Education
About Us
Working with TipRanks
Follow Us
Lumina Gold Corp (TSE:LUM)
:LUM
Top Page
Lumina Gold
(LUM)
Rating:48Neutral
Price Target:―
Lumina Gold (LUM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$514.56M
Dividend YieldN/A
Average Volume (3M)1.41M
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue GrowthN/A
EPS Growth-97.12%
CountryCA
Employees72
SectorBasic Materials
Sector Strength63
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding418,345,370
10 Day Avg. Volume1,014,751
30 Day Avg. Volume1,405,298
Financial Highlights & Ratios
PEG Ratio-0.70
Price to Book (P/B)-8.62
Price to Sales (P/S)0.00
P/FCF Ratio-15.34
Enterprise Value/Market Cap0.68
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-3.30
Forecast
1Y Price Target
C$1.50Price Target Upside21.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Lumina Gold Business Overview & Revenue Model
Company DescriptionLumina Gold Corp (LUM) is a Canadian precious metals exploration and development company focused primarily on gold and copper. The company operates in the mining sector and is engaged in the acquisition, exploration, and development of mineral resources in Ecuador. Lumina Gold's flagship project is the Cangrejos Gold-Copper Project, known for its substantial gold and copper reserves, positioning the company as a significant player in the region's mining industry.
How the Company Makes MoneyLumina Gold makes money through the exploration and potential development of its mineral properties, primarily the Cangrejos Project. The company generates revenue by advancing its projects to attract investment partnerships or potential sale to larger mining companies. Lumina Gold's revenue model relies heavily on the appreciation of its mining assets and securing funding for exploration activities. Key revenue streams include equity financing, joint ventures, and strategic partnerships that provide the necessary capital to further develop its projects. Additionally, any eventual production and sale of mined resources would contribute to its earnings. However, as an exploration company, its primary focus remains on increasing the value of its projects rather than immediate production.
Lumina Gold Financial Statement Overview
Summary
Lumina Gold has consistently reported zero revenue and significant operating losses, leading to high financial distress. The balance sheet shows negative equity and high liabilities. The company relies on external financing for cash flow, indicating liquidity risks.Income Statement
Lumina Gold has consistently reported zero revenue over the analyzed periods, resulting in no gross or net profit margins. The company is experiencing significant operating losses as evidenced by negative EBIT and EBITDA figures. The lack of revenue growth and continuous net losses highlight substantial financial challenges.15
Very Negative
Balance Sheet
The company's balance sheet shows high liabilities compared to its negative equity, leading to a negative equity position. The lack of revenue generation and consistent net losses have eroded equity over time. The debt-to-equity ratio cannot be calculated due to negative equity, but the absolute debt level remains low compared to total liabilities.20
Very Negative
Cash Flow
Lumina Gold shows negative operating and free cash flows, indicating cash outflows exceed inflows. The company relies on financing activities for cash, as seen by positive financing cash flows. This unsustainable cash flow pattern presents liquidity risks without revenue generation.25
Negative
| 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 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -9.38M | -16.67M | -21.83M | -7.76M | -7.91M | -16.75M | EBITDA |
| -30.49M | -16.53M | -21.65M | -7.59M | -7.72M | -16.58M | Net Income Common Stockholders |
| -35.44M | -17.25M | -22.25M | -8.21M | -7.99M | -16.37M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 7.28M | 13.64M | 795.21K | 12.03M | 535.78K | 6.25M | Total Assets |
| 20.97M | 22.00M | 6.56M | 17.86M | 6.40M | 12.34M | Total Debt |
| 0.00 | 46.73K | 8.01M | 0.00 | 1.45M | 73.53K | Net Debt |
| -7.28M | -13.59M | 7.22M | -12.03M | 918.51K | -6.17M | Total Liabilities |
| 62.18M | 29.96M | 10.56M | 712.69K | 1.60M | 1.44M | Stockholders Equity |
| -41.21M | -7.97M | -4.00M | 17.15M | 4.81M | 10.90M |
| Cash Flow | Free Cash Flow | ||||
| -23.27M | -17.97M | -20.30M | -6.15M | -7.80M | -16.53M | Operating Cash Flow |
| -17.78M | -15.51M | -20.24M | -6.11M | -6.85M | -14.78M | Investing Cash Flow |
| -5.24M | -2.28M | -38.54K | -81.17K | -908.16K | -1.71M | Financing Cash Flow |
| 16.66M | 30.62M | 9.04M | 17.69M | 2.04M | 8.25M |
Lumina Gold Technical Analysis
Positive
1.23
Price Trends
0.91
Positive
0.73
Positive
0.62
Positive
Market Momentum
0.08
Positive
78.75
Negative
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LUM, the sentiment is Positive. The current price of 1.23 is above the 20-day moving average (MA) of 1.21, above the 50-day MA of 0.91, and above the 200-day MA of 0.62, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 78.75 is Negative, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LUM.
