Nevgold Corp (NAU) AI Stock Analysis

• Market Cap: C$155.27M
• Dividend Yield: N/A
• Average Volume (3M): 433.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: N/A
• EPS Growth: -38.35%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 131,581,850
• 10 Day Avg. Volume: 917,683
• 30 Day Avg. Volume: 433,067
• PEG Ratio: -0.95
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.14
• 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: 51 Neutral
• Price Target: C$1.00 ▼(-3.85% Downside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and accelerating cash burn) and an unattractive earnings-based valuation (negative P/E with no dividend support). These are partially offset by strong technical strength, with the stock trading above key moving averages and showing positive momentum.

Positive Factors

Moderate leverage

A low debt-to-equity (~0.15) means limited interest burden and greater financial flexibility. Over the next several months this reduces refinancing pressure, preserves capacity to fund development spending, and lowers short-term solvency risk versus highly levered peers.

Growing equity cushion

Equity expansion from ~5.9M (2020) to ~25.1M (TTM) supports a larger asset base and provides a capital buffer. This thicker equity base helps absorb development setbacks, underpins capital-intensive mining activities, and reduces immediate reliance on costly external financing.

Cash-loss transparency

Free cash flow tracking net income (~1.0) indicates reported losses reflect real cash outflows rather than large non-cash adjustments. This improves the reliability of cash forecasting and financing plans, aiding durable liquidity assessment and reducing hidden accounting risk.

Negative Factors

Pre-revenue profile

Lack of historical revenue means the business hasn’t generated operating cash from sales, leaving economics unproven. Over 2–6 months this sustains high execution and financing risk, forcing reliance on external capital and increasing the chance of dilution before revenue generation.

Accelerating cash burn

Operating and free cash flow are negative (≈-1.9M TTM) and FCF worsened ~40% versus 2024. Accelerating cash burn raises near-term funding needs, heightens dependence on external financing, and constrains the company’s ability to invest in development without dilutive capital raises.

Negative returns on equity

ROE of roughly -20% shows shareholder capital is being consumed by losses, undermining capital efficiency. Coupled with materially higher debt since 2023, this raises the company’s financing reliance and risk profile, threatening long-term sustainability if losses persist.

Nevgold Corp Business Overview & Revenue Model

Company Description

NevGold Corp. engages in the exploration and development of mineral properties. The company explores for gold and silver polymetallic deposits. It owns interests in the Limousine Butte and Cedar Wash projects in Nevada, the United States; and the Ptarmigan silver polymetallic project in British Columbia, Canada. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Nevgold Corp makes money primarily through the exploration and development of mineral resources, specifically gold and other precious metals. The company generates revenue by increasing the value of its mining projects through successful exploration and development strategies, which can lead to the sale of these assets to larger mining companies or the production and sale of extracted minerals. Additionally, Nevgold may engage in joint ventures or partnerships with other mining entities to share costs and risks, enhancing its financial position and enabling future growth. The company's earnings are significantly influenced by factors such as commodity prices, exploration success, and operational efficiency.

Nevgold Corp Financial Statement Overview

Summary

Nevgold Corp's financial performance is typical for an exploration-stage mining company, with no revenue generation, ongoing losses, and consistent cash outflows. While the balance sheet shows a strong equity base, the company faces significant financial challenges due to cash burn and reliance on external funding.

Income Statement

Nevgold Corp shows no revenue as expected in the mining exploration phase, leading to negative gross, EBIT, and net margins. The lack of revenue growth and increasing losses indicate financial challenges in generating income.

Balance Sheet

The company's balance sheet reveals moderate leverage with a debt-to-equity ratio of 0.14 and a strong equity ratio of 79%. However, the increasing net losses impact the return on equity negatively.

Cash Flow

Negative operating and free cash flows reflect cash burn typical of exploration companies. Financing activities have provided necessary liquidity, but this reliance on external funding poses a risk.

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	-70.26K	-68.88K	-67.91K	-62.45K	-9.14K	-3.86K
EBITDA	-4.44M	-3.35M	-2.31M	-2.44M	-2.88M	-73.18K
Net Income	-4.83M	-3.47M	-2.59M	-2.53M	-2.89M	-59.97K
Balance Sheet
Total Assets	31.29M	29.32M	22.28M	18.42M	11.11M	6.30M
Cash, Cash Equivalents and Short-Term Investments	2.22M	1.14M	151.52K	2.50M	2.76M	91.70K
Total Debt	3.67M	3.31M	210.74K	272.77K	301.50K	0.00
Total Liabilities	5.42M	5.76M	2.47M	825.73K	608.56K	351.77K
Stockholders Equity	25.06M	22.75M	18.81M	17.60M	10.50M	5.95M
Cash Flow
Free Cash Flow	-1.93M	-2.04M	-1.12M	-2.04M	-2.22M	-100.93K
Operating Cash Flow	-1.93M	-2.04M	-1.12M	-2.01M	-1.24M	-70.66K
Investing Cash Flow	-1.49M	-2.11M	-2.12M	-4.28M	-2.85M	-30.80K
Financing Cash Flow	5.09M	5.14M	875.97K	6.02M	6.88M	191.85K

Nevgold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAU, the sentiment is Positive. The current price of 1.04 is above the 20-day moving average (MA) of 0.95, above the 50-day MA of 0.83, and above the 200-day MA of 0.47, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 67.74 is Neutral, neither overbought nor oversold. The STOCH value of 90.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NAU.

Nevgold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EMPR	67 Neutral	C$127.43M	26.67	17.02%	―	112.93%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PGLD	53 Neutral	C$177.26M	115.07	36.70%	―	―	-66.51%
VIPR	52 Neutral	C$171.41M	-9.79	-62.47%	―	―	-57.64%
NAU	51 Neutral	C$155.27M	-23.61	-20.26%	―	―	-38.35%
SCOT	49 Neutral	C$126.89M	-8.40	―	―	―	63.18%
ELR	43 Neutral	C$105.82M	-3.13	-28.77%	―	-19.44%	-2980.00%

Nevgold Corp Corporate Events

NevGold Targets Near-Term Antimony Output From Historic Leach Pads at Nevada’s Limousine Butte

NevGold has identified 2.4 million to 3.0 million tonnes of previously mined material in historical crushed and run-of-mine leach pads at its Limousine Butte project in Nevada, with consistent antimony grades averaging around 0.27–0.31% Sb and notable gold grades, including localized areas grading up to 0.81% Sb. Metallurgical work indicates antimony recoveries of up to 92% using on-site acid leaching, which could produce antimony metal without reliance on third-party smelters and with minimal impact on gold recovery, positioning the leach pads as a near-term production and cash flow opportunity while NevGold advances broader drilling, metallurgical studies, and a gold-antimony resource estimate across the project over the next 12–24 months.

The most recent analyst rating on (TSE:NAU) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Nevgold Corp stock, see the TSE:NAU Stock Forecast page.

NevGold Expands Antimony-Gold Footprint at Limousine Butte Project

NevGold Corp has expanded its Limousine Butte project in Nevada by staking an additional 90 claims, adding approximately 6 square kilometers of land with significant antimony-gold potential. The newly acquired area shares geological similarities with existing high-grade zones and features promising mineralization results, positioning the project as a key contributor to the growing demand for critical minerals and gold. The company continues extensive drilling and sampling programs to solidify its resource estimates and further unlock value for stakeholders.

NevGold Corp Expands High-Grade Antimony Discovery at Limousine Butte

NevGold Corp has announced significant high-grade antimony drill results at the newly discovered Bullet Zone within its Limousine Butte Project in Nevada. The discovery expands the gold-antimony mineralization footprint, and the company plans to advance the project to an initial Mineral Resource Estimate. This development positions NevGold strategically within the critical minerals market, given antimony’s importance in military applications. The company is also exploring the antimony-gold potential of historically mined leach pads at the site, which could further enhance its resource base.

NevGold Corp. Secures C$10 Million to Advance Key Projects

NevGold Corp. has successfully closed a C$10 million brokered private placement financing, enhancing its financial position to advance its asset portfolio, particularly the Limousine Butte gold-antimony project in Nevada, following a significant discovery. This financing reflects strong support from shareholders and positions NevGold to capitalize on government commitments to domestic critical mineral projects, while also progressing its projects in Idaho.

NevGold Corp. Announces C$10M Private Placement Financing

NevGold Corp. has announced a C$10 million brokered private placement financing agreement with Clarus Securities Inc. to advance its mineral projects in Nevada and Idaho. The funds will be used for the Limousine Butte gold-antimony project, Nutmeg Mountain gold project, Zeus copper project, and general corporate purposes, with the offering expected to close by November 27, 2025, pending necessary approvals.

NevGold Achieves Breakthrough in Antimony Recovery at Limousine Butte Project

NevGold Corp has announced successful Phase II metallurgical testwork results at its Limousine Butte Project in Nevada, achieving up to 85% recovery of antimony across various grades. This advancement is significant as it demonstrates the project’s strong geo-metallurgical characteristics and the potential for a combined gold-antimony mining operation. The use of acid leaching as a preferred process eliminates the need for third-party smelters, potentially enhancing operational efficiency. The ongoing drilling program and further exploration activities aim to advance the project towards a comprehensive gold-antimony Mineral Resource Estimate, which could strengthen NevGold’s position in the mining industry.

NevGold Achieves High Antimony Recovery at Limousine Butte Project

NevGold Corp has announced positive results from its Phase II metallurgical testwork at the Limousine Butte Project in Nevada, achieving up to 85% recovery of antimony without affecting gold recovery. This development is significant as it enhances the project’s potential by confirming the effectiveness of acid leaching for antimony extraction, which could lead to on-site production without relying on external smelters. The ongoing drill program and further exploration efforts aim to advance the project towards a comprehensive gold-antimony Mineral Resource Estimate, potentially boosting NevGold’s position in the mining industry.

NevGold Unveils High-Grade Antimony Discovery at Limousine Butte

NevGold Corp has announced the discovery of a high-grade oxide antimony zone, named the ‘Bullet Zone,’ at its Limousine Butte Project in Nevada. This discovery, resulting from a new geological model and step-out drilling, significantly expands the mineralization footprint at the Resurrection Ridge target area. The company is advancing towards an initial gold-antimony Mineral Resource Estimate and continues to support the United States’ critical minerals strategy with its focus on domestic, high-quality mineral projects.