Golden Lake Exploration (GLM) AI Stock Analysis

• Market Cap: C$11.98M
• Dividend Yield: N/A
• Average Volume (3M): 135.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 99,863,846
• 10 Day Avg. Volume: 191,750
• 30 Day Avg. Volume: 135,546
• PEG Ratio: 0.10
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.89
• 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: 52 Neutral
• Price Target: C$0.07 ▲(1.43% Upside)

The score is held back mainly by weak financial performance (no revenue, ongoing losses, and cash burn), despite the mitigating strength of a debt-free balance sheet. Technicals are a key positive with price trading above major moving averages and supportive momentum indicators. Valuation remains constrained by negative earnings (negative P/E) and the absence of a dividend yield.

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 in the Jewel Ridge project that consists of 96 unpatented lode mining claims and 30 patented claims covering an area of 728 hectares located in the Eureka mining district, Nevada. Golden Lake Exploration Inc. was incorporated in 2018 and is based in Vancouver, Canada.

How the Company Makes Money

Golden Lake Exploration Financial Statement Overview

Summary

Operating fundamentals are weak with no revenue reported (2020–2024), persistent net losses, and ongoing cash burn/negative free cash flow. This is partially offset by a conservatively structured, debt-free balance sheet with relatively stable equity, which reduces near-term solvency risk.

Income Statement

The company reports no revenue across 2020–2024, indicating an early-stage/exploration profile rather than an operating business. Losses are persistent (net loss of ~$0.8M in 2024 vs. ~$1.25M in 2023), which shows some improvement year-over-year, but profitability remains weak with ongoing negative earnings and limited evidence of a repeatable operating model.

Balance Sheet

The balance sheet is conservatively structured with zero reported debt in every year shown, which materially reduces financial risk and provides flexibility. Equity is sizable and has been relatively stable (about $10.8M in 2024), though returns on equity remain negative due to continued losses—highlighting that while the capital base is solid, it is not currently generating positive shareholder returns.

Cash Flow

Cash generation is a clear weak spot: operating cash flow is consistently negative (about -$0.61M in 2024), implying ongoing cash burn to fund operations. Free cash flow is also negative, with a sharp deterioration in 2024 (free cash flow growth of about -51%), although burn levels have been somewhat steadier in prior years; overall, funding needs likely persist unless operating performance changes.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	3.39K	0.00	-9.23K	0.00	0.00	0.00
EBITDA	-565.75K	-833.50K	-697.75K	-412.76K	0.00	-869.57K
Net Income	-549.50K	-833.49K	-1.25M	-3.17M	-1.85M	-869.57K
Balance Sheet
Total Assets	11.12M	11.02M	9.86M	10.90M	12.25M	2.36M
Cash, Cash Equivalents and Short-Term Investments	34.01K	9.90K	101.61K	1.91M	5.54M	423.15K
Total Debt	49.25K	0.00	0.00	0.00	0.00	0.00
Total Liabilities	608.85K	249.59K	65.44K	48.83K	105.70K	50.13K
Stockholders Equity	10.51M	10.77M	9.79M	10.86M	12.14M	2.31M
Cash Flow
Free Cash Flow	-148.31K	-607.85K	-561.86K	-3.62M	-5.08M	-1.86M
Operating Cash Flow	-148.28K	-607.85K	-561.86K	-680.15K	-923.68K	-847.23K
Investing Cash Flow	-823.97K	-1.11M	-1.25M	-2.95M	-4.17M	-1.02M
Financing Cash Flow	869.73K	1.62M	8.00K	0.00	10.21M	2.28M

Golden Lake Exploration 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%
GLM	52 Neutral	C$11.98M	-21.82	-5.30%	―	―	―
GOH	52 Neutral	C$10.99M	-4.62	-42.65%	―	―	88.29%
REX	49 Neutral	C$7.97M	-2.33	-133.71%	―	―	-42.55%
HAR	49 Neutral	C$6.16M	-2.39	-19.36%	―	―	7.28%
HUNT	47 Neutral	C$13.33M	-4.97	―	―	―	-104.65%

Golden Lake Exploration Corporate Events

Golden Lake Exploration Secures Convertible Loan for Strategic Payments

Golden Lake Exploration Inc. has announced the issuance of an unsecured, convertible promissory note to borrow C$165,000, which will mature on October 29, 2026, with an annual interest rate of 10%. The funds from this loan will be used for advance royalty payments related to its Option Agreement with Greenlane Resources Ltd., potentially impacting the company’s financial strategy and operational focus.