Minaurum Gold (MGG) AI Stock Analysis

• Market Cap: C$63.47M
• Dividend Yield: N/A
• Average Volume (3M): 249.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.33
• Revenue Growth: N/A
• EPS Growth: -31.18%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 396,712,680
• 10 Day Avg. Volume: 289,141
• 30 Day Avg. Volume: 249,723
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

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. (MGG) is a mineral exploration company focused on the acquisition, exploration, and development of gold and silver projects in Mexico. The company operates in the mining sector, leveraging its expertise to discover and develop high-potential precious metal resources. Minaurum Gold's core services include the exploration of mineral properties with the aim of identifying economically viable deposits that can be further developed or sold to larger mining companies.

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 faces significant financial challenges, primarily due to a lack of revenue and ongoing operational losses. The balance sheet is stable with no debt, but the declining asset base and equity are concerning. Cash flow issues persist, with the company heavily reliant on external financing.

Income Statement

Minaurum Gold has reported zero revenue across all periods, which is a significant weakness for the income statement. The company has consistently reported negative net income, indicating ongoing operational challenges. Although there is a reduction in net loss from the previous year, the absence of revenue remains a critical issue.

Balance Sheet

The company shows a strong equity position with no debt, which is a positive aspect of its balance sheet. However, the continuous decline in stockholders' equity over the periods suggests potential financial strain. The equity ratio remains high, indicating a stable asset financing structure, but the overall asset base is declining.

Cash Flow

Operating cash flow is consistently negative, which is a concern for cash sustainability. Despite an improvement in free cash flow compared to prior periods, it remains negative. The company has relied heavily on financing activities to support its cash flow, which could be unsustainable in the long term.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00
	EBIT
-2.10M	-5.54M	-8.61M	-7.55M	-5.46M
	EBITDA
-1.82M	-7.69M	-6.58M	-7.52M	-5.37M
	Net Income Common Stockholders
-3.73M	-7.69M	-6.58M	-7.52M	-5.37M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
739.41K	1.90M	8.76M	4.10M	2.45M
	Total Assets
8.28M	10.55M	16.70M	11.98M	9.41M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-617.30K	-1.50M	-6.32M	-4.10M	-2.45M
	Total Liabilities
688.01K	362.26K	826.31K	509.73K	357.49K
	Stockholders Equity
7.59M	10.19M	15.87M	11.47M	9.05M
Cash Flow		Free Cash Flow
-1.57M	-4.95M	-6.44M	-7.40M	-5.35M
	Operating Cash Flow
-1.57M	-4.15M	-6.11M	-6.88M	-4.94M
	Investing Cash Flow
-96.53K	-662.16K	-157.91K	-236.22K	-429.84K
	Financing Cash Flow
782.18K	0.00	8.49M	8.77M	222.50K

Minaurum Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.19, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$53.83M	30.77	4.96%	―	―	―
Sector *	49 Neutral	$1.96B	-1.23	-21.20%	3.72%	0.88%	-29.24%
WGO	47 Neutral	$63.25M	―	-2.11%	―	―	―
OMI	44 Neutral	£75.08M	―	9.99%	―	―	67.15%
MGG	39 Underperform	C$63.47M	―	-52.45%	―	―	-31.18%

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.