G Mining Ventures (GMIN) AI Stock Analysis

• Market Cap: $9.02B
• Dividend Yield: N/A
• Average Volume (3M): 927.24K
• Price to Earnings (P/E): 30.5
• Beta (1Y): 1.23
• Revenue Growth: 1069.24%
• EPS Growth: 4643.80%
• Country: CA
• Employees: 1,157
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.69
• Shares Outstanding: 227,543,330
• 10 Day Avg. Volume: 418,858
• 30 Day Avg. Volume: 927,244
• PEG Ratio: -0.01
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 8.39
• P/FCF Ratio: -10.94
• Enterprise Value/Market Cap: 0.50
• Enterprise Value/Revenue: 9.14
• Enterprise Value/Gross Profit: 13.88
• Enterprise Value/Ebitda: 10.50
• 1Y Price Target: $43.67
• Price Target Upside: 10.20% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: C$45.00 ▲(13.55% Upside)

The score is driven by strong technical momentum and a series of positive operational/project catalysts, supported by improved profitability and low leverage. It is held back primarily by weak cash conversion and deeply negative free cash flow, with valuation also looking relatively expensive at a 32.82 P/E and no dividend yield.

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 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	491.58M	145.25M	0.00	0.00	0.00	0.00
Gross Profit	323.79M	87.43M	0.00	0.00	0.00	0.00
EBITDA	428.20M	96.62M	-7.25M	-5.22M	-2.79M	-333.24K
Net Income	244.44M	62.01M	-7.18M	-1.90M	-2.82M	-494.56K
Balance Sheet
Total Assets	2.45B	1.47B	583.48M	259.11M	119.10M	1.16M
Cash, Cash Equivalents and Short-Term Investments	131.67M	141.22M	52.40M	82.70M	56.96M	870.21K
Total Debt	119.68M	114.76M	32.66M	32.03K	85.52K	0.00
Total Liabilities	595.22M	462.83M	322.33M	15.47M	2.64M	64.47K
Stockholders Equity	1.86B	1.01B	261.15M	243.64M	116.48M	1.10M
Cash Flow
Free Cash Flow	53.16M	-111.47M	-62.49M	-65.41M	-4.52M	-404.12K
Operating Cash Flow	294.11M	28.49M	242.89M	-1.16M	-4.47M	-404.12K
Investing Cash Flow	-339.62M	-119.83M	-309.59M	-91.79M	-24.00M	-124.99K
Financing Cash Flow	5.89M	190.31M	31.55M	123.57M	83.07M	813.01K

G Mining Ventures Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.63
• 50DMA: Positive
• 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 Positive. The current price of 39.63 is below the 20-day moving average (MA) of 40.13, above the 50-day MA of 33.70, and above the 200-day MA of 24.07, indicating a neutral trend. The MACD of 1.78 indicates Positive momentum. The RSI at 55.60 is Neutral, neither overbought nor oversold. The STOCH value of 38.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GMIN.

G Mining Ventures Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CGG	76 Outperform	C$11.25B	20.47	21.28%	0.24%	133.76%	―
GGD	74 Outperform	C$1.14B	45.79	5.38%	―	104.08%	832.86%
GMIN	72 Outperform	$9.02B	30.49	17.77%	―	1069.24%	4643.80%
ARIS	69 Neutral	C$4.82B	66.51	5.13%	―	62.92%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
EDR	58 Neutral	$3.98B	-28.63	-20.46%	―	50.37%	-191.85%
SLS	54 Neutral	$1.85B	-22.36	―	―	―	7.47%

G Mining Ventures Corporate Events

G Mining Ventures Secures Mining License for Oko West Project

G Mining Ventures has received a Mining License for its Oko West Gold Project in Guyana, marking a significant milestone in the project’s development. This approval allows for full construction and commercial gold production, positioning Oko West as a key asset for the company. The project is set to begin pre-production open-pit mining in early 2026, with the initial mining equipment fleet already being assembled. This development is expected to enhance GMIN’s industry positioning and deliver economic and social benefits to Guyana.

The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$45.00 price target. To see the full list of analyst forecasts on G Mining Ventures stock, see the TSE:GMIN Stock Forecast page.

G Mining Ventures Reports Strong Q3 2025 Results and Advances Key Projects

G Mining Ventures reported strong financial and operational results for Q3 2025, with a significant increase in gold production and robust financial performance, including record revenues and free cash flow. The company is advancing its Oko West project to full construction, backed by secured financing, and is enhancing profitability at its Tocantinzinho mine through tax incentives. These developments position G Mining Ventures for multi-asset growth and long-term value creation for shareholders.

The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$43.00 price target. To see the full list of analyst forecasts on G Mining Ventures stock, see the TSE:GMIN Stock Forecast page.

G Mining Ventures Strengthens Financial Position with First Drawdown on Credit Facility

G Mining Ventures Corp. has successfully completed the first drawdown of US$80 million from its US$350 million revolving credit facility to advance the Oko Gold Project in Guyana. This refinancing move, which repays an existing loan, is expected to save the company approximately US$1.5 million annually in interest, thereby strengthening its financial position and supporting ongoing growth and development efforts.

The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$43.00 price target. To see the full list of analyst forecasts on G Mining Ventures stock, see the TSE:GMIN Stock Forecast page.

G Mining Ventures Greenlights Construction of Oko West Gold Project

G Mining Ventures has announced the formal commencement of full construction for its Oko West Gold Project in Guyana, following the achievement of key permitting and financing milestones. The project, with an initial capital cost of $973 million, marks a significant step in the company’s growth strategy to become an intermediate gold producer. The construction activities are advancing on schedule, with detailed engineering 36% complete and significant procurement commitments already made. The project is fully permitted, and the company is actively engaging with the local community and implementing a comprehensive environmental and social management system. With a workforce primarily composed of Guyanese nationals, the project is expected to contribute to local economic development and is targeting its first gold production in the second half of 2027.

The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$35.00 price target. To see the full list of analyst forecasts on G Mining Ventures stock, see the TSE:GMIN Stock Forecast page.

G Mining Ventures Achieves Record Gold Production in Q3 2025

G Mining Ventures Corp. reported a record quarterly gold production of 46,360 ounces for Q3 2025 at its Tocantinzinho Gold Mine in Brazil, marking a 9% increase over the previous quarter. The company also saw a 23% rise in gold sales and improvements in processing and recovery rates, reflecting strong operational performance and positioning the company for continued growth.

The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$42.00 price target. To see the full list of analyst forecasts on G Mining Ventures stock, see the TSE:GMIN Stock Forecast page.

G Mining Ventures Secures Financing for Oko West Project and Strengthens Leadership

G Mining Ventures has secured a significant financing package totaling up to US$537.5 million to advance the development of its Oko West Gold Project in Guyana. This financial arrangement, which includes a revolving credit facility and equipment financing, positions the company to make a final investment decision on the project, reflecting confidence from major financial institutions and enhancing GMIN’s financial capacity. Additionally, the company has strengthened its leadership team with the appointment of Jamie Flegg as Vice President, Corporate Development, to support its growth strategy and engagement with global capital markets.

The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on G Mining Ventures stock, see the TSE:GMIN Stock Forecast page.