Geomega Resources (TSXV:GMA) Construction In Progress : C$0.19 Mil (As of May. 2024)

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What is Geomega Resources Construction In Progress?

Geomega Resources's quarterly construction in progress declined from Nov. 2023 (C$0.35 Mil) to Feb. 2024 (C$0.31 Mil) and declined from Feb. 2024 (C$0.31 Mil) to May. 2024 (C$0.19 Mil).

Geomega Resources's annual construction in progress increased from May. 2022 (C$0.00 Mil) to May. 2023 (C$0.28 Mil) but then declined from May. 2023 (C$0.28 Mil) to May. 2024 (C$0.19 Mil).

Geomega Resources Construction In Progress Historical Data

The historical data trend for Geomega Resources's Construction In Progress 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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Geomega Resources Construction In Progress Chart

Geomega Resources Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Construction In Progress

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0.28

0.19

Geomega Resources Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Construction In Progress	Get a 7-Day Free Trial															0.28	0.33	0.35	0.31	0.19

Geomega Resources Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Geomega Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geomega Resources Inc (TSXV:GMA) » Definitions » Construction In Progress

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GOMRF:USA

Address

75 Boulevard de Mortagne, Boucherville, QC, CAN, J4B 6Y4

Website

https://www.ressourcesgeomega.ca

Geomega Resources Inc is engaged in the acquisition, exploration, and evaluation of mining properties in Canada. It primarily explores for rare earth elements and niobium deposits. It holds an interest in Montviel property on the discovery and development of deposits of metals in Quebec. The Montviel property is located approximately 100 kilometers north of Lebel-sur-Quevillon and Buckingham property.

Executives

Mathieu Bourdeau

Senior Officer