Probe Gold Balance Sheet Health

Financial Health criteria checks 5/6

Probe Gold has a total shareholder equity of CA$25.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$34.3M and CA$8.6M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$26.00m
Equity	CA$25.68m
Total liabilities	CA$8.64m
Total assets	CA$34.32m

Recent financial health updates

Will Probe Gold (TSE:PRB) Spend Its Cash Wisely?

Mar 18

We Think Probe Metals (CVE:PRB) Can Afford To Drive Business Growth

Sep 25

Recent updates

Will Probe Gold (TSE:PRB) Spend Its Cash Wisely?

Mar 18

We Think Probe Metals (CVE:PRB) Can Afford To Drive Business Growth

Sep 25

Financial Position Analysis

Short Term Liabilities: PRB's short term assets (CA$27.5M) exceed its short term liabilities (CA$6.7M).

Long Term Liabilities: PRB's short term assets (CA$27.5M) exceed its long term liabilities (CA$1.9M).

Debt to Equity History and Analysis

Debt Level: PRB is debt free.

Reducing Debt: PRB has not had any debt for past 5 years.

Balance Sheet

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.

Stable Cash Runway: PRB has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PRB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.5% each year

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Probe Gold Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Will Probe Gold (TSE:PRB) Spend Its Cash Wisely?

We Think Probe Metals (CVE:PRB) Can Afford To Drive Business Growth

Recent updates

Probe Gold Intersects 23.1 g/t Au over 3.1 Metres in Infill Drilling At the Monique Deposit, Novador Project, Quebec

New major risk - Financial position

Probe Gold Inc. (TSX:PRB) completed the acquisition of McKenzie and Beaufor Properties in Val-dOr, Quebec from Monarch Mining Corporation (OTCPK:GBAR.F) for CAD 7.9 million.

Probe Gold Inc., Annual General Meeting, Jun 11, 2024

Probe Gold Inc. Appoints Shannon McCrae to Its Board of Directors

Probe Gold Announces Updated PEA for Novador Project, Quebec

Probe Gold Inc. Provides New Results from its 2023 Drilling Program Completed on the La Peltrie Project

Probe Gold Inc. announced that it has received CAD 9.99988 million in funding

Probe Gold Inc. announced that it expects to receive CAD 9.99988 million in funding

New major risk - Financial position

Probe Gold Intersects 6.4 G/T Au (cut) over 18.3 Metres At the Monique Deposit, Novador Project, Quebec

Probe Gold Commences Drilling Program on Its Croinor Gold Property, Val-D'or, Quebec

New minor risk - Financial position

Probe Gold Inc. Commences Environmental Permitting for Novador Project

Probe Gold Inc. Provides the Second Set of Results from the 2023 Monique Drill Program on Its 100%-Owned Novador Property Located Near Val-D'or, Quebec

Price target decreased by 7.7% to CA$3.08

Less than half of directors are independent

Probe Gold Inc. Provides the First Set of Results from the 2023 Monique Deposit Drill Program on Its 100%-Owned Novador Property

Probe Gold Inc. (TSX:PRB) acquired Croinor Gold Property in Val-d’Or, Quebec, Canada from Monarch Mining Corporation for CAD 4.5 million.

Probe Gold Begins Summer Drilling Program on Its Detour Quebec Project

Probe Gold Inc. Announces Release of Updated Mineral Resource Estimate for its Val-d’Or Project Properties Located Near Val-d’Or, Quebec

Probe Gold Inc. (TSX:PRB) entered into a definitive agreement to acquire Croinor Gold Property in Val-d’Or, Quebec, Canada for CAD 4.5 million.

Probe Gold Inc. Provides Update on Quebec Wildfire Situation

Executive Vice President exercised options to buy CA$118k worth of stock.

Basil Haymann, Gord Mccreary, and Marco Gagnon Do Not Stand for Re-Election to the Board of Probe Gold Inc

Probe Gold Inc. Provides the Final Set of Results from the 2022 Courvan Gold Trend Resource Drill Program on its 100%-Owned Novador Property Located Near Val-d'Or, Quebec

Independent Chairman of the Board exercised options to buy CA$326k worth of stock.

Probe Gold Reports Large Gold Intercepts, Grading Up to 1.1 G/T Au over 113.5 Metres, in Infill Drilling At Courvan Southwest Deposit, Novador Project, Quebec

Director recently bought CA$218k worth of stock

President exercised options to buy CA$159k worth of stock.

Will Probe Gold (TSE:PRB) Spend Its Cash Wisely?

