Novo Resources Corp. (T:NVO*CA)
Business Focus: Gold (NEC)
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 1100, 1199 West Hastings Street VANCOUVER BC V6E 3T5 |
| Tel: | 1-416-5433120 |
| Website: | https://novoresources.com |
| IR: | See website |
| Key People | ||
| Quinton Todd Hennigh Non-Executive Co-Chairman of the Board | Michael John Spreadborough Executive Co-Chairman of the Board, Acting Chief Executive Officer | Elza van Der Walt Chief Financial Officer, Joint Corporate Secretary | Lisa Smith General Counsel, Joint Corporate Secretary |
| Business Overview |
| Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Novo Resources Corp revenues was not reported. Net loss before extraordinary items increased from C$16.1M to C$48.9M. Higher net loss reflects Gain/Loss on Derivatives - Hedging decrease from C$22.3M (income) to C$0K, Deferred consideration accretion expense increase from C$0K to C$10.8M (expense), Impairment of exploration and evaluation increase from C$0K to C$9.3M (expense). |
| Employees: | 75 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $55.81M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$24.39M as of Dec 31, 2023 |
| Net annual income (TTM): | -$48.89M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$49.13M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 354,630,279 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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