Excelsior Mining (GCU) AI Stock Analysis

• Market Cap: C$191.36M
• Dividend Yield: N/A
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): 25.0
• Beta (1Y): 1.66
• Revenue Growth: 128.86%
• EPS Growth: N/A
• Country: CA
• Employees: 48
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): -0.09
• Shares Outstanding: 402,854,370
• 10 Day Avg. Volume: 1,235,741
• 30 Day Avg. Volume: 1,101,111
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 56 Neutral
• Price Target: C$0.46 ▼(-3.33% Downside)

The overall stock score of 56 reflects significant financial challenges faced by Excelsior Mining, which weigh heavily on the assessment. Despite positive technical indicators suggesting bullish momentum, the company's precarious financial health and lack of dividend yield limit its attractiveness. The valuation is reasonable, but the financial instability poses substantial risks.

Positive Factors

In‑situ recovery method

Excelsior's in‑situ recovery approach materially lowers surface disturbance, capital intensity and water/energy use versus conventional mining. Over a multi‑year horizon this supports lower unit costs, easier permitting and stronger social license, improving project economics and scalability.

Exposure to structural copper demand

Long-term electrification, EV adoption and grid upgrades underpin durable copper demand. Excelsior's focus on copper aligns revenue potential with these secular trends, increasing probability of stable offtake opportunities and supportive pricing that can sustain cash generation if operations scale reliably.

Flagship Gunnison project in Arizona

Having its primary asset in Arizona reduces geopolitical and permitting risk versus many global jurisdictions. A U.S. location can ease access to capital, infrastructure and offtakers, supporting long‑term project development, regulatory predictability and lower sovereign risk for multi‑year operations.

Negative Factors

Negative shareholders' equity

Negative equity indicates liabilities exceed assets, constraining borrowing capacity and limiting flexibility for capex or working capital. Over months this elevates refinancing and covenant risk, forcing dilutive financing or asset sales that can weaken long‑term shareholder value and operational stability.

Poor cash flow generation

Sustained negative operating and free cash flow erode liquidity and increase dependence on external funding. A sharp FCF decline suggests current operations don't self‑fund working capital or growth, raising long‑term execution risk and likelihood of equity/debt raises that dilute or burden future cash flows.

Operational inefficiencies and falling revenues

Sharp revenue decline combined with negative gross margins signals structural operational issues or poor cost absorption. Unless fixed costs are cut or throughput materially improves, margins will remain impaired, limiting sustainable profitability and the firm's ability to reinvest for multi‑year growth.

Excelsior Mining Business Overview & Revenue Model

Company Description

Gunnison Copper Corp. engages in the acquisition, exploration, and development of copper mineral properties in the United States. The company also explores for zinc and silver deposits. Its flagship property is the Gunnison copper project consists of unpatented mining claims, private land, exploration permits, mineral leases, and direct ownership of mineral rights covering an area of approximately 10 square miles located in Cochise County, Arizona. The company also engages in the construction and operation of copper mines. The company was formerly known as Excelsior Mining Corp. and changed its name to Gunnison Copper Corp. in November 2024. Gunnison Copper Corp. is headquartered in Phoenix, Arizona.

How the Company Makes Money

Excelsior Mining generates revenue primarily through the sale of copper produced from its Gunnison Copper Project. The company employs an in-situ recovery method, which reduces operational costs and environmental impact while maximizing copper yield. Revenue streams include the direct sale of copper cathodes produced at the facility. Additionally, Excelsior Mining may engage in partnerships with other mining companies or stakeholders which can provide access to capital, technology, and market opportunities, further enhancing its earning potential. Market fluctuations in copper prices, demand from industrial sectors, and operational efficiency also play significant roles in determining the company's financial performance.

Excelsior Mining Financial Statement Overview

Summary

Excelsior Mining faces significant financial challenges with declining revenues, negative profit margins, and a weak balance sheet characterized by negative equity. Cash flow issues further exacerbate the situation, highlighting liquidity concerns. Overall, the financial health of the company is precarious, with substantial risks due to high leverage and operational inefficiencies.

Income Statement

Excelsior Mining's income statement reveals significant challenges. The company has experienced declining revenues, with a 67.4% drop from 2023 to 2024. Gross profit margins are negative, indicating costs exceed revenues. Although net income turned positive in 2024, this is due to non-operational factors, as EBIT and EBITDA margins remain negative, highlighting operational inefficiencies.

Balance Sheet

The balance sheet shows a concerning financial structure with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, but high debt levels pose a risk. The equity ratio is also negative, reflecting financial instability.

Cash Flow

Cash flow analysis indicates negative operating and free cash flows, suggesting liquidity issues. The free cash flow has worsened significantly, with a 140.6% decline from 2023 to 2024. The operating cash flow to net income ratio is negative, indicating cash flow challenges despite reported net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.27M	952.00K	2.92M	4.18M	5.03M
Gross Profit	-6.39M	-1.96M	-5.63M	-6.75M	-8.82M
EBITDA	5.42M	12.85M	-25.19M	37.22M	-69.07M
Net Income	1.43M	8.49M	-28.96M	34.88M	-69.65M
Balance Sheet
Total Assets	267.54M	137.93M	116.41M	118.76M	151.26M
Cash, Cash Equivalents and Short-Term Investments	22.88M	8.34M	6.19M	5.63M	20.85M
Total Debt	6.32M	16.66M	20.27M	15.80M	15.84M
Total Liabilities	327.89M	159.83M	147.13M	127.06M	194.70M
Stockholders Equity	-60.36M	-21.90M	-30.72M	-8.30M	-43.44M
Cash Flow
Free Cash Flow	-137.19M	-31.80M	-13.22M	-15.25M	-15.97M
Operating Cash Flow	-16.50M	-7.65M	-10.66M	-14.06M	-13.45M
Investing Cash Flow	-147.45M	-30.38M	2.67M	-1.18M	-2.56M
Financing Cash Flow	173.42M	40.16M	8.49M	0.00	23.22M

Excelsior Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GCU, the sentiment is Positive. The current price of 0.48 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.37, and above the 200-day MA of 0.31, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 72.88 is Negative, neither overbought nor oversold. The STOCH value of 69.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GCU.

Excelsior Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GCU	56 Neutral	C$191.36M	25.00	―	―	128.86%	―
ECU	55 Neutral	C$181.94M	-60.53	-13.14%	―	―	71.30%
ATCU	51 Neutral	C$129.86M	-89.68	-1.45%	―	―	―
CUU	39 Underperform	C$453.68M	-650.00	-0.82%	―	―	36.84%
LA	39 Underperform	C$357.39M	118.23	4.21%	―	―	-41.70%
HI	34 Underperform	C$114.37M	-6.53	-33.08%	―	―	22.47%

Excelsior Mining Corporate Events

Gunnison Copper Taps Lunasonde’s Advanced Survey Tech and Progresses Debt Conversion

Gunnison Copper Corp. has entered into a collaboration framework agreement with Lunasonde Inc. to deploy Lunasonde’s airborne georadiotomography technology over part of its Cochise Mining District holdings in southern Arizona, using high-resolution, non-invasive subsurface surveying to identify anomalies with potential for critical minerals and to enhance exploration targeting across its land position. In a separate development, the company reported a further US$500,000 debt-to-equity conversion under its Second Amended and Restated Credit Agreement with Nebari Natural Resources Credit Fund I LP, reducing the outstanding principal and potentially positioning Gunnison to fully repay the facility through additional conversions and expected proceeds from the sale of tax credits, which would strengthen its balance sheet as it advances copper development and production.

The most recent analyst rating on (TSE:GCU) stock is a Hold with a C$0.40 price target. To see the full list of analyst forecasts on Excelsior Mining stock, see the TSE:GCU Stock Forecast page.

Gunnison Copper Achieves Milestone with Rio Tinto’s Nuton Technology

Gunnison Copper Corp. has announced a significant milestone with the successful production of the first copper using Rio Tinto’s Nuton® Technology at the Johnson Camp mine in Arizona. This innovative bioleaching technology, which utilizes microorganisms to extract copper, marks a breakthrough in cleaner and more efficient copper production. The technology promises to enhance the domestic copper supply chain by producing copper with a significantly lower carbon footprint and water usage compared to traditional methods. This development not only strengthens Gunnison Copper’s position in the industry but also highlights the potential for Nuton to revolutionize copper processing globally, with plans for further deployment in North and South America.

Gunnison Copper Achieves Major Debt Reduction Milestone

Gunnison Copper Corp. has fully repaid the US$7.3 million non-convertible portion of its debt with Nebari Natural Resources Credit Fund I LP, marking a significant step in its debt reduction strategy. This repayment enhances the company’s financial flexibility and strengthens its balance sheet, positioning it better within the industry and providing potential benefits to stakeholders.

Gunnison Copper Mourns the Loss of Esteemed Director Colin Kinley

Gunnison Copper Corp. has announced the sudden passing of Colin Kinley, a long-serving Director and Chair of the Compensation Committee, who joined the company in 2010. Kinley was highly respected in the natural resources sector, and his loss is deeply felt by the company and its stakeholders. His contributions to Gunnison and the industry were significant, and his seat on the Board will remain vacant until a new Director is appointed at the next annual meeting.

Gunnison Copper Completes Final Tranche of Private Placement, Raising C$13.3 Million

Gunnison Copper Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately C$13.3 million. This funding will support the company’s ongoing projects, including the Gunnison Copper Project and the Johnson Camp Asset, enhancing its position in the copper industry and providing potential economic benefits to stakeholders.

Gunnison Copper Secures C$13.1 Million in Private Placement to Advance Flagship Project

Gunnison Copper Corp. has successfully closed a non-brokered financing, raising C$13.1 million through the issuance of 29,138,378 Units. The funds will be allocated towards drilling, metallurgical testing, permitting activities for the Gunnison Copper Project, and other financial obligations. This financing strengthens Gunnison’s position in advancing its flagship project, potentially enhancing its market standing and offering promising implications for stakeholders.

Gunnison Copper Unveils New Revenue Potential from Limestone Evaluation

Gunnison Copper Corp. has reported positive results from its evaluation of limestone at the Gunnison Project in southeast Arizona, revealing that 96% of the analyzed limestone meets industrial specifications for various products. This finding presents a significant opportunity to generate additional revenue by selling limestone previously categorized as waste, potentially enhancing project economics and diversifying revenue streams. The company plans to integrate these findings into its updated Preliminary Economic Assessment expected in Q1 2026, with ongoing work to expand sampling and evaluate commercialization options.