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Liberty Gold
(TSX:LGD)
Liberty Gold (LGD) vs. iShares MSCI Canada ETF (EWC)
Liberty Gold Business Overview & Revenue Model
Liberty Gold Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -154.25K | 0.00 | -353.35K | -337.05K | -268.85K | -259.91K | EBIT |
| -16.56M | -20.01M | -29.21M | -25.67M | -15.71M | 11.62M | EBITDA |
| -15.23M | -18.62M | -36.08M | -25.53M | -38.05M | -11.11M | Net Income Common Stockholders |
| -17.27M | -20.19M | -21.33M | -30.29M | 7.48M | -12.03M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 7.88M | 9.08M | 19.81M | 17.26M | 16.83M | 14.46M | Total Assets |
| 35.08M | 35.34M | 47.95M | 53.33M | 60.39M | 42.11M | Total Debt |
| 122.32K | 126.60K | 330.31K | 598.78K | 407.03K | 587.02K | Net Debt |
| -7.66M | -8.86M | -19.39M | -16.56M | -16.33M | -13.78M | Total Liabilities |
| 2.15M | 4.93M | 5.35M | 13.00M | 8.14M | 7.40M | Stockholders Equity |
| 24.17M | 27.64M | 38.95M | 32.80M | 44.18M | 26.19M |
| Cash Flow | Free Cash Flow | ||||
| -11.23M | -16.75M | -24.91M | -21.70M | -14.18M | -5.95M | Operating Cash Flow |
| -11.20M | -15.80M | -24.51M | -20.94M | -14.13M | -5.94M | Investing Cash Flow |
| -66.60K | -80.52K | 6.80M | 7.06M | 8.79M | -80.81K | Financing Cash Flow |
| 9.07M | 5.39M | 22.61M | 14.32M | 6.91M | 12.18M |
Liberty Gold Technical Analysis
Liberty Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$161.61M | 11.23 | 9.39% | ― | 36.47% | 42.27% | |
51 Neutral | C$126.34M | ― | 2.75% | ― | ― | 60.14% | |
51 Neutral | C$110.31M | ― | -23.25% | ― | ― | 26.82% | |
51 Neutral | $2.02B | -1.12 | -21.36% | 3.65% | 2.87% | -30.54% | |
50 Neutral | C$121.18M | ― | -6.09% | ― | ― | 34.61% | |
40 Underperform | $138.57M | ― | -73.46% | ― | ― | 24.40% | |
38 Underperform | C$175.04M | ― | -9.41% | ― | ― | -64.81% |
Liberty Gold Corporate Events
Liberty Gold announced the retirement of its CEO, Cal Everett, who will transition to a non-executive director role at the spin-out entity, Specialty American Metals Inc. Dr. Jon Gilligan will succeed him as President and CEO, bringing over 35 years of mining industry experience. This leadership change is expected to bolster Liberty Gold’s operations as it advances its flagship Black Pine project and continues to grow its presence in the US Great Basin oxide gold developer space.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Underperform.
Liberty Gold’s stock is heavily challenged by its poor financial performance, characterized by zero revenue and ongoing losses. Despite a solid equity position, persistent reductions in equity and assets raise liquidity concerns. Technical indicators are neutral, and valuation is unattractive. However, positive corporate events, including strategic project developments, offer potential future benefits that partly offset current financial weaknesses.
To see Spark’s full report on TSE:LGD stock, click here.
Liberty Gold has successfully closed a C$23 million bought deal public offering, issuing 69,699,200 units at C$0.33 per unit. The proceeds will be used to advance the Black Pine Oxide Gold Project and for general corporate purposes, enhancing the company’s operational capabilities and market positioning in the prolific gold-producing Great Basin region.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Underperform.
Liberty Gold is heavily challenged by its poor financial performance, characterized by zero revenue and ongoing losses. Despite a solid equity position, persistent reductions in equity and assets raise liquidity concerns. Technical indicators are neutral, with no clear momentum. Valuation is unattractive due to a negative P/E ratio and no dividend yield. However, the recent $20 million financing and strategic spin-out plans provide some hope for future improvements, offsetting some financial weaknesses.
To see Spark’s full report on TSE:LGD stock, click here.
Liberty Gold Corp. has filed a prospectus supplement for a ‘bought deal’ public offering to distribute over 60 million units at $0.33 per unit, with an option for additional units. This move, subject to regulatory approval, aims to support the company’s growth initiatives. Additionally, Darin Smith, Senior Vice President Corporate Development, will resign in May 2025, having played a key role in strategic initiatives and the Black Pine Project’s Pre-Feasibility Study.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Neutral.
Liberty Gold faces significant financial challenges with no revenue and ongoing losses. Although technical indicators are neutral, the valuation remains unattractive. However, positive corporate events such as strategic project developments offer potential future benefits that partly offset current weaknesses.
To see Spark’s full report on TSE:LGD stock, click here.
Liberty Gold Corp. has announced a $20 million bought deal public offering, with Canaccord Genuity Corp. as the sole bookrunner. The proceeds will be used to advance the Black Pine Oxide Gold Project and for general corporate purposes, positioning the company to further develop its projects in the prolific gold-producing Great Basin region.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Neutral.
Liberty Gold’s stock is challenged by poor financial performance with no revenue and ongoing losses. Technical indicators are neutral, and valuation is unattractive. However, positive corporate events, including strategic project developments, offer potential future benefits that partly offset current financial weaknesses.
To see Spark’s full report on TSE:LGD stock, click here.
Liberty Gold Corp. announced the spin-out of its Goldstrike Project and Antimony Ridge discovery into a new entity, Specialty American Metals Inc. This strategic move aims to unlock the value of its specialty metals assets, positioning the new company to pursue growth in the U.S. specialty metals market. The arrangement will allow Liberty Gold shareholders to own shares in both Liberty Gold and Specialty American, with the latter focusing on the promising Antimony Ridge discovery. The leadership team for Specialty American has been appointed, with Russell Starr as CEO, and the transaction is expected to be finalized in the third quarter of 2025.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Neutral.
Liberty Gold’s stock is challenged by poor financial performance with no revenue and ongoing losses. Technical indicators are neutral, and valuation is unattractive. However, positive corporate events, including strategic project developments, offer potential future benefits that partly offset current financial weaknesses.
To see Spark’s full report on TSE:LGD stock, click here.
Liberty Gold Corp. reported its financial and operational results for the year ending December 31, 2024, highlighting significant developments in its projects. The company completed the sale of its TV Tower project in Türkiye and received the first payment, with further payments scheduled. At the Black Pine project in Idaho, a preliminary feasibility study confirmed the commercial viability of an open-pit operation, and exploration drilling expanded the mineralized zone. The Goldstrike project in Utah saw increased antimony mineralization, and plans to spin out the project into a separate entity are underway, with completion expected in the third quarter of 2025.
Liberty Gold Corp. has reached significant milestones in advancing its Black Pine Gold Project in Idaho by submitting the draft Mine Plan of Operations to relevant authorities and executing a Memorandum of Understanding to streamline the permitting process. These developments mark a crucial step in the federal permitting process under the National Environmental Protection Act, which will involve an Environmental Impact Statement to assess potential environmental and socioeconomic impacts, ensuring adherence to high environmental and operational standards.
Liberty Gold has discovered a third zone of high-grade antimony mineralization at Antimony Ridge, prompting the company to spin out the Goldstrike Project into a new U.S.-focused strategic metals company. This move aims to create shareholder value by establishing a separate entity centered on the promising antimony discovery, which has shown significant mineralized zones and potential for further exploration and development, indicating a strong market opportunity.