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Spanish Mountain Gold Ltd. (V:SPA)

Business Focus: Gold Mining

INK Edge Outlook

Mostly sunny as of July 01, 2020
For the latest outlook, get the company report

Insider Chart - Past 6 Months

INK Ultra Money Free

Insider Filings

Latest 10 SEDI filings for SPA within the last 6 months
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Company News

Jul 29, 2020 08:30 ET
Spanish Mountain Gold Announces $5M Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce that the Company has arranged a private placement of units at $0.42 per unit (a "Units") for gross proceeds of $5,000,000 (the "Offering").
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Jul 28, 2020 08:30 ET
Spanish Mountain Gold Further Accelerates Project Timeline and Declares Project Fully Funded to Be "Shovel Ready"
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to provide an update on its Spanish Mountain gold project (the "Project") following management's review of project deliverables given currently available cash. The Company previously announced, in a news release dated July 14, 2020, plans for a field program this summer and the completion of the inaugural Preliminary Feasibility Study (PFS) with a reserve statement for the Project's proposed Phase 1 operations within 12 months. Phase 1 targets exclusively the near-surface/ higher-grade portion of the mineral deposit, comprising less than 30% of the measured and indicated ounces of the Project's multimillion ounce gold resource.
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Valuation Ratios

Industry
Sector
Beta
3.22
--
--
Price to Sales - TTM
--
6.28
6.29
Price to Book - most recent quarter
1.53
3.99
3.50
Price to Cash Flow per share - TTM
--
12.29
11.33
Price to Free Cash Flow per share - TTM
--
21.01
21.10
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jul 15, 2020664,84561,738
Jun 30, 2020603,107401,756
Jun 15, 2020201,351106,612
See Short Report

Business Summary

Sector:  Basic Materials Industry:  Gold

Spanish Mountain Gold Ltd. is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of mineral properties. The Company operates in mineral exploration segment. Its long-term assets are located in Canada. The Company's primary asset is the Spanish Mountain property, which is located in the Cariboo region of central British Columbia, approximately six kilometers east of the village and over 66 kilometers northeast of the City of Williams Lake. The Spanish Mountain gold deposit is classified as a sediment-hosted vein (SHV) deposit. The Spanish Mountain Project is entering the pre-production phase of its development. The property consists of approximately 45 contiguous mineral claims and over six placer claims and covers an area of approximately 7,700 hectares, and is 100% owned by the Company. The Spanish Mountain gold deposit is a bulk-tonnage, gold system of finely disseminated gold. Its subsidiary is Wildrose Resources Ltd.

See business summary

 

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