Heritage Mining Ltd. (HML) AI Stock Analysis

• Market Cap: C$4.35M
• Dividend Yield: N/A
• Average Volume (3M): 178.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.59
• Revenue Growth: N/A
• EPS Growth: 53.53%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.04
• Shares Outstanding: 108,768,360
• 10 Day Avg. Volume: 108,415
• 30 Day Avg. Volume: 178,630
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -3.10
• P/FCF Ratio: 0.00
• 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

Heritage Mining Ltd. faces significant financial challenges with no revenue and persistent losses. However, recent corporate developments may offer future potential. Technical indicators are mixed, and the valuation is concerning due to negative earnings and no dividends. The overall score reflects high financial risk but acknowledges potential strategic advancements.

Heritage Mining Ltd. Business Overview & Revenue Model

Company Description

Heritage Mining Ltd. (HML) is a resource exploration and development company focused on the extraction and production of precious and base metals. Operating primarily in mineral-rich regions, HML engages in the exploration, development, and production of mineral resources with a particular emphasis on gold, silver, and copper. The company is committed to sustainable and responsible mining practices, leveraging advanced technologies to maximize resource extraction while minimizing environmental impact.

How the Company Makes Money

Heritage Mining Ltd. generates revenue through the exploration, development, and eventual sale of mineral resources. The primary revenue streams include the sale of extracted metals such as gold, silver, and copper to commodity markets and industrial clients. HML may also engage in strategic partnerships or joint ventures with other mining companies to enhance resource development and share operational costs. Additionally, the company might license exploration and mining rights to third parties, creating a secondary revenue stream. Key factors contributing to HML's earnings include market demand for metals, operational efficiency in mining processes, and the strategic location of their mining sites, which can impact cost-effectiveness and accessibility to resources.

Heritage Mining Ltd. Financial Statement Overview

Summary

Heritage Mining Ltd.'s financial performance is weak, with no revenue generation leading to negative gross profit, EBIT, and net income. The company has negative stockholders' equity and negative operating and free cash flows, indicating significant financial instability and risk.

Income Statement

Heritage Mining Ltd. has generated no revenue in the TTM period, resulting in negative gross profit, EBIT, and net income. The company shows a consistent trend of operating losses over the years, indicating a challenging financial position without revenue generation.

Balance Sheet

The balance sheet shows negative stockholders' equity in the TTM period, indicating financial instability. Additionally, the company has a debt load, although it appears minimal relative to total liabilities. The negative equity is concerning for the company's financial health.

Cash Flow

The cash flow statement shows negative operating and free cash flows, with a reliance on financing activities to cover deficits. This trend poses risks to sustainability, especially given the absence of revenue generation.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-94.61K	-57.11K	0.00	0.00	0.00
	EBIT
-1.55M	-2.41M	-2.97M	-484.26K	-306.84K
	EBITDA
-2.30M	-2.41M	0.00	0.00	11.04K
	Net Income Common Stockholders
-2.36M	-2.69M	-2.79M	-455.39K	-293.55K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
59.52K	172.21K	808.83K	1.01M	784.43K
	Total Assets
380.01K	535.64K	1.65M	1.09M	814.60K
	Total Debt
61.73K	85.72K	0.00	0.00	0.00
	Net Debt
2.21K	-86.49K	-808.83K	-1.01M	-784.43K
	Total Liabilities
298.67K	354.36K	198.01K	88.65K	58.96K
	Stockholders Equity
81.34K	181.28K	1.45M	1.00M	755.63K
Cash Flow		Free Cash Flow
-903.41K	-1.90M	-2.87M	-524.21K	-246.25K
	Operating Cash Flow
-903.41K	-1.90M	-2.87M	-524.21K	-246.25K
	Investing Cash Flow
0.00	0.00	1.50K	0.00	-1.50K
	Financing Cash Flow
737.77K	1.27M	2.67M	746.43K	1.03M

Heritage Mining Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 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:HML, the sentiment is Negative. The current price of 0.04 is equal to the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.28 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 Negative sentiment for TSE:HML.

Heritage Mining Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
K	80 Outperform	$24.77B	19.03	14.66%	0.83%	23.38%	131.87%
ABX	73 Outperform	$48.74B	16.90	9.00%	1.99%	15.40%	72.49%
NGD	73 Outperform	$3.92B	28.94	11.14%	―	18.32%	―
MUX	51 Neutral	$442.26M	3.61	-8.76%	―	4.96%	-182.95%
Sector *	48 Neutral	$1.92B	-1.99	-22.85%	3.95%	0.94%	-27.31%
HML	33 Underperform	C$4.35M	―	-1077.09%	―	―	53.53%

Heritage Mining Ltd. Corporate Events

Heritage Mining Receives Drill Permit and Expands Exploration Activities

Heritage Mining Ltd. has received drilling permits for the Zone 3 Extension of its Drayton – Black Lake project and has secured additional drill program contracts to support these activities. The company plans to commence drilling on February 10, 2025, which could enhance its exploration capabilities and potentially improve its market position within the mining industry.

Heritage Mining Secures Majority Stake in Drayton-Black Lake Project

Heritage Mining Ltd. has exercised its option to acquire a 51% ownership interest in the Drayton-Black Lake Project, a significant step in its strategic growth plan. This acquisition, supported by recent capital influx and strong market positioning, allows Heritage to focus on high-priority drilling targets and aims to deliver substantial shareholder value in the evolving gold sector.

Heritage Mining Welcomes Thomas Reid to Board of Directors

Heritage Mining Ltd. has appointed Thomas Reid, a former executive at Sun Life Financial, to its board of directors, succeeding James Fairbairn. Reid’s extensive experience in finance and corporate development is expected to contribute to Heritage’s strategic growth and stakeholder value as the company continues to develop its projects in Ontario.

Heritage Mining Acquires Full Interest in Zarn Lake

Heritage Mining Ltd. has exercised its option to acquire 100% interest in the Zarn Lake Claims, part of their Drayton-Black Lake Project in Ontario. This acquisition aligns with the company’s strategy to expand its ownership in a promising gold-rich district, with drilling set to recommence soon. The project is expected to target high-grade gold mineralization, enhancing the company’s exploration potential.

Heritage Mining Reveals Promising Exploration Results

Heritage Mining Ltd. has reported promising results from its Zone Three Extension exploration at the Drayton Black Lake project, revealing a notable granitic rock sample grading 7.38g/t of gold. The program also identified significant molybdenum values and successfully tested historical geophysical data for future exploration enhancements.

Heritage Mining Receives Key Exploration Permit

Heritage Mining Ltd. has received an exploration permit from the Ontario Ministry of Mines for its 2024/2025 Exploration Program at the Contact Bay property. This strategic move highlights the potential of the underexplored greenstone belts in Northwestern Ontario, positioning the company strongly for its Phase 1 initiatives.

Heritage Mining Expands Land and Boosts Exploration

Heritage Mining Ltd. has expanded its land holdings at the Drayton Black Lake project, aiming to leverage new areas of interest for gold mineralization. The company is enhancing its exploration capabilities with a leased drill and an experienced drilling team to boost efficiency in its Ontario Project Portfolio.