South Atlantic Gold Inc. (V:SAO)
Business Focus: Diversified Mining
Insider Filings
Latest 10 SEDI filings for SAO within the last 6 months
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Company News
Sep 26, 2023 05:30 ET
South Atlantic Gold Announces the Closing of the Big Kidd Option Agreement
Kelowna, British
Columbia - TheNewswire - September 26, 2023 - South
Atlantic Gold Inc. (TSX-V:SAO) (“South Atlantic”
or the “Company”) announces the
closing of the previously announced property option agreement dated
November 4, 2022 and subsequent first and second amendments dated
January 4, 2023 and March 3, 2023 (collectively the “Option Agreement”)
with Quetzal Copper Limited (“Quetzal Copper”) to divest the Company’s 100%
interest in the Big Kidd Project.
Sep 15, 2023 15:00 ET
South Atlantic Announces Updates to the Tucano Judicial Recovery Process in Brazil
Vancouver, British Columbia -
TheNewswire - September 15, 2023 -
South Atlantic Gold Inc. (TSXV:SAO) (“South Atlantic” or
the “Company”) wishes to advise that the terms
and conditions demonstrated in the Mina Tucano Ltda. bankruptcy
process were not chosen by the creditors. Although the Company had
successful negotiations with certain creditors, some of which issued
letters of priority and support, and although the Company also offered
and negotiated better financial terms for many major creditors than a
competing proposal, the conditions precedent set out in South
Atlantic’s proposal (primar
Valuation Ratios
Industry
Sector
Beta
1.11
--
--
Price to Sales - TTM
--
6.26
4.50
Price to Book - most recent quarter
0.65
2.02
2.00
Price to Cash Flow per share - TTM
--
8.78
9.77
Price to Free Cash Flow per share - TTM
--
18.41
20.87
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 331 | 150 |
| Mar 15, 2024 | 181 | 100 |
| Feb 29, 2024 | 81 | 80 |
Business Summary
| Sector: Basic Materials | Industry: Diversified Mining |
South Atlantic Gold Inc. is a Canada-based exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties located in Brazil and Canada. The Company has a 100% interest in the Big Kidd project located in British Columbia and a 100% interest in the Pedra Branca project in Brazil. The Pedra Branca project is a mesothermal gold deposit hosted in the Troia greenstone belt in the Brazilian Archean terrain. The property covers approximately 48,828 hectares (ha) over a 50 kilometers (km) long shear zone. It has over 13 targets and approximately 30 prospective tenements. The Big Kidd Property is located in the Nicola Mining Division of British Columbia immediately northeast of Aspen Grove, approximately 25 kilometers (km) southeast of the City of Merritt, and 250km northeast of the City of Vancouver. The Big Kidd property comprises four mineral tenures totaling 4,056 hectares or 40.56 square kilometres.
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