Low Leverage / Strong Asset BaseModest debt relative to equity and a material asset base provide financial flexibility over months. Low leverage reduces near-term refinancing risk and supports the firm’s ability to fund operations or strategic steps without immediate distress, preserving optionality while revenues remain absent.

Reduced Cash Burn TrendOperating cash outflows have decreased versus prior annual periods, indicating improved cost control or lower spending intensity. A sustained reduction in cash burn extends runway, lowering near-term financing needs and improving the chance of reaching value-driving milestones without frequent capital raises.

Improvement Vs Prior Annual LossReported losses have narrowed compared with the prior annual period, suggesting progress on expense management or operational execution. If sustained, this trend can materially improve long-term viability by narrowing financing needs and demonstrating management’s ability to move toward break-even.

Bears Say

No Revenue / Persistent LossesThe company remains pre-revenue with substantial trailing losses, indicating no current commercial cash generation. Over a multi-month horizon this undermines self-sufficiency, forces reliance on external capital, and keeps execution risk high until revenue sources are established.

Negative Operating And Free Cash FlowConsistent negative operating and free cash flow, with free cash flow deteriorating, signals ongoing cash burn and inability to self-fund. This structural cash shortfall increases the probability of dilutive financing or constrained growth if improvements in cash generation are not achieved.

Eroding Equity / Negative ROEDeclining equity and a negative return on equity reflect that losses are eroding the capital base. Over time this reduces the buffer against adverse shocks, heightens dilution risk from future raises, and weakens the company’s financial resilience until profitability is restored.

Four Nines Gold News

Four Nines Gold to Raise Up to CAD $3.6 Million for Hayden Hill Exploration

The latest announcement is out from Four Nines Gold ( ($TSE:FNAU) ). Four Nines Gold Inc. plans to...

3d ago

Four Nines Gold to Double Share Count with Two-for-One Forward Split

Four Nines Gold ( ($TSE:FNAU) ) just unveiled an update. Four Nines Gold Inc. has announced a two-for-one...

28d ago

Four Nines Gold Expands Hayden Hill Exploration

Four Nines Gold (TSE:FNAU) has released an update. Four Nines Gold Inc. has amended its agreement with Kinross...

1y ago

Four Nines Gold Teams Up with Senergy Communications

Four Nines Gold (TSE:FNAU) has released an update. Four Nines Gold Inc. has partnered with Senergy Communications Capital...

1y ago

Four Nines Gold Unveils High-Grade Assay Results

Four Nines Gold (TSE:FNAU) has released an update. Four Nines Gold Inc. has reported promising assay results from...

2y ago

Four Nines Gold Unveils Optimistic Mining Models

Four Nines Gold (TSE:FNAU) has released an update. Four Nines Gold Inc. has updated its corporate presentation, revealing...

2y ago

FNAU FAQ

What was Four Nines Gold’s price range in the past 12 months?

Four Nines Gold lowest stock price was C$0.14 and its highest was C$0.43 in the past 12 months.

What is Four Nines Gold’s market cap?

Four Nines Gold’s market cap is C$11.32M.

When is Four Nines Gold’s upcoming earnings report date?

Four Nines Gold’s upcoming earnings report date is Jun 01, 2026 which is in 94 days.

How were Four Nines Gold’s earnings last quarter?

Four Nines Gold released its earnings results on Dec 19, 2025. The company reported -C$0.001 earnings per share for the quarter, missing the consensus estimate of N/A by -C$0.001.

Is Four Nines Gold overvalued?

According to Wall Street analysts Four Nines Gold’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Four Nines Gold pay dividends?

Four Nines Gold does not currently pay dividends.

What is Four Nines Gold’s EPS estimate?

Four Nines Gold’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Four Nines Gold have?

Four Nines Gold has 44,377,240 shares outstanding.

What happened to Four Nines Gold’s price movement after its last earnings report?

Four Nines Gold reported an EPS of -C$0.001 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went same 0%.

Which hedge fund is a major shareholder of Four Nines Gold?

Currently, no hedge funds are holding shares in TSE:FNAU

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Four Nines Gold

Four Nines Gold Inc., a junior resource company, engages in the acquisition, exploration, and development of gold properties in Canada. It has an option to acquire a 100% interest in the Bonneville property that includes 36 mineral tenures covering an area of approximately 2,018 hectares located in central Quebec. The company was formerly known as Eureka Dome Gold Inc. and changed its name to Four Nines Gold Inc. in November 2016. Four Nines Gold Inc. was incorporated in 2015 and is headquartered in Vancouver, Canada.