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Filings by transaction date
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Aug 30, 2024 (filed on Aug 30, 2024)Insider Name:Sood, RaviOwnership Type:Direct OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:500,000Price:$0.21
Filings by filing date
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Aug 30, 2024 (filed on Aug 30, 2024)Insider Name:Sood, RaviOwnership Type:Direct OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:500,000Price:$0.21
News
Biz Brief
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 181 Bay St, Suite 1800 TORONTO ON M5J 2T9 |
| Tel: | N/A |
| Website: | https://www.golcondagold.com |
| IR: | See website |
| Key People | ||
| Ravi Sood Executive Chairman of the Board, Chief Executive Officer | Andrew Bishop Chief Financial Officer | Wayne Hattonjones Chief Operating Officer |
| Business Overview |
| Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt. |
| Financial Overview |
| For the nine months ended 30 September 2024, Golconda Gold Ltd revenues increased 28% to $9.6M. Net loss increased 32% to $1.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Foreign exchange gain / (loss) decrease from $209K (income) to $74K (expense), Financing cost on borrowings increase of 50% to $809K (expense). |
| Employees: | 209 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $27.95M as of Sep 30, 2024 |
| Annual revenue (TTM): | $16.57M as of Sep 30, 2024 |
| EBITDA (TTM): | -$0.50M as of Sep 30, 2024 |
| Net annual income (TTM): | -$3.74M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$5.32M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $5.77M as of Sep 30, 2024 |
| Shares outstanding: | 71,840,033 as of Dec 17, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |