Mexican Gold Corp (TSE:MEX)
:MEX
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Mexican Gold Corp
(MEX)
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Rating:43Neutral
Price Target:
C$0.12
▼(-27.50% Downside)
Action:Reiterated
Date:06/01/26
The score is primarily constrained by weak financial performance: no revenue, persistent net losses, and ongoing negative free cash flow despite a debt-free balance sheet. Technical indicators are broadly neutral with limited momentum, and valuation is pressured by negative earnings and no indicated dividend support.
Positive Factors
Debt-free Balance Sheet
Zero reported debt materially lowers financial risk and preserves flexibility. With no interest burden or leverage, management can allocate capital to exploration or development, extend runway, and better withstand funding cycles while pursuing value-creating milestones.
Negative Factors
Pre-Revenue Business Model
Being pre-revenue means the company lacks an operational earnings base and must depend on external financing. Long-term value creation is contingent on successful exploration-to-production progress, making the business highly execution-dependent and sensitive to capital-market access.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
Zero reported debt materially lowers financial risk and preserves flexibility. With no interest burden or leverage, management can allocate capital to exploration or development, extend runway, and better withstand funding cycles while pursuing value-creating milestones.
Read all positive factors
Mexican Gold Corp (MEX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.56M
Dividend YieldN/A
Average Volume (3M)134.15K
Price to Earnings (P/E)―
Beta (1Y)-0.50
Revenue GrowthN/A
EPS Growth-156.73%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.04
Shares Outstanding41,216,640
10 Day Avg. Volume176,076
30 Day Avg. Volume134,147
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)92.53
Price to Sales (P/S)0.00
P/FCF Ratio-3.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mexican Gold Corp Business Overview & Revenue Model
Company Description
Mexican Gold Mining Corp. (MEX.V) operates as a mineral exploration enterprise, concentrating its efforts on discovering, securing, and assessing potential resource sites throughout Mexico. Its primary objective involves identifying gold and coppe...
How the Company Makes Money
null...
Mexican Gold Corp Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
42
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -81.93K | -93.88K | -50.05K | 0.00 |
| EBITDA | -1.51M | -355.13K | -447.09K | -479.27K | -737.89K | -3.17M |
| Net Income | -1.51M | -353.80K | -383.46K | -486.60K | -739.58K | -3.18M |
Balance Sheet | ||||||
| Total Assets | 695.54K | 51.71K | 231.96K | 686.90K | 148.49K | 362.49K |
| Cash, Cash Equivalents and Short-Term Investments | 671.40K | 30.15K | 210.51K | 560.97K | 92.02K | 121.46K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 13.00K | 38.27K | 19.41K | 96.68K | 85.19K | 149.29K |
| Stockholders Equity | 682.54K | 13.44K | 212.55K | 590.22K | 63.30K | 213.20K |
Cash Flow | ||||||
| Free Cash Flow | -461.94K | -336.00K | -350.46K | -542.90K | -522.04K | -3.14M |
| Operating Cash Flow | -461.93K | -336.00K | -350.46K | -542.90K | -522.04K | -3.14M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 1.06M | 155.63K | 0.00 | 1.01M | 480.00K | 1.39M |
Mexican Gold Corp Technical Analysis
Positive
0.16
Price Trends
0.13
Positive
0.14
Positive
0.13
Positive
Market Momentum
<0.01
Negative
65.27
Neutral
73.33
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 0.16 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.13, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.27 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$1.49B | 21.03 | 12.12% | ― | 67.33% | 899.33% | |
73 Outperform | C$346.28M | 29.48 | 19.43% | ― | 154.42% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$78.06M | -8.20 | -571.01% | ― | ― | -249.25% | |
46 Neutral | C$507.87M | -89.11 | -4.59% | ― | ― | -7.48% | |
43 Neutral | C$5.56M | -3.56 | -604.93% | ― | ― | -156.73% | |
42 Neutral | C$76.80M | -2.56 | -125.61% | ― | ― | -153.31% |
* Basic Materials Sector Average
TSE:MEX
Mexican Gold Corp
0.14
0.06
80.00%
TSE:SLVR
Silver Tiger Metals
0.91
0.46
100.00%
TSE:SGO
Sonoro Gold
0.21
0.05
33.12%
TSE:GGD
GoGold Resources
3.43
1.26
58.06%
TSE:VIPR
Silver Viper Minerals
0.64
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70.67%
TSE:SM
Sierra Madre Gold & Silver Ltd.
1.76
0.94
114.63%
Mexican Gold Corp Corporate Events
Business Operations and StrategyM&A TransactionsStock Split
Mexican Gold and Alcon Silver to Merge, Rebranding as Platauro Metals
Positive
Apr 9, 2026
Mexican Gold Mining Corp. and Alcon Silver Corp. have agreed to merge via a court-approved plan of arrangement under which Mexican Gold will acquire all Alcon shares in exchange for new Mexican Gold shares, leaving former Alcon shareholders with a...
Business Operations and StrategyExecutive/Board Changes
Mexican Gold Mining Names Holgren Lai as New Chief Financial Officer
Positive
Apr 2, 2026
Mexican Gold Mining Corp. has appointed Holgren Lai, a CPA with extensive experience in financial reporting and tax services for junior mining and other industries, as its new Chief Financial Officer, effective immediately. Lai, supported by Vanco...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.