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Chesapeake Gold Corp (TSE:CKG)
:CKG

Chesapeake Gold (CKG) AI Stock Analysis

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TSE:CKG

Chesapeake Gold

(CKG)

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Neutral 56 (OpenAI - 5.2)
Rating:56Neutral
Price Target:
C$4.50
▼(-5.06% Downside)
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partly offset by a strong, debt-light balance sheet. Technically, the trend is bullish with strong momentum, but indicators are extended, raising pullback risk. Valuation is constrained by negative earnings and no dividend support, while recent corporate actions modestly improve strategic positioning.
Positive Factors
Strong Balance Sheet
A strong balance sheet with no debt provides financial stability and flexibility, allowing the company to focus on long-term project development without the burden of interest payments.
Leadership Enhancement
The appointment of an experienced Chief Metallurgical Officer can improve operational capabilities, potentially unlocking economic value from existing projects and enhancing future revenue prospects.
Technological Advancements
Advancing proprietary sulfide leach technology can lead to more efficient resource extraction, increasing the potential profitability of the company's flagship project and enhancing competitive positioning.
Negative Factors
Lack of Revenue Generation
Consistent lack of revenue generation highlights operational challenges and limits the company's ability to fund development internally, posing a risk to long-term sustainability.
Negative Cash Flow
Negative cash flow indicates ongoing cash burn, which can deplete financial resources over time, necessitating external funding to sustain operations and development activities.
Operational Challenges
Persistent operational challenges and negative net income reflect difficulties in achieving profitability, which can hinder the company's ability to attract investment and support long-term growth.

Chesapeake Gold (CKG) vs. iShares MSCI Canada ETF (EWC)

Chesapeake Gold Business Overview & Revenue Model

Company DescriptionChesapeake Gold Corp., a mineral exploration and development company, focuses on the discovery, acquisition, and development of gold and silver deposits in North and Central America. The company also explores for zinc ores. The company's flagship project is the Metates project, which comprises 12 mineral concessions totaling 4,261 hectares located in Durango State, Mexico. It also holds interest in Talapoosa gold project in the state of Nevada. The company was formerly known as Chesapeake Gold Ltd. and changed its name to Chesapeake Gold Corp. in May 2002. Chesapeake Gold Corp. was founded in 1993 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyChesapeake Gold generates revenue primarily through the exploration and development of its mineral projects. The company aims to create value by advancing its flagship Metates project through various stages of development, with the ultimate goal of bringing the project into production. Revenue is expected to be derived from the sale of gold and silver once production commences. Additionally, the company may engage in strategic partnerships, joint ventures, or sale of project interests to finance its exploration activities and development plans. However, as a company still in the development phase, significant revenues are typically not realized until production begins.

Chesapeake Gold Financial Statement Overview

Summary
Chesapeake Gold shows substantial challenges with no revenue generation, leading to sustained losses and negative cash flows. While the balance sheet is strong with no debt, the lack of operational profitability and cash flow generation poses significant risks to long-term sustainability. The company needs to develop revenue streams to leverage its strong equity position effectively.
Income Statement
18
Very Negative
The company has reported zero revenue consistently, indicating a lack of operational growth. Net income remains negative, leading to non-existent net profit and other margin metrics. This reflects ongoing operational challenges without evidence of revenue generation.
Balance Sheet
72
Positive
Chesapeake Gold maintains strong equity and no debt, resulting in a zero debt-to-equity ratio. However, the absence of revenue and consistent losses impact return on equity, though the equity ratio remains robust due to substantial equity relative to total assets.
Cash Flow
30
Negative
The company experiences negative operating and free cash flow, highlighting cash outflows without incoming revenue. Free cash flow has improved slightly, but remains negative, indicating ongoing cash burn without sufficient inflows to offset expenses.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-13.00K-15.00K-10.00K-9.00K-14.00K-17.00K
EBITDA-4.19M-3.13M-4.24M-10.12M-5.92M-3.27M
Net Income-3.56M-2.54M-5.67M-10.99M-7.40M-1.50M
Balance Sheet
Total Assets164.53M161.28M164.31M164.63M172.91M128.33M
Cash, Cash Equivalents and Short-Term Investments10.41M10.99M19.82M25.67M32.15M35.79M
Total Debt0.000.000.000.00700.00K703.50K
Total Liabilities12.12M12.75M12.88M10.97M10.63M8.86M
Stockholders Equity150.05M146.17M149.05M150.97M160.51M117.48M
Cash Flow
Free Cash Flow-3.38M-2.39M-3.06M-8.46M-6.01M-3.52M
Operating Cash Flow-3.48M-2.35M-3.06M-4.50M-2.61M-1.51M
Investing Cash Flow-3.33M-6.65M-2.82M-3.48M-1.01M-1.56M
Financing Cash Flow4.64M225.00K12.00K1.68M1.19M22.19M

Chesapeake Gold Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.74
Price Trends
50DMA
3.09
Positive
100DMA
2.63
Positive
200DMA
2.00
Positive
Market Momentum
MACD
0.44
Positive
RSI
57.58
Neutral
STOCH
18.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CKG, the sentiment is Positive. The current price of 4.74 is above the 20-day moving average (MA) of 4.06, above the 50-day MA of 3.09, and above the 200-day MA of 2.00, indicating a bullish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 57.58 is Neutral, neither overbought nor oversold. The STOCH value of 18.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CKG.

Chesapeake Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
C$146.64M30.0017.02%112.93%
65
Neutral
C$333.94M415.522.04%694.29%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
C$242.56M-6.63-9.95%-285.42%
56
Neutral
C$274.32M-75.04-2.40%14.96%
52
Neutral
C$307.31M-18.95-92.85%-20.12%
37
Underperform
C$243.23M-11.91-114.33%-28.64%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:CKG
Chesapeake Gold
4.18
2.81
205.11%
TSE:OCG
Outcrop Gold Corp
0.56
0.34
148.89%
TSE:KCP
Turmalina Metals Corp
1.12
1.08
2700.00%
TSE:EMPR
Empress Royalty
1.17
0.85
265.62%
TSE:SM
Sierra Madre Gold & Silver Ltd.
2.41
1.86
338.18%
TSE:AGMR
Silver Mountain Resources, Inc. Class A
4.29
3.54
472.00%

Chesapeake Gold Corporate Events

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Chesapeake Gold Files Prospectus Supplement for $15 Million Bought-Deal Offering
Positive
Jan 15, 2026

Chesapeake Gold has filed a prospectus supplement to its existing short form base shelf prospectus in Canada (excluding Québec) to qualify a previously announced $15.0 million bought-deal public offering of 3,751,500 units at $4.20 per unit. Each unit comprises one common share and one-half of a warrant, with each whole warrant exercisable at $5.65 for 36 months, and the company has also granted underwriters Red Cloud Securities and Cantor Fitzgerald Canada an over‑allotment option for up to an additional 535,725 units along with broker warrants and fees tied to the offering’s proceeds. The financing, expected to close around January 27, 2026 subject to regulatory approvals including from the TSX Venture Exchange, is structured to provide Chesapeake with additional capital while deepening its relationships with key underwriting partners and supporting its ongoing capital markets strategy.

The most recent analyst rating on (TSE:CKG) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Chesapeake Gold stock, see the TSE:CKG Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Chesapeake Gold Upsizes Bought Deal to $15 Million and Launches Private Placement With Eric Sprott
Positive
Jan 13, 2026

Chesapeake Gold has upsized its previously announced bought-deal public equity offering from roughly $10 million to about $15 million, with underwriters led by Red Cloud Securities agreeing to purchase 3,571,500 units at $4.20 per unit, each comprising one common share and half a warrant exercisable at $5.65 for three years. The company will also conduct a concurrent non-brokered private placement of up to 685,000 similarly structured units for additional proceeds of up to approximately $2.9 million, with prominent investor Eric Sprott participating to maintain his pro rata stake; together, the financings are expected to provide capital to advance Chesapeake’s proprietary oxidative leach technology, progress the Metates and Lucy projects, and bolster working capital, potentially strengthening its development pipeline and financial position in the precious metals sector.

The most recent analyst rating on (TSE:CKG) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Chesapeake Gold stock, see the TSE:CKG Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Chesapeake Gold Launches $10 Million Bought Deal to Advance Metates, Lucy and Leach Technology
Positive
Jan 12, 2026

Chesapeake Gold Corp. has launched a $10 million bought deal public offering led by Red Cloud Securities, issuing 2,380,953 units at $4.20 per unit, each comprising one common share and half a warrant exercisable at $5.65 for three years. The financing, which includes a 15% over-allotment option and is expected to close around January 27, 2026 subject to regulatory approvals, is intended to fund advancement of Chesapeake’s proprietary oxidative leach technology, further work on its Metates and Lucy projects, and general working capital, strengthening the company’s balance sheet and supporting the progression of its key development assets within the mining sector.

The most recent analyst rating on (TSE:CKG) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Chesapeake Gold stock, see the TSE:CKG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Chesapeake Gold Grants Stock Options to New CFO to Support Long-Term Growth
Positive
Jan 5, 2026

Chesapeake Gold has granted 100,000 stock options to its newly appointed Chief Financial Officer, Rajesh Vyas, under its stock option plan, with an exercise price of C$4.24 per share and a five-year term expiring in January 2031. The options, which vest in four equal annual tranches starting in January 2027, are designed to align the new CFO’s incentives with long-term shareholder value creation as the company advances its large Metates gold-silver project and related technologies in Mexico.

The most recent analyst rating on (TSE:CKG) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Chesapeake Gold stock, see the TSE:CKG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Chesapeake Gold Reshapes Executive Team as Metates Project Advances
Positive
Jan 2, 2026

Chesapeake Gold Corp. has appointed Jean-Paul Tsotsos as its permanent Chief Executive Officer, effective January 1, 2026, after he served as interim CEO since November 2023, signaling a move toward leadership continuity as it advances its large Metates gold-silver project in Mexico. The company has also named veteran mining finance executive Rajesh Vyas as Chief Financial Officer and Corporate Secretary, while interim CFO Navin Sandhu and former Corporate Secretary Bernard Poznanski have stepped down, marking a broader renewal of the senior management team that could strengthen governance, investor relations, and financial strategy as Chesapeake progresses its development plans.

The most recent analyst rating on (TSE:CKG) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Chesapeake Gold stock, see the TSE:CKG Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Chesapeake Gold Says No Operational Change Behind Surge in Trading
Neutral
Dec 22, 2025

Chesapeake Gold Corp. stated that its management is unaware of any material change in the company’s operations that would explain the recent increase in trading activity in its shares, a clarification made at the request of the Canadian Investment Regulatory Organization. The announcement effectively signals that the recent market volatility is not driven by undisclosed operational developments at Chesapeake, whose value proposition remains anchored in the large-scale Metates gold-silver project in Mexico and related technologies, providing reassurance to investors and regulators about the transparency of current corporate conditions.

Business Operations and StrategyExecutive/Board Changes
Chesapeake Gold Grants Stock Options to Officers as It Advances Metates Project
Positive
Dec 20, 2025

Chesapeake Gold Corp. has granted stock options to its officers to purchase a total of 69,000 common shares at an exercise price of C$2.84 per share, with a five-year term expiring in December 2030 and immediate vesting and exercisability. The move underscores the company’s use of equity-based incentives to align management with long-term shareholder value as it advances the large Metates gold-silver project and related assets in Mexico.

Business Operations and StrategyM&A Transactions
Chesapeake Gold Sells Tatatila Project, Acquires Stake in Mexican Gold
Positive
Nov 13, 2025

Chesapeake Gold Corp has completed the sale of its Tatatila gold-copper project in Veracruz, Mexico, to Mexican Gold Mining Corp. As part of the transaction, Chesapeake acquired a 14.99% stake in Mexican Gold through common shares and secured a 1.5% net smelter return royalty. This strategic move allows Chesapeake to focus on its core assets while maintaining an investment interest in Mexican Gold, potentially benefiting from future developments and market conditions.

Business Operations and Strategy
Chesapeake Gold Extends Exploration Agreement for Metates Project
Positive
Oct 27, 2025

Chesapeake Gold Corp has announced a five-year extension of its exploration agreement for the Metates property with the Community of San Juan de Camarones in Durango, Mexico, extending the partnership until October 2030. This extension is a key milestone for the company as it progresses towards a prefeasibility study in 2026, with ongoing sulphide leach testwork and environmental studies supporting the project’s development.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025