G2 Goldfields Inc (GTWO) AI Stock Analysis

• Market Cap: C$1.71B
• Dividend Yield: N/A
• Average Volume (3M): 272.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: 23.81%
• EPS Growth: -139.39%
• Country: CA
• Employees: 112
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 258,234,000
• 10 Day Avg. Volume: 251,717
• 30 Day Avg. Volume: 272,922
• PEG Ratio: -0.35
• Price to Book (P/B): 7.05
• Price to Sales (P/S): 1147.92
• P/FCF Ratio: -20.99
• 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: C$10.88
• Price Target Upside: 64.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$8.00 ▲(20.85% Upside)

The score is held back primarily by weak financial performance (large losses and ongoing cash burn despite rising revenue) and limited valuation support due to unprofitability. These are partially offset by a low-risk capital structure (no debt) and strong technical momentum, though overbought signals add near-term risk.

Positive Factors

Conservative balance sheet (no debt)

Zero debt materially reduces financial distress risk for an exploration company with volatile cash needs. It preserves flexibility to pursue drilling and permitting programs, withstand commodity cycles, and negotiate project financing or JV terms from a stronger balance sheet over the next several months.

Accelerating revenue growth

A ~58% revenue increase and meaningful TTM improvement signal that the company is starting to generate commercial receipts beyond earlier exploration-only activity. Sustained topline growth helps absorb fixed exploration overhead and improves the pathway to operational scale and funding credibility over a 2–6 month horizon.

High reported gross margin on revenue

Very high gross margins suggest favorable direct economics on the company’s revenue-generating activities. If revenue continues to scale, this structural margin profile can translate into meaningful operating leverage and improved profitability potential once fixed costs and SG&A are controlled.

Negative Factors

Negative operating and free cash flow

Consistent negative operating and free cash flow indicate the business currently cannot self-finance exploration and development. Over 2–6 months this raises the necessity for external capital, limits discretionary investment, and increases execution risk for advancement of projects.

Persistent deep unprofitability

Large, ongoing operating and net losses show the company has not achieved commercial viability. Persisting losses reduce retained earnings, constrain reinvestment, and make it harder to demonstrate project economics to partners or lenders, heightening long-term dilution or project delays.

Rising reliance on external funding

Because cash generation is weak and losses persist, the firm will likely need additional equity or JV financing to fund exploration. This reliance creates dilution risk, timing uncertainty tied to markets, and conditionality on partner terms that can slow asset development and value realization.

G2 Goldfields Inc Business Overview & Revenue Model

Company Description

G2 Goldfields Inc. engages in the acquisition and exploration of gold deposits in Guiana. It primarily holds 100% interests in the properties located in the Oko Aremu District and Puruni District, Guyana. G2 Goldfields Inc. was incorporated in 2009 and is headquartered in Toronto, Canada.

How the Company Makes Money

G2 Goldfields Inc generates revenue through the exploration and development of gold mining projects. The company focuses on increasing the value of its properties by conducting detailed geological surveys, drilling programs, and feasibility studies. Once significant gold resources are identified and validated, the company may monetize these assets through various means such as selling or leasing mining rights, entering joint ventures, or eventually moving towards production, depending on the project's scale and potential. The company's earnings are significantly affected by gold market prices, exploration successes, and strategic partnerships with other mining companies or investors.

G2 Goldfields Inc Financial Statement Overview

Summary

Balance sheet strength (zero debt and a growing equity/asset base) reduces financial risk, but overall operating performance is weak: the company remains deeply unprofitable with persistent losses and negative operating cash flow/free cash flow, increasing reliance on external funding despite improving revenue off a small base.

Income Statement

TTM (Trailing-Twelve-Months) revenue increased meaningfully versus the latest annual period, but the company remains deeply unprofitable with large operating and net losses. Reported gross margin is very high, yet operating costs overwhelm the revenue base, resulting in sharply negative operating and net margins. Overall, growth is improving off a small base, but profitability and scale remain key weaknesses.

Balance Sheet

The balance sheet is conservatively structured with zero debt across periods, which reduces financial risk and provides flexibility. Equity and total assets have grown substantially over the last few years, indicating ongoing funding/support for the asset base. The main drawback is persistent negative returns on equity, reflecting continued losses despite the larger capital base.

Cash Flow

Cash generation is weak, with operating cash flow negative in the annual periods and in TTM (Trailing-Twelve-Months), implying the business is not self-funding. Free cash flow is also significantly negative and has worsened in the most recent periods, consistent with ongoing spend relative to the current revenue level. While cash burn may be expected for an early-stage gold company, the trend increases financing dependency.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	629.50K	530.65K	315.58K	346.11K	436.33K
Gross Profit	610.24K	518.23K	291.91K	294.15K	381.46K
EBITDA	-10.89M	-3.06M	-4.17M	-2.14M	-12.76M
Net Income	-10.94M	-3.10M	-4.43M	-2.20M	-12.92M
Balance Sheet
Total Assets	104.84M	64.09M	43.42M	17.90M	13.92M
Cash, Cash Equivalents and Short-Term Investments	24.37M	16.71M	15.82M	1.32M	2.11M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.36M	2.48M	2.02M	967.55K	1.02M
Stockholders Equity	102.48M	61.62M	41.40M	16.93M	12.90M
Cash Flow
Free Cash Flow	-34.42M	-20.14M	-10.84M	-6.27M	-6.09M
Operating Cash Flow	-5.02M	-1.25M	-1.05M	-1.44M	-2.41M
Investing Cash Flow	-29.60M	-18.91M	-10.25M	-4.83M	-3.72M
Financing Cash Flow	42.79M	21.25M	26.12M	5.48M	7.59M

G2 Goldfields Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GTWO, the sentiment is Positive. The current price of 6.62 is below the 20-day moving average (MA) of 6.97, above the 50-day MA of 5.87, and above the 200-day MA of 3.99, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 71.25 is Negative, neither overbought nor oversold. The STOCH value of 84.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GTWO.

G2 Goldfields Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELE	68 Neutral	C$1.94B	103.26	2.92%	―	131.18%	150.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RUP	60 Neutral	C$1.56B	―	―	―	―	―
RIO	59 Neutral	C$1.40B	335.05	3.01%	―	―	―
NFG	56 Neutral	C$1.26B	-17.17	-50.06%	―	―	28.06%
IAU	56 Neutral	C$1.73B	-6.80	-37.59%	―	70.93%	37.37%
GTWO	54 Neutral	C$1.71B	-132.93	-11.22%	―	23.81%	-139.39%

G2 Goldfields Inc Corporate Events

G2 Goldfields Extends High-Grade Gold Mineralisation at Guyana’s OKO Project With Deepest Drill Hit to Date

G2 Goldfields reported new diamond drilling results from its OKO Project in Guyana that further expand and confirm high-grade gold mineralisation both near surface and at depth, particularly in the Ghanie and Border zones. The latest 16-hole, 5,997-metre program delivered notable intercepts, including 39.3 g/t gold over 2.7 metres at the Border Zone and a deep 50-metre interval grading 2.4 g/t gold, including 23.5 metres at 4.0 g/t, in hole GDD256A, which is now the deepest intercept on the project and supports the geological model’s prediction of strong down-plunge continuity. With five drill rigs now committed to expanding these gold zones and additional assays pending from ongoing greenfields exploration, the results underscore the potential to grow the existing resource base, extend mine life beyond current estimates, and enhance the project’s economic and strategic significance for both the company and Guyana.

The most recent analyst rating on (TSE:GTWO) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on G2 Goldfields Inc stock, see the TSE:GTWO Stock Forecast page.

G2 Goldfields Unveils High-Margin Maiden PEA for Oko Gold Project in Guyana

G2 Goldfields has delivered a maiden Preliminary Economic Assessment for its high-grade Oko Gold Project in Guyana, outlining a combined open-pit and underground mine with a 14-year life and an updated mineral resource of 1.6 million ounces of gold in the Indicated category and 1.9 million ounces in the Inferred category. The study forecasts average annual production of 281,000 ounces of gold from years two through eleven at an all-in sustaining cost of $1,137 per ounce, supported by initial capital expenditures of $664 million and sustaining capital of $366 million, and indicates robust project economics with an after-tax NPV (5%) of $2.6 billion, a 39% IRR, and a 2.6-year payback at a base gold price of $3,000 per ounce, positioning Oko as a potentially high-margin, globally competitive development project within an emerging gold district in Guyana.

The most recent analyst rating on (TSE:GTWO) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on G2 Goldfields Inc stock, see the TSE:GTWO Stock Forecast page.

G2 Goldfields Announces Spin-Out Approval and Strategic Asset Realignment

G2 Goldfields Inc. announced the approval of a spin-out of its non-core assets into a new entity, G3 Goldfields Inc., following a shareholder meeting. The spin-out, which involves transferring certain assets and cash to G3, aims to enhance focus on core operations and is expected to be completed in the first quarter of 2026, pending regulatory approvals. This strategic move is anticipated to streamline G2’s operations and potentially unlock value for stakeholders by distributing G3 shares to G2 shareholders.

The most recent analyst rating on (TSE:GTWO) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on G2 Goldfields Inc stock, see the TSE:GTWO Stock Forecast page.

G2 Goldfields Plans Strategic Spin-Out of Non-Core Assets

G2 Goldfields Inc. has announced the filing of management information circulars and a technical report in preparation for a shareholder meeting to approve the spin-out of its non-core assets into a new subsidiary, G3 Goldfields Inc. This strategic move aims to streamline operations and potentially enhance shareholder value by focusing on core assets. The technical report, prepared by Micon International Limited, provides an independent assessment of these non-core assets, highlighting their potential value and impact on the company’s future exploration and development activities.

The most recent analyst rating on (TSE:GTWO) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on G2 Goldfields Inc stock, see the TSE:GTWO Stock Forecast page.