Pasofino Gold (VEIN) AI Stock Analysis

• Market Cap: C$90.62M
• Dividend Yield: N/A
• Average Volume (3M): 171.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.02
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 151,034,590
• 10 Day Avg. Volume: 181,871
• 30 Day Avg. Volume: 171,122
• PEG Ratio: >-0.01
• Price to Book (P/B): -3.51
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.51
• 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: 44 Neutral
• Price Target: C$0.54 ▼(-3.04% Downside)

The score is primarily held back by weak financial performance (no revenue, persistent losses, negative equity, and ongoing cash burn). Technical indicators also point to bearish momentum (negative MACD, below key moving averages, low RSI), while valuation signals are limited by the negative P/E and lack of dividend yield.

Pasofino Gold Business Overview & Revenue Model

Company Description

Pasofino Gold Limited engages in the acquisition, exploration, and development of mineral properties. It has an option to acquire 49% interest in the Dugbe gold project covering an area of 2,559 square kilometers situated in southern Liberia. The company was formerly known as Enforcer Gold Corp. and changed its name to Pasofino Gold Limited in October 2019. Pasofino Gold Limited was incorporated in 2010 and is headquartered in Toronto, Canada.

How the Company Makes Money

Pasofino Gold Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-6.10K	-94.02K	0.00	-20.21K	-20.21K	-5.05K
EBITDA	-7.85M	-9.13M	-2.90M	-15.61M	-1.22M	-45.92M
Net Income	-18.65M	-21.05M	-25.45M	-15.63M	-3.08M	-45.86M
Balance Sheet
Total Assets	12.37M	895.95K	2.13M	2.05M	1.32M	2.83M
Cash, Cash Equivalents and Short-Term Investments	12.07M	482.55K	1.59M	1.87M	48.38K	1.93M
Total Debt	0.00	0.00	0.00	0.00	52.15M	0.00
Total Liabilities	26.86M	27.88M	14.04M	1.62M	62.44M	5.05M
Stockholders Equity	-14.49M	-26.98M	-11.90M	432.55K	-61.12M	-2.22M
Cash Flow
Free Cash Flow	-7.00M	-4.52M	-2.14M	-13.51M	-624.34K	-12.78M
Operating Cash Flow	-6.97M	-4.52M	-2.14M	-13.51M	-624.34K	-12.71M
Investing Cash Flow	-26.15K	0.00	606.08K	430.66K	0.00	-2.95M
Financing Cash Flow	16.39M	3.41M	3.06M	13.02M	624.13K	17.47M

Pasofino 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%
GWM	56 Neutral	C$83.43M	-8.51	-63.27%	―	―	-68.53%
SGN	54 Neutral	C$93.15M	-2.83	-62.60%	―	―	-57.61%
FMAN	54 Neutral	C$83.06M	-15.88	-11.02%	―	―	-58.88%
TECT	48 Neutral	C$94.76M	-3.63	-174.89%	―	―	-48.84%
VEIN	44 Neutral	C$90.62M	-3.82	―	―	―	―

Pasofino Gold Corporate Events

Pasofino Gold Faces Liberian Default Claims on Dugbe Project Agreement

Pasofino Gold has received a notice from the Government of Liberia alleging that the company has failed to meet several obligations under its Mineral Development Agreement for the Dugbe Gold Project, including payment and project-activity deadlines, some of which fell during the COVID-19 period. The company plans to meet Liberian officials in January 2026 to clarify the alleged defaults, agree remedial steps and, where necessary, secure funding support from controlling shareholder Mansa Resources to address financial remedies, while working within contractual timelines that give Pasofino a limited window to contest the allegations, cure any breaches and avoid potential termination of the agreement, a process that could materially affect the project’s development path and stakeholder interests but is ultimately backed by consultation and arbitration mechanisms if disputes persist.

Pasofino Gold Secures Shareholder Approval and Advances Dugbe Project

Pasofino Gold Limited announced that all proposals were approved at its annual general and special meeting, including the re-appointment of auditors, election of directors, and re-approval of the long-term incentive plan. The company is advancing its Dugbe Gold Project in Liberia, with plans to update the feasibility study to support project financing and commence construction in 2026, aiming to strengthen its position in the gold mining industry.

Pasofino Gold Secures C$12 Million in Private Placement to Advance Dugbe Project

Pasofino Gold Limited has successfully closed a non-brokered private placement, raising C$12.0 million through the issuance of 24,000,000 units, each comprising one common share and one warrant. The funds will be used to update the feasibility study for the Dugbe Gold Project, repay debts to the Liberian government, and for general working capital. The participation of insiders, including the company’s controlling shareholder, highlights strong internal support, with insiders contributing 54.2% of the total offering. This strategic financial move positions Pasofino to better align with current gold prices and project costs, potentially enhancing its market position.

Pasofino Gold Announces AGM Details Amid Postal Strike

Pasofino Gold Limited has announced details of its upcoming annual general and special meeting scheduled for October 28, 2025, in Toronto. Due to a Canada Post mail strike, the company is providing alternative methods for shareholders to vote on key agenda items, including financial statements, auditor appointments, and the election of directors. The company encourages shareholders to access meeting materials online and vote electronically or by phone to ensure participation despite postal delays.