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G2 Goldfields Inc
(TSX:GTWO)
G2 Goldfields Inc (GTWO) vs. S&P 500 (SPY)
G2 Goldfields Inc Business Overview & Revenue Model
G2 Goldfields Inc Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 614.39K | 530.65K | 315.58K | 346.11K | 436.33K | 497.26K | Gross Profit |
| 600.27K | 518.23K | 291.91K | 294.15K | 381.46K | 461.76K | EBIT |
| -6.58M | -3.79M | -4.09M | -2.22M | -3.03M | -1.21M | EBITDA |
| -5.45M | -3.06M | -4.38M | -2.14M | -12.76M | -1.17M | Net Income Common Stockholders |
| -5.49M | -3.10M | -4.43M | -2.20M | -12.92M | -1.21M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 42.01M | 16.71M | 15.82M | 1.32M | 2.11M | 588.77K | Total Assets |
| 106.93M | 64.09M | 43.42M | 17.90M | 13.92M | 20.95M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -41.91M | -16.65M | -15.77M | -1.25M | -2.04M | -583.77K | Total Liabilities |
| 4.83M | 2.48M | 2.02M | 967.55K | 1.02M | 1.35M | Stockholders Equity |
| 102.10M | 61.62M | 41.40M | 16.93M | 12.90M | 19.59M |
| Cash Flow | Free Cash Flow | ||||
| -28.14M | -20.14M | -10.84M | -6.19M | -6.09M | -4.54M | Operating Cash Flow |
| -1.09M | -1.25M | -1.05M | -1.36M | -2.41M | -611.67K | Investing Cash Flow |
| -26.97M | -18.91M | -10.25M | -4.83M | -3.72M | -3.83M | Financing Cash Flow |
| 62.73M | 21.25M | 26.12M | 5.48M | 7.59M | 3.93M |
G2 Goldfields Inc Technical Analysis
G2 Goldfields Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $20.61B | 15.84 | 14.66% | 1.03% | 23.38% | 131.87% | |
80 Outperform | $71.15B | 27.23 | 9.42% | 1.60% | 26.99% | -6.63% | |
79 Outperform | C$4.73B | 11.83 | 8.12% | ― | 33.06% | 177.69% | |
77 Outperform | $14.68B | 36.58 | 8.74% | 0.41% | 33.75% | 32.86% | |
66 Neutral | $4.99B | ― | -18.54% | 5.30% | -0.18% | -2195.85% | |
63 Neutral | C$726.27M | ― | -7.67% | ― | 68.84% | -18.57% | |
61 Neutral | $4.43B | 16.13 | -3.23% | 11.37% | 6.25% | -21.19% |
G2 Goldfields Inc Corporate Events
G2 Goldfields Inc. has announced promising results from its diamond drilling at the OKO Project in Guyana, revealing significant near-surface oxidized gold mineralization. The new discovery, located near the company’s flagship gold resources, could substantially impact the potential scale and economics of a mining complex in the area. The results show excellent continuity of gold mineralization, with assays pending further testing. The company plans to expand its drilling program to explore the discovery’s full potential.
G2 Goldfields Inc. has announced a new gold discovery at its OKO Project in Guyana, with drilling revealing significant gold mineralization. This discovery is part of a broader exploration effort across 83,967 acres in Guyana, and it is expected to enhance the company’s resource base and market position. Additionally, the company plans to spin out its G3 Goldfields Inc. assets with increased funding, which could provide further value to shareholders.
G2 Goldfields Inc. has announced a significant increase in the Mineral Resource Estimate for its Oko Project in Guyana. The updated estimate shows a 60% increase in indicated gold resources to 1.5 million ounces and a 49% increase in inferred resources to 1.6 million ounces. This positions the Oko Project as a large and high-grade gold deposit, benefiting from Guyana’s pro-development mining policies. The resource remains open for further exploration, indicating potential for future growth and development, which could enhance G2 Goldfields’ standing in the gold mining industry.
G2 Goldfields Inc. has announced key appointments to strengthen its executive team, including Jacqueline Wagenaar as VP of Investor Relations and Roopesh Sukhu as VP of Business Development in Guyana. These appointments are part of G2’s strategy to enhance its capital markets program and regional growth efforts, particularly with the proposed spin-out of G3 Goldfields Inc. and further development of the Oko Gold Property. The new roles are expected to bolster G2’s industry positioning and foster important partnerships in Guyana, highlighting the company’s commitment to unlocking the full potential of its assets.
G2 Goldfields Inc. has expanded its leadership team by appointing Jacqueline Wagenaar as VP of Investor Relations and promoting Roopesh Sukhu to VP of Business Development in Guyana. Wagenaar will lead capital market initiatives and the spin-out of G3 Goldfields Inc., while Sukhu will focus on regional growth and partnerships in Guyana. These strategic appointments aim to strengthen G2’s efforts in advancing the Oko Gold Property and engaging with local partners, reinforcing the company’s commitment to maximizing asset potential.
G2 Goldfields Inc. has announced the acquisition of two promising property packages in Guyana’s Region 7, which complements its extensive regional targets in the Oko-Aremu area known for substantial gold resources. This move aligns with G2’s strategy to expand its gold exploration and development footprint, utilizing modern exploration techniques on these previously unexamined sites. The acquisitions are expected to strengthen G2’s position in Guyana’s gold mining sector, aiming for further partnerships and progress in its drilling programs, which could benefit both the Guyanese community and the company’s stakeholders.
G2 Goldfields Inc. recently held its annual general and special meeting of shareholders, where the approval for the spin-out of its interest in certain non-core assets into a new subsidiary, G3 Goldfields Inc., was achieved. The spin-out plan, which is pending final court and regulatory approvals, is expected to enhance the company’s operational focus and market positioning by allowing G2 to concentrate on its core assets. Additionally, the meeting saw the re-election of directors and approval of a stated capital reduction, among other corporate matters.
G2 Goldfields Inc. has filed an independent technical report for its newly acquired New Aremu Project in Guyana. The company plans to spin out its interest in certain greenfield assets into a new subsidiary, G3 Goldfields Inc., which will include several key projects in the Cuyuni and Puruni districts of Guyana. This strategic move is expected to enhance G2’s focus on core assets while potentially expanding G3’s portfolio with additional gold assets. The technical report highlights significant gold mineralization in quartz veins and boulders, underscoring the potential of these properties for future development.
G2 Goldfields Inc. has announced significant advancements at its OKO-AREMU gold project in Guyana, including the discovery of a new high-grade gold zone between existing deposits, and successful expansion efforts at both the Ghanie and Oko zones. The company’s recent exploration activities have resulted in extensions of high-grade mineralized zones, which are expected to contribute to an updated mineral resource estimate in early 2025, potentially enhancing G2’s position in the gold exploration industry.