| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -352.58K | -194.07K | -368.45K | -520.79K | -1.04M |
| Net Income | -676.54K | -388.75K | -404.02K | -567.71K | -1.06M |
Balance Sheet | |||||
| Total Assets | 7.10M | 5.41M | 5.32M | 4.20M | 3.04M |
| Cash, Cash Equivalents and Short-Term Investments | 668.47K | 61.98K | 587.40K | 7.26K | 690.36K |
| Total Debt | 1.99M | 1.83M | 1.43M | 893.30K | 953.09K |
| Total Liabilities | 2.81M | 2.37M | 1.81M | 988.25K | 1.09M |
| Stockholders Equity | 4.29M | 3.05M | 3.50M | 3.21M | 1.95M |
Cash Flow | |||||
| Free Cash Flow | -566.30K | -175.11K | -339.18K | -465.44K | -627.67K |
| Operating Cash Flow | -566.30K | -175.11K | -339.18K | -465.44K | -627.67K |
| Investing Cash Flow | -1.06M | -614.89K | -817.01K | -1.63M | -371.81K |
| Financing Cash Flow | 2.26M | 264.58K | 1.74M | 1.41M | -38.98K |
San Lorenzo Gold Corp has announced an increase in its non-brokered private placement offering from $4,000,000 to $5,000,000 due to significant investor demand. This move indicates strong investor interest and confidence in the company’s operations, particularly in its flagship Salvadora property, which could enhance its market positioning and stakeholder value.
San Lorenzo Gold Corp has entered into an advisory engagement with Argonaut Corporate Finance Limited, a leading Australian investment firm in natural resources, to serve as its strategic financial advisor. This partnership aims to enhance exploration efforts on San Lorenzo’s properties, particularly the Salvadora Gold/Copper project. Additionally, San Lorenzo plans a non-brokered private placement to raise up to $4 million, with Argonaut Group as a cornerstone investor, to fund exploration and general working capital. This move is expected to strengthen San Lorenzo’s financial position and exploration capabilities, potentially impacting its market presence and stakeholder interests positively.
San Lorenzo Gold Corp has completed the first diamond drill hole at its Cerro Blanco target on the Salvadora property in Chile, reaching a depth of 485 meters. Initial observations indicate that the mineralization aligns well with the IP chargeability anomaly, suggesting promising exploration results. The company plans to continue testing additional high chargeability IP geophysical anomalies across the property, which could enhance its position in the mining sector.
San Lorenzo Gold Corp has commenced drilling at the Cerro Blanco porphyry target on its Salvadora property in Chile, aiming to explore strong geophysical anomalies. The company has also closed a second credit facility of $1,000,000, approved by the TSX Venture Exchange, to fund this drilling program. This credit facility, provided by a company related to a director of San Lorenzo, will convert into a term loan maturing in 2027 and is convertible into common shares, potentially impacting the company’s share structure.