Newcore Gold Ltd. (NCAUF)
Newcore Gold Ltd. operates as a mineral exploration and mine development company, primarily engaged in identifying, progressing, and establishing precious mineral properties within Ghana. The firm maintains complete ownership of the extensive Enchi gold project, which covers 216 square kilometers in Ghana's southwestern region, and also holds rights to seven additional prospecting licenses. Established in 2010, the company previously operated under the name Pinecrest Resources Ltd. until officially rebranding as Newcore Gold Ltd. in August 2020. Its corporate headquarters are located in Vancouver, Canada.
Industry: Gold
Newcore Gold Ltd.
OTC:NCAUFBasic Materials · Gold
+8.65%$0.2052
Mkt Cap$63.8M
Float243.68M
O/S310.86M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$1.26M
Total Assets$49.42M
Free Cash Flow-$3.06M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$46.83M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NCAUF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$49.42M
Liabilities$2.59M
Accounts Receivable$214K
Accounts Payable$945K
Inventory$0
PP&E (Net)$46.01M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $28K | $12K | $8K | $7K | $5K | $0 | $0 | $275 | $175 | $1K | $2K | $438 | $0 | $0 | $0 | $0 |
| Gross Profit | -$28K | -$12K | -$8K | -$7K | -$5K | $0 | $0 | -$275 | -$175 | -$1K | -$2K | -$438 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.72M | $2.69M | $1.38M | $1.1M | $1.65M | $946K | $80K | $219K | $694K | $384K | $440K | $105K | $91K | $196K | $323K | $39K |
| Other | $1.86M | $2.3M | $1.07M | $732K | $1.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $3.58M | $2.69M | $1.38M | $1.83M | $2.74M | $1.53M | $187K | $393K | $694K | $386K | $442K | $133K | $91K | $196K | $323K | $39K |
| Operating Income (EBIT) | -$3.61M | -$2.69M | -$1.38M | -$1.52M | -$2.3M | -$1.28M | -$162K | -$363K | -$644K | -$359K | -$387K | -$109K | -$78K | -$196K | -$324K | -$39K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $106K | $65K | $129K | $27K | $18K | $9K | $11K | $9K | $9K | $14K | $4K | $188 | $519 | $2K | $2K | $0 |
| Other Income (Expense) | -$192K | -$210K | -$346K | -$356K | -$562K | -$296K | -$31K | -$6K | -$75K | -$17K | -$59K | $20K | -$358K | $2K | -$312 | $0 |
| Income Before Tax (EBT) | -$3.8M | -$2.9M | -$1.73M | -$1.87M | -$2.87M | -$1.58M | -$193K | -$369K | -$719K | -$376K | -$446K | -$113K | -$437K | -$194K | -$321K | $0 |
| Income Tax Expense | -$2.54M | $861K | $0 | $0 | $0 | $0 | $0 | -$25K | $0 | $0 | $4K | -$20K | -$519 | $0 | $0 | $39K |
| Net Income | -$1.26M | -$3.76M | -$1.73M | -$1.87M | -$2.87M | -$1.58M | -$193K | -$369K | -$719K | -$376K | -$446K | -$113K | -$437K | -$194K | -$321K | -$39K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||
| EPS | -0.01 | -0.03 | -0.02 | -0.02 | -0.04 | -0.03 | -0.00 | -0.01 | -0.02 | -0.01 | -0.01 | -0.02 | -0.11 | -0.05 | -0.10 | -0.02 |
| Diluted EPS | -0.01 | -0.03 | -0.02 | -0.02 | -0.04 | -0.03 | -0.00 | -0.01 | -0.02 | -0.01 | -0.01 | -0.02 | -0.11 | -0.05 | -0.10 | -0.02 |
| Weighted Average OS | 248.85M | 187.63M | 155.41M | 129.08M | 107.82M | 75.33M | 62.57M | 62.57M | 60.28M | 54.92M | 54.91M | 9.38M | 5.75M | 5.66M | 4.57M | 3.18M |
| EBITDA | -$3.58M | -$2.69M | -$1.38M | -$1.52M | -$2.3M | -$1.28M | -$162K | -$408K | -$661K | -$380K | -$432K | -$109K | -$425K | -$196K | -$323K | -$39K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash and Cash Equivalents | $2.98M | $3.67M | $2.67M | $418K | $552K | $910K | $66K | $271K | $643K | $18K | $26K | $1.83M | $65K | $189K | $556K | $231K |