Price target increased by 9.1% to CA$3.31

Executive VP & Director exercised options to buy CA$130k worth of stock.

Insufficient new directors

Probe Gold Inc. Provides the Exploration Plan for 2023 and an Update on the Progress of Exploration Activities At Its Novador and Detour Quebec Gold Projects Located in the Two Largest Gold Camps in Quebec’S Abitibi Greenstone Belt

Probe Gold Inc.(TSXV:PRB) dropped from S&P/TSX Venture Composite Index

Probe Gold Inc. Provides an Update on Monique Property, Part of the Novador Project

Probe Metals Inc Intersects 4.9 G/T Au (Cut) over 22.9 Metres in Expansion Drilling At Monique, Val-D’Or East Project

Probe Metals and Midland Exploration Inc. Discover A Large Copper-Gold-Silver-Molybdenum System on La Peltrie Option Property, Detour Project

Probe Metals Inc. Provides Further Results from the 2022 Drill Program on Its 100%- Owned Val-d'Or East Monique Property (The "Property") Located Near Val-D'or, Quebec

Probe Metals Inc. Provides Infill Drilling Returns Significant New Intersections, Including Up to 15.1 G/T Au over 7.4 Metres (Cut), At Monique, Val-D’Or East Project

We Think Probe Metals (CVE:PRB) Can Afford To Drive Business Growth

Probe Metals Inc. Infill Drilling Confirms Strong Continuity of Resource, Including Intercepts of Up to 3.4G/T Au over 25.3 Metres At Monique, Val-D’Or East Project

Price target decreased to CA$3.17

Probe Metals Inc. Intersects 4.4 G/T Au over 15.4 Metres in Expansion Drilling At Monique, Val-D’Or East Project

Probe Metals Continues to Expand Gold Zones At Monique Trend, Val-D’Or East Project

Probe Metals Inc. announced that it has received CAD 10.5 million in funding from a group of investors

Probe Metals Inc. announced that it expects to receive CAD 9.287374 million in funding

Probe Metals Inc. Announces That It Will Be Commencing A 10,000-Metre Drilling Program to Test New High-Priority Gold Targets on Its Detour Quebec Project

Probe Metals Inc. Provides the First Set of Results from the 2022 Drill Program on Val-D’Or East Monique Property

Probe Metals Inc. Provides Last Set of Results from the 2021 Drill Program on its 100%-Owned Val-d’Or East Monique Property

Probe Metals Inc., Annual General Meeting, Jun 16, 2022

Probe Metals Inc. announced that it has received CAD 20.77 million in funding

Probe Metals Inc. announced that it expects to receive CAD 15.004 million in funding

Price target increased to CA$3.67

Probe Metals Further Expands Gold Mineralization At Monique Trend, Val-D’Or East Project, Quebec

Probe Metals Inc Announces the Commencement of the 2022 Exploration and Development Programs at the Val-D’Or East and Detour Projects

Probe Metals Continues to Expand Gold Mineralisation At the Monique Property, Val-D’Or East Project

President exercised options to buy CA$1.0m worth of stock.

Price target increased to CA$3.38

Probe Metals Announces Positive Preliminary Economic Assessment for Val-D’Or East Project, Québec

An unknown buyer acquired 11.6% stake in Probe Metals Inc. (TSXV:PRB) from Goldcorp Inc. for CAD 23.9 million.

Probe Metals and Midland Exploration Commences Drilling to Test New High Priority Targets South of Fenelon on the Detour Gaudet-Fenelon JV Project

Director recently bought CA$51k worth of stock

Director recently bought CA$51k worth of stock

Probe Metals Inc. Announces the Release of an Updated Resource Estimate for its Val-d’Or East Project Located Near Val-d’Or, Quebec

Probe Metals Continues to Intersect High Grade Gold, Including 5.3 G/T Au over 18.7 Metres, on the Monique Property, Val-D'or East Project

Probe Metals Intersects 11 g/t Au over 7.2 metres on the Pascalis Gold Trend at Val-d’Or East Project, Quebec

New 90-day low: CA$1.37

Probe Metals Advances Val-d’Or East Project Development Studies with the Completion of Geotechnical Site Characterization and Design Criteria

New 90-day low: CA$1.51

Probe Metals Intersects 14.8 g/t Au over 7.5 metres on the Courvan Gold Trend, Val-d’Or East Project

Probe Metals Intersects 7.3 G/T Au over 10.4 Metres on the Monique Mining Lease, Val-D’Or East Project