White Gold (WGO) AI Stock Analysis

• Market Cap: C$270.15M
• Dividend Yield: N/A
• Average Volume (3M): 719.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.60
• Revenue Growth: N/A
• EPS Growth: -40.00%
• Country: CA
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 221,435,700
• 10 Day Avg. Volume: 437,418
• 30 Day Avg. Volume: 719,063
• PEG Ratio: -4.35
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -28.27
• 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: 56 Neutral
• Price Target: C$1.50 ▲(17.19% Upside)

The score is held back primarily by weak financial fundamentals (no revenue, recurring losses, and cash burn) despite strong solvency (no debt). Offsetting this, price action is in a clear uptrend with positive momentum, and recent corporate updates plus fresh financing are constructive catalysts. Valuation is less meaningful given negative earnings and no dividend data.

White Gold Business Overview & Revenue Model

Company Description

White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. Its flagship project is the Golden Saddle and Arc deposits in the White Gold property located in Dawson City, Yukon. It owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 3,49,824 hectares located in the Yukon's White Gold District in Canada. The company was formerly known as G4G Capital Corp. and changed its name to White Gold Corp. in December 2016. White Gold Corp. was incorporated in 1987 and is headquartered in Toronto, Canada.

How the Company Makes Money

White Gold generates revenue primarily through the exploration and eventual extraction and sale of gold resources. The company's revenue model is centered around identifying lucrative gold deposits, developing mining operations, and selling the extracted gold in the global commodities market. Key revenue streams include the direct sale of mined gold to refineries, jewelry manufacturers, and financial institutions. Additionally, the company may form strategic partnerships or joint ventures with other mining companies to share resources and expertise, further enhancing its revenue potential. Factors such as fluctuations in gold prices, operational efficiency, and successful discovery of new gold reserves significantly impact the company's earnings.

White Gold Financial Statement Overview

Summary

White Gold is facing substantial financial challenges, particularly in revenue generation and profitability. The company benefits from a strong equity position and no debt but struggles with negative cash flows and operational losses. Improvement in revenue and cost management is crucial for better financial health.

Income Statement

White Gold's income statement reveals persistent negative performance, with no recorded revenue and increasing net losses over the years. The company has not shown any gross profit, and both EBIT and EBITDA margins remain negative. The lack of revenue growth and profitability indicates a challenging financial position in the income statement vertical.

Balance Sheet

The balance sheet of White Gold shows relative stability with a strong equity base, as indicated by a high equity ratio. The absence of debt is a positive sign, which suggests low financial leverage risk. However, the company's inability to generate revenue poses a risk to asset utilization and long-term sustainability.

Cash Flow

White Gold's cash flow statement indicates significant challenges. Operating cash flow remains negative, reflecting ongoing operational difficulties. While free cash flow is also negative, the company managed to secure positive financing cash flow. The negative free cash flow growth rate suggests a need for improved cash management and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-94.34K	-2.20K	-133.25K	-4.49K	-6.41K	-9.15K
EBITDA	-2.74M	-2.41M	-2.06M	-472.01K	-3.20M	-3.82M
Net Income	-2.48M	-2.51M	-2.22M	-1.10M	-1.21M	-6.61M
Balance Sheet
Total Assets	137.81M	137.98M	134.49M	131.14M	127.60M	117.23M
Cash, Cash Equivalents and Short-Term Investments	699.64K	4.38M	4.93M	6.13M	9.65M	4.05M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	16.34M	15.17M	14.26M	13.90M	13.96M	14.99M
Stockholders Equity	121.48M	122.82M	120.23M	117.25M	113.64M	102.24M
Cash Flow
Free Cash Flow	-5.02M	-1.41M	-6.28M	-7.91M	-7.77M	-7.26M
Operating Cash Flow	-2.40M	-1.41M	-1.73M	-1.04M	-3.11M	-2.74M
Investing Cash Flow	-3.01M	-4.02M	-4.55M	-6.86M	-4.66M	-4.51M
Financing Cash Flow	5.27M	4.87M	5.08M	4.39M	13.36M	6.52M

White Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WGO, the sentiment is Positive. The current price of 1.28 is above the 20-day moving average (MA) of 1.19, above the 50-day MA of 1.05, and above the 200-day MA of 0.63, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 56.24 is Neutral, neither overbought nor oversold. The STOCH value of 16.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WGO.