| Short-Term Investments | $0 | $0 | $0 | $2.14M | $3.39M | $8.51M | $308K | $514K | $740K | $789K | $1.04M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.98M | $3.67M | $2.67M | $2.56M | $3.94M | $9.42M | $374K | $785K | $1.38M | $808K | $1.06M | $1.83M | $65K | $189K | $556K | $231K |
| Accounts Receivable | $214K | $119K | $20K | $8K | $32K | $0 | $959 | $2K | $4K | $0 | $0 | $0 | $0 | $4K | $8K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $217K | $0 | $0 | $0 | $17K | $31K | $32K | -$316 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $29K | $0 | $0 | $0 | $1K | $3K | $12K | $0 | $0 | $0 | $0 |
| Total Current Assets | $3.41M | $3.97M | $2.9M | $2.82M | $4.19M | $9.66M | $416K | $806K | $1.4M | $826K | $1.1M | $1.88M | $65K | $193K | $564K | $231K |
| Long-Term Assets | ||||||||||||||||
| Property, Plant & Equipment Net | $46.01M | $36.49M | $30.05M | $28.91M | $24.4M | $12.39M | $10.03M | $10.05M | $9.02M | $9.19M | $9.29M | $6.32M | $0 | $321K | $85K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $45K | $76K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $155K | $57K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $46.01M | $36.49M | $30.05M | $28.91M | $24.6M | $12.52M | $10.03M | $10.05M | $9.02M | $9.19M | $9.29M | $6.32M | $0 | $321K | $85K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $49.42M | $40.45M | $32.95M | $31.73M | $28.79M | $22.19M | $10.44M | $10.86M | $10.42M | $10.01M | $10.38M | $8.19M | $65K | $515K | $649K | $231K |
| Liabilities | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts Payable | $945K | $159K | $121K | $271K | $856K | $1.05M | $204K | $45K | $39K | $39K | $45K | $81K | $14K | $0 | $51K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K |
| Total Current Liabilities | $1.67M | $1.32M | $121K | $271K | $856K | $1.05M | $204K | $45K | $39K | $39K | $45K | $81K | $14K | $27K | $51K | $11K |
| Long-Term Liabilities | ||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $926K | $3.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $80K | $80K | $80K | $80K | $80K | $80K | $80K | $80K | $80K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $926K | $3.59M | $0 | $80K | $80K | $80K | $80K | $80K | $80K | $80K | $80K | $80K | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.59M | $4.91M | $121K | $351K | $937K | $1.13M | $284K | $125K | $120K | $119K | $125K | $161K | $14K | $27K | $51K | $11K |
| Stockholders' Equity | ||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $56.34M | $43.3M | $36.95M | $33.16M | $29.09M | $20.54M | $8.33M | $8.33M | $8.33M | $7.17M | $7.17M | $7.17M | $678K | $0 | $0 | $0 |
| Retained Earnings | -$18.8M | -$17.54M | -$11.25M | -$9.52M | -$7.65M | -$4.78M | -$3.21M | -$3.01M | -$2.64M | -$1.93M | -$1.55M | -$1.1M | -$991K | -$554K | -$361K | -$39K |
| Comprehensive Income & Other | $2.85M | $4.69M | $2.2M | $2.86M | $6.42M | $3.51M | $2.05M | $2.43M | $4.62M | $2.89M | $3.07M | $1.97M | $153K | $153K | $117K | $0 |
| Other Stockholders' Equity | $9.29M | $9.77M | $7.13M | $7.74M | $6.42M | $5.3M | $5.04M | $5.42M | $4.62M | $4.65M | $4.63M | $1.97M | $364K | $1.04M | $958K | $259K |
| Total Equity | $46.83M | $35.54M | $32.83M | $31.38M | $27.86M | $21.06M | $10.16M | $10.73M | $10.3M | $9.89M | $10.26M | $8.03M | $51K | $488K | $597K | $220K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $49.42M | $40.45M | $32.95M | $31.73M | $28.79M | $22.19M | $10.44M | $10.86M | $10.42M | $10.01M | $10.38M | $8.19M | $65K | $515K | $649K | $231K |
| Supplementary Data | ||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$2.98M | -$3.67M | -$2.67M | -$418K | -$552K | -$910K | -$66K | -$271K | -$643K | -$18K | -$26K | -$1.83M | -$65K | -$189K | -$556K | -$231K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Operating Activities | ||||||||||||||||
