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Goldgroup Mining

TSX:GGA
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GGA
TSX
CA$7M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Goldgroup Mining Inc., together with its subsidiaries, focuses in the acquisition, exploration, and development of gold-bearing mineral properties in Mexico and the Americas. The last earnings update was 126 days ago. More info.


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  • Goldgroup Mining has significant price volatility in the past 3 months.
GGA Share Price and Events
7 Day Returns
0%
TSX:GGA
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-38.5%
TSX:GGA
-7.9%
CA Metals and Mining
-0.1%
CA Market
GGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goldgroup Mining (GGA) 0% -27.3% -11.1% -38.5% -50% -86%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • GGA underperformed the Metals and Mining industry which returned -7.9% over the past year.
  • GGA underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
GGA
Industry
5yr Volatility vs Market

Value

 Is Goldgroup Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Goldgroup Mining. This is due to cash flow or dividend data being unavailable. The share price is CA$0.04.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Goldgroup Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goldgroup Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:GGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.00
TSX:GGA Share Price ** TSX (2019-03-18) in CAD CA$0.04
TSX:GGA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $0.03
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Goldgroup Mining.

TSX:GGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GGA Share Price ÷ EPS (both in USD)

= 0.03 ÷ 0.00

-7.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Goldgroup Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Goldgroup Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Goldgroup Mining's expected growth come at a high price?
Raw Data
TSX:GGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Goldgroup Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Goldgroup Mining's assets?
Raw Data
TSX:GGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.04
TSX:GGA Share Price * TSX (2019-03-18) in CAD CA$0.04
TSX:GGA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $0.03
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSX:GGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GGA Share Price ÷ Book Value per Share (both in USD)

= 0.03 ÷ 0.04

0.82x

* Primary Listing of Goldgroup Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Goldgroup Mining is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Goldgroup Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Goldgroup Mining has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Goldgroup Mining expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Goldgroup Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Goldgroup Mining expected to grow at an attractive rate?
  • Unable to compare Goldgroup Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Goldgroup Mining's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Goldgroup Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:GGA Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:GGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:GGA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 22 2 -1
2018-06-30 22 2 0
2018-03-31 20 3 0
2017-12-31 19 3 0
2017-09-30 18 0 -5
2017-06-30 20 2 -1
2017-03-31 20 1 -1
2016-12-31 16 0 -1
2016-09-30 10 0 -9
2016-06-30 5 -2 -18
2016-03-31 -3 -24
2015-12-31 -6 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Goldgroup Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Goldgroup Mining is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:GGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Goldgroup Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GGA Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.02
2017-06-30 -0.01
2017-03-31 0.00
2016-12-31 -0.01
2016-09-30 -0.05
2016-06-30 -0.11
2016-03-31 -0.15
2015-12-31 -0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Goldgroup Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Goldgroup Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Goldgroup Mining's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Goldgroup Mining's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Goldgroup Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Goldgroup Mining has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Goldgroup Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Goldgroup Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Goldgroup Mining does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Goldgroup Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Goldgroup Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Goldgroup Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Goldgroup Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GGA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 21.85 -0.71 3.12
2018-06-30 21.86 0.46 3.29
2018-03-31 19.79 -0.29 3.12
2017-12-31 18.75 0.06 3.27
2017-09-30 18.38 -4.54 4.54
2017-06-30 19.60 -1.40 4.81
2017-03-31 20.30 -0.78 5.03
2016-12-31 15.60 -1.15 4.71
2016-09-30 10.45 -9.24 3.66
2016-06-30 4.83 -18.10 3.10
2016-03-31 -23.78 3.09
2015-12-31 -26.13 3.48
2015-09-30 0.10 -40.07 3.37
2015-06-30 0.67 -63.96 3.71
2015-03-31 2.60 -58.71 3.27
2014-12-31 5.20 -56.98 3.11
2014-09-30 8.43 -35.22 2.81
2014-06-30 13.49 -7.95 2.78
2014-03-31 20.23 -6.85 3.37
2013-12-31 25.58 -6.98 4.15
2013-09-30 28.98 -9.99 6.04
2013-06-30 30.31 -10.36 6.90
2013-03-31 31.81 -11.34 7.96
2012-12-31 33.47 -10.01 8.42
2012-09-30 33.62 -13.83 8.69
2012-06-30 34.70 -15.37 8.67
2012-03-31 34.35 -14.56 8.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Goldgroup Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Goldgroup Mining has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Goldgroup Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Goldgroup Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Goldgroup Mining has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Goldgroup Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Goldgroup Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Goldgroup Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Goldgroup Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Goldgroup Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Goldgroup Mining Company Filings, last reported 5 months ago.

