Phillip Gaunce - GoGold Resources Independent Director

GGD Stock  CAD 1.29  0.06  4.44%   

Director

Mr. Phillip H. Gaunce, CA, serves as an Independent Director of GoGold Resources Inc. Since 1995, Mr. Gaunce was the President of Bell Grant Insurance, an Atlantic based insurance brokerage. Mr. Gaunce was a board member and audit committee member for RediShred Capital Corporationration since October, 2006. He is a member of the Institute of Chartered Accountants of Nova Scotia as well as the Insurance Broker Association of Nova Scotia. Mr. Gaunce was a board member at the IWK Health Centre from September, 2001 to 2007 where he served on the Audit Committee from April, 2003 to September, 2007. Mr. Gaunce was also on the Audit Committee for the IWK Foundation from October, 2008 to September 2012 since 2009.
Age 51
Tenure 15 years
Address Cogswell Tower, Halifax, NS, Canada, B3J 3K1
Phone902 482 1998
Webhttps://gogoldresources.com
Gaunce served on the Board of Governors at Saint Mary’s University from 2011 to 2014. Mr Gaunce received his Bachelor of Commerce degree from Saint Mary’s University in 1984 and his CA designation in 1986.

GoGold Resources Management Efficiency

The company has return on total asset (ROA) of (0.0246) % which means that it has lost $0.0246 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0184) %, meaning that it generated substantial loss on money invested by shareholders. GoGold Resources' management efficiency ratios could be used to measure how well GoGold Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of April 2024, Return On Tangible Assets is likely to drop to -0.02. In addition to that, Return On Capital Employed is likely to drop to -0.04. At this time, GoGold Resources' Asset Turnover is very stable compared to the past year.
The company has accumulated 1.51 M in total debt with debt to equity ratio (D/E) of 51.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. GoGold Resources has a current ratio of 5.06, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist GoGold Resources until it has trouble settling it off, either with new capital or with free cash flow. So, GoGold Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GoGold Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GoGold to invest in growth at high rates of return. When we think about GoGold Resources' use of debt, we should always consider it together with cash and equity.
GoGold Resources Inc. engages in the exploration, development, and production of mineral properties in Mexico. The company was incorporated in 2008 and is headquartered in Halifax, Canada. GOGOLD RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 185 people. GoGold Resources (GGD) is traded on Toronto Exchange in Canada and employs 204 people. GoGold Resources is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

GoGold Resources Leadership Team

Elected by the shareholders, the GoGold Resources' board of directors comprises two types of representatives: GoGold Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GoGold. The board's role is to monitor GoGold Resources' management team and ensure that shareholders' interests are well served. GoGold Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GoGold Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Terrence Cooper, Independent Director
Sean Tufford, VP of Corporate Devel. and Member of Disclosure Policy Committee
Anis Nehme, Consultant
MBA JD, Corporate Secretary and General Legal Counsel
Phillip Gaunce, Independent Director
Terence Coughlan, President CEO, Director
MASc Eng, Chief Officer
Daniel Whittaker, Executive Vice President Chief Administrative Officer, Corporate Secretary
George Waye, Independent Director
Dana Hatfield, CFO, Director
Glenn Jessome, General Legal Counsel, Corporate Secretary
Bradley Langille, CEO President
Anis Eng, COO

GoGold Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is GoGold Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the GoGold Resources information on this page should be used as a complementary analysis to other GoGold Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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Please note, there is a significant difference between GoGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if GoGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.