| Net Income | -$1.26M | -$3.76M | -$1.73M | -$1.87M | -$2.87M | -$1.58M | -$193K | -$369K | -$719K | -$376K | -$446K | -$113K | -$437K | -$194K | -$322K | -$39K |
| Depreciation & Amortization | $28K | $12K | $8K | $7K | $5K | $0 | $275 | $275 | $175 | $1K | $2K | $438 | $347 | $0 | $0 | $0 |
| Deferred Income Tax | -$2.54M | $861K | $0 | $0 | $0 | $0 | $0 | $0 | $27K | $0 | -$9K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.12M | $265K | $269K | $619K | $1.04M | $601K | $0 | $127K | $478K | $233K | $123K | $51K | $0 | $36K | $117K | $0 |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | -$95K | -$99K | -$12K | $24K | -$4K | -$28K | $931 | $2K | -$3K | $2K | $9K | -$12 | $4 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$72K | $865K | $12K | -$452K | $97K | -$23K | -$29K | $3K | -$8K | $7K | -$52K | -$31 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$168K | $766K | $30 | -$428K | $93K | -$51K | -$28K | $5K | -$10K | $8K | -$43K | -$23K | -$9K | -$33K | -$2K | $11K |
| Other Non-Cash Items | -$211K | -$55K | $4 | $110K | -$73K | $54K | $19K | -$32K | $27K | $4K | -$9K | $598 | $346K | $0 | $0 | $0 |
| Net Cash from Operating | -$3.03M | -$1.91M | -$1.42M | -$1.56M | -$1.8M | -$973K | -$202K | -$268K | -$225K | -$129K | -$373K | -$84K | -$99K | -$190K | -$207K | -$28K |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -$24K | -$2.29M | -$2K | -$3.36M | -$11.29M | -$2M | -$193K | -$358K | -$302K | -$124K | -$399K | -$141K | -$25K | -$190K | -$9K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$6.77M | $0 | $0 | -$8.2M | $0 | $0 | $0 | $0 | -$1.04M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $8.91M | $1.25M | $5.12M | $0 | $206K | $226K | $49K | $248K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$10.87M | -$3.3M | -$1.93M | $45K | $31K | -$76K | -$193K | -$358K | -$302K | $248K | -$389K | -$475K | $0 | $0 | -$9K | $0 |
| Net Cash from Investing | -$10.89M | -$3.3M | $205K | -$2.07M | -$6.14M | -$10.27M | $14K | -$132K | -$254K | $124K | -$1.44M | -$603K | -$25K | -$190K | -$9K | $0 |
| Financing Activities | ||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $13.9M | $3.95M | $3.56M | $3.57M | $8.2M | $12.83M | $0 | $0 | $1.06M | $0 | $4K | $2.46M | $0 | $0 | $541K | $335K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$759K | $2.25M | -$59K | $76K | -$590K | -$683K | $0 | $0 | $63K | $0 | $4K | $0 | $0 | $14K | $0 | -$76K |
| Net Cash from Financing | $13.14M | $6.2M | $3.51M | $3.65M | $7.61M | $12.15M | $0 | $0 | $1.13M | $0 | $4K | $2.46M | $0 | $14K | $541K | $259K |
| Forex Effect | $87K | $14K | -$41 | -$148K | -$30K | -$59K | -$17K | $28K | -$23K | -$2K | -$679 | -$634 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$694K | $1M | $2.25M | -$135K | -$357K | $844K | -$205K | -$372K | $624K | -$8K | -$1.81M | $1.77M | -$125K | -$366K | $325K | $231K |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | -$3.03M | -$1.91M | -$1.42M | -$1.56M | -$1.8M | -$973K | -$202K | -$268K | -$225K | -$129K | -$373K | -$84K | -$99K | -$190K | -$207K | -$28K |
| Capital Expenditure | -$24K | -$3.3M | -$2K | -$3.36M | -$11.29M | -$2M | -$193K | -$358K | -$302K | -$124K | -$399K | -$141K | -$25K | -$190K | -$9K | $0 |
| Free Cash Flow | -$3.06M | -$1.91M | -$1.42M | -$4.93M | -$13.09M | -$2.97M | -$394K | -$626K | -$527K | -$253K | -$772K | -$225K | -$125K | -$381K | -$216K | -$28K |
| Cash at Beginning | $3.67M | $2.67M | $418K | $552K | $910K | $66K | $271K | $643K | $18K | $26K | $1.83M | $65K | $189K | $556K | $231K | $0 |
| Cash at End | $2.98M | $3.67M | $2.67M | $418K | $552K | $910K | $66K | $271K | $643K | $18K | $26K | $1.83M | $65K | $189K | $556K | $231K |