Westhaven Gold Corp.
TSXV:WHN Stock Report
Westhaven Gold Balance Sheet Health
Financial Health criteria checks 5/6 Westhaven Gold has a total shareholder equity of CA$33.5M and total debt of CA$76.4K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CA$35.5M and CA$2.0M respectively.
Key information Interest coverage ratio n/a Cash CA$1.16m Equity CA$33.50m Total liabilities CA$2.02m Total assets CA$35.53m
Recent financial health updates
Show all updates Westhaven Gold Corp. announced that it has received CAD 6.000005 million in funding Oct 18
Westhaven Gold Corp. announced that it expects to receive CAD 5 million in funding Sep 26
Westhaven Gold Announces CFO Changes Sep 17
New major risk - Financial position Sep 01
Westhaven Gold Corp. Provides an Exploration Update on its Prospect Valley Property Aug 28
Westhaven Gold Corp. Provides an Exploration Update At its Shovelnose Gold Property Aug 26
Westhaven Gold Corp. (TSXV:WHN) entered into purchase agreement to acquire 12 claims covering 23,550 hectares in Shovelnose gold property from Talisker Resources Ltd. (TSX:TSK) for CAD 0.32 million. Aug 23 Westhaven Gold Corp. announced that it expects to receive CAD 1.61 million in funding Jun 13
Westhaven Gold Corp. Provides an Exploration Update on the Shovelnose Gold Property; Discovers a New Vein Zone at Carmi Jun 05
New major risk - Financial position Jun 04
Westhaven Gold Corp., Annual General Meeting, Jun 24, 2024 Apr 12 Westhaven Gold Corp. announced that it has received CAD 1.823022 million in funding Mar 29
Westhaven Gold Corp. Commences Drilling at its Shovelnose Gold Project Mar 20
New minor risk - Shareholder dilution Mar 11 Westhaven Gold Corp. announced that it expects to receive CAD 2.3 million in funding Feb 21
Westhaven Gold Corp. Receives 650 Drill Hole Permit on Its 100% Owned 17,623-Hectare Shovelnose Gold Property Feb 01
Westhaven Gold Corp. Announces Board Changes Jan 29
Westhaven Gold Corp. Provides an Update from its 2023 Exploration Programs Across the Spences Bridge Gold Belt Jan 11
Westhaven Gold Corp. Provides an Exploration Update on Its 17,623-Hectare Shovelnose Gold Property Sep 26
Price target increased by 11% to CA$1.03 Jul 21
Westhaven Gold Corp. Reports the Completion of a Preliminary Economic Assessment at its 100% Owned 17,623-Hectare Shovelnose Gold Property Jul 21
Westhaven Gold Corp. Provides an Update on Its Skoonka North Program: Assays 1,720 Pb Gold in Silt Sample Jul 13
Westhaven Gold Corp., Annual General Meeting, Sep 22, 2023 Jul 06
Westhaven Gold Corp. Announces Drill Results from Its Drill Campaign At Its 100% Owned 17,623-Hectare Shovelnose Gold Property Jan 18
Westhaven Gold Corp. Drills 5.66 Metres of 6.83 G/T Gold and 1.90 Metres of 21.15 G/T Gold At the Skoonka Creek Gold Property Jan 10
Westhaven Gold Corp. Completes Its Inaugural Drill Program at Skoonka Creek Gold Property; Extends Vein Zone by 940 Metres Nov 22
Price target decreased to CA$0.93 Nov 16
Westhaven Gold Corp. Announces the Drill Results Nov 09
Westhaven Gold Corp. Commences Drill Program At Skoonka Creek Gold Property Oct 27
Price target decreased to CA$0.93 Oct 22 Westhaven Gold Corp. announced that it has received CAD 1 million in funding from Franco-Nevada Corporation and other investors Oct 07
Westhaven Gold Corp. announced that it expects to receive CAD 1 million in funding from Franco-Nevada Corporation Sep 16
Westhaven Gold Corp. announced that it expects to receive CAD 1 million in funding from Franco-Nevada Corporation Sep 15
Westhaven Gold Corp. Announces Drill Results from Its Ongoing Drill Campaign Sep 09 Westhaven Gold Corp. announced that it has received CAD 4.285533 million in funding Jul 30
Westhaven Gold Corp. announced that it expects to receive CAD 3 million in funding Jul 26
