West Kirkland Mining (WVM) AI Stock Analysis

• Market Cap: C$118.60M
• Dividend Yield: N/A
• Average Volume (3M): 20.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: N/A
• EPS Growth: -35.33%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 57,995,160
• 10 Day Avg. Volume: 24,171
• 30 Day Avg. Volume: 20,029
• PEG Ratio: -0.40
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -52.09
• 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: 51 Neutral
• Price Target: C$2.00 ▼(-16.67% Downside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow). A debt-free balance sheet provides some stability, while technicals are mixed (longer-term trend support but near-term/oscillator momentum is soft). Valuation is also unfavorable/unclear given negative earnings and no dividend yield data.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially reduces refinancing and interest-rate risk for a junior miner. That durability gives management flexibility to prioritize exploration and development decisions without near-term debt maturities pressuring operations or forcing distressed financing over the next 2-6 months.

Sizable equity and asset base

A meaningful equity and asset base provides a financial cushion for a pre-revenue miner, supporting continued exploration and corporate activity. This capital base lowers immediacy of funding needs and can improve access to capital on better terms versus peers with weaker balance sheets.

Improving free cash flow trend

A positive change in FCF trajectory suggests operational or cost improvements are taking hold. While still negative, an improving cash-flow trend reduces projected near-term funding demand, lowering dilution or financing risk and increasing survivability through the next funding cycle.

Negative Factors

No revenue / pre-revenue status

The absence of revenue means the company remains pre-revenue and dependent on external financing. That structural position raises execution risk: failure to reach production or monetize assets would leave investors exposed to capital dilution or write-downs over the medium term.

Persistent negative cash generation

Sustained negative operating and free cash flow consumes the company's cash buffer and increases the probability of future equity raises or external financing. That funding dependence can dilute holders, delay projects, and constrain the company's ability to capitalize on development opportunities.

Negative returns and erosion of equity

Consistent negative ROE indicates the business is destroying rather than compounding capital. Continued erosion of equity reduces financial optionality, can worsen borrowing terms, and signals structural operating issues that must be resolved to achieve sustainable shareholder returns.

West Kirkland Mining Business Overview & Revenue Model

Company Description

West Vault Mining Inc., a mineral exploration and development company, focuses on the acquisition, exploration, and development of gold projects. Its flagship asset is the 100% owned Hasbrouck and Three Hills properties located in southwestern Nevada. The company was formerly known as West Kirkland Mining Inc. and changed its name to West Vault Mining Inc. in July 2020. West Vault Mining Inc. was incorporated in 2007 and is based in Vancouver, Canada.

How the Company Makes Money

West Kirkland Mining makes money through the exploration and development of its mineral properties, primarily focused on gold and silver. The company's revenue model involves identifying and acquiring promising mineral assets, conducting exploration activities to assess and validate resource potential, and advancing these projects towards production. Key revenue streams include the sale of extracted minerals, potential joint ventures, and strategic partnerships with other mining companies. Additionally, West Kirkland Mining may engage in the sale or optioning of its developed properties to generate earnings. Factors contributing to its earnings include successful exploration results, favorable commodity prices, and effective cost management.

West Kirkland Mining Financial Statement Overview

Summary

Overall financials are weak due to no reported revenue and persistent losses (TTM net loss ~-$2.62M) with negative EBIT/EBITDA. The main offset is a relatively resilient, debt-free balance sheet (total debt $0) with meaningful equity (~$39.3M TTM), but cash flow remains negative (TTM operating cash flow ~-$0.54M; TTM free cash flow ~-$1.17M), implying continued cash burn and potential future funding needs.

Income Statement

Financial performance remains weak with no reported revenue across annual periods and in TTM (Trailing-Twelve-Months). Losses persist and have generally widened versus 2023, with TTM net loss of about -$2.62M and negative EBIT/EBITDA, indicating the business is still in a pre-production/early-stage phase and not yet operating profitably. A modest positive is that losses are not accelerating dramatically year-over-year, but the lack of revenue and consistently negative profitability are the dominant concerns.

Balance Sheet

The balance sheet is relatively resilient due to a debt-free capital structure (total debt reported as $0 across periods), which meaningfully reduces financial risk and refinancing pressure. Equity remains sizable (TTM equity ~$39.3M) and assets are stable (~$53.3M TTM), though equity has drifted down from 2024 as ongoing losses erode capital. Returns on equity are consistently negative (around -4% to -6% range), reflecting that the company is consuming shareholder capital rather than compounding it.

Cash Flow

Cash generation is a key weakness: operating cash flow is negative in most years and is also negative in TTM (about -$0.54M), with free cash flow negative as well (TTM about -$1.17M). While free cash flow improved versus the prior annual period (positive growth rate in TTM), the company is still cash-consuming overall. The cash flow picture is also volatile—2021 showed strong positive operating and free cash flow, but that was not sustained, increasing uncertainty around funding needs and cash burn trajectory.

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	-3.40K	-3.40K	-3.35K	0.00	0.00	0.00
EBITDA	-1.95M	-2.57M	-1.95M	-714.76K	-1.36M	-2.28M
Net Income	-2.62M	-2.58M	-1.68M	-1.82M	-1.89M	-2.28M
Balance Sheet
Total Assets	53.32M	55.63M	51.69M	53.85M	50.92M	45.02M
Cash, Cash Equivalents and Short-Term Investments	2.66M	3.81M	4.58M	6.33M	7.15M	2.14M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	14.01M	13.29M	11.05M	10.34M	8.55M	527.83K
Stockholders Equity	39.31M	42.34M	40.64M	43.51M	42.37M	44.50M
Cash Flow
Free Cash Flow	-1.17M	-1.06M	-1.24M	-1.38M	5.06M	-1.45M
Operating Cash Flow	-544.14K	-464.67K	-472.59K	-757.94K	6.12M	-576.32K
Investing Cash Flow	473.72K	425.60K	-4.79M	-639.59K	-1.07M	-888.91K
Financing Cash Flow	0.00	0.00	-298.50K	-52.84K	100.70K	3.62M

West Kirkland Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WVM, the sentiment is Negative. The current price of 2.4 is above the 20-day moving average (MA) of 2.27, above the 50-day MA of 2.32, and above the 200-day MA of 1.75, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 37.53 is Neutral, neither overbought nor oversold. The STOCH value of 37.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WVM.

West Kirkland Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MJS	71 Outperform	C$192.89M	16.67	7.20%	8.87%	28.21%	-9.76%
XTG	64 Neutral	C$158.61M	34.23	23.36%	―	―	379.90%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KTO	59 Neutral	C$143.10M	-59.83	-7.04%	―	―	-62.50%
WVM	51 Neutral	C$118.60M	-44.91	-6.60%	―	―	-35.33%
MGM	50 Neutral	C$162.29M	-22.41	-91.76%	―	―	16.91%
NCAU	49 Neutral	C$194.98M	-41.21	-5.92%	―	―	-7.14%