Company DescriptionSolstice Gold Corp. engages in the exploration for and development of mineral resource properties in Ontario and Nunavut, Canada. It primarily explores for gold deposits. The company holds a 100% interest in the Kahuna gold project covering an area of 866 square kilometers located in Nunavut, as well as secondary rights covering an adjacent 683 square kilometres. It also has an option agreement to acquire a 100% interest in the Red Lake Extension project consisting of 10 claims located in the northern part of the Red Lake Gold District. The company was formerly known as Dunnedin Gold Inc. and changed its name to Solstice Gold Corp. in September 2017. Solstice Gold Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Solstice Gold Financial Statement Overview

Summary

Solstice Gold is facing major financial challenges, with no revenue and significant losses impacting all financial statements. The income statement shows negative margins due to ongoing losses, and the balance sheet reveals high liabilities relative to equity with a concerning Debt-to-Equity Ratio. Cash flows are negative, indicating financial stress despite some liquidity support from financing activities.

Income Statement

Very Negative

Solstice Gold's income statement reflects no revenue generation, leading to negative margins. The Gross Profit Margin, Net Profit Margin, EBIT Margin, and EBITDA Margin are all negative due to significant losses. The company has not shown revenue growth, which is a major concern for future profitability.

Balance Sheet

Negative

The balance sheet shows a high level of liabilities relative to equity, with a declining Equity Ratio indicating reduced stability. The Debt-to-Equity Ratio is concerning with equity decreasing over recent periods. However, the company holds a significant amount of cash relative to its debt, providing some liquidity.

Cash Flow

Negative

Negative operating cash flow and free cash flow indicate financial stress. The Free Cash Flow Growth Rate and ratios to Net Income are negative, showing ongoing cash burn without profitability. However, the company has managed to secure financing, which temporarily supports cash flow.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-6.00K	0.00	-3.50K	0.00	0.00	0.00
	EBIT
-347.78K	-993.96K	-3.92M	-5.61M	-417.76K	-696.09K
	EBITDA
-629.35K	-886.49K	-3.99M	-5.64M	-426.89K	-711.46K
	Net Income Common Stockholders
-602.71K	-886.48K	-3.52M	-5.56M	-416.82K	-680.78K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.79M	522.26K	1.08M	1.98M	721.77K	1.82M
	Total Assets
16.09M	556.65K	1.14M	2.20M	786.56K	17.08M
	Total Debt
0.00	0.00	80.00K	80.00K	80.00K	30.00K
	Net Debt
-3.79M	-378.67K	-498.15K	-1.61M	-641.77K	-1.79M
	Total Liabilities
595.84K	195.48K	136.60K	408.94K	206.24K	618.02K
	Stockholders Equity
15.50M	361.17K	999.52K	1.79M	580.32K	16.46M
Cash Flow		Free Cash Flow
-527.47K	-920.01K	-3.82M	-9.50M	-389.33K	-678.10K
	Operating Cash Flow
-527.47K	-920.01K	-3.82M	-5.45M	-389.33K	-678.10K
	Investing Cash Flow
147.32K	194.81K	38.00K	0.00	-729.32K	-2.20M
	Financing Cash Flow
123.59K	525.73K	2.67M	6.41M	20.00K	1.21M

Solstice Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGCPF		$8.59M	―	-73.08%	―	―	―
LVX	56 Neutral	C$24.58M	―	-46.91%	―	―	-25.57%
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
PPP	46 Neutral	C$18.87M	―	-80.10%	―	―	36.09%
KORE	42 Neutral	C$7.08M	―	-63.28%	―	―	59.57%
EMR	33 Underperform	C$2.33M	―	-78.36%	―	―	-172.54%
XIM	31 Underperform	C$8.01M	―	-785.02%	―	―	40.00%

* Basic Materials Sector Average

Performance Comparison

SGCPF

Solstice Gold

0.04

0.01

33.33%

TSE:PPP

Ethos Gold

0.20

0.00

0.00%

TSE:EMR

Emergent Metals Corp

0.04

0.01

33.33%

TSE:KORE

Kore Mining Ltd

0.04

0.00

0.00%

TSE:XIM

Ximen Mining

0.14

0.02

16.67%

TSE:LVX

Leviathan Gold

0.40

0.29

263.64%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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