Minaurum Gold Inc (TSE:MGG)
:MGG
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Minaurum Gold
(MGG)
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Rating:44Neutral
Price Target:
C$0.42
▼(-25.54% Downside)
Action:UpgradedDate:03/27/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and sustained negative free cash flow indicating continued funding needs) and bearish technicals (price below major moving averages with negative MACD). A debt-free balance sheet modestly reduces financial risk, but valuation metrics are limited by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces leverage risk for an exploration junior, preserving optionality to pursue drilling and permitting without immediate debt servicing. Over 2-6 months this boosts financial flexibility vs. debt-burdened peers when executing multi-phase exploration programs.
Negative Factors
No revenue / persistent losses
The company generates no operating revenue and reports persistent net losses (TTM net loss worsened to about -11.8M). Without operating cash inflows, the business cannot self-fund exploration and remains dependent on capital markets or partners to advance projects long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces leverage risk for an exploration junior, preserving optionality to pursue drilling and permitting without immediate debt servicing. Over 2-6 months this boosts financial flexibility vs. debt-burdened peers when executing multi-phase exploration programs.
Read all positive factors
Minaurum Gold (MGG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$177.06M
Dividend YieldN/A
Average Volume (3M)659.79K
Price to Earnings (P/E)―
Beta (1Y)3.91
Revenue GrowthN/A
EPS Growth-122.95%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding513,228,150
10 Day Avg. Volume672,236
30 Day Avg. Volume659,788
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)8.11
Price to Sales (P/S)0.00
P/FCF Ratio-13.57
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
Minaurum Gold Business Overview & Revenue Model
Company Description
Minaurum Gold Inc., an exploration stage company, engages in the acquisition, evaluation, and exploration of mineral properties in Mexico. The company explores for gold, silver, copper, lead, and zinc deposits. Its flagship project is the Alamos p...
How the Company Makes Money
Minaurum Gold does not appear to generate recurring operating revenue in the way a producing mining company does. Its business model is primarily to create value by identifying and advancing mineral exploration properties (e.g., through exploratio...
Minaurum Gold Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 |
|---|---|---|---|---|---|---|
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 |
| EBITDA | -10.80M | -4.56M | -1.82M | -7.69M | -6.58M | -6.92M |
| Net Income | -11.84M | -5.72M | -3.73M | -7.69M | -6.58M | -7.52M |
Balance Sheet | ||||||
| Total Assets | 32.38M | 7.66M | 8.28M | 10.55M | 16.70M | 11.98M |
| Cash, Cash Equivalents and Short-Term Investments | 24.46M | 1.21M | 739.41K | 1.90M | 8.76M | 4.10M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.02M | 570.15K | 688.01K | 362.26K | 826.31K | 509.73K |
| Stockholders Equity | 31.35M | 7.09M | 7.59M | 10.19M | 15.87M | 11.47M |
Cash Flow | ||||||
| Free Cash Flow | -10.17M | -4.24M | -1.57M | -4.95M | -6.11M | -6.88M |
| Operating Cash Flow | -10.32M | -4.24M | -1.57M | -4.15M | -6.11M | -6.88M |
| Investing Cash Flow | -220.30K | -400.95K | -96.53K | -662.16K | -157.91K | -236.22K |
| Financing Cash Flow | 32.87M | 5.17M | 782.18K | 0.00 | 8.49M | 8.77M |
Minaurum Gold Technical Analysis
Positive
0.56
Price Trends
0.44
Negative
0.45
Negative
0.38
Positive
Market Momentum
>-0.01
Negative
55.39
Neutral
82.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MGG, the sentiment is Positive. The current price of 0.56 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.44, and above the 200-day MA of 0.38, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.39 is Neutral, neither overbought nor oversold. The STOCH value of 82.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MGG.
Minaurum Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$174.93M | 13.21 | 21.93% | ― | 148.00% | ― | |
62 Neutral | C$417.45M | -14.70 | -8.05% | ― | ― | -75.00% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$140.76M | 16.60 | 7.23% | 8.87% | 28.16% | -30.00% | |
52 Neutral | C$144.38M | 30.75 | 24.84% | ― | ― | 131.21% | |
45 Neutral | C$156.34M | -87.02 | -5.85% | ― | ― | 85.77% | |
44 Neutral | C$177.06M | -16.49 | -74.62% | ― | ― | -122.95% |
* Basic Materials Sector Average
TSE:MGG
Minaurum Gold
0.35
0.20
137.93%
TSE:AU
Aurion Resources
2.57
1.73
209.04%
TSE:GG
Golconda Gold
2.45
2.05
512.50%
TSE:MJS
Majestic Gold
0.14
0.02
13.45%
TSE:NCAU
Newcore Gold
0.55
0.04
7.84%
TSE:XTG
Xtra-Gold Resource
3.10
1.05
51.22%
Minaurum Gold Corporate Events
Business Operations and Strategy
Minaurum Silver Hits High-Grade Intercepts at Quintera and Europa in Ongoing Alamos Drill Program
Positive
Mar 31, 2026
Minaurum Silver reported new high-grade drill results from the Quintera and Europa vein zones at its Alamos Silver Project in Sonora, Mexico, as part of a fully funded 50,000-metre Phase II resource expansion program. The latest holes at Quintera ...
Business Operations and StrategyRegulatory Filings and Compliance
Minaurum Silver Files NI 43-101 Technical Report for Alamos Project in Sonora
Positive
Feb 27, 2026
Minaurum Silver has filed an independent NI 43-101 technical report and mineral resource estimate for its 100%-owned Alamos Silver Project in Sonora, Mexico, following recent resource-expansion drilling at several key vein zones. The report, now a...
Business Operations and Strategy
Minaurum Ramps Up Drilling at Alamos Silver Project on Strong High-Grade Results
Positive
Feb 26, 2026
Minaurum Silver has expanded drilling at its Alamos Silver Project in Mexico to six rigs as part of a 50,000-metre Phase II resource expansion program. The company is continuing step-out drilling on the Europa and Promontorio-Travesia vein zones w...
Business Operations and Strategy
Minaurum Extends High-Grade Silver at Alamos with 250-metre Step-Out Hit
Positive
Feb 10, 2026
Minaurum Silver reported strong initial results from its Phase 2, 50,000-metre resource-expansion drill program at the Alamos Silver Project in Sonora, Mexico, highlighted by a 12.35-metre intercept grading 408 g/t silver equivalent, including 3.2...
Business Operations and Strategy
Minaurum Silver Unveils 55 Million Ounce Inferred Resource at Alamos Project
Positive
Jan 28, 2026
Minaurum Silver has delivered an initial inferred mineral resource estimate for its 100%-owned Alamos Silver Project in Sonora, Mexico, outlining 5.37 million tonnes grading 320 g/t silver equivalent for a contained 55.2 million ounces silver equi...
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.