Labrador Gold Balance Sheet Health

Financial Health criteria checks 4/6

Labrador Gold has a total shareholder equity of CA$48.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$50.1M and CA$1.5M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$7.61m
Equity	CA$48.58m
Total liabilities	CA$1.50m
Total assets	CA$50.07m

Recent financial health updates

Recent updates

Will Labrador Gold (CVE:LAB) Spend Its Cash Wisely?

Jun 15

We Think Labrador Gold (CVE:LAB) Needs To Drive Business Growth Carefully

Feb 23

Here's Why We're Watching Labrador Gold's (CVE:LAB) Cash Burn Situation

Sep 02

We're Hopeful That Labrador Gold (CVE:LAB) Will Use Its Cash Wisely

Jan 01

We Think Labrador Gold (CVE:LAB) Can Afford To Drive Business Growth

Sep 04

Financial Position Analysis

Short Term Liabilities: LAB's short term assets (CA$8.1M) exceed its short term liabilities (CA$679.0K).

Long Term Liabilities: LAB's short term assets (CA$8.1M) exceed its long term liabilities (CA$817.8K).

Debt to Equity History and Analysis

Debt Level: LAB is debt free.

Reducing Debt: LAB has not had any debt for past 5 years.

Balance Sheet

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.

Stable Cash Runway: LAB has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LAB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.1% each year

Labrador Gold Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Will Labrador Gold (CVE:LAB) Spend Its Cash Wisely?

We Think Labrador Gold (CVE:LAB) Needs To Drive Business Growth Carefully

Here's Why We're Watching Labrador Gold's (CVE:LAB) Cash Burn Situation

We're Hopeful That Labrador Gold (CVE:LAB) Will Use Its Cash Wisely

We Think Labrador Gold (CVE:LAB) Can Afford To Drive Business Growth

Recent updates

New minor risk - Share price stability

Labrador Gold Corp., Annual General Meeting, May 16, 2024

Labrador Gold Corp. Announces the Results of the 2023 Exploration Program at its 100% Owned Hopedale Project in Labrador

New major risk - Revenue and earnings growth

Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appleton Fault Zone

Insufficient new directors

Labrador Gold Corp. (TSXV:LAB) acquired Hopedale Property in east-central Labrador.

Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appletonault Zone

Labrador Gold Corp. Reports High Grade Gold Assays Up to 30.58g/t Au Between Big Vein and Golden Glove

Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appleton Fault Zone

Will Labrador Gold (CVE:LAB) Spend Its Cash Wisely?

We Think Labrador Gold (CVE:LAB) Needs To Drive Business Growth Carefully

Labrador Gold Corp., Annual General Meeting, Apr 03, 2023

Labrador Gold Corp. Announces High-Grade Gold and Copper Assays From Hopedale Project Including 21.59 g/t Au From TD500 and 10.2% Cu From Kaapak

Labrador Gold Corp. Intersects 20.88 G/T Au over 5 Metres At Big Vein, Kingsway Project

Independent Director recently sold CA$115k worth of stock

Labrador Gold Intersects 23.44g/t Au over 1.27 Metres At Big Vein Southwest

Independent Director recently sold CA$83k worth of stock

Labrador Gold Corp. Announces Drilling Results from 100,000 Metre Diamond Drilling Program At Its 100% Owned Kingsway Project

Labrador Gold Corp., Annual General Meeting, Dec 12, 2022

Labrador Gold Corp. Announces Results from Drilling Targeting Prospective Appleton Fault Zone over 12 Km Strike Length

Here's Why We're Watching Labrador Gold's (CVE:LAB) Cash Burn Situation

Forecast to breakeven in 2022

Labrador Gold Announces Assays Up to 479.5G/T Au in Surface Samples from Golden Glove

Labrador Gold Corp. Announces New High Grade Intercept from Drilling At Southwest End of Big Vein Zone and Updates on Drilling At Golden Glove and Midway At Kingsway Project

Labrador Gold Corp. Announces Drilling Continues at Kingsway with Four Drill Rigs

Labrador Gold Corp. Announces Results from Seven Drill Holes, Including the First Hole Drilled At the Golden Glove Target in the South End of Its 100% Owned Kingsway Project Near Gander, Newfoundland

