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West Mining Corp. (TSE:WEST)
:WEST
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West Mining Corp. (WEST) AI Stock Analysis

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TSE:WEST

West Mining Corp.

(OTC:WEST)

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Underperform 34 (OpenAI - 4o)
Rating:34Underperform
Price Target:
West Mining Corp. has a weak financial position with no revenue and persistent losses, impacting its overall score. While the balance sheet strength and recent corporate events provide some positive aspects, the technical analysis and valuation are unfavorable. The company's strategic initiatives to improve its portfolio could eventually enhance its market standing, but significant challenges remain.

West Mining Corp. (WEST) vs. iShares MSCI Canada ETF (EWC)

West Mining Corp. Business Overview & Revenue Model

Company DescriptionWest 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, Daylight, and Athabasca Properties in southeastern British Columbia. The company was formerly known as Ironwood Capital Corp. and changed its name to West Mining Corp. in November 2020. West Mining Corp. was incorporated in 2017 and is based in Vancouver, Canada.
How the Company Makes MoneyWest Mining Corp. generates revenue through the exploration and development of mineral resources, which involves several key revenue streams. The company makes money by selling extracted minerals, such as gold, silver, copper, and zinc, to metal refineries and other industrial clients. Revenue is also derived from joint ventures and partnerships with other mining companies that co-develop mining sites, sharing both the costs and profits. Additionally, WEST may enter into royalty agreements, where they receive a percentage of the revenues generated from mining operations conducted on their properties by other companies. The company's earnings are influenced by factors such as mineral market prices, extraction efficiency, and operational costs.

West Mining Corp. Financial Statement Overview

Summary
West Mining Corp. faces substantial financial challenges with persistent losses and zero revenue generation. While the balance sheet shows a strong equity base and low debt levels, negative cash flows highlight liquidity issues. The overall financial health is weak, requiring strategic improvements in revenue generation and operational efficiency.
Income Statement
10
Very Negative
West Mining Corp. shows persistent losses with zero revenue reported across all periods, indicating significant challenges in generating sales. The negative EBIT and net income underscore profitability issues. The company has not demonstrated any revenue growth, affecting its income statement score.
Balance Sheet
30
Negative
The balance sheet reflects a strong equity base with low debt levels, as evident from the low debt-to-equity ratio. However, the company's inability to generate revenue impacts its ROE, which remains negative due to continuous net losses. Despite this, a high equity ratio suggests financial stability.
Cash Flow
15
Very Negative
Negative operating and free cash flows indicate liquidity challenges and dependency on external financing. The absence of free cash flow growth further highlights cash management issues, though the company has historically raised funds through financing activities.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit0.000.000.000.000.000.00
EBITDA-5.10M-5.13M-922.36K-2.29M-6.59M0.00
Net Income-5.11M-5.14M-1.13M-3.77M-7.05M-97.72K
Balance Sheet
Total Assets6.10M6.30M8.60M9.47M12.23M472.60K
Cash, Cash Equivalents and Short-Term Investments5.43K52.38K21.16K713.75K3.49M196.32K
Total Debt0.0053.75K51.28K0.000.000.00
Total Liabilities302.49K241.24K271.53K21.25K349.62K17.66K
Stockholders Equity5.79M6.05M8.33M9.45M11.88M454.93K
Cash Flow
Free Cash Flow-1.37M-1.50M-600.87K-2.70M-7.65M-143.52K
Operating Cash Flow-1.37M-1.37M-600.87K-1.68M-4.63M-143.52K
Investing Cash Flow104.59K-127.53K-129.01K-1.07M-3.02M-250.00K
Financing Cash Flow1.25M1.54M51.28K0.0010.89M153.00K

West Mining Corp. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Negative
200DMA
0.06
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
44.70
Neutral
STOCH
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WEST, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.70 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WEST.

West Mining Corp. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
43
Neutral
C$772.57M-584.0021.88%
36
Underperform
C$13.91M-13.7575.46%
34
Underperform
C$605.87K-72.94%-313.74%
25
Underperform
C$1.45M-0.03-3755.65%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:WEST
West Mining Corp.
0.03
-0.18
-87.50%
TSE:SLZ
Slave Lake Zinc Corp
0.05
<0.01
12.50%
TSE:UX
Monterey Minerals Inc
0.04
0.00
0.00%
TSE:NSJ
NSJ Gold
0.15
0.09
150.00%
TSE:PLLR
Forty Pillars Mining Corp
0.04
-0.07
-63.64%
TSE:HVW
Hi-View Resources Inc
0.28
0.12
75.00%

West Mining Corp. Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
West Mining Corp. Strengthens Portfolio with New Mineral Claims
Positive
Apr 17, 2025

West Mining Corp. has issued 1,125,000 common shares at a price of $0.05 per share under an option agreement with ESN Investment Corp. This agreement allows West to earn a 100% interest in two mineral claims in Northern British Columbia, enhancing its existing properties. The issuance fulfills West’s six-month option obligations and is subject to a four-month hold period. This move is expected to strengthen West’s mineral exploration portfolio and potentially enhance its market position in the mining industry.

Product-Related AnnouncementsBusiness Operations and Strategy
West Mining Corp. Launches 2025 Exploration Program at Junker Property
Positive
Feb 14, 2025

West Mining Corp. has announced a new exploration program at their Junker Copper-Gold-Silver Property in north-central British Columbia. The 2025 summer field program aims to expand on promising targets identified from previous rock sampling in 2021, which yielded significant copper, gold, and silver values. The company has used advanced multispectral satellite data analysis to identify additional targets and plans to integrate these findings with existing geophysical data to prioritize field inspections. This initiative is expected to enhance West Mining’s resource potential and strengthen its position in the mining sector.

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: May 01, 2025