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Nordic Gold (CVE:NOR)

Nordic Gold (CVE:NOR) Business Description

Symbol(s): CVE:NOR
Industry: Gold Mining
Website: nordic.gold
eMail: info@nordic.gold

Nordic Gold (CVE:NOR) is a Canadian Gold mining company. It’s a junior near-term producer mainly focused on exploration and development of mineral properties in Finland, Finland. The company has 100% ownership of the Laiva property which is located in Finland, Finland.

Nordic Gold (CVE:NOR) has about 0.6 million ounces of gold reserves & resources.

Nordic Gold has US$1.05 million cash and US$2.99 million debt. The company has 195.681 million shares outstanding and currently has a fully diluted market capitalization of 5.87 million US$. The stocks of Nordic Gold trade on the Toronto TSX Ventures Stock Exchange.

Nordic Gold (CVE:NOR) Share Price Chart


Nordic Gold (CVE:NOR) Technical Data
Last Updated: April 15, 2019

Share Price:
CA$0.04 (4/12/2019 16:00:00)
Volume:
38200 (4/12/2019 16:00:00)
52 Week High:
CA$0.17
52 Week Low:
CA$0.03
Change from 52 Week Low:
33.322%
Change from 52 Week High:
-76.471%
Beta
-0.09
Average Volume:
80160

Nordic Gold (CVE:NOR) Financial Analysis

Share Price:
CA$0.04 (4/12/2019 16:00:00)
Shares Outstanding:
195.68 million
Market Capitalization:
US$5.87 million *
Cash:
US$1.05 million
Total Debt:
US$2.99 million
Enterprise Value:
US$7.81 million
Earnings Per Share:
0.02
Price to Earning (P/E) Ratio:
2.07

Nordic Gold (CVE:NOR) Gold Resources

Total Reserves & Resources:
0.6 million ounce
Plausible Reserves & Resources:
0.29 million ounce
Future Cash Cost Per Ounce:
US$650
Future All-in Sustaining Cost Per Ounce:
US$1050
Future Annual Production:
50000 ounce

Nordic Gold (CVE:NOR) Valuation by Resource

Gold Equivalent Resources:
0.6 million ounce
Silver Equivalent Resources:
51.2 million ounce ***
Enterprise Value Per Gold Ounce:
US$13.017
Enterprise Value Per Silver Ounce:
US$0.153
Gold Equivalent Resources per FD share:
0.003 ounce
Silver Equivalent Resources per FD share:
0.262 ounce

*** Gold to silver ratio of 85.35 was used in the calculation of silver equivalent resources

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