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Lake Victoria Gold Ltd
(LVG)
Lake Victoria Gold Ltd (LVG) vs. iShares MSCI Canada ETF (EWC)
Lake Victoria Gold Ltd Business Overview & Revenue Model
Lake Victoria Gold Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -41.73K | 0.00 | -29.49K | -27.59K | -25.13K | -26.89K |
| EBITDA | -2.70M | -3.02M | -2.88M | -2.14M | -1.89M | -1.69M |
| Net Income | -2.86M | -3.25M | -2.94M | -3.30M | -1.90M | -1.73K |
Balance Sheet | ||||||
| Total Assets | 19.90M | 8.90M | 7.43M | 7.18M | 7.58M | 6.74M |
| Cash, Cash Equivalents and Short-Term Investments | 3.91M | 31.39K | 627.11K | 2.26M | 650.48K | 47.17K |
| Total Debt | 1.02M | 1.00M | 345.20K | 353.50K | 44.00K | 77.42K |
| Total Liabilities | 4.42M | 3.84M | 1.18M | 1.12M | 563.61K | 563.81K |
| Stockholders Equity | 15.48M | 5.06M | 6.26M | 6.07M | 7.02M | 6.18M |
Cash Flow | ||||||
| Free Cash Flow | -1.25M | -782.49K | -4.07M | -7.05M | -1.64M | -1.77M |
| Operating Cash Flow | -501.48K | -775.96K | -2.17M | -4.67M | -1.49M | -1.55M |
| Investing Cash Flow | -2.32M | -884.08K | -1.90M | 4.42M | -142.38K | -225.17K |
| Financing Cash Flow | 6.03M | 1.06M | 2.47M | 2.14M | 2.24M | 1.81M |
Lake Victoria Gold Ltd Technical Analysis
Lake Victoria Gold Ltd Peers Comparison
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% | |
60 Neutral | C$70.42M | -63.19 | -8.75% | ― | ― | ― | |
53 Neutral | C$52.69M | -12.68 | -27.62% | ― | ― | 40.00% | |
50 Neutral | C$57.16M | -18.71 | -3699.15% | ― | ― | -2000.00% | |
50 Neutral | C$61.31M | -5.29 | -133.51% | ― | ― | 47.21% | |
49 Neutral | C$84.66M | -15.96 | -42.27% | ― | ― | 28.32% | |
43 Neutral | C$58.98M | -4.66 | -38.12% | ― | ― | -592.74% |
Lake Victoria Gold Ltd Corporate Events
Lake Victoria Gold Ltd. has elected to pay C$44,665.64 in interest accrued on its C$750,000 of convertible debentures, issued in mid-2024, by issuing 148,886 common shares at a deemed price of C$0.30 per share, subject to TSX Venture Exchange approval. The move allows the Tanzania-focused gold developer to preserve cash while modestly diluting existing shareholders, reflecting a balance between maintaining liquidity for project advancement at Tembo and Imwelo and meeting its financing obligations as it progresses toward potential near-term production.
The most recent analyst rating on (TSE:LVG) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Lake Victoria Gold Ltd stock, see the TSE:LVG Stock Forecast page.
Lake Victoria Gold has reported high-grade grab sample results from artisanal mining sites across its Tembo Project in Tanzania, with assays reaching up to 35.45 g/t gold at Ngula 1 and similarly strong grades at Ngula 2, Nyakagwe East, Nyangomango and the Mgusu target. These results, which align with key structural trends and confirm the presence of a robust, structurally controlled gold system, have led the company to define new priority drill targets and to plan a close-spaced drilling program at Ngula 1 over a 300–400 metre strike length, starting in the first quarter of 2026. In parallel, Lake Victoria Gold is in advanced discussions with Nyati Resources to finalize a toll-processing agreement that would utilize an existing 500 tonne-per-day CIP plant on one of its licences, potentially providing a near-term pathway to production at Tembo and signaling a strategic shift from pure exploration toward execution and development.
Lake Victoria Gold Ltd has announced additional drill results from its ongoing 4,000-metre drill program at the Imwelo Gold Project in Tanzania. The results confirm the extension of mineralization beyond the current pit design, both vertically and laterally, suggesting potential for resource growth and future underground mining. This development enhances the company’s geological model and could lead to increased resource classification, impacting its operational strategy and stakeholder interests.
Lake Victoria Gold Ltd has announced promising initial results from its ongoing 4,000-meter drill program at the Imwelo Gold Project in Tanzania. The first five holes have confirmed the extension of mineralization beyond the current open-pit design to depths greater than 250 meters, indicating potential for both resource conversion and growth. These findings suggest the possibility of expanding the open-pit shell and exploring future underground mining options, which could significantly impact the company’s operations and market positioning.
The most recent analyst rating on (TSE:LVG) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Lake Victoria Gold Ltd stock, see the TSE:LVG Stock Forecast page.
Lake Victoria Gold Ltd announced an update on its Q3 2025 exploration activities for the licenses sold to Bulyanhulu Gold Mine Limited, a joint venture between Barrick Mining Corporation and the Government of Tanzania. The exploration program, aimed at discovering a Bulyanhulu-style mineralized system, includes a GAIP geophysical survey, aircore drilling, and planning for diamond and RC drilling. The progress highlights the potential for significant gold discoveries, reinforcing the strategic value of the Tembo area and offering exploration upside for Lake Victoria Gold within Africa’s gold-rich regions.
The most recent analyst rating on (TSE:LVG) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Lake Victoria Gold Ltd stock, see the TSE:LVG Stock Forecast page.
Lake Victoria Gold Ltd has mobilized a second drill rig to expedite its drilling program at the Imwelo Gold Project in Tanzania. This move aims to complete the 4,000-meter drilling program by December 2025, enhancing resource confidence and preparing for production readiness. The company is optimistic about the early visual observations from the first three drill holes, which align with their expectations, and anticipates assay results next week. This development is part of LVG’s strategy to refine pit design and advance towards production, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (TSE:LVG) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Lake Victoria Gold Ltd stock, see the TSE:LVG Stock Forecast page.
Lake Victoria Gold Ltd reported successful exploration activities by Barrick at the Tembo-area licenses sold to Bulyanhulu Gold Mine Limited. The exploration confirmed favorable geological conditions for gold mineralization, reinforcing the potential of the belt. LVG stands to benefit from contingent payments up to $45 million based on future discoveries, enhancing its strategic position in the region.
The most recent analyst rating on (TSE:LVG) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Lake Victoria Gold Ltd stock, see the TSE:LVG Stock Forecast page.
Lake Victoria Gold Ltd has successfully closed a non-brokered private placement, raising $2 million through the issuance of over 11 million common shares. The proceeds are intended for general working capital purposes. This financial move highlights the company’s ongoing efforts to strengthen its operational capabilities and market position in the gold exploration sector. The participation of insiders in the placement underscores confidence in the company’s strategic direction and potential growth.
The most recent analyst rating on (TSE:LVG) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Lake Victoria Gold Ltd stock, see the TSE:LVG Stock Forecast page.