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Operations: Centenario Gold Corp. has not reported any revenue segments.

Market Cap: CA$836.65k

Centenario Gold Corp., with a market cap of CA$0.84 million, is pre-revenue and unprofitable, facing increasing losses over the past five years. Despite having no debt and covering its short-term liabilities with assets of CA$184.4K, it has less than a year of cash runway if current cash flow trends persist. Recent developments include plans to begin a second phase drill program in early 2025 on its Eden property in Mexico, following improved geological insights from earlier drilling phases that identified new targets across the property for further exploration.

• Take a closer look at Centenario Gold's potential here in our financial health report.

• Examine Centenario Gold's past performance report to understand how it has performed in prior years.

Nubian Resources

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Nubian Resources Ltd. is involved in the exploration and evaluation of mineral properties across Australia, Peru, and the United States, with a market cap of CA$4.06 million.

Operations: Nubian Resources Ltd. does not report any revenue segments.

Market Cap: CA$4.06M

Nubian Resources Ltd., with a market cap of CA$4.06 million, is pre-revenue and unprofitable, but it has no debt and sufficient cash runway for over three years. The company's short-term assets of CA$2.9 million comfortably cover its short-term liabilities of CA$224.6K, indicating solid liquidity in the near term. Despite shareholder dilution by 7% over the past year and high volatility in its share price, Nubian has managed to reduce losses at a rate of 21% annually over five years. Both its board and management team are experienced, which may support strategic decision-making moving forward.

• Get an in-depth perspective on Nubian Resources' performance by reading our balance sheet health report here.

• Evaluate Nubian Resources' historical performance by accessing our past performance report.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSXV:AFCC.H TSXV:CTG and TSXV:NBR.

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