White Gold 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%
WGO	56 Neutral	C$270.15M	-96.83	-2.02%	―	―	-40.00%
YGT	55 Neutral	C$82.74M	-52.63	-2.88%	―	―	36.67%
BTR	50 Neutral	C$41.42M	-4.21	-67.80%	―	―	42.48%
NCAU	49 Neutral	C$208.15M	-47.88	-5.92%	―	―	-7.14%
KG	47 Neutral	C$26.62M	-20.59	-3.40%	―	―	-34.21%
YARR	34 Underperform	C$89.92M	-19.40	-63.46%	―	―	-652.38%

White Gold Corporate Events

White Gold Corp. Unveils Promising Porphyry Targets at Bridget Site

White Gold Corp. has identified multiple copper and multi-element porphyry-style targets at the Bridget Target on its Pedlar Property in Yukon, Canada. The 2025 geophysical surveys revealed large-scale anomalies, suggesting potential for concealed porphyry mineralization. This development aligns with increasing global demand for critical minerals and Canada’s emphasis on domestic copper development, potentially enhancing White Gold’s industry positioning.

White Gold Corp. Embraces Federal Support for Yukon’s Resource Development

White Gold Corp. welcomes the Canadian government’s announcement of nation-building projects under Budget 2025, which includes infrastructure, clean energy, and resource-corridor development. The federal commitment highlights the strategic importance of the Yukon in Canada’s mineral future, with the Northwest Critical Conservation Corridor being referred to the Major Projects Office. This move is expected to enhance the operating environment for mineral exploration in the region, benefiting companies like White Gold. The initiatives aim to improve infrastructure, energy security, and regulatory coordination, positioning the Yukon as a key player in Canada’s long-term mineral strategy.

White Gold Corp. Reports High-Grade Gold Finds at Golden Saddle

White Gold Corp. announced promising assay results from its 2025 diamond drilling program at the Golden Saddle deposit, part of its White Gold Property in Yukon. The results revealed high-grade gold mineralization, including a significant intersection of 6.89 g/t gold over 50.2 meters in the Main Zone, enhancing the resource estimate and confirming continuity in the footwall and hanging wall zones. This development underscores the potential for resource expansion and positions the project as one of Canada’s highest-grade undeveloped open-pittable gold deposits, with further exploration results anticipated.

White Gold Corp. Secures $23 Million for Expansion in Yukon

White Gold Corp. has successfully closed a $23 million private placement to fund its largest drill program to date, aimed at expanding its high-grade gold deposits in Yukon’s White Gold District. The financing will support exploration and economic evaluation efforts, enhancing the company’s position in a resurging market and potentially increasing stakeholder value.

White Gold Corp. Secures $23 Million for Major Exploration Expansion

White Gold Corp. has successfully closed a $23 million private placement, which will fund its largest drill program to date. This financing will support the expansion of its high-grade gold deposits and exploration of new targets in the White Gold District, enhancing the company’s position in the industry and potentially increasing stakeholder value.

White Gold Corp. Reports Major Increase in Gold Resources at Yukon Project

White Gold Corp. has announced a significant increase in its gold resources at the White Gold Project in Yukon, Canada, with a 44% rise in indicated resources and a 13.4% increase in inferred resources. This update enhances the project’s economic potential and positions it as one of the highest-grade undeveloped open-pittable gold deposits in Canada. The company plans to continue expanding its resource size through further exploration and optimization, supported by strategic partners, aiming to unlock more value and advance towards a Preliminary Economic Assessment.