Mexican Gold Corp (MEX) AI Stock Analysis

• Market Cap: C$1.77M
• Dividend Yield: N/A
• Average Volume (3M): 36.62K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.97
• Revenue Growth: N/A
• EPS Growth: 31.71%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Mining
• EPS (TTM): -0.02
• Shares Outstanding: 25,234,278
• 10 Day Avg. Volume: 2,100
• 30 Day Avg. Volume: 36,619
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -4.60
• P/FCF Ratio: 0.00
• 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

Mexican Gold Corp's stock score is low due to its early-stage status as a non-revenue-generating mining company with ongoing financial losses. Technical indicators show some positive momentum, but the lack of revenue and negative valuation metrics weigh heavily. The recent private placement provides a small boost in liquidity, showing some support for future operations.

Mexican Gold Corp Business Overview & Revenue Model

Company Description

Mexican Gold Corp (MEX) is a mineral exploration company focused on the discovery and development of gold and other precious metal resources in Mexico. The company primarily operates in the mining sector, leveraging its expertise in geological exploration and resource estimation to identify and develop economically viable mineral deposits. Its core assets include various exploration projects strategically located in mineral-rich regions, aimed at capitalizing on Mexico's extensive history and potential for gold mining.

How the Company Makes Money

Mexican Gold Corp generates revenue through the exploration, development, and potential sale or joint ventures of its mineral properties. The company invests in identifying and evaluating prospective mining sites, conducting drilling and geological surveys to assess resource potential. Once viable resources are confirmed, the company may develop these sites into operational mines or sell interests in these projects to larger mining companies. Revenue streams may also include royalties or profit-sharing arrangements from partnerships with established mining entities who seek to exploit these resources. Key factors contributing to its earnings include successful exploration results, favorable market prices for gold and other metals, and strategic partnerships that enhance project development and operational efficiency.

Mexican Gold Corp Financial Statement Overview

Summary

Mexican Gold Corp's financials reflect its current phase as a non-revenue-generating mining exploration company. The lack of revenue and continued losses reflect the early-stage nature of its operations. Although there is no debt, the company's cash reserves are dwindling, posing risks for future operational funding without new capital inflows.

Income Statement

Mexican Gold Corp's income statement shows no revenue generation, indicating a lack of operational income. The company consistently reports negative EBIT and Net Income, highlighting ongoing operational losses, which is common in early-stage mining companies that are yet to reach production. Profitability metrics like gross profit margin and net profit margin are not applicable due to zero revenue.

Balance Sheet

The company has a healthy balance sheet with no debt, resulting in a favorable debt-to-equity ratio. However, the low equity and assets suggest limited financial stability and potential funding constraints. The equity ratio is positive, which is a slight strength, but the overall financial health is constrained by limited asset growth and declining stockholders' equity over time.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, indicating cash burn without revenue support. The lack of revenue impacts the free cash flow to net income ratio, which cannot be assessed. Operating cash flow to net income ratio shows inefficiency in converting income to cash. The situation is typical for exploration-focused mining firms but highlights significant cash flow risks.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-10.57K	-81.93K	-93.88K	0.00	0.00	0.00
	EBIT
-312.08K	-447.09K	-479.27K	-737.89K	-3.17M	-2.27M
	EBITDA
-293.42K	0.00	-479.27K	-737.89K	-3.17M	-2.27M
	Net Income Common Stockholders
-380.72K	-383.46K	-486.60K	-739.58K	-3.18M	-2.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
158.15K	210.51K	560.97K	92.02K	121.46K	1.86M
	Total Assets
893.09K	231.96K	686.90K	148.49K	362.49K	1.97M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-133.15K	-210.51K	-560.97K	-92.02K	-121.46K	-1.86M
	Total Liabilities
335.85K	19.41K	96.68K	85.19K	149.29K	69.13K
	Stockholders Equity
557.24K	212.55K	590.22K	63.30K	213.20K	1.90M
Cash Flow		Free Cash Flow
-364.45K	-350.46K	-542.90K	-522.04K	-3.14M	-1.88M
	Operating Cash Flow
-364.45K	-350.46K	-542.90K	-522.04K	-3.14M	-1.88M
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00	0.00
	Financing Cash Flow
0.00	0.00	1.01M	480.00K	1.39M	3.43M

Mexican Gold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEX, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.29 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MEX.

Mexican Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AEM	80 Outperform	$72.92B	27.91	9.42%	1.59%	26.99%	-6.63%
MND	79 Outperform	C$450.76M	6.71	22.34%	―	37.39%	516.99%
AZM	48 Neutral	C$46.29M	239.13	0.39%	―	―	―
Sector *	47 Neutral	$2.64B	-3.82	-29.05%	3.32%	2.72%	-29.50%
MEX	40 Underperform	C$1.77M	―	-187.70%	―	―	31.71%
SGN	38 Underperform	C$10.47M	―	-32.70%	―	―	61.00%
RUP	36 Underperform	C$975.14M	―	-4.03%	―	―	49.78%

Mexican Gold Corp Corporate Events

Mexican Gold Completes CAD $160,000 Private Placement to Boost Las Minas Project

Mexican Gold Mining Corp. has successfully closed a non-brokered private placement, raising CAD $160,000 through the issuance of 4,000,000 units at $0.04 per unit. The proceeds will primarily support the Las Minas project, cover claim fee payments, and fund general operations, with a small portion allocated to listing fees. The company adheres to the TSXV’s Minimum Price Exception, ensuring limited proceeds are used for non-arm’s length transactions and investor relations.

Mexican Gold Corp. Announces Private Placement to Support Las Minas Project

Mexican Gold Mining Corp. has announced a non-brokered private placement to raise up to CAD $160,000 through the issuance of 4,000,000 units priced at $0.04 per unit, including a share and a warrant. The funds will be allocated to claim fee payments, OTCQB listing fees, ongoing operations at the Las Minas project, and general working capital. The offering is expected to close by February 21, 2025, pending regulatory approval, and the securities will be subject to a hold period under Canadian law.