TSX:GGA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 6.78 1.38 0.36
2018-06-30 8.17 1.22 1.15
2018-03-31 8.51 1.14 0.99
2017-12-31 8.69 1.07 1.38
2017-09-30 7.38 1.00 0.48
2017-06-30 7.46 0.63 0.50
2017-03-31 8.50 0.60 0.55
2016-12-31 8.20 0.57 0.90
2016-09-30 11.28 0.54 2.75
2016-06-30 9.39 3.33 0.05
2016-03-31 8.87 3.99 0.20
2015-12-31 7.34 4.35 0.22
2015-09-30 18.72 3.66 0.12
2015-06-30 24.25 3.61 0.77
2015-03-31 27.84 3.58 4.26
2014-12-31 34.80 5.95 12.86
2014-09-30 57.10 5.49 3.49
2014-06-30 85.91 4.46 0.70
2014-03-31 86.90 5.63 1.86
2013-12-31 88.56 5.59 0.96
2013-09-30 90.58 5.75 1.97
2013-06-30 91.09 0.00 4.30
2013-03-31 91.20 0.00 6.36
2012-12-31 92.47 0.00 8.49
2012-09-30 99.07 0.00 12.46
2012-06-30 101.84 0.00 14.27
2012-03-31 100.58 0.00 19.42
  • Goldgroup Mining's level of debt (20.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.3% vs 20.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Goldgroup Mining has sufficient cash runway for 2.9 years based on current free cash flow.
  • Goldgroup Mining has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -97.3% each year.
X
Financial health checks
We assess Goldgroup Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Goldgroup Mining has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Goldgroup Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Goldgroup Mining dividends.
If you bought CA$2,000 of Goldgroup Mining shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Goldgroup Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Goldgroup Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:GGA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Goldgroup Mining has not reported any payouts.
  • Unable to verify if Goldgroup Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Goldgroup Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Goldgroup Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Goldgroup Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Goldgroup Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Goldgroup Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Goldgroup Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Keith Piggott
COMPENSATION $162,000
AGE 75
TENURE AS CEO 5.8 years
CEO Bio

Mr. Keith Piggott, P.Eng, ACSM, has been the Chief Executive Officer and President of Goldgroup Mining Inc. since June 27, 2013. Mr. Piggott served as the Chief Executive Officer of Goldgroup Mining Inc. from April 2010 to October 12, 2012 and as its President from March 25, 2011 to October 12, 2012. He served as the Chief Executive Officer and President at Core Gold Inc. (formerly Dynasty Metals & Mining Inc.) from September 9, 2016 to March 11, 2019. Mr. Piggott served as the Director General of Granmin SA de CV of Sierra Minerals Inc. He served as General Manager of Minera Secotec SA de C.V. Mr. Piggott has started and operated numerous underground, open cut and beach sand mines in Zambia, Australia and Mexico. He produced copper, cobalt, rutile, zircon, tungsten and tin at various times. He has spent the majority of his career producing gold and silver. He has undertaken exploration work in Australia, Papua New Guinea, Chile, the United States of America and various regions of Central America. Mr. Piggott has a wealth of experience in Mexico which has come through operating a number of gold mines in the region for nearly 10 years. He has been the Chairman of Goldgroup Mining Inc. since June 12, 2013. Mr. Piggott served as the Chairman of Sierra Minerals Inc. and served as its Director since August 24, 2006. He has been a Director of Goldgroup Mining Inc. since August 2006. He has been Non-Independent Director at Core Gold Inc. (formerly Dynasty Metals & Mining Inc.) since September 2016. Mr. Piggott served as an Independent Director at Morgain Minerals Inc. since May 31, 2005. Mr. Piggott obtained a Mining Engineering degree from the Camborne School of Mines in 1964 and completed the Executive Development Course at the London Business School in 1972.

