Panoro Minerals (PML) AI Stock Analysis

• Market Cap: C$124.16M
• Dividend Yield: N/A
• Average Volume (3M): 58.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: N/A
• EPS Growth: -45.61%
• Country: CA
• Employees: 27
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 272,870,540
• 10 Day Avg. Volume: 33,515
• 30 Day Avg. Volume: 58,846
• PEG Ratio: 0.87
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.74K
• 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: 46 Neutral
• Price Target: C$0.45 ▲(17.37% Upside)

The score is held down primarily by persistent losses and negative operating/free cash flow in a pre-revenue profile. A low-leverage balance sheet and recent completed financings provide some support, but technicals remain weak with the stock below key longer-term moving averages and valuation offers limited support due to negative earnings.

Positive Factors

Low leverage balance sheet

A lightly levered balance sheet reduces refinancing and bankruptcy risk, giving management flexibility to pursue capital-intensive exploration and staged development. This structural strength supports partnership and JV options, improving odds of advancing projects without excessive fixed‑cost burdens.

Completed financings boost near-term liquidity

Fresh financing provides runway to fund drilling, engineering and an updated economic assessment, allowing the company to progress resource definition and technical studies. Durable project advancement increases potential for partner interest or value-accretive transaction over coming months.

Copper-focused project strategy

A clear focus on copper aligns the asset portfolio with long-term structural demand from electrification and decarbonization. Concentrated exposure can attract strategic partners and specialized capital, improving the likelihood of project financing or farm-out deals if resource results support scale.

Negative Factors

Persistent negative operating cash flow

Consistent operating cash burn forces reliance on external funding to sustain exploration and development. Over time this increases financing risk, compresses optionality to advance projects, and raises the probability of dilutive capital raises that dilute existing shareholders and limit long-term returns.

Pre-revenue profile with recurring losses

With no operating revenue base, margins cannot improve through scale and profitability depends entirely on successful commercialization or third‑party transactions. This structural uncertainty lengthens payback timelines and makes investment outcomes binary and highly execution-dependent.

Equity erosion and dilution risk

Ongoing losses have eroded equity, and the company has used dilutive financings to fund operations. Over months this reduces per‑share ownership for holders and can undermine returns unless exploration results or deal outcomes materially improve the company’s asset value or cash generation prospects.

Panoro Minerals Business Overview & Revenue Model

Company Description

Panoro Minerals Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. The company explores for copper, molybdenum, lead, gold, silver, and zinc deposits. Its flagship project is the Cotabambas project located in the District of Cotabambas. The company was formerly known as Panoro Resources Ltd. and changed its name to Panoro Minerals Ltd. in June 2003. Panoro Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Panoro Minerals generates revenue through the development and potential sale or joint venture of its mineral properties. The company engages in extensive exploration activities to enhance the value of its projects, aiming to attract larger mining companies or investors interested in acquiring or partnering to develop these resources. Key revenue streams include proceeds from the sale of mineral properties, joint venture agreements, and potential future royalties from production. Additionally, Panoro may benefit from equity financings or strategic partnerships that provide capital for its exploration and development activities. The company's success hinges on its ability to effectively demonstrate the value of its projects through exploration results and feasibility studies, positioning itself as an attractive partner or acquisition target within the mining industry.

Panoro Minerals Financial Statement Overview

Summary

Panoro Minerals faces significant financial challenges, marked by a lack of revenue, persistent losses, and negative cash flows. Although the company maintains a reasonable debt level, its declining equity and asset base, combined with operational inefficiencies, suggest a precarious financial situation.

Income Statement

Panoro Minerals has consistently reported zero revenue over the evaluated periods, indicating a lack of operational income generation. The company's gross profit has been negative, highlighting cost inefficiencies or lack of revenue. Persistently negative EBIT and EBITDA margins suggest ongoing operational losses, while the net profit margin remains negative due to substantial net losses, reflecting severe profitability challenges.

Balance Sheet

The company's balance sheet shows some stability with a moderate debt-to-equity ratio, indicating manageable leverage levels. However, the decline in stockholders' equity and total assets over time suggests potential erosion of financial strength. The equity ratio remains relatively healthy, indicating a solid proportion of equity financing, but the overall financial position is weakened by declining equity and assets.

Cash Flow

Panoro Minerals' cash flow statements reveal negative free cash flow, indicating that the company is not generating sufficient cash to cover its capital expenditures. Although there is a positive operating cash flow to net income ratio in the TTM, the inconsistency and negative free cash flow to net income ratio highlight cash management challenges and the need for external financing to sustain operations.

