Solstice Gold (SGC) AI Stock Analysis

• Market Cap: C$24.01M
• Dividend Yield: N/A
• Average Volume (3M): 138.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.46
• Revenue Growth: N/A
• EPS Growth: -100.00%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 252,719,330
• 10 Day Avg. Volume: 134,058
• 30 Day Avg. Volume: 138,963
• PEG Ratio: -0.51
• Price to Book (P/B): 50.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.79
• 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$0.09 ▲(16.25% Upside)

The score is primarily weighed down by very weak financial performance (no revenue, continued losses, and negative free cash flow) and the associated financing/dilution risk from declining equity. Technical indicators are neutral-to-modestly constructive on a longer-term basis but do not offset fundamentals, while valuation remains constrained by losses and no dividend support.

Positive Factors

Low Leverage

Minimal reported debt materially lowers fixed financing obligations and reduces short-term solvency risk for an exploration company. This durable balance sheet characteristic preserves flexibility to fund drilling or JV activity through equity or project financing without heavy interest burdens.

Focused Gold Exploration Model

A clear, single-commodity exploration strategy provides strategic focus and operational expertise. For early-stage miners, concentrating on gold and standard exploration techniques (mapping, sampling, drilling) supports repeatable workflows, comparability to peers, and potential asset-value catalytic events over months.

Improving Loss Trend

A measurable reduction in annual losses versus prior years suggests improved cost discipline or lower activity spending. If sustained, this trend can extend runway between financings, reflects management control over expenditures, and improves options for advancing projects at lower incremental cash needs.

Negative Factors

Pre-revenue with Persistent Losses

Operating without revenue leaves the firm reliant on external capital to continue exploration. Persistent net losses deplete equity and limit internal funding capacity, increasing the probability of future dilutive financings and constraining investment into drilling or permitting that drive long-term value.

Weak Cash Generation

Sustained negative operating and free cash flow indicate ongoing cash burn and dependency on financing. For an exploration company, unstable or negative cash generation undermines ability to execute multi-stage programs, increases financing frequency, and raises project advancement risk over the medium term.

Eroding Equity and Dilution Risk

Steep erosion of shareholder equity signals cumulative losses and reduces the balance sheet buffer to absorb future setbacks. Low equity levels make the company more likely to pursue dilutive capital raises or less-favorable financing, which can materially dilute existing holders and limit long-term project funding.

Solstice Gold Business Overview & Revenue Model

Company Description

Solstice Gold Corp. engages in the exploration for and development of mineral resource properties in Ontario and Nunavut, Canada. It primarily explores for gold deposits. The company holds a 100% interest in the Kahuna gold project covering an area of 866 square kilometers located in Nunavut, as well as secondary rights covering an adjacent 683 square kilometres. It also has an option agreement to acquire a 100% interest in the Red Lake Extension project consisting of 10 claims located in the northern part of the Red Lake Gold District. The company was formerly known as Dunnedin Gold Inc. and changed its name to Solstice Gold Corp. in September 2017. Solstice Gold Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Solstice Gold makes money primarily through the exploration and potential development of gold properties. The company's revenue model involves identifying promising gold deposits, conducting comprehensive geological assessments, and advancing these projects to a stage where they can attract investment or be sold to larger mining companies. Key revenue streams include funding from investors, joint ventures, and potential sale or leasing of mineral rights. Solstice Gold may also earn income through strategic partnerships with other mining companies looking to expand their gold exploration portfolios. The company's earnings are significantly influenced by factors such as the market price of gold, exploration success, and its ability to secure capital for ongoing operations.

Solstice Gold Financial Statement Overview

Summary

Financials are very weak: the company remains pre-revenue with persistent net losses (about -$1.15M in 2025) and ongoing negative operating/free cash flow (about -$1.33M FCF in 2025). Low debt (~$60K) limits leverage risk, but equity has eroded sharply (to roughly ~$0.23M in 2025), increasing funding and dilution risk.

Income Statement

The income statement remains very weak: the company reports zero revenue across all disclosed years, while losses are persistent and meaningful (net loss of about -$1.15M in 2025 vs -$0.89M in 2024). Profitability is negative throughout the period, although losses improved materially from the much larger loss levels seen in 2022–2023, indicating some cost discipline or reduced activity even as the business is still pre-revenue.

Balance Sheet

The balance sheet is a relative bright spot due to low leverage: debt is minimal in 2025 (~$60K) and was zero in 2024, keeping financial risk contained. However, equity has declined sharply over time (roughly $1.79M in 2022 to ~$0.23M in 2025), reflecting ongoing losses and raising dilution/financing risk; total assets have also trended down from 2022–2023 levels.

