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Algold Resources

TSXV:ALG
Snowflake Description

Imperfect balance sheet and overvalued.

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

Algold Resources Ltd. acquires, explores, and develops gold mining properties in Mauritania, West Africa. The last earnings update was 118 days ago. More info.


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  • Algold Resources has significant price volatility in the past 3 months.
ALG Share Price and Events
7 Day Returns
-2.3%
TSXV:ALG
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-84.4%
TSXV:ALG
-3.9%
CA Metals and Mining
2.6%
CA Market
ALG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Algold Resources (ALG) -2.3% -8.7% -43.2% -84.4% -84.4% -90.7%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • ALG underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • ALG underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
ALG
Industry
5yr Volatility vs Market

ALG Value

 Is Algold Resources 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 Algold Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.21.
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 Algold Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Algold Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ALG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.34
TSXV:ALG Share Price ** TSXV (2019-03-21) in CAD CA$0.21
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

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

** Primary Listing of Algold Resources.

TSXV:ALG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:ALG Share Price ÷ EPS (both in CAD)

= 0.21 ÷ -0.34

-0.62x

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

  • Algold Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Algold Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Algold Resources's expected growth come at a high price?
Raw Data
TSXV:ALG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
36.2%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 Algold Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Algold Resources's assets?
Raw Data
TSXV:ALG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$1.07
TSXV:ALG Share Price * TSXV (2019-03-21) in CAD CA$0.21
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSXV:ALG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:ALG Share Price ÷ Book Value per Share (both in CAD)

= 0.21 ÷ 1.07

0.2x

* Primary Listing of Algold Resources.

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

  • Algold Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Algold Resources'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. Algold Resources 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.

ALG Future Performance

 How is Algold Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
36.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Algold Resources expected to grow at an attractive rate?
  • Unable to compare Algold Resources's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Algold Resources's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Unable to compare Algold Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ALG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:ALG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 36.2%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
TSXV:ALG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:ALG Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 0 -3 1
2019-12-31 0 -2 -3 1
2018-12-31 0 -2 -7 1
TSXV:ALG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -2 -7
2018-06-30 -2 -10
2018-03-31 -2 -5
2017-12-31 -2 -5
2017-09-30 -2 -5
2017-06-30 -2 -3
2017-03-31 -2 -3
2016-12-31 -2 -2
2016-09-30 -1 -2
2016-06-30 -2 -1
2016-03-31 -1 -1
2015-12-31 -2 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Algold Resources is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if Algold Resources 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
TSXV:ALG 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 1 Analyst Estimates (S&P Global) See Below

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

TSXV:ALG Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
TSXV:ALG Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.34
2018-06-30 -0.48
2018-03-31 -0.30
2017-12-31 -0.34
2017-09-30 -0.37
2017-06-30 -0.21
2017-03-31 -0.21
2016-12-31 -0.20
2016-09-30 -0.19
2016-06-30 -0.17
2016-03-31 -0.14
2015-12-31 -0.15

*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 Algold Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Algold Resources'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.
Algold Resources 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.

ALG Past Performance

  How has Algold Resources 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 Algold Resources'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.
  • Algold Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Algold Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Algold Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Algold Resources'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 Algold Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ALG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -6.97 2.55
2018-06-30 -9.67 2.70
2018-03-31 -5.31 2.70
2017-12-31 -5.38 2.70
2017-09-30 -5.49 2.69
2017-06-30 -2.65 2.68
2017-03-31 -2.51 2.42
2016-12-31 -2.10 2.10
2016-09-30 -1.64 1.70
2016-06-30 -1.23 1.25
2016-03-31 -0.78 1.09
2015-12-31 -0.82 1.12
2015-09-30 -1.53 1.17
2015-06-30 -2.06 1.61
2015-03-31 -1.91 1.52
2014-12-31 -1.93 1.61
2014-09-30 -2.01 1.60
2014-06-30 -1.59 1.20
2014-03-31 -1.90 1.37
2013-12-31 -1.75 1.15
2013-09-30 -6.08 2.35
2013-06-30 -11.81 2.39
2013-03-31 -21.93 2.43
2012-12-31 -22.07 5.61
2012-09-30 -35.27 5.86
2012-06-30 -48.28 5.84
2012-03-31 -47.92 6.29

*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 Algold Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Algold Resources 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 Algold Resources 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 Algold Resources'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.
Algold Resources 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.

ALG Health

 How is Algold Resources'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 Algold Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Algold Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Algold Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Algold Resources'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 1.5x 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 Algold Resources Company Filings, last reported 5 months ago.

