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Element79 Gold Corp.
(ELEM)
Element79 Gold Corp. (ELEM) vs. iShares MSCI Canada ETF (EWC)
Element79 Gold Corp. Business Overview & Revenue Model
Element79 Gold Corp. Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -66.25K | -349.96K | -553.27K | 0.00 | 0.00 | 0.00 | EBIT |
| -2.51M | -3.41M | -2.84M | -4.95M | -625.71K | -13.75K | EBITDA |
| -5.15M | -3.26M | -3.49M | 0.00 | -625.71K | -13.75K | Net Income Common Stockholders |
| -6.07M | -4.40M | -12.29M | -4.94M | -625.71K | -13.75K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 7.19K | 3.22K | 8.89K | 5.02K | 302.23K | 66.26K | Total Assets |
| 15.94M | 15.33M | 19.09M | 26.95M | 1.01M | 106.85K | Total Debt |
| 454.99K | 227.46K | 4.79M | 2.52M | 0.00 | 0.00 | Net Debt |
| 447.80K | 224.25K | 4.78M | 2.51M | -302.23K | -66.26K | Total Liabilities |
| 5.02M | 4.21M | 10.59M | 9.93M | 412.65K | 6.00K | Stockholders Equity |
| 10.81M | 11.08M | 8.50M | 17.02M | 601.88K | 100.85K |
| Cash Flow | Free Cash Flow | ||||
| -2.21M | -2.49M | -708.57K | -5.46M | -377.28K | -46.74K | Operating Cash Flow |
| -2.21M | -2.49M | -696.81K | -2.98M | -321.47K | -18.40K | Investing Cash Flow |
| 1.68M | 1.56M | -1.03M | -2.75M | -55.81K | -28.34K | Financing Cash Flow |
| 644.45K | 918.40K | 1.83M | 5.17M | 613.26K | 113.00K |
Element79 Gold Corp. Technical Analysis
Element79 Gold Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.01B | -1.26 | -21.11% | 4.38% | 2.92% | -30.46% | |
25 Underperform | C$2.16M | ― | -57.67% | ― | ― | 91.61% | |
| C$1.56M | ― | -16.06% | ― | ― | ― | ||
| $912.19K | ― | -20.06% | ― | ― | ― | ||
| $894.92K | ― | -1.84% | ― | ― | ― | ||
| $422.26K | ― | ― | ― | ― | |||
| $1.42M | ― | -326.41% | ― | ― | ― |
Element79 Gold Corp. Corporate Events
Element79 Gold Corp. has announced an extension to the deadline for its proposed arrangement transaction and subsequent merger with Synergy Metals Corp. The new completion date for both transactions is set for August 31, 2025. This extension reflects the company’s commitment to finalizing the acquisition of all issued and outstanding shares of 1425957 B.C. Ltd. by Synergy, which is expected to impact Element79’s strategic positioning and growth in the gold mining sector.
Spark’s Take on TSE:ELEM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELEM is a Underperform.
Element79 Gold Corp. faces substantial challenges, reflected in its low overall score. The company’s financial performance is weak, with no revenue and ongoing losses, raising sustainability concerns. Technical analysis indicates bearish trends, and valuation metrics are unattractive with negative earnings. Despite some positive corporate events, compliance issues like the MCTO weigh heavily on investor sentiment. Strategic improvements are needed for financial stability and stock performance enhancement.
To see Spark’s full report on TSE:ELEM stock, click here.
Element79 Gold Corp. recently participated in a multi-stakeholder meeting in Chachas, Peru, to discuss its Minas Lucero Project. The meeting aimed to strengthen community relationships and outline development plans, although disruptions from a local artisanal miner group prevented formal agreements. The company remains committed to responsible mining and is reviewing its projects to maximize shareholder value, while also exploring additional growth opportunities in Peru and South America.
Spark’s Take on TSE:ELEM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELEM is a Underperform.
Element79 Gold Corp. faces substantial challenges, reflected in its low overall score. The company’s financial performance is weak, with no revenue and ongoing losses, raising sustainability concerns. Technical analysis indicates bearish trends, and valuation metrics are unattractive with negative earnings. Despite some positive corporate events, compliance issues like the MCTO weigh heavily on investor sentiment. Strategic improvements are needed for financial stability and stock performance enhancement.
To see Spark’s full report on TSE:ELEM stock, click here.
Element79 Gold Corp. has provided an update on its engagement with the Chachas community in Arequipa, Peru, as part of its Minas Lucero Project. The company is maintaining open communication with local stakeholders and addressing weather-related impacts that have affected mining operations. With the rainy season ending, Element79 is preparing for a multi-stakeholder meeting to discuss exploration and development plans, aiming to formalize small-scale mining permits and secure long-term surface agreements. This initiative underscores Element79’s commitment to responsible mining and fostering mutually beneficial partnerships with local communities.
Element79 Gold Corp. has provided an update on its social management and community engagement efforts for the Minas Lucero Project in Peru. The company is actively working with local authorities and stakeholders in Chachas to coordinate land use agreements and establish a working group with regional energy and mining authorities. Despite challenges from seasonal weather affecting road access and suspending artisanal mining operations, Element79 maintains open communication with the community and continues to support local infrastructure, including internet access.
Element79 Gold Corp. has drawn CA$185,000 from its Crescita Equity Investment Facility to support its operations, including legal and accounting fees, and to advance its social contract development in Peru. This move is part of the company’s strategy to enhance its operational capabilities and strengthen its position in the mining industry.
Element79 Gold Corp. has announced the filing of its audited annual financial statements for the year ended August 31, 2024, which were delayed and resulted in a Management Cease Trade Order (MCTO) by the British Columbia Securities Commission. The MCTO remains in effect until the company files its quarterly financial statements for the three months ended November 30, 2024, expected by March 7, 2025. The company assures stakeholders of its commitment to resolving the issue promptly and maintaining transparency through regular updates.
Element79 Gold Corp. has provided an update on its Management Cease Trade Order (MCTO) status, which was issued due to a delay in filing its audited financial statements for the year ended August 31, 2024. The MCTO restricts trading by the company’s CEO and CFO but does not affect other shareholders. The company is working with auditors to file the necessary documents by February 28, 2025, and will continue to issue bi-weekly updates until compliance is achieved.
Element79 Gold Corp. has entered into a strategic investment and advisory agreement with Crescita Capital LLC, which includes a CDN $5 million equity drawdown facility and advisory services. This agreement is expected to accelerate the company’s growth and enhance its operational and financial objectives by providing capital for exploration and development activities, as well as offering strategic advice on business development and mergers and acquisitions.