San Lorenzo Gold Corp (SLG) AI Stock Analysis

• Market Cap: C$182.69M
• Dividend Yield: N/A
• Average Volume (3M): 116.79K
• Price to Earnings (P/E): ―
• Beta (1Y): -3.11
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 73,370,300
• 10 Day Avg. Volume: 114,110
• 30 Day Avg. Volume: 116,791
• PEG Ratio: 0.00
• Price to Book (P/B): 2.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -34.81
• 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$2.00 ▲(73.91% Upside)

The score is held down primarily by weak financial performance (pre-revenue profile, ongoing losses, and negative cash flow with increasing debt). Technicals provide some support due to strong trend and positive MACD, but extremely overbought RSI/Stoch limit upside confidence. Valuation remains unattractive/unclear because earnings are negative and there is no dividend yield.

Positive Factors

Equity base / balance sheet cushion

A meaningful reported equity base provides a structural solvency buffer for a pre-revenue company, allowing it to absorb ongoing losses and fund near-term development efforts without immediate insolvency. That cushion supports financing optionality over several quarters.

Improving cash burn

Material improvement in cash burn indicates management has reduced operating outflows, extending runway and lowering recurring financing needs. Sustained burn improvement, if maintained, reduces dilution pressure and improves the odds of reaching an operational inflection.

Narrowing losses / cost progress

Year-over-year narrowing of net losses and EBITDA improvement signals operational discipline and cost controls. If this trend continues, it strengthens the pathway to eventual positive margins once revenue begins, improving long-term profit sustainability.

Negative Factors

Pre-revenue profile

A multi-year absence of revenue is a structural constraint: without product or operating revenue, the company cannot demonstrate market demand or self-fund growth. This elevates execution risk and makes long-term viability dependent on successful commercialization or continual external capital.

Persistent negative cash flow

Consistent negative operating and free cash flow signals chronic inability to generate internal funds. Over months, this forces repeated reliance on external financing, increasing dilution or creditor dependence and constraining strategic flexibility and investment capacity.

Rising leverage

Material increase in debt and debt-to-equity reduces financial flexibility and raises refinancing and interest risks. For a company still losing money and without revenue, higher leverage magnifies solvency pressure and limits ability to invest in growth without onerous financing terms.

San Lorenzo Gold Corp Business Overview & Revenue Model

Company Description

San Lorenzo Gold Corp., an exploration company, engages in the acquisition and development of mineral properties in Chile. The company explores for gold, copper, silver, and cobalt deposits. Its flagship property is 100% interest hold in the Salvadora project comprising 9,062 hectares located in Atacama Region, Chile. The company is headquartered in Calgary, Canada.

How the Company Makes Money

San Lorenzo Gold Corp Financial Statement Overview

Summary

Weak fundamentals: no revenue reported across 2021–2024, continued net losses and negative EBITDA, and persistent negative operating/free cash flow. Positives are limited to improving burn rate versus prior years and a still-positive equity base, but rising debt increases financing dependence.

Income Statement

The company reports no revenue across 2021–2024, while profitability remains deeply negative (2024 net loss of -388,747; EBITDA still negative at -194,074). Losses have narrowed versus 2021, indicating some cost reduction progress, but the absence of revenue and continued negative earnings materially weakens the income statement profile.

Balance Sheet

The balance sheet shows a meaningful equity base (2024 equity of 3,045,225 vs. assets of 5,411,053), but leverage has increased with total debt rising to 1,827,881 and debt-to-equity climbing to ~0.60 (from ~0.28 in 2022). Returns on equity remain negative, reflecting ongoing losses and reducing balance sheet quality despite adequate reported equity.

Cash Flow

Cash generation is weak with negative operating cash flow and negative free cash flow in every year shown (2024 operating/free cash flow of -175,114). The burn rate has improved materially versus prior years (less negative than 2021–2023), but cash flow still does not support self-funding operations, and negative operating cash flow indicates continued reliance on external financing.

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	0.00	0.00	0.00	0.00	0.00
EBITDA	-352.58K	-194.07K	-368.45K	-520.79K	-1.04M
Net Income	-676.54K	-388.75K	-404.02K	-567.71K	-1.06M
Balance Sheet
Total Assets	7.10M	5.41M	5.32M	4.20M	3.04M
Cash, Cash Equivalents and Short-Term Investments	668.47K	61.98K	587.40K	7.26K	690.36K
Total Debt	1.99M	1.83M	1.43M	893.30K	953.09K
Total Liabilities	2.81M	2.37M	1.81M	988.25K	1.09M
Stockholders Equity	4.29M	3.05M	3.50M	3.21M	1.95M
Cash Flow
Free Cash Flow	-566.30K	-175.11K	-339.18K	-465.44K	-627.67K
Operating Cash Flow	-566.30K	-175.11K	-339.18K	-465.44K	-627.67K
Investing Cash Flow	-1.06M	-614.89K	-817.01K	-1.63M	-371.81K
Financing Cash Flow	2.26M	264.58K	1.74M	1.41M	-38.98K

