DFR Gold (TSXV: DFR)

Currency in CAD

Last close As at 27/09/2023

CAD0.10

0.03 (42.86%)

Market capitalisation

CAD13m

DFR Gold is a junior exploration company focused on gold in West Africa. It has four principal assets, namely the Cascades project in Burkina Faso (with a 635koz resource), the Kalaka gold project in Mali, the Gurara joint venture in Nigeria and the Beravina zircon project in Madagascar (non-core).

Latest Insights

Metals & Mining | Initiation

DFR Gold — Past work heralds a cascade of future riches

Equity Analyst

Lord Ashbourne

Lord Ashbourne

Director, Energy & Resources

Key Management

  • Brian Kiernan

    Non-Executive Director and Chairman

  • Jean Lindberg Charles

    CFO and Secretary

  • John McGloin

    CEO

Balance Sheet

Forecast net debt (US$m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (7.1) (18.8) (40.9)
Relative (5.2) (17.5) (44.3)
52 week high/low C$0.2/C$0.1

Financials

DFR Gold is a Canadian-listed, West African gold explorer and developer. Its management and board have a strong record of discovering and developing gold projects and they have wasted no time in demonstrating value at DFR’s flagship Cascades project in southern Burkina Faso where, in a short time, they have defined a maiden resource, made new discoveries and demonstrated extensions to the existing resource. From drilling either already completed or under way, Edison estimates that DFR could almost double its maiden resource in the short term.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2021A 0.0 (1.0) (1.0) (1.4) N/A N/A
2022A 0.0 (2.3) (2.3) (1.7) N/A N/A
2023E N/A N/A N/A N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A

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