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Goldex Resources

TSXV:GDX
Snowflake Description

Weak fundamentals or lack of information.

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

Goldex Resources Corporation, a junior resource company, engages in the acquisition and exploration of gold properties in Canada, Guatemala, and Mexico. The last earnings update was 111 days ago. More info.


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  • Goldex Resources has significant price volatility in the past 3 months.
GDX Share Price and Events
7 Day Returns
-4.5%
TSXV:GDX
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-95.9%
TSXV:GDX
-5.9%
CA Metals and Mining
0.7%
CA Market
GDX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goldex Resources (GDX) -4.5% -16% -19.2% -95.9% -38.2% -82.5%
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
  • GDX underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • GDX underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
GDX
Industry
5yr Volatility vs Market

GDX Value

 Is Goldex 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.

In this section, we usually try to help investors determine whether Goldex Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Goldex Resources 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 Goldex Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.105.
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 Goldex Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goldex Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GDX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.10
TSXV:GDX Share Price ** TSXV (2019-03-20) in CAD CA$0.11
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 Goldex Resources.

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

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

= 0.11 ÷ -0.10

-1.05x

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

  • Goldex Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Goldex Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Goldex Resources's expected growth come at a high price?
Raw Data
TSXV:GDX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.05x
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 Goldex Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Goldex Resources's assets?
Raw Data
TSXV:GDX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-0.08
TSXV:GDX Share Price * TSXV (2019-03-20) in CAD CA$0.11
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:GDX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.11 ÷ -0.08

-1.3x

* Primary Listing of Goldex Resources.

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

  • Goldex Resources 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 GDX’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 Goldex Resources'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 Goldex 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. Goldex Resources 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.

GDX Future Performance

 How is Goldex Resources 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 Goldex Resources 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 Goldex Resources expected to grow at an attractive rate?
  • Unable to compare Goldex Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Goldex Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Goldex Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GDX 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:GDX 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 CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:GDX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 -1
2018-06-30 0 -1
2018-03-31 0 -1
2017-12-31 0 -1
2017-09-30 0 -1
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 -1 -2
2016-06-30 -1 -2
2016-03-31 -1 -2
2015-12-31 -1 -2

*GAAP earnings excluding extraordinary items.

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

TSXV:GDX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.10
2018-06-30 -0.12
2018-03-31 -0.14
2017-12-31 -0.10
2017-09-30 -0.10
2017-06-30 -0.09
2017-03-31 -0.09
2016-12-31 -0.08
2016-09-30 -0.61
2016-06-30 -0.91
2016-03-31 -1.32
2015-12-31 -1.49

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

Next steps:

  1. Take a look at our analysis of GDX’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. Goldex Resources'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. Goldex Resources'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 Goldex 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.
Goldex 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.

GDX Past Performance

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

TSXV:GDX 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 -1.12 0.93
2018-06-30 -1.19 1.06
2018-03-31 -1.19 0.95
2017-12-31 -0.66 0.41
2017-09-30 -0.57 0.27
2017-06-30 -0.42 0.14
2017-03-31 -0.40 0.23
2016-12-31 -0.29 0.21
2016-09-30 -1.80 0.34
2016-06-30 -1.92 0.35
2016-03-31 -1.87 0.31
2015-12-31 -2.04 0.34
2015-09-30 -0.85 0.20
2015-06-30 -0.80 0.21
2015-03-31 -0.79 0.19
2014-12-31 -0.72 0.18
2014-09-30 -1.26 0.28
2014-06-30 -1.25 0.32
2014-03-31 -1.46 0.36
2013-12-31 -1.47 0.44
2013-09-30 -0.56 0.40
2013-06-30 -0.63 0.46
2013-03-31 -0.64 0.59
2012-12-31 -0.82 0.68
2012-09-30 -1.11 0.94
2012-06-30 -1.50 1.24
2012-03-31 -1.62 1.38

*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 Goldex Resources 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 Goldex 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 Goldex Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Goldex 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.
Goldex 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.

GDX Health

 How is Goldex 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 Goldex Resources's finances.

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

TSXV:GDX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.92 1.21 0.02
2018-06-30 -0.80 1.39 0.05
2018-03-31 -0.74 1.23 0.02
2017-12-31 -0.64 1.05 0.01
2017-09-30 -0.88 1.19 0.01
2017-06-30 -0.70 1.04 0.01
2017-03-31 -0.77 1.16 0.02
2016-12-31 -0.66 1.11 0.02
2016-09-30 -0.50 1.10 0.12
2016-06-30 -0.47 1.07 0.07
2016-03-31 0.67 0.00 0.04
2015-12-31 -0.94 0.00 0.06
2015-09-30 0.67 0.92 0.02
2015-06-30 0.82 0.80 0.00
2015-03-31 0.88 0.75 0.01
2014-12-31 1.05 1.09 0.01
2014-09-30 1.51 0.59 0.00
2014-06-30 1.62 0.56 0.01
2014-03-31 1.66 0.55 0.04
2013-12-31 1.71 0.51 0.01
2013-09-30 2.79 0.48 0.00
2013-06-30 2.88 0.48 0.02
2013-03-31 3.05 0.35 0.02
2012-12-31 3.15 0.31 0.02
2012-09-30 3.25 0.28 0.01
2012-06-30 3.41 0.23 0.05
2012-03-31 3.59 0.23 0.26
  • Goldex Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Goldex Resources'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.

  • Goldex Resources has less than a year of cash runway based on current free cash flow.
  • Goldex Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -8.6% each year.
X
Financial health checks
We assess Goldex 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. Goldex Resources has a total score of 0/6, 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.

GDX Dividends

 What is Goldex 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 Goldex Resources dividends.
If you bought CA$2,000 of Goldex 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 Goldex Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Goldex 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:GDX 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 Goldex Resources has not reported any payouts.
  • Unable to verify if Goldex Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Goldex Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Goldex 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 Goldex 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 Goldex Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Goldex 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.

GDX Management

 What is the CEO of Goldex 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
Chuck Ross
COMPENSATION CA$96,000
TENURE AS CEO 1.2 years
CEO Bio

Mr. Charles Edward Ross, also known as Chuck, has been the Chief Financial Officer of Halio Energy Inc (formerly, Everest Ventures Inc.) since April 29, 2016. Mr. Ross serves as Corporate Secretary, Chief Financial Officer and Vice President of Corporate Development of Norzan Enterprises Ltd. Mr. Ross serves as Chief Financial Officer and Secretary of Tearlach Resources Ltd. Mr. Ross has been the President of Goldex Resources Corporation since August 2007 and also serves as the Chief Executive Officer for the same since January 2018. He served as Chief Financial Officer of Goldex Resources Corporation until April 13, 2018. Mr. Ross has more than 20 years' experience in the international resource sector, much of it focused on senior and financial management. He served as a director or officer, including President or Chief Financial Officer, of numerous public resource companies and has extensive experience in corporate finance and public company administration. Mr. Ross served as the Chief Financial Officer and Secretary of Peninsula Resources Ltd. Mr. Ross served as Group Director of Canada Region at Drillsearch Energy, Ltd. Mr. Ross worked in finance for the last 15 years. During the past 10 years, he has been assembling strong teams to build strong companies. He served as the Chief Financial Officer and Secretary of Tower Resources Ltd. (also known as Tower Energy Ltd.) until September 15, 2010. His primary area of expertise has been the resource sector and began his career in mergers and acquisitions in Europe. Having been a Corporate Secretary and Director of several resource companies, he has extensive knowledge of securities, administration and finance. He served as Secretary of Goldex Resources Corporation. He served as a Secretary of Canadian Coyote Energy Ltd. from 1990 to November 2008 and also served as its President from October 21, 2007 to November 2008 and Chief Financial Officer November 2006 to November 2008. He also served as the Chief Executive Officer of Canadian Coyote Energy Ltd. since October 2007. He served as a Secretary of Arizona Mining Inc. (also known as Wildcat Silver Corporation). He served as the Chief Executive Officer of Goldex Resources Corporation. and also served as its Interim President from August 2007 to October 2007. He served as the Chief Financial Officer and Secretary of American Lithium Minerals, Inc. Mr. Ross has been a Director of Norzan Enterprises Ltd. since July 11, 1992 and Tearlach Resources Ltd. since December 6, 1996. He serves as a Director of Seacrest Development Corp. He has been a Director of Goldex Resources Corporation since June 29, 2001 and Halio Energy Inc. since April 29, 2016. He served as a Director of Peninsula Resources Ltd. since September 25, 2007. He served as an Executive Director of Tower Resources Ltd. from August 8, 2001 to September 15, 2010. Mr. Ross served as a Director of Canadian Coyote Energy Ltd. from December 1991 to October 2008. He served as a Director of American Lithium Minerals, Inc. since September 2007. He served as a Director of Arizona Mining Inc. since December 2001.

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

Average tenure of the Goldex Resources management team in years:

1.2
Average Tenure
  • The average tenure for the Goldex Resources management team is less than 2 years, this suggests a new team.
Management Team

Chuck Ross

TITLE
CEO, President & Director
COMPENSATION
CA$96K
TENURE
1.2 yrs

Larry Kornze

TITLE
VP of Exploration & Director
AGE
68
TENURE
11.4 yrs

Kiki Smith

TITLE
Chief Financial Officer
TENURE
0.9 yrs

Rae Mancao

TITLE
Secretary

Richard Bybee

TITLE
Senior Executive Geologist

Clancy Wendt

TITLE
Geological Advisor
AGE
79
Board of Directors Tenure

Average tenure of the Goldex Resources board of directors in years:

12.8
Average Tenure
  • The average tenure for the Goldex Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Chuck Ross

TITLE
CEO, President & Director
COMPENSATION
CA$96K
TENURE
17.8 yrs

Larry Kornze

TITLE
VP of Exploration & Director
AGE
68
TENURE
12.8 yrs

James Ravannack

TITLE
Director
TENURE
15.3 yrs

Marc Bamber

TITLE
Director
TENURE
7.8 yrs

Ray Strafehl

TITLE
Director
TENURE
3.3 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$) Value (CA$)
01. Jan 19 Buy RedLine Minerals Inc. Company 27. Dec 18 27. Dec 18 100,000 CA$0.12 CA$11,500
17. Dec 18 Buy Raymond Strafehl Individual 13. Dec 18 17. Dec 18 28,000 CA$0.14 CA$3,924
07. Sep 18 Buy Raymond Strafehl Individual 05. Sep 18 05. Sep 18 18,000 CA$0.28 CA$5,040
20. Aug 18 Buy RedLine Minerals Inc. Company 17. Aug 18 17. Aug 18 90,000 CA$0.50 CA$45,000
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Management checks
We assess Goldex 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. Goldex 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.

GDX News

Simply Wall St News

Before You Buy Goldex Resources Corporation's (CVE:GDX), Consider This

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Goldex Resources has a beta of 1.33, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

Simply Wall St -

Why Goldex Resources Corporation's (CVE:GDX) Investor Composition Impacts Your Returns

In this article, I will take a quick look at Goldex Resources Corporation’s (TSXV:GDX) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … See our latest analysis for Goldex Resources TSXV:GDX Ownership_summary Mar 12th 18 Insider Ownership Another important group of shareholders are company insiders.

Simply Wall St -

Should You Invest In The Basic Materials Stock Goldex Resources Corporation (CVE:GDX)?

Goldex Resources Corporation (TSXV:GDX), a CADCA$6.74M small-cap, is a metals and mining operating in an industry which supplies materials for construction. … Today, I will analyse the industry outlook, and also determine whether Goldex Resources is a laggard or leader relative to its basic materials sector peers. … If Goldex Resources has been on your watchlist for a while, now may be the time to enter into the stock, if you like its ability to deliver growth and are not highly concentrated in the metals and mining industry.

Simply Wall St -

How Does Goldex Resources Corporation (CVE:GDX) Affect Your Portfolio Returns?

If you are looking to invest in Goldex Resources Corporation’s (TSXV:GDX), 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. … Based on this beta value, GDX may be a stock for investors with a portfolio mainly made up of low-beta stocks. … I test GDX’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

Who Are Goldex Resources Corporation's (TSXV:GDX) Major Shareholders?

However, a higher level of insider ownership has been linked to management executing on high-returning projects instead of expansion projects for the sake of apparent growth. … General Public Ownership The general public holds a substantial 99.99% stake in GDX, making it a highly popular stock among retail investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

GDX Company Info

Description

Goldex Resources Corporation, a junior resource company, engages in the acquisition and exploration of gold properties in Canada, Guatemala, and Mexico. It owns a 100% interest in the El Pato Property that covers an area of approximately 65 square kilometers located in the southeastern Guatemala, Central America. The company was incorporated in 1987 and is headquartered in Vancouver, Canada.

Details
Name: Goldex Resources Corporation
GDX
Exchange: TSXV
Founded: 1987
CA$1,377,289
13,117,039
Website: http://www.goldex.ca
Address: Goldex Resources Corporation
1177 West Hastings Street,
Suite 2300,
Vancouver,
British Columbia, V6E 2K3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GDX Common Shares TSX Venture Exchange CA CAD 22. Sep 1989
OTCPK GDXR.F Common Shares Pink Sheets LLC US USD 22. Sep 1989
DB G6T2 Common Shares Deutsche Boerse AG DE EUR 22. Sep 1989
Number of employees
Current staff
Staff numbers
0
Goldex Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:44
End of day share price update: 2019/03/20 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.