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New Found Gold Corp. (V:NFG)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 800 West Pender Street, Suite 1430
Tel: N/A
IR: See website
Key People
Collin Kettell
Executive Chairman of the Board
Denis Roland Laviolette
President, Director
Craig A. Roberts
Chief Executive Officer, Executive Director
Michael Kanevsky
Chief Financial Officer
Greg Matheson
Chief Operating Officer
Business Overview
New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. Its Queensway Project consists of approximately 86 mineral licenses, including 6,041 claims consisting of approximately 151,030 hectares of land located near Gander, Newfoundland. In addition, the Company also owns a 100% interest in the Lucky Strike project in Kirkland Lake, Ontario consisting of approximately 11,684 hectares, as well as a portfolio of mining and royalty interests throughout northeastern Ontario. The Lucky Strike Property is located approximately10 kilometers north of Larder Lake, Ontario and consists of approximately 639 single cell un-patented mining claims.
Financial Overview
For the six months ended 30 June 2022, New Found Gold Corp revenues was not reported. Net loss increased from C$1.7M to C$46.7M. Higher net loss reflects Net change in unrealized (losses) gains decrease from C$24.6M (income) to C$15.5M (expense), Exploration and evaluation expenditures increase of 67% to C$30.5M (expense), Net realized (losses) gains on disposal decrease from C$192K (income) to C$3.6M (expense).
Employees: 73 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $729.62M as of Jun 30, 2022
Annual revenue (TTM): $0.00M as of Jun 30, 2022
EBITDA (TTM): -$63.18M as of Jun 30, 2022
Net annual income (TTM): -$95.69M as of Jun 30, 2022
Free cash flow (TTM): -$69.21M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 168,587,535 as of Sep 14, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization