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Pan Global Resources
(PGZ)
Pan Global Resources (PGZ) vs. iShares MSCI Canada ETF (EWC)
Pan Global Resources Business Overview & Revenue Model
Pan Global Resources Financial Statement Overview
| Breakdown | TTM | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | -7.00K | -9.88K | -17.64K |
| EBITDA | -5.70M | -6.01M | -828.00K | -10.15M | -9.05M | -4.53M |
| Net Income | -7.45M | -6.01M | -10.78M | -10.15M | -9.06M | -4.54M |
Balance Sheet | ||||||
| Total Assets | 6.42M | 9.09M | 7.90M | 12.25M | 18.92M | 6.16M |
| Cash, Cash Equivalents and Short-Term Investments | 3.02M | 5.84M | 4.74M | 8.86M | 15.50M | 3.90M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 7.00K | 18.33K |
| Total Liabilities | 871.00K | 284.00K | 529.00K | 1.24M | 780.20K | 502.79K |
| Stockholders Equity | 5.55M | 8.80M | 7.37M | 11.01M | 18.14M | 5.66M |
Cash Flow | ||||||
| Free Cash Flow | -6.60M | -5.79M | -10.02M | -9.26M | -7.81M | -2.82M |
| Operating Cash Flow | -6.60M | -5.79M | -9.93M | -9.34M | -6.95M | -2.78M |
| Investing Cash Flow | 5.00K | 17.00K | 2.05M | -1.82M | -794.38K | -265.22K |
| Financing Cash Flow | 2.24M | 6.88M | 5.75M | 2.52M | 19.34M | 5.82M |
Pan Global Resources Technical Analysis
Pan Global Resources Peers Comparison
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% | |
50 Neutral | C$55.55M | 131.54 | -11.93% | ― | ― | 73.94% | |
48 Neutral | C$44.37M | -12.73 | ― | ― | ― | 8.06% | |
48 Neutral | $55.85M | -3.96 | -198.13% | ― | ― | ― | |
45 Neutral | C$51.77M | -5.48 | -95.37% | ― | ― | 10.91% | |
42 Neutral | C$37.68M | -7.83 | ― | ― | ― | 42.57% |
Pan Global Resources Corporate Events
Pan Global Resources has launched its 2026 drill program at the 100%-owned Escacena Project in Spain, starting at the El Pozo target, a large, high-confidence volcanogenic massive sulphide prospect near its La Romana and Cañada Honda deposits. Initial work will comprise up to four drillholes testing beneath historical mine workings and coincident copper-zinc soil anomalies, along with strong induced polarization, electromagnetic and gravity responses.
The broader 2026 program is designed to expand the company’s copper resource base by drilling up to 15 untested targets and pursuing extensions at existing deposits across Escacena North and the newly awarded Escacena South area. Success at El Pozo and other targets could significantly increase the scale of Pan Global’s resource inventory and strengthen its positioning in Europe’s second-largest copper-producing region at a time of robust long-term copper and gold market fundamentals.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources has outlined a 10,000-metre multi-target drilling campaign for 2026 at its Escacena and Cármenes projects in Spain, aiming to test a large inventory of untested copper and gold targets. The program is intended to grow the copper resource base at Escacena, support a goal of defining more than 100 million tonnes of resources, and build on a new high-grade, near-surface gold discovery alongside copper-nickel-cobalt mineralization at Cármenes.
At Escacena, work will focus on drilling priority new targets in the north and south of the project, expanding resources at the La Romana and Cañada Honda discoveries, and using airborne geophysics to refine additional prospects. At Cármenes, Pan Global plans further drilling at the Providencia target and follow-up on more than 25 exploration prospects, potentially enhancing the district-scale appeal of its Spanish portfolio after a year of resource growth and successful first-pass discoveries in 2025.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources has filed an independent NI 43-101 technical report for initial mineral resource estimates at its Escacena Project in southern Spain, confirming high-confidence resources at the La Romana and Cañada Honda deposits and establishing a foundation for future technical and economic studies. The report outlines substantial measured and indicated resources at La Romana, inferred resources at both deposits that remain open along strike and at depth, and highlights ongoing exploration aimed at expanding the resource base and supporting long-term project development.
The Escacena Project’s expanded land position in the Iberian Pyrite Belt, adjacent to operating and redeveloped mines, strengthens Pan Global’s strategic footprint in a tier-one copper district and underscores the potential for further discoveries. This positions the company to capitalize on robust copper and gold market fundamentals, with the new resource estimates likely to enhance its attractiveness to investors and potential partners as it advances towards more advanced studies.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources reported further positive results from Phase 2 drilling and petrographic studies at the Providencia target on its Cármenes Project in northern Spain, confirming near-surface high-grade gold mineralization hosted in red hematitic hydrothermal breccias. Key intercepts from drillhole PVD10 include 1.2 g/t gold over 10 meters from 16 meters depth and 3.5 g/t gold over 8 meters from 77 meters, including 5.8 g/t over 4 meters, with free native gold identified in the breccia matrix, indicating potential for favorable metallurgy. The drilling also confirms that polymetallic mineralization (gold–copper–nickel–cobalt) extends beyond historical mine workings, multiple shallow gold zones remain open along strike and at depth, and more than two dozen untested gold and polymetallic targets have been identified across the Cármenes area; a Phase 3 drill program is planned to start in the first quarter of 2026 to further define the scale of the system and test additional targets.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources has granted 1,015,150 Restricted Share Units to three executive officers as short-term incentive compensation under its shareholder-approved Omnibus Equity Incentive Compensation Plan, at a deemed price of $0.165 per unit, with the awards vesting after one year. The move increases the total outstanding non-option equity awards to nearly 3 million units under a 5 million unit cap, underscoring the company’s use of equity-based incentives to retain and motivate senior leadership as it advances its copper and gold exploration projects in Spain’s highly prospective and strategically important mining districts.
The most recent analyst rating on (TSE:PGZ) stock is a Sell with a C$0.14 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources has closed a non-brokered private placement with a strategic investor, raising C$5.6 million through the issuance of 35 million common shares at C$0.16 each, with the stock subject to a hold period until mid-May 2026. The funding will support an expanded exploration and drilling campaign at the company’s Escacena and Cármenes projects in Spain, including the recently acquired Escacena South property, and is seen by management as validation of its Spanish exploration portfolio and operating team, potentially strengthening its ability to advance new copper, tin, silver and gold discoveries in 2026.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources has engaged ICP Securities Inc., a Toronto-based dealer specializing in automated market making, to provide liquidity services for its shares using ICP’s proprietary ICP Premium algorithm in line with TSX Venture Exchange rules. Under the four-month renewable agreement, Pan Global will pay ICP C$7,500 per month, with no performance-based compensation or equity incentives, and ICP will act at arm’s length, using its own capital to correct temporary imbalances in supply and demand in the company’s stock, a move aimed at improving trading liquidity and quote stability for investors.
The most recent analyst rating on (TSE:PGZ) stock is a Sell with a C$0.13 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources will host an investor webinar on January 12, 2026 to discuss its maiden copper and gold Mineral Resource Estimates for the La Romana and Cañada Honda deposits at the Escacena Project in southern Spain, with senior management outlining how these new resources enhance project value as the company advances multi-target exploration across its enlarged 10,000-hectare land package. The Escacena Project currently hosts the La Romana copper-tin-silver deposit with substantial measured, indicated and inferred resources, as well as the Cañada Honda copper-gold discovery with inferred resources, underscoring Escacena’s growing scale and potential in one of Europe’s premier mining jurisdictions near operating and redeveloping mines in the Iberian Pyrite Belt.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources will host an investor webinar on January 12, 2026 to discuss its maiden copper and gold mineral resource estimates for the La Romana and Cañada Honda deposits at the Escacena Project in southern Spain. The event, led by senior management, will outline how these initial resource figures, which include significant copper, tin, silver and gold inventories, enhance the overall value of the now more than 10,000-hectare Escacena land package and support ongoing multi-target exploration in the Iberian Pyrite Belt, with implications for the company’s growth trajectory in a strategic European mining jurisdiction.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources has reported maiden mineral resource estimates for the La Romana and Cañada Honda deposits at its Escacena Project in southern Spain, marking a key step toward potential future technical and economic studies. La Romana now hosts 32.4 million tonnes of measured and indicated resources grading 0.37% copper, 270 ppm tin and 1.68 g/t silver, plus 4.0 million tonnes inferred, with a large portion constrained within a conceptual open-pit shell and benefitting from advanced metallurgical test work that indicates potential for producing high-grade copper concentrates with low penalty elements. At Cañada Honda, the company outlined an inferred resource of 5.0 million tonnes grading 0.65 g/t gold, 0.14% copper and 1.17 g/t silver, with both deposits remaining open along strike and at depth and additional unclassified mineralization indicating scope for further resource growth. The initial estimates strengthen Pan Global’s technical foundation at Escacena, highlight the emergence of a second, gold-dominant system alongside La Romana, and position the project for continued exploration and future project evaluation in a mature mining jurisdiction.
The most recent analyst rating on (TSE:PGZ) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Pan Global Resources stock, see the TSE:PGZ Stock Forecast page.
Pan Global Resources has reported positive step-out drilling results from six holes at the La Romana copper-tin-silver deposit in its Escacena Project in southern Spain, with intercepts including 6 meters grading 1.26% copper and 5 meters grading 1.01% copper with significant tin and silver. The new holes extend higher-grade mineralization by about 50 meters down-dip and indicate the system plunges a further 125 meters to the northwest, while also confirming additional near-surface copper in the hanging wall and footwall, supporting the potential for a larger conceptual open pit. These results will feed into the company’s maiden mineral resource estimate for Escacena, which is currently in progress and expected to clarify the scale and quality of the deposit as Pan Global continues step-out drilling in 2026 to further extend the 1.7-kilometer mineralized trend.
Pan Global Resources Inc. has successfully closed the final tranche of its non-brokered private placement, raising a total of $2,784,760 through the issuance of 17,404,750 common shares at $0.16 per share. This capital infusion is expected to bolster the company’s exploration efforts in Spain, enhancing its position in the copper and gold mining industry, and potentially benefiting stakeholders through increased project development and operational capacity.