: | https://newcoregold.com |
| IR: | See website |
| Key People | ||
| Luke Alexander President, Chief Executive Officer, Director | Danny W. K. Lee Chief Financial Officer | Malgorzata Karwowska Vice President of Corporate Development and Investor Relations |
| Branden Fraser Vice President - Projects | Gregory Smith Vice President - Exploration | |
| Business Overview |
| Newcore Gold Ltd. is a Canada-based company. The Company is engaged principally in the acquisition, advancement, and development of precious mineral properties, particularly its Enchi Gold Project in Ghana. The Company hosts an indicated mineral resource of 743,500 ounces of gold at 0.55 g/t and an inferred mineral resource of 972,000 ounces of gold at 0.65 g/t in a district hosting several five-million-ounce gold deposits. This approximately 216 square kilometers (km2) land package covers 40 kilometers of Ghana's prolific Bibiani Shear Zone, a gold belt which hosts several five-million-ounce gold deposits, including the Chirano mine 50 kilometers to the north. The property remains substantially underexplored, with several geochemical and geophysical anomalies yet to be tested by drilling. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Newcore Gold Ltd revenues was not reported. Net loss decreased 8% to C$2.4M. Lower net loss reflects Share-based compensation decrease of 57% to C$377K (expense), Interest income increase from C$38K to C$181K (income), Consultants decrease of 80% to C$16K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02. |
| Employees: | 18 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $30.04M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.41M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.42M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.70M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 172,793,463 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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