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Scottie Resources Corp (TSE:SCOT)
:SCOT

Scottie Resources Corp (SCOT) AI Stock Analysis

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TSE:SCOT

Scottie Resources Corp

(SCOT)

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Neutral 52 (OpenAI - 5.2)
Rating:52Neutral
Price Target:
C$2.00
▲(27.39% Upside)
The score is held back primarily by weak financial performance (no revenue, recurring losses, and persistent negative free cash flow despite a debt-free balance sheet). Technicals are a meaningful positive with a strong uptrend and positive MACD, but elevated momentum readings temper the technical score. Valuation contributes modestly due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Debt-free balance sheet
Maintaining zero total debt materially lowers financial distress risk for an exploration firm reliant on episodic financing. This durable strength gives management flexibility to pursue joint ventures, staged drilling, or property optioning without fixed interest burdens, improving survival odds through commodity cycles.
Focused Golden Triangle asset base
A concentrated portfolio in the prolific Golden Triangle provides structural exploration upside and strategic appeal to majors looking to bolt-on district-scale targets. Persistent geological potential and regional activity increase likelihood of partner interest, optioning, or asset monetization over the medium term.
Improving free cash flow trend
Turnaround in free cash flow growth, even from negative levels, reflects improving capital efficiency and program discipline. If sustained, this trend reduces the cadence and size of future external financings, bolstering project continuity and preserving equity value during multi-year exploration campaigns.
Negative Factors
No revenue and recurring operating losses
Absence of operating revenue means value depends entirely on successful discovery or asset sales. Recurring losses erode equity and obscure visibility into sustainable operations, making long-term viability contingent on high-risk exploration outcomes or frequent external capital raises to bridge funding gaps.
Persistent negative operating cash flow
Consistent annual cash burn requires recurring financing through equity, option deals, or JV funding, which dilutes shareholders or cedes upside. This structural cash generation weakness constrains the firm’s ability to scale programs independently and raises execution risk for multi-year target development.
Fluctuating equity and negative returns on equity
Volatile equity levels and persistently negative ROE signal historical value erosion from operations and financing. This undermines investor confidence, complicates future capital raises, and indicates the company has yet to demonstrate projects that generate positive shareholder returns, a structural governance and strategy concern.

Scottie Resources Corp (SCOT) vs. iShares MSCI Canada ETF (EWC)

Scottie Resources Corp Business Overview & Revenue Model

Company DescriptionScottie Resources Corp., an exploration stage company, acquires, explores, and evaluates mineral properties in British Columbia, Canada. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Scottie property that includes 14 crown granted claims and 2 modified grid system (MGS) claims covering an area of 107 hectares of MGS claims and 213 hectares of crown granted claims; the Ruby Silver property that covers an area of 4,300 hectares; the Black Hills property covering an area of 1,252 hectares; and the Stock property that covers an area of 2,506.11 hectares. The company also holds interests in the American Creek properties covering an area of 2,560 hectares; the Independence property that covers an area of 2,197 hectares; and the Lower Bear properties covering an area of 4,144 hectares. In addition, it holds interests in the Silver Crown project that covers an area of 450 hectares; the Georgia project covering an area of 7,936 hectares; the Bear Pass project that covers an area of 6,000 hectares; and the Tide North project covering an area of 2,260 hectares. Further, the company has an option to acquire 100% interests in the Bow property that covers an area of 471.92 hectares; the Summit Lake property covering an area of 1,583 hectares mineral claims; and the Bitter Creek property, which consists of 42 mineral claims covering an area of 4,832 hectares. The company was formerly known as Rotation Minerals Ltd. and changed its name to Scottie Resources Corp. in January 2019. Scottie Resources Corp. was incorporated in 2009 and is based in Vancouver, Canada.
How the Company Makes MoneyScottie Resources Corp primarily makes money through the exploration and potential development of its mineral properties. The company generates revenue by discovering and defining mineral resources, which can then be sold, developed into operating mines, or partnered with larger mining companies. Scottie Resources may also earn income through joint ventures, option agreements, and royalty agreements with other mining entities interested in its projects. The company's financial success heavily depends on the discovery of economically viable mineral deposits, market conditions for gold and silver, and effective management of exploration costs.

Scottie Resources Corp Financial Statement Overview

Summary
Fundamentals remain weak: no revenue across 2020–2025, recurring operating losses with volatile net income (near breakeven in 2024 then a large loss in 2025), and consistently negative operating cash flow/free cash flow. The main offset is a low-risk capital structure with zero debt, but ongoing losses and cash burn imply continued reliance on external funding.
Income Statement
9
Very Negative
The company reports no revenue across all provided annual periods (2020–2025), while consistently generating operating losses. Losses have been highly volatile—net income improved sharply in 2024 (near breakeven) but then deteriorated materially in 2025 (large net loss), indicating an unstable earnings profile. With no top-line base and recurring losses, profitability quality and visibility remain weak.
Balance Sheet
62
Positive
The balance sheet is conservatively financed with zero total debt in every period, which meaningfully reduces financial risk. However, equity has fluctuated notably over time (higher in 2021–2022, lower in 2023–2025), and returns on equity are consistently negative, reflecting ongoing value erosion from losses despite the low leverage.
Cash Flow
33
Negative
Cash generation is a key pressure point: operating cash flow and free cash flow are negative every year, consistent with an exploration-stage profile and ongoing cash burn. Cash outflows improved versus the worst year (2023) and free cash flow growth turned positive in 2024 and 2025, but absolute free cash flow remains meaningfully negative, implying continued reliance on external funding if conditions persist.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-57.71K-78.79K-74.64K-74.28K-75.92K-29.82K
EBITDA-11.08M-10.86M-3.82M-19.00M-10.55M-6.71M
Net Income-10.94M-10.94M-3.89K-19.07M-9.52M-6.39M
Balance Sheet
Total Assets14.72M14.72M11.81M9.54M19.23M22.56M
Cash, Cash Equivalents and Short-Term Investments13.15M13.15M9.30M1.46M3.54M7.27M
Total Debt0.000.000.000.000.000.00
Total Liabilities4.54M4.54M1.96M2.60M3.26M792.01K
Stockholders Equity10.18M10.18M9.85M6.93M15.97M21.76M
Cash Flow
Free Cash Flow-7.66M-7.66M-7.29M-11.12M-8.12M-6.77M
Operating Cash Flow-7.46M-7.46M-7.28M-11.00M-6.46M-5.97M
Investing Cash Flow-243.96K-243.96K8.09M-104.95K-1.81M2.02M
Financing Cash Flow11.56M11.56M7.03M9.02M4.54M6.47M

Scottie Resources Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.57
Price Trends
50DMA
1.72
Positive
100DMA
1.70
Positive
200DMA
1.34
Positive
Market Momentum
MACD
0.11
Negative
RSI
54.87
Neutral
STOCH
80.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCOT, the sentiment is Positive. The current price of 1.57 is below the 20-day moving average (MA) of 1.83, below the 50-day MA of 1.72, and above the 200-day MA of 1.34, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 54.87 is Neutral, neither overbought nor oversold. The STOCH value of 80.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SCOT.

Scottie Resources 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%
52
Neutral
C$146.53M-6.7463.18%
52
Neutral
C$156.38M-7.84-62.47%-57.64%
51
Neutral
C$134.21M-20.94-20.26%-38.35%
47
Neutral
C$544.11M-49.3714.89%-24.08%
46
Neutral
C$198.43M112.3336.70%-66.51%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SCOT
Scottie Resources Corp
1.94
1.02
110.87%
TSE:FTZ
Norseman Capital
0.59
0.43
268.75%
TSE:PGDC
Patagonia Gold
1.17
1.13
2825.00%
TSE:NAU
Nevgold Corp
1.02
0.82
410.00%
TSE:VIPR
Silver Viper Minerals
1.69
1.35
389.86%
TSE:PGLD
P2 Gold
0.82
0.75
1071.43%

Scottie Resources Corp Corporate Events

Business Operations and Strategy
Scottie Resources Extends High-Grade Gold at Blueberry Contact Zone, Bolstering Scottie Mine Economics
Positive
Jan 28, 2026

