West Mining Corp. (TSE:WEST)
:WEST
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West Mining Corp.
(WEST)
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Rating:42Neutral
Price Target:
C$0.04
▼(-46.25% Downside)
Action:Reiterated
Date:06/20/26
The score is held down primarily by pre-revenue financials with ongoing losses and persistent cash burn, implying continued funding/dilution risk. Technicals are also weak with a clear downtrend and very oversold momentum. Valuation does not offset these risks due to negative earnings and no dividend support.
Positive Factors
Low leverage / conservative balance sheet
Low to no debt materially reduces financial risk for an exploration company that needs optionality. This conserves borrowing capacity, lowers fixed interest obligations, and gives management flexibility to pursue farm-outs, JV deals or staged project spending without immediate solvency pressure.
Negative Factors
No revenue and persistent net losses
Absence of commercial revenue means the company remains pre-revenue and dependent on external financing. Persistent operating and net losses erode shareholder value over time and limit reinvestment capacity, making long-term project advancement contingent on continued funding or partner arrangements.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Low to no debt materially reduces financial risk for an exploration company that needs optionality. This conserves borrowing capacity, lowers fixed interest obligations, and gives management flexibility to pursue farm-outs, JV deals or staged project spending without immediate solvency pressure.
Read all positive factors
West Mining Corp. (WEST) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.23M
Dividend YieldN/A
Average Volume (3M)69.09K
Price to Earnings (P/E)―
Beta (1Y)2.22
Revenue GrowthN/A
EPS Growth92.19%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding44,539,060
10 Day Avg. Volume70,321
30 Day Avg. Volume69,086
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.15
Price to Sales (P/S)0.00
P/FCF Ratio-1.89
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)-0.1
Revenue Forecast (FY)N/A
West Mining Corp. Business Overview & Revenue Model
Company Description
Operating across Canada with its subsidiaries, West Mining Corp. is a mineral exploration enterprise primarily focused on gold discovery. Its cornerstone asset is the wholly-owned Kena gold-copper project, a sprawling 9,000-hectare venture. This s...
How the Company Makes Money
West Mining Corp. generates revenue primarily through the exploration and development of mineral deposits, aiming to monetize its assets by either extracting and selling minerals such as gold and copper or by selling or joint-venturing their minin...
West Mining Corp. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 158.28K | -738.51K | -5.13M | -922.36K | -2.29M | -6.71M |
| Net Income | -452.99K | -1.34M | -5.14M | -1.13M | -3.06M | -6.72M |
Balance Sheet | ||||||
| Total Assets | 6.30M | 5.27M | 6.30M | 8.60M | 9.47M | 12.23M |
| Cash, Cash Equivalents and Short-Term Investments | 2.35M | 21.22K | 52.38K | 21.16K | 713.75K | 3.49M |
| Total Debt | 0.00 | 0.00 | 53.75K | 51.28K | 0.00 | 0.00 |
| Total Liabilities | 228.66K | 424.82K | 241.24K | 271.53K | 21.25K | 349.62K |
| Stockholders Equity | 6.07M | 4.85M | 6.05M | 8.33M | 9.45M | 11.88M |
Cash Flow | ||||||
| Free Cash Flow | -836.10K | -374.57K | -1.50M | -600.87K | -2.70M | -7.65M |
| Operating Cash Flow | -836.10K | -374.57K | -1.37M | -600.87K | -1.68M | -4.63M |
| Investing Cash Flow | 304.52K | 379.92K | -127.53K | -129.01K | -1.07M | -3.02M |
| Financing Cash Flow | 582.97K | -53.75K | 1.54M | 51.28K | 0.00 | 10.89M |
West Mining Corp. Technical Analysis
Neutral
0.08
Price Trends
0.06
Negative
0.07
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
39.75
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WEST, the sentiment is Neutral. The current price of 0.08 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.75 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:WEST.
West Mining Corp. 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% | |
49 Neutral | C$3.49M | 10.71 | 17.69% | ― | ― | ― | |
45 Neutral | C$553.23K | -1.92 | ― | ― | ― | -4.00% | |
42 Neutral | C$2.23M | -2.27 | -24.18% | ― | ― | 92.19% | |
| ― | C$1.51M | -1.49 | -13.93% | ― | ― | 31.85% | |
41 Neutral | C$5.20M | -4.46 | -521.38% | ― | ― | 96.24% | |
| ― | C$1.53M | -1.44 | ― | ― | ― | ― |
* Basic Materials Sector Average
TSE:WEST
West Mining Corp.
0.05
0.02
66.67%
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Aurwest Resources
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Edison Lithium
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0.01
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TSE:MEDA
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57.14%
West Mining Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
West Mining Pays Canaccord in Shares for Advisory Services
Neutral
Apr 7, 2026
West Mining Corp., a Vancouver-based mineral exploration company focused on copper, gold and silver projects in British Columbia, is advancing work on its 100%-owned Junkers and Spanish Mountain West properties while retaining exposure to its Kena...
Business Operations and StrategyM&A Transactions
West Mining Moves to Acquire Quebec Project and Hires Canaccord as Adviser
Positive
Apr 1, 2026
West Mining Corp. has signed a non-binding letter of intent to secure an option on a mineral exploration project in central Quebec, expanding its footprint beyond British Columbia. The deal would see the company issue up to 7,000,000 common shares...
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.