Breakdown | ||||
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
0.00 | -3.83K | -5.20K | -31.00K | -16.82K | EBIT |
-975.89K | -2.75M | -4.42M | -2.73M | -7.42M | EBITDA |
-975.89K | -2.74M | -4.25M | -2.51M | -7.40M | Net Income Common Stockholders |
-984.93K | -2.80M | -4.18M | -2.72M | -7.43M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
279.57K | 1.28M | 1.31M | 3.96M | 204.38K | Total Assets |
299.08K | 1.38M | 1.51M | 4.03M | 263.75K | Total Debt |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
-279.57K | -1.22M | -1.22M | -3.91M | -204.38K | Total Liabilities |
124.11K | 539.70K | 476.94K | 457.54K | 316.93K | Stockholders Equity |
174.97K | 841.95K | 1.04M | 3.58M | -53.18K |
Cash Flow | Free Cash Flow | |||
-1.23M | -2.69M | -4.01M | -2.41M | -2.85M | Operating Cash Flow |
-1.23M | -2.69M | -4.00M | -2.39M | -2.85M | Investing Cash Flow |
69.11K | 0.00 | -13.78K | -13.04K | 0.00 | Financing Cash Flow |
212.98K | 2.71M | 1.27M | 6.04M | 2.94M |
Desert Gold Ventures Inc. announced the results of trenching and prospecting activities conducted between 2010 and 2012 at the Mogoyafara South and Linnguekoto West gold deposits. These findings reveal significant opportunities for resource expansion, with notable gold grades identified outside and at the edges of existing resource pits. The discoveries suggest potential for increasing their inferred mineral resources of 479,000 ounces of gold, enhancing the company’s position in the gold mining sector.
Desert Gold Ventures has appointed Diallo Cheick Ousmane as the new Vice President of Exploration for West Africa, highlighting his extensive experience in the region’s mining industry. This strategic move comes as the company focuses on expanding its exploration efforts and developing a small gold mine to support its growth.
Desert Gold Ventures has revealed promising results from its second phase of exploration drilling at the SMSZ Project in Mali, with the aim of reaching a 2 million ounce gold mineral resource. The company successfully extended gold mineralization at several zones, marking a significant step forward in its exploration goals.
Desert Gold Ventures has successfully closed its warrant exercise incentive program, raising CAD $1,258,286 to support its SMSZ Gold Project in West Mali. This initiative allowed the issuance of additional warrants, encouraging further investment in the company’s future growth. The funds raised will also be used for general working capital purposes.