Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | Suite 2380 - 1055 West Hastings Street VANCOUVER BC V6E 2E9 |
Tel: | N/A |
Website: | https://valoremresources.com |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Avanti Gold Corp. is a Canada-based gold exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo (DRC), in Misisi, located in the Fizi territory of South Kivu Province. The Company's Misisi Gold Project is located approximately 250 kilometers (km) south of Bukavu, the provincial capital of the South Kivu Province, in the Democratic Republic of the Congo. The Misisi Gold Project is comprised of three contiguous 30-year mining leases, covering approximately 133 square kilometers of prospective exploration ground along the 55-km-long Kibara Gold Belt. The Misisi Gold Project contains the Akyanga deposit, which is the subject of the NI 43-101 inferred resource of about 44.3 million tons at an average grade of 2.16 grams per ton gold containing 3.1 million ounces. |
Financial Overview |
For the six months ended 31 October 2023, Avanti Gold Corp revenues was not reported. Net loss increased from C$433K to C$1.8M. Higher net loss reflects Share-based compensation increase from C$0K to C$903K (expense), Office and miscellaneous increase from C$3K to C$280K (expense), Consulting fees increase from C$108K to C$298K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.02 to -C$0.04. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $5.54M as of Jan 31, 2024 |
Annual revenue (TTM): | $0.00M as of Jan 31, 2024 |
EBITDA (TTM): | -$16.07M as of Jan 31, 2024 |
Net annual income (TTM): | -$16.85M as of Jan 31, 2024 |
Free cash flow (TTM): | -$1.82M as of Jan 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 46,679,311 as of Dec 8, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |