American Pacific Mining (TSE:USGD)
:USGD
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American Pacific Mining
(USGD)
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Rating:48Neutral
Price Target:
C$0.22
▼(-9.17% Downside)
Action:ReiteratedDate:01/22/26
The score is held down primarily by weak financial performance (no revenue, ongoing cash burn, and poor earnings quality despite recent positive net income). Technicals provide some support with price above key moving averages and positive MACD, but valuation remains a headwind due to a high P/E and no dividend support.
Positive Factors
Balance Sheet Strength
Very low leverage and a meaningful equity base materially reduce financial distress risk and provide durable flexibility to fund near-term exploration or sustain operations. Debt declines from 2024 to TTM lower refinancing pressure, improving resilience over the next several months.
Negative Factors
No Operating Revenue
Absence of any operating revenue is a fundamental weakness: without recurring sales the firm cannot internally fund operating costs or investments. Over months this forces continual external financing, raises dilution risk, and undermines sustainable business model viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and a meaningful equity base materially reduce financial distress risk and provide durable flexibility to fund near-term exploration or sustain operations. Debt declines from 2024 to TTM lower refinancing pressure, improving resilience over the next several months.
Read all positive factors
American Pacific Mining (USGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$31.77M
Dividend YieldN/A
Average Volume (3M)232.45K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding219,088,060
10 Day Avg. Volume269,438
30 Day Avg. Volume232,451
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.92
Price to Sales (P/S)0.00
P/FCF Ratio-5.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
American Pacific Mining Business Overview & Revenue Model
Company Description
American Pacific Mining Corp., a gold exploration company, engages in the exploration and development of mineral properties in the Western United States. The company primarily explores for gold and silver deposits. It owns 100% interest in the Goo...
How the Company Makes Money
American Pacific Mining generates revenue primarily through the exploration and development of mining properties, which involves identifying sites with significant mineral deposits. The company makes money by selling these properties to larger min...
American Pacific Mining Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.10M | -36.38K | -22.76K | -21.52K | -2.03K | -2.52K |
| EBITDA | 3.56M | -7.96M | -14.33M | -10.07M | -2.68M | -2.57M |
| Net Income | 738.44K | 3.49M | -9.07M | -10.09M | -4.28M | -2.43M |
Balance Sheet | ||||||
| Total Assets | 39.92M | 52.81M | 41.25M | 42.96M | 28.69M | 11.86M |
| Cash, Cash Equivalents and Short-Term Investments | 2.27M | 12.35M | 2.86M | 6.04M | 15.09M | 2.39M |
| Total Debt | 88.50K | 2.49M | 1.22M | 123.91K | 0.00 | 0.00 |
| Total Liabilities | 2.06M | 4.11M | 2.14M | 1.02M | 620.58K | 149.30K |
| Stockholders Equity | 37.87M | 48.70M | 39.11M | 41.94M | 28.07M | 11.71M |
Cash Flow | ||||||
| Free Cash Flow | -8.48M | -8.00M | -14.67M | -8.29M | -3.62M | -1.80M |
| Operating Cash Flow | -8.36M | -7.45M | -13.93M | -8.06M | -2.74M | -1.78M |
| Investing Cash Flow | 9.27M | 8.88M | -955.05K | -703.65K | -673.76K | -119.86K |
| Financing Cash Flow | -2.37M | 7.54M | 11.73M | 88.05K | 16.97M | 2.93M |
American Pacific Mining Technical Analysis
Negative
0.24
Price Trends
0.20
Negative
0.20
Negative
0.21
Negative
Market Momentum
-0.01
Positive
33.72
Neutral
24.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:USGD, the sentiment is Negative. The current price of 0.24 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.20, and above the 200-day MA of 0.21, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.72 is Neutral, neither overbought nor oversold. The STOCH value of 24.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:USGD.
American Pacific Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$36.16M | -5.31 | -74.08% | ― | ― | 42.48% | |
49 Neutral | C$50.07M | -34.62 | -7.05% | ― | ― | -52.00% | |
48 Neutral | C$31.77M | -2.59 | 1.86% | ― | ― | ― | |
48 Neutral | C$29.61M | -5.80 | -44.14% | ― | ― | -268.72% | |
47 Neutral | C$25.86M | -3.15 | -446.15% | ― | ― | -58.16% | |
45 Neutral | C$28.98M | -7.62 | -22.31% | ― | ― | -70.25% |
* Basic Materials Sector Average
TSE:USGD
American Pacific Mining
0.15
-0.04
-19.44%
TSE:BTR
BonTerra Resources
0.17
-0.04
-19.05%
TSE:JG
Japan Gold
0.10
-0.04
-30.00%
TSE:BAU
Blue Star Gold Corp
0.19
0.08
85.00%
TSE:CANX
CANEX Metals
0.24
0.18
300.00%
TSE:KALO
Kalo Gold Holdings
0.22
-0.04
-15.38%
American Pacific Mining Corporate Events
Business Operations and Strategy
American Pacific Sees U.S. ‘Project Vault’ Boosting Strategic Value of Madison Copper-Gold Project
Positive
Feb 3, 2026
American Pacific Mining is highlighting the potential strategic importance of its Madison Copper-Gold Project in Montana following the launch of the U.S. government’s US$12 billion “Project Vault” critical minerals reserve, which...
