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Satori Resources
(CGC)
Satori Resources (CGC) vs. iShares MSCI Canada ETF (EWC)
Satori Resources Business Overview & Revenue Model
Satori Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.35K | -9.08K | -7.69K | -22.37K | -21.93K | -21.50K |
| EBITDA | -4.12M | -3.16M | -3.26M | -2.23M | -668.30K | -425.77K |
| Net Income | -3.83M | -3.19M | -3.30M | -2.25M | -690.22K | -447.27K |
Balance Sheet | ||||||
| Total Assets | 2.85M | 1.17M | 2.33M | 942.22K | 3.26M | 3.79M |
| Cash, Cash Equivalents and Short-Term Investments | 2.65M | 1.05M | 2.19M | 910.08K | 3.10M | 1.26M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.10M | 1.60M | 1.59M | 1.40M | 1.55M | 1.20M |
| Stockholders Equity | 742.94K | -432.05K | 734.77K | -455.99K | 6.17M | 2.59M |
Cash Flow | ||||||
| Free Cash Flow | -3.78M | -3.45M | -2.68M | -2.19M | -2.72M | -586.44K |
| Operating Cash Flow | -3.77M | -3.45M | -2.62M | -2.19M | -669.88K | -358.80K |
| Investing Cash Flow | -7.20K | 0.00 | 1.45M | 0.00 | -2.05M | -227.64K |
| Financing Cash Flow | 4.91M | 2.32M | 2.45M | 0.00 | 4.56M | 1.33M |
Satori Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | C$148.83M | -66.67 | -7.04% | ― | ― | -62.50% | |
59 Neutral | C$140.35M | -53.54 | -6.60% | ― | ― | -35.33% | |
56 Neutral | C$120.33M | -37.33 | -15.41% | ― | ― | 48.28% | |
54 Neutral | C$107.92M | -44.00 | -2.03% | ― | ― | 29.58% | |
45 Neutral | C$126.35M | -31.58 | -1294.36% | ― | ― | ― |
Satori Resources Corporate Events
Canadian Gold Corp. announced that its shareholders have overwhelmingly approved a business combination with McEwen Inc., to be executed through a statutory plan of arrangement. The arrangement received significant support, with 99.998% of votes in favor, and is subject to customary conditions and final court approval, anticipated to close by January 5, 2026. This merger is expected to enhance Canadian Gold’s operations and market positioning, potentially benefiting stakeholders by expanding its resource base and leveraging McEwen’s expertise.
Canadian Gold Corp., a mining company, is reporting promising results from its Phase 4 drill program at the Tartan Mine in Manitoba. The results, particularly from the Main Zone’s Western Flank, indicate significant gold mineralization, supporting plans for a potential mine restart. The company is also being acquired by McEwen Inc., with the transaction expected to close in early 2026. The drilling program aims to increase gold production and reduce costs, with significant findings in both the Main and South Zones. Additionally, exploration at the Tartan West property has confirmed high-grade gold at the surface, presenting further growth opportunities.
Canadian Gold Corp. has received a $300,000 grant from the Manitoba Mineral Development Fund, bringing the total grants received to $900,000 since 2023. This funding has been pivotal in advancing the Tartan Mine project, which has seen significant exploration and development progress. The company is in the process of being acquired by McEwen Inc., which plans further investment in the Tartan Mine, including extensive drilling and economic assessments in 2026. The support from MMDF and tax incentives make Manitoba a favorable location for mineral exploration.
Canadian Gold Corp. announced the distribution of materials for a special meeting to approve a plan of arrangement with McEwen Inc., where shareholders will receive McEwen shares for their Canadian Gold shares. The arrangement, subject to necessary approvals, is expected to be completed in January 2026, and has been deemed financially fair by Red Cloud Securities Inc.
McEwen Inc. and Canadian Gold Corp. have entered into a definitive agreement for McEwen to acquire all outstanding shares of Canadian Gold, making it a wholly-owned subsidiary. This transaction offers Canadian Gold shareholders exposure to McEwen’s diversified portfolio and technical expertise, while McEwen benefits from acquiring a high-grade former producing mine with significant exploration potential, enhancing its development pipeline.