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Horizon Gold Ltd (ASX:HRN)

Horizon Gold Ltd (ASX:HRN) Company Profile

Symbol(s): ASX:HRN
Industry: Gold Mining
Website: horizongold.com.au
eMail: info@horizongold.com.au

Horizon Gold Ltd (ASX:HRN) is an Australian Gold mining company. It’s a junior late stage developer mainly focused on exploration and development of mineral properties in Australia. The company has multiple properties including Gum Creek (Australia).

Horizon Gold Ltd (ASX:HRN) has about 1.3 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$21.961 per gold equivalent ounce.

Horizon Gold Ltd has US$3.52 million cash and no debt. The company has 78.14 million shares outstanding and as of September 01, 2020, had a market capitalization of US$32.07 million. The stocks of Horizon Gold Ltd trade on the Australian Securities Exchange.

Horizon Gold Ltd (ASX:HRN) Share Price Chart

Horizon Gold Ltd (ASX:HRN) Technical Data
Last Updated: September 2, 2020

Share Price:
AUD0.54 (9/1/2020 13:08:28)
Volume:
7903 (9/1/2020 13:08:28)
52 Week High:
AUD0.56
52 Week Low:
AUD0.15
Change from 52 Week Low:
259.983%
Change from 52 Week High:
-3.571%
Beta
#N/A
Average Volume:
20444

Horizon Gold Ltd (ASX:HRN) Financial Data

Share Price:
AUD0.54 (9/1/2020 13:08:28)
Shares Outstanding:
78.14 million
Market Capitalization:
US$32.07 million *
Cash:
US$3.52 million
Total Debt:
US$0 million
Enterprise Value:
US$28.549 million
Earnings Per Share:
-0.04
Price to Earning (P/E) Ratio:
#N/A

Horizon Gold Ltd (ASX:HRN) Gold Resources

Total Reserves & Resources:
1.3 million ounce
Plausible Reserves & Resources:
0.86 million ounce
Future Cash Cost Per Ounce:
US$800
Future All-in Sustaining Cost Per Ounce:
US$1200
Future Annual Production:
80000 ounce

Horizon Gold Ltd (ASX:HRN) Valuation by Resources

Gold Equivalent Resources:
1.3 million ounce
Silver Equivalent Resources:
89.7 million ounce ***
Enterprise Value Per Gold Ounce:
US$21.961
Enterprise Value Per Silver Ounce:
US$0.318
Gold Equivalent Resources per FD share:
0.017 ounce
Silver Equivalent Resources per FD share:
1.148 ounce

* AUD to USD exchange rate of 0.76 was used in calculations
*** Gold to silver ratio of 69.03 was used in the calculation of silver equivalent resources

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