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Core Gold

TSXV:CGLD
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CGLD
TSXV
CA$35M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Core Gold Inc. engages in acquiring, exploring, developing, and mining mineral concessions in Ecuador. The last earnings update was 110 days ago. More info.


Add to Portfolio Compare Print
  • Core Gold has significant price volatility in the past 3 months.
CGLD Share Price and Events
7 Day Returns
-2%
TSXV:CGLD
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-18.6%
TSXV:CGLD
-7%
CA Metals and Mining
1.2%
CA Market
CGLD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Core Gold (CGLD) -2% -17.2% 14.3% -18.6% -27.3% -81%
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • CGLD underperformed the Metals and Mining industry which returned -7% over the past year.
  • CGLD underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
CGLD
Industry
5yr Volatility vs Market

Value

 Is Core Gold 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.

In this section, we usually try to help investors determine whether Core Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Core Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Core Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.24.
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 Core Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Core Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:CGLD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.16
TSXV:CGLD Share Price ** TSXV (2019-03-19) in CAD CA$0.24
TSXV:CGLD Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.752 $0.18
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

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

** Primary Listing of Core Gold.

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

= TSXV:CGLD Share Price ÷ EPS (both in USD)

= 0.18 ÷ -0.16

-1.12x

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

  • Core Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Core Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Core Gold's expected growth come at a high price?
Raw Data
TSXV:CGLD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.12x
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 252 Publicly-Listed Companies 1.21x

*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 Core Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Core Gold's assets?
Raw Data
TSXV:CGLD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.00
TSXV:CGLD Share Price * TSXV (2019-03-19) in CAD CA$0.24
TSXV:CGLD Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.752 $0.18
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,347 Publicly-Listed Companies 1.56x
TSXV:CGLD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:CGLD Share Price ÷ Book Value per Share (both in USD)

= 0.18 ÷ 0.00

-42.36x

* Primary Listing of Core Gold.

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

  • Core Gold has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of CGLD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Core Gold's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Core Gold'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. Core Gold has a total score of 0/6, 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 Core Gold 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 Core Gold 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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Core Gold expected to grow at an attractive rate?
  • Unable to compare Core Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Core Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Core Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:CGLD Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
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
TSXV:CGLD 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.
TSXV:CGLD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 33 -8 -20
2018-06-30 31 -9 -18
2018-03-31 25 -8 -20
2017-12-31 18 -6 -22
2017-09-30 5 -5 -33
2017-06-30 1 -5 -35
2017-03-31 1 -4 -36
2016-12-31 4 -4 -35
2016-09-30 12 -2 -17
2016-06-30 17 -1 -17
2016-03-31 21 -3 -16
2015-12-31 21 -6 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Core Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Core Gold 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:CGLD 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 Core Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CGLD Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.16
2018-06-30 -0.15
2018-03-31 -0.19
2017-12-31 -0.23
2017-09-30 -0.37
2017-06-30 -0.44
2017-03-31 -0.52
2016-12-31 -0.59
2016-09-30 -0.36
2016-06-30 -0.38
2016-03-31 -0.36
2015-12-31 -0.39

*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 Core Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of CGLD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Core Gold'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. Core Gold'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 Core Gold'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.
Core Gold 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 Core Gold 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 Core Gold'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.
  • Core Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Core Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Core Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Core Gold'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 Core Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CGLD 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 33.18 -19.79 9.16
2018-06-30 31.21 -17.51 8.68
2018-03-31 24.63 -19.85 8.35
2017-12-31 18.19 -22.28 7.93
2017-09-30 4.67 -33.33 5.18
2017-06-30 0.67 -35.09 4.92
2017-03-31 1.33 -35.85 4.42
2016-12-31 3.85 -34.85 4.30
2016-09-30 11.79 -17.47 3.12
2016-06-30 17.06 -17.37 3.15
2016-03-31 20.86 -16.36 3.55
2015-12-31 21.05 -17.00 3.94
2015-09-30 24.75 -10.87 4.83
2015-06-30 29.51 -8.44 4.36
2015-03-31 31.06 -7.86 4.96
2014-12-31 37.01 -2.73 5.39
2014-09-30 42.72 1.37 5.18
2014-06-30 31.61 -0.29 5.79
2014-03-31 25.61 1.78 5.44
2013-12-31 15.94 -0.57 5.17
2013-09-30 -4.81 5.53
2013-06-30 -5.32 5.63
2013-03-31 -5.23 5.56
2012-12-31 -5.82 5.82
2012-09-30 -7.63 6.37
2012-06-30 -7.20 6.21
2012-03-31 -7.66 6.47

*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 Core Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Core Gold 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 Core Gold 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 Core Gold'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.
Core Gold 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 Core Gold'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 Core Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Core Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Core Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Core Gold'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.
  • Core Gold has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Core Gold Company Filings, last reported 5 months ago.

