Maple Gold Mines Ltd (MGM) AI Stock Analysis

• Market Cap: C$156.05M
• Dividend Yield: N/A
• Average Volume (3M): 140.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• 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: 62,419,630
• 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

Low leverage

Very low debt reduces solvency risk and preserves financing optionality for an exploration company. Over the next 2–6 months this lowers default and refinancing pressure, giving management time to advance projects or secure project-level financing without immediate distress.

Proven exploration jurisdiction

Operating in the Abitibi Greenstone Belt provides durable geological and infrastructural advantages. The region's long-term prospectivity and established permitting and service sectors support efficient drill programs and increase the likelihood of discoverable value over a multi-month to multi-year horizon.

Cash losses track reported losses

Losses that are largely cash-backed improve visibility into real cash burn and reduce risk of hidden non-cash impairments. This clarity helps management and investors plan financing and project timelines more reliably over coming months, improving governance of exploration spend.

Negative Factors

No revenue; persistent losses

The absence of revenue and recurring operating losses mean the business lacks self-sustaining cash generation. Over a 2–6 month horizon this structural deficit forces dependence on capital markets or partners to fund exploration, making project timelines and continuity contingent on external financing.

Negative free cash flow

Material negative free cash flow that is worsening constrains the company's ability to advance drill programs and meet overheads without fresh funding. This elevates dilution risk and restricts strategic optionality, and is a durable constraint until the company materially reduces burn or secures sustained funding.

Eroded equity and negative ROE

A diminished equity base limits the balance-sheet buffer against further losses and increases reliance on external capital. Negative ROE signals capital is not creating shareholder value, implying persistent dilution or restructuring risk that can impede long-term project development and investor returns.

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

Financial results are weak: no revenue reported, persistent negative EBIT/EBITDA and net losses (TTM net loss ~-$4.5M), and ongoing cash burn (TTM free cash flow ~-$6.4M). The main offset is low leverage (TTM debt-to-equity ~0.03), but equity has eroded to ~7.5M and profitability remains structurally absent.

Income Statement

Results remain heavily loss-making with no revenue reported across the periods provided (including TTM (Trailing-Twelve-Months)). Operating losses are persistent (EBIT and EBITDA negative every year), and net losses continue in TTM (Trailing-Twelve-Months) at roughly -$4.5M. A relative positive is that losses are narrower than the 2022 trough, but profitability is still structurally weak without a revenue base.

Balance Sheet

Leverage is low, with debt-to-equity staying modest (about 0.03 in TTM (Trailing-Twelve-Months)), which reduces solvency risk. However, equity has fallen substantially from 2020–2021 levels to ~7.5M in TTM (Trailing-Twelve-Months), reflecting ongoing losses and dilution/erosion risk. Returns on equity are materially negative across all periods, indicating capital is not currently generating profits.

Cash Flow

Cash generation is a clear weakness: operating cash flow and free cash flow are negative throughout, and TTM (Trailing-Twelve-Months) free cash flow is about -$6.4M. Cash burn has worsened versus 2024 (annual), and cash flow does not currently support self-funding operations, implying continued reliance on financing. A minor positive is that free cash flow broadly tracks net loss (i.e., losses are largely cash-backed rather than purely accounting-driven).

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	-6.15K	-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: Positive
• RSI: Neutral
• STOCH: Neutral

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 2.48, below the 50-day MA of 2.06, and above the 200-day MA of 1.31, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 59.36 is Neutral, neither overbought nor oversold. The STOCH value of 37.43 is Neutral, 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$193.57M	-10.37	-71.51%	―	―	4.64%
LIO	51 Neutral	C$141.00M	-89.29	-0.57%	―	160.50%	96.56%
MGM	50 Neutral	C$156.05M	-25.34	-91.76%	―	―	16.91%
VEIN	50 Neutral	C$128.38M	-5.42	―	―	―	―
ABI	47 Neutral	C$107.49M	-4.71	―	―	-100.00%	-7.21%
ESM	47 Neutral	C$131.10M	-25.00	―	―	―	-77.78%

Maple Gold Mines Ltd Corporate Events

Maple Gold Mines Launches C$16 Million Equity Financings to Fund Canadian Exploration

Maple Gold Mines Ltd. has launched a brokered listed issuer financing equity offering of up to C$11.99 million in flow-through shares alongside a concurrent non-brokered private placement of up to C$4.02 million in a mix of flow-through and non-flow-through shares, with Canaccord Genuity acting as lead agent and strategic investor Michael Gentile participating to maintain his ownership stake. Proceeds from the flow-through shares will fund qualifying Canadian exploration expenditures on the company’s domestic projects, while funds from the non-flow-through shares will support general and administrative costs and working capital, with the structure of the deal reflecting continued use of tax-efficient flow-through financing and underscoring investor support ahead of planned exploration activity, subject to regulatory approvals and closing conditions.

The most recent analyst rating on (TSE:MGM) stock is a Hold with a C$2.50 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 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.