Scorpio Gold (SGN) AI Stock Analysis

• Market Cap: C$93.15M
• Dividend Yield: N/A
• Average Volume (3M): 725.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.60
• Revenue Growth: N/A
• EPS Growth: -57.61%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.04
• Shares Outstanding: 273,982,150
• 10 Day Avg. Volume: 606,160
• 30 Day Avg. Volume: 725,974
• PEG Ratio: >-0.01
• Price to Book (P/B): 17.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.12
• 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: 54 Neutral
• Price Target: C$0.38 ▼(-0.79% Downside)

The score is held back primarily by weak financial performance (ongoing losses and significant cash burn). Offsetting this are constructive recent corporate developments (resource estimate, drilling results, and a funded drilling plan) and mildly improving technical signals. Valuation provides little support due to negative earnings and no dividend.

Positive Factors

Management Strengthening

Enhancing management and advisory teams can improve strategic execution and operational efficiency, supporting long-term business success.

Exploration Potential

Successful drilling results indicate strong potential for resource expansion, enhancing the company's long-term production capabilities.

Strategic Growth Initiatives

The company's strategic moves, including significant fundraising and land expansion, position it for future growth and exploration opportunities.

Negative Factors

Lack of Revenue

The absence of revenue generation highlights operational challenges and raises concerns about the company's ability to achieve profitability.

Cash Flow Challenges

Persistent cash flow issues indicate operational inefficiencies, impacting the company's ability to sustain operations and fund future projects.

Financial Instability

High leverage and low equity stability raise concerns about financial health, potentially limiting the company's ability to invest in growth.

Scorpio Gold Business Overview & Revenue Model

Company Description

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits. The company holds 100% interests in the Mineral Ridge gold project covering an area of 5,617 hectares located in Esmeralda County, Nevada; and Goldwedge property that covers an area of 717 hectares located in Manhattan, Nevada. It also holds 100% interest in the Manhattan property covering an area of 1,740 hectares located in Nye County, Nevada. The company is based in White Rock, Canada.

How the Company Makes Money

Scorpio Gold generates revenue primarily through the extraction and sale of gold from its mining operations. The company operates mines where it extracts ore, processes it to separate gold, and then sells the refined product in the global precious metals market. Key revenue streams for Scorpio Gold include the sale of gold bullion and any by-products resulting from the mining process. Additionally, the company may enter into strategic partnerships or joint ventures to enhance its exploration and production capabilities, contributing to its overall earnings. Other factors influencing earnings include fluctuations in gold prices, operational efficiencies, and cost management in mining operations.

Scorpio Gold Financial Statement Overview

Summary

Overall, Scorpio Gold exhibits significant financial challenges with no revenue generation and consistent net losses impacting its profitability and cash flow. The balance sheet reflects high leverage and low equity stability, raising concerns over financial health. The company needs strategic measures to improve operational efficiency and reduce debt burden to achieve a stronger financial position.

Income Statement

The company's income statement reveals a challenging financial position with no revenue reported in the TTM period. Historical data shows a consistent decline in revenue since 2019, with negative gross profit and significant net losses. The EBIT and EBITDA margins are substantially negative, indicating operational inefficiencies and a lack of profitability.

Balance Sheet

Scorpio Gold's balance sheet shows a moderate financial position with a high debt-to-equity ratio due to increased total debt relative to equity. Despite this, the company's equity has improved over the TTM period. However, the low equity ratio indicates potential financial instability. The company should focus on strengthening its equity base to mitigate risks associated with high leverage.

Cash Flow

The cash flow statement indicates negative operating and free cash flows over the TTM period, reflecting challenges in generating cash from operations. Although there are signs of improvement in financing activities, the operating cash flow to net income ratio remains negative, suggesting cash flow issues tied to unprofitable operations. The company needs to enhance its cash flow generation capabilities to support financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	3.24M	4.97M
Gross Profit	17.38K	0.00	0.00	-161.00K	-1.93M	230.00K
EBITDA	-7.84M	-4.37M	-2.20M	-2.94M	-3.78M	-521.00K
Net Income	-8.32M	-15.25M	-2.27M	-2.21M	-4.68M	-1.42M
Balance Sheet
Total Assets	20.39M	17.13M	14.69M	14.45M	13.79M	18.96M
Cash, Cash Equivalents and Short-Term Investments	8.98M	0.00	294.85K	331.90K	278.98K	4.15M
Total Debt	511.14K	1.02M	4.47M	3.05M	450.00K	0.00
Total Liabilities	2.33M	16.78M	11.92M	9.62M	7.33M	8.41M
Stockholders Equity	18.07M	349.09K	2.77M	4.83M	6.46M	10.54M
Cash Flow
Free Cash Flow	-7.42M	-5.45M	-1.51M	-2.55M	-4.27M	-1.28M
Operating Cash Flow	-4.06M	-4.36M	-1.44M	-1.69M	-2.60M	-807.00K
Investing Cash Flow	1.72M	-2.30M	130.52K	-687.56K	-1.72M	-1.77M
Financing Cash Flow	11.38M	6.37M	1.27M	2.43M	450.00K	4.49M

Scorpio Gold Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SGN, the sentiment is Neutral. The current price of 0.38 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.35, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.74 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SGN.

