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G2 Goldfields Inc
(TSX:GTWO)
G2 Goldfields Inc (GTWO) vs. iShares MSCI Canada ETF (EWC)
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 | 632.82K | 530.65K | 315.58K | 346.11K | 436.33K | 497.26K |
| Gross Profit | 616.95K | 518.23K | 291.91K | 294.15K | 381.46K | 461.76K |
| EBITDA | -8.67M | -3.06M | -4.38M | -2.14M | -12.76M | -1.17M |
| Net Income | -8.71M | -3.10M | -4.43M | -2.20M | -12.92M | -1.21M |
Balance Sheet | ||||||
| Total Assets | 107.50M | 64.09M | 43.42M | 17.90M | 13.92M | 20.95M |
| Cash, Cash Equivalents and Short-Term Investments | 32.55M | 16.71M | 15.82M | 1.32M | 2.11M | 588.77K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.35M | 2.48M | 2.02M | 967.55K | 1.02M | 1.35M |
| Stockholders Equity | 104.15M | 61.62M | 41.40M | 16.93M | 12.90M | 19.59M |
Cash Flow | ||||||
| Free Cash Flow | -31.44M | -20.14M | -10.84M | -6.19M | -6.09M | -4.54M |
| Operating Cash Flow | -3.39M | -1.25M | -1.05M | -1.36M | -2.41M | -611.67K |
| Investing Cash Flow | -28.24M | -18.91M | -10.25M | -4.83M | -3.72M | -3.83M |
| Financing Cash Flow | 42.81M | 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | $6.96B | 18.86 | -1.16% | 6.91% | 4.65% | -25.28% | |
58 Neutral | C$684.75M | ― | -10.54% | ― | 43.34% | -123.81% | |
| $326.42M | 64.86 | -7.13% | ― | ― | ― | ||
69 Neutral | C$605.24M | 6.08 | 25.43% | ― | 22.51% | 56.77% | |
52 Neutral | C$761.74M | ― | -2232.66% | ― | 13.51% | 3.80% | |
41 Neutral | C$630.16M | ― | -357.27% | ― | ― | -138.15% | |
41 Neutral | C$601.68M | ― | -11.37% | ― | ― | -2270.97% |
G2 Goldfields Inc Corporate Events
G2 Goldfields Inc. has announced significant progress in its exploration activities in the Oko-Aremu District, Guyana, with ongoing diamond drilling expanding a new surface gold discovery. The drilling has established a strike length of nearly 500 meters, with the auriferous zone remaining open for further exploration. The company is also conducting regional soil sampling and mapping to identify high-value drill targets, with scout drilling underway at the Peters Mine property. These developments are poised to enhance G2’s existing multi-million ounce resource base and strengthen its position in the gold exploration industry.
Spark’s Take on TSE:GTWO Stock
According to Spark, TipRanks’ AI Analyst, TSE:GTWO is a Neutral.
G2 Goldfields Inc. has a balanced score of 61, driven by strong technical indicators and positive corporate developments. However, financial performance and valuation pose significant challenges due to persistent losses and a negative P/E ratio. Despite these challenges, the positive momentum and strategic corporate actions provide a foundation for potential future growth, especially if operational improvements are realized.
To see Spark’s full report on TSE:GTWO stock, click here.
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.