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Galleon Gold
(GGO)
Galleon Gold (GGO) vs. iShares MSCI Canada ETF (EWC)
Galleon Gold Business Overview & Revenue Model
Galleon Gold 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 | -23.16K | -26.25K | -32.44K | -39.29K | -37.07K | -16.24K |
| EBITDA | 69.96K | -2.45M | -825.00K | -907.00K | -299.00K | -2.69M |
| Net Income | -915.84K | -3.18M | -1.26M | -972.00K | -345.00K | -7.08M |
Balance Sheet | ||||||
| Total Assets | 47.20M | 31.90M | 30.13M | 26.99M | 24.30M | 25.14M |
| Cash, Cash Equivalents and Short-Term Investments | 15.27M | 1.62M | 672.74K | 1.27M | 1.62M | 8.16M |
| Total Debt | 15.51M | 3.35M | 1.24M | 0.00 | 145.64K | 287.40K |
| Total Liabilities | 20.38M | 8.75M | 5.61M | 3.51M | 3.70M | 5.59M |
| Stockholders Equity | 26.82M | 23.15M | 24.52M | 23.48M | 20.60M | 19.55M |
Cash Flow | ||||||
| Free Cash Flow | -2.21M | -3.00M | -3.33M | -4.78M | -7.89M | -6.23M |
| Operating Cash Flow | -1.90M | -2.48M | -1.71M | -2.73M | -1.81M | -2.59M |
| Investing Cash Flow | -721.96K | -756.48K | -281.61K | -1.03M | -5.01M | -3.49M |
| Financing Cash Flow | 15.87M | 4.55M | 1.74M | 3.23M | -135.11K | 12.61M |
Galleon Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$83.43M | -8.51 | -63.27% | ― | ― | -68.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$172.11M | -100.00 | -3.92% | ― | ― | ― | |
50 Neutral | C$77.51M | -10.45 | -651.67% | ― | ― | 30.90% | |
49 Neutral | C$64.63M | -10.99 | -300.84% | ― | ― | -7.00% | |
48 Neutral | C$94.76M | -3.63 | -174.89% | ― | ― | -48.84% | |
43 Neutral | C$62.45M | -3.79 | -43.89% | ― | ― | ― |
Galleon Gold Corporate Events
Galleon Gold has completed the repurchase and full extinguishment of a 3% net smelter return royalty on its West Cache Gold Project from a Newmont subsidiary, paying a total of $11 million to make the project’s principal resource 100% free of such royalties. Management says removing this royalty at the pre-development stage materially improves the project’s long-term economics and positions the company to capture more upside as West Cache advances toward development, supporting its broader strategy of de-risking and enhancing shareholder value.
Galleon Gold has secured a senior secured credit facility of up to $46 million from Pan American Silver, providing key funding alongside a recently completed $30 million equity raise to advance underground development and infrastructure for a bulk sample at its West Cache Gold Project and for general corporate purposes. The loan, which bears prime plus 7% interest over a 24‑month term and is secured against most of the company’s assets, also enables an initial $11 million draw to repurchase an existing 3% net smelter return royalty on the project, while Pan American’s decision to take its $1.15 million arrangement fee in shares modestly increases its equity stake and underscores its strategic support of the project, though the related‑party nature of the transaction required reliance on standard regulatory exemptions.
Galleon Gold Corp. has successfully closed an oversubscribed $30 million financing round, with significant contributions from Pan American Silver and Eric Sprott. The funds will be used to advance the West Cache Gold Project, particularly in surface infrastructure and development, signaling strong investor confidence in the project’s potential and the company’s strategic direction.
Galleon Gold Corp. has announced an increase in its equity financings to up to C$30 million, involving both non-brokered and brokered private placements. The funds raised will be used to advance the West Cache Gold Project, repurchase a net smelter royalty, and for general corporate purposes. This strategic move is expected to enhance the company’s operational capabilities and strengthen its market position in the gold mining sector.
Galleon Gold Corp. has announced a significant financial move involving a $46 million debt facility from Pan American Silver Corp. and a $25 million equity financing through private placements. The funds will be used to advance the West Cache Gold Project, repurchase a net smelter royalty, and for general corporate purposes. This financial strategy is expected to bolster the company’s operational capabilities and strengthen its market position, with the debt facility and equity offerings set to close by the end of 2025, pending regulatory approvals.
Galleon Gold Corp. has announced the issuance of 202,635 common shares to satisfy an interest payment of $132,224.38 on its convertible debentures. This move, which has received final acceptance from the TSX Venture Exchange, is part of the company’s financial strategy to manage its obligations while advancing its West Cache Gold Project. The issuance of shares instead of cash preserves liquidity and supports the company’s ongoing exploration and development activities.
Galleon Gold has announced that it will satisfy its interest payment obligations on convertible debentures by issuing common shares, subject to TSX Venture Exchange approval. This decision, involving a related party transaction, reflects the company’s strategic financial management and its ongoing efforts to optimize capital structure while advancing its West Cache Gold Project.
Galleon Gold has entered into an agreement with Newmont Corporation to repurchase a 3% net smelter return royalty on its West Cache Gold Project. This strategic move is expected to enhance the project’s economics by reducing future payouts. Additionally, Galleon Gold has engaged North Star Investor Relations to bolster its investor relations efforts, aiming to strengthen its market presence and communication with stakeholders.