Scottie Resources reported further strong assay results from its 2025 drilling program at the Blueberry Contact Zone on the Scottie Gold Mine Project, including intercepts of 34.3 g/t gold over 3.30 metres and 9.97 g/t gold over 9.70 metres across multiple vein zones. The new results, which feature several near-surface high-grade intervals and robust grades from the Road, BB Vein, Lemoffe and FiFi subzones, bolster confidence in the continuity and predictability of the mineralized system and help de-risk the project’s recent economic study by improving confidence in mine planning and future development scenarios, with the company emphasizing it is fully funded to continue drilling in 2026.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Scottie Resources Corp stock, see the TSE:SCOT Stock Forecast page.

Business Operations and Strategy
Scottie Resources Hits High-Grade Gold at Scottie Mine, Bolstering Economics of B.C. Project
Positive
Jan 22, 2026

Scottie Resources reported strong 2025 drill results from multiple high-grade zones at its Scottie Gold Mine Project, highlighted by 14.8 g/t gold over 9.8 metres, including 69.8 g/t over 2.0 metres in the M-Zone, and 17.6 g/t gold over 4.4 metres, alongside additional notable intercepts from the Wolf, P-, N-, L- and O-Zones. Management says the grades, which significantly exceed typical global open-pit and underground averages, enhance the project’s economic potential, de-risk and strengthen its new PEA, and support the case for capital-light development leveraging existing mine infrastructure; the company will use the 2025 results and drone-assisted 3D scanning of historic workings to remodel vein zones, refine 2026 drill targeting, and pursue further resource expansion.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Scottie Resources Corp stock, see the TSE:SCOT Stock Forecast page.

Business Operations and Strategy
Scottie Resources Posts High-Grade Gold Hits, Bolstering Scottie Mine Economics
Positive
Jan 22, 2026

Scottie Resources reported the final 2025 drill results from the Scottie Gold Mine and associated vein systems, highlighted by a 14.8 g/t gold intercept over 9.8 metres, including 69.8 g/t over 2.0 metres, in the M-Zone, as well as 17.6 g/t over 4.4 metres and several other high-grade hits in the M- and Wolf Zones. Management said these consistently strong grades, which exceed typical global open-pit and underground averages, enhance the economic potential and de-risk the company’s recently released preliminary economic assessment by reinforcing confidence in a robust, multi-zone mineralized system near existing underground workings, and will inform 2026 drilling and 3D mine-scanning programs aimed at resource expansion, better mine planning and potentially more capital-efficient development.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Scottie Resources Corp stock, see the TSE:SCOT Stock Forecast page.

Business Operations and Strategy
Scottie Resources Hits High-Grade Gold and Discovers New Vein at Scottie Gold Mine Project
Positive
Jan 15, 2026

Scottie Resources reported strong 2025 drill results from the Fifi, Road and Bend areas of its Scottie Gold Mine Project in northwest British Columbia, including a standout intercept of 16.1 g/t gold over 4.6 metres at the Fifi vein and the discovery of a new near-surface gold vein in the Bend area. The campaign also returned high-grade mineralization at the Road Zone outside the current resource model but within the existing open-pit shell, supporting resource expansion potential, improved grade continuity, and greater flexibility for future mine planning, which collectively enhances the project’s economic prospects and underscores the upside of Scottie’s systematic exploration strategy.

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

Business Operations and StrategyFinancial Disclosures
Scottie Resources Extends High-Grade Gold at Blueberry Contact Zone
Positive
Jan 6, 2026

Scottie Resources reported new high-grade gold assay results from its 2025 drilling campaign at the Blueberry Contact Zone within the Scottie Gold Mine Project, including a standout intercept of 6.41 g/t gold over 14.0 metres in the Fifi vein and several other strong hits across multiple sub-zones. The results support the company’s strategy to expand its resource base, upgrade existing resources from inferred to indicated, and underpin the mine plan outlined in its recent economic study, with management emphasizing that the high-grade open-pit component could potentially fund both mine construction and underground development, reinforcing the project’s attractiveness and growth potential for stakeholders.

