Golden Shield Resources Inc. (GSRI) AI Stock Analysis

• Market Cap: C$4.03M
• Dividend Yield: N/A
• Average Volume (3M): 27.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.97
• Revenue Growth: N/A
• EPS Growth: 75.02%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 13,199,179
• 10 Day Avg. Volume: 29,897
• 30 Day Avg. Volume: 27,434
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.34
• 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: 41 Neutral
• Price Target: C$0.32 ▲(14.29% Upside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses and cash burn despite improvement) and bearish technicals (trading below major moving averages with negative MACD). Valuation metrics provide limited support due to negative earnings and no dividend data.

Positive Factors

Low Leverage

A minimal-debt profile reduces structural financial risk for an exploration-stage company, lowering default probability and preserving flexibility. Over a multi-month horizon, low leverage makes it easier to pursue partnerships or project optioning without heavy interest burden, supporting survival through exploration cycles.

Improving Cash Burn and Losses

A material reduction in cash burn and operating losses indicates management progress on cost control and program prioritization. Sustained improvement extends runway and increases the odds that near-term financing needs are smaller, which materially improves the company's ability to advance drill programs or attract JV partners over the next several months.

Clear Exploration Business Model

A focused exploration model with explicit monetization pathways (sale, option/JV, partner-funded exploration) is durable: it aligns incentives to de-risk assets to milestone points attractive to acquirers or partners. Structurally, this reduces dependence on moving to production and supports strategic funding alternatives over time.

Negative Factors

Pre-revenue Profile

Remaining pre-revenue is a fundamental constraint: without operating income, the company lacks internally generated funding for exploration or development. Over a multi-month horizon this increases reliance on external capital, leaves project timelines uncertain, and means intrinsic business value depends on successful discovery or asset monetization.

Chronic Negative Cash Generation

Persistently negative operating and free cash flows create a structural funding gap that must be filled via equity or partner financings. This reliance increases dilution risk, can limit bargaining power in JV/sale talks, and makes the company sensitive to capital market conditions over the next several months to years.

Eroding Equity Base

A materially weakened equity base signals cumulative losses and possible balance-sheet deterioration, reducing capacity to absorb further write-downs or take on project-level guarantees. Over 2–6 months this constrains financing options, may deter partners preferring stronger counterparties, and raises long-term solvency concerns if losses persist.

Golden Shield Resources Inc. Business Overview & Revenue Model

Company Description

Golden Shield Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Guyana. It explores for gold deposit. The company's 100% owned flagship project is the Marudi Mountain Project that covers an area of 5,457 hectares located in southwestern Guyana. It also holds 100% interest in the Arakaka Project covering an area of 17,699 hectares; and the Fish Creek property covering an area of 6,028 hectares situated in the Barama-Waimi District of northwestern Guyana. Golden Shield Resources Inc. is headquartered in Vancouver, Canada.

How the Company Makes Money

Golden Shield Resources Inc. generates revenue primarily through the exploration and eventual sale or joint venture development of its mineral properties. The company invests in identifying and acquiring promising mining sites, conducting exploratory drilling and feasibility studies to assess the potential value of these resources. Once proven viable, GSRI may choose to sell its interests in these properties to larger mining companies or enter into joint ventures for further development and eventual production. Additionally, Golden Shield Resources may secure funding and partnerships with investors or other mining entities, which can provide financial inflows to support ongoing exploration and operational activities.

Golden Shield Resources Inc. Financial Statement Overview

Summary

Pre-revenue profile with recurring losses and ongoing negative operating/free cash flow indicates weak financial fundamentals and continued funding dependence. Offsetting this, leverage is minimal and 2025 showed meaningful improvement in net loss and cash burn versus 2024.

Income Statement

The company reports no revenue across the annual periods provided, indicating it is still in an exploration/pre-revenue stage. Profitability remains weak with recurring losses, though the loss narrowed materially in 2025 versus 2024 (net loss improved to about -$1.3M from about -$4.5M). Overall, the trend shows meaningful cost containment recently, but the business still lacks revenue generation and consistent earnings power.

Balance Sheet

Leverage is very low, with minimal debt in 2025 and none reported in prior years, which reduces financial risk. However, the equity base has fallen sharply from 2022–2023 levels to 2024–2025, reflecting sustained losses and/or capital structure changes, and returns on equity are strongly negative. In short: conservative debt profile, but weakening net worth and ongoing losses pressure balance-sheet quality.

Cash Flow

Cash generation is consistently negative, with operating cash flow and free cash flow below zero every year, signaling ongoing cash burn to fund operations. The cash burn improved substantially in 2025 versus 2024 (operating cash flow improved to roughly -$0.5M from roughly -$3.3M), but the company is still not self-funding and remains reliant on external financing over time.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.37M	-1.30M	-4.49M	-5.22M	-3.44M	0.00
Net Income	-1.31M	-1.31M	-4.49M	-7.82M	-9.57M	-194.11K
Balance Sheet
Total Assets	2.04M	2.04M	1.95M	5.94M	8.45M	773.07K
Cash, Cash Equivalents and Short-Term Investments	448.31K	448.31K	190.89K	3.49M	5.74M	563.86K
Total Debt	41.30K	41.30K	0.00	0.00	0.00	0.00
Total Liabilities	536.26K	536.26K	415.58K	183.31K	234.31K	282.70K
Stockholders Equity	1.51M	1.51M	1.53M	5.75M	8.22M	490.37K
Cash Flow
Free Cash Flow	-528.48K	-528.48K	-3.30M	-5.95M	-6.87M	-313.10K
Operating Cash Flow	-528.48K	-528.48K	-3.30M	-5.95M	-6.17M	-163.12K
Investing Cash Flow	0.00	0.00	0.00	-458.77K	-1.20M	-249.97K
Financing Cash Flow	781.45K	781.45K	0.00	4.17M	12.52M	6.00K

Golden Shield Resources Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GSRI, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.32, and below the 200-day MA of 0.32, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 61.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GSRI.

Golden Shield Resources Inc. 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%
ZFR	48 Neutral	C$5.65M	-19.70	-5.00%	―	―	21.43%
GGC	46 Neutral	C$4.27M	-10.48	-234.17%	―	―	26.19%
GSRI	41 Neutral	C$4.03M	-2.30	―	―	―	75.02%
IMR	41 Neutral	C$5.05M	-0.82	-27.44%	―	―	―
TRG	37 Underperform	C$8.35M	18.92	14.48%	―	―	―
SMP	17 Underperform	$6.15M	-0.49	-231.76%	―	―	-286.86%