Sonoro Gold (SGO) AI Stock Analysis

• Market Cap: C$93.57M
• Dividend Yield: N/A
• Average Volume (3M): 399.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.02
• Shares Outstanding: 311,911,870
• 10 Day Avg. Volume: 432,210
• 30 Day Avg. Volume: 399,525
• PEG Ratio: 0.23
• Price to Book (P/B): 14.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.82
• 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: C$0.70
• Price Target Upside: 133.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.30 ▼(-0.67% Downside)

The score is held back primarily by weak financial performance (pre-revenue, ongoing losses and cash burn, and higher leverage), which increases funding risk. Technicals are a key offset with a strong uptrend (price above major moving averages and positive MACD), though overbought signals raise near-term volatility risk. Valuation is constrained by losses (negative P/E) and no dividend yield.

Sonoro Gold Business Overview & Revenue Model

Company Description

Sonoro Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Mexico. The company primarily explores for gold and silver deposits. Its flagship project is the Cerro Caliche property comprising 15 contiguous mining concessions covering an area of approximately 1,400 hectares located in the Cucurpe Municipality of Sonora State in northwestern Mexico. The company was formerly known as Sonoro Metals Corp. and changed its name to Sonoro Gold Corp. in August 2020. Sonoro Gold Corp. is based in West Vancouver, Canada.

How the Company Makes Money

Sonoro Gold Financial Statement Overview

Summary

Pre-revenue with persistent operating losses and heavy, consistently negative operating/free cash flow, indicating strong reliance on external financing. Positives include meaningfully narrowed net losses versus 2021–2022 and a return to positive equity in 2024, but rising debt and weak self-funding capacity keep the financial profile high risk.

Income Statement

The company is still pre-revenue (revenue is 0 across all reported years), with consistently negative gross profit and ongoing operating losses. Losses have narrowed meaningfully versus 2021–2022 (net loss improved from about -5.9M/-6.9M to -1.3M in 2024), which is a positive trajectory, but profitability remains distant and results are highly dependent on continued funding rather than operating performance.

Balance Sheet

The balance sheet shows rising leverage as total debt increased from ~0.2M (2021) to ~4.9M (2024). Equity improved from negative in 2023 to positive ~1.0M in 2024, but remains modest relative to the debt load and ongoing losses. Total assets grew to ~7.9M in 2024, suggesting investment into the asset base, yet the capital structure looks stretched and more vulnerable if financing conditions tighten.

Cash Flow

Cash burn remains heavy with negative operating cash flow every year (roughly -2.9M to -5.9M), and free cash flow also consistently negative. 2024 free cash flow was still about -3.9M, indicating continued reliance on external capital; while spending appears somewhat lower than 2021–2022, the business has not demonstrated an ability to fund itself internally.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-44.74K	-62.56K	-89.90K	-48.83K	-4.07K
EBITDA	-5.60M	-663.05K	-3.30M	-6.72M	-5.83M
Net Income	-6.60M	-1.29M	-3.81M	-6.91M	-5.87M
Balance Sheet
Total Assets	9.03M	7.92M	5.14M	4.85M	6.56M
Cash, Cash Equivalents and Short-Term Investments	191.49K	214.08K	877.00	87.55K	1.76M
Total Debt	5.62M	4.89M	3.48M	1.12M	234.59K
Total Liabilities	8.04M	6.87M	5.33M	2.61M	530.06K
Stockholders Equity	986.26K	1.05M	-187.17K	2.24M	6.03M
Cash Flow
Free Cash Flow	-8.67M	-3.94M	-3.69M	-5.49M	-6.71M
Operating Cash Flow	-8.19M	-2.88M	-3.02M	-4.39M	-5.90M
Investing Cash Flow	-479.78K	-1.06M	-665.95K	-1.10M	-806.75K
Financing Cash Flow	8.26M	4.15M	3.60M	3.82M	6.16M

Sonoro 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%
RK	57 Neutral	C$58.56M	-117.65	-1.08%	―	―	-142.86%
CGNT	53 Neutral	C$94.52M	-3.14	-369.28%	―	―	34.55%
SGO	52 Neutral	C$93.57M	-11.45	-57.23%	―	―	―
PNTR	49 Neutral	C$46.67M	-35.35	-72.41%	―	―	-14.77%
NVRO	44 Neutral	C$60.31M	-4.58	―	―	―	-16.67%

Sonoro Gold Corporate Events

Sonoro Gold Expands Cerro Caliche Footprint with Strategic Concession Acquisitions

Sonoro Gold Corp. has expanded its Cerro Caliche gold property in Sonora, Mexico, by acquiring ten additional mineral concessions totaling 2,574.16 hectares adjacent to the project’s northern and southern boundaries for US$4 million, payable over four years, and assuming roughly US$570,000 in outstanding concession fees. The transaction increases Cerro Caliche to 25 contiguous concessions covering 3,924.26 hectares, potentially extending known mineralized corridors and enhancing exploration upside as the project advances through final permitting for an open-pit, heap leach operation and an updated Preliminary Economic Assessment expected in the first quarter of 2026.

The most recent analyst rating on (TSE:SGO) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Sonoro Gold stock, see the TSE:SGO Stock Forecast page.

Sonoro Gold Raises CAD $4.9 Million in Oversubscribed Private Placement to Advance Cerro Caliche Project

Sonoro Gold Corp. has closed an oversubscribed, non-brokered private placement raising CAD $4.9 million through the issuance of 24.5 million units at $0.20 per unit, each comprising one common share and a three-year warrant exercisable at $0.28. The financing, which included significant insider participation and is subject to final TSX Venture Exchange approval and statutory hold periods, will fund the ongoing development and final permitting of the proposed open-pit, heap leach Cerro Caliche gold mine in Sonora, Mexico, as well as general working capital, strengthening Sonoro’s financial position as it advances toward potential production.

The most recent analyst rating on (TSE:SGO) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Sonoro Gold stock, see the TSE:SGO Stock Forecast page.

Sonoro Gold Denies Rumors of Permit Rejection at Cerro Caliche Project

Sonoro Gold has publicly rejected online and media rumors that Mexico’s federal authorities have denied the Environmental Impact Statement (MIA) for its Cerro Caliche gold project or that the company has failed to properly disclose such information. The company clarified that a revised MIA, submitted in February 2025 to replace an earlier 2022 filing, remains under active review by the Mexican environmental regulator SEMARNAT, and emphasized that it remains in full compliance with its timely disclosure obligations, seeking to reassure investors and stakeholders about the project’s permitting status and regulatory transparency.

Sonoro Gold Secures $4 Million for Cerro Caliche Project Expansion

Sonoro Gold Corp. has announced a fully-committed non-brokered private placement offering of 20,000,000 units at CAD $0.20 per unit, raising gross proceeds of CAD $4,000,000. The proceeds will be used to advance the Cerro Caliche gold project in Sonora, Mexico, and for general working capital purposes. This move is expected to bolster the company’s operations and enhance its position in the gold exploration and development industry.

Sonoro Gold Completes Key Payment for Cerro Caliche Project and Announces CFO Resignation

Sonoro Gold Corp. has completed the final concession payment for its flagship Cerro Caliche gold project in Sonora, Mexico, securing 100% interest in the El Rosario mineral concessions. This milestone allows the company to move forward with its open-pit, heap leach mining operation, which is in the final permitting stage. The resignation of CFO Salil Dhaumya was also announced, with Katharine Regan stepping in as interim CFO. This development marks a significant step in Sonoro’s operational progress and strengthens its position in the mining industry.