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Thesis Gold Inc
(TAU)
Thesis Gold Inc (TAU) vs. iShares MSCI Canada ETF (EWC)
Thesis Gold Inc Business Overview & Revenue Model
Thesis Gold Inc Financial Statement Overview
| Breakdown | TTM | May 2025 | May 2023 | May 2022 | May 2021 | May 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -187.32K | 0.00 | 0.00 | 0.00 | -13.37K | 0.00 |
| EBITDA | -1.05M | -5.18M | -4.36M | -5.82M | -12.28M | -1.49M |
| Net Income | -5.76M | -1.65M | 888.55K | -4.77M | -12.35M | -272.27K |
Balance Sheet | ||||||
| Total Assets | 259.81M | 206.55M | 183.83M | 58.68M | 29.87M | 12.35M |
| Cash, Cash Equivalents and Short-Term Investments | 36.10M | 9.43M | 7.28M | 14.17M | 13.20M | 5.76M |
| Total Debt | 1.52M | 972.22K | 29.54K | 115.23K | 184.15K | 0.00 |
| Total Liabilities | 32.37M | 22.24M | 21.57M | 2.32M | 1.25M | 295.43K |
| Stockholders Equity | 227.43M | 184.31M | 162.26M | 56.36M | 28.62M | 12.05M |
Cash Flow | ||||||
| Free Cash Flow | -5.37M | -7.45M | -28.34M | -3.98M | -2.43M | -810.60K |
| Operating Cash Flow | -5.37M | -7.45M | 4.48M | -3.98M | -2.42M | -560.60K |
| Investing Cash Flow | -25.46M | -19.10M | -24.74M | -25.09M | -8.37M | -1.11M |
| Financing Cash Flow | 63.61M | 28.68M | 10.33M | 30.04M | 18.23M | 7.07M |
Thesis Gold Inc Technical Analysis
Thesis Gold Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | C$585.70M | -167.76 | -3.94% | ― | ― | -546.59% | |
57 Neutral | C$868.11M | -64.16 | -1.82% | ― | ― | -251.92% | |
56 Neutral | C$676.12M | 6.23 | -5.98% | ― | -5.94% | -153.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$493.99M | -36.79 | ― | ― | ― | 46.54% | |
49 Neutral | C$911.16M | -81.15 | -8.14% | ― | ― | -26.52% | |
45 Neutral | C$708.23M | 11.75 | ― | ― | ― | -12.17% |
Thesis Gold Inc Corporate Events
Thesis Gold & Silver Inc. has closed a C$44 million equity financing anchored by a strategic investment from AngloGold Ashanti, which acquired a 5.0% stake via a private placement of 13,858,883 common shares at C$2.79 per share. Centerra Gold maintained its 9.9% ownership by exercising participation rights to buy an additional 2,059,730 shares at the same price.
Proceeds will be used for working capital and to advance technical studies at the company’s flagship Lawyers-Ranch gold-silver project in British Columbia, reinforcing Thesis’s ability to progress the asset toward feasibility. An investor rights agreement grants AngloGold Ashanti participation and technical committee rights, underscoring the strategic nature of the partnership and strengthening Thesis’s industry positioning alongside two major gold producers.
The most recent analyst rating on (TSE:TAU) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Thesis Gold Inc stock, see the TSE:TAU Stock Forecast page.
Thesis Gold Inc. has secured a C$44.4 million strategic financing led by AngloGold Ashanti, which will acquire a 5% stake via a private placement, with Centerra Gold exercising its rights to maintain a 9.9% holding. The financing strengthens Thesis Gold’s shareholder base with two major industry partners, provides capital for technical studies at its flagship Lawyers-Ranch gold-silver project, and enhances its positioning as it works to de-risk and advance the project toward potential development.
Under the transaction, AngloGold Ashanti will purchase 13,858,883 common shares at C$2.79 each, while Centerra Gold will subscribe for 2,059,730 shares at the same price, with all shares subject to a statutory hold period and standard regulatory approvals. The proceeds will be used for working capital and ongoing project studies, and AngloGold Ashanti will receive investor rights, including participation and technical committee appointment rights, potentially adding operational expertise and strategic support as Thesis Gold progresses its development plans.
The most recent analyst rating on (TSE:TAU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Thesis Gold Inc stock, see the TSE:TAU Stock Forecast page.
Thesis Gold Inc. is rebranding to Thesis Gold & Silver Inc. to better reflect the substantial silver endowment at its 100%-owned Lawyers-Ranch gold-silver project in northern British Columbia and its broader corporate strategy. The company recently filed a NI 43-101 pre-feasibility study outlining a sizable measured and indicated gold-equivalent resource, including nearly 98 million ounces of silver, and average annual production of about 187,000 gold-equivalent ounces over a 15-year mine life.
The new name will take effect on February 20, 2026, with the company’s shares continuing to trade under existing symbols on the TSX Venture Exchange, OTCQX, and Frankfurt Stock Exchange while adopting new CUSIP and ISIN identifiers. Management says the rebrand underscores the economic importance of silver to Lawyers-Ranch, aims to align market perception with the project’s scale and metal mix, and supports the company’s ongoing efforts to advance the asset through permitting, feasibility work, and continued exploration.
The most recent analyst rating on (TSE:TAU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Thesis Gold Inc stock, see the TSE:TAU Stock Forecast page.
Thesis Gold Inc. has appointed Coille van Alphen, a mining and metals portfolio manager at Equinox Partners and veteran mining investment professional, to its board of directors, effective immediately. Her addition brings deep capital markets and global mining investment expertise to the board as Thesis transitions the Lawyers-Ranch project from advanced exploration toward development, aiming to better align governance with long-term shareholder interests and support the company’s push to position Lawyers-Ranch as a leading global precious metals development asset.
The most recent analyst rating on (TSE:TAU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Thesis Gold Inc stock, see the TSE:TAU Stock Forecast page.
Thesis Gold reported strong assay results from its 2025 drill program at the Steve Zone on the Lawyers-Ranch project, confirming high-grade gold within broad mineralized zones. Key intercepts include 38 metres grading 3.62 g/t gold within a 77-metre interval, alongside extensive lower-grade mineralization extending to depths over 500 metres and near-surface silver-enriched zones, indicating a vertically extensive epithermal system. Management highlighted that Steve is not currently part of the project’s mineral resource or economic models, suggesting meaningful potential for future resource growth, mine plan expansion, and enhanced project scale as the company advances toward feasibility-level studies.
The most recent analyst rating on (TSE:TAU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Thesis Gold Inc stock, see the TSE:TAU Stock Forecast page.
Thesis Gold Inc. has filed its NI 43-101-compliant prefeasibility technical report for the wholly owned Lawyers-Ranch gold-silver project on SEDAR+, formalizing previously announced robust economics for the northern British Columbia asset. The study outlines strong financial metrics at assumed metal prices, including a 54.4% after-tax internal rate of return, a C$2.37 billion after-tax NPV5%, a quick 1.1-year payback, and low all-in sustaining costs averaging US$1,185 per gold-equivalent ounce over a 15-year mine life, supported by a maiden mineral reserve of 76.16 million tonnes and meaningful silver by-product revenue. With initial capex estimated at C$736.2 million and further upside expected from engineering optimization and exploration, the project’s scale and returns position Thesis Gold as a potentially significant emerging player in the precious metals sector as it progresses toward a feasibility study and continues de-risking the asset.
The most recent analyst rating on (TSE:TAU) stock is a Buy with a C$3.25 price target. To see the full list of analyst forecasts on Thesis Gold Inc stock, see the TSE:TAU Stock Forecast page.