Golden Lake Exploration Balance Sheet Health

Financial Health criteria checks 6/6

Golden Lake Exploration has a total shareholder equity of CA$10.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.3M and CA$70.5K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$141.36k
Equity	CA$10.24m
Total liabilities	CA$70.50k
Total assets	CA$10.31m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GOLX.F's short term assets (CA$230.2K) exceed its short term liabilities (CA$70.5K).

Long Term Liabilities: GOLX.F has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: GOLX.F is debt free.

Reducing Debt: GOLX.F 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: GOLX.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GOLX.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

Golden Lake Exploration Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Golden Lake Exploration Inc. Completes Drilling Program on its Jewel Ridge Property in the Battle Mountain-Eureka Gold Trend, Eureka County, Nevada

Golden Lake Exploration Inc. Set to Drill Magnet Ridge Induced Polarization Anomaly & Provides Drilling Update on its Jewel Ridge Property in the Battle Mountain-Eureka Gold Belt, Eureka County, Nevada

Golden Lake to Expand Current Drill Program to Include the Sterling Tunnel Mine Locale At Jewel Ridge, Battle Mountain-Eureka Gold Belt, Eureka County, Nevada

Golden Lake Exploration Inc. Retains HD Drilling Services to Undertake the Upcoming Drill Program At the Jewel Ridge Project, Nevada

Golden Lake Exploration Inc. announced that it has received CAD 0.75 million in funding

Bureau of Land Management Accepts Golden Lake Exploration Inc.'s Plan of Operations for Upcoming Diamond Drilling on Its Jewel Ridge Gold-Silver-Zinc-Lead Property, Eureka County, Nevada

Golden Lake Exploration Inc. Reports High Silver Values from the Newly Staked Pinto Property in White Pine County, Nevada

Golden Lake Exploration Inc. announced that it expects to receive CAD 0.75 million in funding

Golden Lake Exploration Inc., Annual General Meeting, May 16, 2024

Golden Lake Exploration Inc. Commences Property-Wide Magnetotelluric (Mt) Survey on Its Jewel Ridge Property in the South Eureka Gold Belt, Eureka County, Nevada

Golden Lake Exploration Inc., Annual General Meeting, Mar 30, 2023

Golden Lake Obtains High-Grade Gold, Silver, Lead & Zinc Assays from Sampling on Its Jewel Ridge Property, Eureka County, Nevada

Golden Lake Exploration Inc. Appoints Allan Barry Laboucan to Advisory Board

Golden Lake Exploration Inc. Reports Remaining Assay Results from Its Phase 2 Diamond Drill Program

Golden Lake Extends the "Red Zone" At the Hamburg Mine Zone, Jewel Ridge Project, Nevada

Golden Lake Exploration Inc. (CNSX:GLM) acquired Lord Byron Patented Claims for $0.07 million.

Golden Lake Exploration Inc. (CNSX:GLM) acquired One Full Monty Property and Two Claims on Copperview Property, Princeton, BC for CAD 0.08 million.

Golden Lake Reports "18.71 Metres Averaging 2.85 G/T Gold and 20.5 G/T Ag" from Hamburg Mine Zone, Jewel Ridge Project, Nevada

Golden Lake Exploration Beings Permitting Process for Maiden Diamond Drill Program at Four Target Locations on its 37,814-Hectare Copperview Project in British Columbia

Golden Lake Exploration Inc. Announces Additional Drill Hole Assays and the Commencement of Drilling At the Jewel Ridge Project, Nevada

Golden Lake Exploration Inc. (CNSX:GLM) acquired two claims blocks for $0.02 million.

Golden Lake Samples Return Up to 9,920 G/T Silver in Grab Samples Returned from West Copperview Property Adjacent to Kodiak Copper Corp.'s MPD Property

Golden Lake Exploration Inc. Provides Update of Activities on the Copperview Property, Located Contiguous to the North, South, and West of the "Mpd Property"

Golden Lake Exploration Inc. Reports Assay Results from the First Three Diamond Drill Holes of the Phase 2 Program on the Eureka Target

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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