Company: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt, US OTC
Tickers: LUX , NGO, NWLXF
Market cap at time of publication: $ 28,5 MCAD
Stock price at time of publication: $0.21 CAD
Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn
Website: https://newloxgold.com/
ESGFIRE comment: Newlox Gold hs relased their Q3 earnings. The numbers are encouraging with revenues up 145 % quarter over quarter at 80 % margin. Even more impressive these numbers are only with plant 1 ramping up. The start for plant 2 is coming and they have $4,5 MCAD in cash. Newlox Gold is a low risk bet on an ESG gold processor compared to gold explorers.
Full release below and more numbers available at SEDAR.com
Newlox Gold Ventures Corp. reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was CAD 0.784419 million. Net loss was CAD 0.108049 million compared to CAD 0.749247 million a year ago. For the nine months, sales was CAD 1.37 million compared to CAD 0.134299 million a year ago. Net loss was CAD 0.868104 million compared to CAD 1.33 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago.
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