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Goldshore Resources
(AUXX)
Goldshore Resources (AUXX) vs. iShares MSCI Canada ETF (EWC)
Goldshore Resources Business Overview & Revenue Model
Goldshore Resources Financial Statement Overview
| Breakdown | TTM | Dec 2023 | 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 | -73.06K | -106.53K | -83.21K | -67.31K | ― | 0.00 |
| EBITDA | -1.08M | -2.19M | -3.81M | -4.67M | -166.51K | -39.77K |
| Net Income | -8.44M | -7.02M | -4.06M | -13.48M | -166.80K | -39.87K |
Balance Sheet | ||||||
| Total Assets | 151.35M | 87.60M | 94.82M | 75.20M | 18.73M | 21.61K |
| Cash, Cash Equivalents and Short-Term Investments | 25.70M | 1.24M | 5.27M | 12.11M | 2.23M | 5.88K |
| Total Debt | 309.42K | 319.78K | 266.99K | 333.05K | 22.27K | 0.00 |
| Total Liabilities | 26.71M | 13.78M | 12.72M | 10.63M | 15.19M | 488.61K |
| Stockholders Equity | 124.65M | 73.82M | 82.10M | 64.57M | 3.54M | -467.00K |
Cash Flow | ||||||
| Free Cash Flow | -30.87M | -26.61M | -5.88M | -23.15M | -634.05K | -156.25K |
| Operating Cash Flow | -4.75M | -2.65M | -1.71M | -3.75M | -631.65K | -156.25K |
| Investing Cash Flow | -26.22M | -23.96M | -4.17M | -9.08M | ― | 0.00 |
| Financing Cash Flow | 50.44M | 15.74M | 9.91M | 8.35M | 10.42M | 0.00 |
Goldshore Resources Technical Analysis
Goldshore Resources 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% | |
54 Neutral | C$397.74M | -195.74 | -2.79% | ― | ― | -74.07% | |
53 Neutral | C$377.61M | -64.24 | -10.44% | ― | ― | -69.66% | |
52 Neutral | C$371.35M | -77.17 | -1.98% | ― | ― | 62.97% | |
50 Neutral | C$412.17M | -2.84 | -143.63% | ― | ― | ― | |
49 Neutral | C$385.99M | -23.62 | -10.17% | ― | ― | 37.78% | |
45 Neutral | C$385.28M | -33.77 | -7.89% | ― | ― | -111.93% |
Goldshore Resources Corporate Events
Gold X2 Mining Inc. has appointed Michael Kanevsky as the new Chief Financial Officer, effective January 19, 2026. Kanevsky brings over 15 years of mining industry experience, particularly in regulatory compliance and financial strategy, which aligns with Gold X2’s strategic goals, including a dual listing in the United States. The appointment is part of the company’s broader efforts to drive growth and expansion, with Kanevsky’s expertise expected to enhance financial operations and stakeholder engagement. Additionally, the company has granted stock options and restricted share units to Kanevsky and other consultants as part of its incentive plan.
Gold X2 Mining Inc. has completed the acquisition of Kesselrun Resources Ltd., including its Huronian Gold Project, which strategically enhances the development of Gold X2’s Moss Gold Project in Ontario, Canada. This acquisition expands Gold X2’s land package in the Shebandowan Greenstone Gold Belt, providing significant exploration potential and flexibility for mine development. The acquisition also includes the Bluffpoint Gold Project, further consolidating Gold X2’s position in the region and potentially increasing its gold resource base.
Gold X2 Mining has filed its third-quarter financial statements and Management’s Discussion and Analysis, available on SEDAR+. The company’s Moss Gold Project in Ontario has an updated mineral resource estimate of 1.54 million ounces of Indicated gold and 5.20 million ounces of Inferred gold. This project is one of the few major Canadian gold deposits poised for development, indicating significant potential for growth and value creation for shareholders and stakeholders.
Gold X2 Mining Inc. and Kesselrun Resources Ltd. have announced the approval of their plan of arrangement by Kesselrun’s shareholders and the Supreme Court of British Columbia. Under this arrangement, Gold X2 will acquire all issued and outstanding shares of Kesselrun, with shareholders receiving Gold X2 shares and cash in exchange. The arrangement is subject to customary closing conditions, including TSX Venture Exchange approval, and is expected to lead to the delisting of Kesselrun shares from the TSXV. This acquisition strengthens Gold X2’s position in the gold mining industry by expanding its asset base in Ontario.
Gold X2 Mining Inc. has announced promising results from its grade control drill program at the Moss Gold Project, with significant gold mineralization discovered in the Main Zone. The latest assay results from nineteen shallow drill holes have revealed high-grade gold corridors, which are expected to positively impact the economic performance of the deposit. These findings strengthen the company’s confidence in the continuity of gold mineralization, aiding in the transition from Inferred to Indicated Mineral Resources, and support upcoming feasibility studies.
Gold X2 Mining Inc. has announced significant progress in its environmental baseline studies at the Moss Gold Project, aiming to meet permitting milestones and de-risk the project. Key advancements include water quality studies, archaeological assessments, waste geochemical analysis, fisheries assessments, and hydrological studies, all of which are crucial for the project’s review by the Canadian Federal Impact Assessment Agency. The company plans to continue these efforts into 2026, with additional studies on air quality, noise, and socio-economic impacts, reflecting its commitment to comprehensive environmental management and stakeholder engagement.
Gold X2 Mining Inc. has announced promising assay results from its grade control drill program at the Moss Gold Project in Northwest Ontario. The results, which include significant gold intercepts, support the company’s geological model and will inform the upcoming Mineral Resource Estimate and feasibility study. This development is crucial for advancing the Moss Deposit and enhancing the company’s resource estimation process, potentially impacting its future operations and market positioning.
Gold X2 Mining Inc. has entered into a property purchase agreement to acquire the Coldstream Claims, adding 939 hectares to its holdings in the Shebandowan Greenstone Belt in Ontario. This acquisition aims to consolidate Gold X2’s land position and enhance exploration potential. The transaction involves an initial and final cash payment to the vendor, and upon completion, a net smelter returns royalty will be granted to the vendor. This strategic move is expected to strengthen Gold X2’s exploration capabilities and industry positioning.
Gold X2 Mining Inc. has filed a technical report for the Huronian Gold Project, a past-producing mine located adjacent to its flagship Moss Gold Project in northwestern Ontario. This filing is part of Gold X2’s proposed acquisition of Kesselrun Resources Ltd., which owns the Huronian and Bluffpoint Gold Projects. The acquisition is expected to enhance Gold X2’s exploration potential in the Shebandowan Greenstone Belt, subject to shareholder and court approvals.
Gold X2 Mining Inc. has announced the successful completion of a geochemical and geophysical initiative at its Moss Gold Project, identifying a 5-kilometer mineralized trend south of the Moss Gold Deposit. This exploration has revealed several high-priority targets, including the Bunker target, where a 1,500-meter scout drill program is set to commence in October. The initiative enhances the company’s potential for further gold discoveries, strengthening its position in the gold mining sector and offering promising opportunities for stakeholders.