Labrador Gold Corp. Announces the Continued Extension of the Big Vein Zone to the Southwest with an Intersection Near Surface Gold Mineralization from Initial Diamond Drilling of the Pristine Target At Its 100% Controlled Kingsway Project Near Gander, Newfoundland

Labrador Gold Corp. Announces New Discovery of Near Surface Gold At Midway 2.7Km North of Big Vein

Labrador Gold Intersects 6.07 g/t Au Over 19 Metres at the Big Vein Target, Kingsway Property

Labrador Gold Corp Extends High-Grade Gold Mineralization to 250m Southwest of Big Vein Discovery

Labrador Gold Corp. Receives Drill Permit for Golden Glove and Mobilizes Fifth Drill Rig

Labrador Gold Corp. Announces Doubling of Drill Program to 100,000 Metres and Increase to Five Drill Rigs

Labrador Gold Corp. Intersects 50.52 G/T Gold over 2 Metres At Kingsway

We're Hopeful That Labrador Gold (CVE:LAB) Will Use Its Cash Wisely

Labrador Gold Corp. to Continue to Explore the Entire 12Km Strike Length of the Appleton Fault Zone During 2022

Labrador Gold Samples 338 G/T Au in New Discovery At Golden Glove 3.5Km South of Big Vein

We Think Labrador Gold (CVE:LAB) Can Afford To Drive Business Growth

Labrador Gold Announces Till Results Including 311 Mostly Pristine Gold Grains

Insider recently bought CA$821k worth of stock

Labrador Gold Corp. Intercepts 50.38 g/t Over 1.85 Metres Including 160.42 g/t Over 0.55 Metres at Big Vein, Kingsway Project, Newfoundland

Labrador Gold Corp. Doubles Number of Drill Rigs to Four and Increases Drilling Program to 50,000 Metres at Kingsway

Labrador Gold Intercepts 20.6 g/t Over 3.6 Metres and 10.48 g/t Over 2.4 Metres at Big Vein Visible Gold Intersected in Four Drill Holes

Labrador Gold Corp. Announces Initial Assays from the First Two Holes of the 20,000 Metre Diamond Drill Program At Its 100% Controlled Kingsway Gold Project Near Gander, Newfoundland

Labrador Gold Corp. Announces Additional Drill and Doubling of Program to 20,000 Metres at Kingsway Project

Labrador Gold Corp. announced that it has received CAD 9.8 million in funding from New Found Gold Corp. and another investor

Labrador Gold Provides Exploration Update

New 90-day low: CA$0.32

Labrador Gold Corp., Annual General Meeting, Apr 23, 2021

Labrador Gold Corp. Announces Initial 10,000 Metre Drill Program to Test High-Grade Gold Target at Kingsway, Newfoundland

Labrador Gold Confirms High-Grade Gold Target At Kingsway

Labrador Gold Corp. Appoints Quinton Hennigh to the Advisory Board

Labrador Gold Corp. Announces Initial Results from Kingsway RAB Drilling

Labrador Gold Corp. Announces the Results of Initial Sampling from the Area of Visible Gold in Quartz Vein At Its Kingsway Project Near Gander, Newfoundland

Labrador Gold Announces High Grade Gold in Soil Samples At Kingsway Property

Labrador Gold Corp. Updates Exploration Activity At Kingsway

Labrador Gold Announces Discovery of Visible Gold in Quartz Vein At Kingsway

New 90-day low: CA$0.33

Labrador Gold Corp. Begins Drilling At Its Kingsway Project Near Gander Newfoundland

Labrador Gold Corp. Announces Mobilization of Drill to Kingsway Property

Labrador Gold Corp. Announces Start of CSAMT Geophysical Survey at Kingsway Project Near Gander Newfoundland

Labrador Gold Corp. announced that it expects to receive CAD 4.05 million in funding from Palisades Goldcorp Ltd.

Labrador Gold Corp. Announces Initial Results of Soil Sampling at Kingsway Property

Labrador Gold Corp. Appoints Matthieu Lapointe as VP Exploration

New 90-day high - CA$0.43

Labrador Gold Corp. announced that it has received CAD 5.3 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis