Complete financial analysis of GFG Resources Inc (GFGSF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GFG Resources Inc, a leading company in the Gold industry within the Basic Materials sector.
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GFG Resources Inc (GFGSF)
About GFG Resources Inc
GFG Resources Inc., a precious metals exploration company, acquires, explores for, and develops gold properties in Canada and the United States. The company holds 100% interests in the Pen gold project covering an area of approximately 445 square kilometers that consists of 162 claims located to the southwest of Timmins, Ontario; and the Dore gold project, which covers an area of approximately 212 square kilometers located in Ontario. It also owns a 100% interest in the Rattlesnake Hills gold project comprising 1,573 unpatented lode mining claims and 8 state mining leases covering an area of approximately 30,400 acres located in Natrona County, Wyoming. The company is headquartered in Saskatoon, Canada.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 34.77K | 35.85K | 40.98K | 43.17K | 16.03K | 22.45K | 11.24K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -34.77K | -35.85K | -40.98K | -43.17K | -16.03K | -22.45K | -11.24K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 285.19K | 1.06M | 1.54M | 1.53M | 1.65M | 1.74M | 2.49M | 4.50M | 1.12M | 294.84K | 68.88K | 129.65K |
| Selling & Marketing | 938.32K | 596.87K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 44.51K | 49.92K | 627.00 |
| SG&A | 1.22M | 1.66M | 1.54M | 1.53M | 1.65M | 1.74M | 2.49M | 4.50M | 1.12M | 339.35K | 118.80K | 130.27K |
| Other Expenses | 0.00 | 579.73K | 658.04K | 1.23M | 723.04K | 845.99K | 223.70K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.22M | 1.66M | 1.54M | 1.53M | 1.65M | 1.74M | 2.49M | 4.51M | 1.12M | 339.35K | 118.80K | 130.27K |
| Cost & Expenses | 1.22M | 1.69M | 1.58M | 1.57M | 1.69M | 1.76M | 2.51M | 4.51M | 1.12M | 339.35K | 118.80K | 130.27K |
| Interest Income | 0.00 | 71.75K | 7.47K | 17.67K | 80.15K | 42.56K | 4.64K | 8.85K | 0.00 | 829.00 | 1.80K | 1.56K |
| Interest Expense | 0.00 | 75.31K | 8.77K | 11.67K | 16.32K | 3.13K | 3.41K | 14.44K | 100.38K | 348.00 | 338.00 | 30.00 |
| Depreciation & Amortization | 3.66K | 34.77K | 35.85K | 40.98K | 43.17K | 16.03K | 22.45K | 11.24K | 1.19M | 829.00 | 1.80K | 1.56K |
| EBITDA | -1.25M | -1.66M | -1.09M | -1.11M | -1.20M | -1.25M | -2.26M | -4.59M | 0.00 | -338.52K | -117.00K | -128.71K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -1.22M | -1.69M | -914.31K | -320.71K | -887.83K | -871.66K | -2.28M | -4.51M | -1.12M | -339.35K | -118.80K | -130.27K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 125.13K | -10.16M | 197.95K | 683.89K | 357.29K | 367.03K | -341.99K | -10.61K | -148.58K | 29.00 | 1.46K | 1.53K |
| Income Before Tax | -1.10M | -11.85M | -860.16K | -391.29K | -807.43K | -881.14K | -2.31M | -4.52M | -1.34M | -339.32K | -117.34K | -128.74K |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 148.00K | -2.00 | 666.80K | 1.25M | 739.36K | 849.11K | 227.11K | 14.44K | -1.09M | -481.00 | 0.00 | 0.00 |
| Net Income | -1.25M | -11.85M | -860.16K | -391.29K | -807.43K | -881.14K | -2.31M | -4.52M | -1.34M | -339.32K | -117.34K | -128.74K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -0.01 | -0.06 | -0.01 | 0.00 | -0.01 | -0.01 | -0.03 | -0.11 | -0.09 | -0.07 | -0.03 | -0.10 |
| EPS Diluted | -0.01 | -0.06 | -0.01 | 0.00 | -0.01 | -0.01 | -0.03 | -0.11 | -0.09 | -0.07 | -0.03 | -0.10 |
| Weighted Avg Shares Out | 217.37M | 183.01M | 148.54M | 132.57M | 108.57M | 91.59M | 66.40M | 41.27M | 14.44M | 4.53M | 4.53M | 1.25M |
| Weighted Avg Shares Out (Dil) | 217.35M | 183.01M | 148.54M | 132.57M | 108.57M | 91.59M | 66.40M | 41.27M | 14.44M | 4.53M | 4.53M | 1.25M |
GFG Discovers New Gold Zones at Aljo with up to 9.94 g/t Gold over 2.9 m and Initiates Aggressive Follow-up Drill Program
KEY HIGHLIGHTS: ALJ-24-014 intersected three new high-grade intervals 200 metres (m) northwest of the Aljo mine, returning 9.94 grams of gold per tonne (“g/t Au”) over 2.9 m, 10.4 g/t Au over 0.7 m and 6.41 g/t Au over 1.1...
GFG Announces Warrant Acceleration
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, Nov. 07, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces today that it is electing to accelerate the expiry...
GFG Drills 13.94 g/t Gold over 7.1 metres with Significant Visible Gold at the Aljo Mine Target (East of Timmins)
KEY HIGHLIGHTS: Completed 1,700 metre (“m”) H1 drill program in 5 holes at the Aljo Mine Target (“Aljo”). Drilled the best intercept to-date at the Aljo Hanging wall (“HW”) Zone in hole ALJ-24-012 returning 13.94 grams per tonne gold (“g/t...
GFG Signs Definitive Agreement with Patriot Gold to Sell its Rattlesnake Hills Gold Project
SASKATOON, Saskatchewan, Aug. 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces the signing of a definitive agreement (the “Agreement”) for the sale of its 100% owned Rattlesnake Hills Gold Project (the...
GFG Announces Updated Warrant Amendments
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, June 28, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it proposes to further amend the common share...
GFG Kicks-Off 6,000 Metre Drill Program and Initiates Regional Surface Exploration Programs Across its Timmins Portfolio
KEY HIGHLIGHTS: Resumes drilling with 1,500 m at the Aljo Mine Target (“Aljo”) to follow-up on high-grade gold intercepts of 3.65 grams of gold per tonne (“g/t Au”) over 6.3 metres (“m”), 13.35 g/t Au over 3.6 m and 6.58...
GFG Announces Proposed Warrant Amendments
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, May 27, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announced today that it proposes to extend the expiry dates...
GFG Signs Binding LOI with Patriot Gold to Sell its Rattlesnake Hills Gold Project
SASKATOON, Saskatchewan, May 09, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces the signing of a binding letter of intent (the “LOI”) for the sale of its 100% owned Rattlesnake Hills Gold...
GFG Closes Private Placement Financing
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, April 19, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) has closed its private placement financing (the “Offering”) ( see...
GFG Issues Shares to IEP Pursuant to WWCC Gold Property Option Agreement
SASKATOON, Saskatchewan, April 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) announces that it has issued shares pursuant to the previously announced option agreement (the “Agreement”) with International Explorers and Prospectors Inc. (“IEP”)...
Source: https://incomestatements.info
Category: Stock Reports