GGL Resources Past Earnings Performance

Past criteria checks 0/6

GGL Resources's earnings have been declining at an average annual rate of -12.5%, while the Metals and Mining industry saw earnings growing at 22.5% annually.

Key information

-12.5%

Earnings growth rate

11.0%

EPS growth rate

Metals and Mining Industry Growth	27.4%
Revenue growth rate	n/a
Return on equity	-5.5%
Net Margin	n/a
Last Earnings Update	31 Aug 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How GGL Resources makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSXV:GGL Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Aug 24	0	0	0	0
31 May 24	0	0	0	0
29 Feb 24	0	0	0	0
30 Nov 23	0	0	0	0
31 Aug 23	0	-2	0	0
31 May 23	0	-2	0	0
28 Feb 23	0	-2	0	0
30 Nov 22	0	-2	0	0
31 Aug 22	0	0	0	0
31 May 22	0	0	0	0
28 Feb 22	0	0	0	0
30 Nov 21	0	0	0	0
31 Aug 21	0	0	0	0
31 May 21	0	0	0	0
28 Feb 21	0	0	0	0
30 Nov 20	0	0	0	0
31 Aug 20	0	-1	0	0
31 May 20	0	-1	0	0
29 Feb 20	0	-1	0	0
30 Nov 19	0	-1	0	0
31 Aug 19	0	0	0	0
31 May 19	0	0	0	0
28 Feb 19	0	0	0	0
30 Nov 18	0	-1	0	0
31 Aug 18	0	0	0	0
31 May 18	0	0	0	0
28 Feb 18	0	0	0	0
30 Nov 17	0	0	0	0
31 Aug 17	0	0	0	0
31 May 17	0	0	0	0
28 Feb 17	0	0	0	0
30 Nov 16	0	0	0	0
31 Aug 16	0	0	0	0
31 May 16	0	0	0	0
29 Feb 16	0	0	0	0
30 Nov 15	0	0	0	0
31 Aug 15	0	0	0	0
31 May 15	0	0	0	0
28 Feb 15	0	0	0	0
30 Nov 14	0	0	0	0
31 Aug 14	0	-1	0	0
31 May 14	0	-2	0	0
28 Feb 14	0	-2	0	0

Quality Earnings: GGL is currently unprofitable.

Growing Profit Margin: GGL is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GGL is unprofitable, and losses have increased over the past 5 years at a rate of 12.5% per year.

Accelerating Growth: Unable to compare GGL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GGL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (19.8%).

Return on Equity

High ROE: GGL has a negative Return on Equity (-5.52%), as it is currently unprofitable.

GGL Resources Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Recent updates

New major risk - Financial position

GGL Resources Corp. announced that it has received CAD 0.3 million in funding

GGL Resources Corp. announced that it expects to receive CAD 0.3 million in funding

GGL Resources Corp. announced that it has received CAD 0.3 million in funding from Dave Kelsch Consulting Ltd., Strategic Metals Ltd., ECEE Money Limited

New major risk - Financial position

Ggl Resources Corp. Announces the Results of an Induced Polarization/Resistivity Survey At the Road-Accessed Le Champ Copper- Molybdenum-Gold Porphyry Target, on Its 100% Owned West Gold Point Project in the Walker Lane Trend of Western Nevada

GGL Resources Corp., Annual General Meeting, May 17, 2024

Insufficient new directors

GGL Resources Corp. announced that it expects to receive CAD 0.3 million in funding

Insufficient new directors

Ggl Resources Corp. Announces Results from the Fall 2023 Exploration Program and Expansion of Its Gold Point Project, Nevada

Insufficient new directors

GGL Resources Corp., Annual General Meeting, Dec 28, 2023

Insufficient new directors

GGL Resources Corp. announced that it has received CAD 0.9 million in funding from Strategic Metals Ltd. and other investors

New minor risk - Shareholder dilution

GGL Resources Corp. announced that it has received CAD 0.9 million in funding from Strategic Metals Ltd. and other investors

GGL Resources Corp. announced that it expects to receive CAD 0.9 million in funding

WestKam Gold Corp. (TSXV:WKG) signed a definitive agreement to acquire McConnell Property In northwestern British Columbia from GGL Resources Corp. (TSXV:GGL).

WestKam Gold Corp. (TSXV:WKG) signed a definitive agreement to acquire McConnell Property In northwestern British Columbia from GGL Resources Corp. (TSXV:GGL).

GGL Resources Corp Discovers a Copper-Molybdenum-Gold Porphyry at its Gold Point Project, Nevada

Insufficient new directors

GGL Resources Corp. Samples 970 G/T Silver over 1.52 M from the Orleans Mine At Its Gold Point Project, Nevada

GGL Resources Corp. Announces High-Grade Gold Results from the Fall 2022 Underground Exploration and Surface Drilling Program At Gold Point Project in the Walker Lane Trend of Western Nevada

GGL Resources Corp. Completes Underground Exploration and Surface Drilling at its Gold Point Project, Nevada

Insufficient new directors

GGL Resources Corp. Commences Underground Exploration and Surface Drilling At Its Gold Point Project, Nevada

GGL Resources Corp., Annual General Meeting, Dec 07, 2022

GGL Resources Corp. Commences Exploration on Its McConnell Cu-Au Project, North-Central BC

GGL Resources Corp. Ready to Start the 2022 Drill Program At Its Gold Point Project, Nevada

Insufficient new directors

GGL Resources Corp. announced that it has received CAD 2.19074 million in funding from ECEE Money Limited, Strategic Metals Ltd., and other investors

Insufficient new directors

GGL Resources Corp. announced that it expects to receive CAD 2.04 million in funding

Ggl Resources Corp. Completes First Component of the 2022 Exploration Program At Its Gold Point Project, Nevada

GGL Resources Corp. Announces Chief Financial Officer Changes

GGL Resources Corp. Announces Chief Financial Officer Changes

GGL Resources Corp. (TSXV:GGL) acquired 100% interest in patented claims for $85 million.

Insufficient new directors

CEO & Director exercised options to buy CA$69k worth of stock.

CEO & Director exercised options to buy CA$67k worth of stock.

GGL Resources Corp. Commences Drilling At Gold Point, Nevada

GGL Resources Corp. Announces Initial Sampling Results from Gold Point, Nevada

New 90-day high: CA$0.32

New 90-day high: CA$0.23

GGL Resources Corp. Continues Field Work and Initiates Drill Permitting At Gold Point Project, Nevada

GGL Resources Corp. (TSXV:GGL) acquired Gold Point project, Nevada.

GGL Resources Corp. announced that it has received CAD 0.3 million in funding

GGL Resources Corp. announced that it expects to receive CAD 0.3 million in funding

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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