Maple Gold Mines Ltd (MGM) AI Stock Analysis

• Market Cap: C$144.90M
• Dividend Yield: N/A
• Average Volume (3M): 140.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: N/A
• EPS Growth: 16.91%
• Country: CA
• Employees: 13
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.04
• Shares Outstanding: 62,156,124
• 10 Day Avg. Volume: 156,195
• 30 Day Avg. Volume: 140,887
• PEG Ratio: 0.10
• Price to Book (P/B): 3.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.32
• 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: 50 Neutral
• Price Target: C$2.50 ▲(31.58% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), with only limited balance-sheet support from low leverage. Technicals provide the main positive via a strong uptrend and positive momentum, though overbought readings add short-term risk. Valuation remains unattractive/uncertain due to negative earnings and no dividend yield data.

Positive Factors

OTCQX Market Qualify

Upgrading to OTCQX is a structural market-access improvement that broadens U.S. investor reach, improves liquidity prospects, and signals higher disclosure/governance standards. Over months this can lower funding costs and expand potential strategic partners and institutional interest.

Low Leverage

Very low debt materially reduces solvency risk for an exploration company, preserving operational flexibility. This durable balance sheet strength allows the company to pursue drilling and development without large interest burdens, important while revenues remain absent.

Prime Asset Location

Concentrated holdings in the Abitibi Greenstone Belt provide structural exploration upside and access to regional mining infrastructure, skilled labor, and a mature permitting environment. This location increases the probability of economically viable discoveries and JV interest over time.

Negative Factors

No Revenue / Persistent Losses

Absence of revenue and recurring net losses mean the company remains exploration-stage without self-sustaining cash generation. Over months this erodes capital, raises financing dependency, and hampers progress toward development or mine financing without strategic asset monetization.

Negative Cash Flow / Cash Burn

Sustained negative operating and free cash flow indicates the business cannot fund its exploration agenda internally. Continued cash burn forces reliance on capital markets or partnerships, increasing dilution risk and the potential for slowed project timelines if financing conditions tighten.

Equity Erosion & Poor Returns

Significant decline in shareholder equity and persistent negative ROE reflect capital erosion from losses and dilution. This weakens the company's capacity to raise non-dilutive capital, undermines investor confidence, and complicates long-term funding for resource development or advancing projects to production.

Maple Gold Mines Ltd Business Overview & Revenue Model

Company Description

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project with 691 mineral claims covering an area of approximately 369 square kilometers located in the Casa Berardi deformation zone in the Abitibi Greenstone Belt of northern Quebec; and the Joutel project covering an area of approximately 39 square kilometers located in Quebec, Canada. The company was formerly known as Aurvista Gold Corporation and changed its name to Maple Gold Mines Ltd. in November 2017. Maple Gold Mines Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Maple Gold Mines Ltd generates revenue primarily through the exploration and potential development of gold mining projects. The company's key revenue streams include raising capital through equity financing to fund exploration activities, entering into joint ventures or partnerships with other mining companies to share costs and risks, and selling or leasing mining claims to other entities. Significant partnerships, such as joint ventures with established mining companies, can contribute to its earnings by providing additional resources and expertise to advance exploration and development projects more efficiently.

Maple Gold Mines Ltd Financial Statement Overview

Summary

Maple Gold Mines Ltd faces significant challenges as indicated by its financial statements. The absence of revenue generation, coupled with ongoing losses and reliance on external financing, underscores financial instability. While the balance sheet shows some stability due to low leverage, the company's cash flow issues and declining asset base require attention.

Income Statement

Maple Gold Mines Ltd has consistently reported zero revenue, leading to negative profitability metrics. The company incurs losses with a negative net income and gross profit, affecting margins adversely. The lack of revenue growth highlights a challenging financial position within the income statement metrics.

Balance Sheet

The balance sheet shows moderate financial stability with a healthy equity position compared to its liabilities. The debt-to-equity ratio is low, suggesting conservative leverage. However, the continuous decline in total assets and stockholders' equity raises concerns over the company's long-term sustainability.

Cash Flow

Cash flow metrics indicate high volatility, with negative operating and free cash flows, which are not covered by net income, suggesting operational challenges. Despite positive financing cash flows, the reliance on external financing for cash needs poses risks to financial health.

