Golden Lake Exploration, Inc. (TSE:GLM)
:GLM
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Golden Lake Exploration
(GLM)
Select Model
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Rating:43Neutral
Price Target:
C$0.11
▲(58.57% Upside)
Action:ReiteratedDate:03/20/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and historically negative cash flow) and a soft technical setup (trading below key short- and mid-term moving averages). Low leverage and improved 2025 cash burn/losses provide some stabilization, but valuation remains constrained by unprofitability and the absence of a dividend.
Positive Factors
Low leverage / equity-funded balance sheet
A largely equity-funded balance sheet with very low debt materially reduces solvency and refinancing risk for an exploration company. This structural strength provides runway flexibility to pursue drilling and option/JV negotiations without immediate debt pressure, supporting program continuity.
Negative Factors
No revenue and recurring losses
Absence of operating revenue and persistent net losses are fundamental constraints: the company has not demonstrated a path to internally generated cash. Over months this limits reinvestment capacity, keeps returns negative, and forces reliance on external capital to sustain exploration.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / equity-funded balance sheet
A largely equity-funded balance sheet with very low debt materially reduces solvency and refinancing risk for an exploration company. This structural strength provides runway flexibility to pursue drilling and option/JV negotiations without immediate debt pressure, supporting program continuity.
Read all positive factors
Golden Lake Exploration (GLM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.34M
Dividend YieldN/A
Average Volume (3M)135.55K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding113,448,845
10 Day Avg. Volume191,750
30 Day Avg. Volume135,546
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.48
Price to Sales (P/S)0.00
P/FCF Ratio-525.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Golden Lake Exploration Business Overview & Revenue Model
Company Description
Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets. It explores for gold and copper deposits. The company primarily holds a 100% undivided interest...
How the Company Makes Money
Golden Lake Exploration is an early-stage exploration company and does not typically generate recurring revenue from product sales. Its primary source of funding is raising capital through the issuance of equity (e.g., private placements and/or pu...
Golden Lake Exploration Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
33
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 | 0.00 | 0.00 | -9.23K | 0.00 | 0.00 |
| EBITDA | -467.59K | -833.50K | -697.75K | -412.76K | 0.00 |
| Net Income | -415.07K | -833.49K | -1.25M | -3.17M | -1.85M |
Balance Sheet | |||||
| Total Assets | 11.28M | 11.02M | 9.86M | 10.90M | 12.25M |
| Cash, Cash Equivalents and Short-Term Investments | 11.60K | 9.90K | 101.61K | 1.91M | 5.54M |
| Total Debt | 207.08K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 896.09K | 249.59K | 65.44K | 48.83K | 105.70K |
| Stockholders Equity | 10.39M | 10.77M | 9.79M | 10.86M | 12.14M |
Cash Flow | |||||
| Free Cash Flow | -9.47K | -607.85K | -561.86K | -3.62M | -5.08M |
| Operating Cash Flow | -9.47K | -607.85K | -561.86K | -680.15K | -923.68K |
| Investing Cash Flow | -113.82K | -1.11M | -1.25M | -2.95M | -4.17M |
| Financing Cash Flow | 125.00K | 1.62M | 8.00K | 0.00 | 10.21M |
Golden Lake Exploration 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% | |
49 Neutral | C$4.40M | -7.81 | -18.13% | ― | ― | 7.28% | |
48 Neutral | C$8.63M | -4.64 | -23.39% | ― | ― | -104.65% | |
45 Neutral | C$10.76M | -2.46 | -42.65% | ― | ― | 88.29% | |
43 Neutral | C$11.34M | -11.99 | -5.30% | ― | ― | ― | |
42 Neutral | C$9.06M | -2.79 | -133.71% | ― | ― | -42.55% |
* Basic Materials Sector Average
TSE:GLM
Golden Lake Exploration
0.10
0.05
100.00%
TSE:REX
Orex Minerals
0.25
0.09
56.25%
TSE:HAR
Harfang Exploration
0.05
-0.02
-33.33%
TSE:GOH
GoldHaven Resources
0.24
0.10
80.77%
TSE:HUNT
Gold Hunter Resources
0.06
-0.03
-38.89%
Golden Lake Exploration Corporate Events
Business Operations and StrategyM&A Transactions
McEwen to Acquire Golden Lake Exploration, Expanding Nevada Gold Footprint
Positive
Jan 29, 2026
McEwen Inc. has agreed to acquire all outstanding shares of Golden Lake Exploration Inc. in an all-share transaction that will make Golden Lake a wholly owned subsidiary and fold its Jewel Ridge and Jewel Ridge West properties into McEwen’s ...
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
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