Omai Gold Mines (OMG) AI Stock Analysis

• Market Cap: C$935.39M
• Dividend Yield: N/A
• Average Volume (3M): 1.92M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: N/A
• EPS Growth: -111.48%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 649,577,000
• 10 Day Avg. Volume: 1,853,783
• 30 Day Avg. Volume: 1,919,467
• PEG Ratio: -0.34
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 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$2.30
• Price Target Upside: 59.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$1.50 ▲(4.17% Upside)

The score is primarily held back by very weak fundamentals—no revenue, widening losses, and accelerating cash burn—despite a debt-free balance sheet. Technicals are modestly supportive with price above key long-term averages and a positive MACD, while corporate events provide constructive project/financing momentum. Valuation contributes little support due to negative earnings and no dividend yield.

Positive Factors

Strong Equity Position

A strong equity position with no debt provides financial stability, allowing the company to focus on exploration and development without the burden of interest payments.

Leadership Changes

Strategic leadership changes can enhance decision-making and focus on expanding gold resources, potentially improving operational efficiency and shareholder value.

Private Placement Expansion

The expansion of the private placement to $22 million indicates strong investor confidence and provides crucial funds for exploration and development activities.

Negative Factors

Lack of Revenue

The absence of revenue generation poses significant challenges to profitability and sustainability, as the company relies heavily on external funding.

Negative Cash Flows

Persistent negative cash flows highlight operational inefficiencies and the need for continuous external financing, which can limit long-term growth potential.

Operational Inefficiencies

Ongoing operational losses reflect inefficiencies that need addressing to achieve profitability and improve financial performance over the long term.

Omai Gold Mines Business Overview & Revenue Model

Company Description

Omai Gold Mines Corp. explores for and develops base and precious metals. It holds a 100% interest in the Omai prospecting license that covers an area of 4,590 acres, including the past-producing Omai Gold mine located in the Potaro mining district of Guyana, as well as adjoining eastern flats mining permits. The company is based in Toronto, Canada.

How the Company Makes Money

Omai Gold Mines generates revenue primarily through the exploration and development of gold mining projects. The company aims to discover and extract gold resources, which are then processed and sold in the commodities market. Revenue streams include the sale of gold extracted from their mining operations and potentially through partnerships or joint ventures with other mining companies to share exploration and development costs. External factors such as gold market prices, operational efficiency, and successful discovery of gold reserves significantly impact the company's earnings.

Omai Gold Mines Financial Statement Overview

Summary

Omai Gold Mines shows financial stability due to strong equity and no debt, yet operational inefficiencies and lack of revenue are major concerns. The company's reliance on external capital to offset negative cash flows poses a sustainability risk.

Income Statement

The company reported no revenue over the analyzed periods, indicating a lack of sales activity. Consistently negative EBIT and net income emphasize ongoing operational losses. Without revenue growth, the company faces significant profitability challenges.

Balance Sheet

The company maintains a strong equity position with no debt, indicating financial stability. However, the absence of revenue generation is a concern. The equity ratio is healthy, reflecting the company's reliance on equity financing.

Cash Flow

Negative operating and free cash flows over multiple periods indicate cash flow struggles, despite positive financing cash flows suggesting reliance on external funding. The lack of revenue aggravates these cash flow issues.

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	-82.44K	0.00	0.00	-43.64K	-38.31K	-1.50K
EBITDA	-11.33M	-5.28M	-3.37M	-4.15M	-6.88M	-5.96M
Net Income	-11.29M	-5.77M	-3.41M	-4.88M	-7.25M	-7.63M
Balance Sheet
Total Assets	27.45M	7.32M	4.28M	6.71M	7.80M	7.74M
Cash, Cash Equivalents and Short-Term Investments	18.61M	6.52M	476.37K	2.98M	3.57M	3.61M
Total Debt	0.00	0.00	0.00	0.00	295.00K	525.65K
Total Liabilities	2.85M	1.64M	883.60K	788.59K	2.36M	3.33M
Stockholders Equity	17.68M	5.69M	3.39M	5.92M	5.45M	4.41M
Cash Flow
Free Cash Flow	-10.33M	-4.61M	-2.52M	-5.12M	-7.28M	-6.95M
Operating Cash Flow	-10.21M	-4.52M	-2.34M	-4.12M	-6.15M	-4.93M
Investing Cash Flow	-125.29K	-93.03K	-188.11K	-1.00M	-1.13M	-1.98M
Financing Cash Flow	19.08M	10.51M	89.00	4.60M	7.26M	10.51M

Omai Gold Mines Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.44
• 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:OMG, the sentiment is Positive. The current price of 1.44 is above the 20-day moving average (MA) of 1.42, above the 50-day MA of 1.30, and above the 200-day MA of 0.87, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 58.19 is Neutral, neither overbought nor oversold. The STOCH value of 56.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OMG.