Cash Flow

Cash generation is weak, with consistently negative operating cash flow and free cash flow (about -$1.33M in 2025 and -$0.92M in 2024). While the cash burn was far heavier in 2022–2023 (notably the large 2022 free cash outflow), the company still requires external funding to sustain operations, and the year-to-year swing in free cash flow suggests volatility in spending levels.

Breakdown	TTM	Dec 2025	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	-3.50K	0.00	0.00
EBITDA	-1.19M	-1.15M	-886.49K	-3.99M	-5.64M	-426.89K
Net Income	-1.15M	-1.15M	-886.48K	-3.52M	-5.56M	-416.82K
Balance Sheet
Total Assets	551.96K	551.96K	556.65K	1.14M	2.20M	786.56K
Cash, Cash Equivalents and Short-Term Investments	344.59K	344.59K	522.26K	1.08M	1.98M	721.77K
Total Debt	60.26K	60.26K	0.00	80.00K	80.00K	80.00K
Total Liabilities	321.41K	321.41K	195.48K	136.60K	408.94K	206.24K
Stockholders Equity	230.56K	230.56K	361.17K	999.52K	1.79M	580.32K
Cash Flow
Free Cash Flow	-1.33M	-1.33M	-920.01K	-3.82M	-9.50M	-389.33K
Operating Cash Flow	-1.33M	-1.33M	-920.01K	-3.82M	-5.45M	-389.33K
Investing Cash Flow	19.81K	19.81K	194.81K	38.00K	0.00	-729.32K
Financing Cash Flow	1.27M	1.27M	525.73K	2.67M	6.41M	20.00K

Solstice Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.08
• 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:SGC, the sentiment is Neutral. The current price of 0.08 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.09, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.76 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SGC.

Solstice Gold 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%
PHNM	54 Neutral	C$34.11M	-28.71	-5.76%	―	―	―
KG	52 Neutral	C$39.35M	-36.05	-3.40%	―	―	-34.21%
WG	47 Neutral	C$28.76M	-10.00	-16.82%	―	―	14.38%
SGC	46 Neutral	C$24.01M	-15.83	-1390.86%	―	―	-100.00%
BARU	44 Neutral	C$22.02M	-5.45	―	―	―	5.41%

Solstice Gold Corporate Events

Solstice Gold Expands Strathy Land Package Ahead of Q1 Drilling at Red Cedar

Solstice Gold has expanded its Strathy Gold Project in Ontario by acquiring two patented claims and one unpatented claim totaling 47.2 hectares, located immediately east of its Red Cedar Discovery. The new ground captures the eastern extension of a growing induced polarization chargeability anomaly associated with the Red Cedar high‑grade intercept of 8.5 g/t gold over 3.5 metres, positioning the company to test a larger, 1 km‑long trend that remains open to the north and east and has seen no modern exploration. The acquisitions, subject to due diligence and TSX Venture Exchange approval, will be paid through a mix of cash, shares and a capped net smelter return royalty, and come as Solstice finalizes targets for a fully funded ~2,750‑metre drill program slated for the first quarter of 2026, while also issuing 3.9 million stock options to directors, officers and employees to align incentives as it advances follow‑up drilling on a high‑grade gold discovery in the Abitibi region.

The most recent analyst rating on (TSE:SGC) stock is a Sell with a C$0.13 price target. To see the full list of analyst forecasts on Solstice Gold stock, see the TSE:SGC Stock Forecast page.

Solstice Gold Corp. Raises $1.12M in Private Placement to Boost Exploration

Solstice Gold Corp. announced the completion of a private placement, raising $1.12 million through the issuance of common shares and units. This funding supports their exploration activities, including the promising Strathy Gold Project, which has shown high-grade gold mineralization and potential for significant discoveries. The announcement underscores Solstice’s strategic focus on expanding its exploration footprint and enhancing its project portfolio, potentially benefiting stakeholders through increased resource development and exploration success.

Solstice Gold Expands Exploration at Strathy Project Following Red Cedar Discovery

Solstice Gold Corp. has launched an expanded Alpha IP survey at its Strathy Gold Project in Ontario’s Temagami Greenstone Belt, following a successful initial drill program that led to the Red Cedar Discovery. This survey aims to refine high-priority drill targets by extending and defining anomalies associated with the discovery, which remains open for expansion. The results will guide a fully funded winter drill program, enhancing Solstice’s exploration efforts and potentially increasing its gold resource base, thus strengthening its position in the mining industry.