Scorpio Gold Corporation (V:SGN)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 800 West Pender Street, Suite 910 VANCOUVER BC V6C 2V6 |
| Tel: | N/A |
| Website: | https://scorpiogold.com |
| IR: | See website |
| Key People | ||
| Chris Zerga President, Chief Executive Officer, Director | Alnesh Mohan Chief Financial Officer | Diane Zerga General Manager |
| Business Overview |
| Scorpio Gold Corporation is a Canada-based company, which conducts mineral exploitation, exploration, and development activities in the United States. The Company holds a 100% interest in the consolidated Manhattan District in Nevada comprising the advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground mine and a 400 ton per day mill facility. The 100% owned Goldwedge property is located 54 kilometers (km) north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada. The 726-hectare (1,795 acre) property covers three separate claim blocks and encompasses the Goldwedge, Keystone and Jumbo gold deposits. It also holds a 100% interest in the Manhattan Property situated adjacent and proximal to the Goldwedge property. The 5,617 hectare (13,879 acre) Mineral Ridge property is located approximately six km northwest of the town of Silver ePeak and 56 km southwest of Tonopah in Esmeralda County, Nevada. |
| Financial Overview |
| For the nine months ended 30 September 2023, Scorpio Gold Corp revenues was not reported. Net loss increased from $677K to $1.9M. Higher net loss reflects FV/Uls Adjust on Derivatives for Hedging decrease of 82% to $44K (income), Foreign exchange gain decrease of 78% to $55K (income), Care and maintenance - Balancing value increase of 21% to $1M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.04 to -$0.08. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $22.30M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$3.57M as of Sep 30, 2023 |
| Net annual income (TTM): | -$4.66M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$2.69M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $5.66M as of Sep 30, 2023 |
| Shares outstanding: | 86,327,017 as of Apr 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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