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Falcon Gold Corp (TSE:FG)
:FG

Falcon Gold (FG) AI Stock Analysis

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TSE:FG

Falcon Gold

(FG)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
C$0.02
▼(-25.00% Downside)
The score is primarily constrained by weak financial performance (pre-revenue, ongoing losses, negative free cash flow, and negative equity despite zero debt). Technicals provide only a modest offset with slightly positive momentum but a price still below key moving averages, while valuation is hard to support due to a negative P/E and no dividend yield data.
Positive Factors
No debt on balance sheet
Zero reported debt materially reduces fixed financial obligations and insolvency risk, giving management structural flexibility. For an exploration company, this lowers downside from interest burdens and covenant risk, preserving optionality to pursue drilling or transactional outcomes over months.
Focused exploration business model
A clear, specialist exploration mandate provides strategic clarity and repeatable operating model: acquire targets, advance through mapping/sampling/drilling, then de-risk assets for JV, sale or development. This focus supports execution consistency and enduring value-creation pathways if exploration succeeds.
Public listing on TSXV
Being listed on the TSX Venture Exchange provides ongoing structural access to public equity capital and investor pools that commonly fund juniors. This sustained access is vital for financing multi-stage exploration programs and enables liquidity for stakeholders over the medium term.
Negative Factors
No revenue and persistent losses
A multi-year absence of revenue and ongoing operating losses mean the company has no operating cash generation runway. Structurally, this leaves long-term viability contingent on exploration success or continual external funding, increasing execution and dilution risk over months.
Consistent negative cash flow / cash burn
Sustained negative operating and free cash flow depletes resources and forces recurring financing. Over a 2–6 month horizon this structural cash burn heightens dilution risk, constrains the pace and scale of exploration programs, and increases the probability of funding-driven delays or asset sales.
Negative shareholders' equity and declining assets
Transition to negative equity signals cumulative losses that erode the balance-sheet cushion. This reduces financial flexibility, may limit ability to secure favourable partner terms or credit, and elevates structural solvency concerns, increasing reliance on dilutive equity raises to fund operations.

Falcon Gold (FG) vs. iShares MSCI Canada ETF (EWC)

Falcon Gold Business Overview & Revenue Model

Company DescriptionFalcon 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 MoneyFalcon 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
Financials are weak: no revenue across 2020–2025, persistent operating/net losses, and consistently negative operating/free cash flow with ongoing cash burn. While the company has no debt, shareholders’ equity turned negative in 2024–2025 and assets declined, increasing financing risk.
Income Statement
8
Very Negative
Across 2020–2025 annual periods, the company reports no revenue and persistent operating and net losses, which is typical of an early-stage exploration profile but still a clear earnings weakness. Losses remain sizable (net loss roughly ~$(0.9–1.6)M in recent years), with no visible trajectory toward profitability given the absence of revenue and consistently negative operating results.
Balance Sheet
18
Very Negative
A key positive is the lack of debt across all reported periods, which reduces financial risk. However, the balance sheet weakened materially: shareholders’ equity moved from positive levels in 2020–2023 to negative in 2024–2025, signaling cumulative losses and reduced financial flexibility. Total assets also declined from 2023 to 2025, limiting the cushion to absorb ongoing cash burn.
Cash Flow
10
Very Negative
Cash generation is consistently negative, with operating cash flow and free cash flow both deeply below zero every year shown. Cash burn remains heavy in 2024–2025 (roughly ~$(1.0–1.1)M per year), and recent free-cash-flow growth is negative in 2025, indicating deterioration versus the prior year. With no operating inflows, continued funding needs appear likely.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit0.000.000.000.000.000.00
EBITDA-2.31M-1.38M-1.45M-420.00K-1.01M-830.00K
Net Income-2.39M-1.38M-1.57M-991.00K-1.33M-887.00K
Balance Sheet
Total Assets467.23K373.56K465.55K3.42M2.65M2.37M
Cash, Cash Equivalents and Short-Term Investments229.63K217.94K272.79K445.32K435.21K801.21K
Total Debt0.000.000.000.000.000.00
Total Liabilities1.37M1.50M1.18M732.37K432.28K162.07K
Stockholders Equity-899.12K-1.12M-714.00K2.69M2.22M2.21M
Cash Flow
Free Cash Flow-1.70M-1.08M-1.04M-1.63M-1.21M-1.80M
Operating Cash Flow-2.65M-1.08M-1.04M-619.84K-654.72K-1.02M
Investing Cash Flow964.70K0.005.00K-1.01K-543.02K-701.53K
Financing Cash Flow1.59M1.07M769.08K1.68M924.22K2.15M

Falcon Gold Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Positive
200DMA
0.02
Positive
Market Momentum
MACD
<0.01
Positive
RSI
61.15
Neutral
STOCH
50.00
Neutral
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 equal to 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 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FG.

