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Galleon Gold
(GGO)
Galleon Gold (GGO) vs. iShares MSCI Canada ETF (EWC)
Galleon Gold Business Overview & Revenue Model
Galleon Gold Financial Statement Overview
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -23.16K | -26.25K | -32.44K | -39.29K | -37.07K | -16.24K |
| EBITDA | 69.96K | -2.45M | -825.00K | -907.00K | -299.00K | -2.69M |
| Net Income | -915.84K | -3.18M | -1.26M | -972.00K | -345.00K | -7.08M |
Balance Sheet | ||||||
| Total Assets | 47.20M | 31.90M | 30.13M | 26.99M | 24.30M | 25.14M |
| Cash, Cash Equivalents and Short-Term Investments | 15.27M | 1.62M | 672.74K | 1.27M | 1.62M | 8.16M |
| Total Debt | 15.51M | 3.35M | 1.24M | 0.00 | 145.64K | 287.40K |
| Total Liabilities | 20.38M | 8.75M | 5.61M | 3.51M | 3.70M | 5.59M |
| Stockholders Equity | 26.82M | 23.15M | 24.52M | 23.48M | 20.60M | 19.55M |
Cash Flow | ||||||
| Free Cash Flow | -2.21M | -3.00M | -3.33M | -4.78M | -7.89M | -6.23M |
| Operating Cash Flow | -1.90M | -2.48M | -1.71M | -2.73M | -1.81M | -2.59M |
| Investing Cash Flow | -721.96K | -756.48K | -281.61K | -1.03M | -5.01M | -3.49M |
| Financing Cash Flow | 15.87M | 4.55M | 1.74M | 3.23M | -135.11K | 12.61M |
Galleon Gold 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% | |
57 Neutral | C$213.44M | -2.51 | -206.45% | ― | ― | -48.84% | |
56 Neutral | C$66.10M | -6.39 | -57.68% | ― | ― | -68.53% | |
50 Neutral | C$140.06M | -11.76 | -3.83% | ― | ― | ― | |
49 Neutral | C$64.97M | -9.17 | -300.84% | ― | ― | -7.00% | |
44 Neutral | C$53.30M | -12.03 | -259.26% | ― | ― | 30.90% | |
43 Neutral | C$81.14M | -5.68 | -50.93% | ― | ― | ― |
Galleon Gold Corporate Events
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 received environmental compliance approvals for air and noise, allowing surface construction and underground development to advance in line with engineering and regulatory plans.
With site preparation well underway, including road upgrades, erosion controls and partial completion of power line installation, Galleon Gold is moving toward its planned 86,500-tonne bulk sample and expanded underground exploration. Management views the bulk sample as critical to validating grade continuity and economic assumptions, a step expected to materially de-risk West Cache and strengthen the company’s positioning within the Tier-One Timmins gold camp.
The most recent analyst rating on (TSE:GGO) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Galleon Gold stock, see the TSE:GGO Stock Forecast page.
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 is designed to target extensions of known high-grade zones, expand or upgrade existing mineral resources, and test high-confidence exploration targets, which could significantly enhance the scale and quality of the project and strengthen the company’s position in the Timmins gold camp.
Recent drilling has focused on the contact between the Bristol Porphyry and Porcupine Assemblage metasediments, where geological features and deformation suggest favourable conditions for gold concentration. Mineralization at West Cache remains open in all directions and at depth, and the new drill campaign, supported by ongoing geological and structural modeling, aims to refine the resource base and support Galleon Gold’s broader strategy to unlock long-term shareholder value at this advanced-stage project.
The most recent analyst rating on (TSE:GGO) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Galleon Gold stock, see the TSE:GGO Stock Forecast page.
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 visibility among U.S. investors, improve trading liquidity, and broaden its shareholder base by providing more efficient and cost-effective access to U.S. capital markets, potentially supporting the funding and development of its flagship West Cache Gold Project in Ontario.
The most recent analyst rating on (TSE:GGO) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Galleon Gold stock, see the TSE:GGO Stock Forecast page.
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 competitive bidding process, the company awarded the initial construction work to Aki-Caron, a joint venture involving Caron Equipment and Mattagami First Nation, with early activities focused on building mine pads, access and haul roads, boxcut excavation, stockpiles, and initial water management infrastructure, while permanent water facilities will follow in a later phase. In parallel, Galleon Gold reports significant progress on utilities, with corridor clearing completed and about 60% of the high-voltage power line installation finished, a step that, together with recent financing and strategic partnerships, is expected to materially reduce technical and execution risks as the project advances toward potential full-scale development.
The most recent analyst rating on (TSE:GGO) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Galleon Gold stock, see the TSE:GGO Stock Forecast page.
Galleon Gold Corp. has completed a transformative 2025, raising $91.5 million to fully fund a bulk sample program at its West Cache Gold Project, securing regulatory approval of its closure plan, and initiating early site development work including tree clearing, road construction and initial hydro line installation. The financing, anchored by strategic investments and a senior secured debt facility from Pan American and the repurchase of a 3% net smelter return royalty from a Newmont subsidiary, significantly improves project economics and leaves the principal resource area royalty-free, positioning West Cache for feasibility-level studies and potential resource expansion. For 2026, the company plans to build out key surface infrastructure, commence underground development to access material for the 86,500-tonne bulk sample, and launch a targeted drill program both to infill the existing resource and test high-priority unexplored zones, aiming to grow the deposit and further de-risk the project for shareholders and partners.
The most recent analyst rating on (TSE:GGO) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Galleon Gold stock, see the TSE:GGO Stock Forecast page.
Galleon Gold has completed the repurchase and full extinguishment of a 3% net smelter return royalty on its West Cache Gold Project from a Newmont subsidiary, paying a total of $11 million to make the project’s principal resource 100% free of such royalties. Management says removing this royalty at the pre-development stage materially improves the project’s long-term economics and positions the company to capture more upside as West Cache advances toward development, supporting its broader strategy of de-risking and enhancing shareholder value.
Galleon Gold has secured a senior secured credit facility of up to $46 million from Pan American Silver, providing key funding alongside a recently completed $30 million equity raise to advance underground development and infrastructure for a bulk sample at its West Cache Gold Project and for general corporate purposes. The loan, which bears prime plus 7% interest over a 24‑month term and is secured against most of the company’s assets, also enables an initial $11 million draw to repurchase an existing 3% net smelter return royalty on the project, while Pan American’s decision to take its $1.15 million arrangement fee in shares modestly increases its equity stake and underscores its strategic support of the project, though the related‑party nature of the transaction required reliance on standard regulatory exemptions.