Scorpio Gold Past Earnings Performance

Past criteria checks 0/6

Scorpio Gold's earnings have been declining at an average annual rate of -7%, while the Metals and Mining industry saw earnings growing at 13.6% annually. Revenues have been declining at an average rate of 58.3% per year.

Key information

-7.0%

Earnings growth rate

22.1%

EPS growth rate

Metals and Mining Industry Growth	29.2%
Revenue growth rate	-58.3%
Return on equity	-20.3%
Net Margin	n/a
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Scorpio Gold makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:RY9 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	0	-2	3
30 Jun 24	0	-3	3
31 Mar 24	0	-5	2
31 Dec 23	0	-2	2
30 Sep 23	0	-3	3
30 Jun 23	0	-2	3
31 Mar 23	0	-2	3
31 Dec 22	0	-2	3
30 Sep 22	1	-5	3
30 Jun 22	2	-6	2
31 Mar 22	2	-5	2
31 Dec 21	3	-5	2
30 Sep 21	3	0	2
30 Jun 21	4	0	2
31 Mar 21	5	-1	2
31 Dec 20	5	-1	2
30 Sep 20	5	-5	2
30 Jun 20	5	-5	2
31 Mar 20	5	-6	2
31 Dec 19	5	-1	2
30 Sep 19	6	2	2
30 Jun 19	7	2	1
31 Mar 19	8	3	1
31 Dec 18	10	0	1
30 Sep 18	13	-1	2
30 Jun 18	16	-3	2
31 Mar 18	20	-4	2
31 Dec 17	27	-4	2
30 Sep 17	30	-6	2
30 Jun 17	37	-2	2
31 Mar 17	43	-1	2
31 Dec 16	43	0	2
30 Sep 16	46	-1	2
30 Jun 16	42	-16	2
31 Mar 16	42	-16	2
31 Dec 15	45	-16	3
30 Sep 15	47	-33	3
30 Jun 15	53	-19	2
31 Mar 15	51	-20	2
31 Dec 14	52	-20	2
30 Sep 14	52	-2	2
30 Jun 14	52	-2	2
31 Mar 14	56	-8	2
31 Dec 13	55	-7	2

Quality Earnings: RY9 is currently unprofitable.

Growing Profit Margin: RY9 is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RY9 is unprofitable, and losses have increased over the past 5 years at a rate of 7% per year.

Accelerating Growth: Unable to compare RY9's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RY9 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-2.3%).

Return on Equity

High ROE: RY9 has a negative Return on Equity (-20.28%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 03:29
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Scorpio Gold Corporation is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Matthew Sheppard	Jacob Securities Inc.
Stuart McDougall	Jennings Capital Inc.

Scorpio Gold Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Third quarter 2022 earnings released

First half 2022 earnings released: US$0.008 loss per share (vs US$0.002 profit in 1H 2021)

First quarter 2022 earnings released: US$0.005 loss per share (vs US$0.001 loss in 1Q 2021)

Full year 2021 earnings released: US$0.042 loss per share (vs US$0.018 loss in FY 2020)

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2021 earnings released: EPS US$0.003 (vs US$0.002 loss in 2Q 2020)

Recent updates

Scorpio Gold Corporation announced that it has received CAD 2.50304 million in funding

Scorpio Gold Corporation announced that it expects to receive CAD 2.1 million in funding

Scorpio Gold Corporation Appoints Charles Funk to Advisory Panel

New major risk - Market cap size

Scorpio Gold Corporation Announces 2024 Manhattan Exploration Program, Commencement of Phase 1 Drill Campaign

New major risk - Financial position

Scorpio Gold Corporation Announces Chief Financial Officer Changes

Scorpio Gold Corporation, Annual General Meeting, Jun 27, 2024

Insufficient new directors

Scorpio Gold Corporation announced that it has received CAD 6 million in funding

New major risk - Shareholder dilution

New minor risk - Shareholder dilution

Scorpio Gold Corporation announced that it expects to receive CAD 0.2 million in funding

Scorpio Gold Corporation, Annual General Meeting, Dec 20, 2023

Third quarter 2022 earnings released

Scorpio Gold Corporation, Annual General Meeting, Dec 14, 2022

Scorpio Gold Corporation's Phase II Drilling Program Encounters Significant Intercepts

First half 2022 earnings released: US$0.008 loss per share (vs US$0.002 profit in 1H 2021)

Scorpio Gold Corporation announced that it has received $2.45 million in funding

Scorpio Gold Corporation Appoints Alnesh Mohan as Chief Financial Officer

First quarter 2022 earnings released: US$0.005 loss per share (vs US$0.001 loss in 1Q 2021)

Scorpio Gold Corporation Announces Resignation of Dan O'brien as Chief Financial Officer

Scorpio Gold Corporation Announces Commencement of a Phase II Reverse Circulation (RC) Drilling Program at its Goldwedge Property Located in Manhattan, Nevada

Full year 2021 earnings released: US$0.042 loss per share (vs US$0.018 loss in FY 2020)

Scorpio Gold Corporation Reports Final Results from Phase I Exploration Drilling At the Manhattan Mine Property, Nevada

Scorpio Gold Reports Exploration Drilling At the Manhattan Mine Property, Nevada

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Scorpio Gold Reports 21.26 g/t Gold over 18.3m Near-Surface Including 57.74 g/t over 4.6m at the Manhattan Mine Property, Nevada

Second quarter 2021 earnings released: EPS US$0.003 (vs US$0.002 loss in 2Q 2020)

Scorpio Gold Commences Exploration Drilling Program on Manhattan Mine, Nevada

First quarter 2021 earnings released: US$0.001 loss per share (vs US$0.011 loss in 1Q 2020)

Scorpio Gold Exploration Announces Drilling Program on Historic High-Grade Mineralized Zones At Manhattan Property in Manhattan, Nevada

Full year 2020 earnings released: US$0.018 loss per share (vs US$0.023 loss in FY 2019)

Scorpio Gold Corporation Announces Significant Results from Underground Channel Sampling at its Goldwedge Mine, Manhattan, Nevada

Third quarter 2020 earnings released: US$0.013 loss per share

Scorpio Gold Corporation Begins Underground Bulk Sampling Program at Its Goldwedge Mine, Nevada

Scorpio Gold Corporation Elects Chris Zerga as Director

Scorpio Gold Corporation announced that it expects to receive CAD 5 million in funding from Augusta Investments Inc., and other investors

First half earnings released

Scorpio Gold Corporation (TSXV:SGN) signed a letter of intent to acquire Kinross Manhattan Project Properties, Nye County Nevada from Round Mountain Gold Corporation and KG Mining (Round Mountain) Inc. for $0.25 million.