Minaurum Gold (MGG) AI Stock Analysis

• Market Cap: C$228.51M
• Dividend Yield: N/A
• Average Volume (3M): 659.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.71
• Revenue Growth: N/A
• EPS Growth: -70.87%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 507,803,400
• 10 Day Avg. Volume: 672,236
• 30 Day Avg. Volume: 659,788
• 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 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.56 ▲(0.54% Upside)

The score is primarily constrained by weak financial performance (no revenue, persistent losses, and ongoing free-cash-flow deficits), implying financing/dilution risk despite a no-debt balance sheet. Technicals are notably stronger with an uptrend across major moving averages and positive MACD, but valuation remains pressured by negative earnings and no dividend support.

Positive Factors

Strategic Project Development

Establishing a maiden resource at Promontorio could significantly enhance the company's asset base and attract potential partnerships or sales, supporting long-term growth.

Strong Equity Position

A strong equity position with no debt provides financial stability and flexibility, allowing the company to pursue strategic opportunities without financial strain.

High-Grade Silver Discovery

The discovery of high-grade silver intercepts at the Alamos Project indicates potential for resource expansion, enhancing future operations and market position.

Negative Factors

Consistent Losses

Ongoing financial losses reflect operational inefficiencies and financial instability, challenging the company's ability to achieve profitability and sustain long-term growth.

Negative Cash Flows

Negative operating cash flows indicate a cash outflow from operations, which can strain resources and limit the company's ability to fund future exploration without external financing.

Zero Revenue

Consistent zero revenue highlights an inability to monetize exploration efforts, posing significant risks to financial sustainability and operational viability.

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 project, which has 16 mining claims covering an area of 37,928.5 hectares in Southern Sonora. The company was formerly known as Chava Resources Ltd. and changed its name to Minaurum Gold Inc. in November 2009. Minaurum Gold Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Minaurum Gold makes money primarily through the exploration and sale of mineral properties. The company generates revenue by discovering new gold and silver deposits and increasing the value of these properties through successful exploration activities. Once a property is sufficiently developed and proven to have significant mineral resources, Minaurum can choose to sell the property to a larger mining company or enter into joint venture agreements, earning revenue through the sale or shared profits. Additionally, Minaurum may raise capital through equity financing, allowing it to fund ongoing exploration projects and maintain its operations. Strategic partnerships and collaborations with other mining entities or investors can also contribute to the company's earnings by providing additional resources and expertise to enhance exploration success.

Minaurum Gold Financial Statement Overview

Summary

Minaurum Gold is facing financial challenges with zero revenue and consistent losses impacting its income statement. While the balance sheet is strengthened by a high equity position and no debt, negative cash flows from operations highlight the need for revenue generation and operational efficiency.

Income Statement

Minaurum Gold has reported zero revenue consistently, indicating that the company is not yet generating sales. This is a significant concern as there is no gross profit or net profit margin to evaluate. The continuous operating losses shown by negative EBIT and EBITDA margins reflect operational inefficiency and financial instability.

Balance Sheet

The company has a strong equity position with a high equity ratio, indicating financial stability and low leverage, as evidenced by zero total debt. However, consistent negative net income impacts return on equity adversely. The company's assets are primarily financed by equity, which is a positive aspect.

Cash Flow

Operating cash flows are consistently negative, indicating a cash outflow from operations. While the free cash flow is negative, the company has managed to finance its activities through equity, as seen in positive financing cash flows. However, the lack of operational cash inflow is concerning.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-7.63M	-4.56M	-1.82M	-7.69M	-6.58M	-6.92M
Net Income	-9.09M	-5.72M	-3.73M	-7.69M	-6.58M	-7.52M
Balance Sheet
Total Assets	11.86M	7.66M	8.28M	10.55M	16.70M	11.98M
Cash, Cash Equivalents and Short-Term Investments	4.11M	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	1.43M	570.15K	688.01K	362.26K	826.31K	509.73K
Stockholders Equity	10.43M	7.09M	7.59M	10.19M	15.87M	11.47M
Cash Flow
Free Cash Flow	-6.77M	-4.24M	-1.57M	-4.95M	-6.11M	-6.88M
Operating Cash Flow	-6.92M	-4.24M	-1.57M	-4.15M	-6.11M	-6.88M
Investing Cash Flow	-211.39K	-400.95K	-96.53K	-662.16K	-157.91K	-236.22K
Financing Cash Flow	8.70M	5.17M	782.18K	0.00	8.49M	8.77M

Minaurum Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.44, above the 50-day MA of 0.37, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 68.77 is Neutral, neither overbought nor oversold. The STOCH value of 63.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MGG.

