Benz Mining (BZ) AI Stock Analysis

• Market Cap: C$717.93M
• Dividend Yield: N/A
• Average Volume (3M): 165.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.07
• Revenue Growth: N/A
• EPS Growth: -524.41%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 290,660,250
• 10 Day Avg. Volume: 122,870
• 30 Day Avg. Volume: 165,349
• PEG Ratio: -0.13
• Price to Book (P/B): 2.79
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.08
• 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: 48 Neutral
• Price Target: C$2.50 ▲(71.23% Upside)

The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn) and an unattractive earnings-based valuation (negative P/E). These are partially offset by a clean, low-debt balance sheet and strong recent technical uptrend, though momentum is overextended.

Positive Factors

Low Leverage

Very low leverage reduces solvency risk and preserves strategic optionality. Over a 2-6 month horizon, minimal debt lowers default likelihood, supports continued exploration spending or measured M&A, and gives flexibility to raise equity without acute debt pressure.

Large Equity Base Growth

A substantially larger equity base provides a thicker capital cushion to fund exploration and operating needs. This expanded capital base lengthens runway, reduces short-term solvency sensitivity, and allows management to pursue project investments without immediate reliance on debt markets.

Improving FCF Trend

Recent improvement in free cash flow relative to net losses suggests management is moderating outflows and improving cash efficiency. If sustained, this trend can extend runway, lower incremental financing needs, and support stepwise project execution even while absolute cash burn remains.

Negative Factors

No Revenue; Widening Losses

Absence of operating revenue means there is no internal path to profitability in the near term. Widening net losses materially increase financing dependency, raise dilution risk, and make execution of long-term projects contingent on ongoing external capital injections.

Material Cash Burn

Sustained negative operating and free cash flow erodes reserves and forces repeated access to capital markets. Persistent cash burn constrains the company's ability to progress projects or cover fixed costs without dilutive or expensive financing, pressuring strategic options.

Very Negative ROE

A roughly -73% TTM ROE shows the enlarged equity base is not producing returns, signaling poor capital efficiency. Over months this undermines investor confidence, may raise cost of future capital, and pressures management to improve operational performance or alter strategy.

Benz Mining Business Overview & Revenue Model

Company Description

Benz Mining Corp. engages in the acquisition, exploration, and exploitation of mineral properties in the Americas. The company holds interests in the Eastmain Gold project that comprises 152 contiguous mining claims covering an area of 8,014.36 hectares located to the northeast of Montreal; and the Windy Mountain property, which consists of 73 claims covering an area of 3,846.3 hectares. It also has an option to acquire a 100% interest in the Ruby Hill West and Ruby Hill East projects located west of the Eastmain gold project. The company was formerly known as Benz Capital Corp. and changed its name to Benz Mining Corp. in January 2015. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Benz Mining makes money through the discovery and development of mineral resources, which are then sold or partnered with larger mining companies for production. The company's revenue model is based on increasing the value of its mineral properties through exploration activities, resource estimation, and feasibility studies. Revenue can be generated through the sale of mineral rights, royalties from joint ventures, or direct mining operations if the company decides to transition into production. Strategic partnerships with larger mining companies or financial investors can also provide funding and support for exploration activities, which in turn contribute to the company's earnings potential.

Benz Mining Financial Statement Overview

Summary

Financials are weak overall due to no revenue, widening losses in the TTM period, and sustained negative operating/free cash flow (material cash burn). The main offset is a relatively strong balance sheet with minimal leverage and a larger equity base, reducing near-term solvency pressure despite poor returns on equity.

Income Statement

Across the period shown (including TTM (Trailing-Twelve-Months)), the company reports no revenue and persistent operating losses (negative gross profit, EBIT/EBITDA, and net income). Losses widened in TTM (Trailing-Twelve-Months) versus the latest annual period (net loss ~-18.4M vs ~-7.5M), suggesting a deteriorating earnings profile. The main strength is that losses are measurable and consistent with an early-stage/exploration profile, but the absence of revenue and worsening profitability materially constrain the income statement quality.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (debt-to-equity ~0.3% in TTM (Trailing-Twelve-Months); near-zero in earlier years), indicating limited balance-sheet financial risk. Equity has grown substantially over time (from ~3.5M in 2022 to ~38.3M in TTM (Trailing-Twelve-Months)), providing a larger capital base. The key weakness is poor returns on equity due to ongoing losses (TTM (Trailing-Twelve-Months) return on equity roughly -73%), which implies the capital base is not yet translating into profitability.

Cash Flow

Cash generation is weak, with consistently negative operating cash flow and negative free cash flow, including in TTM (Trailing-Twelve-Months) (operating cash flow ~-13.2M; free cash flow ~-14.5M). While free cash flow growth appears positive in the latest periods, the company is still meaningfully cash-burning, and operating cash flow does not cover reported losses in an economic sense (ongoing outflows rather than self-funding operations). A partial offset is that free cash flow has been broadly in line with net losses (free cash flow to net income > 1), but this reflects the scale of losses rather than healthy cash conversion.

Breakdown	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.08M	0.00	-183.61K	0.00	0.00
EBITDA	-6.40M	-4.78M	-2.14M	-12.64M	-10.90M
Net Income	-7.50M	-4.78M	-4.02M	-4.82M	-9.44M
Balance Sheet
Total Assets	25.75M	13.07M	7.62M	6.06M	15.10M
Cash, Cash Equivalents and Short-Term Investments	11.79M	10.13M	3.02M	2.78M	13.14M
Total Debt	153.20K	0.00	0.00	0.00	0.00
Total Liabilities	2.86M	4.31M	363.06K	2.54M	4.53M
Stockholders Equity	22.89M	8.77M	7.26M	3.51M	10.57M
Cash Flow
Free Cash Flow	-4.24M	-7.69M	-8.80M	-20.28M	-8.44M
Operating Cash Flow	-3.28M	-7.36M	-7.45M	-20.12M	-8.22M
Investing Cash Flow	-955.85K	-330.64K	-1.35M	-160.76K	-225.00K
Financing Cash Flow	13.12M	15.04M	1.69M	9.92M	19.24M

Benz Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.46
• 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:BZ, the sentiment is Positive. The current price of 1.46 is below the 20-day moving average (MA) of 2.04, below the 50-day MA of 1.69, and above the 200-day MA of 1.07, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 68.86 is Neutral, neither overbought nor oversold. The STOCH value of 72.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BZ.

Benz Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TI	66 Neutral	C$530.64M	26.23	1280.38%	―	61.24%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CNC	54 Neutral	$466.08M	-20.72	-7.85%	―	―	-51.28%
SAU	52 Neutral	C$507.89M	-123.08	-1.60%	―	―	―
LUCA	52 Neutral	C$552.82M	-9.35	-51.85%	―	115.63%	-615.54%
GLO	52 Neutral	C$297.69M	-64.71	-1.71%	―	52.34%	69.28%
BZ	48 Neutral	C$717.93M	-32.53	-82.21%	―	―	-524.41%

Benz Mining Corporate Events

Benz Mining Closes A$75 Million Financing to Accelerate Australian Gold Exploration

Benz Mining Corp. has closed a A$75 million private placement of 32.3 million CHESS Depositary Interests at A$2.32 each, with final TSX Venture Exchange approval still pending. The funds will be directed primarily to accelerating exploration and resource growth work at the company’s 100%-owned Glenburgh Gold Project in Western Australia, including extensive RC and diamond drilling, infill and extension programs at key prospects such as Icon and Tuxedo, follow-up drilling at the Egerton Project, as well as geological, environmental and heritage studies, project access preparations, and general corporate and administrative costs; the financing was jointly managed by Euroz Hartleys and SCP Resource Finance, which received a 4% commission, partially paid in Benz CDIs.

The most recent analyst rating on (TSE:BZ) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Benz Mining stock, see the TSE:BZ Stock Forecast page.

Benz Mining Secures A$75m Bought Deal to Accelerate Glenburgh and Mt Egerton Gold Exploration

Benz Mining Corp. has secured firm commitments for a A$75 million bought-deal placement of 32.3 million CHESS Depositary Interests at A$2.32 each, driven largely by demand from two major offshore institutional investors and supported by existing institutional shareholders. The raise, which leaves Benz with a pro-forma cash balance of about A$94 million, will fund an aggressive ramp-up of exploration at its Glenburgh and Mt Egerton gold projects in Western Australia, including resource growth, infill and extension drilling at the Icon, Tuxedo and broader Glenburgh system, as well as follow-up work at Egerton and associated technical, permitting and corporate costs, marking a step-change in the company’s exploration capacity and reinforcing market confidence in Glenburgh as a significant emerging gold district.

The most recent analyst rating on (TSE:BZ) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Benz Mining stock, see the TSE:BZ Stock Forecast page.

Benz Mining Extends High-Grade Gold System at Glenburgh’s Icon-Tuxedo Corridor

Benz Mining Corp reported a series of strong drilling results from the Icon and Tuxedo prospects at its Glenburgh Gold Project in Western Australia, including ultra high-grade shallow intercepts at Icon and broad zones of moderate-grade mineralisation that confirm the presence of a bulk-tonnage system. Step-out drilling at Tuxedo has extended mineralisation more than 200 metres down-dip beyond historical limits, and together the Icon-Tuxedo corridor now exceeds 400 metres in width along a strike of more than 3 kilometres, of which only about 30% has been tested. Management says the new data reinforce the potential for a single, large-scale open-pit gold system and supports a strategy of ongoing infill and step-out drilling in early 2026, with implications for growing project scale, improving resource confidence and enhancing the long-term value proposition for shareholders.

The most recent analyst rating on (TSE:BZ) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Benz Mining stock, see the TSE:BZ Stock Forecast page.

Benz Mining Completes Second Tranche of $30M Financing Initiative

Benz Mining Corp. has completed the second tranche of its private placement initiative, raising an additional A$50,000 (C$44,905) in financing through the issuance of 50,762 CHESS Depositary Interests (CDIs) to a company director, Mr. Jolly, as part of a larger A$30 million Placement announced earlier. This step strengthens the company’s financial position and underscores investor confidence in its strategic direction, as it continues to expand its gold exploration projects in Canada and Australia.

Benz Mining Corp. Shareholders Approve Key Resolutions at Annual Meeting

Benz Mining Corp. announced the successful results of its Annual General and Special Meeting of shareholders, where all proposed resolutions were approved by the majority of votes. This includes the election of directors and the approval of various financial and operational measures, reflecting shareholder confidence and supporting the company’s strategic goals in the gold exploration sector.

Benz Mining Unveils Major Gold Extensions and New Discoveries at Glenburgh Project

Benz Mining Corp has announced significant advancements at its Glenburgh Gold Project, with major high-grade gold extensions to Zone 126 and the discovery of a new Lens 5. The deepest intercept to date at the project extends Zone 126 to 800 meters vertically, with Lens 4 showing substantial growth in depth and grade. The new Lens 5 discovery suggests potential for further high-grade mineralization. The company is also exploring new high-grade discovery corridors, NE3 and Hurricane, which could yield discoveries comparable to Zone 126, enhancing the project’s district-scale potential.