CEO Compensation
  • Keith's compensation has been consistent with company performance over the past year.
  • Keith's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Goldgroup Mining management team in years:

5.8
Average Tenure
75
Average Age
  • The average tenure for the Goldgroup Mining management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Keith Piggott

TITLE
Chairman
COMPENSATION
$162K
AGE
75
TENURE
5.8 yrs

Anthony Balic

TITLE
CFO & Company Secretary
COMPENSATION
$132K
AGE
36
TENURE
2.5 yrs

Roger Newell

TITLE
Consulting Geologist
AGE
75
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Goldgroup Mining board of directors in years:

5.8
Average Tenure
67.5
Average Age
  • The tenure for the Goldgroup Mining board of directors is about average.
Board of Directors

Keith Piggott

TITLE
Chairman
COMPENSATION
$162K
AGE
75
TENURE
5.8 yrs

Corry Silbernagel

TITLE
Director
COMPENSATION
$37K
AGE
45
TENURE
8.8 yrs

Harry Burgess

TITLE
Director
AGE
74
TENURE
3.8 yrs

Paul Zweng

TITLE
Member of Advisory Board
COMPENSATION
$8K
AGE
61
TENURE
6.8 yrs

Javier Reyes

TITLE
Director
COMPENSATION
$97K
TENURE
5.8 yrs

Javier Montaño

TITLE
Director
COMPENSATION
$16K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Goldgroup Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Goldgroup Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Some Goldgroup Mining Shareholders Have Taken A Painful 76% Share Price Drop

Goldgroup Mining isn't yet profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit. … In the last half decade, Goldgroup Mining saw its revenue increase by 6.7% per year.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Goldgroup Mining Inc. (TSE:GGA)?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

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What You Must Know About Goldgroup Mining Inc.'s (TSE:GGA) Financial Strength

(TSE:GGA) with its market cap of CA$9.3m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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What Percentage Of Goldgroup Mining Inc (TSE:GGA) Shares Do Insiders Own?

The big shareholder groups in Goldgroup Mining Inc (TSE:GGA) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Goldgroup Mining is a smaller company with a market capitalization of CA$10m, so it may still be flying under the radar of many institutional investors.

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Is Goldgroup Mining Inc's (TSE:GGA) CEO Paid Enough To Stay Motivated?

How Does Keith Piggott's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Goldgroup Mining Inc has a market cap of CA$10m, and is paying total annual CEO compensation of US$162k. … We examined a group of similar sized companies, with market capitalizations of below US$200m.

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Is Goldgroup Mining Inc (TSE:GGA) Attractive At This PE Ratio?

While this makes GGA appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … See our latest analysis for Goldgroup Mining

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Should You Be Concerned About Goldgroup Mining Inc's (TSE:GGA) Shareholders?

In this article, I will take a quick look at Goldgroup Mining Inc’s (TSE:GGA) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … See our latest analysis for Goldgroup Mining

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Company Info

Description

Goldgroup Mining Inc., together with its subsidiaries, focuses in the acquisition, exploration, and development of gold-bearing mineral properties in Mexico and the Americas. It holds 100% interests in the Cerro Prieto Mine in the state of Sonora; the Cerro Colorado Mine in the state of Sonora; and the San José de Gracia project located in Sinaloa State, Mexico, as well as a 35% interest with an option to acquire 80% interests in the El Mozo Project in southern Ecuador. The company is headquartered in Vancouver, Canada.

Details
Name: Goldgroup Mining Inc.
GGA
Exchange: TSX
Founded:
CA$7,405,467
185,136,688
Website: http://www.goldgroupmining.com
Address: Goldgroup Mining Inc.
1166 Alberni Street,
Suite 1201,
Vancouver,
British Columbia, V6E 3Z3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GGA Common Shares The Toronto Stock Exchange CA CAD 07. May 2010
OTCPK GGAZ.F Common Shares Pink Sheets LLC US USD 07. May 2010
DB 55G Common Shares Deutsche Boerse AG DE EUR 07. May 2010
BMV GGA N Common Shares Bolsa Mexicana de Valores MX MXN 07. May 2010
Number of employees
Current staff
Staff numbers
0
Goldgroup Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:16
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.