We Think U.S. GoldMining (NASDAQ:USGO) Needs To Drive Business Growth Carefully [Yahoo! Finance]
U.S. GoldMining Inc. (USGO)
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So should U.S. GoldMining NASDAQ:USGO ) shareholders be worried about its cash burn? In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. View our latest analysis for U.S. GoldMining How Long Is U.S. GoldMining's Cash Runway? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In November 2023, U.S. GoldMining had US$11m in cash, and was debt-free. In the last year, its cash burn was US$10m. Therefore, from November 2023 it had roughly 13 months of cash runway. That
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Sec Filings
- 4/24/24 - Form 10-K/A
- 4/12/24 - Form 8-K
- 4/11/24 - Form ARS
- USGO's page on the SEC website