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Newcore Gold Ltd (CVE:NCAU)

Newcore Gold Ltd (CVE:NCAU) Company Profile

Symbol(s): CVE:NCAU
Industry: Gold Mining
Website: www.pinecrestresources.com
eMail: info@pinecrestresources.com

Newcore Gold Ltd (CVE:NCAU) is a Canadian Gold mining company. It’s a junior late stage development company mainly focused on exploration and development of mineral properties in West Africa, Ghana. The company has ownership of the Enchi property which is located in West Africa, Ghana.

Newcore Gold Ltd (CVE:NCAU) has about 1.5 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$22.596 per gold equivalent ounce.

Newcore Gold Ltd has US$0.89 million cash and no debt. The company has 63.57 million shares outstanding and as of September 01, 2020, had a market capitalization of US$34.78 million. The stocks of Newcore Gold Ltd trade on the Toronto TSX Ventures Stock Exchange.

Newcore Gold Ltd (CVE:NCAU) Share Price Chart

Newcore Gold Ltd (CVE:NCAU) Technical Data
Last Updated: September 2, 2020

Share Price:
CA$0.72 (9/1/2020 16:00:00)
Volume:
226538 (9/1/2020 16:00:00)
52 Week High:
CA$0.92
52 Week Low:
CA$0.61
Change from 52 Week Low:
18.032%
Change from 52 Week High:
-21.739%
Beta
1.68
Average Volume:
#N/A

Newcore Gold Ltd (CVE:NCAU) Financial Data

Share Price:
CA$0.72 (9/1/2020 16:00:00)
Shares Outstanding:
63.57 million
Market Capitalization:
US$34.78 million *
Cash:
US$0.89 million
Total Debt:
US$0 million
Enterprise Value:
US$33.894 million
Earnings Per Share:
-0.01
Price to Earning (P/E) Ratio:
#N/A

Newcore Gold Ltd (CVE:NCAU) Gold Resources

Total Reserves & Resources:
1.5 million ounce
Plausible Reserves & Resources:
0.68 million ounce
Future Cash Cost Per Ounce:
US$800
Future All-in Sustaining Cost Per Ounce:
US$1200
Future Annual Production:
75000 ounce

Newcore Gold Ltd (CVE:NCAU) Valuation by Resources

Gold Equivalent Resources:
1.5 million ounce
Silver Equivalent Resources:
103.5 million ounce ***
Enterprise Value Per Gold Ounce:
US$22.596
Enterprise Value Per Silver Ounce:
US$0.327
Gold Equivalent Resources per FD share:
0.024 ounce
Silver Equivalent Resources per FD share:
1.629 ounce

* CAD 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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