Maple Gold Mines Ltd (TSE:MGM)
:MGM
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Maple Gold Mines Ltd
(MGM)
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Rating:45Neutral
Price Target:
C$2.50
▲(31.58% Upside)
Action:ReiteratedDate:04/03/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and worsening cash burn), partly offset by low leverage. Technicals are neutral-to-mixed and do not provide a strong momentum tailwind, while valuation metrics are not informative due to the lack of meaningful P/E and missing dividend yield.
Positive Factors
Low leverage and financial flexibility
A light debt load (debt-to-equity near ~1.6% in 2025) reduces insolvency risk and preserves strategic optionality for a junior explorer. Over 2–6 months this lowers financing pressure and gives management flexibility to time capital raises or transact assets without an immediate debt overhang.
Negative Factors
No revenue / exploration-stage
As an explorer with no operating revenue, value depends entirely on exploration outcomes and transactional exits. This structurally extends time to cash generation and makes operational sustainability contingent on successful drilling results or asset sales rather than recurring business cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and financial flexibility
A light debt load (debt-to-equity near ~1.6% in 2025) reduces insolvency risk and preserves strategic optionality for a junior explorer. Over 2–6 months this lowers financing pressure and gives management flexibility to time capital raises or transact assets without an immediate debt overhang.
Read all positive factors
Maple Gold Mines Ltd (MGM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$161.22M
Dividend YieldN/A
Average Volume (3M)140.89K
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue GrowthN/A
EPS Growth16.91%
CountryCA
Employees13
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.13
Shares Outstanding67,173,164
10 Day Avg. Volume156,195
30 Day Avg. Volume140,887
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.27
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
null...
Maple Gold Mines Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -127.07K | -187.07K | -219.00K | -189.00K | -186.00K |
| EBITDA | -7.97M | -4.22M | -7.76M | -9.96M | -5.53M |
| Net Income | -8.19M | -4.44M | -7.03M | -10.28M | -5.93M |
Balance Sheet | |||||
| Total Assets | 16.50M | 9.09M | 4.56M | 11.20M | 22.34M |
| Cash, Cash Equivalents and Short-Term Investments | 14.72M | 7.87M | 3.41M | 9.76M | 21.91M |
| Total Debt | 236.96K | 288.84K | 316.42K | 477.09K | 234.99K |
| Total Liabilities | 1.38M | 3.88M | 1.53M | 1.89M | 4.44M |
| Stockholders Equity | 15.12M | 5.21M | 3.03M | 9.30M | 17.90M |
Cash Flow | |||||
| Free Cash Flow | -10.41M | -4.27M | -6.16M | -12.09M | -4.32M |
| Operating Cash Flow | -10.40M | -4.25M | -6.15K | -12.04M | -4.25M |
| Investing Cash Flow | -2.70K | 61.91K | -57.80K | -46.49K | -27.45K |
| Financing Cash Flow | 17.26M | 8.72M | -221.87K | -58.05K | 6.16M |
Maple Gold Mines Ltd Technical Analysis
Positive
1.90
Price Trends
2.52
Negative
2.18
Positive
1.64
Positive
Market Momentum
-0.09
Negative
52.01
Neutral
84.24
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 2.31, below the 50-day MA of 2.52, and above the 200-day MA of 1.64, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 84.24 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$100.71M | 3.32 | 3.86% | ― | 160.50% | 96.56% | |
54 Neutral | C$196.09M | -3.08 | -118.61% | ― | ― | 4.64% | |
51 Neutral | C$135.63M | -7.36 | ― | ― | ― | ― | |
45 Neutral | C$161.22M | ― | -88.13% | ― | ― | 16.91% | |
42 Neutral | C$125.25M | -27.33 | 1090.02% | ― | -100.00% | -7.21% | |
40 Underperform | C$127.39M | -22.50 | 149.49% | ― | ― | -77.78% |
* Basic Materials Sector Average
TSE:MGM
Maple Gold Mines Ltd
2.40
1.65
220.00%
TSE:ABI
Abcourt Mines
0.11
0.05
90.91%
TSE:PPP
Prospector Metals
1.25
1.15
1150.00%
TSE:ESM
Euro Sun Mining
0.29
0.22
311.43%
TSE:LIO
Lion One Metals
0.25
-0.01
-3.85%
TSE:VEIN
Pasofino Gold
0.90
0.43
90.43%
Maple Gold Mines Ltd Corporate Events
Business Operations and StrategyExecutive/Board Changes
Maple Gold Mines Grants Annual Equity Incentives to Align Leadership with Shareholders
Positive
Apr 3, 2026
Maple Gold Mines Ltd. has approved annual equity incentive grants for its employees, officers, directors and consultants under its Equity Incentive Plan. The company issued stock options to purchase 895,000 common shares at an exercise price of $2...
Business Operations and Strategy
Maple Gold Extends High-Grade Mineralization at Joutel With New Drill Results
Positive
Apr 1, 2026
Maple Gold Mines reported new high-grade drill results from its ongoing 30,000-metre winter program at the Douay and Joutel projects in Québec, including 17.9 g/t gold over 3.9 metres within a wider 8.6 g/t gold over 10.4 metres at the Telbel...
Business Operations and StrategyPrivate Placements and Financing
Maple Gold bolsters cash and investor backing to advance Douay/Joutel gold camp
Positive
Mar 20, 2026
Maple Gold Mines has strengthened its balance sheet with proceeds of about $2.3 million from the early exercise of 2.7 million share purchase warrants by strategic investor Michael Gentile, increasing his ownership to approximately 8.4% and leavin...
Business Operations and StrategyExecutive/Board Changes
Maple Gold Extends High-Grade Mineralization at Joutel and Bolsters Exploration Leadership
Positive
Feb 26, 2026
Maple Gold Mines reported initial high-grade assay results from seven drill holes at its Joutel project, confirming that gold mineralization extends well beyond historically mined stopes and remains open in multiple directions. The results, from b...
Business Operations and StrategyPrivate Placements and Financing
Maple Gold Raises $16 Million in Oversubscribed Financing to Fund Exploration Push
Positive
Feb 18, 2026
Maple Gold Mines Ltd. has closed oversubscribed brokered and non-brokered private placement offerings totaling about $16 million in gross proceeds, primarily through the issuance of flow-through shares priced at $3.40 and common shares at $2.45. T...
Business Operations and StrategyPrivate Placements and Financing
Maple Gold Mines Launches C$16 Million Equity Financings to Fund Canadian Exploration
Positive
Jan 26, 2026
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-fl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.