TSXV:CGLD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.62 7.22 1.16
2018-06-30 -0.70 7.21 0.51
2018-03-31 -0.05 7.04 1.19
2017-12-31 -0.99 7.13 1.10
2017-09-30 11.10 6.68 0.61
2017-06-30 9.29 7.07 0.99
2017-03-31 12.22 6.79 0.04
2016-12-31 16.48 6.29 0.02
2016-09-30 41.07 3.41 0.97
2016-06-30 38.48 5.32 0.03
2016-03-31 43.23 4.87 0.24
2015-12-31 46.66 4.86 0.45
2015-09-30 54.11 4.91 0.40
2015-06-30 54.43 6.35 1.75
2015-03-31 58.08 2.58 0.44
2014-12-31 62.15 1.00 3.45
2014-09-30 62.71 1.00 2.27
2014-06-30 62.01 1.00 0.36
2014-03-31 65.14 1.00 3.25
2013-12-31 64.00 1.13 4.91
2013-09-30 61.15 1.30 0.55
2013-06-30 61.76 1.15 0.07
2013-03-31 62.87 1.84 0.16
2012-12-31 64.12 0.60 0.43
2012-09-30 65.52 0.00 0.77
2012-06-30 66.93 0.00 1.14
2012-03-31 67.85 0.00 2.72
  • Core Gold has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Core Gold's debt level has increased considering it has negative shareholder equity.
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.

  • Core Gold has less than a year of cash runway based on current free cash flow.
  • Core Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 19% each year.
X
Financial health checks
We assess Core Gold'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. Core Gold has a total score of 1/6, 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 Core Gold'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 Core Gold dividends.
If you bought CA$2,000 of Core Gold 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 Core Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Core Gold'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:CGLD 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 330 Stocks 3.5%
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 5.7%

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 Core Gold has not reported any payouts.
  • Unable to verify if Core Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Core Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Core Gold 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 Core Gold'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 Core Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Core Gold 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 Core Gold'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
Mark Bailey
COMPENSATION $22,150
AGE 69
TENURE AS CEO 0 years
CEO Bio

Mr. Mark H. Bailey, M.Sc. & P.Geo, has been Non-Executive Chairman of Entree Resources Ltd. since February 5, 2018 and has been its Director since June 28, 2002. Mr. Bailey has been Interim Chief Executive Officer of Core Gold Inc. since March 11, 2019. He is a registered professional geologist with over 40 years’ experience, most recently in the role of President, CEO and Director of TSX-listed Minefinders Corporation Ltd. (“Minefinders”) from 1995 to its sale in 2012. Prior to his tenure with Minefinders, Mr. Bailey held senior positions with Equinox Resources Inc. and Exxon Minerals. Since 1984, Mr. Bailey has worked as a consulting geologist with Mark H. Bailey & Associates LLC. He is presently a Director of Mason Resources Corp. since February 24, 2017 and owner of Mark H. Bailey & Associates LLC, a consulting Geologist company. Mr. Bailey has been a Director of Core Gold Inc. since September 2003. He serves as Chairman of Fiore Gold Ltd and has been its Director since September 2017. Mr. Bailey holds a Master of Science degree in geology from Oregon State University and a Bachelor of Science degree in geology from the University of Washington.

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

Mark Bailey

TITLE
Interim CEO & Director
COMPENSATION
$22K
AGE
69

Sam Wong

TITLE
CFO & Corporate Secretary
COMPENSATION
$300K
AGE
33
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Core Gold board of directors in years:

2.5
Average Tenure
64
Average Age
  • The average tenure for the Core Gold board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mark Bailey

