Japan Gold (JG) AI Stock Analysis

• Market Cap: C$33.56M
• Dividend Yield: N/A
• Average Volume (3M): 420.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: N/A
• EPS Growth: -70.25%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 305,099,200
• 10 Day Avg. Volume: 193,445
• 30 Day Avg. Volume: 420,396
• PEG Ratio: -0.22
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.37
• 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: 45 Neutral
• Price Target: C$0.11 ▼(-10.83% Downside)

Score is pressured primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn). Technicals also remain bearish with price below key moving averages and negative MACD, despite RSI near oversold. Valuation provides limited support due to negative earnings (negative P/E) and no dividend yield.

Positive Factors

Conservative Balance Sheet

Zero reported debt materially reduces solvency risk for an early-stage explorer. This structural strength lengthens runway vs. leveraged peers, lowers fixed obligations, and improves flexibility to fund exploration or negotiate partnerships without immediate pressure from creditors.

Sizable Equity and Asset Cushion

A multi-million equity base and stable asset base provide a tangible cushion to absorb exploration losses. That endurance supports multi-phase drilling programs and technical studies, increasing chance to advance targets to partnerable stages before needing dilutive financing.

Focused Japan Exploration Strategy

A clear, jurisdiction-specific exploration strategy creates durable competitive focus. Specialization in Japan can yield advantages in land access, regulatory familiarity, and local partnerships, improving the company's ability to assemble prospective positions and attract strategic joint-venture partners.

Negative Factors

Pre-revenue with Widening Losses

Persistent pre-revenue status and increasing net losses indicate the company is not yet generating operating returns. Over months this erodes equity, raises financing needs, and increases execution risk for advancing projects to value-creating milestones without continued external funding.

Ongoing Cash Burn and Funding Reliance

Sustained negative operating and free cash flow requires repeated capital raises or partner funding. This structural cash burn constrains the company's ability to control project timelines, risks dilutive financings, and may delay or limit drilling and technical programs essential for advancing assets.

Negative ROE and Dilution Risk

A materially negative ROE shows capital is not producing returns, increasing the likelihood of future equity issuances to fund exploration. Over time this dilutes existing shareholders and signals that current capital deployment has yet to generate sustainable value or operational leverage.

Japan Gold Business Overview & Revenue Model

Company Description

Japan Gold Corp., a mineral exploration company, engages in the exploration and evaluation of mineral properties in Japan. The company primarily explores for gold deposits. It holds a portfolio of 31 gold projects located on Hokkaido, Honshu, and Kyushu islands of Japan. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Japan Gold Corp generates revenue primarily through the exploration and potential development of gold mining projects. The company focuses on discovering and advancing gold deposits within its extensive portfolio of exploration licenses. Key revenue streams include the sale or joint development of discovered gold resources with larger mining companies, often through strategic partnerships or joint ventures. Japan Gold's partnerships with significant industry players provide additional financial resources and expertise, aiding in the exploration and potential commercialization of its gold projects. The company's earnings are significantly influenced by the success of its exploration activities, the market price of gold, and its ability to secure and maintain beneficial partnerships.

Japan Gold Financial Statement Overview

Summary

Early-stage, pre-revenue explorer with widening net losses (TTM net loss ~-5.8M vs. ~-4.2M in 2024) and continued cash burn (TTM operating/free cash flow ~-2.9M). Strength is a conservatively financed balance sheet with essentially no debt and a sizable equity base (~25.9M), reducing near-term solvency risk.

Income Statement

Japan Gold remains a pre-revenue business (revenue is 0 across annual periods and TTM (Trailing-Twelve-Months)), with recurring operating losses. Losses widened in TTM (Trailing-Twelve-Months) (net loss ~-5.8M) versus 2024 (~-4.2M) and 2023 (~-3.3M), pointing to higher spending and weaker near-term earnings trajectory. A positive is that losses have not been driven by leverage (no material interest burden shown), but overall profitability is clearly weak with no visible path to margin expansion in the reported data.

Balance Sheet

The balance sheet is conservatively financed with essentially no debt (debt-to-equity ~0 and total debt at 0 in recent periods), which materially reduces financial risk. Equity remains sizable (~25.9M in TTM (Trailing-Twelve-Months)) and assets are stable (~26.3M), providing a cushion to fund ongoing exploration-stage losses. The key weakness is consistently negative returns on equity (about -22% in TTM (Trailing-Twelve-Months)), reflecting ongoing dilution/erosion risk over time if losses persist.

Cash Flow

Cash generation is negative, with operating cash flow and free cash flow both meaningfully below zero in TTM (Trailing-Twelve-Months) (operating cash flow ~-2.9M; free cash flow ~-2.9M), indicating continued cash burn. Free cash flow improved versus 2024 (positive free cash flow growth), but the company is still reliant on external funding to sustain operations. A partial positive is that free cash flow broadly tracks reported losses (free cash flow to net income around ~1.0 in recent periods), suggesting losses are not heavily distorted by non-cash items, but the underlying burn remains the core issue.

