Company DescriptionRoscan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of gold properties in West Africa. Its principal project is Kandiole project that hosts 10 gold prospective targets located in the Kenieba area of Southwest Mali. The company was formerly known as Roscan Minerals Corporation and changed its name to Roscan Gold Corporation in September 2018. Roscan Gold Corporation was incorporated in 1987 and is headquartered in Toronto, Canada.

How the Company Makes Money

RosCan Gold Financial Statement Overview

Summary

RosCan Gold is in a precarious financial position with no revenue generation, consistent net losses, and a heavy reliance on financing. The persistent negative equity and cash flow challenges indicate high financial risk.

Income Statement

Very Negative

RosCan Gold has consistently reported zero revenue over the assessed periods, reflecting an inability to generate sales. The company remains unprofitable with significant net losses, worsened by negative EBIT and EBITDA margins reflecting operational inefficiencies.

Balance Sheet

Very Negative

The balance sheet reveals very high leverage with negative stockholders' equity, indicating financial distress. The debt-to-equity ratio cannot be calculated due to negative equity, but the high total liabilities and negative equity suggest significant financial risk.

Cash Flow

Very Negative

Despite negative operating and free cash flows, the company has managed to sustain operations through significant financing activities. However, the reliance on financing rather than operational cash flows is a potential risk.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	-13.64K	-27.29K	-47.95K
	EBIT
-2.08M	-2.86M	-9.66M	-16.70M	-24.79M	22.40M
	EBITDA
-2.68M	0.00	0.00	-16.69M	-24.76M	-22.35M
	Net Income Common Stockholders
-2.92M	-2.95M	-4.87M	-16.86M	-24.63M	-22.46M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
46.95K	1.28M	18.78K	46.95K	6.87M	2.36M
	Total Assets
141.43K	1.33M	152.69K	141.43K	7.16M	2.92M
	Total Debt
0.00	1.27M	0.00	0.00	14.75K	42.55K
	Net Debt
-46.95K	-10.50K	-18.78K	-46.95K	-6.85M	-2.31M
	Total Liabilities
1.34M	2.87M	2.56M	1.34M	1.09M	3.73M
	Stockholders Equity
-1.20M	-1.55M	-2.41M	-1.20M	6.08M	-810.29K
Cash Flow		Free Cash Flow
-2.32M	-1.96M	-2.76M	-13.29M	-24.84M	-15.93M
	Operating Cash Flow
-2.32M	-1.96M	-2.76M	-13.29M	-24.84M	-15.93M
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00	0.00
	Financing Cash Flow
2.85M	3.24M	2.73M	6.46M	29.36M	18.04M

RosCan Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RCGCF		$23.49M	―		―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
KG	44 Neutral	C$21.16M	―	-2.75%	―	―	40.28%
GRC	43 Neutral	C$25.47M	―	-2.74%	―	―	-3.13%
UGD	35 Underperform	C$34.74M	―	-674.44%	―	―	30.82%
DLTA	31 Underperform	C$14.71M	―	-174.46%	―	―	26.51%
COGDF		$15.76M	―	-4.43%	―	―	―

* Basic Materials Sector Average

Performance Comparison

RCGCF

RosCan Gold

0.05

-0.02

-28.57%

TSE:DLTA

Delta Resources

0.11

-0.02

-15.38%

TSE:KG

Klondike Gold

0.09

<0.01

12.50%

TSE:GRC

Gold Springs Resource

0.09

<0.01

12.50%

TSE:UGD

Unigold

0.12

0.06

100.00%

COGDF

Compass Gold

0.14

0.10

250.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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