Business Operations and Strategy
American Pacific Sees US ‘Project Vault’ as Catalyst for Madison Copper-Gold Project
Positive
Feb 3, 2026
American Pacific Mining is highlighting how the newly announced US government “Project Vault” strategic critical minerals reserve could enhance the strategic and economic potential of its Madison Copper-Gold Project in Montana. The Tru...
Business Operations and StrategyM&A TransactionsShareholder Meetings
American Pacific Sets Shareholder Vote on Sale of Tuscarora and Danny Boy Projects to ICG
Positive
Jan 27, 2026
American Pacific Mining has mailed its management information circular and proxy materials to shareholders ahead of its annual general and special meeting on February 25, 2026, where investors will vote on a court-approved plan of arrangement with...
Business Operations and StrategyPrivate Placements and Financing
American Pacific Mining Launches $7.5 Million Non-Brokered Financing for Madison Project
Positive
Jan 20, 2026
American Pacific Mining Corp. has launched a non-brokered private placement of up to 34,090,909 units at $0.22 per unit to raise as much as $7.5 million, with each unit comprising one common share and one-half warrant exercisable at $0.32 for thre...
Business Operations and StrategyM&A TransactionsShareholder Meetings
American Pacific Advances ICG Spin-Out Deal and Settles Employee Liabilities with Shares
Positive
Jan 12, 2026
American Pacific Mining has outlined terms of its planned arrangement with ICG Silver Gold Ltd., under which it will sell its Tuscarora and Danny Boy projects in exchange for 11.5 million ICG shares and a contingent US$5 million payment tied to c...
Business Operations and StrategyRegulatory Filings and Compliance
American Pacific Updates Technical Report on Nevada Gooseberry Silver-Gold Project
Positive
Jan 6, 2026
American Pacific Mining has filed an updated NI 43-101 technical report for its 100%-owned, past-producing Gooseberry silver-gold project in Storey County, Nevada, a low-sulphidation epithermal vein system that historically operated as an undergro...
Business Operations and StrategyPrivate Placements and Financing
American Pacific to Issue Shares to Settle Liabilities with Former Employees
Neutral
Dec 26, 2025
American Pacific Mining will issue 1,281,722 common shares at a deemed price of $0.175 per share to three former employees in settlement of employment-related liabilities totaling approximately $224,300, with closing expected around January 5, 202...
Business Operations and StrategyM&A Transactions
American Pacific Mining Sells Tuscarora District to ICG Silver & Gold
Positive
Dec 8, 2025
American Pacific Mining Corp has entered into an arrangement agreement to sell its Tuscarora and Danny Boy projects to ICG Silver Gold Ltd. This transaction, valued at approximately $4 million in ICG equity, allows American Pacific to focus on it...
Business Operations and StrategyM&A Transactions
American Pacific Sells Palmer Project to Vizsla Copper for $15 Million
Positive
Dec 5, 2025
American Pacific Mining Corp. has completed the sale of its Palmer Copper-Zinc VMS Project in Alaska to Vizsla Copper Corp. for $15 million in equity, with potential milestone payments of up to $15 million. This transaction provides American Pacif...
Business Operations and Strategy
American Pacific Mining Expands Strategic Land Holdings at Madison Project
Positive
Nov 20, 2025
American Pacific Mining Corp. has strategically staked nine new claims at its Madison Copper-Gold Project in Montana, securing valuable land control rights adjacent to historic mines. This move positions the company for potential discovery and min...
Business Operations and Strategy
American Pacific Expands Strategic Claims at Madison Project
Positive
Nov 20, 2025
American Pacific Mining Corp. has strategically amended and staked nine new claims at its Madison Copper-Gold Project in Montana, securing valuable land control rights adjacent to historic mines. This move positions the company for potential disco...
Business Operations and StrategyM&A Transactions
American Pacific Sells Palmer Project to Vizsla Copper for $15 Million
Positive
Nov 13, 2025
American Pacific Mining Corp. has announced the sale of its Palmer Copper-Zinc VMS Project in southeast Alaska to Vizsla Copper Corp. for $15 million in equity, with potential additional milestone payments of up to $15 million. This strategic move...
Business Operations and Strategy
Copper’s Inclusion in US Critical Minerals List Boosts American Pacific Mining
Positive
Nov 6, 2025
The addition of copper to the U.S. Geological Survey’s 2025 list of critical minerals is a significant development for American Pacific Mining Corp., as it highlights increased governmental support for domestic copper projects. This move is ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.