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Newcore Gold Ltd. engages in the acquisition, advancement, and development of mineral resource properties in Ghana. It holds 100% interest in the Enchi Gold Project covering 248 square kilometers located in southwest Ghana, as well as holds six prospecting licenses. The company was formerly known as Pinecrest Resources Ltd. and changed its name to Newcore Gold Ltd. in August 2020. Newcore Gold Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Newcore Gold Ltd is a Canada-listed junior mining company focused on exploration and development of gold properties. Long-term growth drivers include successful resource discovery and expansion, permitting and development, and favorable gold prices which may support economics. Investors may find the company attractive for exposure to potential resource-led upside and leverage to higher metal prices.
Key investment risks include typical junior-miner challenges such as exploration and development risk, access to capital and dilution, sensitivity to gold price volatility, and jurisdictional or permitting obstacles that could delay or prevent production.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -4.06M | -2.42M | -2.63M | -4.02M | -2.21M |
| Net income | -5.27M | -3.37M | -2.63M | -4.02M | -2.21M |
| Selling general administrative | 1.05M | 0.91M | 1.23M | 3.84M | 2.15M |
| Gross profit | -0.02M | -0.01M | -0.01M | -0.01M | - |
| Reconciled depreciation | 0.02M | 0.01M | 0.01M | 0.01M | - |
| Ebit | - | - | - | -3.24M | -1.80M |
| Ebitda | - | - | -2.57M | -3.84M | -2.15M |
| Operating income | -4.29M | -2.42M | -2.58M | -3.85M | -2.15M |
| Interest expense | - | - | - | 0.00M | 0.00M |
| Tax provision | 1.21M | 0.94M | - | - | - |
| Interest income | 0.09M | 0.18M | 0.04M | 0.03M | 0.01M |
| Net interest income | 0.09M | 0.18M | 0.04M | 0.03M | 0.01M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 4.29M | 2.42M | 2.58M | 3.85M | 2.15M |
| Cost of revenue | 0.02M | 0.01M | 0.01M | 0.01M | - |
| Total other income expense net | 0.13M | -0.18M | -0.08M | -0.20M | -0.08M |
| Net income from continuing ops | -5.27M | -3.37M | -2.63M | -4.02M | -2.21M |
| Net income applicable to common shares | - | - | - | -4.02M | -2.21M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 56.75M | 46.23M | 44.51M | 40.39M | 31.12M |
| Other current assets | - | - | - | - | -0.00M |
| Total liab | 6.89M | 0.17M | 0.49M | 1.31M | 1.58M |
| Total stockholder equity | 49.85M | 46.06M | 44.02M | 39.08M | 29.54M |
| Common stock | - | - | - | 40.81M | 28.81M |
| Capital stock | 60.74M | 51.83M | 46.51M | 40.81M | 28.81M |
| Retained earnings | -24.60M | -15.78M | -13.35M | -10.73M | -6.71M |
| Other liab | - | - | - | 0.11M | 0.11M |
| Other assets | - | - | - | 0.28M | 0.19M |
| Cash | 5.15M | 3.75M | 0.59M | 0.78M | 1.28M |
| Total current liabilities | 1.85M | 0.17M | 0.38M | 1.20M | 1.47M |
| Other stockholder equity | - | - | - | 9.00M | 7.44M |
| Property plant equipment | - | - | - | 34.23M | 17.38M |
| Total current assets | 5.56M | 4.07M | 3.95M | 5.88M | 13.56M |
| Net tangible assets | - | - | - | 39.08M | 29.54M |
| Short term investments | 0.00M | 0.00M | 3.00M | 4.75M | 11.94M |
| Net receivables | - | - | - | 0.05M | 0.04M |
| Accounts payable | 0.22M | 0.17M | 0.38M | 1.20M | 1.47M |
