Bullion Gold Resources Balance Sheet Health

Financial Health criteria checks 6/6

Bullion Gold Resources has a total shareholder equity of CA$1.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.9M and CA$91.6K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$218.60k
Equity	CA$1.82m
Total liabilities	CA$91.61k
Total assets	CA$1.91m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: BGD's short term assets (CA$234.0K) exceed its short term liabilities (CA$91.6K).

Long Term Liabilities: BGD has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: BGD is debt free.

Reducing Debt: BGD has no debt compared to 5 years ago when its debt to equity ratio was 1.1%.

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: BGD has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: BGD is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.

Bullion Gold Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Bullion Gold Resources Corp. announced that it expects to receive CAD 1 million in funding

New major risk - Financial position

New minor risk - Shareholder dilution

Bullion Gold Resources Corp. announced that it has received CAD 0.187 million in funding

Bullion Gold Resources Corp., Annual General Meeting, Jul 30, 2024

Bullion Gold Resources Corp. announced that it expects to receive CAD 0.2 million in funding

Less than half of directors are independent

Bullion Gold Resources Corp. Provides Update on James Bay Lithium Project

Bullion Gold Resources Corp., Annual General Meeting, Jul 05, 2023

Bullion Gold Resources Corp. Announces Resignation of Bernard Lapointe as Director

Bullion Gold Resources Corp. (TSXV:BGD) acquired 36,420 Hectares for Lithium Exploration in James Bay from a group of prospectors for CAD 0.07 million.

Bullion Gold Resources Releases Drilling Results on the Bousquet Project

Bullion Gold Resources Corp. (TSXV:BGD) acquired 18 Mineral claims covering approximetaly 928 hectares located in Quebec for CAD 0.06 millions.

Bullion Gold Resources Corp. Updates on Drilling Work on the Bousquet Project

Bullion Gold Resources Corp. announced that it has received CAD 0.5958 million in funding

Bullion Gold Resources Corp. Notes the Presence of Visible Gold in Its Ongoing Drilling At Bousquet

Bullion Gold Resources Corp. Announces Start of Drilling Campaign of at Least 1,000 Meters on Bousquet Project

Bullion Gold Resources Corp. announced that it has received CAD 0.48575 million in funding

Bullion Gold Resources Corp. Provides Update on its Bousquet Project, Which Is in the Rouyn-Noranda-Cadillac Mining Camp, in Abitibi, Quebec

Bullion Gold Resources Corp. Completeds First Drilling Program of Nine Holes Totaling 2,381 Meters on the Bousquet Project

Bullion Gold Resources Corp. Begins Drilling Campaign on Bousquet

Bullion Gold Resources Corp. Files for Drilling Permits for A 15,000 M Drill Program on the Bousquet Property

Bullion Gold Resources Corp. (TSXV:BGD) entered into an agreement to acquire Joannès Lake Property from Falco Resources Ltd. (TSXV:FPC) for CAD 0.07 million.

Bullion Gold Resources Corp. Appoints New Directors

Bullion Gold Resources Corp. (TSXV:BGD) acquired The Lichen Project for CAD 0.33 million.

Bullion Gold Resources Corp. Announces Resignation of Peter A. Ball as Director

Independent Director has left the company

Bullion Gold Resources Corp. (TSXV:BGD.H) completed the acquisition of Turgeon Lake Project Claims from two independent prospectors.

Bullion Gold Corp. Appoints Martin Nicoletti as New CFO

Bullion Gold Resources Corp. announced that it expects to receive CAD 1 million in funding

Bullion Gold Resources Corp. Announces Executive Changes

Bullion Gold Resources Corp. Announces Resignation of Randy Minhas as CFO

Bullion Gold Resources Corp. announced that it expects to receive CAD 0.5 million in funding

Vertical Designs Ltd. cancelled the acquisition of Bullion Gold Resources Corp. (TSXV:BGD.H) in a reverse merger transaction.

Vertical Designs Ltd. entered into a binding letter of intent to acquire Bullion Gold Resources Corp. (TSXV:BGD.H) in a reverse merger transaction.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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