Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Scorpio Gold Corporation (V:SGN)

Business Focus: Gold Mining

Log in or join to add this stock to your watch list.
Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1-15782 Marine Dr
WHITE ROCK BC V4B 1E6
Tel: 1-858-4567300
Website: www.scorpiogold.com
IR: See website
Key People
Peter J. Hawley
Chairman of the Board
Chris Zerga
President
Brian Lock
Interim Chief Executive Officer, Director
Dan O'Brien
Chief Financial Officer
James Ashton
Mine Manager
David Lacount
Mine Controller
Doris Mayer
Corporate Secretary
   
Business Overview
Scorpio Gold Corporation is engaged in mining exploitation, exploration and development and has an operating mine and a toll milling facility. The Company's segments include Mineral Ridge, Goldwedge and Other. The Mineral Ridge Property is located approximately 60 kilometers southwest of Tonopah, Nevada. The property consists of several consolidated claim blocks and mining operations. The project's total land package consists of approximately 630 unpatented mining lode claims, an unpatented mill site claim and over 60 patented mining claims covering a total of approximately 12,730 acres. Other fee lands and town lots in Silver Peak add an additional of over 120 acres, for a total land package of approximately 12,860 acres. The Goldwedge property, including the Goldwedge mine and a processing plant, is located over 50 kilometers northeast of the town of Tonopah, in west-central Nevada. The property covers over three separate claim blocks. It operates in the United States and Canada.
Financial Overview
For the six months ended 30 June 2019, Scorpio Gold Corp revenues decreased 55% to $2.5M. Net income totaled $2.6M vs. loss of $35K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Impairment of mining assets decrease of 90% to $40K (expense), Interest and accretion on long-term debt decrease of 65% to $104K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $13.12M as of Jun 30, 2019
Annual revenue (TTM): $8.99M as of Jun 30, 2019
EBITDA (TTM): -$0.70M as of Jun 30, 2019
Net annual income (TTM): $3.08M as of Jun 30, 2019
Free cash flow (TTM): $0.14M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 62,474,000 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization