Golden Sky Minerals (AUEN) AI Stock Analysis

• Market Cap: C$8.34M
• Dividend Yield: N/A
• Average Volume (3M): 42.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.16
• Revenue Growth: N/A
• EPS Growth: 76.12%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 23,834,614
• 10 Day Avg. Volume: 25,101
• 30 Day Avg. Volume: 42,527
• PEG Ratio: <0.01
• Price to Book (P/B): 1.46
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.85
• 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: 45 Neutral
• Price Target: C$0.34 ▲(13.67% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn with a sharply reduced equity base). Technicals also indicate a weak trend and negative momentum. Offsetting factors are limited to positive corporate events that may improve exploration funding and credibility, but they do not yet change the current loss-making financial profile.

Positive Factors

Funded JV Option

A financed JV option providing up to C$20M over six years materially reduces near-term funding risk and enables sustained exploration activity. This structural funding can advance drill programs, increase discovery optionality, and de-risk the company's development pathway versus sole self-funding.

Strategic Investor Backing

Significant equity conversion by a notable resource investor that yields a ~9% stake improves credibility and alignment with experienced capital. This structural endorsement can facilitate future capital access, governance support and partner confidence over the medium term.

Low Absolute Leverage

Modest absolute debt levels limit interest obligations and reduce solvency pressures relative to peers. With low formal leverage, the company retains some financial flexibility to layer external project funding or modest borrowing without large fixed-cost burdens, aiding medium-term resilience.

Negative Factors

No Revenue

Absence of operating revenue signifies an exploration-stage business dependent on external capital. Without commercial cash flows, the company faces persistent funding needs and execution risk; long-term viability hinges on resource success or sustained third-party funding.

Negative Cash Generation

Consistent negative operating and free cash flow forces reliance on financings to sustain activity. Persistent cash burn increases dilution or debt risk over time, and with limited internal generation the company may struggle to fund exploration without partners or recurring capital raises.

Eroded Equity Cushion

A sharply diminished equity base and deeply negative returns indicate accumulated losses have materially weakened the balance sheet. Reduced capital cushion limits ability to absorb setbacks, raises dilution risk on new financing, and constrains strategic optionality over the medium term.

Golden Sky Minerals Business Overview & Revenue Model

Company Description

Golden Sky Minerals Corp. operates as a mineral exploration company in Canada. The company engages in acquisition, development, exploration, and evaluation of mineral properties. It primarily explores for gold deposits. The company holds 100% interest in the Lucky Strike property located in Yukon, Canada; the BRC property located in Yukon, Canada; and the Gold Source property located in southwest of Dawson, Yukon. It also holds 100% interest in the Hot Spot Property located in south of Dawson, Yukon; the King's Ransom Property; the Bull's Eye Property located in south of Dawson, Yukon; the Rayfield Property located in British Columbia, Canada; and the Eagle Mountain gold property that covers an area of approximately 10,000 hectares located in the Cassiar District of British Columbia. The company was formerly known as Luckystrike Resources Ltd. and changed its name to Golden Sky Minerals Corp. in February 2020. Golden Sky Minerals Corp. was incorporated in 2018 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Golden Sky Minerals makes money primarily through its mineral exploration activities. The company generates revenue by discovering and developing gold resources that can be sold or partnered with larger mining companies. The revenue streams include the sale of discovered mineral rights, joint ventures or partnerships with other mining companies, and potentially the direct extraction and sale of gold if the company transitions into production. Key factors contributing to its earnings include successful exploration results, strategic acquisitions of promising properties, and favorable market conditions for precious metals.

Golden Sky Minerals Financial Statement Overview

Summary

Very weak fundamentals: no revenue, recurring operating/net losses (TTM net loss ~$2.6M), and negative operating/free cash flow (TTM FCF about -$0.56M). Debt is not large, but equity has collapsed over time (to ~$0.9M TTM), reducing financial flexibility and keeping the profile highly speculative.

Income Statement

The company reports no revenue across the period (including TTM (Trailing-Twelve-Months)), while losses remain sizeable (TTM net loss of ~$2.6M). Profitability is consistently negative at the gross and operating levels, and results show limited evidence of a clear improvement trajectory versus prior years (annual net loss was ~$2.6M in 2024 and much larger in 2023). Strength: losses have moderated materially from the 2023 level, but the absence of revenue keeps the income profile highly speculative.

Balance Sheet

Leverage is modest in TTM (Trailing-Twelve-Months) with debt-to-equity around 0.50 and debt of ~$0.45M against equity of ~$0.90M, which is not excessive in absolute terms. However, equity has fallen sharply versus prior years (from ~$16.3M in 2021 and ~$15.9M in 2022 to ~$1.1M in 2024 and ~$0.9M TTM), reflecting ongoing losses and weakening capital cushion. Return on equity is deeply negative (about -262% TTM), highlighting that the current balance sheet is under significant earnings pressure.

Cash Flow

Cash generation is weak: operating cash flow is negative across all periods (TTM operating cash outflow of ~$0.35M) and free cash flow is also negative (TTM about -$0.56M). While annual free cash outflow improved in 2024 vs. 2023, the TTM free cash flow growth is sharply negative, suggesting recent cash burn has re-accelerated. A mitigating factor is that cash outflow is smaller than accounting losses in recent periods (free cash flow is less negative than net income), but the business still requires funding to sustain operations.

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	-504.00	-351.00	-580.00	-419.00	-905.00	-2.86K
EBITDA	-441.97K	-398.00K	-11.35M	-819.00K	-408.00K	-516.94K
Net Income	-2.64M	-2.58M	-11.16M	-779.00K	-257.00K	-469.38K
Balance Sheet
Total Assets	1.43M	1.22M	3.76M	16.21M	16.70M	13.86M
Cash, Cash Equivalents and Short-Term Investments	380.64K	348.42K	936.28K	2.11M	3.43M	2.33M
Total Debt	452.33K	0.00	0.00	0.00	0.00	0.00
Total Liabilities	529.22K	71.05K	56.03K	269.51K	352.67K	253.65K
Stockholders Equity	900.70K	1.14M	3.70M	15.94M	16.34M	13.61M
Cash Flow
Free Cash Flow	-563.98K	-587.86K	-819.45K	-1.32M	-2.35M	-723.42K
Operating Cash Flow	-346.76K	-377.18K	-488.90K	-556.55K	-485.01K	-308.87K
Investing Cash Flow	-131.46K	-210.68K	-685.55K	-759.49K	-1.86M	-414.55K
Financing Cash Flow	446.00K	0.00	0.00	0.00	3.44M	924.27K

Golden Sky Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AUEN, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.33, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.99 is Neutral, neither overbought nor oversold. The STOCH value of 42.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AUEN.

Golden Sky Minerals 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%
FNX	52 Neutral	C$9.57M	-18.60	-80.25%	―	―	17.98%
TRU	48 Neutral	C$6.58M	-80.00	-46.43%	―	―	94.57%
AUEN	45 Neutral	C$8.34M	-2.61	-114.18%	―	―	76.12%
VVC	45 Neutral	C$8.59M	-4.41	-5.85%	―	-1.81%	52.11%
SPX	44 Neutral	C$7.47M	-3.59	-68.30%	―	―	51.22%
FNAU	43 Neutral	C$9.54M	-21.50	-66.97%	―	―	-47.97%

Golden Sky Minerals Corporate Events

Golden Sky Wins Second Drill Permit to Advance Rayfield-Gjoll Copper-Gold Exploration

Golden Sky Minerals has secured a second drill permit from British Columbia’s Ministry of Mining and Critical Minerals, allowing it to expand exploration to the Gnome and Semlin target zones on its Rayfield-Gjoll Copper-Gold Property northwest of Kamloops. The 2026 program will begin with an IP geophysical survey followed by up to 3,000 metres of diamond drilling to test large-scale geochemical and geophysical anomalies at both targets, which exhibit signatures consistent with buried porphyry copper-gold systems. The new permit, together with an existing one, positions the company to pursue a more systematic, property-wide program and deepens its collaboration with partner Boliden under an earn-in agreement, potentially enhancing the project’s profile within a key Canadian porphyry copper district.

The most recent analyst rating on (TSE:AUEN) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Golden Sky Minerals stock, see the TSE:AUEN Stock Forecast page.

Golden Sky Minerals Secures TSX Approval for Boliden Joint Venture

Golden Sky Minerals Corp. has received approval from the TSX Venture Exchange for its Option and Joint Venture Agreement with Boliden Minerals Canada Ltd. This agreement allows Boliden to earn up to an 80% interest in the Rayfield copper-gold property by investing CDN $1,000,000 in cash and CDN $19,000,000 in exploration over six years. The joint venture will combine the Rayfield Property with Boliden’s Gjoll property, with a provision for a net smelter returns royalty if a party’s interest falls below 10%. This strategic partnership is expected to enhance Golden Sky’s exploration capabilities and strengthen its position in the mineral exploration industry.

Golden Sky Minerals Secures Shareholder Approval for Strategic Partnership with Boliden

Golden Sky Minerals Corp. has secured shareholder approval for an Option and Joint Venture Agreement with Boliden Mineral Canada Ltd. This agreement allows Boliden to earn an 80% interest in Golden Sky’s Rayfield copper-gold property by investing C$20 million in exploration. The partnership combines Boliden’s Gjoll Property with Rayfield, creating a significant exploration opportunity in British Columbia’s Quesnel Trough. This strategic collaboration is a pivotal part of Golden Sky’s growth strategy, reducing financial risk and preserving equity while advancing high-potential assets. The partnership aims to unlock significant copper-gold discoveries, enhancing shareholder value and positioning Golden Sky favorably within the industry.

Golden Sky Minerals Gains Confidence Boost with Debenture Conversion

Golden Sky Minerals announced that Evanachan Limited, owned by mining financier Rob McEwen, has converted a C$220,000 debenture into 2,000,000 common shares, giving McEwen a 9% stake in the company. This move is seen as a strong endorsement of Golden Sky’s strategy and assets, particularly the Rayfield-Gjoll Copper-Gold Project, and underscores McEwen’s commitment as a long-term shareholder, as the company continues to advance its Rayfield project.