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	-76.99K	-130.87K	-357.00K	-42.36K	-31.22K	-51.75K
EBITDA	-1.37M	-2.31M	-2.67M	-417.62K	-8.61M	-161.00K
Net Income	-1.55M	-1.65M	-2.77M	-610.00K	-8.23M	-1.08M
Balance Sheet
Total Assets	53.54M	75.80M	70.84M	74.07M	71.15M	77.89M
Cash, Cash Equivalents and Short-Term Investments	101.53K	997.63K	256.64K	7.52M	10.50M	753.39K
Total Debt	1.50M	163.43K	153.00K	279.68K	278.69K	17.95K
Total Liabilities	17.28M	22.26M	15.31M	20.01M	16.51M	15.04M
Stockholders Equity	36.26M	53.54M	50.89M	54.07M	54.64M	62.85M
Cash Flow
Free Cash Flow	-3.11M	-5.01K	-2.24M	-1.91M	-1.30M	-1.12M
Operating Cash Flow	-3.11M	-2.00M	-2.22M	-1.85M	-1.28M	-1.11M
Investing Cash Flow	1.74M	2.68M	-4.00M	-2.84M	9.39M	-506.73K
Financing Cash Flow	1.47M	-71.39K	928.94K	1.88M	1.85M	1.98M

Panoro Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PML, the sentiment is Positive. The current price of 0.38 is below the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.37, and below the 200-day MA of 0.44, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 62.55 is Neutral, neither overbought nor oversold. The STOCH value of 79.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PML.

Panoro Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMX	61 Neutral	C$138.61M	25.52	15.11%	―	-73.34%	16.21%
AZM	53 Neutral	C$82.52M	-34.22	-4.67%	―	―	-5360.00%
OCO	53 Neutral	C$137.18M	-41.09	-3.75%	―	―	29.51%
DEFN	52 Neutral	C$111.78M	-15.26	-11.39%	―	―	-42.86%
PML	46 Neutral	C$124.16M	-56.63	-4.35%	―	―	-45.61%

Panoro Minerals Corporate Events

Panoro Minerals Raises C$3.44 Million to Advance Cotabambas Project

Panoro Minerals has closed the second and final tranche of its brokered private placement under the listed issuer financing exemption, raising C$520,000 from the sale of 1.3 million units at C$0.40 each, bringing total gross proceeds from the offering to C$3,438,200. Each unit comprises one common share and one warrant exercisable at C$0.60 until November 2028, with the funds earmarked for infill drilling, metallurgical testing, pre-feasibility engineering and an updated preliminary economic assessment at the Cotabambas copper-gold-silver project, as well as working capital, reinforcing the company’s efforts to technically de-risk and advance the Peruvian asset while it seeks strategic options to move the project toward development.

Panoro Minerals Updates Brokered Financing to Advance Cotabambas Project

Panoro Minerals Ltd. has updated the terms of its previously announced brokered private placement, filing a new offering document for the sale of up to 1.3 million units at C$0.40 per unit, for additional gross proceeds of up to C$520,000, with Red Cloud Securities acting as lead agent and sole bookrunner. Together with a previously closed first tranche that raised C$2.92 million and an agents’ option for up to a further 260,000 units, the offering is expected to fund infill drilling, metallurgical testing, pre-feasibility engineering and an updated preliminary economic assessment at the company’s Cotabambas Copper-Gold-Silver project, as well as working capital and general corporate purposes, potentially advancing the project’s development profile and Panoro’s positioning in the copper-gold-silver exploration space.

Panoro Minerals Updates Brokered Financing to Advance Cotabambas Project

Panoro Minerals has updated its previously announced brokered private placement under the listed issuer financing exemption, filing a new December offering document to sell up to 1.3 million units at C$0.40 per unit for gross proceeds of up to C$520,000, with an agent’s option for an additional 260,000 units. Together with an earlier first tranche that raised C$2.9 million, the financing—led by Red Cloud Securities—supports Panoro’s plans to fund infill drilling, metallurgical testing, pre-feasibility engineering and an updated preliminary economic assessment for its Cotabambas project, potentially advancing the asset’s development and strengthening the company’s position in the copper-gold-silver exploration space while providing immediately freely tradeable securities to Canadian investors under the exemption regime.

Panoro Minerals Closes First Tranche of Private Placement for C$2.9 Million

Panoro Minerals Ltd. has successfully closed the first tranche of its private placement, raising C$2.9 million. The proceeds will be used for infill drilling, metallurgical testing, and pre-feasibility engineering at the Cotabambas Project, enhancing its economic assessment and supporting corporate operations. This financial move positions Panoro to advance its project development and engage in strategic discussions for future construction and operation.

Panoro Minerals Announces C$5 Million Private Placement for Project Development

Panoro Minerals Ltd. has announced a brokered private placement offering to raise up to C$5 million through the sale of 12.5 million units at C$0.40 per unit, with Red Cloud Securities Inc. acting as the lead agent. The proceeds will be used for infill drilling, metallurgical testing, and pre-feasibility engineering at the Cotabambas Project, as well as for general corporate purposes. The offering is expected to close on November 18, 2025, pending regulatory approvals, and aims to enhance the company’s project development and market positioning.