Avanti Gold Corp. (C:AGC*CA)

Business Focus: Diversified Mining

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
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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

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