Galleon Gold (TSE:GGO)
:GGO
Top Page
Galleon Gold
(GGO)
Select Model
Select Model
Rating:43Neutral
Price Target:
C$1.00
▼(-24.24% Downside)
Action:ReiteratedDate:03/29/26
The score is primarily constrained by weak financial performance (pre-revenue, recurring losses, and sustained cash burn) and increased balance-sheet risk from a sharp rise in debt. Technical indicators add modest pressure due to negative momentum and price below key short-term averages, while valuation is limited by a loss-driven negative P/E and no dividend support.
Positive Factors
Project location and focus
Having West Cache near Timmins anchors Galleon Gold with a clear, single-asset development focus. Proximity to a historic mining district is a structural advantage for a development-stage miner, potentially easing access to regional services, infrastructure and skilled labor as the project advances.
Negative Factors
Pre-revenue status
Zero reported revenue means the company cannot self-fund operations and remains entirely dependent on external capital. This structural characteristic limits organic cash generation, increases financing risk, and makes long-term progress contingent on successful project development or ongoing capital access.
Read all positive and negative factors
Positive Factors
Negative Factors
Project location and focus
Having West Cache near Timmins anchors Galleon Gold with a clear, single-asset development focus. Proximity to a historic mining district is a structural advantage for a development-stage miner, potentially easing access to regional services, infrastructure and skilled labor as the project advances.
Read all positive factors
Galleon Gold (GGO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$130.73M
Dividend YieldN/A
Average Volume (3M)158.50K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding133,393,040
10 Day Avg. Volume174,359
30 Day Avg. Volume158,498
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)2.27
Price to Sales (P/S)0.00
P/FCF Ratio-34.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.75Price Target Upside184.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Galleon Gold Business Overview & Revenue Model
Company Description
Galleon Gold Corp. engages in acquiring, exploring, and developing mineral properties in Canada and the United States. The company primarily explores for gold, silver, platinum group elements, copper, nickel, and associated base and precious metal...
How the Company Makes Money
null...
Galleon Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
30
Negative
| Breakdown | Nov 2025 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -22.02K | -26.25K | -32.44K | -39.29K | -37.07K |
| EBITDA | -2.20M | -2.45M | -825.00K | -907.00K | -299.00K |
| Net Income | -2.54M | -3.18M | -1.26M | -972.00K | -345.00K |
Balance Sheet | |||||
| Total Assets | 48.10M | 31.90M | 30.13M | 26.99M | 24.30M |
| Cash, Cash Equivalents and Short-Term Investments | 14.10M | 1.62M | 672.74K | 1.27M | 1.62M |
| Total Debt | 16.80M | 3.35M | 1.24M | 0.00 | 145.64K |
| Total Liabilities | 21.77M | 8.75M | 5.61M | 3.51M | 3.70M |
| Stockholders Equity | 26.32M | 23.15M | 24.52M | 23.48M | 20.60M |
Cash Flow | |||||
| Free Cash Flow | -1.71M | -3.00M | -3.33M | -4.78M | -7.89M |
| Operating Cash Flow | -1.71M | -2.48M | -1.71M | -2.73M | -1.81M |
| Investing Cash Flow | -1.54M | -756.48K | -281.61K | -1.03M | -5.01M |
| Financing Cash Flow | 15.58M | 4.55M | 1.74M | 3.23M | -135.11K |
Galleon Gold Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
56 Neutral | C$71.51M | -6.39 | -57.68% | ― | ― | -68.53% | |
49 Neutral | C$63.63M | -9.17 | -300.84% | ― | ― | -7.00% | |
46 Neutral | C$201.92M | -2.51 | -206.45% | ― | ― | -48.84% | |
44 Neutral | C$46.26M | -12.03 | -259.26% | ― | ― | 30.90% | |
43 Neutral | C$130.73M | -23.50 | -10.29% | ― | ― | ― | |
43 Neutral | C$69.66M | -5.68 | -50.93% | ― | ― | ― |
* Basic Materials Sector Average
TSE:GGO
Galleon Gold
0.98
0.72
276.92%
TSE:GWM
Galway Metals
0.66
0.29
78.38%
TSE:GTCH
Getchell Gold Corp
0.23
0.06
35.29%
TSE:HMR
Homerun Resources
0.83
-0.24
-22.43%
TSE:GPAC
Great Pacific Gold
0.46
0.15
49.18%
TSE:TECT
Tectonic Metals
2.28
1.83
406.67%
Galleon Gold Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Galleon Gold Tightens Credit Terms With Pan American and Issues Stock Options
Positive
Mar 31, 2026
Galleon Gold Corp. has amended its credit agreement with Pan American Silver to eliminate the option of paying interest and standby fees in common shares, requiring all such obligations to be settled exclusively in cash while leaving other key ter...
Business Operations and StrategyExecutive/Board Changes
Galleon Gold Advances West Cache Development and Bolsters Senior Team
Positive
Mar 25, 2026
Galleon Gold reported steady progress on surface development at its West Cache Gold Project, with key water-taking permits secured, hydro line installation nearing completion, and box cut and temporary water treatment infrastructure advancing on s...
Business Operations and StrategyRegulatory Filings and Compliance
Galleon Gold Secures Water Permit, Starts Underground Development at West Cache
Positive
Mar 2, 2026
Galleon Gold has secured a key Category 3 Permit to Take Water for its West Cache Gold Project in Timmins, Ontario, enabling the start of primary box cut excavation that will serve as the portal for underground ramp access. The company has also re...
Business Operations and Strategy
Galleon Gold Sets February Start for Major West Cache Drill Program
Positive
Feb 18, 2026
Galleon Gold will launch the first phase of its 2026 diamond drill exploration program at the West Cache Gold Project on February 23, 2026, with contractor NPLH Drilling executing an 18,000-metre campaign through the winter and spring. The program...
Business Operations and StrategyDelistings and Listing Changes
Galleon Gold Upgrades to OTCQX Market to Boost U.S. Investor Reach
Positive
Jan 27, 2026
Galleon Gold has graduated to the OTCQX Best Market in the United States and has begun trading under the symbol “GGOXF,” moving up from the OTC Pink Basic Market tier. Management says the upgrade should enhance the company’s visi...
Business Operations and StrategyPrivate Placements and Financing
Galleon Gold Starts Surface Construction at West Cache as Project Enters Execution Phase
Positive
Jan 13, 2026
Galleon Gold has moved its West Cache Gold Project into the execution phase by launching surface site development to support an approved 86,500-tonne bulk sample, marking a key transition from permitting to active construction. Following a competi...
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.