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Nevada King Gold Corp (TSE:NKG)
:NKG

Nevada King Gold Corp (NKG) AI Stock Analysis

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TSE:NKG

Nevada King Gold Corp

(NKG)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
C$0.21
▲(5.00% Upside)
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn, and shrinking equity/asset base), despite being debt-free. Technicals are constructive but look overextended (overbought). Positive corporate events around resource expansion and a fully funded exploration program provide a meaningful offset, while valuation is constrained by lack of profitability and no dividend support.

Nevada King Gold Corp (NKG) vs. iShares MSCI Canada ETF (EWC)

Nevada King Gold Corp Business Overview & Revenue Model

Company DescriptionNevada King Gold Corp engages in the acquisition, exploration, and evaluation of resource properties in Nevada. The company explores for gold, silver, iron ore, vanadium, and other base metals. It owns a 100% interest in the Atlanta gold mine, which include 12 patented and 639 unpatented mineral lode claims covering an area of 5166 hectares located in Lincoln County, Nevada; and Iron Point vanadium project consisting of 730 unpatented lode claims and 4 patented mining claims covering an area of approximately 5,197 hectares located in Humboldt County, Nevada. In addition, the company holds interest in the Carico Lake Cedars gold project, Crescent Valley project, Evana Vanadium project, Golconda gold project, Horse Mountain Mill creek project, Hilltop South project, Kobeh Valley project, Nevada Fluorspar project, Buffalo Valley gold project, and Lewis project. The company was formerly known as Victory Metals Inc. and changed its name to Nevada King Gold Corp in April 2021. Nevada King Gold Corp is based in Vancouver, Canada.
How the Company Makes MoneyNevada King Gold Corp generates revenue primarily through the exploration and development of its mineral properties. The company makes money by discovering and proving up gold resources, which it can then sell or develop into operational mines. This can involve joint ventures or partnerships with other mining companies to share the costs and profits of developing these resources. Additionally, NKG may engage in strategic transactions such as selling or leasing its properties to other mining companies. Revenue is also generated from potential future production of gold once its properties are fully developed and operational.

Nevada King Gold Corp Financial Statement Overview

Summary
Nevada King Gold Corp is in the exploration phase with zero revenue and consistent operational losses. The absence of debt is a positive aspect, showcasing financial prudence. However, the heavy reliance on external financing for cash flow sustainability could pose future risks if capital markets become less favorable for raising funds. Investors should be aware of the speculative nature and inherent risks associated with investing in exploration-stage mining companies.
Income Statement
12
Very Negative
Nevada King Gold Corp operates with zero revenue over the analyzed periods, which is typical for many exploration-stage mining companies. The lack of revenue leads to negative profitability metrics with consistent net losses, indicating a pre-revenue state focused on exploration and development activities.
Balance Sheet
48
Neutral
The company's balance sheet is strong with no debt, indicating prudent financial management and low leverage. It has a solid equity base, with stockholders' equity representing a significant portion of total assets, indicative of a healthy financial structure despite ongoing operational losses.
Cash Flow
18
Very Negative
Cash flow from operations is negative, reflecting high exploration and development expenditures typical of the mining industry. However, the company has managed to sustain operations through financing activities, which may pose sustainability risks if such funding sources diminish.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-60.59K-14.90K-60.66K-37.14K-21.51K0.00
EBITDA-14.51M-13.87M-26.92M7.45M-6.92M-1.93M
Net Income-15.82M-15.00M-27.01M-53.59M-6.89M-1.96M
Balance Sheet
Total Assets26.39M17.91M36.21M37.66M70.65M21.55M
Cash, Cash Equivalents and Short-Term Investments11.78M3.29M5.45M7.93M13.15M987.70K
Total Debt0.000.000.000.000.000.00
Total Liabilities736.11K634.39K755.27K1.28M255.57K156.43K
Stockholders Equity25.66M17.27M35.45M36.39M70.40M21.39M
Cash Flow
Free Cash Flow-12.22M-11.98M-26.97M-17.60M-6.99M-2.49M
Operating Cash Flow-12.22M-11.98M-26.97M-17.20M-6.83M-1.91M
Investing Cash Flow-592.68K-633.73K-1.31M-3.70M15.79M-18.99M
Financing Cash Flow21.90M10.45M25.80M15.67M3.20M20.22M

Nevada King Gold Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.20
Price Trends
50DMA
0.17
Positive
100DMA
0.16
Positive
200DMA
0.18
Positive
Market Momentum
MACD
0.01
Positive
RSI
57.22
Neutral
STOCH
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NKG, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.17, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 57.22 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NKG.

Nevada King Gold Corp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
C$99.56M-2.33-294.20%-97.52%
50
Neutral
C$86.94M-5.59-74.18%42.92%
49
Neutral
C$74.10M-112.22-14.39%
45
Neutral
C$71.35M-70.3023.78%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:NKG
Nevada King Gold Corp
0.21
-0.11
-33.87%
TSE:LEO
Lion Copper and Gold
0.21
0.14
215.38%
TSE:RUA
Rua Gold
1.21
0.61
101.67%
TSE:TOC
Tocvan Ventures Corp.
1.16
0.64
123.08%
TSE:SLG
San Lorenzo Gold Corp
1.01
0.91
910.00%

Nevada King Gold Corp Corporate Events

Business Operations and Strategy
Nevada King Boosts Atlanta Gold Resources and Sets Fully Funded 2026 Exploration Plan
Positive
Dec 29, 2025

Nevada King Gold Corp. reported a transformative 2025 at its Atlanta Gold Mine Project, highlighted by a 122% increase in measured and indicated resources to more than 1 million ounces of oxide gold at notably high open-pit grades, along with metallurgical work that supports a simplified, lower-cost processing flowsheet using run-of-mine heap leaching and two-stage crushing. The company’s 30,000-metre Phase 3 drilling program delivered multiple new oxide gold targets beyond the main resource zone, with Silver Park East emerging as the most advanced discovery, while additional progress at Atlanta South, Atlanta North, and the Western Rim target has created a pipeline of regional opportunities; combined with a strengthened leadership team and a fully funded 20,000-metre Phase 4 program for 2026, Nevada King is positioning itself for continued resource growth and de-risking at Atlanta, with potential implications for its standing among North American oxide gold developers.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Nevada King Gold Corp Launches Phase 4 Exploration at Atlanta Gold Mine
Positive
Dec 11, 2025

Nevada King Gold Corp has announced the initiation of its fully-funded Phase 4 exploration program at the Atlanta Gold Mine Project, following the successful completion of Phase 3. This phase involves 20,000 meters of drilling to advance multiple regional targets, particularly focusing on Silver Park East, and aims to expand the potential resource base. The program is designed to enhance the company’s exploration efforts by identifying new oxide zones and advancing promising targets, thereby strengthening its position in the gold mining sector.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Business Operations and StrategyM&A Transactions
Nevada King Gold Corp Expands with Silver Park Acquisition
Positive
Dec 3, 2025

Nevada King Gold Corp has completed the purchase of the Silver Park patented mining claims, enhancing its exploration and development potential near the Atlanta Resource Zone. This acquisition is part of their Phase III regional exploration program, which has identified significant gold and silver mineralization. The company has also engaged Atrium Research Corporation to provide research reports and interviews, aiming to enhance investor understanding and visibility of its operations.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Business Operations and Strategy
Nevada King Gold Corp. Partners with Marketing Firm to Boost Investor Relations
Neutral
Nov 15, 2025

Nevada King Gold Corp. has engaged Outside The Box Capital Inc., a Toronto-based marketing services firm, to enhance its marketing and investor relations efforts. This engagement, costing $150,000 over six months, aims to boost investor awareness and improve the company’s social media presence, potentially impacting its market visibility and stakeholder engagement.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.80 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Business Operations and Strategy
Nevada King Gold Corp Expands Mineralization at Silver Park East
Positive
Nov 10, 2025

Nevada King Gold Corp announced significant results from its Phase III drill program at the Silver Park East target, part of its Atlanta Gold Mine Project. The drill results revealed gold and silver mineralization over a 450m by 300m area, with potential for further expansion. This discovery suggests Silver Park East could become a new satellite oxide gold and silver zone, enhancing the company’s resource base and strategic positioning in the region. The continuity and scale of mineralization, along with the shared geochemical signatures with the Atlanta Resource Zone, indicate a promising mineralizing system, potentially impacting future exploration and development plans.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.50 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Nevada King Gold Corp. Appoints New VP of Exploration to Boost Growth
Positive
Nov 3, 2025

Nevada King Gold Corp. has appointed Justin Daley as Vice President Exploration, bringing his extensive experience in mineral exploration and innovative technologies to the company. This strategic appointment aligns with Nevada King’s vision for growth, particularly at the Atlanta Gold Mine Project, where Daley’s expertise in AI and advanced analytics is expected to enhance exploration efficiency and precision. Additionally, the company has granted stock options to directors and officers, further aligning leadership incentives with company performance.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.50 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Business Operations and Strategy
Nevada King Gold Corp. Begins Drilling at Promising Western Rim Target
Positive
Oct 21, 2025

Nevada King Gold Corp. has commenced drilling at the Western Rim Target, a newly identified multi-kilometer vein corridor within its Atlanta Gold Mine Project. This area, characterized by a strong hydrothermal system with significant gold mineralization, presents a promising opportunity to expand the known gold potential in the Atlanta district. The ongoing Phase III drilling aims to explore Au-Ag mineralization, with the Western Rim showing potential as one of the most prospective targets on the property, indicating a large, potentially significant gold system.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.50 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Business Operations and StrategyDelistings and Listing Changes
Nevada King Gold Corp. Advances to Tier 1 Status on TSX Venture Exchange
Positive
Oct 15, 2025

Nevada King Gold Corp. has announced its graduation to Tier 1 issuer status on the TSX Venture Exchange, effective October 20, 2025. This upgrade reflects the company’s strong financial position and enhances its visibility within the investment community. The move is expected to support the company’s ongoing efforts to advance its Atlanta Gold Mine project and expand its resource base, signaling continued growth and a commitment to delivering long-term value for shareholders.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.50 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

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.Date of analysis: Dec 30, 2025