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Goldquest Mining

TSXV:GQC
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GQC
TSXV
CA$24M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Goldquest Mining Corp., together with its subsidiaries, identifies, acquires, and explores for mineral properties in the Dominican Republic. The last earnings update was 23 days ago. More info.


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  • Goldquest Mining has significant price volatility in the past 3 months.
GQC Share Price and Events
7 Day Returns
0%
TSXV:GQC
-1.7%
CA Metals and Mining
0.6%
CA Market
1 Year Returns
-56.8%
TSXV:GQC
-15.2%
CA Metals and Mining
-1.2%
CA Market
GQC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goldquest Mining (GQC) 0% 5.6% -32.1% -56.8% -72.1% -66.1%
CA Metals and Mining -1.7% -4.7% -8.7% -15.2% -14.9% -20.5%
CA Market 0.6% -1.6% 1.6% -1.2% 12.2% 5.5%
1 Year Return vs Industry and Market
  • GQC underperformed the Metals and Mining industry which returned -15.2% over the past year.
  • GQC underperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
GQC
Industry
5yr Volatility vs Market

Value

 Is Goldquest Mining 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 Goldquest Mining. This is due to cash flow or dividend data being unavailable. The share price is CA$0.095.
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 Goldquest Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goldquest Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GQC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.02
TSXV:GQC Share Price ** TSXV (2019-05-23) in CAD CA$0.1
Canada Metals and Mining Industry PE Ratio Median Figure of 112 Publicly-Listed Metals and Mining Companies 12.94x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.02x

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

** Primary Listing of Goldquest Mining.

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

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

= 0.1 ÷ -0.02

-3.94x

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

  • Goldquest Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Goldquest Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Goldquest Mining's expected growth come at a high price?
Raw Data
TSXV:GQC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-32%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.61x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.17x

*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 Goldquest Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Goldquest Mining's assets?
Raw Data
TSXV:GQC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.07
TSXV:GQC Share Price * TSXV (2019-05-23) in CAD CA$0.1
Canada Metals and Mining Industry PB Ratio Median Figure of 1,090 Publicly-Listed Metals and Mining Companies 1.29x
Canada Market PB Ratio Median Figure of 2,403 Publicly-Listed Companies 1.44x
TSXV:GQC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.1 ÷ 0.07

1.34x

* Primary Listing of Goldquest Mining.

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

  • Goldquest Mining is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Goldquest Mining'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. Goldquest Mining 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 Goldquest Mining expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-32%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Goldquest Mining expected to grow at an attractive rate?
  • Unable to compare Goldquest Mining's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Goldquest Mining's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Unable to compare Goldquest Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GQC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:GQC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -32%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*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:GQC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:GQC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 -20 -24
2020-12-31 -20 -24
2019-12-31 -15 -19
TSXV:GQC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -4 -6
2018-09-30 -5 -6
2018-06-30 -6 -8
2018-03-31 -8 -10
2017-12-31 -7 -10
2017-09-30 -8 -11
2017-06-30 -7 -11
2017-03-31 -7 -10
2016-12-31 -7 -9
2016-09-30 -6 -7
2016-06-30 -5 -5
2016-03-31 -5 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Goldquest Mining is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if Goldquest Mining 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:GQC 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 1 Analyst Estimates (S&P Global) See Below

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

TSXV:GQC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.10 -0.10 -0.10 1.00
2020-12-31 -0.10 -0.10 -0.10 1.00
2019-12-31 -0.07 -0.07 -0.07 1.00
TSXV:GQC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.05
2017-06-30 -0.05
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.04
2016-06-30 -0.03
2016-03-31 -0.03

*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 Goldquest Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Goldquest Mining'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.
Goldquest Mining 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 Goldquest Mining 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 Goldquest Mining'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.
  • Goldquest Mining does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Goldquest Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Goldquest Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Goldquest Mining'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 Goldquest Mining Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GQC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -6.15 4.94
2018-09-30 -5.99 5.95
2018-06-30 -7.79 7.68
2018-03-31 -9.92 9.74
2017-12-31 -10.44 10.06
2017-09-30 -11.22 10.80
2017-06-30 -11.08 10.73
2017-03-31 -9.53 9.13
2016-12-31 -8.90 8.46
2016-09-30 -7.37 6.91
2016-06-30 -5.36 5.12
2016-03-31 -5.00 4.70
2015-12-31 -4.95 4.89
2015-09-30 -5.06 4.66
2015-06-30 -6.20 5.52
2015-03-31 -6.78 5.86
2014-12-31 -7.03 6.11
2014-09-30 -6.86 6.44
2014-06-30 -7.15 6.60
2014-03-31 -7.31 7.31
2013-12-31 -8.01 7.98
2013-09-30 -9.09 9.17
2013-06-30 -9.33 9.58
2013-03-31 -8.59 8.71
2012-12-31 -6.89 6.87
2012-09-30 -5.37 6.20
2012-06-30 -3.91 4.41

