HighGold Mining (TSXV:HIGH) Cash And Cash Equivalents : C$2.92 Mil (As of Mar. 2024)

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What is HighGold Mining Cash And Cash Equivalents?

HighGold Mining's quarterly cash and cash equivalents declined from Sep. 2023 (C$6.03 Mil) to Dec. 2023 (C$3.91 Mil) but then stayed the same from Dec. 2023 (C$3.91 Mil) to Mar. 2024 (C$2.92 Mil).

HighGold Mining's annual cash and cash equivalents declined from Dec. 2021 (C$22.81 Mil) to Dec. 2022 (C$7.64 Mil) and declined from Dec. 2022 (C$7.64 Mil) to Dec. 2023 (C$3.91 Mil).

HighGold Mining Cash And Cash Equivalents Historical Data

The historical data trend for HighGold Mining'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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HighGold Mining Cash And Cash Equivalents Chart

HighGold Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

12.60

17.95

22.81

7.64

3.91

HighGold Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial														7.64	6.14	6.03	3.91	2.92

HighGold Mining 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.

HighGold Mining (TSXV:HIGH) 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.

HighGold Mining Cash And Cash Equivalents Related Terms

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HighGold Mining (TSXV:HIGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » HighGold Mining Inc (TSXV:HIGH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

HGMIF:USA

Address

375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6

Website

https://www.highgoldmining.com

HighGold Mining Inc is a mineral exploration company focused on high-grade gold projects located in North America. Its flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in south-central Alaska, USA. The company also controls a portfolio of gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its highgrade mineralization, and the large Golden Mile and Golden Perimeter properties.

Executives

Darwin Green

Director, Senior Officer