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U.S. GoldMining Inc.
(NASDAQ:USGO)
U.S. GoldMining Inc. (USGO) vs. S&P 500 (SPY)
U.S. GoldMining Inc. Business Overview & Revenue Model
U.S. GoldMining Inc. Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -52.01K | -19.25K | -17.62K | -108.60K | EBIT |
| 0.00 | -9.78M | -1.74M | -697.31K | -595.01K | EBITDA |
| 0.00 | -9.30M | -1.72M | -679.70K | -486.41K | Net Income Common Stockholders |
| 0.00 | -9.36M | -1.74M | -697.31K | -595.01K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.88M | 11.40M | 54.51K | 5.63K | 4.45K | Total Assets |
| 5.15M | 13.02M | 229.62K | 439.79K | 744.83K | Total Debt |
| 109.39K | 135.35K | 677.78K | 494.48K | 494.48K | Net Debt |
| -3.77M | -11.27M | 623.27K | 488.85K | 490.04K | Total Liabilities |
| 704.02K | 811.04K | 1.51M | 704.12K | 683.48K | Stockholders Equity |
| 4.45M | 12.21M | -1.28M | -264.33K | 61.35K |
| Cash Flow | Free Cash Flow | |||
| 0.00 | -10.41M | -1.32M | -636.12K | -427.89K | Operating Cash Flow |
| -7.75M | -9.43M | -1.32M | -636.12K | -427.89K | Investing Cash Flow |
| -1.04M | -979.52K | 0.00 | 316.21K | 0.00 | Financing Cash Flow |
| 599.82K | 21.84M | 1.37M | 321.09K | 428.22K |
U.S. GoldMining Inc. Technical Analysis
U.S. GoldMining Inc. Risk Analysis
U.S. GoldMining Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
50 Neutral | $113.44M | ― | -85.33% | ― | ― | -42.39% | |
49 Neutral | $1.94B | -1.23 | -21.28% | 3.73% | 1.19% | -29.73% | |
40 Underperform | $50.43M | ― | -22.15% | ― | ― | -19.10% | |
40 Underperform | $197.73M | ― | -4.74% | ― | ― | -173.39% | |
36 Underperform | $35.69M | ― | -9.25% | ― | ― | -40.85% | |
33 Underperform | $119.76M | ― | -101.90% | ― | ― | 9.66% |
U.S. GoldMining Inc. Corporate Events
On April 24, 2025, U.S. GoldMining Inc. announced the commencement of metallurgical testwork for the Whistler Gold-Copper Project in Alaska. This testwork aims to develop a preliminary process flowsheet optimized for metal recovery, which will inform the proposed initial economic assessment. The company has engaged Base Metallurgical Laboratories Ltd. to conduct the testwork, which includes various analyses and testing methods to optimize gold and copper recoveries. The outcome of this testwork is expected to enhance the company’s understanding of metal recoveries and potentially improve the project’s economic viability.
Spark’s Take on USGO Stock
According to Spark, TipRanks’ AI Analyst, USGO is a Underperform.
U.S. GoldMining Inc. faces severe financial difficulties, with no revenue and ongoing losses significantly impacting its score negatively. While technical indicators are mixed, and recent corporate events offer some strategic hope, the lack of profitability and substantial financial risks dominate the overall outlook, leading to a low stock score.
To see Spark’s full report on USGO stock, click here.
On April 15, 2025, U.S. GoldMining Inc. announced its plan to commence an initial economic assessment for the Whistler Gold-Copper Project in Alaska. This decision follows successful drilling programs in 2023 and 2024, revealing high-grade mineralization and aligning with favorable gold market conditions. The project benefits from strong policy support and proximity to infrastructure, potentially offering significant growth for the company and economic development for the region.
Spark’s Take on USGO Stock
According to Spark, TipRanks’ AI Analyst, USGO is a Underperform.
U.S. GoldMining Inc. faces significant financial challenges with no revenue and consistent losses, impacting its overall score negatively. While corporate events provide potential strategic advantages, the lack of profitability and neutral technical indicators keep the overall outlook weak.
To see Spark’s full report on USGO stock, click here.
On April 11, 2025, GoldMining Inc., the parent company of U.S. GoldMining Inc., filed its unaudited condensed consolidated interim financial statements for the three months ended February 28, 2025, and February 29, 2024, with the U.S. Securities and Exchange Commission. The company cautioned investors against placing undue reliance on these financial statements as they were not audited, not prepared according to U.S. generally accepted accounting principles, and are subject to future adjustments. The financial information is preliminary and may materially vary from actual results, indicating potential implications for stakeholders.
Spark’s Take on USGO Stock
According to Spark, TipRanks’ AI Analyst, USGO is a Underperform.
U.S. GoldMining Inc. faces significant financial challenges with no revenue generation and consistent financial losses. While recent corporate events provide a positive outlook by potentially enhancing the company’s strategic importance, the technical analysis suggests caution due to prevailing downward price trends. Valuation metrics further indicate a lack of profitability, making the stock less attractive at present.
To see Spark’s full report on USGO stock, click here.
On March 24, 2025, U.S. GoldMining Inc. expressed support for a new Executive Order signed by President Donald Trump, aimed at increasing domestic mineral production, including copper and gold. This policy is expected to benefit the company’s Whistler Gold-Copper Project in Alaska by enhancing the strategic importance of domestic mining projects and aligning with high commodity prices, thereby strengthening the nation’s mineral independence.
On February 27, 2025, GoldMining Inc., the parent company of U.S. GoldMining Inc., filed its audited financial statements for the years ended November 30, 2024, and 2023 with the U.S. Securities and Exchange Commission. The release includes unaudited financial information for the twelve months ended November 30, 2024, and cautions investors about the preliminary nature of the data, which may not be indicative of future results or complete from an investment perspective. The financial statements were prepared for GoldMining’s reporting requirements, and the company has not completed its financial close processes for the fiscal year ended December 31, 2024.
U.S. GoldMining Inc., through its Canadian subsidiary, US GoldMining Canada Inc., announced revised employment agreements with key executive members, Tim Smith and Tyler Wong. On February 20, 2025, the company formalized new terms for Tim Smith as CEO and Tyler Wong as CFO, replacing prior agreements. Both agreements include annual salaries effective January 1, 2025, with incentives tied to performance objectives. The contracts also outline provisions for termination and participation in company benefit plans, signaling a structured approach to executive management as the company aims to strengthen its leadership team.