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Gold79 Mines (TSE:WPG)
:WPG

Gold79 Mines (WPG) AI Stock Analysis

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Gold79 Mines

(WPG)

Rating:43Neutral
Price Target:
Gold79 Mines faces severe financial challenges with negative revenue and cash flow, which heavily impacts its stock score. While the technical indicators show some short-term positive momentum, the company's poor valuation metrics and financial health weigh down its overall attractiveness. However, promising drill results offer a glimmer of hope for future growth, slightly mitigating the negative aspects.

Gold79 Mines (WPG) vs. iShares MSCI Canada ETF (EWC)

Gold79 Mines Business Overview & Revenue Model

Company DescriptionGold79 Mines Ltd is an exploration stage junior mining company engaged in the identification, acquisition, evaluation and exploration of precious metal properties in North America. The company's projects portfolio includes Jefferson Canyon, Nevada, USA; Gold Chain, Arizona, USA; Greyhound, Nunavut, Canada.
How the Company Makes MoneyGold79 Mines makes money through the exploration and development of its mineral properties, which involves discovering and delineating economically viable gold and silver deposits. The company generates revenue by either selling these developed projects to larger mining companies or entering into joint ventures and partnerships where it retains a stake in future mining operations. Additionally, Gold79 Mines may raise capital through equity financing to fund its exploration activities, which can involve issuing new shares to investors. The company's earnings are influenced by factors such as mineral prices, exploration success, and strategic partnerships with other entities in the mining sector.

Gold79 Mines Financial Statement Overview

Summary
Gold79 Mines is facing significant financial challenges due to lack of revenue and ongoing operational losses. The balance sheet is strong with no debt and solid equity, but negative cash flow and income statements indicate the need for strategic changes.
Income Statement
15
Very Negative
The company has not generated any revenue over the reported periods, which is a significant concern. The net income remains negative, indicating ongoing losses. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies. There is no revenue growth due to the absence of revenue.
Balance Sheet
40
Negative
The company has no debt, which is a positive aspect, leading to a favorable debt-to-equity ratio. Stockholders' equity is positive and represents a large portion of total assets, indicating financial stability. However, the lack of revenue generation and consistent losses pose potential risks for future equity.
Cash Flow
25
Negative
Operating cash flows are consistently negative, indicating challenges in generating cash from operations. Free cash flow is also negative, reflecting high capital expenditures relative to cash generation. However, financing cash flow remains positive due to ongoing financing activities, which may not be sustainable long-term.
BreakdownTTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit0.000.000.000.000.000.00
EBITDA-381.54K0.00-808.70K-923.46K-813.57K0.00
Net Income-381.54K-420.38K-504.35K-923.46K-833.55K-229.91K
Balance Sheet
Total Assets5.46M5.07M5.00M4.91M2.58M234.87K
Cash, Cash Equivalents and Short-Term Investments124.87K90.19K431.96K1.01M173.75K47.17K
Total Debt0.000.000.000.000.000.00
Total Liabilities276.87K195.83K85.46K246.98K136.00K389.42K
Stockholders Equity5.18M4.88M4.92M4.67M2.45M-154.55K
Cash Flow
Free Cash Flow-464.32K-270.23K-1.54M-1.20M-887.27K-186.93K
Operating Cash Flow-321.59K-270.23K-621.76K-888.78K-708.00K-125.43K
Investing Cash Flow-171.70K-398.94K-641.76K-952.19K-510.54K-34.95K
Financing Cash Flow627.47K329.90K683.51K2.66M1.32M189.89K

Gold79 Mines Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.40
Price Trends
50DMA
0.47
Negative
100DMA
0.46
Negative
200DMA
0.39
Positive
Market Momentum
MACD
-0.02
Negative
RSI
44.14
Neutral
STOCH
80.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WPG, the sentiment is Negative. The current price of 0.4 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.47, and above the 200-day MA of 0.39, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 80.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WPG.

Gold79 Mines Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
43
Neutral
AU$1.41B-6.14-40.62%3.98%-4.78%-42.91%
TSWPG
43
Neutral
C$28.00M-28.34%16.08%
TSA.H
C$45.97M6,000.000.29%
C$50.64M-2.47%
TSFTZ
C$83.10M-18.90%
TSPPX
C$73.94M-345.73%
TSADY
C$81.88M-13.89%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:WPG
Gold79 Mines
0.40
0.19
90.48%
TSE:A.H
Armor Minerals Inc
0.60
0.25
71.43%
TSE:ATCU
Candente Copper
0.54
-0.09
-14.29%
TSE:FTZ
Norseman Capital
0.36
0.16
80.00%
TSE:PPX
PPX Mining
0.10
0.04
66.67%
TSE:ADY
Adyton Resources Corporation
0.32
0.22
220.00%

Gold79 Mines Corporate Events

Business Operations and Strategy
West Point Gold Uncovers High-Grade Gold at Tyro Main Zone
Positive
Jan 23, 2025

West Point Gold Corp. announced promising drill results from its Tyro Main Zone at the Gold Chain Project in Arizona. Key findings include high-grade gold intersections that suggest potential expansion of the mineralized zone. With these results, the company plans to focus further drilling efforts on promising areas to enhance the project’s value and expand resources, positioning itself for future growth.

West Point Gold Unveils Promising Drill Results at Tyro Main Zone
Jan 15, 2025

West Point Gold Corp., a mining company, announced significant results from their recent drilling campaign at the Tyro Main Zone, part of the Gold Chain Project in Arizona. The results, which include notable gold intersections, support the company’s exploration targets and suggest the mineralized zone may be wider than initially anticipated. Assays from additional holes are pending, and the company is preparing for the next phase of drilling to build on these positive outcomes.

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: Jan 24, 2025