Toronto, Ontario--(Newsfile Corp. - November 7, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Goldmoney" or the "Company"), today announced financial results for the financial quarter ended September 30, 2023. All amounts are expressed in Canadian dollars unless otherwise noted.

Financial Highlights

Group Tangible Capital of $143 million, an increase of $9.7 million, or 7% Year over Year ("YoY").

Group Tangible Capital per Share increased to $10.38 from $8.94, an increase of $1.44 per share, or 16% YoY.

Group Precious Metal Position consisting of Coins, Bullion, and Bullion Denominated Loan of $23 million, representing 21.25% of Tangible Capital Exclusive of the Mene Inc. Shareholding.

Gold-Adjusted Tangible Capital per 1 Goldmoney Inc. share of 0.129 grams an increase of 16% YoY.

Repurchased a total of 155,500 shares at an average purchase price of $8.95 during the quarter, reducing the share count by 1.1%.

Quarterly Operating Income of $4.2 million, a decrease of 27% YoY.

Net Income of $2.0 million, a decrease of 46% YoY.

Basic Earnings per Share of $0.15.

Goldmoney.com Group Client Assets of $2 billion as at September 30, 2023.

Men? Inc. reported results for the quarter ended June 30, 2023, generating $5 million in revenue and $1.5 million gross profit.

The Company announced in September 2023 that it plans to sell its wholly-owned subsidiary Schiff Gold.

see & read more on https://www.newsfilecorp.com/release/186458/Goldmoney-Inc.-Reports-Financial-Results-for-Second-Quarter-of-Fiscal-2024-for-the-Period-Ending-in-September-30-2023