About PAU

Founded: 2012
Employees: n/a
CEO: Robert Clark
WebsiteView website: www.provenancegold.com

Provenance Gold Corp., an exploration company, engages in the acquisition, exploration and development of mineral properties in the United States. The company explores for gold and silver. Its flagship project is the Eldorado Project, covering an area of 7,915 acres, located in northwest of Vale in Malheur County, Oregon. The company was formerly known as Sparx Energy Corp and changed its name to Provenance Gold Corp. in January 2017. Provenance Gold Corp. was incorporated in 2012 and is based in Vancouver, Canada.

Recent PAU News & Updates

New Risk • Feb 05

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$47.8m market cap, or US$35.0m).

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Companies Like Provenance Gold (CSE:PAU) Could Be Quite Risky

New major risk - Financial position

New major risk - Shareholder dilution

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