Lavras Gold Corp. (V:LGC*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 82 Richmond Street East, Suite 201
Tel: 1-289-6241377
IR: See website
Key People
Michael Durose
President, Chief Executive Officer, Director
Hemdat Sawh
Chief Financial Officer, Company Secretary
Business Overview
Lavras Gold Corp. is a Canada-based junior exploration company. The Company is engaged in the exploration and development of the Lavras do Sul gold project located in the state of Rio Grande do Sul, Brazil. The Lavras do Sul gold project is an advanced exploration stage property that spans approximately 22,000 hectares in size and comprised of 29 mineral rights centered on historic gold workings.
Financial Overview
For the three months ended 31 March 2024, Lavras Gold Corp revenues was not reported. Net loss decreased 18% to C$499K. Lower net loss reflects Interest income increase from C$26K to C$120K (income), General and administrative decrease of 4% to C$537K (expense), Int exp on Financial Lease Liabilities decrease of 53% to C$6K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $78.51M as of Mar 31, 2024
Annual revenue (TTM): $0.00M as of Mar 31, 2024
EBITDA (TTM): -$2.06M as of Mar 31, 2024
Net annual income (TTM): -$1.93M as of Mar 31, 2024
Free cash flow (TTM): -$6.86M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 51,353,016 as of Mar 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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