GoldHaven Resources (GOH) AI Stock Analysis

• Market Cap: C$12.59M
• Dividend Yield: N/A
• Average Volume (3M): 117.84K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.34
• Revenue Growth: N/A
• EPS Growth: 88.29%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 45,786,743
• 10 Day Avg. Volume: 150,569
• 30 Day Avg. Volume: 117,837
• PEG Ratio: 0.03
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.73
• 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: 57 Neutral
• Price Target: C$0.29 ▲(137.50% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is held back primarily by weak financial performance (pre-revenue, ongoing losses and cash burn despite low debt and improved equity). Technicals are a clear positive with strong trend and momentum, while valuation is neutral-to-weak due to negative earnings and no dividend yield data.

Positive Factors

Low leverage

Very low debt materially reduces financial risk and preserves strategic flexibility over months. A minimal leverage profile lowers fixed obligations, improving the company's ability to pursue exploration or development activities and access capital on better terms when needed.

Stronger equity and asset base

A materially strengthened equity and asset base provides a more robust funding cushion. Improved net equity supports near-term operations and project spending, reduces immediate refinancing pressure, and enhances creditor and partner confidence during the next funding cycles.

Narrowing losses and improving FCF trends

Consistent narrowing of net losses and an improvement in free cash flow burn indicate operational progress. If sustained, these trends reduce the frequency and size of external raises and point to improving cost control and a clearer path toward breakeven over the coming months.

Negative Factors

Pre-revenue status

Being pre-revenue with zero reported sales means the firm lacks an operating income stream. This structurally amplifies execution risk, prolongs reliance on capital markets, and makes forecasting future margins, cash generation and the timing of profitability highly uncertain.

Persistent cash burn

Consistent negative OCF and FCF demonstrate the company is burning cash and dependent on fresh financing. Continued burn raises dilution risk, shortens runway, and constrains strategic options until revenue generation or meaningful structural cost reductions occur.

Equity volatility and funding sensitivity

Volatile equity levels reflect recurring capital raises or valuation shifts, increasing the risk of dilution and planning uncertainty. This funding sensitivity can force financing under unfavorable terms and hamper consistent long-term investment or project development.

GoldHaven Resources Business Overview & Revenue Model

Company Description

GoldHaven Resources Corp., a junior exploration company, engages in acquiring, exploring, and developing mineral properties in Canada and Chile. It focuses on exploring gold, copper, and silver deposits located in the Maricunga Gold Belt of northern Chile consisting of Coya, Rio Loa, Alicia, Condor, Jacqueline, Valle, and Roma projects. The company was formerly known as Altum Resource Corp. and changed its name to GoldHaven Resources Corp. in July 2020. GoldHaven Resources Corp. was incorporated in 2019 and is headquartered in Vancouver, Canada.

How the Company Makes Money

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GoldHaven Resources Financial Statement Overview

Summary

Early-stage, pre-revenue profile with recurring losses and ongoing cash burn. Positives include minimal leverage and a materially strengthened equity/asset base in 2025 versus 2024, but TTM net loss (~$1.66M) and negative operating/free cash flow (TTM OCF ~-$1.55M; FCF ~-$1.71M) indicate continued reliance on external funding.

Income Statement

The company remains pre-revenue (revenue is 0 across all periods), and profitability is weak with recurring operating losses. Losses improved materially from 2023 to 2024 and continued to narrow into 2025, but TTM (Trailing-Twelve-Months) still shows a sizable net loss of about $1.66M, indicating the business has not yet reached a self-sustaining earnings profile.

Balance Sheet

Leverage is very low (debt is minimal to zero in most periods), which reduces financial risk. Equity and assets strengthened significantly from 2024 (when equity was negative) to 2025, with stockholders’ equity around $6.1M–$6.2M and total assets around $6.3M–$6.6M. The main weakness is continued losses, which pressure returns on equity (negative in 2025), and the historical volatility in equity levels signals ongoing funding and valuation sensitivity typical of early-stage companies.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are both outflows across all periods, including TTM (Trailing-Twelve-Months) operating cash flow of roughly -$1.55M and free cash flow of roughly -$1.71M. While free cash flow burn improved versus some prior years (and the latest TTM shows positive free cash flow growth versus the prior period), the company still relies on external financing to fund operations until it can scale revenue or materially reduce cash costs.

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-38.00K	-7.68K	-30.73K	-7.68K
EBITDA	-1.22M	-2.32M	-9.48M	-4.32M	-4.53M
Net Income	-1.24M	-2.32M	-9.49M	-7.65M	-4.69M
Balance Sheet
Total Assets	6.55M	43.90K	1.73M	10.36M	10.99M
Cash, Cash Equivalents and Short-Term Investments	1.27M	3.93K	8.26K	1.52M	1.28M
Total Debt	0.00	9.75K	0.00	71.69K	96.89K
Total Liabilities	379.13K	463.82K	310.75K	260.27K	262.22K
Stockholders Equity	6.17M	-419.92K	1.42M	10.10M	10.73M
Cash Flow
Free Cash Flow	-1.21M	-394.13K	-1.60M	-2.71M	-5.70M
Operating Cash Flow	-1.05M	-285.78K	-413.82K	-1.76M	-3.52M
Investing Cash Flow	-447.96K	11.17K	-1.20M	-952.66K	-2.18M
Financing Cash Flow	2.76M	270.28K	104.76K	2.95M	6.59M

GoldHaven Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOH, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.25, and below the 200-day MA of 0.16, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 47.74 is Neutral, neither overbought nor oversold. The STOCH value of 19.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GOH.

GoldHaven Resources 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%
GOH	57 Neutral	C$12.59M	-2.46	-42.65%	―	―	88.29%
GLM	50 Neutral	C$13.05M	-11.99	-5.30%	―	―	―
HUNT	48 Neutral	C$9.41M	-4.64	-23.39%	―	―	-104.65%
GOR	46 Neutral	C$3.67M	-11.88	―	―	―	-20.83%
BVA	45 Neutral	C$19.49M	-5.69	215.47%	―	―	30.00%
NEV	43 Neutral	C$5.68M	-1.72	-4.44%	―	―	―

GoldHaven Resources Corporate Events

GoldHaven Files NI 43-101 Report, Sets Up 2026 Drilling at Cassiar’s Magno Project

GoldHaven Resources has filed an NI 43-101 technical report for its Magno polymetallic project in the Cassiar district of British Columbia, marking a key step in advancing the large-scale exploration asset. The report underscores strong silver-gold-zinc-lead grades, notable indium enrichment and widespread tungsten mineralization, supporting the view that Magno hosts a significant porphyry-related system with stacked deposit types.

The company is backing this technical progress with a planned $2 million flow-through financing to fund 3D modelling, drill targeting and permitting, positioning Magno for an inaugural 2026 drill program. By integrating geological, geochemical and geophysical data to prioritize porphyry, carbonate-replacement and tungsten-skarn targets, GoldHaven aims to demonstrate the district-scale potential of Magno and strengthen its foothold in critical and precious metals exploration in the Cassiar camp.

The most recent analyst rating on (TSE:GOH) stock is a Hold with a C$0.37 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Expands Cassiar Footprint as Magno Project Grows to 37,200 Hectares

GoldHaven Resources has expanded its Magno Project in the Cassiar District of British Columbia to approximately 37,204 hectares through the acquisition of five contiguous mineral claims, paid for with 400,000 common shares and free of royalties or other encumbrances. The new claims consolidate the company’s land position in an area known for polymetallic mineralization, reinforcing Magno’s potential as a district-scale asset.

Recent work at Magno has confirmed high-grade silver-lead-zinc mineralization, strong tungsten-skarn development, elevated copper, and significant indium values, including what the company describes as the highest recorded indium grades in the Cassiar District. Backed by a planned $2 million flow-through financing, GoldHaven intends to advance 3D modeling, target refinement, and permitting in 2026, with a disciplined drill program aimed at copper-molybdenum porphyry centers, CRD-style silver-lead-zinc zones, and broader critical mineral targets, potentially enhancing the project’s strategic relevance for investors and the region’s mining sector.

The most recent analyst rating on (TSE:GOH) stock is a Sell with a C$0.24 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Taps Veteran Geologist to Advance Flagship Magno Project

GoldHaven Resources has appointed geologist Raymond Wladichuk as a technical advisor to its British Columbia team, with a mandate to help advance the company’s flagship Magno Project. Wladichuk, a Professional Geoscientist with over 15 years’ experience in mineral exploration, engineering, and construction across Canada, brings a broad background in base, precious, and industrial minerals.

In his new role, he will lead drill permitting efforts and help design and execute GoldHaven’s 2026 work program at Magno, a district-scale polymetallic property near the historic Cassiar mining district. The company’s leadership says the hire strengthens its technical bench at a pivotal time, potentially accelerating the Magno Project’s progression and bolstering GoldHaven’s positioning within the junior exploration sector.

The most recent analyst rating on (TSE:GOH) stock is a Sell with a C$0.24 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Targets $2 Million Flow-Through Financing to Advance Magno Critical Minerals Project

GoldHaven Resources plans to raise up to $2.0 million via a non-brokered critical mineral flow-through private placement, issuing up to 7,547,170 flow-through shares at $0.265 each with no warrants attached. Proceeds will fund eligible Canadian exploration expenditures at its Magno polymetallic project, supporting 3D modelling, target refinement, drill planning, and continued verification and expansion of mineralized zones across the district.

The financing follows a 2025 exploration program that confirmed Magno as a large, zoned hydrothermal system with standout critical mineral and precious/base metal results, including indium values up to 334 ppm, high-grade silver-lead-zinc mineralization, and strong, widespread tungsten. These results, along with elevated copper, bismuth, tellurium, and antimony, reinforce Magno’s potential as a significant porphyry-skarn system and strengthen GoldHaven’s strategic positioning in the critical minerals space.

The most recent analyst rating on (TSE:GOH) stock is a Sell with a C$0.24 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Confirms Bedrock Gold at Brazil’s Copeçal Project, Boosting Exploration Upside

GoldHaven Resources has reported initial diamond drill results from its first-ever drilling campaign at the high-priority West Gold-in-Soil Target within the Copeçal Gold Project in Brazil’s Juruena Gold Province. The program intersected anomalous gold mineralization in all four holes, with COPE-PDH-008 delivering 39 metres of gold-bearing unweathered bedrock beneath thick saprolite, confirming that a 6-kilometre surface anomaly is underlain by an in-situ hydrothermal gold system.

The confirmation of gold in fresh bedrock marks a key technical milestone for GoldHaven, validating its geological model and significantly enhancing the prospectivity of the West Target. While further work is needed to establish continuity, grades and economic potential, the results de-risk the exploration concept, support continued drilling and strengthen the project’s positioning within a historically productive gold district.

The most recent analyst rating on (TSE:GOH) stock is a Sell with a C$0.24 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Maps Porphyry-Style Zonation at Magno, Boosting Copper and Critical Minerals Potential

GoldHaven Resources has outlined property-scale, porphyry-related metal zonation at its Magno Project in northwestern British Columbia, confirming an intrusion-driven mineral system hosting stacked copper-gold, silver-lead-zinc, tungsten-skarn and critical-mineral targets. Recent geological mapping, sampling and geochemical analysis validate historical high-grade silver-lead-zinc and tungsten occurrences, reveal significant copper values in both mineralized zones and granite intrusions, and identify strong bismuth, tellurium, antimony and indium anomalies that point to deep fluid pathways and bolster the project’s critical-minerals potential. The metal distribution and structural controls at Magno resemble major polymetallic systems such as Morococha in Peru and Coeur Mining’s nearby Silvertip Mine, suggesting a potentially large, compositionally diverse mineral system and providing a more robust framework for future drill targeting and exploration strategy.

The most recent analyst rating on (TSE:GOH) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Reports High Indium Grades at Magno Property, Underscoring Critical Mineral Potential

GoldHaven Resources has reported significant indium enrichment at its Magno Property in northwestern British Columbia, following completion of its 2025 surface exploration program. Using modern analytical techniques, the company greatly expanded its geochemical dataset and identified robust indium distribution, with values reaching up to 334 ppm—far above average crustal background levels—and closely associated with high zinc grades in the Magno and D Zones and the Kuhn and Dead Goat showings. These results suggest structurally controlled fluid pathways and proximity to intrusive heat sources, reinforcing the exploration potential of the Magno system and positioning indium as a meaningful critical mineral vector in GoldHaven’s evolving exploration model. Although the project remains at an early stage with no defined mineral resources, the company notes that the indium grades observed are comparable to those reported at established deposits, supporting continued work on a critical mineral that is increasingly important for high-tech, clean energy and strategic industrial applications in North America.

The most recent analyst rating on (TSE:GOH) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Expands Tungsten Footprint at Magno Property With New Vines Lake Discovery

GoldHaven Resources has confirmed anomalous tungsten mineralization at the historical Kuhn and Dead Goat showings on its Magno Property in northwestern British Columbia and identified a new tungsten zone at Vines Lake, where the highest-grade sample from its 2025 surface program assayed up to 6,550 ppm tungsten. The results, which outline approximately 1.3 kilometres of anomalous tungsten mineralization at the Kuhn target and demonstrate structurally controlled skarn (manto-style) mineralization across multiple zones, significantly expand the known tungsten footprint at Magno and enhance the project’s profile as a potential critical-minerals asset in a secure jurisdiction, complementing its existing silver and base-metal systems and underscoring its strategic relevance amid concentrated global tungsten supply.

The most recent analyst rating on (TSE:GOH) stock is a Hold with a C$0.18 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Confirms Widespread Tungsten Mineralization and New Zone at Magno Property

GoldHaven Resources has confirmed anomalous tungsten mineralization at the historical Kuhn and Dead Goat showings and identified a new tungsten zone at Vines Lake on its Magno Property in northwestern British Columbia, with the highest-grade grab sample returning 6,550 ppm tungsten. The 2025 surface program validates historical data, extends the known footprint of tungsten across multiple structurally controlled skarn zones over roughly 1.3 kilometres at Kuhn, and underscores Magno’s potential strategic importance as a critical-mineral project in a secure jurisdiction, complementing the property’s existing silver and base-metal systems and potentially enhancing the company’s position in the North American tungsten supply chain.

The most recent analyst rating on (TSE:GOH) stock is a Hold with a C$0.18 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Confirms High-Grade Silver and Tungsten at Magno Property in B.C.’s Cassiar District

GoldHaven Resources has reported preliminary assays from its 2025 surface exploration program at the Magno Property, confirming high-grade silver values up to 2,370 g/t, lead over 20%, zinc up to 19.25%, tungsten up to 6,550 ppm and indium up to 334 ppm. The campaign verified multiple historical showings, outlined new targets and revealed geochemical zoning consistent with a large intrusive-related polymetallic system, strengthening the project’s potential scale and importance as a source of both precious and critical metals and providing a more detailed geochemical framework to guide future exploration work.

The most recent analyst rating on (TSE:GOH) stock is a Hold with a C$0.12 price target. To see the full list of analyst forecasts on GoldHaven Resources stock, see the TSE:GOH Stock Forecast page.

GoldHaven Completes Inaugural Drilling at Copeçal Project, Reports Key Findings

GoldHaven Resources has completed its inaugural diamond drilling campaign at the Copeçal Gold Project, marking an important milestone with nine drill holes totaling over 1,085 meters. Key findings include the interception of sulphide mineralization at the Eastern Gold-in-Soil Anomaly, where chalcopyrite-pyrite and bornite were identified, indicating multi-phase hydrothermal activity with further assay results pending. The discovery of deep saprolite profiles in the Western anomaly area also suggests potential for gold mineralization. These developments enhance GoldHaven’s exploration efforts and may significantly impact future geological targeting and stakeholder interests.