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Edgemont Gold Corp.
(EDGM)
Edgemont Gold Corp. (EDGM) vs. S&P 500 (SPY)
Edgemont Gold Corp. Business Overview & Revenue Model
Edgemont Gold Corp. Financial Statement Overview
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -143.15K | -536.63K | -660.49K | -85.65K | -42.62K | EBITDA |
| -4.42K | -505.07K | 0.00 | -152.43K | 0.00 | Net Income Common Stockholders |
| -148.04K | -506.05K | -503.43K | -141.87K | 7.79K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 903.17K | 704.12K | 1.99M | 150.07K | 144.86K | Total Assets |
| 2.37M | 2.32M | 3.05M | 379.24K | 245.15K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -903.17K | -704.12K | -1.99M | -150.07K | -144.86K | Total Liabilities |
| 19.14K | 21.08K | 348.81K | 10.71K | 54.36K | Stockholders Equity |
| 2.35M | 2.30M | 2.71M | 368.53K | 190.79K |
| Cash Flow | Free Cash Flow | |||
| -118.16K | -1.31M | -857.75K | -262.81K | -100.39K | Operating Cash Flow |
| -118.16K | -340.47K | -510.06K | -151.05K | -3.32K | Investing Cash Flow |
| 136.96K | -968.32K | -362.30K | -113.16K | -97.07K | Financing Cash Flow |
| 180.26K | 17.94K | 2.72M | 269.41K | 244.50K |
Edgemont Gold Corp. Technical Analysis
Edgemont Gold Corp. Peers Comparison
Edgemont Gold Corp. Corporate Events
Edgemont Gold Corp. has announced progress in its proposed acquisition of Laiva Gold Inc., as both companies work towards finalizing a definitive agreement. This acquisition is expected to enhance Edgemont’s portfolio and strengthen its position in the gold mining sector, although the transaction is subject to regulatory approvals and other conditions.
Spark’s Take on TSE:EDGM Stock
According to Spark, TipRanks’ AI Analyst, TSE:EDGM is a Neutral.
Edgemont Gold Corp. faces significant financial challenges typical of an exploration company, with no revenue and negative cash flow. However, strategic corporate activities such as acquisitions and leadership changes provide potential upside. Technical indicators suggest caution with potential downward pressure, while valuation metrics reflect the inherent risks of investing in non-profitable exploration stocks.
To see Spark’s full report on TSE:EDGM stock, click here.
Edgemont Gold Corp. has announced an extension to the deadline for finalizing a definitive agreement to acquire Laiva Gold Inc., a Canadian mining company with a flagship operation in Finland. The extension reflects ongoing efforts to complete the acquisition, which could enhance Edgemont’s operational capabilities and market positioning in the mining industry.
Spark’s Take on TSE:EDGM Stock
According to Spark, TipRanks’ AI Analyst, TSE:EDGM is a Neutral.
Edgemont Gold Corp. shows potential with strong technical indicators and strategic corporate events that could enhance its market position. However, its financial performance is concerning, with persistent operating losses and negative cash flow. The valuation is also unattractive due to the lack of earnings. The company’s future prospects depend heavily on successful project development and strategic execution.
To see Spark’s full report on TSE:EDGM stock, click here.
Edgemont Gold Corp. has announced an update regarding its proposed acquisition of Laiva Gold Inc., extending the deadline for a definitive agreement to April 15, 2025. Laiva Gold Inc. owns the Laiva Mine in Finland, which is one of the largest gold plants in Europe. This acquisition could potentially enhance Edgemont’s operational capacity and market positioning in the mining industry.
Edgemont Gold Corp. has appointed John Williamson as a director, effective February 26, 2025. Williamson brings over 30 years of experience in the global mining sector and has been instrumental in founding and leading over 20 successful companies, raising more than $1 billion for mining projects worldwide. This strategic appointment is expected to bolster Edgemont’s leadership and potentially enhance its project development and exploration efforts, particularly at the Dungate copper/gold porphyry project.
Edgemont Gold Corp. has announced a non-binding letter of intent to acquire Laiva Gold Inc., a private company based in Alberta, which marks a significant strategic move for Edgemont. This transaction, if finalized, will involve Edgemont issuing shares to Laiva’s shareholders and is expected to lead to a ‘Fundamental Change’ requiring Canadian Securities Exchange approval. Additionally, Edgemont has provided a $750,000 bridge loan to Laiva and plans to conduct private placement offerings to raise necessary capital, highlighting the company’s efforts to expand its operations and enhance its market position.
Edgemont Gold Corp. has successfully closed a non-brokered private placement, raising C$425,000 through the issuance of 8,500,000 units priced at C$0.05 each. The funds will be used for general working capital, and this move could enhance the company’s operational capacity and strengthen its market position in the mining sector.