TITLE
Interim CEO & Director
COMPENSATION
$22K
AGE
69
TENURE
15.5 yrs

Javier Reyes

TITLE
Director
COMPENSATION
$22K
TENURE
2.5 yrs

Gregg Sedun

TITLE
Lead Director
COMPENSATION
$30K
AGE
59
TENURE
2.5 yrs

Len Clough

TITLE
Director
COMPENSATION
$22K
AGE
43
TENURE
7.8 yrs

Keith Piggott

TITLE
Director
COMPENSATION
$346K
AGE
75
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
05. Oct 18 Sell Robert Washer Individual 03. Oct 18 03. Oct 18 -38,000 CA$0.28 CA$-10,450
28. Sep 18 Sell Robert Washer Individual 25. Sep 18 26. Sep 18 -64,000 CA$0.26 CA$-16,671
24. Sep 18 Sell Robert Washer Individual 10. Sep 18 24. Sep 18 -229,500 CA$0.27 CA$-59,777
31. Aug 18 Sell Robert Washer Individual 30. Aug 18 30. Aug 18 -75,000 CA$0.29 CA$-21,750
30. Aug 18 Sell Robert Washer Individual 29. Aug 18 29. Aug 18 -40,000 CA$0.29 CA$-11,400
29. Aug 18 Sell Robert Washer Individual 24. Aug 18 28. Aug 18 -35,000 CA$0.30 CA$-9,947
19. Jul 18 Sell Robert Washer Individual 19. Jul 18 19. Jul 18 -27,000 CA$0.31 CA$-8,370
18. Jul 18 Sell Robert Washer Individual 16. Jul 18 18. Jul 18 -65,500 CA$0.34 CA$-21,266
14. Jul 18 Sell Robert Washer Individual 11. Jul 18 12. Jul 18 -66,000 CA$0.34 CA$-22,211
07. Jun 18 Buy Javier Reyes Individual 04. May 18 04. May 18 144,360 CA$0.30 CA$43,308
07. May 18 Buy Mark Bailey Individual 04. May 18 04. May 18 253,712 CA$0.30 CA$76,114
06. May 18 Buy Keith Piggott Individual 04. May 18 04. May 18 1,742,500 CA$0.30 CA$522,750
06. May 18 Buy Gregg Sedun Individual 04. May 18 04. May 18 194,730 CA$0.30 CA$58,419
17. Apr 18 Sell Robert Washer Individual 09. Apr 18 11. Apr 18 -129,000 CA$0.31 CA$-37,198
07. Apr 18 Sell Robert Washer Individual 06. Apr 18 06. Apr 18 -2,500 CA$0.29 CA$-713
21. Mar 18 Sell Robert Washer Individual 20. Mar 18 20. Mar 18 -31,000 CA$0.29 CA$-9,145
05. Apr 18 Sell Robert Washer Individual 03. Apr 18 03. Apr 18 -7,500 CA$0.31 CA$-2,288
02. Apr 18 Sell Robert Washer Individual 29. Mar 18 29. Mar 18 -15,000 CA$0.32 CA$-4,800
29. Mar 18 Sell Robert Washer Individual 28. Mar 18 28. Mar 18 -35,500 CA$0.32 CA$-11,360
27. Mar 18 Sell Robert Washer Individual 23. Mar 18 27. Mar 18 -119,500 CA$0.32 CA$-36,193
23. Mar 18 Sell Robert Washer Individual 21. Mar 18 22. Mar 18 -308,000 CA$0.33 CA$-93,545
X
Management checks
We assess Core Gold'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. Core Gold 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

Should You Be Holding Core Gold Inc (CVE:CGLD) Right Now?

If you are looking to invest in Core Gold Inc’s (CVE:CGLD), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

What does Core Gold Inc's (CVE:CGLD) Balance Sheet Tell Us About Its Future?

How does CGLD’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: CGLD’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

Does Core Gold Inc's (CVE:CGLD) Past Performance Indicate A Weaker Future?

When Core Gold Inc (TSXV:CGLD) announced its most recent earnings (30 September 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … View our latest analysis for Core Gold Commentary On CGLD's Past Performance I prefer to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the past half a decade Core Gold has seen an annual decline in revenue of -42.79%, on average.

Simply Wall St -

Should You Have Core Gold Inc's (TSXV:CGLD) In Your Portfolio?

See our latest analysis for CGLD What is CGLD’s market risk? … With a beta of 2.26, Core Gold is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … A market capitalisation of CAD CA$21.96M puts CGLD in the category of small-cap stocks, which tends to possess higher beta than larger companies.

Simply Wall St -

Company Info

Description

Core Gold Inc. engages in acquiring, exploring, developing, and mining mineral concessions in Ecuador. The company primarily explores for gold, copper, and silver deposits. Its flagship asset is the 100% owned Dynasty District, a 50,000 hectare land package, which includes five production and exploration targets. The company was formerly known as Dynasty Metals and Mining Inc. and changed its name to Core Gold Inc. in September 2017. Core Gold Inc. is headquartered in Vancouver, Canada.

Details
Name: Core Gold Inc.
CGLD
Exchange: TSXV
Founded:
CA$35,051,280
146,047,000
Website: http://www.coregoldinc.com
Address: Core Gold Inc.
1166 Alberni Street,
Suite 1201,
Vancouver,
British Columbia, V6E 3Z3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV CGLD Common Shares TSX Venture Exchange CA CAD 26. Sep 2003
OTCPK CGLD.F Common Shares Pink Sheets LLC US USD 26. Sep 2003
DB D3S Common Shares Deutsche Boerse AG DE EUR 26. Sep 2003
Number of employees
Current staff
Staff numbers
0
Core Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:44
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/11/29
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.