G Mining Ventures (GMIN) AI Stock Analysis

• Market Cap: $4.23B
• Dividend Yield: N/A
• Average Volume (3M): 593.38K
• Price to Earnings (P/E): 53.3
• Beta (1Y): 0.56
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 1,157
• Sector: Basic Materials
• Sector Strength: 69
• Industry: Other Precious Metals
• EPS (TTM): 0.15
• Shares Outstanding: 225,926,220
• 10 Day Avg. Volume: 789,178
• 30 Day Avg. Volume: 593,383
• PEG Ratio: 3.82
• Price to Book (P/B): 2.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.38
• Enterprise Value/Market Cap: 0.13
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -1.04K
• Enterprise Value/Ebitda: -15.09
• 1Y Price Target: $24.62
• Price Target Upside: 31.52% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 53 Neutral
• Price Target: ―

G Mining Ventures is in a developmental phase, with substantial investment in growth and no revenue generation yet. Operational challenges and high valuation present risks, but positive technical momentum and strategic initiatives to enhance production and efficiency offer potential for future growth. Investors should weigh these factors, particularly the high debt levels and ongoing cash burn, when considering the stock.

Positive Factors

Guidance and Production

Management reiterated its expectation for 56% of production to be weighted to the second half of the year, with stronger production and a decrease in costs expected.

Operational Improvements

A new liner system was installed, and May throughputs reached 108% of design capacity, showing improved mill performance.

Valuation

G Mining Ventures trades at a lower valuation compared to its peers, indicating potential for share price appreciation.

Negative Factors

Cost Concerns

AISC of ~$1,500/oz for Q2 is materially higher than the $960/oz in Q1 due to concentrated equipment deliveries and tailings construction.

Production Issues

Q1 production was below expectations due to a SAG mill liner failure, impacting performance.

Q1 Financial Performance

Shares could face near-term pressure following a Q1 miss relative to estimates and consensus, driven by unplanned mill liner maintenance.

G Mining Ventures Business Overview & Revenue Model

Company Description

G Mining Ventures Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. Its flagship project is the Tocantinzinho gold project that includes two mining concessions covering an area of 12,889 hectares, 23 exploration licenses covering an area of 76,116 hectares, and two applications for exploration licenses covering an area of 10,569 hectares located in Pará State, Brazil. The company was formerly known as Kanadario Gold Inc. The company was incorporated in 2017 and is based in Québec, Canada.

How the Company Makes Money

G Mining Ventures makes money by exploring and developing gold mining projects and ultimately producing and selling gold. The company's revenue model is primarily based on the extraction and sale of gold from its mining operations. This includes identifying promising gold deposits, conducting feasibility studies, and then developing these sites into productive mines. Once operational, the company sells the extracted gold on the open market, which constitutes its primary revenue stream. Additionally, G Mining Ventures may engage in strategic partnerships or joint ventures with other mining companies to share resources and expertise, contributing to its earnings. These partnerships can also provide additional funding or access to new mining opportunities, further enabling the company to expand its operations and increase revenue.

G Mining Ventures Financial Statement Overview

Summary

G Mining Ventures reflects financial characteristics typical of a developing mining operation. With zero revenue generation, negative gross profit, and increasing EBIT and EBITDA losses, it faces significant profitability challenges. The balance sheet shows substantial shareholder investment, but rising debt levels pose potential risks. Although operating cash flow has improved, the company continues to experience negative free cash flow and relies heavily on external financing.

Income Statement

G Mining Ventures has consistently reported zero revenue, leading to negative gross profit and net income figures. This reflects a lack of operational income and profitability, which is common in early-stage mining companies. The company exhibits growing losses in EBIT and EBITDA, highlighting operational challenges.

Balance Sheet

The balance sheet shows a relatively high level of stockholders' equity compared to total liabilities, indicating substantial shareholder investment. However, the debt-to-equity ratio has increased as the company has taken on more debt, which could pose a risk if not managed carefully. The equity ratio remains strong, suggesting prudent financial management.

Cash Flow

The cash flow statement reveals significant capital expenditures, reflecting the company's investment in growth. Operating cash flow has dramatically improved, but free cash flow remains negative, indicating ongoing cash burn. The company relies heavily on financing activities to support its operations.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-544.47K	-473.76K	-96.91K	-14.09K	0.00	0.00
	EBIT
-10.39M	-10.20M	-7.01M	-3.64M	-494.77K	―
	EBITDA
-9.85M	-9.72M	-6.91M	-3.63M	-494.77K	―
	Net Income Common Stockholders
-11.46M	-9.69M	-2.47M	-3.53M	-661.04K	―
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
28.16M	69.09M	110.96M	72.72M	―	―
	Total Assets
830.53M	774.95M	347.68M	152.03M	―	―
	Total Debt
101.88M	43.06M	43.41K	47.45K	0.00	0.00
	Net Debt
73.73M	-26.03M	-110.92M	-72.67M	―	―
	Total Liabilities
503.62M	428.11M	20.76M	3.34M	―	―
	Stockholders Equity
326.91M	346.84M	326.92M	148.69M	―	―
Cash Flow		Free Cash Flow
-213.94M	-88.60M	-125.51M	―	―	―
	Operating Cash Flow
186.48M	322.60M	-1.56M	―	―	―
	Investing Cash Flow
-400.83M	-411.18M	-123.16M	―	―	―
	Financing Cash Flow
75.62M	41.91M	165.81M	91.58K	―	―

G Mining Ventures Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 18.72
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GMIN, the sentiment is Negative. The current price of 18.72 is below the 20-day moving average (MA) of 19.94, below the 50-day MA of 19.55, and above the 200-day MA of 14.25, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.17 is Neutral, neither overbought nor oversold. The STOCH value of 32.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GMIN.

G Mining Ventures Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMIN	53 Neutral	$4.23B	53.29	8.90%	―	―	―
Sector *	51 Neutral	$2.04B	-1.26	-21.09%	3.98%	2.91%	-30.49%
EXK		$1.40B	―	-14.41%	―	―	―
ARIS	73 Outperform	C$1.62B	39.23	3.74%	―	26.36%	69.74%
CGG	67 Neutral	C$4.85B	19.75	9.91%	0.57%	275.12%	―
GLGDF		$536.86M	157.69	1.21%	―	―	―
SLSR		$760.33M	―	-9999.00%	―	―	―

G Mining Ventures Corporate Events

G Mining Ventures Unveils 2025 Production and Cost Strategy

G Mining Ventures has announced its 2025 production and cost guidance, highlighting plans to increase gold production at the Tocantinzinho Gold Mine to between 175,000 and 200,000 ounces. The company aims to enhance operational efficiency and control costs, with cash costs projected between $590 and $655 per ounce sold and all-in sustaining costs estimated between $995 and $1,125 per ounce. Additionally, G Mining Ventures is focusing on advancing the Oko West Gold Project and Gurupi exploration Project, with significant investments planned for exploration and development activities. These initiatives are expected to support the company’s growth strategy and improve its industry positioning by uncovering low-cost, high-value gold reserves.

G Mining Ventures Marks 2024 Milestones with Major Gold Production and Strategic Acquisitions

G Mining Ventures has celebrated significant achievements in 2024, including the on-time and on-budget completion of the Tocantinzinho Gold Mine in Brazil, which produced 63,566 ounces of gold. The company also acquired the Oko West Gold Project in Guyana and the CentroGold Project in Brazil, indicating a strategic expansion in its portfolio. These developments contributed to a 94% appreciation in its share price, positioning G Mining Ventures as a strong player in the mining sector. The corporation’s advancements are supported by a robust management team and a commitment to environmental, social, and governance principles, as evidenced by their ESG report and local employment initiatives.

G Mining Ventures Secures Interim Permit for Oko West Project

G Mining Ventures has received an interim environmental permit from Guyana’s Environmental Protection Agency for its Oko West Gold Project. This allows the company to proceed with early construction activities such as a barge landing facility and power generation. The permit strengthens G Mining’s collaboration with local communities and government bodies, positioning the company favorably for future development and potential growth in the mining sector.

G Mining Ventures Expands with CentroGold Acquisition

G Mining Ventures has successfully acquired the CentroGold Project from BHP, enhancing its portfolio with a significant gold resource in Brazil’s Gurupi Gold Belt. The project, with its vast potential for expansion, adds 1.7 million ounces of indicated and 0.6 million ounces of inferred gold resources to GMIN’s assets. Additionally, the appointment of Vincent Benoit to the Board underscores the company’s strategic focus on strengthening its leadership in the gold mining sector.

G Mining Ventures Reports First Gold Production Success

G Mining Ventures has reported its first gold production and financial results for the third quarter of 2024, marking its transition from a developer to a producer. The company achieved commercial production at its TZ gold mine, producing 22,071 ounces of gold and generating a net income of $24.3 million. With strong safety performance and strategic acquisitions, GMIN aims to continue its growth trajectory.

G Mining Ventures Secures Major Share Purchase Deal

G Mining Ventures has announced that Franco-Nevada will exercise 11.5 million share purchase warrants, resulting in the issuance of 2.875 million common shares for $21.85 million. This move marks an important step in G Mining Ventures’ capital growth, with Franco-Nevada’s support playing a crucial role in the development of the Tocantinzinho project in Brazil.