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

Business Operations and Strategy
Scottie Resources Unveils Promising Gold Assay Results at Scottie Gold Mine Project
Positive
Dec 11, 2025

Scottie Resources Corp has announced promising assay results from its 2025 drilling program at the P-Zone within the Scottie Gold Mine Project, highlighting significant gold mineralization. The drilling results, including intersections of 8.43 g/t gold over 11.40 meters, reinforce the potential of the project and support the company’s strategy to expand its resource base. The findings enhance geological confidence and indicate opportunities for further growth, as the zones remain open in multiple directions. This development is expected to strengthen Scottie Resources’ position in the mining industry and provide valuable insights for stakeholders.

Business Operations and StrategyRegulatory Filings and Compliance
Scottie Resources Files Promising PEA for Scottie Gold Mine Project
Positive
Dec 8, 2025

Scottie Resources Corp. has filed a Preliminary Economic Assessment (PEA) for its Scottie Gold Mine project in British Columbia, which outlines a robust Direct-Ship Ore development scenario with strong economic potential. The PEA highlights an after-tax NPV of $215.8M at a gold price of US$2,600/oz, with potential for increased value through a toll-milling scenario. The project anticipates an average annual production of approximately 65,400 oz of gold over a 7-year mine life, with a payback period of 1.7 years. This assessment underscores the project’s potential impact on Scottie’s operations and its positioning within the gold mining industry.

Business Operations and Strategy
Scottie Resources President Honored with Prestigious AME Award
Positive
Dec 4, 2025

Scottie Resources Corp announced that its President, Dr. Thomas Mumford, has been awarded the 2025 H.H. ‘Spud’ Huestis Award by the Association for Mineral Exploration for his excellence in prospecting and mineral exploration. This recognition highlights Dr. Mumford’s leadership and technical expertise in the discovery of the Blueberry Contact Zone, which has significantly advanced Scottie Resources’ position in the industry. The award underscores the company’s potential for growth and the dedication of its exploration team in unlocking new mineral resources.

Private Placements and Financing
Scottie Resources Secures Over $24 Million in Private Placement Financing
Positive
Dec 3, 2025

Scottie Resources Corp. has successfully closed its non-brokered private placement financing, raising over $24 million through the issuance of charitable flow-through shares. The proceeds will be used for eligible Canadian exploration expenses related to the Scottie Gold Mine Project, potentially enhancing the company’s exploration capabilities and market position in the mineral-rich Golden Triangle. Ocean Partners UK Limited played a significant role in the financing, increasing its stake in Scottie Resources, which may influence future investment decisions and stakeholder dynamics.

Business Operations and Strategy
Scottie Resources Generates C$9M from Successful Bulk Sample Sale
Positive
Dec 1, 2025

Scottie Resources Corp has successfully executed a ‘dry run’ of its Direct Ship Ore (DSO) model by selling a bulk sample from its Scottie Gold Mine Project, generating approximately C$9 million in net revenue. This operation not only demonstrated the scalability of their development plan but also provided valuable technical and logistical insights, reinforcing confidence in their DSO model. The proceeds from this sale will fund upcoming feasibility studies and permitting work, potentially impacting the company’s future operations and positioning within the mining industry.

Business Operations and StrategyPrivate Placements and Financing
Scottie Resources Corp. Launches $23.5 Million Financing for Gold Mine Expansion
Positive
Nov 17, 2025

Scottie Resources Corp. announced a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares at $2.14 per share, aiming to raise $23.5 million. The proceeds will be used for Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia, with a focus on diamond drilling and field work during the 2026 field season. This move is expected to advance the company’s operations and strengthen its position in the mining industry, particularly in the prolific Golden Triangle region.

Business Operations and Strategy
Scottie Resources Reports Promising Drilling Results at Scottie Gold Mine
Positive
Nov 4, 2025

Scottie Resources Corp has announced promising assay results from its 2025 drilling program at the P-Zone within the Scottie Gold Mine Project. The drilling results, which include an intercept of 8.28 grams per tonne of gold over 22.35 meters, highlight the potential to expand the resource base and enhance the project’s economic viability. This development is part of the company’s strategy to increase geological confidence and convert resources from inferred to indicated classification, thereby strengthening its position in the mining sector.

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: Jan 24, 2026