Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 224 4th Ave S Suite 600 SASKATOON SK S7K 5M5 |
Tel: | N/A |
Website: | www.wescangoldfields.com |
IR: | See website |
Key People | ||
Kenneth E. Macneill Chairman of the Board, Chief Executive Officer | Greg P. Shyluk Chief Financial Officer |
Business Overview |
Wescan Goldfields Inc. is a Canada-based mineral exploration company based in Saskatchewan. The Company is focused on the exploration of its current portfolio of gold properties and the acquisition of new exploration targets. Its properties include Fork Lake property, Jojay gold property, and Munro Lake gold property. The Fork Lake property is located in the greenstone belt of northern Saskatchewan. The Fork Lake property covers an area of approximately 6,513 hectares (ha). The Jojay gold property is an advanced stage gold exploration project is an advanced stage gold exploration project. The Munro Lake gold property (Munro Lake) is located seven kilometers (km) from the Seabee gold mine in Northeastern Saskatchewan. The Company holds a 100% interest in Munro Lake. The Munro Lake gold property covers 2,480 ha situated about 130 kilometers northeast of La Ronge, Saskatchewan. |
Financial Overview |
For the nine months ended 30 September 2023, Wescan Goldfields Inc. revenues was not reported. Net loss increased 100% to C$214K. Higher net loss reflects Exploration and evaluation increase from C$26K to C$66K (expense), Administration increase of 63% to C$94K (expense), Corporate development increase from C$24K to C$55K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2.44M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$0.24M as of Sep 30, 2023 |
Net annual income (TTM): | -$0.24M as of Sep 30, 2023 |
Free cash flow (TTM): | -$0.22M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 53,284,320 as of Oct 10, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |