AUGG AUGUSTA GOLD CORP.

Overview and Growth

Fiscal 2024 results for AUGUSTA GOLD CORP. included net loss of $6.59M. The company reported diluted EPS of -$0.08, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS decreased by 200.0% from $0.08 in fiscal 2023, showing how the earnings change reached shareholders on a per-share basis. The diluted weighted-average share count was 85.93M, linking total earnings with the per-share result received by shareholders. The diluted share count was 0.3% higher than fiscal 2023, when diluted shares averaged 85.68M, adding context to the EPS comparison. Total assets stood at $60.94M, showing the scale of resources supporting revenue, earnings, liquidity, and financing.

Profitability

The reported operating result was an operating loss of $4.31M, reflecting costs that exceeded gross profit. After all below-operating-line items, the company recorded a net loss of $6.59M for the fiscal year. Negative EBITDA totaled $4.26M, confirming that the earnings deficit remained before depreciation and amortization. Income tax expense totaled $0.00, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 26.7%. The net loss equaled 10.8% of period-end assets, showing the deficit relative to the asset base. The bottom line deteriorated from $6.66M of income in fiscal 2023 to a $6.59M loss.

Liquidity and Capital Structure

Total assets were $60.94M, supported by $36.26M of liabilities and $24.68M of shareholder equity. Current assets were $353.95K against $34.29M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.01x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $315.00K, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 0.9% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 40.5% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 59.5%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 0.5% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 0.9% from $61.52M in fiscal 2023, leaving current total assets lower year over year. Reported equity changed 19.1% from $30.52M in fiscal 2023, placing the current capital base lower year over year. The reported cash balance changed 4.7% from $300.73K in fiscal 2023, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities used $2.99M of cash, resulting in an operating cash outflow for the year. The operating cash outflow narrowed to $2.99M from $6.54M in fiscal 2023.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.