Great Pacific Gold (GPAC) AI Stock Analysis

• Market Cap: C$67.78M
• Dividend Yield: N/A
• Average Volume (3M): 145.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.77
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 152,310,960
• 10 Day Avg. Volume: 223,080
• 30 Day Avg. Volume: 145,206
• PEG Ratio: -0.01
• Price to Book (P/B): 1.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.24
• 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: 43 Neutral
• Price Target: C$0.49 ▲(29.47% Upside)

The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and worsening cash burn) despite a low-debt balance sheet. Technicals are mixed-to-weak with negative MACD and price below key short/mid-term averages, while valuation is difficult to justify on earnings due to ongoing losses and no dividend support.

Positive Factors

Conservative balance sheet (no debt)

A debt-free balance sheet materially reduces interest expense risk and financial distress probability for a capital-intensive explorer. This durable strength lengthens runway, supports project-level optionality, and makes it easier to structure non-debt financing for resource advancement over the medium term.

Rising shareholders' equity

Growing equity increases internal funding capacity and enhances the company's ability to sustain exploration spending without immediate leverage. Over 2-6 months this supports credibility with partners and underpins staged financing or joint ventures that advance projects while limiting short-term liquidity strain.

Gold-focused exploration business model

A focused gold exploration strategy aligns the company with a structurally supported commodity that typically retains long-term demand and reserve value. For discovery-stage firms, successful drill results can create high-margin development optionality, making the business model capable of outsized returns if exploration proves productive.

Negative Factors

Pre-revenue with materially wider losses

Remaining pre-revenue while incurring a substantially larger net loss in 2024 undermines financial sustainability. Persistent operating deficits erode equity cushions, increase the frequency and size of required financings, and raise execution risk by diverting management focus to capital raises rather than project advancement.

Deepening negative cash flow

Worsening operating and free cash flow are durable warning signs: higher cash burn increases reliance on external financing and reduces strategic flexibility. Over the medium term, sustained negative cash generation can force project delays, asset sales, or unfavorable funding terms, impairing long-term development plans.

Increased reliance on external funding

Dependence on capital markets exposes the company to timing and dilution risk. Exploration firms that repeatedly tap external funding face shareholder dilution and may be vulnerable if market conditions tighten, which can slow or halt project progression and weaken long‑term value creation prospects.

Great Pacific Gold Business Overview & Revenue Model

Company Description

Great Pacific Gold Corp., a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Australia and Papua New Guinea. It primarily explores for copper and gold deposits. The company's flagship projects include the Wild Dog project comprising two granted exploration licenses covering an area of 1422 square kilometers located in the island of New Britain, Papua New Guinea; and the Kesar Creek project which comprises one granted exploration license covering an area of 130 square kilometers, as well as the Arau project which consists of two granted exploration licenses covering approximately 614 square kilometers both located in the Kainantu region, Eastern Highlands Province, Papua New Guinea. The company was formerly known as Fosterville South Exploration Ltd. and changed its name to Great Pacific Gold Corp. in September 2023. Great Pacific Gold Corp. was incorporated in 2019 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Great Pacific Gold Financial Statement Overview

Summary

Despite a conservative balance sheet with no reported debt and positive/rising equity, operating fundamentals are weak: the company remains pre-revenue, losses widened sharply in 2024, and operating/free cash flow burn deepened, increasing reliance on external funding.

Income Statement

The company is still pre-revenue (revenue is 0 across all annual periods) and continues to generate operating losses. Losses widened materially in 2024 versus 2023 (net loss of about -18.2M vs. -4.4M), indicating higher spending and weaker earnings quality near-term. A positive is that losses improved versus 2021, but the 2024 step-down meaningfully weakens the trajectory.

Balance Sheet

The balance sheet is conservatively positioned with no reported debt in all periods provided, which reduces financial risk and interest burden. Equity remains positive and grew in 2024 (stockholders’ equity ~24.9M vs. ~20.3M in 2023), supporting funding capacity. The key drawback is that ongoing losses and cash burn can pressure equity over time if additional capital is needed.

Cash Flow

Cash generation remains weak, with negative operating cash flow every year and deeper cash burn in 2024 (about -8.2M vs. -5.0M in 2023). Free cash flow is also consistently negative and deteriorated in 2024 (about -9.1M vs. -5.4M), signaling heavier spending requirements. While the company has been able to operate through periods of burn, the current run-rate increases reliance on external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-33.79K	-63.65K	-94.34K	-108.18K	-172.48K
EBITDA	-12.96M	-18.09M	-4.31M	-5.96M	-11.91M
Net Income	-12.99M	-18.17M	-4.41M	-6.07M	-12.10M
Balance Sheet
Total Assets	37.61M	26.84M	20.77M	16.85M	23.03M
Cash, Cash Equivalents and Short-Term Investments	17.51M	5.42M	11.22M	15.64M	21.65M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	4.64M	2.13M	470.00K	235.03K	392.70K
Stockholders Equity	32.51M	24.92M	20.30M	16.62M	22.64M
Cash Flow
Free Cash Flow	-11.39M	-9.06M	-5.43M	-6.08M	-8.49M
Operating Cash Flow	-11.17M	-8.19M	-5.00M	-5.97M	-8.20M
Investing Cash Flow	2.10M	-2.22M	220.88K	-126.91K	511.59K
Financing Cash Flow	20.20M	4.62M	380.00K	128.40K	-13.17K

Great Pacific Gold 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%
HWG	53 Neutral	C$41.47M	-24.35	-19.38%	―	―	69.15%
RPX	48 Neutral	C$81.74M	-7.05	-133.51%	―	―	47.21%
RISE	46 Neutral	C$48.59M	-5.32	-67.07%	―	―	2.75%
IVS	45 Neutral	C$68.79M	-22.45	-3699.15%	―	―	-2000.00%
GPAC	43 Neutral	C$67.78M	-4.11	-43.89%	―	―	―
GLDC	43 Neutral	C$61.93M	-7.41	-38.12%	―	―	-592.74%

Great Pacific Gold Corporate Events

Great Pacific Gold Awards Equity Incentives to Support PNG Exploration Push

Great Pacific Gold has granted 3,610,000 stock options and 3,030,000 restricted share units under its annual long-term incentive plan to officers, directors, key employees and consultants. The options are exercisable at $0.45 for five years and the RSUs expire in three years, with both instruments vesting in two equal tranches on the first and second anniversaries of the grant date. Management says the security-based awards are intended to align the core team with the long-term execution and success of its exploration programs, particularly at the flagship Wild Dog Project, underscoring GPAC’s focus on retaining and incentivizing talent as it advances an intensive multi-year drilling and exploration agenda across its Papua New Guinea portfolio.

The most recent analyst rating on (TSE:GPAC) stock is a Hold with a C$0.40 price target. To see the full list of analyst forecasts on Great Pacific Gold stock, see the TSE:GPAC Stock Forecast page.

Great Pacific Gold Completes Spin-Out of Walhalla Gold Corp.

Great Pacific Gold has completed the spin-out of Walhalla Gold Corp., distributing Walhalla shares to its shareholders. This strategic move allows Walhalla, which owns the Walhalla Gold Project in Victoria, Australia, to become a reporting issuer in British Columbia and potentially list on the Canadian Securities Exchange. The spin-out also results in the cancellation of GPAC’s Class A shares, with shareholders receiving new GPAC shares. This development is expected to enhance the company’s operational focus and market positioning while retaining a 2% net smelter return royalty on the Walhalla Gold Project.

Great Pacific Gold Reports Promising Drill Results at Wild Dog Project

Great Pacific Gold Corp. announced promising results from its Phase 1 diamond drill program at the Wild Dog Project, with a notable intercept of 9.5 meters at 13.8 g/t AuEq. The company plans to expand its drilling operations with a second drill rig arriving in January 2026, aiming for a significant increase in activity. The results enhance the geological confidence in the project, suggesting potential for a substantial epithermal system, and position the company for a transformative year ahead.