Minaurum Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GG	72 Outperform	C$182.79M	19.65	14.01%	―	145.27%	―
MJS	68 Neutral	C$198.11M	17.12	7.20%	8.87%	28.21%	-9.76%
XTG	64 Neutral	C$139.13M	33.05	23.36%	―	―	379.90%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AU	58 Neutral	C$233.26M	-39.05	-7.79%	―	―	-105.98%
MGG	51 Neutral	C$228.51M	-25.81	-89.19%	―	―	-70.87%
NCAU	49 Neutral	C$221.33M	-49.09	-5.92%	―	―	-7.14%

Minaurum Gold Corporate Events

Minaurum Rebrands as Minaurum Silver to Highlight Focus on Flagship Alamos Project

Minaurum Gold Inc. has rebranded as Minaurum Silver Inc., a move that reflects its strategic shift to a silver-focused identity and its commitment to advancing the flagship Alamos Silver Project in Sonora, Mexico. The name change, approved by the board in November, will take effect on the TSX Venture Exchange on December 22, 2025, with new CUSIP and ISIN numbers assigned but no action required from shareholders, and the existing stock symbols on the TSXV and OTCQX remaining unchanged. By highlighting the silver-centric expertise of its leadership team—bolstered by the addition of SilverCrest Metals’ resource modeling specialists—the company is signaling a more defined positioning within the silver exploration space, aiming to accelerate project development and support future growth and value creation for investors.

Minaurum Gold Secures C$25M in Private Placement to Fund Alamos Project

Minaurum Gold Inc. has successfully closed a brokered private placement, raising C$25 million through the sale of 69,444,442 units, including the full exercise of the agents’ option. The proceeds will be used for exploration and a phase II drill program at the Alamos silver project, as well as for general working capital. The placement was led by Cormark Securities Inc., with participation from other agents, and involved both Canadian and international investors. The transaction includes common shares and warrants, with certain securities subject to a statutory hold period.

Minaurum Gold Expands Alamos Silver Project Drilling Program

Minaurum Gold Inc. has announced the expansion of its Phase II resource-expansion drill program at the Alamos Silver Project in Sonora, Mexico, doubling the planned drilling from 25,000 meters to 50,000 meters. This expansion, driven by strong institutional interest, aims to test more vein-zone targets and grow the mineralized footprint, supporting a major resource update planned for 2026. The success of this program is contingent on the closing of ongoing financing, and the company has also issued stock options to its directors, officers, and consultants.

Minaurum Gold Inc. Announces C$10 Million Private Placement to Boost Exploration

Minaurum Gold Inc. has announced a C$10 million best efforts private placement agreement with Cormark Securities Inc. The proceeds from this offering will be used for exploration expenditures, a phase II drill program on the Alamos silver project, and general working capital, potentially enhancing the company’s operational capabilities and market position.

Minaurum Gold Advances Alamos Silver Project with Phase II Expansion Drilling

Minaurum Gold Inc. has completed its Phase I infill drilling program and is launching a Phase II 25,000-meter resource expansion drill program at its Alamos Silver Project in Sonora, Mexico. This initiative aims to expand existing targets and explore additional zones, with the goal of a major resource update in 2026. The company has identified 26 vein zones, with high-grade silver intercepts in several areas, indicating significant mineralization potential. The expansion is expected to enhance Minaurum’s resource estimate and strengthen its position in the mining sector.

Minaurum Gold Reports High-Grade Silver Discoveries at Alamos Project

Minaurum Gold Inc. announced significant results from its 2025 resource-definition drill program at the Alamos Silver Project in Sonora, Mexico. The drilling program has successfully identified high-grade silver intersections, particularly in the Promontorio, Travesia, and Europa vein zones, demonstrating continuity of mineralization and potential for further resource development. These findings enhance Minaurum’s positioning in the silver mining sector and offer promising implications for stakeholders as the company progresses towards establishing a maiden resource at Alamos.

Minaurum Gold Reports High-Grade Silver Discoveries at Alamos Project

Minaurum Gold Inc. has announced promising initial results from its 2025 resource-definition drill program at the Alamos Silver Project in Sonora, Mexico. The drilling has revealed high-grade silver intersections in the Promontorio, Europa, and Travesia vein zones, with significant findings including 21.45 meters of 220 g/t silver equivalent and 1.75 meters of 845 g/t silver equivalent. These results confirm strong mineralization at depth and along strike, supporting the company’s plans to establish a maiden resource estimate, potentially enhancing its market position and offering positive implications for stakeholders.