Scorpio Gold Corporation (V:SGN*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 1-15782 Marine Dr
Tel: 1-858-4567300
IR: See website
Key People
Peter J. Hawley
Chairman of the Board
Chris Zerga
Brian Lock
Interim Chief Executive Officer, Director
Dan O'Brien
Chief Financial Officer
James Ashton
Mine Manager
David Lacount
Mine Controller
Doris Mayer
Corporate Secretary
Business Overview
Scorpio Gold Corporation is engaged in mining exploitation, exploration and development and has an operating mine and a toll milling facility. The Company's segments include Mineral Ridge, Goldwedge and Other. The Mineral Ridge Property is located approximately 60 kilometers southwest of Tonopah, Nevada. The property consists of several consolidated claim blocks and mining operations. The project's total land package consists of approximately 630 unpatented mining lode claims, an unpatented mill site claim and over 60 patented mining claims covering a total of approximately 12,730 acres. Other fee lands and town lots in Silver Peak add an additional of over 120 acres, for a total land package of approximately 12,860 acres. The Goldwedge property, including the Goldwedge mine and a processing plant, is located over 50 kilometers northeast of the town of Tonopah, in west-central Nevada. The property covers over three separate claim blocks. It operates in the United States and Canada.
Financial Overview
For the nine months ended 30 September 2019, Scorpio Gold Corp revenues decreased 52% to $3.7M. Net income increased from $128K to $2.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Impairment of mining assets decrease of 90% to $40K (expense), Interest and accretion on long-term debt decrease of 77% to $104K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $13.08M as of Sep 30, 2019
Annual revenue (TTM): $7.68M as of Sep 30, 2019
EBITDA (TTM): -$1.71M as of Sep 30, 2019
Net annual income (TTM): $2.48M as of Sep 30, 2019
Free cash flow (TTM): -$1.37M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 62,474,000 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization