Loading...

Goldcliff Resource

TSXV:GCN
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

Goldcliff Resource Corporation engages in the acquisition and exploration of exploration and evaluation assets in the United States and Canada. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Goldcliff Resource has significant price volatility in the past 3 months.
GCN Share Price and Events
7 Day Returns
12.5%
TSXV:GCN
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-41.9%
TSXV:GCN
-5.9%
CA Metals and Mining
0.7%
CA Market
GCN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goldcliff Resource (GCN) 12.5% 50% 50% -41.9% 80% -55%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • GCN underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • GCN underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
GCN
Industry
5yr Volatility vs Market

GCN Value

 Is Goldcliff Resource 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 Goldcliff Resource. This is due to cash flow or dividend data being unavailable. The share price is CA$0.09.
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 Goldcliff Resource's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goldcliff Resource's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GCN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in CAD CA$-0.01
TSXV:GCN Share Price ** TSXV (2019-03-19) in CAD CA$0.09
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

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

** Primary Listing of Goldcliff Resource.

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

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

= 0.09 ÷ -0.01

-8.44x

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

  • Goldcliff Resource is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Goldcliff Resource is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Goldcliff Resource's expected growth come at a high price?
Raw Data
TSXV:GCN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.44x
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 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*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 Goldcliff Resource, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Goldcliff Resource's assets?
Raw Data
TSXV:GCN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in CAD CA$0.00
TSXV:GCN Share Price * TSXV (2019-03-19) in CAD CA$0.09
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSXV:GCN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.09 ÷ 0.00

39.91x

* Primary Listing of Goldcliff Resource.

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

  • Goldcliff Resource is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Goldcliff Resource'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. Goldcliff Resource 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.

GCN Future Performance

 How is Goldcliff Resource 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 Goldcliff Resource 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 Goldcliff Resource expected to grow at an attractive rate?
  • Unable to compare Goldcliff Resource's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Goldcliff Resource's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Goldcliff Resource's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GCN 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 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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:GCN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:GCN Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-10-31 0 0
2018-07-31 0 -1
2018-04-30 0 -1
2018-01-31 0 -1
2017-10-31 -1 -1
2017-07-31 -1 -1
2017-04-30 -1 -1
2017-01-31 -1 -1
2016-10-31 0 0
2016-07-31 0 0
2016-04-30 0 0
2016-01-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Goldcliff Resource is high growth as no earnings estimate data is available.
  • Unable to determine if Goldcliff Resource 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:GCN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Goldcliff Resource Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GCN Past Financials Data
Date (Data in CAD Millions) EPS *
2018-10-31 -0.01
2018-07-31 -0.03
2018-04-30 -0.03
2018-01-31 -0.04
2017-10-31 -0.06
2017-07-31 -0.04
2017-04-30 -0.05
2017-01-31 -0.04
2016-10-31 -0.02
2016-07-31 -0.02
2016-04-30 -0.01
2016-01-31 -0.01

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

Next steps:

  1. Take a look at our analysis of GCN’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. Goldcliff Resource'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. Goldcliff Resource'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 Goldcliff Resource'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.
Goldcliff Resource 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.

GCN Past Performance

  How has Goldcliff Resource 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 Goldcliff Resource'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.
  • Goldcliff Resource does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Goldcliff Resource's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Goldcliff Resource's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Goldcliff Resource'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 Goldcliff Resource Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GCN Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 -0.21 0.12
2018-07-31 -0.65 0.41
2018-04-30 -0.68 0.44
2018-01-31 -0.84 0.60
2017-10-31 -1.13 0.92
2017-07-31 -0.71 0.82
2017-04-30 -0.71 0.82
2017-01-31 -0.56 0.67
2016-10-31 -0.20 0.31
2016-07-31 -0.16 0.15
2016-04-30 -0.09 0.08
2016-01-31 -0.10 0.10
2015-10-31 -0.11 0.11
2015-07-31 -0.19 0.17
2015-04-30 -0.26 0.23
2015-01-31 -0.28 0.26
2014-10-31 -0.31 0.31
2014-07-31 -0.32 0.35
2014-04-30 -0.33 0.36
2014-01-31 -0.33 0.36
2013-10-31 -0.34 0.35
2013-07-31 -0.33 0.31
2013-04-30 -0.41 0.41
2013-01-31 -0.48 0.49
2012-10-31 -0.61 0.63
2012-07-31 -0.96 1.04
2012-04-30 -1.18 1.29

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

GCN Health

 How is Goldcliff Resource'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 Goldcliff Resource's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Goldcliff Resource's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Goldcliff Resource has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Goldcliff Resource'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 not covered by short term assets, assets are 0.1x 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 Goldcliff Resource Company Filings, last reported 4 months ago.

TSXV:GCN Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 0.04 0.16 0.01
2018-07-31 0.11 0.16 0.01
2018-04-30 0.14 0.16 0.01
2018-01-31 0.16 0.16 0.02
2017-10-31 0.23 0.06 0.01
2017-07-31 0.45 0.04 0.06
2017-04-30 0.42 0.04 0.07
2017-01-31 0.56 0.04 0.18
2016-10-31 0.94 0.04 0.66
2016-07-31 -0.65 0.14 0.07
2016-04-30 -0.61 0.00 0.04
2016-01-31 -0.61 0.00 0.03
2015-10-31 -0.58 0.00 0.04
2015-07-31 -0.56 0.00 0.03
2015-04-30 -0.58 0.00 0.04
2015-01-31 -0.53 0.00 0.06
2014-10-31 -0.50 0.00 0.06
2014-07-31 -0.51 0.00 0.03
2014-04-30 -0.46 0.00 0.05
2014-01-31 -0.41 0.00 0.03
2013-10-31 -0.36 0.00 0.05
2013-07-31 -0.35 0.00 0.04
2013-04-30 -0.43 0.00 0.04
2013-01-31 -0.35 0.00 0.09
2012-10-31 -0.29 0.00 0.06
2012-07-31 -0.15 0.00 0.10
2012-04-30 -0.11 0.00 0.14
  • Goldcliff Resource's level of debt (354.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 354.9% 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.

  • Goldcliff Resource has less than a year of cash runway based on current free cash flow.
  • Goldcliff Resource has less than a year of cash runway if free cash flow continues to grow at historical rates of 11% each year.
X
Financial health checks
We assess Goldcliff Resource'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. Goldcliff Resource 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.

GCN Dividends

 What is Goldcliff Resource'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 Goldcliff Resource dividends.
If you bought CA$2,000 of Goldcliff Resource 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 Goldcliff Resource's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Goldcliff Resource'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:GCN 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%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

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

GCN Management

 What is the CEO of Goldcliff Resource'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
George Sanders
COMPENSATION CA$46,288
AGE 61
TENURE AS CEO 4.8 years
CEO Bio

Mr. George Walter Sanders has been the Chief Financial Officer of Bitterroot Resources Ltd. since December 21, 2018. Mr. Sanders is a Corporate Financial Consultant. He has been the President of Goldcliff Resources Corp. since March 20, 2007 and its Chief Executive Officer since March 20, 2007. Mr. Sanders is responsible for corporate development activities, corporate communications, managing strategic partner relationships, as well as managing Shore's portfolio of gold assets. He served as Interim Chief Executive Officer of Goldcliff Resources Corp. since June 13, 2014. He is a mining entrepreneur with over 35 years in mining and exploration finance experience as a mining analyst, stockbroker specializing in resource issues and in managing a range of exploration finance activities. Mr. Sanders has worked in the entrepreneurial end of the mining retail business. He spent over 15 years as a registered representative and precious metals specialist with the investment firm Canaccord Capital Corporation and its predecessor companies. Mr. Sanders served as Vice President of Corporate Development at Shore Gold Inc. from September 11, 2003 to March 2006. He served as the President of Wescan Goldfields Inc. From 1987 to 1994. He served as the President of Silvercrest Mines Inc. Mr. Sanders served as Mining Assistant to the Chairman, at a major independent Canadian investment dealer. He served as Director of Corporate Development for Richmont Mines Inc. from 1995 to 1996, where he was responsible for Western Canadian and US acquisitions as well as liaison activity with analysts and institutional investors. He served in Corporate Development positions at Consolidated Cinola Mines. Mr. Sanders has been an Independent Director of Silvercrest Mines Inc. since June 28, 2006, Goldcliff Resources Corp. since May 7, 2002 and Fission Energy Corp. since November 6, 2008. He served as an Independent Director at SilverCrest Metals Inc. from August 6, 2015 to September 2018. He has been a Director of Bitterroot Resources Ltd. since September 4, 2002. He served as a Director of Fission Uranium Corp. He served as a Director of Wescan Goldfields Inc. He served as a Director of WR Partners Ltd., since February 14, 2007 and biOasis Technologies Inc. from February 2007 to April 13, 2011.

CEO Compensation
  • Insufficient data for George to compare compensation growth.
  • George's remuneration is lower than average for companies of similar size in Canada.
Management Team

George Sanders

TITLE
President
COMPENSATION
CA$46K
AGE
61
TENURE
4.8 yrs

Gary Moore

TITLE
CFO, VP of Finance & Director
COMPENSATION
CA$33K
TENURE
7.7 yrs

Graham Scott

TITLE
Corporate Secretary
AGE
71

William Botel

TITLE
Consultant
Board of Directors Tenure

Average tenure of the Goldcliff Resource board of directors in years:

15.5
Average Tenure
  • The average tenure for the Goldcliff Resource board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

George Sanders

TITLE
President
COMPENSATION
CA$46K
AGE
61
TENURE
16.8 yrs

Gary Moore

TITLE
CFO, VP of Finance & Director
COMPENSATION
CA$33K
TENURE
11.7 yrs

Edwin Rockel

TITLE
Director
COMPENSATION
CA$33K
TENURE
32.7 yrs

Paul Saxton

TITLE
Independent Director
COMPENSATION
CA$46K
AGE
71
TENURE
15.5 yrs

Sam Zastavnikovich

TITLE
Director
COMPENSATION
CA$33K
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
14. Nov 18 Buy George Sanders Individual 09. Nov 18 09. Nov 18 10,000 CA$0.07 CA$650
06. Nov 18 Buy George Sanders Individual 01. Nov 18 01. Nov 18 15,000 CA$0.07 CA$975
24. Sep 18 Buy George Sanders Individual 19. Sep 18 19. Sep 18 1,000 CA$0.08 CA$80
20. Sep 18 Buy George Sanders Individual 18. Sep 18 18. Sep 18 14,000 CA$0.08 CA$1,120
17. Sep 18 Buy George Sanders Individual 12. Sep 18 12. Sep 18 8,000 CA$0.08 CA$640
12. Sep 18 Buy George Sanders Individual 10. Sep 18 10. Sep 18 2,000 CA$0.08 CA$160
16. Aug 18 Buy George Sanders Individual 13. Aug 18 13. Aug 18 20,000 CA$0.10 CA$1,900
16. Jul 18 Buy George Sanders Individual 12. Jul 18 12. Jul 18 1,000 CA$0.10 CA$100
12. Jul 18 Buy George Sanders Individual 09. Jul 18 09. Jul 18 9,000 CA$0.10 CA$900
25. Jun 18 Buy George Sanders Individual 20. Jun 18 20. Jun 18 19,500 CA$0.11 CA$2,145
02. May 18 Buy George Sanders Individual 27. Apr 18 27. Apr 18 10,000 CA$0.14 CA$1,450
X
Management checks
We assess Goldcliff Resource'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. Goldcliff Resource 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.

GCN News

Simply Wall St News

How Financially Strong Is Goldcliff Resource Corporation (CVE:GCN)?

Investors are always looking for growth in small-cap stocks like Goldcliff Resource Corporation (CVE:GCN), with a market cap of CA$1m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

What Investors Should Know About Goldcliff Resource Corporation's (CVE:GCN) Financial Strength

While small-cap stocks, such as Goldcliff Resource Corporation (CVE:GCN) with its market cap of CA$1.98m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Goldcliff Resource Corporation (CVE:GCN): What Does It Mean For Your Portfolio?

Based on this beta value, GCN appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … As a result, this aspect of GCN indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

How Financially Strong Is Goldcliff Resource Corporation (CVE:GCN)?

With this rise in debt, the current cash and short-term investment levels stands at CA$13.67K for investing into the business. … 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: With a high level of debt on its balance sheet, GCN could still be in a financially strong position if its cash flow also stacked up.

Simply Wall St -

What Investors Should Know About Goldcliff Resource Corp's (TSXV:GCN) Financial Strength

Looking at GCN’s most recent CA$0M liabilities, it appears that the company has been able to meet these obligations given the level of current assets of CA$1M, with a current ratio of 4.7x. … Although GCN’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings. … But its current cash flow coverage of existing debt, along with its low liquidity, is concerning.

Simply Wall St -

GCN Company Info

Description

Goldcliff Resource Corporation engages in the acquisition and exploration of exploration and evaluation assets in the United States and Canada. The company explores for gold and silver deposits. It primarily holds 40% joint venture interest in the Pine Grove project covering an area of approximately 4,586 acres located in Lyon County, Nevada. The company also owns a 100% interest in the Panorama Ridge project with a contiguous block of 7,654.53 hectares located in the Hedley gold camp, Nickel Plate mining district, Osoyoos Mining Division; and the Ainsworth project with a contiguous block of 1856.328 hectares located in the Ainsworth-Kaslo silver camp, Kootenay mining district, Slocan Mining Division in British Columbia, Canada. Goldcliff Resource Corporation was founded in 1986 and is headquartered in Vancouver, Canada.

Details
Name: Goldcliff Resource Corporation
GCN
Exchange: TSXV
Founded: 1986
CA$1,785,059
19,833,992
Website: http://www.goldcliff.com
Address: Goldcliff Resource Corporation
789 West Pender Street,
Suite 400,
Vancouver,
British Columbia, V6C 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GCN Common Shares TSX Venture Exchange CA CAD 08. Nov 1989
OTCPK GCFF.F Common Shares Pink Sheets LLC US USD 08. Nov 1989
Number of employees
Current staff
Staff numbers
0
Goldcliff Resource employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:37
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2019/02/01
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


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.