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Signal Gold Inc. (T:SGNL)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 20 Adelaide St. East, Suite 915
TORONTO ON M5C 2T6
Tel: 1-647-3881842
Website: https://www.signalgold.com
IR: See website
Key People
George J. Furey
Chairman of the Board
Kevin Bullock
President, Chief Executive Officer, Director
Robert J. Dufour
Chief Financial Officer, Corporate Secretary
Business Overview
Signal Gold Inc. is a Canada-based gold development and exploration company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.
Financial Overview
For the fiscal year ended 31 December 2023, Signal Gold Inc revenues decreased from C$41.8M to C$0K. Net loss before extraordinary items increased 28% to C$15M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Share-based compensation expense increase of less than 1% to C$880K (expense).
Employees: 16 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $33.28M as of Dec 31, 2023
Annual revenue (TTM): $7.86M as of Dec 31, 2023
EBITDA (TTM): -$3.83M as of Dec 31, 2023
Net annual income (TTM): -$14.91M as of Dec 31, 2023
Free cash flow (TTM): -$23.07M as of Dec 31, 2023
Net Debt Last Fiscal Year: $13.16M as of Dec 31, 2023
Shares outstanding: 251,423,273 as of Mar 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization