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GoldHaven Resources
(OTC:GOH)
GoldHaven Resources (GOH) vs. S&P 500 (SPY)
GoldHaven Resources Business Overview & Revenue Model
GoldHaven Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -7.68K | -30.73K | -7.68K | 0.00 | 0.00 | EBIT |
| -969.68K | -9.25M | -1.05M | -4.39M | -473.99K | -75.42K | EBITDA |
| -1.09M | -9.48M | -4.32M | -4.23M | -473.99K | -75.42K | Net Income Common Stockholders |
| -2.81M | -9.49M | -7.65M | -4.69M | -473.99K | -75.42K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 159.81K | 8.26K | 1.52M | 1.28M | 394.49K | 162.65K | Total Assets |
| 3.52M | 1.73M | 10.36M | 10.99M | 1.25M | 262.66K | Total Debt |
| 0.00 | 0.00 | 71.69K | 96.89K | 0.00 | 0.00 | Net Debt |
| -159.81K | -8.26K | -1.45M | -1.18M | -394.49K | -162.65K | Total Liabilities |
| 453.08K | 310.75K | 260.27K | 262.22K | 42.95K | 32.08K | Stockholders Equity |
| 3.07M | 1.42M | 10.10M | 10.73M | 1.21M | 230.59K |
| Cash Flow | Free Cash Flow | ||||
| -911.36K | -1.60M | -2.71M | -5.70M | -607.58K | -113.35K | Operating Cash Flow |
| -482.33K | -413.82K | -1.76M | -3.52M | -274.29K | -24.20K | Investing Cash Flow |
| -178.64K | -1.20M | -952.66K | -2.18M | -333.30K | -89.15K | Financing Cash Flow |
| 1.04M | 104.76K | 2.95M | 6.59M | 839.42K | 276.00K |
GoldHaven Resources Technical Analysis
GoldHaven Resources Peers Comparison
GoldHaven Resources Corporate Events
GoldHaven Resources Corp. has completed a corporate reorganization aimed at simplifying its structure, enabling flow-through financings, and reducing administrative costs. The reorganization involved amalgamations with its subsidiaries and did not affect the company’s share capital or listing on the Canadian Securities Exchange.
Spark’s Take on TSE:GOH Stock
According to Spark, TipRanks’ AI Analyst, TSE:GOH is a Underperform.
GoldHaven Resources is currently facing significant financial distress with negative income and cash flow. Technical indicators suggest a bearish trend. While recent corporate events, such as exploration initiatives and successful financing, offer a glimmer of hope, overall financial health and valuation remain weak.
To see Spark’s full report on TSE:GOH stock, click here.
GoldHaven Resources Corp. has initiated exploration activities at its Copeçal Gold Project in Mato Grosso, Brazil, by appointing Gustavo Rosa de Almeida as the local project geologist. The company plans to conduct a comprehensive exploration program, including 2,000 meters of Auger drilling on both the East and West targets, to better define gold anomalies and prepare for deeper diamond drilling. This initiative is expected to enhance GoldHaven’s position in the gold exploration sector and potentially increase stakeholder value by identifying significant gold deposits.
GoldHaven Resources Corp. has announced the filing of its unaudited interim consolidated financial statements and management discussion and analysis for the period ending January 31, 2025. This filing is a routine part of the company’s financial transparency and may impact stakeholders by providing insights into the company’s financial health and operational progress, potentially influencing investor confidence and market positioning.
GoldHaven Resources Corp., a company involved in the mining sector, announced the resignation of its President and CEO, Mr. Bonn Smith. Chris Cooper, a director of the company with over 20 years of experience in corporate development and management, has been appointed as the Interim CEO. This leadership change is expected to leverage Mr. Cooper’s extensive experience in guiding companies through growth strategies and financial management, potentially impacting GoldHaven’s strategic direction and operational efficiency.
GoldHaven Resources has announced the significant gold potential of its Copeçal Gold Project in Brazil’s Juruena Gold Province. With a strategic location in a historically productive region and previous exploration by AngloGold Ashanti revealing multiple zones of gold mineralization, the project is poised for a promising diamond drill campaign. This development not only presents an opportunity for GoldHaven but also holds implications for the broader gold market, enhancing the region’s reputation as a key player in global gold production.
GoldHaven Resources Corp. has successfully closed a non-brokered private placement, raising approximately $1.54 million through the issuance of over six million units. Each unit consists of one common share and a warrant, with notable insider participation from the CEO and CFO. The company plans to utilize the net proceeds for exploration, administrative expenses, and general working capital, potentially enhancing its exploration capabilities and market presence.
GoldHaven Resources has announced significant progress on its Copeçal Gold Project in northern Mato Grosso, Brazil, which is considered a promising gold exploration property. The project builds upon historic exploration work conducted by AngloGold Ashanti, highlighting strong potential for gold mineralization. Key activities have identified two major gold anomalies, confirmed gold-bearing structures at depth, and reinforced the geological understanding of the site, positioning GoldHaven to capitalize on this promising opportunity.
GoldHaven Resources Corp. has engaged Independent Trading Group (ITG) to provide market-making services to enhance the liquidity of its common shares, subject to regulatory approval. This strategic move aims to maintain a reasonable market for its shares across various trading venues, potentially boosting the company’s visibility and investor engagement. The agreement with ITG is structured as a monthly renewable contract with a compensation of CAD$6,000 per month, highlighting GoldHaven’s commitment to improving its market positioning without performance-based incentives.
GoldHaven Resources Corp. has filed a technical report in compliance with NI 43-101 standards for its Copeçal Gold Project in Brazil, signaling a strategic move to enhance its exploration efforts in the Juruena Gold Province. This filing positions GoldHaven to potentially strengthen its stake in a region known for significant gold deposits, which could have positive implications for its market presence and stakeholder interests.
GoldHaven Resources Corp. has announced a non-brokered private placement aiming to raise up to $2 million through the issuance of 8 million units priced at $0.25 each. The proceeds from this offering will be allocated towards exploration expenditures and general working capital, potentially enhancing GoldHaven’s resource development capabilities and market positioning.