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Ascot Resources
(TSX:AOT)
Ascot Resources (AOT) vs. iShares MSCI Canada ETF (EWC)
Ascot Resources Business Overview & Revenue Model
Ascot Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 14.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 185.00K | -1.55M | -693.00K | -859.00K | -997.00K | -1.35M | EBIT |
| -6.79M | -9.07M | -12.27M | -6.10M | -7.57M | -5.95M | EBITDA |
| 4.86M | -4.57M | -3.16M | -1.57M | -8.03M | -6.18M | Net Income Common Stockholders |
| -12.79M | -10.43M | -10.81M | -2.95M | -8.43M | -7.78M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.53M | 26.97M | 7.47M | 59.13M | 43.63M | 4.92M | Total Assets |
| 124.86M | 630.39M | 379.10M | 339.05M | 249.98M | 183.33M | Total Debt |
| 0.00 | 27.27M | 45.22M | 42.11M | 43.87M | 13.15M | Net Debt |
| -6.53M | 295.00K | 37.74M | -17.02M | 1.79M | 8.73M | Total Liabilities |
| 16.89M | 279.63M | 70.16M | 81.84M | 72.33M | 35.16M | Stockholders Equity |
| 107.97M | 350.76M | 308.94M | 257.20M | 177.65M | 148.17M |
| Cash Flow | Free Cash Flow | ||||
| -192.39M | -141.60M | -110.93M | -65.06M | -18.72M | -25.45M | Operating Cash Flow |
| -4.48M | -13.25M | -5.04M | -7.64M | -5.11M | -6.86M | Investing Cash Flow |
| -149.66M | -129.40M | -105.95M | -55.04M | -12.63M | -22.78M | Financing Cash Flow |
| 84.78M | 162.13M | 59.33M | 79.72M | 55.52M | 27.53M |
Ascot Resources Technical Analysis
Ascot Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | C$137.13M | ― | -6.47% | ― | ― | 9.52% | |
50 Neutral | $1.99B | -1.15 | -21.15% | 3.69% | 2.64% | -30.65% | |
50 Neutral | C$165.55M | ― | -30.68% | ― | ― | ― | |
42 Neutral | C$181.60M | ― | -1.08% | ― | ― | ― | |
41 Neutral | C$118.78M | ― | -5.17% | ― | ― | -101.02% | |
| $122.53M | ― | -86.24% | ― | ― | ― | ||
| $121.87M | ― | -5.43% | ― | ― | ― |
Ascot Resources Corporate Events
Ascot Resources Ltd. has announced a leadership transition with Christopher Park appointed as the Interim Chief Financial Officer, effective May 15, 2025. He succeeds Carol Li, who will retire and transition to an advisory role. Park brings over 25 years of finance experience, including 20 years in the mining sector, and is expected to guide the company through its next phase of development and into commercial production. This transition is seen as a strategic move to strengthen Ascot’s financial leadership as it continues its operations in the mining industry.
Spark’s Take on TSE:AOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:AOT is a Neutral.
The overall stock score for Ascot Resources (TSE:AOT) is 41, reflecting significant financial challenges and operational risks. Persistent net losses, negative cash flow, and reliance on external financing weigh heavily on the score. The bearish technical indicators and unfavorable valuation metrics further contribute to a low score. Although recent corporate events, such as securing new financing, provide some positive momentum, the risks associated with project delays and potential delisting remain critical concerns.
To see Spark’s full report on TSE:AOT stock, click here.
Ascot Resources Ltd. announced progress in its efforts to restart operations at the Premier Gold Project, having secured $61.1 million in financing. The company is enhancing its power and camp capacity to support increased mining activities, with plans to restart the Premier mill by August 2025. Ascot is advancing mine development and preparing for exploration to extend mineralization. The company is also focusing on environmental compliance and has initiated personnel recruitment to support its operational goals.
Spark’s Take on TSE:AOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:AOT is a Underperform.
Ascot Resources’ overall stock score is primarily impacted by its poor financial performance, with consistent net losses and negative cash flow. The technical analysis shows bearish momentum, and the valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield. Recent corporate events further underscore operational delays and financing challenges, contributing to a low stock score.
To see Spark’s full report on TSE:AOT stock, click here.
Ascot Resources Ltd. announced the successful closing of its final tranche of a private placement, raising a total of C$61.1 million. This funding, which saw significant participation from major shareholders Ccori Apu S.A.C. and Equinox Partners LLC, will be used to advance the Premier Gold Project and for general corporate purposes. The company relied on a financial hardship exemption from the Toronto Stock Exchange, which has placed its shares under delisting review. This development highlights Ascot’s strategic efforts to bolster its financial position and progress its mining operations, though it faces potential listing challenges.
Spark’s Take on TSE:AOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:AOT is a Underperform.
Ascot Resources’ overall stock score is primarily impacted by its poor financial performance, with consistent net losses and negative cash flow. The technical analysis shows bearish momentum, and the valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield. Recent corporate events further underscore operational delays and financing challenges, contributing to a low stock score.
To see Spark’s full report on TSE:AOT stock, click here.
Ascot Resources Ltd. has successfully closed the first tranche of its private placement, raising approximately C$42.0 million through the issuance of charity flow-through units and hard dollar units. The proceeds will be used for Canadian development expenses and to advance the Premier Gold Project. The company has also extended waiver and forbearance conditions with its secured creditors and amended its credit agreement with Nebari, increasing the maximum number of shares issuable under its convertible facility. Additionally, Ascot relied on a financial hardship exemption from the TSX, which is under delisting review, potentially affecting its listing status.
Ascot Resources Ltd. has announced an amendment to its previously disclosed equity financing plan, aiming to raise between C$60 million and C$65 million through a private placement offering. The offering will include hard dollar units and charity flow-through units, with the proceeds intended to support the advancement of the Premier Gold Project and other corporate purposes. The financing is contingent upon receiving necessary approvals and exemptions, and the company is currently under delisting review by the TSX due to financial hardship.
Ascot Resources Ltd. has announced a delay in the underground development of its Premier Gold Project due to a shortage of trained labor, which has affected its timeline for restarting mill operations. The company now expects ore throughput to commence in July 2025 and is working on finalizing a revised schedule and budget. This delay is likely to result in a working capital shortfall, and Ascot is engaging with shareholders and financial institutions to address the funding gap. The company remains committed to transparent communication with its stakeholders as it seeks potential financing solutions, although there is no certainty that the necessary capital will be raised.