Omai Gold Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THX	81 Outperform	C$879.88M	3.85	68.37%	2.78%	92.67%	207.16%
MKO	76 Outperform	C$740.45M	19.93	29.30%	―	45.36%	-14.35%
PRB	65 Neutral	C$746.64M	-29.64	-81.62%	―	―	18.96%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GAU	59 Neutral	C$958.63M	-14.98	-20.37%	―	114.30%	-2606.59%
AMRQ	50 Neutral	C$1.07B	-44.40	-10.64%	―	―	54.00%
OMG	48 Neutral	C$935.39M	-55.81	-76.61%	―	―	-111.48%

Omai Gold Mines Corporate Events

Omai Gold Boosts Resources and Cash as Omai Project Advances Toward 2026 PEA

Omai Gold Mines reported major progress in 2025 at its Omai Gold Project in Guyana, driven by approximately 39,000 metres of diamond drilling that expanded its mineral resource estimate by more than 50% to 4.4 million ounces of inferred and 2.1 million ounces of indicated gold. The company delivered multiple high-grade drill intercepts at the Wenot deposit, confirmed its expansion potential along strike and at depth, and demonstrated large-scale, continuous mineralization at the Gilt Creek deposit, while bolstering its balance sheet with C$57 million in year-end cash from two private placements and advancing key permitting and community consultation milestones. Looking ahead, Omai plans an updated mineral resource estimate in early 2026 and a preliminary economic assessment in early Q2 2026 that will incorporate an expanded mine plan covering both Wenot and Gilt Creek, with further work towards pre-feasibility or feasibility studies aimed at de-risking the project and solidifying its status as a top-tier gold development opportunity in Guyana, with potential implications for continued value creation for shareholders and other stakeholders.

The most recent analyst rating on (TSE:OMG) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Omai Gold Mines stock, see the TSE:OMG Stock Forecast page.

Omai Gold Mines Awards 10.7 Million Stock Options as Guyana Gold Project Expands

Omai Gold Mines has granted incentive stock options to officers, directors, employees and consultants to purchase up to 10,720,000 common shares, with a five-year term at an exercise price of $1.44 and staggered vesting over two years, aligning management and staff with shareholder interests as the company advances its flagship Omai Gold Project in Guyana. The option grants come as Omai continues to grow its mineral resource inventory at the Wenot and Gilt Creek deposits, optimize economic studies and pursue additional drilling, reinforcing its strategic push to establish the Omai camp as a leading gold district in the Guiana Shield and potentially enhancing long-term value for investors and other stakeholders.

The most recent analyst rating on (TSE:OMG) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Omai Gold Mines stock, see the TSE:OMG Stock Forecast page.

Omai Gold Mines Reports Promising Drilling Results at Omai Project

Omai Gold Mines Corp. announced promising results from recent drilling at their Omai Gold Project in Guyana, revealing significant gold mineralization in two exploration targets. The company is advancing its exploration efforts with five rigs drilling at the Wenot deposit, aiming to expand the known gold resources and potentially extend the mine’s life. These developments could positively impact early cash flow and overall project value, with infrastructure improvements in the region further enhancing the project’s prospects.

The most recent analyst rating on (TSE:OMG) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on Omai Gold Mines stock, see the TSE:OMG Stock Forecast page.

Omai Gold Mines Secures C$40 Million for Expansion

Omai Gold Mines Corp. has successfully closed a C$40 million bought deal private placement, issuing 34,783,000 common shares at $1.15 each. The funds will be used for exploration, development, and general working capital, supporting the company’s strategic growth in the gold mining sector. This financial move positions Omai to further develop its resources and potentially increase its market influence, with implications for stakeholders as the company continues to expand its operations in Guyana.

The most recent analyst rating on (TSE:OMG) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on Omai Gold Mines stock, see the TSE:OMG Stock Forecast page.