See more : KSK Energy Ventures Limited (KSK.NS) Income Statement Analysis – Financial Results
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 Extends Private Placement & Plans to Close Financing on or Before April 19, 2024
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, April 08, 2024 (GLOBE NEWSWIRE) -- Canada: GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that the Company has received approval from the...
GFG Announces Amendment of LIFE Offering Document
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, March 08, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announce that, due to a typographical error, it has filed...
GFG Announces Private Placement Financing of up to C$3.3 Million
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, Feb. 23, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces a private placement to raise gross proceeds of up...
GFG Announces the Grant of Stock Options
SASKATOON, Saskatchewan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) pursuant to the Company's annual executive compensation program, the Company announced that it has granted stock options to directors, officers, employees...
GFG Hits Multiple Veins with Visible Gold at Aljo and a New Footwall Zone Grading 13.35 g/t Gold over 3.6 Metres, East of Timmins, ON
KEY HIGHLIGHTS: Hole ALJ-23-004 returned broad zones of anomalous gold from surface to approximately 265 m downhole in mafic volcanics below the Aljo Mine workings along with high-grade zones with visible gold including: 3.65 grams of gold per tonne (“g/t...
GFG Hits Multiple, Shallow Lenses at Montclerg Gold System including 12.8 Metres of 3.09 g/t Gold
KEY HIGHLIGHTS: Hole MTC-23-060 intercepted multiple near-surface lenses in the bulk tonnage MC Main Zone including 24.9 metres (“m”) of 1.05 grams of gold per tonne (“g/t Au”) and 41.8 m of 0.92 g/t Au at the Montclerg Gold Project...
GFG Significantly Expands Montclerg Gold System at Depth with 12.8 Metres of 4.79 g/t Gold from a 150-metre Step-Out Hole
KEY HIGHLIGHTS: Hole MTC-23-059, a 150-metre step-out hole down-dip, returned 4.79 grams of gold per tonne (“g/t Au”) over 12.8 metres (“m”) including 10.05 g/t Au over 4.3 m at the Montclerg Gold Project (“Montclerg” or the “Project”). Hole MTC-23-063...
GFG Exercises its Option and Earns 100% in the Montclerg Gold Project in the Prolific Timmins Gold District
SASKATOON, Saskatchewan, Oct. 24, 2023 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has completed its earn-in requirements to earn 100% of the Montclerg Gold Project (“Montclerg” or the “Project”) pursuant to...
GFG Provides Update on Rattlesnake Hills Gold Project Option Agreement with Group 11 Technologies
SASKATOON, Saskatchewan, Sept. 11, 2023 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces the termination of its option and earn-in agreement (the “Agreement”) with Group 11 Technologies Inc. (“Group 11”), a privately-owned corporation,...
GFG Drills 10.21 g/t Gold over 2.7 Metres from its Deepest Drill Intercept to Date at its Montclerg Gold Project Located in the Timmins Gold District
KEY HIGHLIGHTS: Hole MTC-23-057 returned the deepest high-grade Lower Footwall intercept to-date at the Montclerg Gold Project (“Montclerg” or “Project”) yielding 10.21 grams of gold per tonne (“g/t Au”) over 2.7 m including 16.20 g/t Au over 1.5 metres (“m”)...
Source: https://incomestatements.info
Category: Stock Reports