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Goldquest Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Goldquest Mining has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Goldquest Mining'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.
  • Low level of unsold assets.
  • Goldquest Mining has no debt, it does not need to be 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 Goldquest Mining Company Filings, last reported 4 months ago.

TSXV:GQC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 18.24 0.00 18.51
2018-09-30 19.94 0.00 18.75
2018-06-30 20.75 0.00 19.53
2018-03-31 21.81 0.00 20.59
2017-12-31 23.06 0.00 22.00
2017-09-30 24.63 0.00 23.88
2017-06-30 26.48 0.00 25.78
2017-03-31 28.72 0.00 28.02
2016-12-31 7.54 0.00 6.29
2016-09-30 9.43 0.00 8.85
2016-06-30 10.72 0.00 9.71
2016-03-31 5.30 0.00 4.17
2015-12-31 5.80 0.00 4.53
2015-09-30 3.70 0.00 2.32
2015-06-30 4.30 0.00 3.19
2015-03-31 5.65 0.00 4.91
2014-12-31 7.12 0.00 5.72
2014-09-30 7.63 0.00 6.97
2014-06-30 9.41 0.00 8.23
2014-03-31 11.77 0.00 9.74
2013-12-31 13.34 0.00 10.97
2013-09-30 13.94 0.00 12.15
2013-06-30 15.60 0.00 13.97
2013-03-31 17.42 0.00 16.36
2012-12-31 19.92 0.00 18.21
2012-09-30 21.82 0.00 20.20
2012-06-30 8.37 0.00 6.47
  • Goldquest Mining has no debt.
  • Goldquest Mining has not taken on any debt in the past 5 years.
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.

  • Goldquest Mining has sufficient cash runway for more than 3 years based on current free cash flow.
  • Goldquest Mining has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 3.3% each year.
X
Financial health checks
We assess Goldquest Mining'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. Goldquest Mining has a total score of 6/6, 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 Goldquest Mining'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 Goldquest Mining dividends.
If you bought CA$2,000 of Goldquest Mining 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 Goldquest Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Goldquest Mining'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:GQC 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 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
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.

TSXV:GQC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Goldquest Mining has not reported any payouts.
  • Unable to verify if Goldquest Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Goldquest Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Goldquest Mining 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 Goldquest Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Goldquest Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Goldquest Mining 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 Goldquest Mining'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
Dave Massola
COMPENSATION CA$228,262
AGE 58
TENURE AS CEO 0.3 years
CEO Bio

