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SolGold
(LSE:SOLG)
SolGold (SOLG) vs. S&P 500 (SPY)
SolGold Business Overview & Revenue Model
SolGold Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -264.49K | 0.00 | -298.07K | -619.05K | 0.00 | 0.00 | EBIT |
| -13.73M | -20.80M | -38.48M | 18.73M | -12.87M | -13.79M | EBITDA |
| -36.74M | -13.49M | -24.63M | 19.35M | -11.48M | -11.97M | Net Income Common Stockholders |
| -55.79M | -60.30M | -50.34M | -1.70M | -22.89M | -14.12M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.82M | 6.03M | 32.48M | 26.10M | 109.56M | 46.90M | Total Assets |
| 46.89M | 463.85M | 478.34M | 429.16M | 456.91M | 306.80M | Total Debt |
| 111.41K | 199.16M | 147.57M | 84.79M | 107.52M | 16.44M | Net Debt |
| -1.71M | 193.13M | 115.09M | 58.69M | -2.04M | -30.46M | Total Liabilities |
| 815.76K | 209.23M | 165.41M | 97.91M | 118.29M | 24.81M | Stockholders Equity |
| 46.08M | 254.61M | 312.93M | 332.44M | 339.20M | 282.49M |
| Cash Flow | Free Cash Flow | ||||
| -30.57M | -10.48M | -78.63M | -82.66M | -95.94M | -68.44M | Operating Cash Flow |
| -8.11M | -10.24M | -33.66M | -11.01M | -14.05M | -9.10M | Investing Cash Flow |
| -22.32M | -25.24M | -43.92M | -71.65M | -81.76M | -59.37M | Financing Cash Flow |
| 30.97M | 9.05M | 84.11M | -485.39K | 157.40M | 75.08M |
SolGold Technical Analysis
SolGold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £1.60B | 21.09 | 15.70% | ― | 31.84% | ― | |
74 Outperform | £7.52B | 68.20 | 3.70% | 0.78% | 25.76% | -41.10% | |
61 Neutral | £15.17B | 23.37 | 8.87% | 1.66% | 1.69% | -3.57% | |
61 Neutral | £30.73B | ― | -3.81% | 3.97% | 3.11% | -137.83% | |
48 Neutral | $1.91B | -1.66 | -22.29% | 3.86% | 0.68% | -27.44% | |
40 Underperform | $215.18M | ― | -21.06% | ― | ― | 6.41% |
SolGold Corporate Events
SolGold has announced the grant of options over 15,000,000 Ordinary Shares to its new CEO, Mr. Slobodan Vujcic, and 5,000,000 shares to its CFO, Mr. Christopher Stackhouse, as part of their remuneration packages. These grants are part of the company’s Long Term Incentive Plan and Employee Share Option Plan, respectively, and reflect SolGold’s strategic focus on incentivizing its leadership team to drive the company’s growth and development in the copper and gold sector.
Spark’s Take on GB:SOLG Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLG is a Neutral.
SolGold faces significant financial challenges with ongoing losses and no revenue generation, heavily impacting its overall score. While technical indicators present mixed signals, recent corporate events offer a silver lining, with increased investment and strategic partnerships potentially bolstering its financial stability. However, the poor valuation metrics due to persistent losses remain a major concern.
To see Spark’s full report on GB:SOLG stock, click here.
SolGold has announced a strategy to expedite production at its Cascabel project by targeting early production from open-pit and sub-level caving opportunities. This initiative includes a targeted drilling program at the Tandayama deposit, which aims to de-risk the project and enhance its financeability, especially in the current metal price environment. The drilling program, set to begin in May 2025, will involve 5,400 meters of drilling across 11 priority holes, with the goal of establishing resources and testing for open-pittable resources. This move is expected to improve the Cascabel development plan and potentially increase the project’s value, with significant implications for stakeholders.
Spark’s Take on GB:SOLG Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLG is a Neutral.
SolGold faces significant financial challenges with ongoing losses and no revenue generation, heavily impacting its overall score. While technical indicators present mixed signals, recent corporate events offer a silver lining, with increased investment and strategic partnerships potentially bolstering its financial stability. However, the poor valuation metrics due to persistent losses remain a major concern.
To see Spark’s full report on GB:SOLG stock, click here.
SolGold PLC has announced a significant change in its shareholder structure as Jiangxi Copper Company Limited, based in China, has increased its voting rights in SolGold to 12.19% from a previous 6.02%. This acquisition of voting rights by a major player in the copper industry may enhance SolGold’s strategic positioning and influence within the mining sector, potentially impacting its operations and stakeholder interests.
SolGold PLC has announced a change in its voting rights structure, with SolGold Canada Inc. crossing a significant threshold in voting rights. This adjustment indicates a shift in the company’s shareholder dynamics, which could impact its strategic decisions and influence within the industry. The notification highlights a reduction in voting rights from 5.23% to 0%, suggesting a potential divestment or restructuring of holdings, which may have implications for stakeholders and future company governance.
SolGold has announced the completion of conditions for a transaction with Jiangxi Copper, involving the sale of 157,141,000 ordinary shares at a premium price, raising over $18 million. This investment strengthens SolGold’s balance sheet, enabling it to advance production plans at Cascabel and explore its portfolio further, with technical support from Jiangxi Copper contributing to cost savings and project timing.
SolGold has appointed Charles Joseland as the Senior Independent Non-Executive Director, enhancing its board composition as part of a corporate governance review. This appointment, alongside recent leadership changes, aims to support SolGold’s growth strategy. The company continues to advance its projects, including a significant gold stream agreement and feasibility study, positioning itself strongly in the resources sector.
SolGold has announced a significant investment from Jiangxi Copper, with its subsidiary agreeing to sell 157,141,000 ordinary shares at a premium price, raising approximately $18 million. This investment, which increases Jiangxi’s stake in SolGold to 12.19%, is expected to strengthen SolGold’s balance sheet and support its efforts in advancing the Cascabel Project in Ecuador. The deal highlights the intrinsic value of SolGold and its strategic positioning in the mining industry, potentially benefiting shareholders and enhancing the company’s exploration portfolio.
SolGold has announced significant leadership changes with the appointment of Dan Vujcic as CEO and Paul Smith as Non-Executive Chairman, alongside a strategic reset to accelerate the development of its flagship Cascabel project. The company is forming a Technical Committee to oversee the Cascabel development and establishing ExploreCo to manage its extensive exploration portfolio, aiming to unlock significant shareholder value. These initiatives are expected to enhance SolGold’s industry positioning and operational efficiency, with a focus on advancing the Cascabel project and exploring a potential listing on the Australian Stock Exchange.
SolGold plc, a company listed on the London Stock Exchange and the Toronto Stock Exchange, has announced the resolution of legal proceedings with their former CEO, Darryl Cuzzubbo. The settlement, details of which are confidential, concludes the litigation without any admission of serious misconduct by Mr. Cuzzubbo. This resolution may help SolGold refocus on their operations and strategic objectives without the distraction of the legal dispute.
SolGold has released its second-quarter financial report and management discussion and analysis for the period ending December 31, 2024, which is available on its website. This report may impact the company’s operational transparency and offer insights into its financial health and strategic direction, affecting stakeholders’ perceptions and confidence.