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Westhaven Gold Corp. (V:WHN)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1056-409 Granville Street
VANCOUVER BC V6C 1T2
Tel: N/A
Website: https://www.westhavengold.com
IR: See website
Key People
Eira M. Thomas
Chairman of the Board
Gareth Thomas
President, Chief Executive Officer, Director
Shaun Pollard
Chief Financial Officer
Business Overview
Westhaven Gold Corp. is a Canada-based gold-focused exploration company. The Company is advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge Gold Belt (SBGB). It controls approximately 37,000 hectares (ha) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property covers over 17,623 ha and is located near the southern end of the SBGB, approximately 30 kilometers (km) south of Merritt, British Columbia. Its other projects include Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. Its Prospect Valley Gold project covers over 10, 927 ha and is located roughly 30 km to the west of Merritt, British Columbia and is situated in the SBGB. The Company owns a 100% interest in the Skoonka Creek property, which is situated near the northern end of the SBGB. Its Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 ha.
Financial Overview
For the fiscal year ended 31 December 2023, Westhaven Gold Corp revenues was not reported. Net loss increased from C$1.2M to C$2.6M. Higher net loss reflects Premium on flow-through shares decrease of 19% to C$487K (income), Professional fees increase of 57% to C$263K (expense), Salary and benefits increase of 10% to C$817K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.01 to -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $31.06M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$2.48M as of Dec 31, 2023
Net annual income (TTM): -$2.64M as of Dec 31, 2023
Free cash flow (TTM): -$6.56M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 148,512,527 as of Apr 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization