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Freegold Ventures
(TSX:FVL)
Freegold Ventures (FVL) vs. iShares MSCI Canada ETF (EWC)
Freegold Ventures Business Overview & Revenue Model
Freegold Ventures Financial Statement Overview
| 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 | -60.20K | 0.00 | 0.00 | -104.00K | -63.55K | -55.64K |
| EBITDA | -633.10K | -1.08M | -3.09M | -694.00K | -1.88M | -398.84K |
| Net Income | -716.04K | -1.09M | -3.10M | -803.00K | -2.21M | -1.30M |
Balance Sheet | ||||||
| Total Assets | 137.05M | 103.28M | 90.36M | 77.40M | 74.42M | 73.97M |
| Cash, Cash Equivalents and Short-Term Investments | 25.97M | 3.45M | 2.02M | 693.24K | 13.83M | 29.65M |
| Total Debt | 39.88K | 63.41K | 99.94K | 128.11K | 167.02K | 37.50K |
| Total Liabilities | 2.09M | 671.46K | 657.98K | 926.87K | 928.75K | 792.34K |
| Stockholders Equity | 134.96M | 102.61M | 89.70M | 76.47M | 73.49M | 73.17M |
Cash Flow | ||||||
| Free Cash Flow | -1.20M | -1.90M | -12.79K | -1.13M | -2.38M | -3.53M |
| Operating Cash Flow | -634.03K | -798.00K | -907.00 | -803.39K | -647.01K | -2.02M |
| Investing Cash Flow | -14.29M | -11.58M | -11.88K | -16.24M | -15.96M | -5.72M |
| Financing Cash Flow | 35.17M | 14.24M | 14.17K | 4.18M | 469.70K | 34.66M |
Freegold Ventures Technical Analysis
Freegold Ventures Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | C$1.00B | -177.81 | -1.89% | ― | ― | -7040.00% | |
60 Neutral | C$594.81M | -66.10 | -6.72% | ― | ― | -572.97% | |
56 Neutral | C$874.10M | -765.00 | -0.62% | ― | ― | 41.18% | |
49 Neutral | $876.92M | -230.85 | -1.92% | ― | ― | 41.98% | |
49 Neutral | C$770.37M | -76.97 | -31.51% | ― | ― | 11.83% | |
49 Neutral | C$942.36M | -14.21 | -231.13% | ― | ― | -53.49% |
Freegold Ventures Corporate Events
Freegold Ventures has outlined its 2026 work program for the Golden Summit project after a year in which it expanded the mineral resource to 17.2 million ounces of indicated and 11.9 million ounces of inferred gold and completed over 39,000 metres of drilling. Armed with a recent $50 million equity financing and strong institutional backing, the company plans a 50,000-metre drill campaign focused on higher‑grade starter‑pit corridors in the central Dolphin/Cleary/WOW areas and the newly discovered Tamarack Zone, while also testing the gap between Tamarack and the Cleary Hill Zone to potentially expand the deposit footprint. In parallel, Freegold is advancing metallurgical studies that have already demonstrated gold recoveries above 90% using several oxidation processes and a simple gravity step, seeking to further optimize recoveries and derisk project economics. These efforts, combined with evaluation of staged development scenarios, are aimed at delivering a more robust, de‑risked mineral resource and completing a pre‑feasibility study by early 2027, reinforcing Golden Summit’s positioning as a large, long‑life gold project with phased development potential.
The most recent analyst rating on (TSE:FVL) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Freegold Ventures stock, see the TSE:FVL Stock Forecast page.
Freegold Ventures has identified a new mineralized area, the Tamarack Zone, roughly 400 metres east of the Cleary Zone at its Golden Summit project, with initial drilling returning 1.28 g/t gold over 49.2 metres and suggesting the potential for a significant new resource area that extends the project’s eastern mineralized footprint. At the same time, deeper drilling in the Cleary Zone intersected a broad 0.91 g/t gold over 150.9 metres, supporting the company’s model of wider mineralized zones at depth and providing important infill data for an upcoming resource update and pre-feasibility study; with 62 holes completed in the latest campaign, a 50,000-metre drilling program set to restart in February, and recent institutional equity financing secured, Freegold is reinforcing Golden Summit’s scale and economics and strengthening its position in the North American gold exploration space.
The most recent analyst rating on (TSE:FVL) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Freegold Ventures stock, see the TSE:FVL Stock Forecast page.
Freegold Ventures Limited has closed an upsized brokered private placement, raising approximately $50 million through the issuance of 38,461,500 common shares at $1.30 each, with Paradigm Capital acting as lead agent alongside Stifel Nicolaus Canada. The proceeds will be used to complete a pre-feasibility study for the Golden Summit Project, fund ongoing exploration, and support general corporate purposes, positioning the company to accelerate technical work and exploration east of the current resource zone through early 2027 while strengthening its financial footing and project pipeline. The financing, which included a significant participation by investor Eric Sprott under related-party rules, underscores strong investor confidence in Golden Summit and is seen as a key milestone that improves Freegold’s ability to advance its flagship asset, subject to final approval from the Toronto Stock Exchange.
The most recent analyst rating on (TSE:FVL) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Freegold Ventures stock, see the TSE:FVL Stock Forecast page.
Freegold Ventures Limited has increased the size of its previously announced brokered best-efforts private placement from approximately $30 million to up to about $50 million, following strong investor demand. The upsized offering will comprise up to 38,461,500 common shares at $1.30 per share, with Paradigm Capital acting as lead agent and sole bookrunner. Net proceeds are earmarked to complete a pre-feasibility study for the Golden Summit Project in Alaska, fund ongoing exploration, and provide general working capital, bolstering the company’s ability to advance the project through the next stage of technical evaluation. The financing is being conducted under the Listed Issuer Financing Exemption in Canada, meaning the shares will not be subject to a hold period in Canada, and closing is expected around January 6, 2026, subject to regulatory and listing approvals.
Freegold Ventures Limited has arranged a brokered best-efforts private placement to raise approximately $30 million through the sale of 23,077,000 common shares at $1.30 each, with Paradigm Capital acting as lead agent and sole bookrunner, and an option for agents to place up to 15% additional shares. The proceeds are earmarked to complete a pre-feasibility study and fund ongoing exploration at the flagship Golden Summit Project, as well as for general corporate purposes, a move that strengthens Freegold’s funding position as it advances the Alaskan gold project toward a more advanced development stage and seeks to enhance its standing in the junior mining sector; the financing, which is expected to close around January 6, 2026, remains subject to regulatory approvals and TSX listing of the new shares.
Freegold Ventures has launched a brokered best-efforts private placement to raise approximately $30 million through the issuance of 23,077,000 common shares at $1.30 per share, with Paradigm Capital acting as lead agent and sole bookrunner. The proceeds are earmarked to complete a pre-feasibility study and support ongoing exploration at the company’s flagship Golden Summit Project in Alaska, as well as for general corporate and working capital needs, a funding step that underscores Freegold’s intention to accelerate project advancement and potentially enhance its positioning within the North American gold exploration sector; the offering, conducted under the listed issuer financing exemption, is expected to close in early January 2026, with the new shares freely tradable in Canada and subject to customary regulatory and stock exchange approvals.
Freegold Ventures Limited has announced promising metallurgical results from its testwork on the Golden Summit Project, utilizing Dundee Sustainable Technologies’ GlassLock Process™. The process successfully increased the gold grade of the concentrate by 47% and significantly reduced arsenic content by over 98%, producing a non-toxic byproduct. These results support the project’s advancement towards a Pre-Feasibility Study, which will explore various development options and metallurgical recovery techniques, with the aim of optimizing operations and enhancing marketability.
Freegold Ventures Limited announced significant drill results from its Golden Summit project, with a notable intersection of 1.53 g/t Au over 191.3m in the Dolphin Zone. These results are part of a broader effort to update the mineral resource estimate and support a Pre-Feasibility Study scheduled for completion in early 2027. The drilling program aims to refine geological models and develop a higher-grade starter pit, enhancing the project’s economic potential. The ongoing metallurgical test work is crucial for maximizing resource potential and will inform the Pre-Feasibility stage.
Freegold Ventures Limited has announced promising results from eight additional drill holes at its Golden Summit project, highlighting the project’s resource potential. The 2025 drill program aims to upgrade resources, expand mineralization, and define boundaries within the Dolphin and Cleary Zones, with significant exploration potential remaining. The company has completed 54 drill holes, totaling over 36,000 meters, and continues to conduct metallurgical work and a pre-feasibility study to maximize the resource’s potential. These developments are crucial for Freegold’s strategic efforts to convert inferred resources into indicated ones and enhance its market positioning.
Freegold Ventures announced significant drilling results from its Golden Summit project, with notable gold intercepts indicating potential for resource expansion and increased grade. The ongoing 2025 drill program aims to upgrade resources, explore new mineralization areas, and support a pre-feasibility study, with a focus on maximizing gold recovery through advanced metallurgical processes.