TSXV:ALG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 28.36 5.45 7.96
2018-06-30 22.68 0.11 0.81
2018-03-31 28.28 0.14 4.14
2017-12-31 24.48 0.18 0.13
2017-09-30 25.00 0.21 2.89
2017-06-30 24.62 0.00 2.54
2017-03-31 24.85 0.00 6.23
2016-12-31 17.80 0.00 2.15
2016-09-30 17.05 0.00 3.95
2016-06-30 12.81 0.00 1.78
2016-03-31 8.01 0.00 0.44
2015-12-31 7.25 0.00 1.09
2015-09-30 7.23 0.00 1.68
2015-06-30 7.42 0.00 2.86
2015-03-31 5.27 0.00 1.19
2014-12-31 5.13 0.00 1.54
2014-09-30 4.91 0.06 1.42
2014-06-30 4.15 0.09 1.44
2014-03-31 3.84 0.14 1.55
2013-12-31 3.62 0.26 3.06
2013-09-30 3.04 0.00 3.45
2013-06-30 3.40 0.00 3.67
2013-03-31 3.36 0.00 4.20
2012-12-31 28.31 4.50 3.84
2012-09-30 58.48 3.80 4.35
2012-06-30 -83.33 269.02 2.36
2012-03-31 -63.39 260.58 3.81
  • Algold Resources's level of debt (19.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 19.2% 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.

  • Algold Resources has less than a year of cash runway based on current free cash flow.
  • Algold Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 47.1% each year.
X
Financial health checks
We assess Algold Resources'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. Algold Resources has a total score of 2/6, 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.

ALG Dividends

 What is Algold Resources'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 Algold Resources dividends.
If you bought CA$2,000 of Algold Resources 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 Algold Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Algold Resources'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
TSXV:ALG 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 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
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%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

TSXV:ALG Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as Algold Resources has not reported any payouts.
  • Unable to verify if Algold Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Algold Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Algold Resources 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 Algold Resources'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 Algold Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Algold Resources 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.

ALG Management

 What is the CEO of Algold Resources'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
Benoit La Salle
COMPENSATION CA$0
AGE 63
TENURE AS CEO 1 years
CEO Bio

Mr. Benoit La Salle, FCPA, CPA, FCA, MBA, serves as President and Chief Executive Officer of Windiga Energy Inc. since 2013 and serves as its Director. He serves as Executive Chairman at SRG Graphite Inc., since 2016 and has been its Non-Independent Director since 2016. He has been the Chief Executive Officer of Algold Resources Ltd. since March 2018 and serves as its President. He has been the Executive Chairman since 2013 and Executive Director at Sama Resources Inc./Ressources Sama Inc. since October 15, 2012. Mr. La Salle has over 20 years of experience in the development and operation of mining projects in West Africa. He founded SEMAFO in 1995 and served as its President and Chief Executive Officer from October 1, 1995 to August 2012 and from 1997 to August 2012, respectively. He was a Partner at Montreal Partners. He was also employed at Montreal Partners I, L.P. In 2001, he co-founded BridgeCapital International Inc. In 1980, he also co-founded Grou La Salle & Associates, Chartered Accountants and was its Partner until 2004. He serves as the Chairman of Semafo Energie Inc., Piper Resources Ltd., and Afcan Mining Corporation. He serves as the Chairman of the Board at Algold Resources Ltd since 2013. He served as the Chairman of ART Advanced Research Technologies Inc. from May 25, 2007 to May 2008 and Director from 2003 to May 2008. He served as the Chairman of Maclos Capital, Inc. from March 31, 2004 to August 2008; SEMAFO Inc. since February 2004 and Plan International Canada. Mr. La Salle served as an Executive Vice Chairman of SEMAFO from August 2012 to May 13, 2013. He has been an Independent Director of Earth Alive Clean Technologies Inc. since October 2015, GoviEx Uranium Inc. since November 7, 2012, AFCAN Mining Corp. since September 30, 1999; Contact Image Corporation since November 19, 2004 and Piper Resources Ltd. since February 2003. He serves as a Director of BioCapital Inc., BioCapital Investments Advisors Inc., Bridgepoint International Inc. and Electromed Imaging Inc. He has been a Director of Algold Resources Ltd. since January 23, 2013. He served as a Director of 20-20 Technologies Inc. since June 26, 2001; ART from 2003 to May 2008 and Maclos since March 2004. He served as a Director of SEMAFO Inc. since September 13, 1994 until May 13, 2013. Mr. La Salle served as a Director of Sernova Corp. and Evolved Digital Systems Inc. He served as a Director of Pebercan Inc., from August 1996 to May 11, 2006; Maclos Capital, Inc. since March 31, 2004; Canam Group Inc. since 1997 and Vasogen Inc. from January 1997 to March 25, 2008. He serves as Chair of the SEMAFO Foundation and is Chairman of Canadian Council on Africa. He is a Member of the Quebec Order of Chartered Accountants, the Canadian Institute of Chartered Accountants and the Order of Chartered Administrators of Quebec. He is a C.A. In 1975, he successfully completed the Canadian Institute of Chartered Accountants examinations. He also holds an M.B.A degree from IMEDE in Lausanne, Switzerland. He holds a Bachelor of Commerce in Business from McGill University.

