St James Gold (LORD) AI Stock Analysis

• Market Cap: C$4.54M
• Dividend Yield: N/A
• Average Volume (3M): 6.22K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.43
• Revenue Growth: N/A
• EPS Growth: -42.93%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 37,862,904
• 10 Day Avg. Volume: 10,937
• 30 Day Avg. Volume: 6,223
• PEG Ratio: 0.21
• Price to Book (P/B): -2.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -31.07
• 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: 42 Neutral
• Price Target: C$0.13 ▲(11.67% Upside)
• Action: Upgraded Date: 01/31/26
• Date: Action: Upgraded 01/31/26

The score is driven primarily by very weak financial performance (no revenue, ongoing losses, negative cash flow, and a stressed balance sheet with negative equity and rising debt). Technicals are also unfavorable with the stock trading below key moving averages, while valuation is difficult to justify given negative earnings and no dividend support.

Positive Factors

Improving cash burn

The material reduction in operating cash outflow in 2025 versus 2024 shows management has begun to slow cash consumption. If sustained, lower burn reduces near-term financing needs, lowers dilution risk, and lengthens runway—important for an exploration-stage firm progressing toward development.

Smaller operating loss in 2025

A smaller annual loss in 2025 versus 2024 suggests progress on cost control or project-level efficiencies. For a pre-revenue miner, narrowing operating deficits is a durable improvement that, if continued, increases the probability of reaching a break-even operating profile as projects advance.

Capability to record episodic gains

The 2023 net profit indicates the company can generate episodic positive cash or non-operating gains (asset sales, revaluations or financing-related items). Such events can materially extend runway or fund exploration, providing a structural option to bridge to development milestones.

Negative Factors

No revenue

The absence of operating revenue across reported periods confirms the company is pre-production and lacks recurring sales. This structural lack of revenue forces ongoing reliance on external capital, reduces operational visibility, and makes long-term viability dependent on successful project advancement or financing events.

Stressed balance sheet

Negative equity combined with rising leverage to 2.9M materially elevates refinancing and dilution risk. A stressed balance sheet limits strategic options, hampers ability to secure favorable financing, and increases the probability that future capital raises dilute existing holders or force asset sales.

Persistent negative cash generation

Consistent negative operating and free cash flow indicates the business cannot self-fund activities and will require recurrent external financing. Structurally, this constrains investment in exploration/development, raises execution risk for project timelines, and sustains funding and dilution pressure.

St James Gold Business Overview & Revenue Model

Company Description

St. James Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold deposits. It has an option to acquire a 100% interest in Grub line property comprises 29 claims covering an area of 1,791 acres located in the Gander gold district in north-central Newfoundland; and the Quinn lake property consisting of two contiguous mineral licenses totaling 700 hectares situated in the west-central region of the Island of Newfoundland, as well as has an option to acquire 85% interest in the Florin gold project located in the Yukon Territory, Canada. The company was formerly known as Bard Ventures Ltd. and changed its name to St. James Gold Corp. in October 2020. St. James Gold Corp. was founded in 1981 and is headquartered in Vancouver, Canada.

How the Company Makes Money

St James Gold Corp makes money primarily through the exploration and development of mineral resource properties. The company generates revenue by identifying promising gold exploration projects and increasing their value through detailed geological studies and drilling programs. Once a project's potential is established, the company may either sell the project to a larger mining entity or enter into joint venture agreements, where it receives funding or a share of future production revenue. St James Gold may also raise capital through the issuance of shares to finance exploration activities and sustain its operations.

St James Gold Financial Statement Overview

Summary

Very weak fundamentals: no revenue across the periods shown, recurring operating losses (negative EBIT each year), and consistently negative operating/free cash flow. The balance sheet is particularly stressed with persistently negative shareholder equity and rising debt, increasing liquidity and dilution/refinancing risk despite a modest improvement in cash burn in 2025.

Income Statement

Across the annual reports provided, the company reports no revenue, indicating it is still pre-production or not generating operating sales. Profitability is weak and volatile: net results swing from a profit in 2023 (net income of 3.7M) back to losses in 2024 (-1.2M) and 2025 (-0.5M), with operating earnings remaining negative in every period shown (negative EBIT each year). While the 2025 loss is smaller than 2024, the overall profile is still loss-making with limited visibility into durable earnings power.

Balance Sheet

The balance sheet is stressed by persistently negative shareholder equity (2022 through 2025), which signals cumulative losses and weak capitalization. Leverage has increased materially: total debt rises from 0 (2020–2022) to 0.9M (2023), 1.0M (2024), and 2.9M (2025), while equity remains negative—this combination elevates refinancing and dilution risk. Total assets also decline sharply versus 2021 (14.3M) and are modest in 2025 (0.32M), limiting financial flexibility.

Cash Flow

Cash generation remains negative, with operating cash flow below zero every year shown, consistent with an exploration/development-stage profile. A positive is that cash burn improved in 2025 versus 2024 (operating cash flow -0.21M vs. -0.54M), and free cash flow also improved (about -0.21M vs. -0.55M). However, free cash flow is still negative and the business continues to rely on external funding to sustain operations, especially given the increased debt load.

Breakdown	Dec 2025	Mar 2025	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-215.88K	-1.02M	10.62M	-6.63M	-7.87M
Net Income	-510.06K	-1.22M	3.70M	-17.91M	-7.87M
Balance Sheet
Total Assets	323.62K	92.95K	532.09K	811.07K	14.31M
Cash, Cash Equivalents and Short-Term Investments	241.95K	46.16K	33.48K	143.95K	3.19M
Total Debt	2.92M	961.14K	893.29K	0.00	0.00
Total Liabilities	3.06M	2.70M	2.95M	7.59M	3.28M
Stockholders Equity	-2.74M	-2.60M	-2.42M	-6.78M	11.03M
Cash Flow
Free Cash Flow	-210.54K	-550.21K	-234.71K	-4.75M	-7.17M
Operating Cash Flow	-210.54K	-540.21K	-224.71K	-4.37M	-4.83M
Investing Cash Flow	0.00	-10.00K	-10.00K	-379.50K	-2.44M
Financing Cash Flow	406.33K	562.88K	124.24K	1.70M	10.46M

St James 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:LORD, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.95 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LORD.

St James 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%
ARQ	60 Neutral	C$7.25M	19.73	-6.09%	―	-15.28%	-122.22%
VGD	56 Neutral	C$8.54M	0.50	―	―	―	38.50%
TRG	45 Neutral	C$5.96M	-103.83	14.48%	―	―	―
LORD	42 Neutral	C$4.54M	-5.57	―	―	―	-42.93%
EDGM	42 Neutral	C$4.97M	-6.73	-13.58%	―	―	-50.00%

St James Gold Corporate Events

St. James Gold Secures Extension on $1.8 Million in Unsecured Debt

St. James Gold Corp. has secured an extension on $1.82 million of unsecured indebtedness, pushing the maturity date to April 30, 2027 from the previously extended deadline of December 31, 2026. The notes include a portion of non-arm’s length debt, and management indicates that the ongoing extensions are intended to prevent the obligations from negatively affecting the company’s reported working capital, which may help preserve financial flexibility and ease near-term balance sheet pressure for the exploration-stage issuer.