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	-7.25K	-4.89K	-586.00K	-5.32K	-6.44K	-3.67K
EBITDA	-5.09M	-4.01M	-2.71M	-3.82M	-3.28M	-3.54M
Net Income	-5.79M	-4.16M	-3.27M	-3.94M	-3.33M	-3.71M
Balance Sheet
Total Assets	26.35M	27.44M	28.76M	28.48M	32.37M	20.66M
Cash, Cash Equivalents and Short-Term Investments	4.90M	80.47K	1.97M	2.14M	11.95M	2.37M
Total Debt	0.00	0.00	0.00	0.00	22.42K	107.72K
Total Liabilities	486.71K	940.05K	811.91K	1.21M	1.10M	1.13M
Stockholders Equity	25.86M	26.50M	27.95M	27.27M	31.27M	19.53M
Cash Flow
Free Cash Flow	-2.93M	-3.38M	-3.25M	-3.20M	-6.57M	-6.93M
Operating Cash Flow	-2.88M	-3.28M	-3.24M	-3.08M	-2.03M	-2.67M
Investing Cash Flow	-2.53M	-1.27M	-2.83M	-6.64M	-4.29M	-4.93M
Financing Cash Flow	9.09M	2.72M	6.01M	-22.49K	16.01M	8.61M

Japan Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JG, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.60 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:JG.

Japan Gold 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%
WHN	55 Neutral	C$60.87M	-31.76	-3.80%	―	―	58.19%
BRW	53 Neutral	C$62.27M	-20.34	-13.12%	―	―	74.95%
GFG	52 Neutral	C$46.89M	29.81	3.36%	―	―	―
RDG	52 Neutral	C$32.88M	74.19	2.73%	―	―	―
USGD	48 Neutral	C$44.91M	60.29	1.86%	―	―	―
JG	45 Neutral	C$33.56M	-5.34	-22.31%	―	―	-70.25%

Japan Gold Corporate Events

Japan Gold Extends Epithermal Gold Potential at Mizobe Project in Southern Kyushu

Japan Gold has reported new gold intercepts from two diamond drill holes totaling 1,156 metres at its Mizobe Project in southern Kyushu, including intervals of 1.82 g/t gold over 1.50 metres and 1.07 g/t gold over 2.0 metres, along with the first documented intersection of a banded chalcedony vein at the property. The results, which build on earlier 2023 drilling that returned higher-grade mineralization, confirm widespread hydrothermal alteration with anomalous gold, arsenic and antimony controlled by rock type in the upper parts of the holes, reinforcing Mizobe’s potential as a low-sulphidation epithermal system and guiding the company’s ongoing exploration to target zones where stronger mineralization may be developed.

The most recent analyst rating on (TSE:JG) stock is a Sell with a C$0.11 price target. To see the full list of analyst forecasts on Japan Gold stock, see the TSE:JG Stock Forecast page.

Japan Gold Corp. Spotlighted in NHK Documentary Amid Gold Price Surge

Japan Gold Corp. was featured on NHK’s documentary series ‘Today’s Close-Up,’ highlighting the company’s role in Japan’s emerging gold exploration sector amid record-high gold prices. The program underscored Japan Gold’s strategic operations in Kyushu and its alignment with Japan’s rich mining history, positioning the country as a promising destination for gold exploration. This exposure is expected to enhance Japan Gold’s visibility and reinforce its leadership in the industry, potentially attracting more stakeholders interested in the untapped potential of Japan’s gold resources.

Japan Gold Completes Geophysical Survey to Enhance Hakuryu Project Exploration

Japan Gold Corp. has completed a 34 line-kilometre CSAMT/AMT geophysical survey at its Hakuryu Project in Hokkaido, aimed at refining drill targeting for future exploration. The survey’s high-resolution images will assist in precise drill hole location planning, building on promising 2025 drill results that indicated potential high-grade mineralization. The Hakuryu Project, part of the historic Konomai gold field, has shown continuity of mineral intersections over a 145-metre strike, suggesting a larger unexplored corridor of alteration extending over 5km.

Japan Gold Corp. Reports Successful AGM Outcomes and Strategic Appointments

Japan Gold Corp. announced the successful outcomes of its Annual General Meeting, where all proposed resolutions were approved by shareholders. The re-election of directors and the continuation of the company’s 2023 Omnibus Equity Incentive Plan were confirmed, along with the reappointment of Davidson & Company LLP as auditors. The board appointed key officers, including John Proust as Chairman and CEO. The company also reaffirmed its market-making agreement with Independent Trading Group, ensuring continued support for its market-making activities. These developments reinforce Japan Gold’s strategic direction and operational stability, potentially enhancing its industry positioning and stakeholder confidence.