PRECIPITATE GOLD FREE

We aim to bring you long-term focused research analysis driven by fundamental data. Simply Wall St has no position in the stocks mentioned. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. If you spot an error that warrants correction, please contact the editor at This article by Simply Wall St is general in nature.

PRECIPITATE GOLD FREE

So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts) Of course, you might find a fantastic investment by looking elsewhere. is a mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the. On another note, Precipitate Gold has 4 warning signs (and 1 which is potentially serious) we think you should know about. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. Is Precipitate Gold's Cash Burn A Worry?Įven though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Precipitate Gold's cash burn relative to its market cap was relatively promising. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted. Since it has a market capitalisation of CA$9.3m, Precipitate Gold's CA$1.1m in cash burn equates to about 12% of its market value. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash to fund growth. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Given its cash burn trajectory, Precipitate Gold shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Stock analysis for Precipitate Gold Corp (PRG:Venture) including stock price, stock chart, company news, key statistics, fundamentals and company profile. He noted that the mine had exceeded guidance and the companyĬontinued to negotiate a 20-year lease extension with the government.īristow, who took the helm in January 2019, said the work done over the past months had equipped Barrick to become the most valued gold company by 2030.Story continues How Hard Would It Be For Precipitate Gold To Raise More Cash For Growth? Porgera in Papua New Guinea has tier one potential but faces many challenges in the form of “legacy issues and an unruly neighborhood,” Barrick’s president and chief executive officer, Mark Bristow, said last month. Gold by a substantial margin, delivering a new record of 814,027 ounces. Gold mine, which last year beat its production guidance of 750,000 ounces of It has also boosted production at Kibali, Congo’s biggest In the past year, Barrick has been focusing on its tier-one assets and has reported strong performance across the group, particularly at Cortez mine in Nevada and Veladero in Argentina. Pueblo Viejo, a joint venture between Barrick (60%) and Newmont (40%), began commercial production in 2013. The asset surrounds the Pueblo Viejo mine site on the west, north and east side, covering roughly 9,863 contiguous hectares, about 50 km north of the capital city of Santo Domingo. The deal comes only a year after Precipitate grabbed all of Everton’s Dominican Republic exploration concessions, which included its now flagship Pueblo Grande project. “Our exploration focus will immediately turn to near term drill targets emerging within the company’s nearby Ponton gold project and the ongoing advancement of existing targets at the Juan de Herrera project, immediately adjacent to GoldQuest’s Romero project,” Wilson said. Republic projects,” president and chief executive, Jeffrey Wilson, said in theīarrick has also agreed to subscribe for $1 million (C$ 1.39m) of Precipitate’s common shares in a private placement Precipitate to continue the advancement of its other 100%-owned Dominican “The injection of additional capital into the company allows As part of the deal, Barrick has also agreed to subscribe for $1 million (C$1.39 million) of Precipitate’s common shares in a private placement, the Vancouver-based junior miner said in a separate statement.

Precipitate gold