Goldmoney - XAUMF STOCK NEWS

Goldmoney Inc. (TSX: XAU) (US: XAUMF) announced financial results for the financial quarter ended December 31, 2023. Highlights include a 3% increase in Group Tangible Equity, a 14% increase in Tangible Equity per Share, and a 53% increase in Quarterly Operating Income. However, Net Income decreased by 42% compared to the previous quarter. The company also repurchased and canceled shares, reducing the total outstanding shares. The divestiture of Schiff Gold LLC impacted the company's share count. The Company's precious metals business and property investment business both contributed to the positive results.

Goldmoney Inc. announced financial results for the quarter ended September 30, 2023. Tangible Capital increased by 7% YoY to $143 million, with Tangible Capital per Share up 16% YoY. Quarterly Operating Income decreased by 27% YoY to $4.2 million. Net Income decreased by 46% YoY to $2.0 million. Goldmoney.com Group Client Assets reached $2 billion as of September 30, 2023. Menē Inc. reported $5 million in revenue and $1.5 million gross profit for the quarter ended June 30, 2023. The company plans to sell its subsidiary Schiff Gold.

Goldmoney Inc. completes second property acquisition in the UK

Goldmoney Inc. announces the sale of its subsidiary Schiff Gold LLC to PDS Family Hycet Trust. The Purchaser will exchange 212,600 common shares and 280,000 common share purchase warrants of Goldmoney for all of Goldmoney's membership interests in SGL. The Goldmoney Shares have a deemed value of approximately CAD $1,798,596. The Transaction is subject to additional closing conditions. Goldmoney intends to cancel the Goldmoney Securities upon completion of the Transaction. The sale allows Goldmoney to focus on its core business strategy. The Transaction is considered a related party transaction but is exempt from formal valuation and minority approval requirements. The Transaction and the Cancellation are subject to regulatory approvals.

Goldmoney announces normal course issuer bid to purchase up to 7.95% of common shares

Goldmoney Inc. (TSX:XAU; US:XAUMF) held its annual general meeting on September 7, 2022, where 52.5% of shares were represented. Five directors were re-elected with significant shareholder support, including Roy Sebag (99.8%) and Mahendra Naik (99.8%). KPMG LLP was reappointed as auditors with 99.8% votes in favor. The Stock Option and RSU Plan received 86.5% approval. Goldmoney operates globally, managing over $2 billion in precious metal and fiat currency assets for clients in 100+ countries. The company focuses on precious metal services, delivery, and storage.

Goldmoney Inc. (TSX:XAU, US:XAUMF) reported its Q1 2023 financial results ending June 30, 2022, with notable highlights including a 2% year-over-year increase in Group Tangible Capital to $129.5 million. The Group's Precious Metal position rose 19% year-over-year to $64.3 million. Share repurchases reduced the share count by 1%. However, the company experienced a net loss of (4.4 million) and a gross profit decline of 3,874 from the previous quarter. This reflects ongoing market volatility and challenges in precious metal valuations.