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	1.92M	-187.07K	-219.00K	-189.00K	-186.00K	-101.00K
EBITDA	-4.33M	-4.22M	-7.76M	-9.96M	-5.53M	-4.03M
Net Income	-4.53M	-4.44M	-7.03M	-10.28M	-5.93M	-4.47M
Balance Sheet
Total Assets	8.53M	9.09M	4.56M	11.20M	22.34M	21.55M
Cash, Cash Equivalents and Short-Term Investments	7.62M	7.87M	3.41M	9.76M	21.91M	20.01M
Total Debt	244.46K	288.84K	316.42K	477.09K	234.99K	544.90K
Total Liabilities	1.07M	3.88M	1.53M	1.89M	4.44M	2.45M
Stockholders Equity	7.45M	5.21M	3.03M	9.30M	17.90M	19.10M
Cash Flow
Free Cash Flow	-6.40M	-4.27M	-6.16M	-12.09M	-4.32M	-3.53M
Operating Cash Flow	-6.38M	-4.25M	―	-12.04M	-4.25M	-3.52M
Investing Cash Flow	-18.18K	61.91K	-57.80K	-46.49K	-27.45K	-14.08K
Financing Cash Flow	9.66M	8.72M	-221.87K	-58.05K	6.16M	19.44M

Maple Gold Mines Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MGM, the sentiment is Positive. The current price of 1.9 is below the 20-day moving average (MA) of 1.97, above the 50-day MA of 1.72, and above the 200-day MA of 1.16, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 74.02 is Negative, neither overbought nor oversold. The STOCH value of 92.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MGM.

Maple Gold Mines Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PPP	54 Neutral	C$185.95M	-9.97	-71.51%	―	―	4.64%
LIO	53 Neutral	C$114.81M	-69.05	-0.57%	―	160.50%	96.56%
MGM	50 Neutral	C$144.90M	-24.85	-91.76%	―	―	16.91%
ESM	50 Neutral	C$160.71M	-30.08	―	―	―	-77.78%
ABI	47 Neutral	C$129.62M	-5.16	―	―	-100.00%	-7.21%
VEIN	44 Neutral	C$102.70M	-4.40	―	―	―	―

Maple Gold Mines Ltd Corporate Events

Maple Gold Mines Secures Shareholder Approval for Strategic Resolutions

Maple Gold Mines Ltd. announced that all proposed resolutions at its Annual General and Special Meeting of Shareholders were passed by a significant majority. This outcome supports the company’s strategic initiatives in advancing its gold exploration and resource expansion efforts, potentially enhancing its position in the gold mining industry.

The most recent analyst rating on (TSE:MGM) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on Maple Gold Mines Ltd stock, see the TSE:MGM Stock Forecast page.

Maple Gold Mines Launches Largest Drill Program at Douay/Joutel Projects

Maple Gold Mines Ltd has announced the commencement of a 30,000-meter diamond drill program at its Douay and Joutel Gold Projects in Québec, marking the largest expansionary drill campaign in the property’s history. This initiative, backed by a strong cash position and recent successful fundraising efforts, aims to expand resource growth and discovery potential, enhancing shareholder value and advancing the company’s strategic positioning in the gold mining sector.

The most recent analyst rating on (TSE:MGM) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on Maple Gold Mines Ltd stock, see the TSE:MGM Stock Forecast page.

Maple Gold Mines Secures $13 Million in Oversubscribed Financing

Maple Gold Mines Ltd. has successfully closed a $13 million brokered private placement offering, issuing both non-flow-through and flow-through common shares. This financing, which was oversubscribed, strengthens the company’s financial position and supports its growth strategy, including an expanded drill program. The funds raised will be used for exploration expenses in Québec and general corporate purposes, reflecting strong investor confidence in the company’s assets and strategic direction.

The most recent analyst rating on (TSE:MGM) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on Maple Gold Mines Ltd stock, see the TSE:MGM Stock Forecast page.

Maple Gold Mines Adapts Shareholder Meeting Plans Amid Postal Disruption

Maple Gold Mines Ltd has announced arrangements for its upcoming annual general and special meeting of shareholders, which will be held on November 26, 2025, in Vancouver. Due to a Canada Post service disruption, the company is offering alternative options for shareholders to access meeting materials and vote. This announcement ensures that shareholders can participate in the meeting despite postal challenges, maintaining transparency and engagement with stakeholders.

The most recent analyst rating on (TSE:MGM) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on Maple Gold Mines Ltd stock, see the TSE:MGM Stock Forecast page.