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Goliath Resources
(OTC:GOT)
Goliath Resources (GOT) vs. iShares MSCI Canada ETF (EWC)
Goliath Resources Business Overview & Revenue Model
Goliath Resources 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 |
| -55.90K | -108.04K | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -13.59M | -29.93M | -21.61M | -13.57M | -6.07M | -2.61M | EBITDA |
| -34.63M | -24.98M | -20.97M | -13.52M | -5.81M | -2.61M | Net Income Common Stockholders |
| -28.94M | -25.09M | -20.97M | -13.47M | -5.84M | -2.48M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 7.47M | 3.14M | 9.09M | 13.55M | 5.24M | 109.88K | Total Assets |
| 9.74M | 4.65M | 9.98M | 14.86M | 5.93M | 612.02K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -7.42M | -3.06M | -8.94M | -13.43M | -5.03M | -26.13K | Total Liabilities |
| 2.15M | 1.25M | 3.86M | 642.57K | 459.77K | 300.92K | Stockholders Equity |
| 7.60M | 3.40M | 6.12M | 14.22M | 5.47M | 311.10K |
| Cash Flow | Free Cash Flow | ||||
| -24.21M | -18.74M | -17.15M | -7.98M | -2.77M | -1.71M | Operating Cash Flow |
| -24.20M | -18.71M | -16.95M | -7.98M | -2.77M | -1.71M | Investing Cash Flow |
| -15.00K | -22.68K | -200.90K | 0.00 | 0.00 | 0.00 | Financing Cash Flow |
| 26.23M | 12.86M | 12.67M | 16.38M | 7.77M | 840.57K |
Goliath Resources Technical Analysis
Goliath Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$3.02B | 16.07 | 34.73% | ― | 80.44% | 3757.72% | |
77 Outperform | C$3.88B | 15.38 | 39.28% | ― | 105.06% | 481.75% | |
69 Neutral | $6.83B | 155.22 | 2.50% | 0.67% | 12.78% | ― | |
51 Neutral | $2.03B | -1.27 | -21.09% | 3.98% | 2.91% | -30.50% | |
43 Neutral | C$640.05M | ― | -1.08% | ― | ― | 66.34% | |
38 Underperform | $352.67M | ― | -325.93% | ― | ― | -18.76% |
Goliath Resources Corporate Events
Goliath Resources has announced that the Surebet project in the Golden Triangle, B.C., is part of a large-scale Tier-1 Reduced Intrusion Related Gold System, as confirmed by a geological study conducted by the Colorado School of Mines. The study reveals high-grade gold mineralization in two settings and suggests significant untapped discovery potential, with implications for the company’s operations and industry positioning.
Spark’s Take on TSE:GOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:GOT is a Neutral.
Goliath Resources shows potential due to strategic investments and promising exploration results, but faces significant financial challenges with no revenue and negative cash flows. Technical indicators point to bearish momentum, and valuation remains speculative.
To see Spark’s full report on TSE:GOT stock, click here.
Goliath Resources Limited has announced that strategic investors Crescat Capital and Rob McEwen have participated in a warrant exercise, contributing $3,157,193 to the company. This financial move, along with the potential exercise of additional warrants, strengthens Goliath’s financial position and supports its operations in the mineral-rich Golden Triangle. The company’s Golddigger Property benefits from excellent infrastructure and proximity to significant mining deposits, enhancing its strategic positioning in the industry.
Goliath Resources has confirmed that its large gold-rich layered system in the Golden Triangle, B.C., is directly associated with a Motherlode Intrusive Source (RIRG) and multiple gold-rich feeder dykes. The company’s updated modeling highlights the potential for expansion, with 17 feeder dykes identified, 13 of which remain to be tested. High-grade gold mineralization has been reported, with assays showing up to 12 g/t AuEq over 10 meters. The upcoming 2025 program aims to further explore these promising results, potentially enhancing Goliath Resources’ positioning in the gold mining industry.
Goliath Resources Limited has completed a strategic investment deal with McEwen Mining Inc., raising $10 million through a private placement of units. This investment, which includes a significant shareholding by McEwen and a standstill agreement, underscores confidence in Goliath’s Surebet gold discovery and positions the company for further exploration success in the upcoming drilling season.
Goliath Resources has announced significant drilling results from its Surebet Zone in the Golden Triangle, British Columbia. The company has discovered four new gold veins, bringing the total to 12, with high-grade gold mineralization confirmed over substantial widths. This discovery highlights the potential for further exploration and development in the area, enhancing Goliath’s position in the gold mining sector and offering promising implications for stakeholders.
Goliath Resources announced its participation in the Metals Investors Forum (MIF) and the PDAC 2025 convention in Toronto, where it will present its recent discoveries. These events are significant for Goliath as they provide a platform to showcase their projects to a wide audience, potentially enhancing their industry positioning and attracting investment. The MIF features vetted companies with strong management and promising properties, while PDAC is a major convention for the mineral exploration industry, drawing thousands of attendees and offering extensive networking and business opportunities.
Goliath Resources has announced significant drilling results at its Surebet High-Grade Gold Discovery in the Golden Triangle, British Columbia. The company reported high-grade gold mineralization with assays showing up to 10.91 g/t AuEq over 10 meters and 15.51 g/t AuEq over 7 meters, along with the discovery of two new stacked gold veins. These findings, confirmed over a 1.8 km² area, indicate a potential for substantial expansion as the mineralized veins remain open laterally and at depth, highlighting the Surebet project’s world-class potential.
Goliath Resources, a company engaged in mineral exploration in the Golden Triangle area of British Columbia, has announced significant findings from its drilling operations at the Surebet site. The company discovered strong gold mineralization, including five new stacked gold veins that remain open, suggesting an extensive gold-rich source at depth. These findings affirm the continuity and expansion potential of the gold system, which is considered world-class due to its size and grade. The ongoing assays and modeling efforts for additional drill holes indicate potential growth and enhanced value for the company and its stakeholders.