Newlox Gold Ventures (XCNQ:LUX) Construction In Progress : C$3.08 Mil (As of Dec. 2023)

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What is Newlox Gold Ventures Construction In Progress?

Newlox Gold Ventures's quarterly construction in progress declined from Jun. 2023 (C$2.98 Mil) to Sep. 2023 (C$2.95 Mil) but then increased from Sep. 2023 (C$2.95 Mil) to Dec. 2023 (C$3.08 Mil).

Newlox Gold Ventures's annual construction in progress increased from Mar. 2021 (C$0.00 Mil) to Mar. 2022 (C$0.92 Mil) and increased from Mar. 2022 (C$0.92 Mil) to Mar. 2023 (C$3.04 Mil).

Newlox Gold Ventures Construction In Progress Historical Data

The historical data trend for Newlox Gold Ventures'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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Newlox Gold Ventures Construction In Progress Chart

Newlox Gold Ventures Annual Data

Trend

Mar14

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Mar23

Construction In Progress

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0.92

3.04

Newlox Gold Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															2.58	3.04	2.98	2.95	3.08

Newlox Gold Ventures 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.

Newlox Gold Ventures (XCNQ:LUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newlox Gold Ventures Corp (XCNQ:LUX) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

NWLXF:USA NGO:Germany

Address

355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8

Website

https://www.newloxgold.com

Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.