Visible Gold Mines (VGD) AI Stock Analysis

• Market Cap: C$5.20M
• Dividend Yield: N/A
• Average Volume (3M): 47.33K
• Price to Earnings (P/E): 2.6
• Beta (1Y): 1.27
• Revenue Growth: N/A
• EPS Growth: 38.50%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 37,123,505
• 10 Day Avg. Volume: 77,207
• 30 Day Avg. Volume: 47,328
• PEG Ratio: 0.15
• Price to Book (P/B): -4.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.54
• 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: 54 Neutral
• Price Target: C$0.15 ▲(5.71% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses/cash burn, and negative equity indicating funding/dilution risk). Technicals are a relative positive with an uptrend and constructive momentum, while valuation is constrained by losses and no dividend. Recent corporate updates add some support via portfolio actions and planned exploration, but do not offset the financial risk.

Positive Factors

Strategic Warrant Extension

The extension of share purchase warrants provides the company with potential future capital and aligns with strategic interests, enhancing financial flexibility.

Leadership Stability

Re-appointment of key executives ensures leadership continuity, which is crucial for executing long-term strategic plans and maintaining investor confidence.

Stock Option Plan Approval

Approval of the stock option plan incentivizes management and aligns their interests with shareholders, potentially driving long-term company performance.

Negative Factors

Financial Instability

Negative equity and high leverage indicate potential solvency issues, limiting the company's ability to invest in growth and handle financial obligations.

Cash Flow Challenges

Inability to generate positive cash flow from operations poses liquidity risks, impacting the company's capacity to sustain operations and fund exploration activities.

Consistent Losses

Ongoing operational losses without revenue generation highlight significant financial struggles, threatening the company's long-term viability and growth prospects.

Visible Gold Mines Business Overview & Revenue Model

Company Description

Visible Gold Mines Inc. acquires and explores for gold mineral deposits in Canada. The company holds a 100% interest in the Cadillac project comprising 145 mining claims covering approximately 5,000 hectares located in west of Rouyn-Noranda, Québec; the Piko property covering 26 mining claims situated in Abitibi-Témiscamingue in Québec; and the Veronik gold property that consists of 78 mining claims located in southeast of Hecla's Casa Berardi gold mine. In addition, it holds interest in the Horsefly Property with 175 mining claims covering an area of 6,050 hectares located in the Druillettes and Gradis townships; the Doda project that consists of 25 mining claims covering an area of approximately 1,400 hectares located in Québec; the Dovercliff property, which consists of 3 mining claims located in the Rouyn-Noranda, Québec; and the Phooey Lake property, which include 75 mining claims located in the Chibougamau, Québec. The company also holds a 100% interest in the MegaLi Project consisting of 78 mining claims covering an area of 3,996 hectares; and the NataLi Project comprising of 107 mining claims covering an area of 5,667 hectares located in the region of James Bay, Québec. Visible Gold Mines Inc. was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

How the Company Makes Money

Visible Gold Mines makes money through the exploration and potential production of gold from its mineral properties. The company's revenue model is primarily driven by the successful discovery and development of gold assets, which can be monetized through various means such as selling the developed assets to larger mining companies, entering into joint ventures, or directly mining and selling the gold. Key revenue streams include proceeds from the sale of mineral rights, profits from joint ventures, and potential income from gold production if the company advances its projects to the mining stage. Significant partnerships with other mining companies or investors can provide capital and technological expertise, further enhancing VGD's ability to explore and develop its properties successfully.

Visible Gold Mines Financial Statement Overview

Summary

Pre-revenue with persistent losses and ongoing cash burn. While net losses improved versus the 2022 peak, the shift to negative equity and continued negative operating/free cash flow signals elevated funding/dilution risk.

Income Statement

The company reports no revenue across all periods provided, and profitability is consistently negative. Losses improved meaningfully from 2022 (net loss of ~4.1M) to 2023–2025 (net losses roughly ~0.45M–0.90M), but results remain firmly loss-making with negative gross profit in several years—typical of an early-stage explorer, but still a weak earnings profile.

Balance Sheet

The balance sheet has deteriorated sharply: stockholders’ equity moved from positive in 2023 (~542K) to deeply negative in 2024 (~-193K) and 2025 (~-536K), which is a key solvency red flag. Debt levels are not large in absolute dollars (about ~58K in 2025), but negative equity makes leverage risk harder to assess and reduces financial flexibility.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow negative in 2021–2025, indicating ongoing cash burn to fund operations. While 2020 showed positive operating cash flow and free cash flow, the trend since then is unfavorable, and the latest year also shows a steep decline in free cash flow versus the prior year—raising reliance on external financing.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-18.40K	0.00	-4.67K	-8.18K	-4.57K
EBITDA	-430.30K	-377.53K	-890.79K	-4.08M	-777.39K
Net Income	-453.73K	-702.03K	-896.03K	-4.09M	-781.97K
Balance Sheet
Total Assets	142.40K	233.86K	796.95K	1.48M	5.48M
Cash, Cash Equivalents and Short-Term Investments	16.39K	33.61K	22.44K	173.54K	333.25K
Total Debt	57.80K	74.89K	90.76K	0.00	0.00
Total Liabilities	678.04K	426.78K	255.41K	118.59K	44.61K
Stockholders Equity	-535.64K	-192.92K	541.53K	1.36M	5.43M
Cash Flow
Free Cash Flow	-138.22K	-125.34K	-457.77K	-354.78K	-708.28K
Operating Cash Flow	-138.22K	-125.34K	-342.68K	-299.06K	-624.03K
Investing Cash Flow	0.00	152.82K	-43.45K	139.35K	-43.66K
Financing Cash Flow	121.00K	-15.86K	235.03K	0.00	980.88K

Visible Gold Mines Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.19 is Neutral, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VGD.

Visible Gold Mines 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%
VGD	54 Neutral	C$5.20M	2.57	―	―	―	38.50%
NVX	47 Neutral	C$5.32M	-2.39	-50.32%	―	―	-40.12%
KGC	42 Neutral	C$5.33M	-21.74	-22.19%	―	―	-4.55%
EDGM	42 Neutral	C$4.97M	-13.64	-13.58%	―	―	-50.00%
MCL	36 Underperform	C$4.56M	-10.42	―	―	―	34.48%

Visible Gold Mines Corporate Events

Visible Gold Mines Announces Strategic Updates and 2025 Exploration Plans

Visible Gold Mines Inc. has announced a series of strategic updates, including the sale of exploration projects to Fokus Mining Corporation, receiving cash and shares as part of the transaction. The company is also refreshing its website to better showcase its gold projects and plans to enhance marketing efforts to attract investors. CEO Martin Dallaire has increased his stake in the company, signaling confidence in its future. On the exploration front, Visible Gold Mines is focusing on its Horsefly and Veronik gold properties with planned prospecting and drilling programs, while its lithium projects face challenges due to difficult financing conditions.