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Visible Gold Mines Inc (TSE:VGD)
:VGD

Visible Gold Mines (VGD) AI Stock Analysis

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Visible Gold Mines

(VGD)

Rating:27Underperform
Price Target:
Visible Gold Mines' stock is severely impacted by its poor financial performance, which is the most heavily weighted factor. Persistent operational losses and financial instability are compounded by a bearish technical outlook and poor valuation due to negative profitability metrics. The absence of earnings call insights and corporate events does not offer any offsetting positives.

Visible Gold Mines (VGD) vs. iShares MSCI Canada ETF (EWC)

Visible Gold Mines Business Overview & Revenue Model

Company DescriptionVisible Gold Mines (VGD) is a Canadian-based mining company primarily engaged in the exploration and development of gold deposits. The company operates within the natural resources sector, focusing on identifying and developing high-quality gold assets in prolific mining regions of Quebec, Canada. VGD's core activities include the acquisition, exploration, and advancement of mineral properties, with a strategic emphasis on maximizing shareholder value through the discovery of economically viable gold resources.
How the Company Makes MoneyVisible 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
Visible Gold Mines exhibits severe financial challenges across all verticals. The absence of revenue and consistent losses highlight ongoing operational issues. The balance sheet shows significant financial instability with negative equity and high leverage. Cash flow difficulties further underline liquidity risks, making the company's financial position precarious.
Income Statement
10
Very Negative
Visible Gold Mines has shown consistent losses with no revenue. The gross profit margin and net profit margin are negative, indicating an inability to generate profits. The absence of revenue growth further exemplifies the company's financial struggles, with EBIT and EBITDA margins also reflecting significant operational inefficiencies.
Balance Sheet
20
Very Negative
The balance sheet is weak with negative stockholders' equity, indicating liabilities exceed assets. The company has a high debt-to-equity ratio due to negative equity, which could imply potential solvency issues. The equity ratio is negative, suggesting financial instability. However, the company has managed to maintain some level of cash, which is a minor positive aspect.
Cash Flow
15
Very Negative
Negative operating and free cash flows illustrate difficulties in generating cash from operations. The free cash flow to net income ratio is negative, showing cash flow challenges. The operating cash flow to net income ratio indicates inefficient cash management. Overall, cash flow management appears weak, posing liquidity risks.
BreakdownTTMSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-18.40K0.00-4.67K-8.18K-4.57K-4.00K
EBITDA-761.51K-377.53K-890.79K-4.08M-777.39K-200.73K
Net Income-793.13K-702.03K-896.03K-4.09M-781.97K-315.14K
Balance Sheet
Total Assets186.03K233.86K796.95K1.48M5.48M5.20M
Cash, Cash Equivalents and Short-Term Investments25.29K33.61K22.44K173.54K333.25K20.07K
Total Debt66.51K74.89K90.76K0.000.000.00
Total Liabilities463.15K426.78K255.41K118.59K44.61K401.41K
Stockholders Equity-277.12K-192.92K541.53K1.36M5.43M4.80M
Cash Flow
Free Cash Flow-237.18K-125.34K-457.77K-354.78K-708.28K44.19K
Operating Cash Flow-237.18K-125.34K-342.68K-299.06K-624.03K61.68K
Investing Cash Flow103.26K152.82K-43.45K139.35K-43.66K-101.66K
Financing Cash Flow135.60K-15.86K235.03K0.00980.88K0.00

Visible Gold Mines Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.07
Price Trends
50DMA
0.08
Negative
100DMA
0.08
Negative
200DMA
0.08
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
35.81
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.81 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VGD.

Visible Gold Mines Peers Comparison

Overall Rating
UnderperformOutperform
Sector (70)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSKNT
77
Outperform
C$3.70B14.3339.28%105.06%481.75%
TSSSL
73
Outperform
$3.76B93.912.05%0.63%6.23%36.40%
70
Neutral
¥173.39B11.066.37%3.55%3.93%6.03%
MUMUX
60
Neutral
$593.86M3.61-6.15%-2.18%-137.21%
TSGQC
50
Neutral
C$258.51M-30.68%
TSSGN
38
Underperform
C$47.59M-621.49%61.00%
TSVGD
27
Underperform
C$2.53M-1265.07%9.68%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:VGD
Visible Gold Mines
0.07
>-0.01
-12.50%
MUX
McEwen Mining
10.99
0.88
8.70%
TSE:SSL
Sandstorm Gold
12.80
5.16
67.58%
TSE:GQC
GoldQuest Mining
0.84
0.64
320.00%
TSE:KNT
K92 Mining
15.03
6.97
86.48%
TSE:SGN
Scorpio Gold
0.22
0.11
100.00%

Visible Gold Mines Corporate Events

Delistings and Listing ChangesBusiness Operations and StrategyRegulatory Filings and Compliance
Visible Gold Mines Secures Extension for Share Purchase Warrants
Neutral
Apr 2, 2025

Visible Gold Mines Inc. announced that the TSX Venture Exchange has approved a three-year extension for 1,250,000 common share purchase warrants initially issued in April 2023. This extension, which now allows the warrants to be exercised until April 2028, was unanimously approved by the company’s board, excluding the non-independent director, Martin Dallaire, who holds a significant number of these warrants. The extension is considered a related party transaction but is exempt from certain regulatory requirements, and it aims to benefit the company’s strategic interests without altering Mr. Dallaire’s holdings.

Executive/Board ChangesShareholder Meetings
Visible Gold Mines Announces Shareholder Meeting Results and Stock Option Grants
Neutral
Mar 3, 2025

Visible Gold Mines Inc. announced the results of its annual and special meeting of shareholders, where Martin Dallaire, Sylvain Champagne, Pierre Vézina, and Joel Gagné were elected as directors. Martin Dallaire was re-appointed as President and CEO, and Sylvain Champagne as Secretary and CFO. Shareholders approved the corporation’s stock option plan and re-appointed Raymond Chabot Grant Thornton LLP as auditors. The board granted stock options for 475,000 common shares to directors and officers, with an exercise price of $0.10, higher than the recent closing price, set to expire in 2035.

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.Date of analysis: Apr 30, 2025