Magnum Goldcorp (TSXV:MGI) Accounts Payable & Accrued Expense : C$0.08 Mil (As of Feb. 2024)

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What is Magnum Goldcorp Accounts Payable & Accrued Expense?

Magnum Goldcorp's quarterly accounts payable & accrued expense increased from Aug. 2023 (C$0.05 Mil) to Nov. 2023 (C$0.07 Mil) and increased from Nov. 2023 (C$0.07 Mil) to Feb. 2024 (C$0.08 Mil).

Magnum Goldcorp's annual accounts payable & accrued expense declined from May. 2021 (C$0.26 Mil) to May. 2022 (C$0.12 Mil) and declined from May. 2022 (C$0.12 Mil) to May. 2023 (C$0.04 Mil).

Magnum Goldcorp Accounts Payable & Accrued Expense Historical Data

The historical data trend for Magnum Goldcorp's Accounts Payable & Accrued Expense 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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Magnum Goldcorp Accounts Payable & Accrued Expense Chart

Magnum Goldcorp Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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0.32

0.26

0.12

0.04

Magnum Goldcorp Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.08	0.04	0.05	0.07	0.08

Magnum Goldcorp Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Magnum Goldcorp (TSXV:MGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnum Goldcorp Inc (TSXV:MGI) » Definitions » Accounts Payable & Accrued Expense

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MGIDF:USA

Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

http://www.magnumgoldcorp.com

Magnum Goldcorp Inc is mainly engaged in the acquisition and exploration of mineral resource properties. The company holds an interest in LH Gold property located in the Slocan Mining Division of Southeastern British Columbia.