West Mining Corp. (TSE:WEST)
:WEST
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West Mining Corp.
(WEST)
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Rating:42Neutral
Price Target:
C$0.06
▼(-27.50% Downside)
Action:ReiteratedDate:03/26/26
The score is primarily held down by financial fundamentals: the company is pre-revenue with persistent losses and negative free cash flow despite improvement and low leverage. Technical indicators also lean bearish with price below key moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects ongoing losses and there is no dividend yield.
Positive Factors
Very low leverage
Near-zero debt materially reduces financial distress risk and preserves strategic optionality for an exploration firm. Over a 2–6 month horizon this durable balance sheet strength improves flexibility to negotiate joint ventures, staged farm-ins, or opportunistic asset sales without urgent debt refinancing pressure.
Negative Factors
Pre-revenue status
Being pre-revenue is a central, durable constraint: without operating revenue there are no sustainable margins and cash generation depends on successful resource discoveries or asset sales. This fundamental state means business viability hinges on exploration outcomes or external financing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Near-zero debt materially reduces financial distress risk and preserves strategic optionality for an exploration firm. Over a 2–6 month horizon this durable balance sheet strength improves flexibility to negotiate joint ventures, staged farm-ins, or opportunistic asset sales without urgent debt refinancing pressure.
Read all positive factors
West Mining Corp. (WEST) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.38M
Dividend YieldN/A
Average Volume (3M)69.09K
Price to Earnings (P/E)3.0
Beta (1Y)2.36
Revenue GrowthN/A
EPS Growth-94.95%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding36,539,060
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
West Mining Corp., together with its subsidiaries, operates as a mineral exploration company in Canada. It explores primarily for gold. Its flagship project is the 100% owned 9000-hectare Kena gold-copper project, which consists of the Kena, Dayli...
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
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -738.51K | -5.13M | -922.36K | -2.29M | -6.93M |
| Net Income | -1.34M | -5.14M | -1.13M | -3.06M | -6.72M |
Balance Sheet | |||||
| Total Assets | 5.27M | 6.30M | 8.60M | 9.47M | 12.23M |
| Cash, Cash Equivalents and Short-Term Investments | 21.22K | 52.38K | 21.16K | 713.75K | 3.49M |
| Total Debt | 0.00 | 53.75K | 51.28K | 0.00 | 0.00 |
| Total Liabilities | 424.82K | 241.24K | 271.53K | 21.25K | 349.62K |
| Stockholders Equity | 4.85M | 6.05M | 8.33M | 9.45M | 11.88M |
Cash Flow | |||||
| Free Cash Flow | -374.57K | -1.50M | -600.87K | -2.70M | -7.65M |
| Operating Cash Flow | -374.57K | -1.37M | -600.87K | -1.68M | -4.63M |
| Investing Cash Flow | 379.92K | -127.53K | -129.01K | -1.07M | -3.02M |
| Financing Cash Flow | -53.75K | 1.54M | 51.28K | 0.00 | 10.89M |
West Mining Corp. Technical Analysis
Positive
0.08
Price Trends
0.07
Negative
0.06
Positive
0.04
Positive
Market Momentum
>-0.01
Positive
46.73
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WEST, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.73 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
42 Neutral | C$2.38M | 2.96 | -24.18% | ― | ― | -94.95% | |
| ― | C$2.56M | -2.08 | -13.93% | ― | ― | 46.67% | |
53 Neutral | C$6.33M | -2.79 | -521.38% | ― | ― | -24.58% | |
45 Neutral | C$1.11M | -4.23 | ― | ― | ― | ― | |
| ― | C$1.81M | -3.25 | ― | ― | ― | ― |
* Basic Materials Sector Average
TSE:WEST
West Mining Corp.
0.07
0.03
62.50%
TSE:AWR
Aurwest Resources
0.02
0.01
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TSE:EDDY
Edison Lithium
0.09
-0.02
-15.00%
TSE:VOLT
Voltage Metals Corp
0.01
0.00
0.00%
TSE:MEDA
Medaro Mining
0.55
0.13
29.41%
TSE:COS
Coniagas Battery Metals Inc
0.07
0.03
85.71%
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.