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Lavras Gold Corp
(LGC)
Lavras Gold Corp (LGC) vs. S&P 500 (SPY)
Lavras Gold Corp Business Overview & Revenue Model
Lavras Gold Corp Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -33.02K | -32.17K | -24.13K | 0.00 | 0.00 | 0.00 | EBIT |
| -2.36M | -2.08M | -1.85M | -258.96K | -79.86K | -40.06K | EBITDA |
| -3.59M | -1.92M | -1.87M | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| -3.67M | -2.04M | -1.93M | -201.15K | -56.23K | -58.02K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.65M | 11.05M | 4.79M | 1.00 | 334.63K | 117.93K | Total Assets |
| 25.94M | 27.53M | 15.89M | 1.00 | 17.58M | 16.26M | Total Debt |
| 163.08K | 203.81K | 310.66K | 0.00 | 0.00 | 0.00 | Net Debt |
| -1.49M | -10.85M | -4.48M | -1.00 | -334.63K | -117.93K | Total Liabilities |
| 1.27M | 773.91K | 890.41K | 0.00 | 108.20K | 79.82K | Stockholders Equity |
| 24.67M | 26.75M | 15.00M | 1.00 | 17.47M | 16.18M |
| Cash Flow | Free Cash Flow | ||||
| -9.33M | -7.08M | -5.23M | ― | ― | ― | Operating Cash Flow |
| -2.14M | -1.73M | -1.30M | ― | ― | ― | Investing Cash Flow |
| -7.19M | -5.35M | 6.16M | ― | ― | ― | Financing Cash Flow |
| -69.66K | 13.34M | -71.60K | ― | ― | ― |
Lavras Gold Corp Technical Analysis
Lavras Gold Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $75.47B | 28.74 | 9.42% | 1.51% | 26.99% | -6.63% | |
66 Neutral | $5.37B | ― | -18.54% | 4.84% | -0.18% | -2195.85% | |
47 Neutral | $2.44B | -2.84 | -22.09% | 3.51% | 4.02% | -28.91% | |
39 Underperform | C$75.20M | ― | -17.56% | ― | ― | 13.39% | |
29 Underperform | ― | -14.27% | ― | ― | -50.95% |
Lavras Gold Corp Corporate Events
Lavras Gold Corp announced promising results from its latest drilling at the Fazenda do Posto Gold Target in southern Brazil, intersecting significant gold mineralization in 11 out of 12 new drill holes. These findings, including a notable intersection of 1.2 g/t gold over 251 metres, enhance the company’s understanding of the mineralization patterns and support its goal of defining an economically viable gold resource in the region. The company is also conducting a comprehensive metallurgical test program to further de-risk the project, indicating a strategic move towards establishing a feasible gold mine on the LDS Project.
Lavras Gold Corp. announced significant drilling results from the Butiá Gold Deposit at its LDS Project in southern Brazil, with intersections showing promising gold mineralization. These results are part of the company’s efforts to define an economically feasible gold resource, enhancing confidence in the Butiá gold resource and potentially increasing its gold endowment. The company is also conducting a comprehensive metallurgical test program to further its short-term goal of establishing a viable gold mine in this highly prospective district.
Lavras Gold Corp. will present at the Prospectors and Developers conference, showcasing its LDS Project in southern Brazil. The company aims to engage with stakeholders by highlighting its discoveries at the Fazenda do Posto and Butiá deposits, potentially enhancing its market position and investor interest.
Lavras Gold Corp. has successfully closed a public offering, raising C$15 million through the sale of 6,819,500 common shares at C$2.20 each. The offering, managed by Paradigm Capital Inc. and Canaccord Genuity among others, was conducted in Canada and via private placements in the U.S. and offshore. This influx of capital is expected to support the company’s ongoing exploration efforts in Brazil and potentially bolster its market position in the gold exploration sector.
Lahontan Gold Corp. announced the closing of a non-brokered private placement financing, raising CAD $720,000 through the issuance of 36,000,000 common shares. Victoria Gold Corp. completed the sale of 42,132,139 Common Shares, representing 17.4% of Lahontan’s outstanding shares, to existing shareholders. This move aligns management with key shareholders and removes a share overhang that has negatively impacted the company’s share price. The proceeds will primarily support working capital, exploration, and development activities at the Santa Fe Mine project, enhancing the company’s future economic assessments.
Lavras Gold Corp. has announced an increase in its ‘best efforts’ public offering to raise C$13 million by selling 5,930,000 common shares at C$2.20 each. The upsized offering, managed by Paradigm Capital Inc. and Canaccord Genuity, supports the company’s strategy to advance its gold exploration projects, potentially enhancing its market position in the gold industry.
Lavras Gold Corp has announced a $10 million best efforts public offering to sell 4,546,000 common shares at C$2.20 per share. The proceeds will be used for exploration and development of the LDS Project and general working capital purposes. The offering, led by Paradigm Capital Inc. and Canaccord Genuity, is expected to close on February 6, 2025, pending necessary regulatory approvals.
Lavras Gold Corp will showcase its Lavras do Sul drill core at the AMEBC Round Up Conference in Vancouver and present on the gold exploration potential of the Lavras Do Sul Intrusive Complex. This exhibition and presentation aim to highlight the company’s exploration success and potential, potentially strengthening its position in the precious metals industry and attracting interest from stakeholders and investors.