GoldON Resources (GLD) AI Stock Analysis

• Market Cap: C$5.98M
• Dividend Yield: N/A
• Average Volume (3M): 181.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: N/A
• EPS Growth: 79.47%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 62,975,200
• 10 Day Avg. Volume: 260,314
• 30 Day Avg. Volume: 181,148
• PEG Ratio: 0.08
• Price to Book (P/B): 3.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.57
• 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: 49 Neutral
• Price Target: C$0.10 ▲(4.00% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow implying continued financing/dilution risk). Offsetting factors include an improving technical trend (price above key moving averages with positive MACD) and supportive corporate updates around governance approvals and active exploration, while valuation remains constrained by loss-making results and no dividend.

Positive Factors

Debt-free balance sheet

Having no debt materially lowers financial risk and preserves optionality. For an exploration company this durable flexibility reduces the need to service interest, makes joint-venture or royalty deals easier to negotiate, and provides runway to prioritize value-driving field programs.

Narrowing losses trend

A sustained reduction in losses demonstrates improving cost control or more efficient capital deployment across programs. Over 2–6 months this trend can improve partner interest, reduce near-term financing pressure, and raise the odds of progressing to monetizable drill results or transactional outcomes.

Constructive corporate events

Shareholder governance support and an active West Madsen program represent structural progress: approvals unlock capital strategy and the program advances technical de‑risking. Successful exploration milestones can create long-term optionality for JV, sale, or royalty monetization.

Negative Factors

Pre-revenue business model

Without operating revenue, the company cannot self-fund activities or demonstrate margin sustainability. This structural reliance on exploration outcomes makes cash needs binary (success vs continued loss) and increases dependency on external financing for any sustained growth trajectory.

Persistent negative cash flow

Consistent negative operating and free cash flow creates a durable financing imperative. Over months this increases the probability of equity raises or dilutive transactions, constrains sustained program size, and can weaken negotiating leverage with potential JV partners or buyers.

Eroding equity and negative ROE

A shrinking capital base and persistently negative ROE indicate long-term shareholder value erosion. This reduces balance sheet resilience to exploration setbacks, limits ability to self-fund larger drills, and can impair market confidence when seeking partnership or financing options.

GoldON Resources Business Overview & Revenue Model

Company Description

Gold Finder Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Canada. The company primarily explores for gold and silver deposits. It holds interests in the West Madsen project located in the Red Lake Gold Camp; and the Slate Falls project located near Meen-Dempster Greenstone Belt within the Uchi Subprovince. The company also holds interest in the Pipestone Bay project located within the Red Lake Greenstone Belt near the west of the town of Red Lake; and the McDonough project located near the north of the town of Red Lake. In addition, it has an option to hold 100% interest in the Pakwash North project located near the town of Red Lake. The company was formerly known as GoldON Resources Ltd. and changed its name to Gold Finder Resources Ltd. in April 2025. Gold Finder Resources Ltd. was incorporated in 1977 and is based in Victoria, Canada.

How the Company Makes Money

GoldON Resources makes money through the exploration and development of mineral properties, primarily targeting gold deposits. The company's revenue model is centered around increasing the value of its mineral assets through exploration activities, which may lead to selling or joint venturing these assets with larger mining companies. Key revenue streams include raising capital through equity financing to fund exploration projects, and potential revenue from property sales or joint ventures if significant mineral resources are discovered. Additionally, partnerships with other mining companies can provide both financial and technical resources to advance exploration and development efforts.

GoldON Resources Financial Statement Overview

Summary

Pre-revenue explorer with consistently negative earnings and cash flow. Positives include a debt-free balance sheet and materially narrowing losses versus 2023, but persistent negative operating/free cash flow keeps funding and dilution risk elevated.

Income Statement

Across the period shown (including TTM (Trailing-Twelve-Months) ended 2025-09-30), the company reports no revenue and consistently negative gross profit, EBIT/EBITDA, and net income—typical of an early-stage exploration profile but still a weak earnings backdrop. Losses have narrowed materially from the very large loss in 2023 to smaller losses in 2024–TTM 2025, which is a positive trajectory, but profitability remains absent and margins are effectively non-existent given zero revenue.

Balance Sheet

The balance sheet shows no debt in the periods provided, which lowers financial risk and provides flexibility. However, equity has declined sharply versus earlier years and remains exposed to ongoing losses (negative return on equity in every period, though improving to about -37% in TTM (Trailing-Twelve-Months)). Asset and equity levels improved from 2024 to 2025, but the overall capital base is still pressured by continued cash burn.

Cash Flow

Cash generation is weak: operating cash flow is negative in every period, and free cash flow is also consistently negative, including TTM (Trailing-Twelve-Months) free cash flow of roughly -$0.73M. While annual free cash flow improved meaningfully in 2025 versus 2024, the latest TTM (Trailing-Twelve-Months) free cash flow deterioration (negative growth) highlights ongoing funding needs and the risk of further dilution or financing to sustain operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-72.00	-96.00	-13.55K	-152.00	-188.00	-236.00
EBITDA	-299.11K	-463.93K	-302.72K	-4.74M	-1.14M	-534.84K
Net Income	-300.04K	-464.84K	-1.02M	-4.75M	-1.14M	-536.00K
Balance Sheet
Total Assets	848.19K	890.83K	323.13K	797.01K	4.85M	5.91M
Cash, Cash Equivalents and Short-Term Investments	250.41K	291.30K	245.90K	116.10K	366.13K	835.68K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	56.06K	53.72K	35.50K	93.70K	31.34K	79.34K
Stockholders Equity	792.13K	837.11K	287.63K	703.31K	4.82M	5.83M
Cash Flow
Free Cash Flow	-731.20K	-383.16K	-274.62K	-926.06K	-478.05K	-3.37M
Operating Cash Flow	-298.95K	-383.17K	-206.89K	-289.17K	-155.45K	-846.93K
Investing Cash Flow	-504.23K	-494.43K	-24.82K	-596.89K	-297.60K	-2.52M
Financing Cash Flow	420.00K	922.00K	400.00K	617.03K	0.00	3.23M

GoldON Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 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:GLD, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.09, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.95 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GLD.

GoldON Resources 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%
MEX	50 Neutral	C$6.15M	-10.69	―	―	―	18.99%
GLD	49 Neutral	C$5.98M	-17.59	-40.98%	―	―	79.47%
MTH	49 Neutral	C$7.46M	-10.61	―	―	―	35.79%
AMZ	49 Neutral	C$5.54M	-13.16	-25.74%	―	―	98.11%
MLKM	39 Underperform	C$5.05M	―	-14.12%	―	―	―

GoldON Resources Corporate Events

Gold Finder Resources Secures Shareholder Approval for Key Resolutions

Gold Finder Resources Ltd. announced that its shareholders approved all resolutions at the annual general meeting, with over 98.5% of votes in favor. The resolutions included the reelection of directors, appointment of an auditor, and re-approval of the company’s stock option plan, which is subject to final acceptance by the TSX Venture Exchange. This approval is expected to strengthen the company’s governance and operational framework, potentially enhancing its market position and stakeholder confidence.