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Gold79 Mines
(WPG)
Gold79 Mines (WPG) vs. iShares MSCI Canada ETF (EWC)
Gold79 Mines Business Overview & Revenue Model
Gold79 Mines 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -381.54K | 0.00 | -808.70K | -923.46K | -813.57K | 0.00 |
| Net Income | -381.54K | -420.38K | -504.35K | -923.46K | -833.55K | -229.91K |
Balance Sheet | ||||||
| Total Assets | 5.46M | 5.07M | 5.00M | 4.91M | 2.58M | 234.87K |
| Cash, Cash Equivalents and Short-Term Investments | 124.87K | 90.19K | 431.96K | 1.01M | 173.75K | 47.17K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 276.87K | 195.83K | 85.46K | 246.98K | 136.00K | 389.42K |
| Stockholders Equity | 5.18M | 4.88M | 4.92M | 4.67M | 2.45M | -154.55K |
Cash Flow | ||||||
| Free Cash Flow | -464.32K | -270.23K | -1.54M | -1.20M | -887.27K | -186.93K |
| Operating Cash Flow | -321.59K | -270.23K | -621.76K | -888.78K | -708.00K | -125.43K |
| Investing Cash Flow | -171.70K | -398.94K | -641.76K | -952.19K | -510.54K | -34.95K |
| Financing Cash Flow | 627.47K | 329.90K | 683.51K | 2.66M | 1.32M | 189.89K |
Gold79 Mines Technical Analysis
Gold79 Mines Peers Comparison
Gold79 Mines Corporate Events
West Point Gold Corp. has granted a total of 4.2 million stock options to its officers, directors and consultants under its 2020 Stock Option Plan, with an exercise price of $1.18 per share and an expiry date of December 23, 2030. Of these, 3.8 million options will vest in stages over two years, while 400,000 options vest immediately, a move that aligns management and key personnel with shareholder interests as the company advances its portfolio of gold exploration assets in the Walker Lane Trend, particularly the Gold Chain Project in Arizona.
West Point Gold Corp announced positive drilling results from its ongoing 15,000-meter program at the Northeast Tyro zone within its Gold Chain project in Arizona. These results indicate expanded gold mineralization at greater depths and improved grades, suggesting a coalescing of veins typical of epithermal systems. The drilling outcomes are expected to enhance the company’s upcoming maiden resource estimate, potentially bolstering its position in the gold exploration sector and offering promising prospects for stakeholders.
West Point Gold Corp. has announced the successful exercise of 6,271,071 warrants, generating proceeds of C$3.0 million, which has bolstered its cash balance to C$7.2 million. This financial strength has enabled the company to expand its drilling program at the Gold Chain project in Arizona from 10,000 meters to 15,000 meters by adding a second drill rig. The expanded program aims to test several high-potential targets, including Tyro South and other zones, positioning the company to advance the Tyro Main Zone toward a maiden resource. This strategic move reflects the company’s commitment to aggressive exploration and resource development, potentially enhancing its market position and offering promising implications for stakeholders.
West Point Gold Corp. has announced the successful exercise of 6,271,071 warrants, generating proceeds of C$3.0 million, which has bolstered its cash balance to C$7.2 million. This financial strength has enabled the company to expand its ongoing drill program at the Gold Chain project in Arizona to 15,000 meters by adding a second drill rig. The expanded drilling efforts aim to explore additional targets and expand the Tyro Main Zone, positioning the company to advance towards a maiden resource and potentially enhance its market position in the gold mining industry.
West Point Gold Corp. has announced significant results from its ongoing drilling campaign at the Gold Chain Project in Arizona. The initial two holes of the Tyro Northeast drilling campaign have extended the high-grade gold zone at depth, with one hole returning 36.6 meters of 7.35 g/t gold. This advancement suggests a strengthening of the mineral system and has meaningful implications for the company’s grade profile and the scale of its upcoming maiden resource.
West Point Gold Corp. has announced the results of its initial phase of a 10,000-meter drill program at the Gold Chain Project in Arizona, revealing significant gold mineralization across several drill holes. The results suggest a broader mineralized zone than previously thought, positioning the company well for a maiden resource estimate in 2026. These findings could enhance West Point Gold’s operational prospects and industry positioning, potentially benefiting stakeholders by confirming the continuity of mineralization and expanding the project’s potential.
West Point Gold Corp. has announced significant changes to its management team and Board of Directors, with Derek Macpherson stepping up as President and CEO, and Andrew Bowering joining as a Director. These changes are expected to strengthen the company’s strategic direction as it advances its exploration programs, particularly the Gold Chain Project in Arizona. The appointment of Bowering, a seasoned venture capitalist with a strong track record in the mining sector, is anticipated to bolster West Point Gold’s market positioning and growth potential.
West Point Gold Corp., a mining company, has announced additional drill results from its ongoing 10,000-meter drill program at the Gold Chain Project in Arizona. The latest results, particularly from holes GC25-77 and GC25-78, show promising gold mineralization near the surface, extending the known mineralized zone to the northeast. This development is significant as it supports the continuity of mineralization, which is crucial for the company’s planned maiden resource estimate expected in 2026. The ongoing drilling aims to further explore and potentially expand the high-grade zones, which could positively impact the company’s resource estimates and industry positioning.
West Point Gold Corp., a mining company, has announced additional drill results from its Gold Chain Project in Arizona, highlighting significant gold mineralization. The latest results from the Tyro Main Zone show promising gold grades, with Hole GC25-70 intersecting 82.4 meters of 1.61 g/t Au, including a high-grade section of 9.1 meters at 8.37 g/t Au. These findings support the continuity of mineralization and are part of a broader effort to establish a maiden resource estimate. The company plans to continue drilling to expand the high-grade zone, which could enhance its market position and provide valuable data for stakeholders.
West Point Gold Corp., a mining company, has announced significant drill results from its ongoing 10,000-meter drill program at the Gold Chain Project in Arizona. The recent assay results from drill holes GC25-69 and GC25-68 have demonstrated impressive gold grades, indicating a continuous and robust gold-bearing zone from the surface downward. These findings are crucial as they provide the necessary data to advance the project towards its maiden resource estimate, potentially enhancing the company’s position in the mining industry.