CSIMarket
 
Augusta Gold Corp   (BFGC)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 86
 Employees 1
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Augusta Gold Corp
We are an exploration stage company engaged in the acquisition and exploration of properties that may contain gold and other mineralization primarily in the United States.

Bullfrog Project
The “Bullfrog Project” lies approximately 4 miles west of the town of Beatty and 120 miles northwest of Las Vegas, Nevada. Standard Gold initially acquired in 2011 a 100% right, title and interest in 79 lode claims and 2 patented claims that contain approximately 1,600 acres subject to a 3% net smelter royalty.

On October 29, 2014, Rocky Mountain Minerals Corp. (“RMM”) a wholly owned subsidiary of the Company, entered into an Option Agreement (the “Option”) with Mojave. Mojave holds and possesses the purchase rights to 100% of 12 patented mining claims located in Nye County, Nevada. This property is contiguous to the Company’s Bullfrog Project and covers approximately 156 acres, including the northeast half of the Montgomery-Shoshone (M-S) pit mined by Barrick Gold in the 1990’s.

Mojave granted to RMM the sole and immediate working right and option with respect to the property until the 10th anniversary of the closing date, to earn a 100% interest in and to the property free and clear of all charges encumbrances and claims, save and except a sliding scale NSR Royalty.

In order to maintain in force the working right and Option granted to it, and to exercise the Option, RMM granted Mojave 750,000 shares of common stock and paid $16,000. RMM must pay to Mojave a total of $190,000 over the next 10 years. For reference, Barrick Bullfrog Inc. (“Barrick”) terminated a lease on these patents after they ceased operations in late 1999.

On March 23, 2015, RMM entered into a Mineral Lease and Option to Purchase Agreement with Barrick involving 6 patented mining claims, 20 unpatented mining claims, and 8 mill site claims located four miles west of Beatty, Nevada and covers approximately 444 acres. These properties are strategically located adjacent to the Company’s Bullfrog Gold Project and include two patents that cover the southwest half of the M-S open pit from which Barrick produced approximately 220,000 ounces of gold by the late 1990’s. Underground mining in the early 1900’s produced approximately 70,000 ounces of gold from the M-S deposit. Also included in the agreement is the northern one third of the main Bullfrog deposit where Barrick mined approximately 2.1 million additional ounces by open pit and underground methods. In addition to prospective adjacent lands, these acquisitions provide the potential to expand the M-S deposit along strike and at depth and in the northern part of the main Bullfrog deposit.

The Company also has access to Barrick’s substantial data base within a 1.5 mile radius of the leased lands to further advance its exploration and development programs. To maintain the lease and option, the Company must spend $1.5 million dollars within five years on the Barrick properties and then pay Barrick 3.25 million shares of the Company’s common stock while providing a 2% gross royalty on production from the Barrick properties. Overriding royalties of 5% net smelter returns and 5% gross proceeds are respectively limited to three claims and two patents in the main Bullfrog pit area. Barrick has retained a back-in right to reacquire a 51% interest in the Barrick properties, subject to definition of a mineral resource on the Barrick properties meeting certain criteria, and reimbursing the Company in an amount equal to two and one half times Company expenditures on the Barrick properties.


Significant drilling is required to test projections of mineralized trends and structures that extend for considerable distances to the north and east of the M-S pit on the original lands acquired by the Company in 2011. Located east of the M-S pit is an area 700 meters by 1,300 meters in which there is only one shallow hole from which there is no data available. Only a small portion of this area may be prospective, but the area certainly warrants additional study and exploration drilling.

There is only one drill hole located about 150 meters northeast of the M-S pit limit and another hole 1,000 meters northeast of the pit along strike of a major geologic structure. In this regard, the Company’s lands extend nearly 5,000 meters north-northeast of the pit and there has been very little drilling in this area, even though several structures have been mapped by Barrick and others.



   Company Address: Suite 555 - 999 Canada Place BC 0
   Company Phone Number: 687-1717   Stock Exchange / Ticker: BFGC
   BFGC is expected to report next financial results on March 14, 2024.


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE   -4.78%    
FCX   -2.95%    
MUX   -0.97%    
NEM   -0.1%    
RGLD   -3.87%    
SCCO   -1.43%    
• View Complete Report
   



Augusta Gold Corp

Augusta Gold Corp's Surprising Third Quarter Performance Exceeds Expectations and Signifies Positive Growth in Metal Mining Market

The shareholders of Augusta Gold Corp had not expected any significant changes in the company's financial performance during the reporting season from July to September 2023. However, they were taken by surprise when they observed a substantial operating shortfall of $-1.354382 million during the same period. This recent development in the company's operational performance has clearly exceeded the figures from the previous fiscal year, which ended on September 30, 2022.
One of the key takeaways from this scenario is that Augusta Gold Corp is operating particularly well during this phase of expansion. Despite the efforts to establish new revenue sources, the management could not generate a net income of $0.862 million in the third quarter of the 2023 earnings season. Nevertheless, this figure still surpassed the numbers from the third quarter of 2022, indicating an overall positive trend.
Looking ahead, Augusta Gold Corp is expected to report its next financial results on November 13, 2023. This forthcoming report will provide further insight into the impact of these recent results on the company and its future prospects. Shareholders and investors will be eagerly anticipating these results to assess the overall trajectory of the company and make informed decisions.

Augusta Gold Corp

Augusta Gold Corp's Remarkable Turnaround: Unveiling an Astounding Second Quarter 2023 Financial Report, Erasing an Operating Deficit of $-1.87952 Million

In recent financial news, several companies in the Metal Mining industry have reported their earnings for the April to June 30, 2023 period. One notable company, BFGC, has issued an operating deficit of $-1.87952 million for this interval. However, it is interesting to note that BFGC has shown improved economic competitiveness compared to the same period last year when it reported an operating deficit of $-2.751397 million.
Despite Augusta Gold Corp not booking any services thus far, this reporting season has been largely positive for the company. The net earnings for Augusta Gold Corp have significantly increased from $-7.550 million in the previous year to $2.877 million in the April to June 30, 2023 fiscal interval. This improvement in net earnings suggests a favorable reporting period for Augusta Gold Corp.

Augusta Gold Corp

BFGC Discloses Operating Deficit in Q1 2023 Amidst Metal Mining Industry Earnings Reports

As the Metal Mining industry continues to report their earnings for the January to March 31, 2023 reporting cycle, businesses have been disclosing their financial results. Among them is BFGC, a constituent of the industry, which reported an operating deficit of -$2.078763 million for the fiscal span ending on Mar 31, 2023. While shareholders expect further business model evolution for the company, they remain less concerned about the current organizational and operational excellence of the Metal Mining enterprise. Despite these challenges, BFGC has been performing well, with a net income of $5.446 million in the most recent quarter, a significant improvement from the -$1.421 million reported in the first quarter of 2022.
In the midst of this dynamic market, Augusta Gold Corp is expected to release their next financial earnings report on August 07, 2023. Augusta Gold Corp is a mining company that extracts and processes gold from its assets in Canada. The company has been performing well in recent months despite the challenges posed by the COVID-19 pandemic. Augusta Gold Corp had a successful initial public offering (IPO) in 2020, which provided funding to advance its flagship asset, the Toronto-listed Bullfrog Gold Project in Nevada, USA.






 




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com