Maple Gold Mines (TSXV:MGM) Cash And Cash Equivalents : C$2.70 Mil (As of Mar. 2024)

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What is Maple Gold Mines Cash And Cash Equivalents?

Maple Gold Mines's quarterly cash and cash equivalents declined from Mar. 2023 (C$8.06 Mil) to Sep. 2023 (C$4.39 Mil) but then stayed the same from Sep. 2023 (C$4.39 Mil) to Mar. 2024 (C$2.70 Mil).

Maple Gold Mines's annual cash and cash equivalents increased from Dec. 2020 (C$20.02 Mil) to Dec. 2021 (C$21.91 Mil) but then declined from Dec. 2021 (C$21.91 Mil) to Dec. 2022 (C$9.76 Mil).

Maple Gold Mines Cash And Cash Equivalents Historical Data

The historical data trend for Maple Gold Mines's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Maple Gold Mines Cash And Cash Equivalents Chart

Maple Gold Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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2.79

4.10

20.02

21.91

9.76

Maple Gold Mines Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															15.26	9.76	8.06	4.39	2.70

Maple Gold Mines Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Maple Gold Mines (TSXV:MGM) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Maple Gold Mines Cash And Cash Equivalents Related Terms

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Maple Gold Mines (TSXV:MGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maple Gold Mines Ltd (TSXV:MGM) » Definitions » Cash And Cash Equivalents

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MGMLF:USA M3G:Germany

Address

600 - 1111 West Hastings Street, 6th Floor, Vancouver, BC, CAN, V6E 2J3

Website

https://www.maplegoldmines.com

Maple Gold Mines Ltd is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Ltd to jointly advance the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. The district-scale property package also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. Its segment includes mineral exploration in Canada. The company is well-capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.

Executives

Kiran Uday Patankar

Senior Officer