Golden Lake Exploration, Inc. (TSE:GLM)
:GLM
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Golden Lake Exploration
(GLM)
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Rating:54Neutral
Price Target:
C$0.11
▲(60.00% Upside)
Action:ReiteratedDate:04/22/26
The score is held back primarily by weak financial performance driven by a no-revenue profile, ongoing losses, and a history of cash burn, despite low leverage and some recent improvement in burn and losses. Technicals are supportive with the price above major moving averages and positive momentum, but valuation remains challenged due to unprofitability and no indicated dividend yield.
Positive Factors
Low leverage / sizeable equity base
A large equity base and almost no debt materially reduce solvency and covenant risk for an exploration company. This structural balance-sheet strength provides durable financing flexibility, allows sustained exploration programs without immediate refinancing pressure, and lowers tail risk during commodity cycle downturns.
Negative Factors
No revenue / non-revenue profile
Lack of any revenue means Golden Lake remains an exploration-stage entity dependent on capital markets rather than operating cash flows. Over the medium term this elevates financing risk: sustained value creation requires discovery or asset monetization, not guaranteed in exploration.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / sizeable equity base
A large equity base and almost no debt materially reduce solvency and covenant risk for an exploration company. This structural balance-sheet strength provides durable financing flexibility, allows sustained exploration programs without immediate refinancing pressure, and lowers tail risk during commodity cycle downturns.
Read all positive factors
Golden Lake Exploration (GLM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.48M
Dividend YieldN/A
Average Volume (3M)135.55K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS Growth32.29%
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
null...
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% | |
54 Neutral | C$12.48M | -9.64 | -5.30% | ― | ― | 32.29% | |
49 Neutral | C$4.84M | -7.81 | -18.13% | ― | ― | 7.28% | |
48 Neutral | C$12.18M | -13.37 | -42.65% | ― | ― | 93.97% | |
45 Neutral | C$7.84M | -9.22 | -23.39% | ― | ― | -103.89% | |
42 Neutral | C$9.06M | -2.79 | -133.71% | ― | ― | 2.00% |
* Basic Materials Sector Average
TSE:GLM
Golden Lake Exploration
0.11
0.07
175.00%
TSE:REX
Orex Minerals
0.25
0.13
108.33%
TSE:HAR
Harfang Exploration
0.06
-0.03
-31.25%
TSE:GOH
GoldHaven Resources
0.25
0.14
133.33%
TSE:HUNT
Gold Hunter Resources
0.05
-0.04
-44.44%
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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