TDG Gold (TDG) AI Stock Analysis

• Market Cap: C$225.05M
• Dividend Yield: N/A
• Average Volume (3M): 886.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: N/A
• EPS Growth: -109.66%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 308,281,740
• 10 Day Avg. Volume: 378,866
• 30 Day Avg. Volume: 886,410
• PEG Ratio: -1.03
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.15
• 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: 43 Neutral
• Price Target: C$0.70 ▼(-26.84% Downside)

The score is held down primarily by very weak financial performance (no revenue, large losses, and significant cash burn), despite a relatively strong, low-debt balance sheet. Technicals also detract due to a clear downtrend and negative momentum, while valuation signals are limited because the company is loss-making and no dividend data is provided.

Positive Factors

Low leverage / strong balance sheet

Extremely low leverage and a sizable equity base provide a durable capital cushion that reduces refinancing and insolvency risk. For an exploration company this supports multi-stage programs and negotiations, giving the firm runway to advance targets before needing urgent external funding.

Exploration business model with multiple monetization paths

TDG’s model—acquiring rights, running exploration, then advancing or transacting projects—creates structural optionality. Successful discoveries can be monetized via development, JV or asset sales, allowing value realization without requiring full-cycle mine ownership, a durable strategic advantage for explorers.

Balance-sheet strength offsets operational weakness

Although operations are loss-making, the sizable equity relative to assets means the company can sustain exploration spending longer than highly leveraged peers. This structural cushion preserves strategic optionality and bargaining power for partnerships or staged funding over the medium term.

Negative Factors

No revenue and sizable recurring losses

A persistent absence of revenue means the business model has yet to demonstrate commercial viability. Ongoing, material net losses indicate operations are reliant on capital markets or partners to continue, making long-term value creation contingent on successful exploration outcomes rather than operating cash generation.

Material cash burn and negative operating cash flow

Consistent negative OCF/FCF of roughly -15.7M TTM creates structural funding pressure: the company must raise capital or transact assets to sustain programs. This persistent burn can dilute shareholders, compress bargaining power in JV/asset deals, and constrain the timing and scale of exploration.

Equity not producing returns (negative ROE)

While the balance sheet is sizable, negative returns on equity show capital has not translated into profitable operations or value realization. This structural shortfall means shareholders face extended timelines for recovery unless exploration converts into demonstrable, monetizable resources.

TDG Gold Business Overview & Revenue Model

Company Description

TDG Gold Corp. engages in the identification, acquisition, exploration, and development of mineral resource projects in British Columbia. The company explores for gold, silver, and copper deposits. It holds interests in the Baker-Shasta property covering an area of approximately 6,000 hectares; the Oxide Peak property covering an area of 8,437 hectares; the Bot property covers an area of 8,600 hectares; and the Mets property covering an area of 200 hectares located in the Toodoggone region of British Columbia. The company is headquartered in White Rock, Canada.

How the Company Makes Money

TDG Gold generates revenue primarily through the discovery, extraction, and sale of gold. The company's key revenue streams include the sale of gold extracted from its mining operations and potential partnerships or joint ventures with other mining entities to develop and commercialize its projects. Revenue is further influenced by factors such as gold market prices, operational efficiency, and successful exploration outcomes. TDG Gold may also engage in contractual agreements with other firms for exploration or mining rights, contributing additional income.

TDG Gold Financial Statement Overview

Summary

Overall fundamentals are weak: revenue is effectively nonexistent (TTM revenue 0) with sizable and persistent losses (TTM net loss ~15.0M; EBIT ~-18.8M) and negative gross profit. The main offset is a strong, low-leverage balance sheet (debt-to-equity near zero; equity ~67.7M on assets ~79.0M), but ongoing negative operating/free cash flow (TTM OCF and FCF ~-15.7M) raises funding risk.

Income Statement

Profitability remains very weak. Across both annual periods and TTM (Trailing-Twelve-Months), revenue is effectively nonexistent (TTM revenue is 0), while losses are sizable (TTM net loss of about 15.0M vs ~7.0M loss in FY2025 and ~4.6M in FY2024). Gross profit is consistently negative, and operating losses are large (TTM EBIT around -18.8M), indicating the cost base is not supported by current revenue generation. The only relative positive is that losses have fluctuated year-to-year rather than moving in a steady deterioration, but overall earnings quality is poor given persistent and material deficits.

Balance Sheet

The balance sheet is a clear strength, primarily due to extremely low leverage. Total debt is minimal relative to equity (TTM debt-to-equity near zero), and equity is substantial versus assets (TTM equity ~67.7M on assets ~79.0M), providing a sizable capital cushion. The key weakness is returns: equity is not generating profits (TTM return on equity is deeply negative), reflecting ongoing losses rather than balance sheet stress.

