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Gold X2 Mining
(AUXX)
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Rating:44Neutral
Price Target:
C$7.00
▼(-37.22% Downside)
Action:Reiterated
Date:09/16/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and significant cash burn) and limited valuation support due to negative earnings and no dividend. Technicals are mixed, with short-term weakness (below the 20-day average and low momentum readings) partially offset by being above the 200-day average and a slightly positive MACD.
Positive Factors
Low Leverage
Extremely low leverage limits solvency pressure and leaves the company less exposed to interest costs than a heavily indebted explorer. The larger equity base also provides a stronger platform for advancing projects, although future funding may still dilute shareholders.
Negative Factors
Pre-Revenue Business Model
The absence of operating revenue means the company has no established sales base to fund exploration or absorb rising costs. Financial progress therefore depends on successfully advancing assets and securing transactions or external capital rather than recurring customer demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Extremely low leverage limits solvency pressure and leaves the company less exposed to interest costs than a heavily indebted explorer. The larger equity base also provides a stronger platform for advancing projects, although future funding may still dilute shareholders.
Read all positive factors
Gold X2 Mining (AUXX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$730.55M
Dividend YieldN/A
Average Volume (3M)261.41K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue GrowthN/A
EPS Growth-302.12%
CountryCA
Employees52
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.58
Shares Outstanding101,184,810
10 Day Avg. Volume397,816
30 Day Avg. Volume261,408
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.26
Price to Sales (P/S)0.00
P/FCF Ratio-9.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$15.50Price Target Upside39.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.49
Revenue Forecast (FY)N/A
Gold X2 Mining Business Overview & Revenue Model
Company Description
Gold X2 Mining Inc. is a Canadian corporation primarily involved in the discovery and extraction of gold resources. The company holds full ownership of its main asset, the Moss Gold Project, situated in Ontario, Canada. In September 2025, the firm...
How the Company Makes Money
Goldshore Resources does not typically generate recurring operating revenue like a producing miner because its primary business is gold exploration and project advancement rather than gold production. As a result, revenue from selling gold is null...
Gold X2 Mining Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
70
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -166.49K | -101.93K | -83.21K | -67.31K | ― | 0.00 |
| EBITDA | -62.58M | -35.81M | -3.81M | -4.67M | -166.51K | -39.77K |
| Net Income | -50.82M | -26.35M | -4.06M | -13.48M | -166.80K | -39.87K |
Balance Sheet | ||||||
| Total Assets | 186.30M | 91.75M | 94.82M | 75.20M | 18.73M | 21.61K |
| Cash, Cash Equivalents and Short-Term Investments | 105.56M | 12.60M | 5.27M | 12.11M | 2.23M | 5.88K |
| Total Debt | 137.98K | 284.37K | 266.99K | 333.05K | 22.27K | 0.00 |
| Total Liabilities | 29.68M | 6.40M | 12.72M | 10.63M | 15.19M | 488.61K |
| Stockholders Equity | 156.62M | 85.34M | 82.10M | 64.57M | 3.54M | -467.00K |
Cash Flow | ||||||
| Free Cash Flow | -63.37M | -29.50M | -5.88M | -23.15M | -634.05K | -156.25K |
| Operating Cash Flow | -50.04M | -29.29M | -1.71M | -3.75M | -631.65K | -156.25K |
| Investing Cash Flow | -865.56K | -10.82M | -4.17M | -9.08M | ― | 0.00 |
| Financing Cash Flow | 116.92M | 37.34M | 9.91M | 8.35M | 10.42M | 0.00 |
Gold X2 Mining Technical Analysis
Negative
11.15
Price Trends
8.68
Negative
8.35
Negative
7.91
Negative
Market Momentum
-0.58
Positive
29.33
Positive
4.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AUXX, the sentiment is Negative. The current price of 11.15 is above the 20-day moving average (MA) of 8.68, above the 50-day MA of 8.68, and above the 200-day MA of 7.91, indicating a bearish trend. The MACD of -0.58 indicates Positive momentum. The RSI at 29.33 is Positive, neither overbought nor oversold. The STOCH value of 4.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AUXX.
Gold X2 Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | C$319.16M | 17.54 | 16.61% | 12.67% | ― | ― | |
57 Neutral | C$342.21M | -67.21 | -1.96% | ― | ― | ― | |
56 Neutral | C$567.84M | -133.33 | -3.61% | ― | ― | -18.03% | |
50 Neutral | C$289.98M | -13.05 | -9.94% | ― | ― | 18.45% | |
50 Neutral | C$455.59M | -54.59 | -9.32% | ― | ― | -88.78% | |
44 Neutral | C$730.55M | -11.97 | -38.19% | ― | ― | -302.12% |
* Basic Materials Sector Average
TSE:AUXX
Gold X2 Mining
6.99
3.87
124.04%
TSE:RDS
Radisson Mining Resources
1.08
0.45
70.08%
TSE:TUD
Tudor Gold
0.82
-0.27
-24.42%
TSE:GOLD
GoldMining
1.34
-0.37
-21.64%
TSE:WRLG
West Red Lake Gold Mines
0.77
-0.22
-22.22%
TSE:SIG
Sitka Gold Corp.
1.01
-0.18
-15.13%
Gold X2 Mining Corporate Events
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesFinancial DisclosuresM&A Transactions
Gold X2 Bolsters Technical Team as It Advances Moss Gold Strategy and NYSE Listing
Positive
Sep 21, 2026
Gold X2 Mining has strengthened its technical leadership by appointing Steven Scott as Chief Geologist, bringing more than 15 years of gold exploration experience across North America. Scott will lead geological modelling, target generation and dr...
Business Operations and Strategy
Gold X2 Extends Moss Gold Mineralization With New Span Prospect Discovery
Positive
Sep 8, 2026
Gold X2 reported encouraging phase-one drill results from the Span Prospect, located about two kilometers northeast of the Moss Gold Deposit’s current resource pit. The campaign confirmed historical mineralization and, importantly, identifie...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Gold X2 Files Q2 2026 Results as Moss Gold Resources Grow
Positive
Aug 27, 2026
Gold X2 Mining Inc. has filed its second quarter 2026 financial statements and Management’s Discussion and Analysis with Canadian securities regulators, making the documents available on SEDAR+ and the company’s website. The filing pro...
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.