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Precipitate Gold
(PRG)
Precipitate Gold (PRG) vs. S&P 500 (SPY)
Precipitate Gold Business Overview & Revenue Model
Precipitate 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 |
| -160.83K | -18.45K | -17.45K | 0.00 | 0.00 | EBIT |
| -1.10M | -8.30M | -1.65M | -1.68M | -1.39M | EBITDA |
| -1.10M | -2.57M | -1.64M | -1.68M | -545.69K | Net Income Common Stockholders |
| 358.61K | 1.55M | -1.72M | -1.72M | -545.69K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 5.45M | 6.64M | 452.35K | 1.55M | 1.45M | Total Assets |
| 6.42M | 8.00M | 2.51M | 3.48M | 3.37M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -5.45M | -6.64M | -446.35K | -1.52M | -1.40M | Total Liabilities |
| 380.93K | 2.21M | 134.93K | 60.17K | 40.90K | Stockholders Equity |
| 6.04M | 5.79M | 2.37M | 3.42M | 3.33M |
| Cash Flow | Free Cash Flow | |||
| -1.20M | -2.39M | -1.08M | -1.38M | -1.11M | Operating Cash Flow |
| -1.20M | -2.34M | -1.00M | -1.25M | -1.08M | Investing Cash Flow |
| 4.20K | 6.42M | -77.35K | -70.23K | 343.43K | Financing Cash Flow |
| 0.00 | 2.11M | 12.00K | 1.43M | 1.30M |
Precipitate Gold Technical Analysis
Precipitate Gold Peers Comparison
Precipitate Gold Corporate Events
Precipitate Gold Corp. has reported promising results from its ongoing exploration at the Juan de Herrera Project in the Dominican Republic, particularly in the newly identified Centro Zone. The recent trench sampling has revealed significant copper and gold mineralization, with highlights including 4.4% copper and 0.3 g/t gold over 1.8 meters. These findings suggest that the Centro Zone, alongside the nearby Southeast Zone, could become priority drill targets, potentially enhancing the company’s position in the gold-copper mining sector.
Spark’s Take on TSE:PRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRG is a Neutral.
Precipitate Gold’s overall score is driven by its financial struggles, with persistent losses and negative cash flow being the most significant concerns. Technical indicators suggest bearish sentiment, while the negative P/E ratio highlights valuation challenges. However, positive exploration results and partnerships in recent corporate events provide a silver lining, indicating potential future upside.
To see Spark’s full report on TSE:PRG stock, click here.
Precipitate Gold Corp. has begun establishing control grid lines for an induced polarization geophysical survey at its Juan de Herrera Project in the Dominican Republic. This initiative aims to refine known geophysical anomalies and expand survey areas to explore potential mineralization extensions. The project is part of a systematic exploration strategy to identify high-quality drill targets, leveraging the effectiveness of IP geophysical surveying in the region’s volcanic rocks. The ongoing exploration efforts are expected to enhance the company’s ability to delineate valuable mineral resources and improve its industry positioning.
Spark’s Take on TSE:PRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRG is a Neutral.
Precipitate Gold’s overall score is driven by its financial struggles, with persistent losses and negative cash flow being the most significant concerns. Technical indicators suggest bearish sentiment, while the negative P/E ratio highlights valuation challenges. However, positive exploration results and partnerships in recent corporate events provide a silver lining, indicating potential future upside.
To see Spark’s full report on TSE:PRG stock, click here.
Precipitate Gold Corp. announced the resignation of Adrian Fleming from its Board of Directors and his position as Non-Executive Chairman, effective April 1, 2025. This change in leadership may impact the company’s strategic direction as it continues to explore and expand its mineral property interests in the Dominican Republic.
Precipitate Gold Corp. announced significant results from its trench sampling at the CN Zone of the Juan de Herrera Project in the Dominican Republic, highlighting a discovery of 7.2 g/t gold over 2.0 meters. The exploration has successfully extended the gold-rich structure beyond 285 meters, with the structure remaining open to the south, indicating potential for further discoveries. These results underscore the CN Zone’s potential as an emerging target area, contributing to the project’s overall prospectivity and positioning Precipitate Gold favorably within the gold exploration sector.
Precipitate Gold Corp. announced that Barrick Gold Corporation has completed its drill program and decided to terminate its earn-in agreement for the Pueblo Grande project in the Dominican Republic. Despite the termination, Precipitate retains full ownership of the project and plans to continue exploring its potential, leveraging the extensive data collected by Barrick. The company also plans to focus on its other projects in the Dominican Republic, supported by recent positive developments in the region’s mining sector.
Precipitate Gold Corp. announced that Barrick Gold Corporation has commenced a diamond drilling program at Precipitate’s Pueblo Grande Project in the Dominican Republic. This Phase III drill program aims to test two high-priority target areas for potential high sulphidation epithermal gold mineralization. The initiative is part of an earn-in agreement allowing Barrick to earn a 70% interest in the project by spending $22 million on work expenditures and completing a pre-feasibility study by 2030. The increased investment highlights the project’s potential and strategic importance, potentially enhancing Precipitate’s market position and stakeholder value.
Precipitate Gold Corp. announced the discovery of a new geochemical anomaly named Centro within its Juan de Herrera Project in the Dominican Republic. The Centro anomaly, found in the southern part of the project, presents promising results with rock samples showing up to 2.0% copper and 2.6 g/t gold. This discovery, along with other ongoing exploration efforts, highlights the potential for significant mineralization in the area, strengthening the project’s prospects and potentially enhancing the company’s position within the mining sector.