Cash Flow

Cash flow is pressured by persistent cash burn. Operating cash flow and free cash flow are negative in every period shown, including TTM (operating cash flow about -15.7M; free cash flow about -15.7M), with the TTM burn notably worse than the most recent annual figure (FY2025 operating cash flow about -5.7M). A partial offset is that free cash flow has generally tracked net losses (free cash flow to net income near ~1.0), suggesting cash burn is largely consistent with reported losses, but the magnitude of outflows still raises ongoing funding risk if conditions do not improve.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	2.63K	0.00	0.00	0.00
Gross Profit	-117.20K	-129.72K	-98.20K	-52.83K	-12.55K
EBITDA	-6.78M	-4.46M	-6.61M	-11.49M	-4.48M
Net Income	-6.96M	-4.59M	-6.71M	-11.55M	-4.83M
Balance Sheet
Total Assets	87.02M	9.15M	9.13M	15.51M	12.32M
Cash, Cash Equivalents and Short-Term Investments	40.68M	714.71K	1.59M	6.96M	4.81M
Total Debt	17.66K	16.56K	15.92K	47.21K	0.00
Total Liabilities	11.98M	1.69M	2.13M	4.13M	2.41M
Stockholders Equity	75.04M	7.46M	7.00M	11.38M	9.91M
Cash Flow
Free Cash Flow	-5.79M	-5.61M	-8.71M	-13.07M	-3.36M
Operating Cash Flow	-5.75M	-5.51M	-8.59M	-13.07M	-3.09M
Investing Cash Flow	1.10M	-200.00K	260.68K	-851.43K	-482.04K
Financing Cash Flow	44.61M	4.83M	2.96M	16.07M	6.56M

TDG Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TDG, the sentiment is Negative. The current price of 0.95 is above the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.92, and above the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 33.09 is Neutral, neither overbought nor oversold. The STOCH value of 8.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TDG.

TDG 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%
SAU	52 Neutral	C$507.89M	-123.08	-1.60%	―	―	―
DBG	50 Neutral	C$274.82M	-108.16	-5.12%	―	―	47.32%
TSK	49 Neutral	C$337.76M	-10.62	-319.01%	―	―	30.83%
FURY	49 Neutral	C$184.71M	-1.27	-82.29%	―	―	-683.46%
SLG	46 Neutral	C$195.17M	-284.44	-14.39%	―	―	―
TDG	43 Neutral	C$225.05M	-11.68	-40.36%	―	―	-109.66%

TDG Gold Corporate Events

TDG Gold Extends Aurora West Mineralization and Uncovers New Porphyry Target in B.C.

TDG Gold Corp. reported remaining results from its 2025 Phase I and Phase II drilling at the Aurora West Zone within the Greater Shasta–Newberry Project, confirming that mineralization now extends over roughly 1,000 metres of strike and to greater depths. A key step-out hole (TDG25-020) significantly expanded the known mineralized footprint with broad intervals of gold and copper, while earlier drilling (TDG25-012) had already delivered strong grades over substantial widths, highlighting both the size and continuity of the system despite localized grade dilution from late-stage dykes. The company also announced discovery of a new zone of interpreted porphyry-style alteration about 600 metres north of Aurora West, with anomalous gold and copper and strong quartz-sericite-pyrite alteration, suggesting the Aurora Complex may be part of a much larger porphyry system. Together, the expansion of Aurora West and the new porphyry target reinforce the district-scale potential of the GSN Project and support TDG’s view that the area could underpin long-term regional mining and development plans as follow-up drilling further defines the geometry and extent of these systems.

The most recent analyst rating on (TSE:TDG) stock is a Hold with a C$0.73 price target. To see the full list of analyst forecasts on TDG Gold stock, see the TSE:TDG Stock Forecast page.

TDG Gold Grants 400,000 Incentive Stock Options to Directors and Consultants

TDG Gold Corp. has granted a total of 400,000 incentive stock options to its directors and consultants under its shareholder-approved stock option plan. The options are exercisable over five years at an exercise price of $0.92 per share and will vest 25% immediately upon grant and 25% on each anniversary thereafter, aligning management and consultant incentives with shareholder interests through long-term equity participation.

The most recent analyst rating on (TSE:TDG) stock is a Hold with a C$0.93 price target. To see the full list of analyst forecasts on TDG Gold stock, see the TSE:TDG Stock Forecast page.

TDG Gold Extends Aurora West Mineralization and Ramps Up 2026 Drilling at Greater Shasta-Newberry

TDG Gold Corp. reported new Phase I drilling results from the Aurora West Zone at its Greater Shasta-Newberry project, with drill hole TDG25-013 intersecting 1.25 g/t gold, 2.2 g/t silver and 0.33% copper over 128.7 metres, extending known mineralization a further 100 metres south along the property boundary. The company also identified visually similar sulphide mineralization in step-out hole TDG25-020 about 500 metres north-northwest of the current Aurora West footprint and confirmed that mobilization for its 2026 winter drilling program is on schedule, with work set to focus on completing paused holes, further expanding Aurora West, testing the broader Aurora Complex, and probing extensions to the near-surface Shasta resource, underscoring growing scale potential for the district and continued results-driven exploration momentum.

The most recent analyst rating on (TSE:TDG) stock is a Hold with a C$0.98 price target. To see the full list of analyst forecasts on TDG Gold stock, see the TSE:TDG Stock Forecast page.

TDG Gold Corp. Reports Transformational Year and Plans for Continued Growth in 2026

TDG Gold Corp. has reported significant achievements in 2025, including a 600% increase in share price driven by exploration success at Aurora West and the acquisition of the Anyox Copper Project. The company has strengthened its financial position with a C$28.75 million financing and plans to continue its aggressive exploration strategy into 2026, focusing on high-impact programs and resource expansion at Shasta.

TDG Gold Extends Mineralization at Aurora West Zone

TDG Gold Corp. has announced significant progress in its Phase I drilling program at the Aurora West Zone within the Greater Shasta-Newberry project. The latest results have extended the mineralization 150 meters west of the property boundary, with notable intersections including 1.26 g/t gold, 0.29% copper over 82.3 meters. This expansion demonstrates the potential scale and continuity of the mineralization, with further drilling planned to explore untested areas. These developments highlight TDG’s strategic positioning in the mining sector and potential implications for stakeholders as the company continues to delineate its resource base.