Falcon 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
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
49
Neutral
C$5.31M-1.92-107.25%
48
Neutral
C$6.58M-80.00-46.43%94.57%
48
Neutral
C$5.65M-19.70-5.00%21.43%
46
Neutral
C$3.56M-1.87-133.33%
46
Neutral
C$4.27M-10.48-234.17%26.19%
44
Neutral
C$4.20M-29.69-12.58%66.43%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:FG
Falcon Gold
0.02
>-0.01
-33.33%
TSE:KIP
Kiplin Metals
0.29
-0.03
-8.06%
TSE:WINS
Winshear Gold
0.12
0.03
33.33%
TSE:TRU
TRU Precious Metals Corp.
0.04
0.02
100.00%
TSE:ZFR
Zephyr Minerals
0.07
0.02
30.00%
TSE:GGC
Generic Gold Corp.
0.07
0.01
18.18%

Falcon Gold Corporate Events

Business Operations and StrategyStock Split
Falcon Gold to Consolidate Shares 3-for-1 to Streamline Capital Structure
Positive
Jan 29, 2026

Falcon Gold Corp. has approved a 3-for-1 consolidation of its common shares, reducing its outstanding share count from roughly 177 million to about 59 million, subject to TSX Venture Exchange approval. The move is designed to streamline the company’s capital structure, improve market trading efficiency and provide greater financial flexibility as management seeks to advance its exploration portfolio and assess potential corporate and asset-level transactions at a time of record gold prices, without altering the company’s name, ticker or day-to-day operations.

The most recent analyst rating on (TSE:FG) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Falcon Gold stock, see the TSE:FG Stock Forecast page.

Business Operations and StrategyStock Split
Falcon Gold Sets 3-for-1 Share Consolidation to Streamline Capital Structure
Positive
Jan 26, 2026

Falcon Gold Corp. has approved a 3-for-1 share consolidation, reducing its outstanding common shares from roughly 188 million to about 62.7 million, subject to TSX Venture Exchange approval. The move is designed to streamline the company’s capital structure, improve market efficiency and provide greater financial flexibility as it advances its exploration portfolio and considers corporate and asset-level transactions, including potential business combinations, while leaving its name, ticker symbols and operations unchanged.

The most recent analyst rating on (TSE:FG) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Falcon Gold stock, see the TSE:FG Stock Forecast page.

Financial DisclosuresRegulatory Filings and Compliance
Falcon Gold Extends Management Cease Trade Order as Audit Delay Pushes Back 2025 Filings
Negative
Dec 23, 2025

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.

Financial DisclosuresRegulatory Filings and Compliance
Falcon Gold Corp. Updates on Financial Filings and Cease Trade Order
Negative
Dec 10, 2025

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.

Business Operations and StrategyPrivate Placements and Financing
Falcon Gold Corp. Launches $300,000 Private Placement to Advance Projects
Positive
Nov 26, 2025

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.

Financial DisclosuresRegulatory Filings and Compliance
Falcon Gold Corp. Updates on Financial Filing Delay
Negative
Nov 25, 2025

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.

Business Operations and Strategy
Falcon Gold Launches Exploration in Newfoundland’s Emerging Gold Camp
Positive
Nov 25, 2025

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.

Business Operations and Strategy
Falcon Gold Advances Canadian Projects with Strategic Permitting and Expansion
Positive
Nov 21, 2025

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.

Business Operations and Strategy
Falcon Gold Expands Strategic Land Position in Central Newfoundland
Positive
Nov 14, 2025

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.

Business Operations and StrategyRegulatory Filings and Compliance
Falcon Gold Seeks Expansion with New Exploration Permit in Ontario
Positive
Nov 14, 2025

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.

Financial DisclosuresRegulatory Filings and Compliance
Falcon Gold Corp. Updates on Financial Statement Filing and Trade Order
Neutral
Nov 13, 2025

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.

Financial DisclosuresRegulatory Filings and Compliance
Falcon Gold Corp. Delays 2025 Financial Filings, Applies for Management Cease Trade Order
Negative
Oct 30, 2025

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.

Business Operations and Strategy
Falcon Gold Corp. Advances Exploration at Sunny Boy-Spitfire Project
Positive
Oct 30, 2025

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.

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: Jan 29, 2026