White Gold (WGO) AI Stock Analysis

• Market Cap: $258.92M
• Dividend Yield: N/A
• Average Volume (3M): 1.30M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.14
• Revenue Growth: N/A
• EPS Growth: -19.09%
• Country: CA
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 197,649,190
• 10 Day Avg. Volume: 2,071,650
• 30 Day Avg. Volume: 1,302,234
• 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: 0.22
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -601.47
• Enterprise Value/Ebitda: -23.97
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: ―

The stock's overall score is primarily affected by challenging financial performance due to lack of revenue and profitability. However, technical indicators show positive momentum, and promising drilling results suggest potential growth opportunities. The negative P/E ratio and absence of a dividend yield present valuation challenges, but corporate developments offer a hopeful outlook.

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	-96.24K	-2.20K	-133.25K	-4.49K	-6.41K	-9.15K
EBITDA	-2.41M	-2.41M	-2.06M	-472.01K	-3.20M	-3.82M
Net Income	-2.51M	-2.51M	-2.22M	-1.10M	-1.21M	-6.61M
Balance Sheet
Total Assets	137.06M	137.98M	134.49M	131.14M	127.60M	117.23M
Cash, Cash Equivalents and Short-Term Investments	2.40M	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	15.30M	15.17M	14.26M	13.90M	13.96M	14.99M
Stockholders Equity	121.76M	122.82M	120.23M	117.25M	113.64M	102.24M
Cash Flow
Free Cash Flow	-5.06M	-1.41M	-6.28M	-7.91M	-7.77M	-7.26M
Operating Cash Flow	-2.31M	-1.41M	-1.73M	-1.04M	-3.11M	-2.74M
Investing Cash Flow	-3.14M	-4.02M	-4.55M	-6.86M	-4.66M	-4.51M
Financing Cash Flow	5.12M	4.87M	5.08M	4.39M	13.36M	6.52M

White Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.2 is above the 20-day moving average (MA) of 1.00, above the 50-day MA of 0.72, and above the 200-day MA of 0.37, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 65.71 is Neutral, neither overbought nor oversold. The STOCH value of 69.43 is Neutral, 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%
GFG	57 Neutral	C$42.38M	26.61	4.07%	―	―	―
USGD	48 Neutral	$59.15M	26.77	5.14%	―	―	―
WGO	47 Neutral	$258.92M	―	-2.04%	―	―	-19.09%
MGG	39 Underperform	C$185.88M	―	-51.53%	―	―	-86.96%

White Gold Corporate Events

White Gold Corp. Unveils Promising Drilling Results at Chris Creek Target

White Gold Corp. has announced promising results from its 2024 exploration diamond drilling programs at the Chris Creek target in the White Gold District, Yukon. The drilling revealed a broad near-surface gold-bearing structure with high-density quartz veining, indicating significant potential for expansion. This target, part of a larger mineralized trend, is located near the company’s flagship Golden Saddle deposit, suggesting a strategic opportunity to enhance its gold resource portfolio. The company’s management is optimistic about the target’s potential and plans further exploration to identify higher-grade gold mineralization, which could strengthen its position in the Canadian gold mining sector.