Mr. David W. Massola, also known as Dave, B.Sc. (Acc.) has been Chief Executive Officer at GoldQuest Mining Corporation since January 15, 2019. Mr. Massola served as Vice President of Corporate Development for Goldquest Mining Corp. since October 13, 2016 until January 15, 2019. Mr. Massola has been Chief Financial Officer and Vice President of Finance at Fortune Minerals Limited since September 2016. With more than thirty years of experience in the mining industry in senior management roles for both large multinational companies and small producers, Mr. Massola has significant financial and administrative knowledge. He served as the Interim Chief Executive Officer and Chief Financial Officer since November 15, 2013 and October 21, 2013 respectively. He served as Executive Vice President of Colossus Minerals Inc. from October 21, 2013 to November 15, 2013, Chief Financial Officer since October 27, 2011 and Interim Chief Executive Officer since November 15, 2013. He served as the Chief Executive Officer and President of Continental Nickel Limited from June 27, 2011 to 2012. Mr. Massola served as the Chief Financial Officer of Globestar Mining Corporation from November 16, 2006 to 2011 and its Senior Vice President of Finance from January 21, 2009 to 2011. He served as Vice President of Finance at Globestar Mining Corporation from November 16, 2006 to January 23, 2009. Prior to joining GlobeStar in November 2006, Mr. Massola served as the Chief Financial Officer and Vice President of De Beers Canada, Inc. from August 2001 to 2006, where his responsibilities included arranging the debt facilities and the implementation of all accounting systems and financial controls for the Victor and Snap Lake mines. Mr. Massola served as the Chief Financial Officer and Secretary of Archangel Diamond Corp. until August 31, 2006. He spent 20 years at BHP Minerals (BHP-Billiton) in various positions in Canada, Chile and the United States. He served as Vice President of Finance of BHP Diamonds Inc. He served as Vice President of Finance of BHP's Ekati Diamond Mine from 1997 to 2001 and was responsible for all the financial aspects of the mine from the construction period through commercial production. Since 1989, Mr. Massola served as the Chief Accountant of the Island Copper Mine. Since 1992, Mr. Massola served as an Accounting Manager of the Escondida Copper Mine located in the Atacama region of Chile. Since 1994, he served as Treasury Manager of Escondida and was responsible for its project financing, cash management and exchange activities. He serves as a Director of Continental Nickel Limited. He served as an Independent Director of Everton Resources Inc. since May 20, 2011 until May 26, 2014. He served as a Director of Renforth Resources Inc. from October 18, 2007 to March 31, 2010. He graduated from San Francisco State University with BS in Accounting in 1981 and an MBA in 1984.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dave's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Goldquest Mining management team in years:

8.7
Average Tenure
59
Average Age
  • The average tenure for the Goldquest Mining management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dave Massola

TITLE
Chief Executive Officer
COMPENSATION
CA$228K
AGE
58
TENURE
0.3 yrs

Paul Robertson

TITLE
Chief Financial Officer
COMPENSATION
CA$321K
TENURE
8.7 yrs

David Hall

TITLE
Co-Founder
COMPENSATION
CA$56K
AGE
59

James Stephenson

TITLE
Legal Counsel

Laara Shaffer

TITLE
Corporate Secretary
AGE
70
TENURE
12.2 yrs
Board of Directors Tenure

Average tenure and age of the Goldquest Mining board of directors in years:

7.9
Average Tenure
53
Average Age
  • The tenure for the Goldquest Mining board of directors is about average.
Board of Directors

Bill Fisher

TITLE
Non-Executive Chairman
COMPENSATION
CA$861K
AGE
60
TENURE
8.2 yrs

Patrick Michaels

TITLE
Director
COMPENSATION
CA$348K
AGE
43
TENURE
7.9 yrs

Florian Siegfried

TITLE
Director
COMPENSATION
CA$348K
AGE
46
TENURE
7.9 yrs

Julio Espaillat

TITLE
Director
COMPENSATION
CA$575K
AGE
60
TENURE
8.1 yrs

Frank Balint

TITLE
Director
COMPENSATION
CA$168K
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
22. Jan 19 Buy Florian Siegfried Individual 22. Jan 19 22. Jan 19 52,000 CA$0.12 CA$5,980
01. Nov 18 Buy William Fisher Individual 01. Nov 18 01. Nov 18 150,000 CA$0.09 CA$13,500
26. Jul 18 Buy William Fisher Individual 26. Jul 18 26. Jul 18 7,000 CA$0.17 CA$1,155
25. Jul 18 Buy William Fisher Individual 25. Jul 18 25. Jul 18 10,000 CA$0.17 CA$1,700
X
Management checks
We assess Goldquest Mining'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. Goldquest Mining 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

Investors Who Bought Goldquest Mining (CVE:GQC) Shares Five Years Ago Are Now Down 68%

Goldquest Mining hasn't yet reported any revenue yet, so it's as much a business idea as a business. … It seems likely some shareholders believe that Goldquest Mining will find or develop a valuable new mine before too long. … Goldquest Mining has plenty of cash in the bank, with net cash sitting at CA$18m, when it last reported (September 2018).

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Can We See Significant Insider Ownership On The Goldquest Mining Corp (CVE:GQC) Share Register?

A look at the shareholders of Goldquest Mining Corp (CVE:GQC) can tell us which group is most powerful. … Goldquest Mining is a smaller company with a market capitalization of CA$31m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Goldquest Mining

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Should You Be Concerned About Goldquest Mining Corp's (CVE:GQC) Shareholders?

