Mexican Gold Corp (TSE:MEX)
:MEX
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Mexican Gold Corp
(MEX)
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Rating:51Neutral
Price Target:
C$0.13
▼(-21.25% Downside)
Action:ReiteratedDate:04/15/26
The score is held back primarily by weak financial performance (no revenue, recurring losses, and continued cash outflows), despite the benefit of a debt-free balance sheet. Technicals are moderately supportive with the price above key moving averages, but momentum signals are mixed. Valuation is constrained by unprofitability and the absence of dividend support.
Positive Factors
Debt-free balance sheet
Having no debt meaningfully reduces financial risk and lowers fixed obligations, granting strategic flexibility for exploration and project timing. For a junior miner this structural capital lightness increases optionality to raise funds on favorable terms and limits insolvency risk during cycles.
Negative Factors
No revenue
Zero top-line undermines the core business model: without revenue the firm cannot self-fund operations, validate economics, or demonstrate commercial viability. This structural deficiency forces ongoing reliance on capital markets and makes long-term sustainability contingent on successful asset commercialization or continued fundraising.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Having no debt meaningfully reduces financial risk and lowers fixed obligations, granting strategic flexibility for exploration and project timing. For a junior miner this structural capital lightness increases optionality to raise funds on favorable terms and limits insolvency risk during cycles.
Read all positive factors
Mexican Gold Corp (MEX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.96M
Dividend YieldN/A
Average Volume (3M)134.15K
Price to Earnings (P/E)―
Beta (1Y)-0.21
Revenue GrowthN/A
EPS Growth-85.12%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding39,685,640
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., a mineral exploration company, engages in the acquisition, exploration, and evaluation of resource properties in Mexico. The company primarily explores for gold and copper deposits. It holds a 100% interest in the Las Mi...
How the Company Makes Money
null...
Mexican Gold Corp Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
52
Neutral
Cash Flow
28
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 | -920.57K | -355.13K | 0.00 | -479.27K | -737.89K | -3.17M |
| Net Income | -924.82K | -353.80K | -383.46K | -486.60K | -739.58K | -3.18M |
Balance Sheet | ||||||
| Total Assets | 656.67K | 51.71K | 231.96K | 686.90K | 148.49K | 362.49K |
| Cash, Cash Equivalents and Short-Term Investments | 643.76K | 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 | 33.11K | 38.27K | 19.41K | 96.68K | 85.19K | 149.29K |
| Stockholders Equity | 623.56K | 13.44K | 212.55K | 590.22K | 63.30K | 213.20K |
Cash Flow | ||||||
| Free Cash Flow | -386.79K | -336.00K | -350.46K | -542.90K | -522.04K | -3.14M |
| Operating Cash Flow | -386.78K | -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 | 993.67K | 155.63K | 0.00 | 1.01M | 480.00K | 1.39M |
Mexican Gold Corp Technical Analysis
Positive
0.16
Price Trends
0.14
Negative
0.15
Negative
0.12
Positive
Market Momentum
<0.01
Negative
54.97
Neutral
58.97
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 0.14, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.97 is Neutral, neither overbought nor oversold. The STOCH value of 58.97 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | C$1.14B | 16.04 | 10.23% | ― | 75.88% | 1898.21% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$330.54M | 25.24 | 2.21% | ― | 274.36% | ― | |
52 Neutral | C$70.95M | -2.24 | -571.01% | ― | ― | -37.89% | |
52 Neutral | C$77.16M | -5.27 | -67.67% | ― | ― | -57.64% | |
51 Neutral | C$4.96M | -2.76 | -604.93% | ― | ― | -85.12% | |
46 Neutral | C$452.06M | -55.40 | -4.59% | ― | ― | -7.48% |
* Basic Materials Sector Average
TSE:MEX
Mexican Gold Corp
0.13
0.08
177.78%
TSE:SLVR
Silver Tiger Metals
0.82
0.49
152.31%
TSE:SGO
Sonoro Gold
0.22
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83.33%
TSE:GGD
GoGold Resources
2.64
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52.60%
TSE:VIPR
Silver Viper Minerals
0.86
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TSE:SM
Sierra Madre Gold & Silver Ltd.
1.69
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181.67%
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.