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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 | 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 | 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$57.59M | -19.82 | -11.93% | ― | ― | 73.94% | |
48 Neutral | C$50.87M | -11.78 | ― | ― | ― | 8.06% | |
48 Neutral | C$56.08M | -6.82 | -198.13% | ― | ― | ― | |
45 Neutral | C$53.08M | -6.73 | -95.37% | ― | ― | 10.91% | |
42 Neutral | C$39.48M | -12.94 | ― | ― | ― | 42.57% |
Pan Global Resources Corporate Events
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.
Pan Global Resources Inc. has announced an extension of the closing date for its non-brokered private placement financing to December 21, 2025. The financing aims to raise up to $3,000,000 through the sale of 18,750,000 common shares. The extension allows the company more time to complete the second tranche of the offering, which is pending approval from the TSX Venture Exchange. This move is part of Pan Global’s strategy to secure funding for its exploration projects in Spain, which are positioned to capitalize on the strong market demand for copper and gold.
Pan Global Resources Inc. has announced promising results from its channel sampling at the Cañada Honda target within the Escacena Project in southern Spain. The sampling revealed a 26-meter interval grading 1.14 grams per tonne of gold, indicating a significant near-surface mineralization zone. This discovery, along with a 3-kilometer gravity and electromagnetic anomaly, suggests the potential for a large-scale copper-gold deposit. The company plans further exploration, including additional geochemical sampling and drilling, to expand the mineralization and test deeper extensions. These developments could enhance Pan Global’s positioning in the mining sector and offer substantial opportunities for stakeholders.
Pan Global Resources has identified a new high-priority volcanogenic massive sulphide (VMS) target in the recently awarded Escacena South area in southern Spain. This discovery is based on historical exploration data and preliminary field inspections, indicating strong potential for VMS-style mineralization along a 1-kilometer trend. The Escacena South project nearly doubles the surface area of the Escacena Project, enhancing exploration potential with multiple untested gravity anomalies. The Trinidad and Carmen area is prioritized for drilling, pending necessary permits, while ongoing drilling continues at the Bravo target in the Escacena Project and the Providencia target in the Cármenes Project.