San Lorenzo Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AAN	52 Neutral	C$81.57M	-6.43	―	―	―	―
QZM	52 Neutral	C$64.12M	-14.86	-124.66%	―	―	-32.14%
NKG	50 Neutral	C$106.02M	-6.54	-74.18%	―	―	42.92%
SLG	46 Neutral	C$182.69M	-281.11	-14.39%	―	―	―
TOC	45 Neutral	C$80.93M	-72.73	―	―	―	23.78%
HPQ	44 Neutral	C$78.56M	-10.47	―	―	―	50.72%

San Lorenzo Gold Corp Corporate Events

San Lorenzo Intersects 222.4 Metres of Mineralization in First Hole at Cerro Blanco

San Lorenzo Gold Corp. reported assay results from the first hole of its current drilling program at the Cerro Blanco porphyry target on the Salvadora property in Chile, where five mineralized sections totalling 222.4 metres were intersected in hole SAL 04-25, including long runs of gold-bearing mineralization with associated silver and copper. The company interprets these results as representing the upper levels of a mineralized porphyry system and indicating a northeasterly continuation of the system encountered in earlier holes, reinforcing the exploration potential of the Cerro Blanco area; San Lorenzo plans additional induced polarization (IP) geophysical work followed by further drilling to test the 1.7-kilometre extension and better define the scale of the mineralized system, a step that could be significant for the future development of the Salvadora project and its attractiveness within Chile’s porphyry belt.

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

San Lorenzo Gold to Highlight Chilean Salvadora Project at 2026 Metals Investor Forum

San Lorenzo Gold Corp. will showcase its flagship Salvadora project at the Metals Investor Forum in Vancouver on January 23–24, 2026, where CEO Al Kroontje is scheduled to present as part of a curated panel and will meet with shareholders and prospective investors. The company is using the conference, including live-streamed presentations, as a platform to highlight ongoing work programs, exploration progress, and near- and long-term strategic plans for advancing its Chilean gold and copper assets, aiming to deepen investor engagement and support for its growth strategy.

The most recent analyst rating on (TSE:SLG) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on San Lorenzo Gold Corp stock, see the TSE:SLG Stock Forecast page.

San Lorenzo Gold Raises Nearly $6 Million, Revises Argonaut Advisory Compensation

San Lorenzo Gold Corp has completed the second and final closing of its upsized private placement, issuing 5,567,193 units for gross proceeds of about $3.45 million and bringing total funds raised in the offering to nearly $6 million. Each unit consists of one common share and half a warrant, with full warrants exercisable at $0.80 for two years, while brokers received cash commissions and broker warrants exercisable at the same price for one year. The proceeds will be used to continue exploration at the Salvadora property in Chile and for general working capital, and the securities are subject to a standard hold period pending final TSX Venture Exchange acceptance. Separately, San Lorenzo has amended its advisory engagement with Argonaut Corporate Finance by granting 1,000,000 stock options exercisable at $0.80 for two years in lieu of previously contemplated advisory warrants, aligning compensation with the company’s equity and subject to exchange approval.

The most recent analyst rating on (TSE:SLG) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on San Lorenzo Gold Corp stock, see the TSE:SLG Stock Forecast page.

San Lorenzo Gold Upsizes Private Placement Amid Strong Investor Demand

San Lorenzo Gold Corp has announced an increase in its non-brokered private placement offering from $4,000,000 to $5,000,000 due to significant investor demand. This move indicates strong investor interest and confidence in the company’s operations, particularly in its flagship Salvadora property, which could enhance its market positioning and stakeholder value.

San Lorenzo Gold Corp Partners with Argonaut for Strategic Advisory and Announces $4 Million Private Placement

San Lorenzo Gold Corp has entered into an advisory engagement with Argonaut Corporate Finance Limited, a leading Australian investment firm in natural resources, to serve as its strategic financial advisor. This partnership aims to enhance exploration efforts on San Lorenzo’s properties, particularly the Salvadora Gold/Copper project. Additionally, San Lorenzo plans a non-brokered private placement to raise up to $4 million, with Argonaut Group as a cornerstone investor, to fund exploration and general working capital. This move is expected to strengthen San Lorenzo’s financial position and exploration capabilities, potentially impacting its market presence and stakeholder interests positively.

San Lorenzo Gold Corp Advances Drilling at Cerro Blanco Target

San Lorenzo Gold Corp has completed the first diamond drill hole at its Cerro Blanco target on the Salvadora property in Chile, reaching a depth of 485 meters. Initial observations indicate that the mineralization aligns well with the IP chargeability anomaly, suggesting promising exploration results. The company plans to continue testing additional high chargeability IP geophysical anomalies across the property, which could enhance its position in the mining sector.