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Ashley Gold Corp.
(ASHL)
Ashley Gold Corp. (ASHL) vs. iShares MSCI Canada ETF (EWC)
Ashley Gold Corp. Business Overview & Revenue Model
Ashley Gold Corp. Financial Statement Overview
| 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 | 0.00 |
| EBITDA | -659.87K | -360.00 | -475.11K | 0.00 | 0.00 | 0.00 |
| Net Income | -889.17K | -754.00 | -1.25K | -293.07K | -215.51K | ― |
Balance Sheet | ||||||
| Total Assets | 1.05M | 538.28K | 589.37K | 990.48K | 474.08K | 197.56K |
| Cash, Cash Equivalents and Short-Term Investments | 6.47K | 17.10K | 22.17K | 263.32K | 93.75K | 1.99K |
| Total Debt | 56.29K | 18.90K | 20.37K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 179.45K | 132.77K | 147.59K | 38.28K | 34.66K | 210.05K |
| Stockholders Equity | 870.56K | 405.51K | 441.78K | 952.20K | 439.42K | -12.49K |
Cash Flow | ||||||
| Free Cash Flow | -335.85K | -547.07K | -956.80K | -600.51K | -243.07K | -270.00 |
| Operating Cash Flow | -393.27K | -450.58K | -677.92K | -335.56K | -122.73K | -22.00 |
| Investing Cash Flow | -286.96K | -254.50K | -278.88K | -264.94K | -120.34K | -248.00 |
| Financing Cash Flow | 680.14K | 700.02K | 715.65K | 770.08K | 334.83K | 275.00 |
Ashley Gold Corp. Technical Analysis
Ashley Gold Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$6.94M | -6.71 | -4.44% | ― | ― | ― | |
49 Neutral | C$5.34M | ― | -81.50% | ― | ― | ― | |
46 Neutral | C$5.43M | -4.64 | ― | ― | ― | -495.41% | |
34 Underperform | C$4.29M | -12.07 | ― | ― | ― | -20.83% |
Ashley Gold Corp. Corporate Events
Ashley Gold Corp. has launched a non-brokered equity financing of up to $2 million under the Listed Issuer Financing Exemption, combining a charity flow-through offering priced at $0.11 per unit and a concurrent hard-dollar offering at $0.08 per unit, each with three-year half-warrants exercisable at $0.12. Led by WCPD and with Research Capital Corporation acting as exclusive finder and bookrunner, the raise is intended to fund an aggressive winter exploration campaign on the Tak Patents, including up to 4,000 metres of drilling starting in mid to late February, a 3D IP survey, and additional geophysical and exploratory drilling work at Alto-Gardnar. The campaign is designed to confirm and extend historical results on a largely undrilled historic land package near the Goliath Gold Complex, positioning Ashley to potentially unlock value through rapid delineation of gold mineralization and enhanced project definition, which could be significant for shareholders and the company’s standing among junior gold explorers.
The most recent analyst rating on (TSE:ASHL) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Ashley Gold Corp. stock, see the TSE:ASHL Stock Forecast page.
Ashley Gold Corp. has disclosed that President Noah J. Komavli has filed an updated Early Warning Report after a recent Tak Patent-related securities issuance pushed his ownership above the 10% threshold of the company’s common shares. Following the transaction, Komavli now directly and indirectly controls roughly 13% of Ashley’s free-trading float, and about 11.8% of the company’s fully diluted securities, underscoring his stated confidence in the miner’s strategic direction and the potential of its exploration program, including an anticipated aggressive winter drilling campaign at the Tak property.
The most recent analyst rating on (TSE:ASHL) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Ashley Gold Corp. stock, see the TSE:ASHL Stock Forecast page.
Ashley Gold Corp. has begun core cutting on its 2025 drill program at the Howie Project and has reached an agreement to reduce the net smelter return royalties on both the Howie Project and the Burnthut Main Block to zero through the issuance of 400,000 shares to the vendor. The move significantly enhances the economic attractiveness and flexibility of these Dryden-area properties—situated adjacent to established gold projects—by eliminating a key cost burden and positioning them more favorably for further exploration, potential development, or future portfolio streamlining, while ongoing drilling at Howie continues to validate complex mineralized systems beneath overburden.
The most recent analyst rating on (TSE:ASHL) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Ashley Gold Corp. stock, see the TSE:ASHL Stock Forecast page.
Ashley Gold Corp. is acquiring 100% of the Tak Patents in an all-stock transaction, expanding its land position southwest of its Burnthut project and directly adjoining NexGold Mining’s Goliath Gold Complex in Ontario’s Dryden Gold Belt. Historic work on the Tak Patents outlines a 1.5 km mineralized corridor, including a large quartz-feldspar porphyry body at least 500 metres wide by 1,400 metres long, with past drilling returning near-surface high-grade and bulk-tonnage-style gold intercepts that remain open along strike, at depth and across width. Management describes Tak as a future cornerstone asset and potential satellite deposit on trend with the nearby complex, and is already planning a 2026 winter drill program and local core-cutting and logging facilities, positioning the company for a catalyst-rich exploration season while leveraging potential Critical Mineral Exploration Tax Credit benefits due to historic copper mineralization.
