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Newcore Gold
(NCAU)
Newcore Gold (NCAU) vs. S&P 500 (SPY)
Newcore Gold Business Overview & Revenue Model
Newcore Gold Financial Statement Overview
| 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 |
| -11.29K | -9.35K | -6.41K | 0.00 | 0.00 | EBIT |
| -1.94M | -2.49M | -3.65M | -2.07M | -237.26K | EBITDA |
| -1.94M | -2.62M | -4.01M | -2.07M | -226.81K | Net Income Common Stockholders |
| -2.42M | -2.63M | -4.02M | -2.21M | -270.65K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.75M | 3.59M | 5.53M | 13.21M | 524.39K | Total Assets |
| 46.23M | 44.51M | 40.39M | 31.12M | 14.65M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -3.75M | -586.14K | -775.01K | -1.28M | -92.39K | Total Liabilities |
| 170.25K | 492.97K | 1.31M | 1.58M | 398.70K | Stockholders Equity |
| 46.06M | 44.02M | 39.08M | 29.54M | 14.25M |
| Cash Flow | Free Cash Flow | |||
| -1.99M | -6.91M | -18.36M | -4.17M | -553.06K | Operating Cash Flow |
| -1.99M | -2.19M | -2.53M | -1.36M | -282.90K | Investing Cash Flow |
| 287.90K | -2.90M | -8.61M | -14.41M | 19.28K | Financing Cash Flow |
| 4.92M | 5.12M | 10.67M | 17.04M | 0.00 |
Newcore Gold Technical Analysis
Newcore Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$4.86B | 8.58 | 22.80% | 1.77% | 12.24% | 14.88% | |
74 Outperform | $5.78B | ― | -17.61% | 4.65% | 5.97% | -1677.31% | |
74 Outperform | C$10.01B | ― | -3.12% | 3.41% | 59.60% | -74.74% | |
49 Neutral | $1.95B | -1.21 | -21.28% | 3.72% | 1.18% | -30.47% | |
38 Underperform | C$165.52M | ― | -10.99% | ― | ― | -64.81% |
Newcore Gold Corporate Events
Newcore Gold Ltd. has announced promising drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana. The drilling at the Nyam Gold Deposit and Kojina Hill Gold Target has intersected multiple zones of gold mineralization, highlighting the potential for resource growth and continuity. These results are significant as they support the company’s strategy to convert inferred resources to indicated and expand its resource base, positioning Newcore Gold for future growth and development in the gold mining sector.
Spark’s Take on TSE:NCAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NCAU is a Neutral.
Newcore Gold’s overall score reflects its current position as a speculative mining exploration company. The absence of revenue and profitability limits its financial performance score, but the company’s debt-free status and strong cash flow from financing are positives. Promising drill results provide optimism for future resource growth, enhancing its market position. Technical indicators signal short-term momentum, albeit with caution due to overbought signals. Valuation remains challenging due to the lack of earnings and dividends.
To see Spark’s full report on TSE:NCAU stock, click here.
Newcore Gold Ltd. has announced promising results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana. The recent drilling at the Sewum Gold Deposit has revealed multiple zones of gold mineralization, indicating strong potential for resource growth and continuity of mineralization. The company is fully funded to continue its exploration efforts, with plans to advance the project by commissioning a Pre-Feasibility Study later this year. These developments are expected to enhance Newcore’s positioning in the gold mining sector and deliver value to stakeholders.
Newcore Gold Ltd. has announced an increase in its drilling program at the Enchi Gold Project in Ghana to 35,000 metres, following successful drilling results and a $15 million equity financing. The expanded program aims to accelerate resource conversion and support a Pre-Feasibility Study, with a focus on both resource growth and exploration of new targets. Recent drilling at the Boin Gold Deposit has revealed multiple zones of shallow gold mineralization, indicating potential for significant resource growth and enhanced project valuation.
Newcore Gold Ltd. has successfully closed a private placement financing, raising $15 million through the issuance of 41,096,000 units at $0.365 per unit. The funds will be used to further exploration and development at the Enchi Gold Project in Ghana, as well as for general corporate purposes. The offering was led by Paradigm Capital Inc. and included a syndicate of agents. Each unit consists of one common share and a warrant, allowing the purchase of an additional share at $0.50 until February 2026. This financing strengthens Newcore Gold’s financial position, enabling further investment in its core project and potentially enhancing its market standing.
Newcore Gold Ltd. has been recognized as one of the top 50 performing companies for 2024 on the TSX Venture Exchange. This accolade highlights the company’s significant achievements, including a 121% appreciation in share price, as it continues to develop its district-scale Enchi Gold Project in Ghana, emphasizing its commitment to building value for shareholders.
Newcore Gold Ltd. has announced an increase in its private placement financing from $12 million to $15 million, aiming to issue up to 41,096,000 units at $0.365 per unit. The proceeds will be used for exploration and development at the Enchi Gold Project in Ghana and for general corporate purposes. The offering is expected to close by February 27, 2025, subject to necessary approvals, with securities being subject to a four-month hold period.
Newcore Gold Ltd. announced a brokered private placement financing agreement to raise up to $12 million through the issuance of company units. The proceeds will be used for exploration and development activities at its Enchi Gold Project in Ghana, and for general corporate purposes, potentially enhancing the company’s operational capabilities and market positioning.