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Tembo Gold Corp. (V:TEM)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: #1305 - 1090 W. Georgia St
Tel: N/A
IR: See website
Key People
David Scott
President, Chief Executive Officer, Director
Simon Charles Benstead
Chief Financial Officer, Vice President - Corporate Development, Director
Business Overview
Tembo Gold Corp. is a Canada-based junior mineral development company conducting activities in the East African country of Tanzania. The Company's principal business activity is the acquisition, exploration, and development of mineral properties. The Company operates in one reportable segment, the exploration and development of unproven exploration and evaluation assets. The Company's main asset is the Tembo gold property (the Tembo Project). The Company has a 100% interest in the Tembo Gold Project, which is located adjacent to Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. The Tembo Project originally consisted of seven prospecting licenses ((Ngula 1, Ngula 2, Nyakagwe East, Nyakagwe Village, Buly, Mgusu, Iyenze) located in northwest Tanzania. Its Ngula 1 comprises an area of east-west artisanal mining activity, including hard rock mining. Nyakagwe East is an extensive area of artisanal mining with numerous shafts more than 20m.
Financial Overview
For the nine months ended 30 September 2022, Tembo Gold Corp revenues was not reported. Net loss increased 10% to C$1.5M. Higher net loss reflects Professional fees and compensation increase from C$39K to C$300K (expense), Executive management compensation increase of 48% to C$411K (expense), Corporate development increase of 91% to C$183K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01.
Employees: 4 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $19.75M as of Sep 30, 2022
Annual revenue (TTM): $0.00M as of Sep 30, 2022
EBITDA (TTM): -$2.04M as of Sep 30, 2022
Net annual income (TTM): -$2.04M as of Sep 30, 2022
Free cash flow (TTM): -$4.43M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 101,771,345 as of Sep 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization