Kore Mining Ltd (TSE:KORE)
:KORE
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Kore Mining Ltd
(KORE)
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Rating:46Neutral
Price Target:
C$0.21
▼(-37.94% Downside)
Action:Reiterated
Date:05/10/26
Overall score is constrained primarily by weak financial performance (no revenue, recurring losses, and cash burn with a 2025 deterioration), partially offset by a modestly supportive balance-sheet leverage profile. Technicals are mixed/neutral and provide only limited support, while valuation remains challenged due to negative earnings and no dividend.
Positive Factors
US-focused gold exploration model
A clear focus on advancing gold projects in the United States is a durable structural strength: it concentrates technical expertise, simplifies permitting/regulatory navigation relative to multi-jurisdictional juniors, and aligns the company with investor appetite for U.S.-based resource exposure, supporting access to capital and partnerships over the medium term.
Negative Factors
No revenue and persistent operating losses
Absence of operating revenue and ongoing large losses create structural reliance on external capital. Without internal cash generation, project advancement and permitting depend on periodic financings, which can dilute shareholders, delay timelines, and raise execution risk if market conditions or investor appetite weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
US-focused gold exploration model
A clear focus on advancing gold projects in the United States is a durable structural strength: it concentrates technical expertise, simplifies permitting/regulatory navigation relative to multi-jurisdictional juniors, and aligns the company with investor appetite for U.S.-based resource exposure, supporting access to capital and partnerships over the medium term.
Read all positive factors
Kore Mining Ltd (KORE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$18.89M
Dividend YieldN/A
Average Volume (3M)30.86K
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue GrowthN/A
EPS Growth-11.75%
CountryCA
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding82,151,930
10 Day Avg. Volume10,638
30 Day Avg. Volume30,857
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)11.87
Price to Sales (P/S)0.00
P/FCF Ratio-5.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kore Mining Ltd Business Overview & Revenue Model
Company Description
KORE Mining Ltd. engages in the exploration, development, and evaluation of mineral resource properties. It focuses on two 100% owned gold projects, including the Imperial project that consists of 654 claims covering an area of approximately 31,00...
How the Company Makes Money
null...
Kore Mining Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.69K | -37.11K | -105.00K | -192.00K | -126.00K |
| EBITDA | -1.79M | -1.47M | -1.44M | -4.00M | 447.51K |
| Net Income | -1.81M | -1.55M | -1.56M | -4.22M | 295.37K |
Balance Sheet | |||||
| Total Assets | 3.06M | 2.33M | 2.13M | 3.32M | 6.21M |
| Cash, Cash Equivalents and Short-Term Investments | 800.41K | 4.74K | 22.21K | 743.34K | 3.59M |
| Total Debt | 376.91K | 363.31K | 314.37K | 78.34K | 215.66K |
| Total Liabilities | 2.10M | 2.33M | 841.41K | 751.19K | 961.35K |
| Stockholders Equity | 962.32K | 3.99K | 1.29M | 2.57M | 5.25M |
Cash Flow | |||||
| Free Cash Flow | -2.20M | -84.03K | -1.01M | -3.49M | -8.37M |
| Operating Cash Flow | -2.20M | -84.03K | -1.01M | -3.49M | -8.26M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | -229.00K |
| Financing Cash Flow | 3.00M | 79.98K | 216.55K | 616.50K | 7.18M |
Kore Mining Ltd Technical Analysis
Negative
0.34
Price Trends
0.30
Negative
0.32
Negative
0.25
Negative
Market Momentum
-0.02
Positive
42.96
Neutral
20.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KORE, the sentiment is Negative. The current price of 0.34 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.30, and above the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.96 is Neutral, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KORE.
Kore Mining Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$27.96M | -37.31 | -66.97% | ― | ― | -26.58% | |
48 Neutral | C$8.59M | -5.44 | -7.93% | ― | -1.81% | 52.11% | |
46 Neutral | C$18.89M | -6.31 | 405.04% | ― | ― | -11.75% | |
46 Neutral | C$7.90M | -14.56 | -144.55% | ― | ― | 8.33% | |
43 Neutral | C$5.77M | 1.66 | -341.20% | ― | ― | -88.89% |
* Basic Materials Sector Average
TSE:KORE
Kore Mining Ltd
0.23
0.06
31.43%
TSE:PGC
Plato Gold
0.03
0.00
0.00%
TSE:VVC
VVC Exploration
0.02
-0.01
-40.00%
TSE:FENX
FenixOro Gold
0.08
0.00
0.00%
TSE:FNAU
Four Nines Gold
0.63
0.44
228.13%
TSE:FNX
S2 Minerals
0.33
0.13
65.00%
Kore Mining Ltd Corporate Events
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
KORE Mining Raises $2 Million, CEO Becomes Control Person Amid Governance Changes
Positive
Feb 27, 2026
KORE Mining Ltd. closed the second tranche of its previously announced private placement, issuing 16,666,666 units at $0.12 each for gross proceeds of $2 million, with funds earmarked to advance permitting and exploration at its California project...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.