Banyan Gold (BYN) AI Stock Analysis

• Market Cap: C$97.75M
• Dividend Yield: N/A
• Average Volume (3M): 397.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: N/A
• EPS Growth: -1036.36%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 375,979,640
• 10 Day Avg. Volume: 276,389
• 30 Day Avg. Volume: 397,600
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

Banyan Gold's score reflects its exploratory nature with no current revenue, sustained by a strong equity position and recent positive exploration and funding news. While financial performance is weak due to ongoing losses, technicals show some positive momentum. Valuation remains challenging given the lack of earnings. However, recent corporate events suggest potential for future growth.

Banyan Gold Business Overview & Revenue Model

Company Description

Banyan Gold Corp. engages in the exploration and development of precious metals. The company explores for gold and silver deposits. The Company's flagship asset is the AurMac Project that consists of 506 quartz mineral claims covering an area of approximately 9,230 hectares located in the Mayo Mining District, Yukon Territory. Banyan Gold Corp. was incorporated in 2010 and is headquartered in Whitehorse, Canada.

How the Company Makes Money

Banyan Gold makes money primarily through the exploration and development of its gold properties, aiming to increase the value of its assets by expanding its gold resource estimates. The company generates revenue through strategic partnerships, joint ventures, and the eventual sale or development of its mineral projects. Banyan Gold may also engage in financing activities, such as issuing shares or securing investment from institutional investors, to fund its exploration programs and operational expenses. As mining operations advance, potential revenue streams include the sale of gold extracted from its properties or royalties from mining partners.

Banyan Gold Financial Statement Overview

Summary

Banyan Gold is in the exploration phase with no revenue, resulting in ongoing losses and negative cash flow. The strong equity position and absence of debt mitigate financial risk, but continued reliance on external financing is necessary. Long-term viability hinges on successful exploration results leading to revenue generation.

Income Statement

Banyan Gold's income statement shows no revenue generation, which is typical for early-stage mining companies focusing on exploration. Gross profit and net income are negative, indicating ongoing losses. EBIT and EBITDA margins are not meaningful due to the absence of revenue. The lack of revenue growth is concerning for long-term prospects.

Balance Sheet

The balance sheet reflects a strong equity position with zero debt, suggesting financial stability and less risk of financial distress. However, the company is not generating revenues, which could strain cash reserves in the long term. The equity-to-asset ratio is healthy, indicating reliance on equity financing.

Cash Flow

Negative free cash flow and reliance on financing activities indicate cash burn, which is common for exploratory mining firms. The absence of operating cash flow is a concern, but the substantial cash reserves provide a temporary buffer. The company's ability to raise financing is a positive but unsustainable without revenue generation.

Breakdown
Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	-135.70K	-91.48K	-27.28K	-12.41K
	EBIT
-4.75M	-2.82M	-2.55M	-1.76M	-841.13K
	EBITDA
-4.61M	-2.69M	-2.41M	-1.71M	-816.24K
	Net Income Common Stockholders
-4.28M	367.91K	-1.46M	-2.92M	-1.86M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.79M	8.15M	11.61M	14.36M	5.36M
	Total Assets
72.77M	58.50M	48.36M	32.02M	13.45M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-13.79M	-8.15M	-11.61M	-14.36M	-5.36M
	Total Liabilities
15.32M	9.54M	10.55M	7.57M	2.37M
	Stockholders Equity
57.44M	48.96M	37.81M	24.45M	11.08M
Cash Flow		Free Cash Flow
-8.29M	-15.68M	-1.41M	-1.13M	-32.14K
	Operating Cash Flow
575.31K	―	-1.09M	-733.44K	10.52K
	Investing Cash Flow
-8.81M	-13.98M	-18.68M	-9.36M	-2.73M
	Financing Cash Flow
13.88M	12.19M	17.02M	19.10M	7.74M

Banyan Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYN, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.24, and above the 200-day MA of 0.21, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.97 is Neutral, neither overbought nor oversold. The STOCH value of 9.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BYN.

Banyan Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.95B	-1.32	-21.23%	3.72%	0.87%	-29.37%
MAE	48 Neutral	C$99.38M	―	-17.00%	―	―	-118.75%
BYN	44 Neutral	C$97.75M	―	-7.36%	―	―	-1036.36%
RDS	42 Neutral	C$103.80M	―	-4.14%	―	―	50.00%
SUP	32 Underperform	C$97.57M	―	-193.55%	―	―	-205.11%

Banyan Gold Corporate Events

Banyan Gold Reports Promising Start to 2025 AurMac Drill Program

Banyan Gold Corp. has announced the completion of 19 diamond drill holes totaling 4,500 meters as part of its 30,000-meter exploration program at the AurMac Project in Yukon. The initial results have shown promising signs, including the first discovery of visible gold in high-grade skarn mineralization at the Airstrip Deposit, which supports Banyan’s understanding of the near-surface, high-grade mineralization. This advancement is expected to enhance the company’s resource delineation efforts and strengthen its position in the gold exploration sector.

Spark’s Take on TSE:BYN Stock

According to Spark, TipRanks’ AI Analyst, TSE:BYN is a Neutral.

Banyan Gold’s overall score reflects its current stage as a mining exploration company with no revenue and negative cash flow, balanced by strong equity and recent positive exploration and funding news. Technical indicators suggest some momentum, but valuation remains a concern without earnings.

To see Spark’s full report on TSE:BYN stock, click here.

Banyan Gold Launches Extensive Drilling Program at AurMac Project

Banyan Gold Corp. has commenced a fully funded 30,000+ metre diamond drilling program at its AurMac Project in Yukon, targeting the expansion and definition of mineralized zones in the Airstrip and Powerline deposits. The 2025 strategic drill program aims to build on the high-grade intersections from 2024, with a focus on near-surface gold mineralization and testing new regional targets. This initiative is expected to enhance the company’s resource base and potentially improve its market positioning within the gold exploration sector.

Banyan Gold Secures $14.5 Million to Advance AurMac Project

Banyan Gold Corp. has successfully closed a non-brokered private placement, raising approximately $14.5 million. This funding will support the advancement of the AurMac Project through an expanded drill program, metallurgy, engineering, and community engagement efforts in 2025 and 2026. The proceeds will be used for eligible Canadian exploration expenses and general administrative costs, positioning Banyan to capitalize on high-grade results and strategic targets.

Banyan Gold Reports Successful 2024 Drilling at AurMac Project

Banyan Gold Corp. announced the successful completion of its 2024 diamond drill program at the AurMac Project, which included 21,000 meters of drilling across 118 drill holes in the Airstrip and Powerline Deposits. The program revealed high-grade gold mineralization, enhancing confidence in the project’s mineral resources and indicating potential for further growth in size and grade. An updated Mineral Resource estimate is expected in Q2 of 2025, and the company is optimistic about the project’s development prospects.

Banyan Gold Corp. Enhances Technical Team with Strategic Appointments

Banyan Gold Corp. has strengthened its technical team with the appointment of Duncan MacKay as Vice President of Exploration, along with other key positions, to enhance its exploration efforts. These strategic hires are expected to significantly advance Banyan’s exploration strategy, particularly for the AurMac project, and support the company’s growth and development goals.

Banyan Gold Reports High-Grade Drill Results at AurMac Project

Banyan Gold Corp. announced promising analytical results from its recent drilling efforts at the Airstrip Deposit within the AurMac Project in Yukon. Significant gold intercepts were reported, including 15.9 meters at 9.32 grams per tonne, bolstering the project’s profile and underscoring its potential. These results highlight the strategic importance of the 2024 drilling campaign, positioning Banyan Gold well for upcoming economic assessments and future exploration activities.