| Non currrent assets other | - | - | - | 0.22M | 0.08M |
| Non current assets total | 51.18M | 42.16M | 40.56M | 34.51M | 17.57M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | 0.00M | 0.29M | -2.90M | 7.19M | -11.50M |
| Change to liabilities | - | - | - | 0.14M | 0.21M |
| Total cashflows from investing activities | - | - | - | -8.61M | -14.41M |
| Total cash from financing activities | 8.69M | 4.92M | 5.12M | 10.67M | 17.04M |
| Change to operating activities | - | - | - | -0.01M | -0.25M |
| Net income | -5.27M | -2.42M | -2.63M | -4.02M | -2.21M |
| Change in cash | 1.40M | 3.16M | -0.19M | -0.50M | 1.18M |
| Begin period cash flow | 3.75M | 0.59M | 0.78M | 1.28M | 0.09M |
| End period cash flow | 5.15M | 3.75M | 0.59M | 0.78M | 1.28M |
| Total cash from operating activities | -2.68M | -1.99M | -2.19M | -2.53M | -1.36M |
| Issuance of capital stock | 5.54M | 5.00M | 5.01M | 11.50M | 18.00M |
| Depreciation | 0.02M | 0.01M | 0.01M | 0.01M | 0.01M |
| Other cashflows from investing activities | - | - | - | 0.04M | -0.11M |
| Change to account receivables | - | - | - | -0.01M | -0.04M |
| Other cashflows from financing activities | - | - | - | -0.91M | -1.21M |
| Change to netincome | - | - | - | 1.36M | 0.92M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 15.84M | 2.80M |
| Change in working capital | 1.08M | 0.02M | -0.60M | 0.13M | -0.07M |
| Stock based compensation | 0.37M | 0.38M | 0.87M | 1.46M | 0.84M |
| Other non cash items | - | - | - | - | 0.00M |
| Free cash flow | -2.68M | -1.99M | -2.19M | -2.53M | -1.36M |
Sector: Basic Materials Industry: Gold
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|
| NCAU Newcore Gold Ltd |
- -% |
0.28 | - | - | - | 2.72 | -10.59 |
| OMG Omai Gold Mines Corp |
0.18 12.08% |
1.67 | - | - | - | 62.63 | -4.09 |
| ASE Asante Gold Corporation |
0.07 12.07% |
0.65 | - | 6.57 | 2.23 | 269.42 | 49.52 |
| THX Thor Explorations Ltd. |
0.06 6.98% |
0.92 | 3.41 | 2.77 | 2.87 | 1.88 | 2.44 |
| MKO Mako Mining Corp |
0.80 7.86% |
10.98 | 18.47 | 2.34 | 6.21 | 4.73 | 10.00 |
Newcore Gold Ltd. engages in the acquisition, advancement, and development of mineral resource properties in Ghana. It holds 100% interest in the Enchi Gold Project covering 248 square kilometers located in southwest Ghana, as well as holds six prospecting licenses. The company was formerly known as Pinecrest Resources Ltd. and changed its name to Newcore Gold Ltd. in August 2020. Newcore Gold Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Douglas B. Forster B.Sc., M.Sc., P.Geo. | Corp. Sec. & Non-Exec. Chairman | 1959 |
| Mr. Luke Alexander | Pres, CEO & Director | NA |
| Mr. Wayne Kent Lee CA, CPA | Chief Financial Officer | 1968 |
| Ms. Mal Karwowska | VP of Corp. Devel. & Investor Relations | NA |
| Mr. Gregory F. Smith B.Sc., P.Geo, P.Geo. | Vice-Pres of Exploration | 1965 |
| Mr. Douglas B. Forster B.Sc., M.Sc., P.Geo. | Corporate Secretary & Non-Executive Chairman | 1959 |
| Mr. Luke Alexander | President, CEO & Director | NA |
| Ms. Mal Karwowska | Vice President of Corporate Development & Investor Relations | NA |
| Mr. Gregory F. Smith B.Sc., P.Geo, P.Geo. | Vice-President of Exploration | 1966 |
| Mr. Branden Fraser P.Eng. | Vice President of Projects | NA |
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