South Atlantic Gold Inc. (V:SAO)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | Landmark 3, #335 - 1632 Dickson Avenue KELOWNA BC V1Y 7T2 |
| Tel: | N/A |
| Website: | https://southatlanticgold.com |
| IR: | See website |
| Key People | ||
| Douglas Spolador Meirelles President, Chief Executive Officer, Director | Terese Gieselman Chief Financial Officer, Secretary | |
| Business Overview |
| South Atlantic Gold Inc. is a Canada-based exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties located in Brazil and Canada. The Company has a 100% interest in the Big Kidd project located in British Columbia and a 100% interest in the Pedra Branca project in Brazil. The Pedra Branca project is a mesothermal gold deposit hosted in the Troia greenstone belt in the Brazilian Archean terrain. The property covers approximately 48,828 hectares (ha) over a 50 kilometers (km) long shear zone. It has over 13 targets and approximately 30 prospective tenements. The Big Kidd Property is located in the Nicola Mining Division of British Columbia immediately northeast of Aspen Grove, approximately 25 kilometers (km) southeast of the City of Merritt, and 250km northeast of the City of Vancouver. The Big Kidd property comprises four mineral tenures totaling 4,056 hectares or 40.56 square kilometres. |
| Financial Overview |
| For the nine months ended 30 November 2023, South Atlantic Gold Inc revenues was not reported. Net loss increased from C$324K to C$672K. Higher net loss reflects Consulting increase from C$14K to C$93K (expense), Share-based payments increase of 81% to C$172K (expense), Accounting and legal increase of 76% to C$45K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2.71M as of Nov 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Nov 30, 2023 |
| EBITDA (TTM): | -$0.87M as of Nov 30, 2023 |
| Net annual income (TTM): | -$0.87M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$0.73M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 109,565,666 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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