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Spanish Mountain Gold
(OTC:SPA)
Spanish Mountain Gold (SPA) vs. iShares MSCI Canada ETF (EWC)
Spanish Mountain Gold Business Overview & Revenue Model
Spanish Mountain Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -74.63K | -75.20K | -76.35K | -72.16K | -83.72K | -84.62K |
| EBITDA | -1.99M | -2.44M | -2.25M | -963.06K | -1.06M | -857.32K |
| Net Income | -2.09M | -2.47M | -2.14M | -876.46K | -965.43K | -746.87K |
Balance Sheet | ||||||
| Total Assets | 105.75M | 106.59M | 97.25M | 94.15M | 93.52M | 93.79M |
| Cash, Cash Equivalents and Short-Term Investments | 622.20K | 6.87M | 3.31M | 3.07M | 6.94M | 11.55M |
| Total Debt | 199.00K | 230.96K | 290.85K | 377.01K | 79.79K | 171.97K |
| Total Liabilities | 1.28M | 1.60M | 695.60K | 1.73M | 1.83M | 2.44M |
| Stockholders Equity | 104.47M | 104.99M | 96.56M | 92.42M | 91.70M | 91.35M |
Cash Flow | ||||||
| Free Cash Flow | -12.34M | -7.31M | -5.82M | -4.95M | -6.60M | -4.67M |
| Operating Cash Flow | -2.41M | -1.76M | -2.28M | -464.79K | -465.76K | -886.81K |
| Investing Cash Flow | -8.59M | -5.55M | -3.29M | -4.49M | 4.50M | -12.75M |
| Financing Cash Flow | 7.37M | 10.79M | 6.06M | 1.08M | 723.81K | 15.17M |
Spanish Mountain Gold Technical Analysis
Spanish Mountain Gold Peers Comparison
Spanish Mountain Gold Corporate Events
Spanish Mountain Gold Ltd. announced its stock is now trading on the OTCQB Venture Market under the symbol ‘SPAZF’. This listing aims to enhance the company’s visibility and accessibility for U.S. investors as it advances its Spanish Mountain Gold Project, with plans for a 2025 drill program and updated resource assessments.
Spanish Mountain Gold Ltd. announced its engagement with Red Cloud Financial Services to enhance its media and marketing efforts, subject to TSX Venture Exchange acceptance. This partnership is expected to bolster the company’s corporate profile and visibility, potentially impacting its operations positively by increasing capital market access and stakeholder engagement.
Spanish Mountain Gold Ltd. has announced plans to advance its Spanish Mountain Gold project towards a build decision by 2027, with a new Mineral Resource Estimate and Preliminary Economic Analysis expected in the first half of 2025. The company has completed a 5,590-meter exploration drill program and plans follow-up drilling in early 2025, supported by a recent private placement financing. The re-evaluation of historical geological data has identified new exploration targets that may expand mineral resources and reduce risks, enhancing the project’s potential and positioning the company for future growth.
Spanish Mountain Gold Ltd. has announced the advancement to Stage 2 of the System Impact Study with BC Hydro for a new power line to its gold project in British Columbia. This development is crucial for securing 60 MW of renewable hydroelectric power, which will support the project’s electrification and sustainability improvements. The initiative is part of a broader strategy to enhance the project’s economics and reduce its carbon footprint, aligning with the company’s goal to build a ‘green’ gold mine.
Spanish Mountain Gold Ltd. has announced promising results from its 2024 diamond drill program at the Cariboo Gold Corridor in British Columbia, showing significant gold mineralization. The standout result was from drill hole 24-DH-1268, which revealed a continuous high-grade intercept with potential to expand the open pit scale and deposit depth.
Spanish Mountain Gold Ltd. has reported promising results from its 2024 drill program at the Spanish Mountain Gold project in British Columbia. The drilling has revealed significant mineralization, suggesting potential resource expansion and opportunities for near-surface production. The company aims to update its mineral resource estimate and PEA in early 2025.
Spanish Mountain Gold Ltd. successfully closed its brokered and non-brokered private placements, raising a total of C$8.3 million. The company issued various units, including common shares and flow-through shares, offering investors potential future gains through warrants. Red Cloud Securities Inc. served as the sole agent, earning commissions and advisory fees, while an additional finder’s fee was paid for the offerings.
Spanish Mountain Gold Ltd. is updating investors on its brokered private placement aimed at raising up to C$6.5 million through charity flow-through units. These units will include shares and purchase warrants, with the offering expected to close around November 15, 2024, pending approvals. This initiative is part of the company’s strategy to advance its gold project in British Columbia.