Scorpio 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%
GWM	56 Neutral	C$83.43M	-8.51	-63.27%	―	―	-68.53%
ECR	55 Neutral	C$110.69M	-6.98	-32.54%	―	―	-661.70%
SGN	54 Neutral	C$93.15M	-2.83	-62.60%	―	―	-57.61%
AE	48 Neutral	C$98.51M	-10.72	-48.84%	―	―	17.15%
VEIN	44 Neutral	C$90.62M	-3.82	―	―	―	―

Scorpio Gold Corporate Events

Scorpio Gold Expands Mineralization Footprint With New Manhattan Drill Results

Scorpio Gold reported additional assay results from seven diamond drill holes completed in 2025 at its Manhattan District Project in Nevada, including notable intercepts of 2.21 g/t gold over 7.38 metres in hole 25MN-030 and 0.54 g/t gold over 20.54 metres, including 1.34 g/t gold over 8.95 metres, in hole 25MN-031. Management highlighted that many of the new intercepts lie outside the current inferred resource constraining pit designed at a US$2,500 gold price, indicating potential to expand the mineralized envelope and increase tonnage, while drilling also refined the understanding of key structural feeder zones; with assays still pending from 12 additional holes and three drill rigs active, the company signalled an ongoing pipeline of results that could further shape the project’s resource base and development outlook.

The most recent analyst rating on (TSE:SGN) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Scorpio Gold stock, see the TSE:SGN Stock Forecast page.

Scorpio Gold Strengthens Financial Position and Announces Leadership Change

Scorpio Gold Corp. has received the first deferred payment of $750,000 from the sale of its subsidiary, Mineral Ridge Gold, LLC, strengthening its financial position as it advances its 50,000-metre drill program in the Manhattan District. Additionally, the company announced a change in its corporate secretary, with Stephanie Sharma taking over from the retiring Diana Mark, bringing extensive experience in corporate governance.

Scorpio Gold Unveils Promising Drilling Results at Manhattan Project

Scorpio Gold Corporation announced promising results from its 2025 drilling program at the Manhattan District Project in Nevada, revealing new zones of mineralization. The results indicate the potential for significant resource expansion, with high-grade gold intercepts suggesting a district-scale opportunity. The discovery of a new structural trend at Mustang Hill and the continuity of mineralization at other target areas support the company’s exploration model, aiming to grow its resource base and enhance its market positioning.

Scorpio Gold Identifies 19 High-Potential Exploration Targets in Nevada

Scorpio Gold Corporation has announced the identification of 19 high-potential gold exploration targets in the Manhattan District, Nevada. These targets, which include historic high-grade resources, present substantial opportunities for resource expansion and development. The company’s efforts to digitize and compile historical data aim to enhance exploration accuracy and efficiency. With a fully funded drill program and a strategic location near existing infrastructure, Scorpio Gold is well-positioned to capitalize on these opportunities, potentially increasing its gold endowment and strengthening its industry positioning.

Scorpio Gold Unveils Maiden Mineral Resource Estimate for Manhattan District

Scorpio Gold Corporation has announced the filing of an independent technical report detailing a maiden mineral resource estimate for its Manhattan District project in Nevada, USA. The report reveals an inferred resource of 740,000 ounces of gold at a grade of 1.26 g/t, based on extensive drilling and historical data. This development consolidates past-producing mines under a single entity, enhancing Scorpio Gold’s exploration and operational capabilities in the region. The announcement signifies a strategic advancement for the company, potentially impacting its market positioning and offering promising opportunities for stakeholders.

Scorpio Gold Launches Ambitious Phase 2 Drilling Program in Nevada

Scorpio Gold has commenced its Phase 2 drilling program at the Manhattan District Project in Nevada, aiming to complete a minimum of 50,000 metres of drilling by August 2026. This phase is designed to expand the Mineral Resource Estimate, convert historic resources, and accelerate the company’s efforts to establish a significant gold system, thereby enhancing its market position and delivering consistent exploration catalysts.

Scorpio Gold Reports Positive Drilling Results at Manhattan District

Scorpio Gold Corp. has announced additional results from Phase 1 of its 2025 drilling program at the Manhattan District Project in Nevada. The results indicate significant gold mineralization in key target zones, including the Gap Zone and Mustang Hill, supporting the company’s objective to expand its maiden resource and achieve a two-million-ounce high-grade gold target. The completion of Phase 1 sets the stage for Phase 2, which aims to further define and expand the mineralized body, with an accelerated drilling program planned to enhance resource estimates and stakeholder value.