Pasofino Gold (TSE:VEIN)
:VEIN
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Pasofino Gold
(VEIN)
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Rating:51Neutral
Price Target:
C$0.89
▲(59.64% Upside)
Action:ReiteratedDate:03/27/26
The score is held back primarily by weak financial fundamentals (no revenue, losses, cash burn, and negative equity). Technicals are relatively supportive with price above major moving averages and positive momentum indicators, but valuation remains constrained by unprofitability and no dividend support.
Positive Factors
Asset buildup / recent capital inflows
Reported asset growth (TTM ~$10.3M vs < $1M prior) indicates recent capital injections or asset recognition that provide tangible resources for exploration and project advancement. This increases available funding for studies and development, supporting near-term project optionality and execution capacity.
Negative Factors
No revenue / pre-production status
Pasofino remains pre‑production with no operating revenue, meaning it cannot generate self‑funding cash flows. Long lead times to production amplify execution, permitting and commodity-price risks; the business outcome hinges on successful project development rather than current operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset buildup / recent capital inflows
Reported asset growth (TTM ~$10.3M vs < $1M prior) indicates recent capital injections or asset recognition that provide tangible resources for exploration and project advancement. This increases available funding for studies and development, supporting near-term project optionality and execution capacity.
Read all positive factors
Pasofino Gold (VEIN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$135.96M
Dividend YieldN/A
Average Volume (3M)171.12K
Price to Earnings (P/E)―
Beta (1Y)-0.28
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees55
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding152,764,600
10 Day Avg. Volume181,871
30 Day Avg. Volume171,122
Financial Highlights & Ratios
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 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)-0.11
Revenue Forecast (FY)N/A
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 ...
How the Company Makes Money
null...
Pasofino Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
24
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2020 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.47K | -94.02K | 0.00 | -20.21K | -5.05K | 0.00 |
| EBITDA | -10.79M | -9.13M | -2.90M | -1.22M | -45.92M | -327.06K |
| Net Income | -8.34M | -21.05M | -25.45M | -3.08M | -45.86M | -339.70K |
Balance Sheet | ||||||
| Total Assets | 10.31M | 895.95K | 2.13M | 1.32M | 2.83M | 151.75K |
| Cash, Cash Equivalents and Short-Term Investments | 9.29M | 482.55K | 1.59M | 48.38K | 1.93M | 119.23K |
| Total Debt | 5.43M | 0.00 | 0.00 | 52.15M | 0.00 | 0.00 |
| Total Liabilities | 28.51M | 27.88M | 14.04M | 62.44M | 5.05M | 197.53K |
| Stockholders Equity | -18.20M | -26.98M | -11.90M | -61.12M | -2.22M | -45.78K |
Cash Flow | ||||||
| Free Cash Flow | -13.60M | -4.52M | -2.14M | -624.34K | -12.78M | -472.68K |
| Operating Cash Flow | -13.37M | -4.52M | -2.14M | -624.34K | -12.71M | -472.68K |
| Investing Cash Flow | -236.38K | 0.00 | 606.08K | 0.00 | -2.95M | 0.00 |
| Financing Cash Flow | 21.90M | 3.41M | 3.06M | 624.13K | 17.47M | 445.30K |
Pasofino Gold 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% | |
56 Neutral | C$71.51M | -6.39 | -57.68% | ― | ― | -68.53% | |
52 Neutral | C$95.36M | -8.16 | -15.57% | ― | ― | -58.88% | |
51 Neutral | C$135.96M | -7.36 | ― | ― | ― | ― | |
49 Neutral | C$105.80M | 2.20 | -146.98% | ― | ― | -57.61% | |
46 Neutral | C$201.92M | -2.51 | -206.45% | ― | ― | -48.84% |
* Basic Materials Sector Average
TSE:VEIN
Pasofino Gold
0.89
0.44
95.60%
TSE:GWM
Galway Metals
0.66
0.29
78.38%
TSE:AGC
Valorem Resources
0.77
0.75
2980.00%
TSE:SGN
Scorpio Gold
0.35
0.26
288.89%
TSE:FMAN
Freeman Gold Corp
0.31
0.21
210.00%
TSE:TECT
Tectonic Metals
2.28
1.83
406.67%
Pasofino Gold Corporate Events
M&A TransactionsShareholder Meetings
Pasofino Gold Sets March Vote on C$0.90-a-Share Takeover by Mansa
Neutral
Feb 26, 2026
Pasofino Gold has begun mailing its management information circular and related materials to shareholders, optionholders and warrantholders ahead of a special meeting on March 31, 2026 in Toronto. The meeting will consider a statutory plan of arra...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Pasofino Gold Agrees to CAD$141.6 Million All-Cash Takeover by Mansa Resources
Positive
Jan 26, 2026
Pasofino Gold has agreed to be acquired by Mansa Resources Limited in an all-cash transaction valuing the company at approximately CAD$141.6 million, with Mansa’s wholly owned subsidiary offering CAD$0.90 per share for all outstanding shares...
Business Operations and StrategyLegal Proceedings
Pasofino Gold Faces Liberian Default Claims on Dugbe Project Agreement
Negative
Dec 29, 2025
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 deadline...
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.
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