Westhaven Gold Corp. Announces Drill Results from its Ongoing Drill Campaign at its 100% Owned 17,623-Hectare Shovelnose Gold Property Jun 28
Westhaven Gold Corp. Announces Drill Results from Its Ongoing Drill Campaign At Its 100% Owned 17,623-Hectare Shovelnose Gold Property Jun 07
Chairman recently bought CA$86k worth of stock Apr 27
Coast Copper Corp. (TSXV:COCO) acquired The Shovelnose South property from Westhaven Gold Corp. (TSXV:WHN). Apr 12
Westhaven Gold Corp. Drills At the FMN Zone, Shovelnose Gold Property Apr 07
Westhaven Drills 3.13 Metres of 45.23 g/t Gold and 195.64 g/t Silver Within 8.00 Metres of 20.22 g/t Gold and 83.97 g/t Silver at the Shovelnose Gold Property Feb 24
Westhaven Drills 4.00 Metres of 6.04 G/T Gold and 20.42 G/T Silver Within 129.00 Metres of 0.62 G/T Gold and 2.10 G/T Silver at the Shovelnose Gold Property Feb 16
Westhaven Gold Corp. Announces Drill Results from Its Ongoing, Fully-Financed Drill Campaign At Its 100% Owned 17,623-Hectare Shovelnose Gold Property Jan 18
Westhaven Gold Completes Initial Mineral Resource Estimate of 841,000 Indicated Ounces at 2.47 g/t Gold Equivalent and 277,000 Inferred Ounces at 0.94 g/t Gold Equivalent on the Shovelnose Gold Property Jan 12
Westhaven Gold Corp. Temporarily Halts Drilling on Shovelnose Nov 24
Less than half of directors are independent Nov 17
We Think Westhaven Gold (CVE:WHN) Needs To Drive Business Growth Carefully Jul 23
Westhaven Gold Corp. Announces Drill Results from Ongoing Drill Campaign At Shovelnose Gold Property Jun 02
Westhaven Gold Corp. Announces Drill Results from Ongoing Drill Campaign At 17,623-Hectare Shovelnose Gold Property May 13
Westhaven Gold Corp. Reports Final Drill Results from its 2020 Drill Campaign and Provides Update on Current Drill Program at its Shovelnose Gold Property Mar 14
Westhaven Provides Exploration and Drill Program Objectives for 2021 Mar 05
Westhaven Gold Corp. has completed a Composite Units Offering in the amount of CAD 13.013 million. Mar 04
New 90-day low: CA$0.67 Mar 03
Westhaven Gold Corp. Adds Second Drill Rig to its Shovelnose Gold Property Feb 19
Westhaven Resumes Drilling at its Shovelnose Gold Property Feb 05
New 90-day low: CA$0.77 Jan 15
Westhaven Gold Corp. Announce Assay Results from Its Ongoing Drill Program At Its 17,623-Hectare Shovelnose Gold Property Dec 15
Westhaven Gold Corp. Announces Additional High-Grade Gold Drill Intercepts from Its Ongoing Drill Program At Its 17,623-Hectare Shovelnose Gold Property Oct 20
Westhaven Gold Corp. Commences A Ground Geophysics Program on Its 10,927 Hectare Prospect Valley Gold Property Oct 15
Westhaven Gold Corp. Announces Drill Results from First Hole at Newly Discovered Franz Zone, Part of the 17,623-Hectare Shovelnose Gold Property Sep 26
New 90-day high: CA$1.19 Sep 25
Westhaven Gold Corp. Provides an Exploration Update at its 17,623-Hectare Shovelnose Gold Property Sep 20
Financial Position Analysis
Short Term Liabilities: WHN's short term assets (CA$1.7M) exceed its short term liabilities (CA$1.2M).
Long Term Liabilities: WHN's short term assets (CA$1.7M) exceed its long term liabilities (CA$823.2K).
Debt to Equity History and Analysis
Debt Level: WHN has more cash than its total debt.
Reducing Debt: WHN's debt to equity ratio has increased from 0% to 0.2% over 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.
Stable Cash Runway: WHN has sufficient cash runway for 2 months based on last reported free cash flow , but has since raised additional capital.
Forecast Cash Runway: WHN is forecast to have sufficient cash runway for 2 months based on free cash flow estimates , but has since raised additional capital.
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