Galane Gold (GG) AI Stock Analysis

• Market Cap: C$178.50M
• Dividend Yield: N/A
• Average Volume (3M): 128.40K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 2.02
• Revenue Growth: 145.27%
• EPS Growth: N/A
• Country: CA
• Employees: 209
• Sector: General
• Sector Strength: N/A
• Industry: Gold
• EPS (TTM): 0.05
• Shares Outstanding: 71,401,360
• 10 Day Avg. Volume: 84,566
• 30 Day Avg. Volume: 128,395
• PEG Ratio: 0.29
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 1.11
• P/FCF Ratio: 11.27
• 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: 71 Outperform
• Price Target: C$3.00 ▲(23.97% Upside)

Galane Gold's overall stock score is driven by strong technical indicators and a solid financial recovery, despite historical volatility. The stock's reasonable valuation further supports its attractiveness. Continued focus on maintaining profitability and cash flow stability will be crucial for sustained growth.

Positive Factors

Low Leverage

A debt-to-equity ratio of 0.07 signals very low financial leverage, providing durable flexibility to fund operations, exploration or weather commodity cycles without heavy interest burdens. This supports long-term capital allocation and reduces refinancing risk over the next several quarters.

Improved Cash Generation

Sustained free cash flow growth and an OCF-to-net-income ratio above 1 indicate higher quality earnings and improving cash conversion. Over a multi-month horizon this strengthens the company's ability to self-fund capex, sustain operations, and build reserves for exploration or downturns.

Revenue and Margin Recovery

Meaningful revenue growth alongside expanded gross and net margins reflects improved operating efficiency and stronger project economics. Durable margin improvement supports profitable cash generation, enhancing reinvestment capacity and resilience to moderate commodity price swings over 2–6 months.

Negative Factors

Historical Volatility

Prior swings in income and cash flow reduce predictability of free cash and earnings. For planning and funding decisions over the medium term, this volatility raises uncertainty around sustaining capex, dividend policies or financing needs if commodity or operational headwinds reappear.

Inconsistent Free Cash Flow

Episodes of negative free cash flow in prior years highlight risks that production, costs or capital timing can overwhelm cash generation. This undermines the durability of internal funding and may force intermittent external financing or curtailment of exploration and development programs.

Operational Concentration

High reliance on a single operating asset and concentrated geography increases exposure to operational disruptions, resource depletion, and regional regulatory or political risks. Over a multi-month horizon, any mine-specific or jurisdictional issue could materially impair revenue and cash flow stability.

Galane Gold Business Overview & Revenue Model

Company Description

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties. It operates two mines, which include the Mupane Property located in the Republic of Botswana; and the Galaxy Property that covers an area of 58.6 square kilometers situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

How the Company Makes Money

Galane Gold generates revenue primarily through the production and sale of gold. The company operates its mining sites where it extracts gold ore, which is then processed and refined into gold bars or bullion. The key revenue streams include the sale of gold produced from its Mupane Gold Mine and any additional gold extracted from exploration activities at its other properties. The company also benefits from price fluctuations in the global gold market, which can significantly impact its earnings. Additionally, Galane Gold may engage in strategic partnerships or joint ventures, which could enhance its operational efficiency and market reach, contributing to its overall revenue.

Galane Gold Financial Statement Overview

Summary

Galane Gold shows strong financial performance with significant revenue growth and improved profitability metrics. The balance sheet is stable with low leverage, and cash flow generation is robust. However, historical volatility in financial performance suggests potential risks.

Income Statement

Galane Gold's income statement shows a strong recovery with a significant revenue growth rate of 25.65% in the TTM period. The company has improved its profitability metrics, with a gross profit margin of 33.71% and a net profit margin of 18.99%. The EBIT and EBITDA margins have also improved to 24.53% and 30.97%, respectively, indicating efficient cost management and operational improvements. However, the company has experienced volatility in past years, with negative net income and margins, which poses a risk to sustained profitability.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.071, indicating minimal leverage. The return on equity has improved to 13.87% in the TTM period, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly provided, and past periods show fluctuating returns, which could indicate potential risks in maintaining consistent financial stability.

Cash Flow

Galane Gold's cash flow statement highlights a robust free cash flow growth rate of 83.10% in the TTM period, suggesting strong cash generation capabilities. The operating cash flow to net income ratio of 1.44 indicates good cash conversion efficiency. However, historical data shows periods of negative free cash flow, which could pose challenges in sustaining cash flow stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	27.49M	13.83M	9.37M	13.17M	2.94M	49.07M
Gross Profit	10.54M	1.88M	349.30K	1.66M	-429.66K	11.19M
EBITDA	10.16M	1.26M	-486.73K	110.63K	508.62K	-2.41M
Net Income	7.32M	-1.17M	-2.15M	-970.44K	-3.95M	4.43M
Balance Sheet
Total Assets	51.88M	45.70M	42.37M	42.62M	58.79M	54.15M
Cash, Cash Equivalents and Short-Term Investments	2.18M	335.46K	113.21K	639.03K	889.56K	4.97M
Total Debt	2.16M	3.89M	4.55M	3.03M	2.32M	15.65M
Total Liabilities	14.61M	15.61M	11.11M	9.27M	27.09M	30.33M
Stockholders Equity	37.27M	30.09M	31.26M	33.35M	31.69M	23.81M
Cash Flow
Free Cash Flow	9.39M	1.36M	-1.17M	-92.58K	-9.67M	2.24M
Operating Cash Flow	13.11M	4.54M	-18.76K	1.15M	4.58M	13.88M
Investing Cash Flow	-3.72M	-3.18M	-1.15M	-1.56M	-12.75M	-7.25M
Financing Cash Flow	-7.76M	-1.14M	649.56K	252.15K	4.21M	-3.85M

Galane Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GG, the sentiment is Positive. The current price of 2.42 is above the 20-day moving average (MA) of 2.33, above the 50-day MA of 2.07, and above the 200-day MA of 1.21, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 56.80 is Neutral, neither overbought nor oversold. The STOCH value of 69.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GG.

Galane Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGN	73 Outperform	C$185.20M	40.93	9.02%	―	39.37%	―
GG	71 Outperform	C$178.50M	17.32	14.01%	―	145.27%	―
MJS	68 Neutral	C$177.25M	15.77	7.20%	8.87%	28.21%	-9.76%
XTG	64 Neutral	C$152.11M	32.83	23.36%	―	―	379.90%
KTO	59 Neutral	C$150.73M	-66.67	-7.04%	―	―	-62.50%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
MGG	55 Neutral	C$230.03M	-20.28	-89.19%	―	―	-70.87%

Galane Gold Corporate Events

Golconda Gold Achieves Record Q3 Production at Galaxy Mine

Golconda Gold Ltd. announced a significant increase in gold production at its Galaxy Gold Mine, with a record 3,588 ounces produced in Q3 2025, marking an 18% rise from Q2 2025 and a 51% increase from Q3 2024. This boost in production is attributed to increased ore mining from the Princeton orebody, leading to substantial operational cash flow. The company is using this cash flow to reduce debt and invest in expanding its operations, including refurbishing infrastructure to enable mining on a second level at the Galaxy ore body by the end of 2025.

The most recent analyst rating on (TSE:GG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Galane Gold stock, see the TSE:GG Stock Forecast page.