Kore Mining Ltd (KORE) AI Stock Analysis

Kore Mining Ltd

(TSXV:KORE)

Select Model

Rating:43Neutral

Price Target:CAD 0.11▼(-3.64% Downside)

Action:reiterated

Date:10/06/26

The low overall score reflects very weak financial performance and ongoing cash burn as the dominant risks, reinforced by a bearish price trend and lack of fundamental valuation support; oversold technical conditions offer only a modest counterbalance.

Positive Factors

Gold project development focusKore’s focused North American gold strategy gives the company a clear operating purpose and exposure to potential resource development. Advancing mineral properties toward economically viable resources can create longer-term business optionality if exploration and evaluation activities establish investable projects.

Negative Factors

Pre-revenue business modelWith no reported revenue, Kore has not yet demonstrated an operating cash-generating business or recurring commercial demand. Financial progress therefore depends on advancing mineral properties toward an economically viable resource, leaving results and future funding needs more dependent on development outcomes.

Kore Mining Ltd (KORE) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 22.27M
Dividend Yield: ―
Average Volume (3M): 21.92K
Price to Earnings (P/E): -2.5
Beta (1Y): 1.59
Revenue Growth: ―
EPS Growth: -8.29%
Country: Canada
Employees: 6
Sector: General
Sector Strength: 55
Industry: Gold

Kore Mining Ltd Business Overview & Revenue Model

Company Description

KORE Mining Ltd. is engaged in the comprehensive process of exploring, developing, and evaluating mineral resource properties. The firm's efforts are primarily concentrated on two wholly-owned gold initiatives. One of these is the Imperial project, w...

Kore Mining Ltd Financial Statement Overview

Summary

Very weak fundamentals with zero revenue, persistent net losses, worsening operating cash burn, and past balance sheet stress, partly offset by recent debt reduction and equity recovery.

Income Statement

5Very Negative

Balance Sheet

25Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Dec 2024	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-7,299	-9,686	-37.11K	-105.00K	-192.00K	-126.00K
EBITDA	-1.49M	-1.75M	-1.47M	-1.44M	-4.00M	447.51K
Net Income	-1.52M	-1.81M	-1.55M	-1.56M	-4.22M	295.37K
Balance Sheet
Total Assets	3.06M	3.06M	2.33M	2.13M	3.32M	6.21M
Cash, Cash Equivalents and Short-Term Investments	800.41K	800.41K	4,740	22.21K	743.34K	3.59M
Total Debt	376.91K	376.91K	363.31K	314.37K	78.34K	215.66K
Total Liabilities	2.10M	2.10M	2.33M	841.41K	751.19K	961.35K
Stockholders Equity	962.32K	962.32K	3,991	1.29M	2.57M	5.25M
Cash Flow
Free Cash Flow	-2.18M	-2.20M	-84.03K	-1.01M	-3.49M	-8.37M
Operating Cash Flow	-2.18M	-2.20M	-84.03K	-1.01M	-3.49M	-8.26M
Investing Cash Flow	0	0	0	0	0	-229.00K
Financing Cash Flow	3.00M	3.00M	79.98K	216.55K	616.50K	7.18M

Kore Mining Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price0.11

Price Trends

50DMA0.14Negative

100DMA0.15Negative

200DMA0.23Negative

Market Momentum

MACD-0.01Positive

RSI31.64Neutral

STOCH6.67Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KORE, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 31.64 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KORE.

Kore Mining Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:KORE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:VVC	48Neutral	CAD 5.73M	-3.23	-9.48%	―	11.70%	-70.21%
TSE:KORE	43Neutral	CAD 9.04M	-2.47	-209.53%	―	―	-8.29%
TSE:FNX	42Neutral	CAD 8.39M	-19.23	-138.93%	―	―	16.89%
TSE:FNAU	38Underperform	CAD 16.12M	-12.36	-27.08%	―	―	-57.27%
TSE:PGC	38Underperform	CAD 6.92M	2.14	212.28%	―	―	―

* General Sector Average

Performance Comparison

TSE:KORE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:KORE	Kore Mining Ltd	0.11	-0.06	-33.33%
TSE:PGC	Plato Gold	0.03	-0.01	-14.29%
TSE:VVC	VVC Exploration	0.01	-0.00	-33.33%
TSE:FENX	Fenixoro Gold Corp.	0.07	0.00	0.00%
TSE:FNAU	Four Nines Gold, Inc. Class A	0.21	0.01	7.50%
TSE:FNX	S2 Minerals, Inc.	0.35	0.10	40.00%

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: Oct 06, 2026

Kore Mining Ltd AI Stock Analysis