See our latest analysis for Goldquest Mining TSXV:GQC Ownership_summary May 7th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Public Company Ownership Potential investors in GQC should also look at another important group of investors: other public companies, with a stake of 14.97%, who are primarily invested because of strategic and capital gain interests.

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Does Goldquest Mining Corp (CVE:GQC) Fall With 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, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets. … However, this is the opposite to what GQC’s actual beta value suggests, which is higher stock volatility relative to the market.

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How Does Goldquest Mining Corp (CVE:GQC)’s Prospect Stack Up To Its Basic Material Peers?

Goldquest Mining Corp (TSXV:GQC), a CA$54.73M small-cap, is a metals and mining operating in an industry which is sensitive to changes in the business cycle, as it supplies materials for construction activities. … In this article, I’ll take you through the sector growth expectations, as well as evaluate whether Goldquest Mining is lagging or leading its competitors in the industry. … View our latest analysis for Goldquest Mining What’s the catalyst for Goldquest Mining's sector growth?

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Should You Buy Goldquest Mining Corp (CVE:GQC) Now?

A question to answer is whether Goldquest Mining's current trading price of CA$0.2 reflective of the actual value of the small-cap? … I find that Goldquest Mining’s ratio of 2.01x is trading slightly above its industry peers’ ratio of 1.09x, which means if you buy Goldquest Mining today, you’d be paying a relatively fair price for it. … And if you believe that Goldquest Mining should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value.

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When Will Goldquest Mining Corp (CVE:GQC) Turn A Profit?

In this article, I will touch on the expectations for GQC’s growth and when analysts expect the company to become profitable. … Check out our latest analysis for Goldquest Mining According to the industry analysts covering GQC, breakeven is near. … GQC currently has no debt on its balance sheet, which is quite unusual for a cash-burning metals and mining company, which usually has a high level of debt relative to its equity.

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How Should You Think About Goldquest Mining Corp's (CVE:GQC) Risks?

With a beta of 3.41, Goldquest Mining 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. … How GQC's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … However, this is the opposite to what GQC’s actual beta value suggests, which is higher stock volatility relative to the market.

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Is Goldquest Mining Corp's (CVE:GQC) CEO Pay Fair?

Therefore I will use earnings as a proxy of Fisher's performance in the past year. … In the situation of negative earnings, the company may be going through a period of reinvestment and growth, or it can be a sign of some headwind. … Usually I would look at market cap and earnings as a proxy for performance, however, GQC's negative earnings lower the usefulness of my formula.

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Goldquest Mining Corp (CVE:GQC): Is Now The Time To Bet On Basic Materials?

In this article, I’ll take you through the sector growth expectations, as well as evaluate whether Goldquest Mining is lagging or leading its competitors in the industry. … TSXV:GQC PE PEG Gauge Dec 30th 17 The metals and mining industry is trading at a PE ratio of 12x, below the broader Canadian stock market PE of 17x. … If your initial investment thesis is around the growth prospects of Goldquest Mining, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

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Company Info

Description

Goldquest Mining Corp., together with its subsidiaries, identifies, acquires, and explores for mineral properties in the Dominican Republic. The company explores for gold, copper, silver, and zinc deposits. It primarily owns a 100% interest in the Romero project comprising two mineral deposits covering an area of 3,997 hectares located to the south of the Central Cordillera of Hispaniola; and Tireo property, including 15 concessions totaling 20,838 hectares located in the province of San Juan de la Maguana, the Dominican Republic. Goldquest Mining Corp. was incorporated in 1989 and is headquartered in Toronto, Canada.

Details
Name: Goldquest Mining Corp.
GQC
Exchange: TSXV
Founded: 1989
CA$24,421,401
257,067,384
Website: http://www.goldquestcorp.com
Address: Goldquest Mining Corp.
133 Richmond Street West,
Suite 501,
Toronto,
Ontario, M5H 2L3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GQC Common Shares TSX Venture Exchange CA CAD 07. Jul 2004
OTCPK GDQM.F Common Shares Pink Sheets LLC US USD 07. Jul 2004
DB M1W Common Shares Deutsche Boerse AG DE EUR 07. Jul 2004
Number of employees
Current staff
Staff numbers
0
Goldquest Mining employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:55
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/04/30
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.