Patriot Gold Corporation (CSE/OTC: PGOL)

Emerging Gold Royalty Company

Message: Patriot Gold Corp Audited Year End Results

Patriot Gold Corp Audited Year End Results 




Ticker Symbols: PGOL for both exchanges (OTC & CSE)

Price: $0.13USD and $0.20CDN

Common shares: 74,380,354

Insider/Institutional Holdings: 49.5%



Financial Breakdown below. All numbers are in $USD


Note: Northern Vertex Mining owns the Moss mine and pays Patriot Gold royalties on a ongoing basis. This mine has several years of production left, based on the last 43-101 resource report. This report will be updated shortly and will extend the life on the Moss mine, giving PGOL additional years of royalty revenue. As well, the company will be releasing drill results on it's own properties, Rainbow & Windy Peake, shortly. Bruner, the other royalty held by Patriot Gold also had an update recently via Canamex Gold. 





Cash: $1,123,132

Marketable Securities: $221,580

Royalty Receivables: $1,076,130

Prepaid Expenses: $105,000

Deferred Tax Asset Allowance: $1,165,000

Total Assets: $3,691,842



Accounts Payable: $50,763

Accounts Payable(Related parties): $182,618

Total Liabilities: $233,381


2020 Performance In $USD

Revenue: $2,468,078

Total Expenses: $1,369,210

Net Income Before Taxes: $862,293

Income Tax Benefit: $1,165,000 - See Note 10 (Additional $8.7 million in tax benefits)

Net Income: $2,027,293 or $0.03c USD

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