Maple Gold Mines Ltd (MGM) AI Stock Analysis

• Market Cap: C$38.66M
• Dividend Yield: N/A
• Average Volume (3M): 756.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.17
• Revenue Growth: N/A
• EPS Growth: 42.51%
• Country: CA
• Employees: 13
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 454,766,100
• 10 Day Avg. Volume: 425,885
• 30 Day Avg. Volume: 756,329
• 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: C$0.36
• Price Target Upside: 350.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Maple Gold Mines Ltd exhibits significant financial performance challenges, particularly due to its lack of revenue and reliance on external financing. However, its technical indicators show positive momentum, and recent corporate events highlight potential for growth through exploration successes. The valuation remains a concern due to a negative P/E ratio and lack of dividends, but the promising gold discovery at the Douay Project introduces a positive outlook for future developments.

Maple Gold Mines Ltd Business Overview & Revenue Model

Company Description

Maple Gold Mines Ltd (MGM) is a Canadian-based exploration company dedicated to the discovery and development of gold resources in Quebec, Canada. The company primarily focuses on advancing its flagship Douay Gold Project, strategically located in the prolific Abitibi Greenstone Belt. Maple Gold Mines engages in the acquisition, exploration, and development of mineral properties with a core emphasis on gold mining.

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 financial challenges, primarily due to zero revenue and increasing operating losses. The balance sheet shows some liquidity, but a declining equity ratio and negative cash flows indicate reliance on external funding and highlight the need for strategic changes.

Income Statement

Maple Gold Mines Ltd has consistently reported zero revenue over multiple periods, indicating no current production or sales activities. The company also shows a trend of increasing net losses, with the latest TTM (Trailing-Twelve-Months) net income declining further to -4.32 million CAD. The absence of revenue growth alongside deteriorating profitability metrics such as EBIT and EBITDA margins indicates significant financial challenges.

Balance Sheet

The company maintains a low level of total debt relative to equity, evidenced by a debt-to-equity ratio of 0.13 in the latest TTM period. However, the equity ratio is declining, now at 43.66%, which suggests diminishing shareholder value over time. Despite some liquidity in terms of cash and short-term investments, the continuous erosion of stockholders' equity raises concerns about long-term financial stability.

Cash Flow

Operating cash flow remains negative, reflecting the company's lack of operational cash generation. The free cash flow has also been consistently negative, posing a challenge to sustainability without external financing. The absence of positive cash flow metrics suggests ongoing reliance on financing activities to fund operations and cover cash outflows.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-219.11K	-188.65K	-186.29K	-100.71K	-158.39K
	EBIT
-7.78M	-10.17M	-5.83M	-4.39M	-3.34M
	EBITDA
-7.76M	-9.95M	-5.53M	-4.03M	-2.93M
	Net Income Common Stockholders
-7.03M	-10.39M	-6.03M	-5.35M	-4.38M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.41M	9.76M	21.91M	20.01M	4.10M
	Total Assets
4.56M	11.20M	22.34M	21.55M	5.84M
	Total Debt
316.42K	477.09K	234.99K	544.90K	584.56K
	Net Debt
-3.01M	-9.28M	-21.67M	-19.47M	-3.52M
	Total Liabilities
1.53M	1.89M	4.44M	2.45M	2.52M
	Stockholders Equity
3.03M	9.30M	17.90M	19.10M	3.32M
Cash Flow		Free Cash Flow
―	-12.09M	-4.32M	-3.53M	-1.94M
	Operating Cash Flow
―	-12.04M	-4.25M	-3.52M	-1.91M
	Investing Cash Flow
-57.80K	-46.49K	-27.45K	-14.08K	-14.70K
	Financing Cash Flow
―	-58.05K	6.16M	19.44M	3.24M

Maple Gold Mines Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 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 0.08 is below the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 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
KTO	54 Neutral	C$37.73M	―	-4.60%	―	―	41.80%
Sector *	49 Neutral	$1.95B	-1.37	-21.43%	3.74%	0.84%	-29.84%
MGM	47 Neutral	C$38.66M	―	-107.89%	―	―	42.51%
AUMB	47 Neutral	C$40.02M	―	-14.84%	―	-100.00%	-21.05%
ABI	42 Neutral	C$36.29M	―		―	―	―
BTR	39 Underperform	C$41.72M	―	-108.81%	―	―	-4.84%
ECR	32 Underperform	C$36.46M	―	-26.84%	―	―	-550.00%

Maple Gold Mines Ltd Corporate Events

Maple Gold Mines Unveils Promising High-Grade Gold Discovery at Douay Project

Maple Gold Mines Ltd announced significant assay results from its 2025 winter drill campaign at the Douay Gold Project, highlighting a new high-grade, bulk tonnage target in the Nika Zone. The drill results, particularly from hole DO-25-338, revealed exceptional gold grades and thickness, marking the best intercept in the Nika Zone to date. This discovery supports the company’s strategy to expand the Douay mineral resource and positions Maple Gold favorably for future exploration and development, with plans for immediate follow-up drilling.