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 | -103.64K | -63.55K | -55.64K | -56.92K | EBIT |
-3.05M | -848.45K | -1.99M | -447.92K | -293.10K | EBITDA |
-3.09M | -694.02K | -1.88M | -392.28K | -171.78K | Net Income Common Stockholders |
-3.10M | -744.92K | -2.45M | -1.34M | -540.38K |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
2.02M | 693.24K | 13.83M | 29.65M | 1.17M | Total Assets |
90.36M | 77.40M | 74.42M | 73.97M | 39.59M | Total Debt |
99.94K | 128.11K | 167.02K | 37.50K | 86.86K | Net Debt |
-1.92M | -565.13K | -13.67M | -29.62M | -1.08M | Total Liabilities |
657.98K | 926.87K | 928.75K | 792.34K | 1.36M | Stockholders Equity |
89.70M | 76.47M | 73.49M | 73.17M | 38.22M |
Cash Flow | Free Cash Flow | |||
― | -1.13M | -2.38M | -3.53M | -55.38K | Operating Cash Flow |
― | -803.39K | -647.01K | -2.02M | -2.38K | Investing Cash Flow |
― | -16.24M | -15.96M | -5.72M | -278.77K | Financing Cash Flow |
14.17K | 4.18M | 469.70K | 34.66M | 1.34M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
51 Neutral | C$214.37M | ― | -95.88% | ― | ― | 63.81% | |
49 Neutral | $1.93B | -1.47 | -21.02% | 3.74% | 0.80% | -29.57% | |
46 Neutral | C$324.54M | ― | -102.13% | ― | ― | 13.05% | |
45 Neutral | C$326.42M | ― | -42.57% | ― | ― | 51.26% | |
43 Neutral | C$491.44M | ― | -1.12% | ― | ― | 66.34% | |
42 Neutral | $454.21M | ― | 0.01% | ― | ― | -49.38% | |
18 Underperform | $301.89M | ― | 75.60% | ― | ― | -73.03% |
Freegold Ventures has announced significant high-grade gold intersections in both the Cleary and WOW Zones at its Golden Summit project. The company is advancing its 2025 drilling program, which aims to convert inferred resources into indicated categories and prepare for a pre-feasibility study. The results of the ongoing metallurgical testing and updated resource estimates are expected to enhance gold recovery and optimize project economics, marking 2025 as a pivotal year for the company’s development plans.
Spark’s Take on TSE:FVL Stock
According to Spark, TipRanks’ AI Analyst, TSE:FVL is a Neutral.
Freegold Ventures shows strong technical momentum and positive corporate developments, yet faces significant financial challenges with negative profitability and cash flow reliance on external financing. While recent financings and project advancements are promising, the financial instability and negative valuation metrics weigh heavily on the overall score.
To see Spark’s full report on TSE:FVL stock, click here.
Freegold Ventures Limited announced the closing of a $42 million brokered private placement financing, with Paradigm Capital acting as the sole agent. The proceeds will be used primarily for advancing the Golden Summit project, with drilling expected to resume next month and an updated Mineral Resource Estimate anticipated later in the second quarter. Eric Sprott, through an entity he controls, purchased 30% of the units issued, marking a significant related party transaction. The offering is subject to final approval by the Toronto Stock Exchange, and all securities issued will have a hold period of four months and one day.
Freegold Ventures Limited has announced an increase in its private placement offering to $36.5 million, with the issuance of up to 42,492,000 units at $0.85 per unit. The proceeds will be used for general working capital and corporate purposes, and the offering is expected to close on or about April 3, 2025, subject to regulatory approvals and customary closing conditions.
Freegold Ventures Limited has announced a $30 million best efforts private placement financing agreement with Paradigm Capital Inc. This financing involves issuing up to 32,295,000 units at $0.85 per unit, with each unit consisting of one common share and one half of a common share purchase warrant. The proceeds will be used for general working capital and corporate purposes. The offering is set to close on or about April 3, 2025, subject to regulatory approvals and customary closing conditions. This move is expected to bolster Freegold Ventures’ financial position and support its exploration activities in Alaska.
Freegold Ventures Limited announced significant advancements in its metallurgical test work for the Golden Summit Project, achieving a gold recovery rate of over 93% using the Albion Process™ oxidation-CIL method. The recent test results highlight the potential for optimizing gold recovery while minimizing future capital and operating costs, marking a positive step in the project’s development and potentially enhancing Freegold’s position in the industry.