GoGold Resources Third Quarter 2024 Earnings: Misses Expectations

GoGold Resources (TSE:GGD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$10.4m (up 22% from 3Q 2023).
• Net loss: US$483.0k (down by 119% from US$2.60m profit in 3Q 2023).
• US$0.002 loss per share (down from US$0.008 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GoGold Resources Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 7.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on GoGold Resources' balance sheet health.

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