Lumina Gold Peers Comparison
Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$468.58M | 5.86 | 25.03% | ― | 41.30% | 340.97% | |
64 Neutral | C$474.69M | ― | -5.29% | ― | 17.61% | -213.86% | |
61 Neutral | $483.46M | 64.72 | -7.13% | ― | 644.76% | -80.13% | |
55 Neutral | C$521.19M | ― | -375.68% | ― | 10.01% | 29.24% | |
50 Neutral | $1.98B | -1.07 | -21.34% | 3.71% | 2.03% | -30.65% | |
48 Neutral | C$514.56M | ― | 105.38% | ― | ― | -97.12% | |
41 Neutral | C$564.26M | ― | -175.63% | ― | ― | -138.15% |
* Basic Materials Sector Average
Performance Comparison
TSE:LUM
Lumina Gold
1.23
0.65
112.07%
TSE:GAU
Galiano Gold
1.88
-0.59
-23.89%
TSE:ATX
ATEX Resources Inc
2.07
0.64
44.76%
TSE:MND
Mandalay Resources
4.95
2.69
119.03%
TSE:RBX
Robex Resources
3.29
0.49
17.50%
TSE:ASE
Asante Gold
1.17
-0.12
-9.30%
Lumina Gold Corporate Events
Private Placements and FinancingM&A Transactions
Lumina Gold Acquired by CMOC in C$581 Million Deal
Positive
Apr 22, 2025
Lumina Gold Corp. has announced its acquisition by CMOC Singapore Pte. Ltd. for approximately C$581 million, marking a significant premium over its recent trading prices. This all-cash transaction, supported by a majority of Lumina’s shareholders, offers immediate liquidity and removes future risks associated with dilution and commodity fluctuations. The acquisition includes a concurrent US$20 million convertible note financing to support ongoing needs at the Cangrejos project, ensuring continued development under CMOC’s management.
Spark’s Take on TSE:LUM Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUM is a Neutral.
Lumina Gold’s overall score is largely impacted by its poor financial performance, characterized by zero revenue and ongoing losses. While positive technical indicators and recent corporate developments provide some optimism, the lack of profitability and high financial risk weigh heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:LUM stock, click here.
Private Placements and FinancingBusiness Operations and Strategy
Lumina Gold Secures Final US$3.1 Million Draw from Wheaton Agreement
Neutral
Apr 17, 2025
Lumina Gold Corp. has drawn the final installment of US$3.1 million from its US$300 million precious metals purchase agreement with Wheaton Precious Metals. This draw is intended for pre-construction acquisition transactions, and the agreement has been amended to provide Lumina with more flexibility, allowing them until December 31, 2025, to spend the funds. The remaining US$252 million will be advanced once specific construction conditions are met, potentially impacting Lumina’s operations and positioning in the precious metals industry.
Spark’s Take on TSE:LUM Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUM is a Neutral.
Lumina Gold’s overall score is largely impacted by its poor financial performance, characterized by zero revenue and ongoing losses. While positive technical indicators and recent corporate developments provide some optimism, the lack of profitability and high financial risk weigh heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:LUM stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.