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

Average tenure of the Algold Resources management team in years:

2.3
Average Tenure
  • The tenure for the Algold Resources management team is about average.
Management Team

Dejan Ristic

TITLE
Chief Financial Officer
COMPENSATION
CA$244K
TENURE
6.2 yrs

François Auclair

TITLE
Executive Vice-President of Exploration & Director
COMPENSATION
CA$333K
TENURE
1 yrs

Thierry Vergnol

TITLE
President of ALG Mauritania SARL and VP of Government
COMPENSATION
CA$296K
TENURE
2.3 yrs

Benoit La Salle

TITLE
President
AGE
63
TENURE
1 yrs

Yves Grou

TITLE
Executive Vice Chairman
AGE
63

Alex Ball

TITLE
Executive Vice President of Finance & Corporate Development
TENURE
2.3 yrs

Karel Schultz

TITLE
General Manager of the Processing Plant of the Ezulwini Mining Company (Proprietary) Limited
COMPENSATION
CA$482K

André Ciesielski

TITLE
Senior Technical Consultant
Board of Directors Tenure

Average tenure and age of the Algold Resources board of directors in years:

4.3
Average Tenure
64
Average Age
  • The tenure for the Algold Resources board of directors is about average.
Board of Directors

François Auclair

TITLE
Executive Vice-President of Exploration & Director
COMPENSATION
CA$333K
TENURE
6.2 yrs

Benoit La Salle

TITLE
President
AGE
63
TENURE
6.1 yrs

Yves Grou

TITLE
Executive Vice Chairman
AGE
63

Mary Batoff

TITLE
Director
TENURE
5.2 yrs

Mario Caron

TITLE
Director
AGE
65
TENURE
4.3 yrs

John Sabine

TITLE
Member of Advisory Board
COMPENSATION
CA$14K
AGE
72
TENURE
3.4 yrs

Salma Seetaroo

TITLE
Director
TENURE
6.2 yrs

Darin Milmeister

TITLE
Director
TENURE
3.4 yrs

Brahim Ahmed Ghadda

TITLE
Director
TENURE
1.1 yrs

Lucas Werner

TITLE
Director
TENURE
1.1 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$) Value (CA$)
30. Oct 18 Buy Wafa Holding Company Company 09. Oct 18 09. Oct 18 883,747 CA$1.00 CA$883,747
X
Management checks
We assess Algold Resources'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. Algold Resources 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.

ALG News

Simply Wall St News

Did Changing Sentiment Drive Algold Resources's (CVE:ALG) Share Price Down A Painful 89%?

Algold Resources hasn't yet reported any revenue yet, so it's as much a business idea as a business. … For example, investors may be hoping that Algold Resources finds some valuable resources, before it runs out of money. … But since the share price has dived -35% per year, over 5 years, it looks like some investors think it's time to abandon ship, so to speak.

Simply Wall St -

How Many Algold Resources Ltd (CVE:ALG) Shares Do Institutions Own?

A look at the shareholders of Algold Resources Ltd (CVE:ALG) can tell us which group is most powerful. … Algold Resources is a smaller company with a market capitalization of CA$11m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Who Are The Major Shareholders In Algold Resources Ltd (CVE:ALG)?

Today, I will be analyzing Algold Resources Ltd’s (CVE:ALG) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … View out our latest analysis for Algold Resources

Simply Wall St -

When Should You Buy Algold Resources Ltd (CVE:ALG)?

The stock’s ratio of 0.89x is currently trading slightly below its industry peers’ ratio of 1.76x, which means if you buy Algold Resources today, you’d be paying a relatively fair price for it. … And if you believe Algold Resources should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … ALG’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

ALG Company Info

Description

Algold Resources Ltd. acquires, explores, and develops gold mining properties in Mauritania, West Africa. The Tijirit property covering an area of approximately 1,400 square kilometers located in the Tijirit area; the Kneivissat property covering an area of 830 square kilometers; and the Legouessi exploration license located to the north of Nouakchott. The company was formerly known as First Uranium Corporation and changed its name to Algold Resources Ltd. in December 2013. The company was incorporated in 2005 and is headquartered in Mount Royal, Canada.

Details
Name: Algold Resources Ltd.
ALG
Exchange: TSXV
Founded: 2005
CA$5,246,545
24,983,550
Website: http://www.algold.com
Address: Algold Resources Ltd.
1320 Graham Boulevard,
Suite 132,
Mount Royal,
Quebec, H3P 3C8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ALG Common Stock TSX Venture Exchange CA CAD 20. Dec 2013
OTCPK ALGD.F Common Stock Pink Sheets LLC US USD 20. Dec 2013
DB 3N51 Common Stock Deutsche Boerse AG DE EUR 20. Dec 2013
Number of employees
Current staff
Staff numbers
0
Algold Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:24
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2018/11/27
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.