The most recent analyst rating on (TSE:ASHL) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Ashley Gold Corp. stock, see the TSE:ASHL Stock Forecast page.
Ashley Gold Corp. has secured a two-week exclusive due diligence period to evaluate the acquisition of the Tak Patents, a ~100-hectare block of patented land adjoining NexGold Mining Corp.’s Goliath Gold Complex and located southwest of Ashley’s Burnthut project in Ontario. The historic Tak property, previously owned by Lac Minerals/Barrick, covers a 1.5 km mineralized corridor with past drilling that returned near-surface high-grade and bulk-tonnage style gold intercepts, and could become the company’s fourth key drilling target alongside Howie, Burnthut Oro Zone and Alto-Gardnar. The proposed all-stock, non-arm’s-length deal—structured through a company controlled by Ashley’s president after cash constraints prevented a direct purchase—is intended to preserve the company’s treasury while consolidating a strategically important land package in an increasingly competitive staking environment in the belt.
In 2025, Ashley Gold Corp. executed an aggressive growth and exploration strategy, raising nearly $950,000, expanding its land position with four claim additions and the Icefield project acquisition, and divesting non-core properties, while running eight ground programs and two drill campaigns that delivered multiple high-grade gold assay results, including a standout 130 g/t Au channel sample. The company also strengthened governance with new board and advisory appointments, saw a 75% increase in its share price, and set the stage for 2026 with plans for permitting completion across its Dryden portfolio, modern geophysical surveys, further drilling in the first quarter, and ongoing portfolio optimization to prioritize the highest discovery and resource potential assets, signalling a shift from early-stage exploration toward more advanced targeting and development.
Ashley Gold Corp. has completed its maiden Howie drill program near Dryden, Ontario, achieving its objectives on time and on budget. The program revealed significant geological data, including new deformation zones and mineralization patterns with potential implications for future exploration. These findings enhance Ashley’s structural understanding of the region and will inform upcoming projects, particularly the Burnthut Project and Alto-Gardnar, slated for early 2026, pending permits.
Ashley Gold Corp. issued a correction to a previous press release, clarifying that the total funds raised in the final tranche amounted to $241,601.45, instead of the incorrectly stated $214,601.45. This correction does not affect any other figures or shares presented, and the company apologizes for any confusion caused.
Ashley Gold Corp. has successfully closed its private placement financing, raising a total of $506,861.51, which will fund its exploration plans for the first quarter of 2026. This financing marks the largest equity raise since the company’s IPO, underscoring the quality of its projects and management execution. The funds will be used for exploration expenses, including drilling at its permitted projects, and for general corporate purposes. The successful completion of this financing positions Ashley Gold Corp. to advance its exploration activities and strengthens its market position in the gold mining industry.
Ashley Gold Corp. has initiated a drilling program at its 100% owned Howie Project in Dryden, Ontario, contracting Rodren Drilling Ltd. for the maiden drill program. This strategic move aims to explore the historic discovery south of the Twilight Zone and test new targets identified through IP survey data. The company has also announced a non-brokered private placement financing to raise up to $530,000 to support exploration activities and general working capital, indicating a strong commitment to advancing its gold exploration projects.
Ashley Gold Corp. has successfully closed the first tranche of its financing, raising $265,237.56 to fund exploration activities, particularly at its Howie project. This financing will support a scout drill program set to commence in December 2025, aiming to expand the company’s geological model with additional data. The company has also outlined a cost-effective drilling program targeting the Gap Zone, a previously undrilled area with significant geological anomalies. This strategic move is expected to enhance Ashley Gold’s exploration capabilities and potentially increase its market positioning by validating new gold targets.
Ashley Gold Corp. has announced a $530,000 financing initiative to support its winter drill program, consisting of both flow-through and non-flow-through units. The funds will be allocated for corporate expenses and exploration costs, particularly targeting high-priority projects such as Alto-Gardnar, Burnthut, and Howie, with a focus on uncovering high-grade gold deposits and expanding exploration efforts.
Ashley Gold Corp. has announced promising results from its recent channel sampling program at the Alto-Gardnar Project in Ontario, revealing high-grade gold assays of up to 130 g/t Au. The discovery of a high-grade vein within a lower grade halo has extended a potential high-grade corridor over 150 meters, prompting the company to prioritize this project and plan a double winter drill program. This development is significant for Ashley Gold Corp.’s operations, as it enhances the project’s potential and positions the company favorably within the gold exploration sector.
Ashley Gold Corp. has appointed Chris Wolfenberg to its Board of Directors, enhancing its leadership team with his extensive legal and entrepreneurial expertise. This strategic addition is expected to support Ashley Gold’s growth and governance as it advances its exploration and discovery efforts in Canada’s prime mining districts.