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Sky Gold Corp. (V:SKYG)

Business Focus: Specialty Mining & Metals

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1240 - 789 West Pender Street
VANCOUVER BC V6C 1H2
Tel: N/A
Website: www.sunvestminerals.com
IR: See website
Key People
Michael B. England
Chief Executive Officer, Director
John Kent Masters
Chief Financial Officer, Corporate Secretary, Director
 
Business Overview
Sky Gold Corp, formerly Sunvest Minerals Corp., is a mining and exploration company. The Company's projects include Moosehead, Evening Starclone, Coldmckinnon, Mckinnon Hemlo West, Roy Mine Project and Brazil Lake Cobalt. The Moosehead North Gold project tenures consist of 165 claim units covering 10,230 acres (4,215 hectares). The Evening Star project property is located in west-central Nevada in Mineral County and is comprised of 43 unpatented mineral lode claims totaling 660 acres. Its Clone project comprises 10,688 hectares and is located in BC's famous Golden Triangle district just 16 kilometers South-East of Stewart, BC. Its Roy Mine cobalt-silver property, located about 11 kilometers northwest of Elk Lake, Ontario. The Brazil Lake Cobalt project is located in the Sudbury mining district in north-central Ontario and is comprised of three claims totaling 32 units covering approximately 512 hectares.
Financial Overview
For the nine months ended 31 March 2020, Sky Gold Corp revenues was not reported. Net loss increased 40% to C$2.4M. Higher net loss reflects Write-off of exploration and evaluation increase of 72% to C$1.9M (expense), Share-based compensation increase from C$70K to C$148K (expense), Professional fees increase of 14% to C$93K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.27 to -C$0.20.
Reporting Currency: Canadian Dollars
Enterprise value: $7.66M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$0.82M as of Mar 31, 2020
Net annual income (TTM): -$3.52M as of Mar 31, 2020
Free cash flow (TTM): -$1.60M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 58,997,130 as of Aug 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization