Falcon Gold (FG) AI Stock Analysis

• Market Cap: C$3.55M
• Dividend Yield: N/A
• Average Volume (3M): 363.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• Revenue Growth: N/A
• EPS Growth: -133.33%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 177,434,130
• 10 Day Avg. Volume: 671,351
• 30 Day Avg. Volume: 363,474
• PEG Ratio: -0.08
• Price to Book (P/B): -7.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.16
• 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: 39 Underperform
• Price Target: ―

Falcon Gold's overall stock score reflects significant financial and operational challenges, with zero revenue, persistent losses, and negative cash flows weighing heavily on its financial performance. While technical indicators suggest weak momentum, recent positive corporate events in exploration provide a glimmer of hope. The stock's speculative nature and low valuation might attract risk-tolerant investors, but the overall outlook remains cautious.

Positive Factors

Exploration Advancements

The completion of additional drill holes and increased sulphide mineralization at the Great Burnt Project suggests potential for resource expansion, which could enhance Falcon Gold's asset base and long-term growth prospects.

Experienced Leadership

Appointing a veteran geologist with extensive experience can optimize drilling strategies and accelerate project development, potentially improving operational efficiency and resource discovery.

Strategic Partnerships

Partnering with specialized drilling companies can enhance exploration efficiency and effectiveness, potentially leading to faster resource identification and development, supporting long-term growth.

Negative Factors

Zero Revenue

The absence of revenue generation highlights operational challenges and limits cash flow, posing a significant risk to financial sustainability and long-term viability.

Persistent Losses

Ongoing operational losses indicate inefficiencies and financial distress, which can hinder investment in growth initiatives and strain financial resources over time.

Negative Cash Flow

Negative cash flow from operations underscores financial vulnerability, limiting the company's ability to fund operations and invest in future growth without external financing.

Falcon Gold Business Overview & Revenue Model

Company Description

Falcon Gold Corp. engages in the acquisition and exploration of mineral properties in the Americas. It explores for gold, silver, and base metal deposits. Its flagship project is the Central Canada Gold Mine that consists of 117 claims located in North Ontario. The company was formerly known as Chesstown Capital Inc. and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Falcon Gold makes money through the exploration and extraction of gold and other minerals from its mining operations. The company's primary revenue stream comes from selling the gold it extracts to various buyers, including refineries, jewelry manufacturers, and industrial users. Additionally, FG may engage in joint ventures or partnerships with other mining companies to share costs and enhance its operational capabilities. The company may also benefit from fluctuations in gold prices, which can impact its profitability. Other revenue can come from selling or leasing mineral rights or properties to other mining entities.

Falcon Gold Financial Statement Overview

Summary

Falcon Gold's financials indicate significant financial distress, characterized by zero revenue, persistent operational losses, negative equity, and consistent negative cash flows. The company is heavily reliant on financing activities to meet its cash needs, suggesting an urgent need for operational restructuring and revenue generation strategies.

Income Statement

Falcon Gold has consistently reported zero revenue, indicating an ongoing lack of sales or operational output. The company has also faced persistent losses, with negative EBIT and EBITDA figures, highlighting significant operational challenges. The absence of revenue growth and consistent net losses over the years depict a struggling financial performance.

Balance Sheet

The balance sheet reveals a concerning financial position, with negative stockholders' equity indicating more liabilities than assets. The company has no debt, which is a positive aspect, but the negative equity ratio and significant liabilities suggest financial instability and risk. The deterioration of equity over time is a negative trend.

Cash Flow

Operating cash flow has been consistently negative, reflecting ongoing challenges in generating cash from operations. Free cash flow has also remained negative, further indicating cash constraints. While financing activities have provided some liquidity, the reliance on external financing underscores financial vulnerability.

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	0.00	0.00	0.00	0.00	0.00	―
EBITDA	-2.31M	-1.45M	-420.00K	-1.01M	-830.00K	-590.00K
Net Income	-2.39M	-1.57M	-991.00K	-1.33M	-887.00K	-671.00K
Balance Sheet
Total Assets	467.23K	465.55K	3.42M	2.65M	2.37M	860.89K
Cash, Cash Equivalents and Short-Term Investments	229.63K	272.79K	445.32K	435.21K	801.21K	181.33K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.37M	1.18M	732.37K	432.28K	162.07K	437.17K
Stockholders Equity	-899.12K	-714.00K	2.69M	2.22M	2.21M	423.73K
Cash Flow
Free Cash Flow	-1.70M	-1.04M	-1.63M	-1.21M	-1.80M	-883.06K
Operating Cash Flow	-2.65M	-1.04M	-619.84K	-654.72K	-1.02M	-555.25K
Investing Cash Flow	964.70K	5.00K	-1.01K	-543.02K	-701.53K	-327.81K
Financing Cash Flow	1.59M	769.08K	1.68M	924.22K	2.15M	951.51K

Falcon Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FG, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 61.15 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FG.

Falcon Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TRU	48 Neutral	C$9.04M	-110.00	-46.43%	―	―	94.57%
ZFR	48 Neutral	C$3.91M	-13.64	-5.00%	―	―	21.43%
KIP	44 Neutral	C$3.69M	-28.65	-12.58%	―	―	66.43%
GGC	44 Neutral	C$4.60M	-11.29	-234.17%	―	―	26.19%
WINS	42 Neutral	C$4.56M	-1.65	-107.25%	―	―	―
FG	39 Underperform	C$3.55M	-2.38	―	―	―	-133.33%

Falcon Gold Corporate Events

Falcon Gold Extends Management Cease Trade Order as Audit Delay Pushes Back 2025 Filings

Falcon Gold Corp. has received approval from the British Columbia Securities Commission to extend its management cease trade order to January 9, 2026, after failing to file its audited annual financial statements, related MD&A and CEO/CFO certifications for the year ended June 30, 2025 by the October 28 deadline due to delays in engaging its auditor. Management and insiders remain under a trading blackout while the company and its auditor complete remaining audit procedures amid holiday scheduling constraints, with Falcon Gold targeting filing of the 2025 annual disclosures by January 9, 2026 and its first-quarter interim financial statements shortly thereafter, and committing to regular default status updates and alternative information disclosures while confirming it is not subject to insolvency proceedings or undisclosed material events.

Falcon Gold Corp. Updates on Financial Filings and Cease Trade Order

Falcon Gold Corp. has announced an update regarding its management cease trade order due to a delay in filing its 2025 annual financial statements and related documents. The delay was caused by timing and administrative issues in engaging their auditor, Davidson & Company LLP. The company aims to complete the filings by December 29, 2025, and will provide updates as necessary. Until the filings are completed, a trading blackout is in effect for management and insiders, and the company will issue bi-weekly default status reports.

Falcon Gold Corp. Launches $300,000 Private Placement to Advance Projects

Falcon Gold Corp. has announced a non-brokered private placement offering of up to 15,000,000 units at $0.02 per unit, aiming to raise $300,000. The proceeds will be used for general working capital, advancing its Canadian gold and critical metals portfolio, and ongoing corporate development initiatives. This move is expected to bolster Falcon Gold’s operational capabilities and enhance its market positioning within the mineral exploration industry.

Falcon Gold Corp. Updates on Financial Filing Delay

Falcon Gold Corp. has announced an update regarding its management cease trade order due to a delay in filing its 2025 annual financial statements and related documents. The company is working towards completing these filings by December 29, 2025, and will provide regular updates while adhering to alternative information guidelines during this period.

Falcon Gold Launches Exploration in Newfoundland’s Emerging Gold Camp

Falcon Gold Corp. has initiated Phase 1 exploration on a newly acquired 17,225-hectare land package in central Newfoundland, strategically positioned along the Valentine Lake Fault System. This acquisition places Falcon at the center of Newfoundland’s emerging gold camp, bridging two active exploration fronts and offering significant discovery potential. The exploration program, led by GeoXplore Surveys Inc., will focus on high-velocity, discovery-focused activities including geochemical surveys, geological mapping, and structural modeling. This strategic move is expected to enhance Falcon’s positioning in the gold exploration industry, potentially impacting stakeholders by increasing the company’s exploration footprint and discovery opportunities.

Falcon Gold Advances Canadian Projects with Strategic Permitting and Expansion

Falcon Gold Corp. has announced significant progress in permitting and strategic developments across its Canadian assets. The company is advancing permits for its Central Canada Gold Project, Stoney Lake Claims in Newfoundland, and the Sunny Boy–Spitfire Project in British Columbia, aiming to eliminate bottlenecks and position its key assets for future growth. The expansion in Newfoundland and updated permits in British Columbia highlight Falcon’s commitment to advancing projects with high potential, which could strengthen its industry positioning and offer promising exploration opportunities.

Falcon Gold Expands Strategic Land Position in Central Newfoundland

Falcon Gold Corp. has expanded its land holdings in Central Newfoundland by acquiring 689 mineral claims covering 17,225 hectares, strategically positioning itself between two active gold trends. This acquisition enhances Falcon’s exploration potential in a largely underexplored section of the Central Newfoundland gold belt, with plans for an immediate exploration program led by experienced geoscientist Mike Kilbourne. The company’s new land position offers a district-scale platform for systematic exploration and potential discovery, strengthening its industry positioning and providing significant opportunities for stakeholders.

Falcon Gold Seeks Expansion with New Exploration Permit in Ontario

Falcon Gold Corp. has submitted an Exploration Permit Application for its Central Canada Gold Project in Ontario, aiming to expand known gold zones and explore new targets. The permit supports Phase III drilling, building on previous successful campaigns, and is part of Falcon’s strategy to advance the project within Ontario’s emerging gold corridor. The company is also consolidating its operations in Canada by not renewing its property option in Chile, focusing resources on its Canadian assets for stronger long-term value.

Falcon Gold Corp. Updates on Financial Statement Filing and Trade Order

Falcon Gold Corp. has announced an update regarding its management cease trade order due to a delay in filing its 2025 Annual Financial Statements. The delay was caused by timing and administrative factors in engaging its auditor, Davidson & Company LLP. The company aims to complete the filings by December 29, 2025, and is currently under a trading blackout for management and insiders. Falcon Gold Corp. is not facing insolvency and will provide bi-weekly updates during this period.

Falcon Gold Corp. Delays 2025 Financial Filings, Applies for Management Cease Trade Order

Falcon Gold Corp. has announced a delay in filing its 2025 Annual Financial Statements due to timing and administrative factors that affected the engagement of its auditor. The company has applied for a management cease trade order, which restricts trading by its CEO and CFO until the filings are completed, but allows the general public to continue trading its securities.

Falcon Gold Corp. Advances Exploration at Sunny Boy-Spitfire Project

Falcon Gold Corp. has filed a Notice of Work permit for its Sunny Boy-Spitfire project in British Columbia, allowing it to commence an extensive exploration program. This initiative includes trenching, diamond drilling, and geophysical surveys aimed at testing high-grade structures and expanding the known gold system. The project is located in a historically rich gold exploration area, and Falcon aims to capitalize on the broader geological frameworks that could support larger mining widths. The company’s aggressive 25-hole drill program is designed to test surface mineralization along the Master Zone, with the potential to establish the Nicola Lake region as a significant gold camp. Previous exploration efforts have revealed promising gold assays, and Falcon’s continued work seeks to confirm the extent of gold mineralization at depth, potentially opening new zones for discovery.