Gold Springs Resource (GRC) AI Stock Analysis

• Market Cap: C$28.30M
• Dividend Yield: N/A
• Average Volume (3M): 34.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: N/A
• EPS Growth: 11.43%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 283,013,500
• 10 Day Avg. Volume: 15,061
• 30 Day Avg. Volume: 34,636
• PEG Ratio: 0.00
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -46.38
• 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: 51 Neutral
• Price Target: C$0.11 ▲(32.50% Upside)

The score is primarily held back by weak financial performance—pre-revenue operations with ongoing losses and negative free cash flow—despite a very low-debt balance sheet that reduces solvency risk. Technicals are a near-term positive with price above major moving averages and a positive MACD, but valuation remains constrained by lack of profitability and no dividend support.

Positive Factors

Very low leverage

Exceptionally low debt materially reduces solvency risk and provides the company flexibility to fund exploration or technical studies without near-term debt pressure. This structural balance-sheet strength improves optionality for joint ventures or staged financing over the next 2–6 months.

Strategic asset in stable jurisdiction

Holding a gold–silver project on the Utah–Nevada border gives the company asset optionality in mining-friendly U.S. jurisdictions. That structural positioning supports access to permitting, potential partners, and long-term precious-metal demand, improving chances to advance toward value realization.

Improving cash burn trend

Although still negative, recent reductions in cash burn versus prior years indicate tighter spending discipline or more focused programs. That durable improvement extends runway, lowers near-term financing urgency, and increases probability of completing studies or partner talks within months.

Negative Factors

Pre-revenue operations

The company's value and cash generation hinge on advancing the Gold Springs asset rather than operating revenue. Persistent pre-revenue status means ongoing funding needs and execution risk for project milestones, creating structural dependence on capital markets or partner transactions.

Negative cash generation

Sustained negative operating and free cash flow constrain internal funding for exploration and technical work, forcing reliance on external capital or dilution. This durable constraint can slow project timelines and elevate execution risk until monetization or sizeable partner funding occurs.

Negative returns on equity

Despite a sizable equity base, negative ROE signals capital inefficiency and limited near-term shareholder value creation. Over the medium term this can raise cost of future equity financings, reduce investor appetite, and pressure management to deliver clear development or monetization catalysts.

Gold Springs Resource Business Overview & Revenue Model

Company Description

Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Gold Springs gold-silver project covering approximately 7,800 hectares located in eastern Lincoln County, Nevada, and western Iron County, Utah. The company was formerly known as TriMetals Mining Inc. and changed its name to Gold Springs Resource Corp. in November 2019. Gold Springs Resource Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Gold Springs Resource makes money primarily through the exploration and development of mineral resources, specifically focusing on gold and silver deposits. The company's revenue model is centered around the discovery and advancement of mining projects that can be sold or developed into producing mines. Key revenue streams include the sale of mineral rights, joint ventures, and partnerships with larger mining companies who may fund exploration in exchange for a stake in the project. Additionally, the company may generate income from any future production of gold and silver from its properties. Strategic partnerships, along with favorable market conditions for precious metals, significantly contribute to GRC's earnings potential.

Gold Springs Resource Financial Statement Overview

Summary

Early-stage/pre-revenue profile with persistent losses (TTM EBIT -$612.5K; net income -$639.0K) and ongoing cash burn (TTM operating cash flow/free cash flow -$313.1K). Balance sheet leverage is very low (debt ~$28.7K vs ~$24.27M equity), which limits solvency risk, but negative ROE and lack of operating revenue constrain the score.

Income Statement

The company is pre-revenue across the entire history provided (including TTM (Trailing-Twelve-Months)), with persistent operating losses (TTM EBIT of -$612.5K; net income of -$639.0K). While annual losses have generally narrowed versus 2022 (net loss -$1.17M) and 2020 (net loss -$1.35M), profitability remains structurally negative and depends on future project monetization rather than current operations.

Balance Sheet

Balance sheet leverage is extremely low (TTM debt of ~$28.7K against ~$24.27M of equity; debt-to-equity ~0.0012), which materially reduces solvency risk. However, returns to shareholders are negative in most periods (TTM return on equity about -2.6%), reflecting ongoing losses and limited near-term earnings power despite a sizable equity base.

Cash Flow

Cash generation is weak with consistently negative cash from operations and negative free cash flow (TTM operating cash flow and free cash flow of -$313.1K). Recent cash burn is lower than some prior years (e.g., 2021 operating cash flow of about -$942K), but free cash flow growth turned sharply negative in TTM, underscoring ongoing funding dependence until revenues or asset monetization emerge.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-38.90K	0.00	0.00	-53.78K	-40.88K	-26.33K
EBITDA	-555.60K	-497.00K	-539.00K	-1.02M	-1.48M	-857.67K
Net Income	-638.96K	-677.00K	-642.00K	-1.17M	1.12M	-1.35M
Balance Sheet
Total Assets	26.94M	26.18M	25.80M	25.78M	25.17M	23.72M
Cash, Cash Equivalents and Short-Term Investments	13.92K	36.01K	84.58K	278.02K	3.82M	1.60M
Total Debt	28.73K	27.80K	30.24K	29.53K	31.55K	31.42K
Total Liabilities	2.67M	1.47M	597.30K	1.44M	587.78K	756.91K
Stockholders Equity	24.27M	24.71M	25.20M	24.34M	24.58M	22.96M
Cash Flow
Free Cash Flow	-313.09K	-253.82K	-1.58M	-623.75K	-1.18M	-1.01M
Operating Cash Flow	-313.09K	-253.82K	-408.86K	-460.02K	-942.34K	-942.31K
Investing Cash Flow	-903.55K	-559.35K	-1.23M	-3.54M	3.16M	-1.35M
Financing Cash Flow	1.19M	763.55K	1.46M	530.94K	114.84K	52.27K

Gold Springs Resource Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 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:GRC, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.46 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GRC.

Gold Springs Resource 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%
GRC	51 Neutral	C$28.30M	-32.26	-2.66%	―	―	11.43%
GMV	48 Neutral	C$22.47M	-11.17	-18.67%	―	―	-98.99%
PRG	47 Neutral	C$52.15M	-36.64	-30.77%	―	―	-296.61%
DLTA	46 Neutral	C$24.44M	-5.64	-331.35%	―	―	44.39%

Gold Springs Resource Corporate Events

Gold Springs Resource Corp. Reports Q3 2025 Financial Results

Gold Springs Resource Corp. released its unaudited financial statements for Q3 2025, reporting a slight decrease in general and administrative expenses and an increase in exploration spending due to drilling activities. The company reported a net loss of $0.48 million for the nine months ending September 30, 2025, with cash reserves of $0.01 million, highlighting ongoing financial challenges and the need for careful management to sustain operations.