Warrior Gold Inc (KLDC) AI Stock Analysis

• Market Cap: C$41.11M
• Dividend Yield: N/A
• Average Volume (3M): 570.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.59
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 25
• Sector: General
• Sector Strength: N/A
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 161,207,890
• 10 Day Avg. Volume: 447,655
• 30 Day Avg. Volume: 570,570
• PEG Ratio: 0.04
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.44
• 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$0.25 ▼(-21.25% Downside)

The score is primarily held back by weak financial performance (no revenue, widening losses, and rising cash burn), which increases ongoing funding risk despite low leverage. Technicals are moderately supportive with price above key moving averages and neutral-to-positive momentum, but valuation remains constrained by negative earnings and no dividend data.

Positive Factors

Low leverage / strong solvency

Near-zero debt materially reduces solvency and interest burden risk, giving the company structural flexibility to fund exploration via equity or project financing. This durable capital structure lowers default risk and preserves operational optionality through multi-quarter exploration programs.

Exploration-stage business optionality

As an early-stage explorer, the firm's core model is discovery-led, providing long-term upside if resources are defined. This structural optionality can transform the enterprise economics permanently if projects advance, making current spending an investment in potential future cash-generating assets.

Lean operating footprint

A small headcount indicates a lean cost base and operational agility, which helps conserve cash and extend runway relative to larger peers. Structurally lower fixed overhead supports capital efficiency for multi-stage exploration campaigns and reduces burn pressure per project.

Negative Factors

No revenue / pre-revenue profile

Absent operating revenue, the company lacks internal cash generation to fund activities, making it reliant on capital markets. Over a multi-quarter horizon this raises execution and funding risk, since project progress and returns must be financed externally rather than self-funded.

Widening losses and accelerating cash burn

Rising operating losses and sharply higher cash burn are structural negatives: they shrink liquidity and shorten the time horizon for self-sustaining operations. Persistent negative free cash flow increases probability of dilutive financings or project slowdowns, pressuring long-term value creation.

Declining equity and negative returns on capital

A shrinking equity base and sustained negative ROE indicate capital has not generated returns, reflecting value erosion. Structurally, this heightens dependence on new capital injections, raises dilution risk, and signals difficulty converting exploration spending into positive investor returns over the medium term.

Warrior Gold Inc Business Overview & Revenue Model

Company Description

Kirkland Lake Discoveries Corp. engages in the acquisition, exploration, and evaluation of mineral resource properties in Canada. It explores for gold, silver, copper, zinc, and diamonds deposits. The company was formerly known as Warrior Gold Inc. and changed its name to Kirkland Lake Discoveries Corp. in May 2023. Kirkland Lake Discoveries Corp. was incorporated in 1984 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Warrior Gold Inc Financial Statement Overview

Summary

Pre-revenue profile with no revenue reported (2022–2025), widening losses (about -$2.8M in 2025 vs. about -$1.0M in 2023), and worsening operating cash burn (about -$2.9M in 2025 vs. about -$0.7M in 2023). The main offset is a very low-debt balance sheet (debt-to-equity near zero), but equity has declined (~$13.1M to ~$11.4M) and ROE remains significantly negative.

Income Statement

The company reports no revenue across 2022–2025, consistent with an early-stage explorer rather than an operating miner. Losses have widened materially versus 2023 (net loss of about -$2.8M in 2025 vs. about -$1.0M in 2023), indicating rising spending without offsetting business scale. While the lack of debt reduces financial strain, the core earnings profile remains weak with persistent negative profitability.

Balance Sheet

The balance sheet is conservatively structured with essentially no debt (debt-to-equity near zero), which lowers solvency risk. However, equity has declined from ~$13.1M (2024) to ~$11.4M (2025), reflecting ongoing losses and dilution/asset drawdown risk over time. Returns on equity remain significantly negative (roughly -21% to -29% historically), highlighting that capital is not currently generating profits.

Cash Flow

Cash burn is persistent: operating cash flow is negative each year and deteriorated to about -$2.9M in 2025 from about -$0.7M in 2023. Free cash flow is also consistently negative, with a sharp increase in outflow in 2025 (despite the reported free-cash-flow growth figure). Cash flow tracks net losses closely, suggesting the business is not yet converting operations into cash and will likely rely on external funding to sustain activity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-4.39K	-5.82K	-2.04K	-6.96K	-6.96K
EBITDA	-1.95M	-2.78M	-3.78M	-1.03M	-1.46M
Net Income	-1.72M	-2.79M	-3.80M	-1.04M	-1.47M
Balance Sheet
Total Assets	11.55M	11.73M	13.48M	5.42M	5.90M
Cash, Cash Equivalents and Short-Term Investments	1.15M	1.55M	3.25M	70.63K	251.71K
Total Debt	0.00	0.00	0.00	4.56K	17.80K
Total Liabilities	404.67K	322.08K	417.24K	504.41K	381.85K
Stockholders Equity	11.15M	11.41M	13.07M	4.92M	5.52M
Cash Flow
Free Cash Flow	-1.70M	-2.94M	-3.87M	-679.65K	-1.75M
Operating Cash Flow	-1.66M	-2.91M	-3.73M	-657.13K	-1.73M
Investing Cash Flow	-33.22K	-37.09K	-135.27K	-22.52K	-25.75K
Financing Cash Flow	1.34M	1.25M	7.04M	498.58K	1.60M

Warrior Gold Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
BRW	53 Neutral	C$62.27M	-20.34	-13.12%	―	―	74.95%
VIO	51 Neutral	C$56.11M	21.43	4.26%	―	―	―
KLDC	48 Neutral	C$41.11M	-15.00	-16.97%	―	―	―
UGD	47 Neutral	C$60.15M	-28.17	-141.64%	―	―	35.45%
NPR	47 Neutral	C$43.68M	-8.71	-30.23%	―	―	41.41%
GLDC	43 Neutral	C$61.93M	-7.41	-38.12%	―	―	-592.74%

Warrior Gold Inc Corporate Events

Kirkland Lake Discoveries Confirms Syenite-Hosted Gold System at KL West

Kirkland Lake Discoveries has confirmed that gold mineralization at its Wolverine Bend target is directly linked to altered syenite intrusions, validating its exploration model for the KL West Property and expanding the interpreted scale of intrusion-related gold systems along the Winnie Lake Stock contact corridor. Recent drill holes at Wolverine Bend returned broad intervals of low-grade gold with associated bismuth and copper, while drilling at the nearby Winnie Lake target has outlined a vertically zoned, structurally controlled Archean hydrothermal system with both gold and copper-bearing zones, underscoring district-scale potential within a two-kilometre segment of the 17-kilometre corridor and supporting the company’s fully funded 25,000-metre drill program aimed at vectoring toward more concentrated mineralized zones.

The most recent analyst rating on (TSE:KLDC) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Warrior Gold Inc stock, see the TSE:KLDC Stock Forecast page.

Kirkland Lake Discoveries to Acquire Mirado Gold Project, Adding Historical 442,000-Ounce Resource

Kirkland Lake Discoveries has signed a definitive all-share agreement to acquire the 2,500-hectare Mirado Gold Project from Orecap Invest Corp., adding a historical inferred resource of about 10.6 million tonnes grading 1.29 grams per tonne gold, or roughly 442,000 ounces, to its portfolio. Located approximately 15 kilometres south of its core KL West land package, Mirado is described as a potential starter-scale asset with district-scale exploration upside, supported by limited historic drilling below 150 metres, untested geophysical anomalies, and high-grade surface samples. The deal is structured to preserve cash for ongoing drilling at KL West, where a second drill rig has been mobilized, while giving Orecap a significant equity stake in Kirkland Lake Discoveries, aligning both parties around unlocking value from Mirado and the broader regional exploration portfolio. Historical resource estimates and a prior preliminary economic assessment suggest potential for shallow open-pit development, though the company emphasizes that these figures are not current and that further drilling and updated technical work will be required to confirm and expand mineralization, potentially enhancing the company’s resource base and strategic positioning in a strong gold price environment.

Kirkland Lake Discoveries to Acquire Mirado Gold Project, Adding Historical 442,000 oz Resource

Kirkland Lake Discoveries has signed a definitive all-share agreement to acquire the 2,500-hectare Mirado Gold Project from Orecap Invest Corp., adding a historical inferred resource of about 442,000 ounces of gold (10.6 million tonnes at 1.29 g/t) to its portfolio. The Mirado property, located roughly 15 km south of the company’s flagship KL West project, offers near-resource expansion potential, untested targets at depth and encouraging high-grade surface samples, enhancing KLDC’s exploration pipeline while allowing it to conserve cash and stay focused on drilling at KL West; Orecap, in turn, gains a significant equity stake in KLDC, aligning both parties around unlocking value in a high-gold-price environment.

Kirkland Lake Discoveries Launches Major Drilling Program with New Leadership

Kirkland Lake Discoveries has commenced a fully funded 25,000-meter diamond drilling program aimed at exploring gold and polymetallic targets in the Kirkland Lake region. The program is expected to enhance the company’s discovery potential with the confirmation of two coexisting mineralizing systems, a Copper-Rich Massive Sulphide system and an Intrusion-Related Gold System. The addition of a new Vice-President of Exploration and a Technical Advisor is set to accelerate discovery efforts, positioning the company for potential new discoveries that could benefit shareholders and the region.

Kirkland Lake Discoveries Launches Ambitious Drill Program

Kirkland Lake Discoveries announced a 25,000-metre diamond drill program targeting high-priority zones in Ontario’s Kirkland Lake area, following promising geophysical and geochemical findings. The company also granted 5,500,000 stock options to its management, aligning with its strategic exploration efforts to enhance its position in the mining industry.