Gossan Resources (GSS) AI Stock Analysis

• Market Cap: C$2.36M
• Dividend Yield: N/A
• Average Volume (3M): 51.22K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.33
• Revenue Growth: N/A
• EPS Growth: -266.67%
• Country: CA
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 67,459,650
• 10 Day Avg. Volume: 123,055
• 30 Day Avg. Volume: 51,218
• PEG Ratio: 0.02
• Price to Book (P/B): 5.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 64.69
• 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: 48 Neutral
• Price Target: C$0.04 ▲(0.00% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing operating losses, and historically volatile cash flow), partially offset by a debt-free balance sheet and a recent improvement to positive 2025 free cash flow. Technicals are supportive with an upward trend and moderately positive momentum, while valuation is constrained by a negative P/E and no dividend data.

Positive Factors

Debt-free balance sheet

Zero reported debt reduces fixed financing obligations and lowers bankruptcy risk, giving management flexibility to allocate future equity proceeds into exploration. For an early-stage explorer, a debt-free structure preserves optionality, limits interest burden and improves resilience over multiple funding cycles.

Improving operating cash flow (2025)

A shift to positive operating and free cash flow in 2025 indicates improved capital efficiency or lower burn, which can extend runway and reduce immediate financing needs. If sustained, this change materially lowers dilution pressure and increases ability to fund incremental exploration with internal resources.

Flexible explorer monetization model

Gossan's business model—funding early-stage work via equity and monetizing discoveries through optioning, JVs or asset sales—lets the company transfer development risk to partners while retaining upside. This structure is durable for explorers, enabling progress without large in-house capital expenditure.

Negative Factors

No revenue; persistent operating losses

Absence of operating revenue and recurring EBIT losses mean the company lacks operating scale and durable earnings power. Long-term viability depends on exploration success or third-party deals; failure to generate commercial discoveries risks chronic capital dependence and potential shareholder value impairment.

Highly volatile cash flow with prior deep burns

Large negative cash flows in 2023-24 followed by a small 2025 positive highlight extreme volatility in funding needs. Such swings constrain multi-year planning, increase the likelihood of repeated dilutive financings during downcycles, and reduce visibility on sustainable self-funding for exploration.

Uneven equity base and limited balance-sheet capacity

Historical equity erosion and episodic negative equity indicate repeated dilution and limited shareholder buffer. Combined with modest, fluctuating assets, this constrains the firm's ability to absorb prolonged losses or scale larger programs without external partners, raising long-term funding and execution risk.

Gossan Resources Business Overview & Revenue Model

Company Description

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the sturgeon lake greenstone belt of northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland. The company also owns interests in a portfolio of properties hosting gold, platinum group, and base metals, as well as specialty green battery metals, vanadium, titanium, tantalum, lithium, dolomite, and chromium. In addition, it holds production royalty interests in a high-purity silica sand deposit. Gossan Resources Limited was incorporated in 1980 and is headquartered in Winnipeg, Canada.

How the Company Makes Money

Gossan Resources makes money primarily through the exploration and potential development of its mineral properties. The company generates revenue by advancing its exploration projects to a stage where they can attract investment or partnership opportunities with larger mining companies. This can lead to joint ventures, option agreements, or outright sales of interests in its projects. Additionally, Gossan Resources may earn revenue from any future production activities if its exploration efforts are successful and lead to commercially viable mining operations. The company also continuously seeks strategic partnerships and collaborations to leverage its exploration assets and increase its financial stability.

Gossan Resources Financial Statement Overview

Summary

Income statement quality is weak with no revenue reported and persistent operating losses (negative EBIT across periods). Cash flow is improving with positive operating/free cash flow in 2025, but remains volatile after significant prior-year burn. The balance sheet is helped by zero reported debt, though equity has been uneven over time, limiting resilience if losses persist.

Income Statement

The company reports no revenue across the provided annual periods, indicating an early-stage or non-operating profile. Profitability is weak and volatile: net income swings from a one-off profit in 2024 (net income of 643,635) back to a loss in 2025 (net loss of 505,064), while operating results remain consistently negative (EBIT losses every year shown). Overall, the income statement reflects limited operating scale and a lack of durable earnings power.

Balance Sheet

Leverage appears conservative with total debt reported at 0 across all periods, reducing financial risk. However, the equity base is uneven and has shown meaningful dilution/erosion risk over time (including negative equity in 2020), and returns on equity are inconsistent (positive in 2024 but negative again in 2025). Asset levels are modest and fluctuate, suggesting limited balance-sheet capacity to absorb prolonged losses.

Cash Flow

Cash generation has improved recently, with positive operating and free cash flow in 2025 (25,868), a sharp reversal from deeply negative cash flows in prior years (e.g., -544,096 in 2024 and -1,264,471 in 2023). That said, cash flow remains volatile and small relative to historical burn, and the year-over-year free cash flow growth is strongly negative in 2025 (down 112.265%), highlighting instability and limited visibility on sustainable funding from operations.

Breakdown	TTM	Dec 2025	Dec 2023	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	-431.95K	0.00	-1.39M	643.63K	-2.24M	-482.02K
Net Income	-396.70K	-505.06K	-1.19M	643.63K	-2.24M	-482.00K
Balance Sheet
Total Assets	552.40K	552.85K	324.23K	943.96K	744.51K	467.74K
Cash, Cash Equivalents and Short-Term Investments	344.78K	305.86K	131.19K	192.09K	491.93K	331.48K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	219.26K	255.56K	244.31K	195.54K	394.90K	274.36K
Stockholders Equity	333.15K	297.29K	79.92K	748.41K	349.61K	193.38K
Cash Flow
Free Cash Flow	-201.81K	25.87K	-1.26M	-544.10K	-2.12M	-298.23K
Operating Cash Flow	-201.81K	25.87K	-1.26M	-544.10K	-2.12M	-298.23K
Investing Cash Flow	100.00K	100.00K	0.00	500.00K	0.00	0.00
Financing Cash Flow	32.90K	32.90K	903.73K	0.00	2.28M	602.49K

Gossan Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 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:GSS, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 64.40 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GSS.

Gossan 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%
AWE	50 Neutral	C$6.78M	-7.10	-17.08%	―	―	―
RKL	50 Neutral	C$4.97M	-2.43	-48.17%	―	―	42.16%
BOLT	49 Neutral	C$4.15M	-0.28	-185.17%	―	―	36.64%
GSS	48 Neutral	C$2.36M	-16.00	-33.93%	―	―	-266.67%
LEXI.H	35 Underperform	C$2.41M	-0.29	―	―	―	―