Minaurum Gold (MGG) AI Stock Analysis

• Market Cap: C$93.23M
• Dividend Yield: N/A
• Average Volume (3M): 518.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.44
• Revenue Growth: N/A
• EPS Growth: -31.18%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 396,712,680
• 10 Day Avg. Volume: 476,634
• 30 Day Avg. Volume: 518,001
• PEG Ratio: -0.77
• Price to Book (P/B): 8.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.52
• 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

• Rating: 39 Underperform
• Price Target: ―

Minaurum Gold's overall stock score is low due to significant financial performance challenges, including zero revenue and consistent losses. Technical indicators point to a bearish trend. However, positive corporate events involving high-grade silver intercepts at Alamos provide a glimmer of hope for future potential, partially offsetting the negative financial and technical outlook.

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	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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-5.19M	-1.82M	-7.69M	-6.58M	-6.92M	-5.13M
Net Income	-4.76M	-3.73M	-7.69M	-6.58M	-7.52M	-5.37M
Balance Sheet
Total Assets	9.53M	8.28M	10.55M	16.70M	11.98M	9.41M
Cash, Cash Equivalents and Short-Term Investments	1.72M	739.41K	1.90M	8.76M	4.10M	2.45M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	296.93K	688.01K	362.26K	826.31K	509.73K	357.49K
Stockholders Equity	9.24M	7.59M	10.19M	15.87M	11.47M	9.05M
Cash Flow
Free Cash Flow	-3.49M	-1.57M	-4.95M	-6.11M	-6.88M	-5.35M
Operating Cash Flow	-3.49M	-1.57M	-4.15M	-6.11M	-6.88M	-4.94M
Investing Cash Flow	-550.55K	-96.53K	-662.16K	-157.91K	-236.22K	-429.84K
Financing Cash Flow	5.16M	782.18K	0.00	8.49M	8.77M	222.50K

Minaurum Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.24 is below the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.20, and above the 200-day MA of 0.21, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.81 is Neutral, neither overbought nor oversold. The STOCH value of 9.70 is Positive, 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
GFG	57 Neutral	C$49.44M	26.12	4.81%	―	―	―
Sector *	44 Neutral	C$953.01M	-6.70	-13.31%	2.79%	17.55%	-32.28%
MGG	39 Underperform	C$93.23M	―	-52.45%	―	―	-31.18%
OMI		£26.98M	―		―	―	―
EFRGF		$50.10M	―		―	―	―
WHGOF		$42.58M	―	-2.14%	―	―	―
CRDOF		$65.28M	13.93	11.46%	―	―	―

Minaurum Gold Corporate Events

Minaurum Gold Reports Significant High-Grade Silver Intercepts at Alamos Project

Minaurum Gold Inc. has announced significant results from its ongoing drilling program at the Alamos Silver Project in Sonora, Mexico, highlighting the discovery of the widest high-grade silver intercept to date. The results, which include a 36.65-meter intercept of 328 g/t silver equivalent, confirm the continuity of high-grade mineralization and support the company’s plans to establish a maiden resource at the Promontorio vein zone. These findings are expected to enhance Minaurum’s operations and strengthen its position in the mining industry, potentially offering positive implications for stakeholders.

Minaurum Gold Announces High-Grade Silver Intercepts at Alamos Project

Minaurum Gold Inc. has announced significant results from its drilling program at the Alamos Silver Project in Sonora, Mexico, particularly in the Promontorio vein zone. The results reveal substantial high-grade silver mineralization, with notable intercepts, enhancing the project’s potential and continuity of mineral richness. These findings affirm the promise of the Alamos project and indicate the company’s continued focus on expanding and defining resources in this high-priority area.