Americore Resources (AMCO) AI Stock Analysis

• Market Cap: C$9.95M
• Dividend Yield: N/A
• Average Volume (3M): 80.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.15
• Revenue Growth: N/A
• EPS Growth: 97.61%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): >-0.01
• Shares Outstanding: 19,127,525
• 10 Day Avg. Volume: 108,363
• 30 Day Avg. Volume: 80,224
• PEG Ratio: >-0.01
• Price to Book (P/B): 3.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.55

The score is held down primarily by very weak financial performance (no reported revenue, persistent losses, negative cash flow, and a sharply reduced equity/asset base). Technicals are a positive with strong trend strength, but overbought signals add near-term risk. Valuation is constrained by losses (negative P/E) and no dividend yield data.

Positive Factors

Low Leverage

Zero reported debt reduces default risk and lowers fixed financing obligations, giving management structural flexibility to manage negative cash flows and pursue financing or restructuring options. This absence of leverage lengthens runway compared with highly leveraged peers.

Improving Cash Burn

A narrowing of operating cash outflows signals operational cost control or efficiency gains, which can materially extend the company's runway. If sustained, this reduces reliance on external funding and improves the odds of reaching cash-flow breakeven or executing a strategic pivot.

FCF Tracks Net Income

Free cash flow aligning with net income implies limited accounting divergence between profits and cash generation, improving the reliability of reported earnings as a guide to real cash needs. That consistency aids forecasting and makes financing discussions more transparent.

Negative Factors

No Reported Revenue

Zero reported revenue over multiple years means the company lacks a functioning revenue-generating operation. Without an established revenue base, long-term sustainability depends entirely on external funding or a clear operational turnaround, making the business model unproven.

Deepening Losses

A sharp increase in annual losses materially erodes equity and accelerates cash depletion. Widening losses raise the frequency and magnitude of capital raises required, increase dilution risk, and make it harder to regain investor or creditor confidence absent a credible path to profitability.

Balance Sheet Contraction

A dramatic fall in assets and shareholders' equity sharply reduces financial flexibility and operating capacity. This contraction limits collateral for financing, heightens counterparty concerns, and shortens the timeframe to secure new capital or restart meaningful operations.

Americore Resources Business Overview & Revenue Model

Company Description

Americore Resources Corp. engages in the acquisition, exploration, and development of mineral interests in Canada and the United States. It explores for gold, silver, vanadium, lithium, and uranium deposits. The Company's primary asset is the Trinity Silver Project, which covers approximately 14,523 acres of owned and leased land located in Pershing County, Nevada. The company was formerly known as K9 Gold Corp. and changed its name to Americore Resources Corp. in November 2025. Americore Resources Corp. was incorporated in 2007 and is headquartered in West Vancouver, Canada.

How the Company Makes Money

K9 Gold Corp makes money by exploring and developing mining properties, aiming to discover economically viable gold deposits. The company generates revenue through activities such as the sale of mineral rights, joint ventures, and partnerships with other mining companies. Additionally, K9 Gold may earn income from successful exploration projects that lead to the extraction and sale of gold and other precious metals. The profitability of these ventures depends on factors like gold market prices, exploration success, and efficient project management.

Americore Resources Financial Statement Overview

Summary

Overall financial quality is very weak: revenue is 0 across all years provided, losses persist and worsened in the latest annual period, and operating/free cash flow remain negative. The lack of debt is a support, but the sharp drop in assets and equity in the most recent year signals reduced financial flexibility and higher fragility.

Income Statement

The income statement is very weak: revenue is reported at 0 across all years provided, while losses persist every year. Profitability has deteriorated sharply in the latest annual period (net loss of about -6.7M vs. about -1.8M prior year), and operating results are deeply negative, indicating the business has not demonstrated a viable earnings engine in the reported history. A modest positive is that losses were smaller in 2019–2020 versus later years, but the overall trajectory remains unfavorable.

Balance Sheet

Leverage appears low with total debt reported at 0, which reduces near-term financial risk. However, the balance sheet weakened materially: shareholders’ equity fell dramatically from ~6.8M (2023) to ~0.22M (2024) and total assets also declined steeply (~6.6M to ~0.07M), pointing to significant balance sheet contraction. Returns on equity are strongly negative, reflecting ongoing losses and reduced capital base, which increases fragility despite the lack of debt.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are below zero in every year shown, including 2024 (about -0.24M). Cash burn improved versus 2023 (operating cash outflow narrowed), but free cash flow growth is sharply negative in 2024 and the company remains dependent on external funding to sustain operations. A relative positive is that free cash flow broadly tracks net income in the latest periods, but both are negative, so underlying cash economics remain weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	-6.00
EBITDA	-6.65M	8.40M	0.00	-2.56M	-3.52M	-1.95M
Net Income	-6.65M	-6.68M	-1.75M	-2.56M	-3.52M	-1.95M
Balance Sheet
Total Assets	34.12K	69.96K	6.64M	9.04M	8.26M	4.21M
Cash, Cash Equivalents and Short-Term Investments	4.49K	23.04K	142.70K	1.77M	2.05M	1.61M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	78.72K	62.79K	55.85K	215.80K	147.90K	115.38K
Stockholders Equity	168.87K	220.63K	6.80M	8.40M	8.11M	4.09M
Cash Flow
Free Cash Flow	-180.30K	-243.29K	-555.58K	-2.82M	-6.25M	-2.04M
Operating Cash Flow	-180.30K	-243.29K	-555.58K	-1.21M	-2.57M	-1.58M
Investing Cash Flow	1.30K	23.62K	-1.07M	-1.65M	-3.68M	-459.94K
Financing Cash Flow	130.00K	100.00K	0.00	2.58M	6.70M	3.44M

Americore Resources Technical Analysis

• Last Price: ―

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AMCO, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for TSE:AMCO.

Americore Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GOH	52 Neutral	C$10.99M	-4.62	-42.65%	―	―	88.29%
AMCO	51 Neutral	C$9.95M	-24.53	-69.79%	―	―	97.61%
REX	49 Neutral	C$7.97M	-2.33	-133.71%	―	―	-42.55%
HAR	49 Neutral	C$6.16M	-2.39	-19.36%	―	―	7.28%
HUNT	47 Neutral	C$13.33M	-4.97	―	―	―	-104.65%