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Kore Mining Ltd
(KORE)
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Rating:42Neutral
Price Target:
C$0.13
▼(-21.88% Downside)
Action:Reiterated
Date:10/06/26
The score is driven down primarily by weak financial performance (pre-revenue, recurring losses, and ongoing cash burn with deterioration in 2025), reinforced by bearish technical signals (price below key moving averages and negative MACD). Valuation is also constrained by negative earnings and no dividend support.
Positive Factors
Modest leverage
Generally modest leverage gives Kore Mining more financial flexibility than a highly debt-funded exploration company. Lower debt obligations can reduce financing pressure and preserve capacity to advance projects, although the benefit is moderated by the company’s pre-revenue status and equity volatility.
Negative Factors
No operating revenue
With no reported revenue, Kore Mining has not yet demonstrated an operating business capable of internally funding exploration or development. Its financial progress therefore depends on advancing projects toward economic viability and securing external capital before commercial cash inflows emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
Generally modest leverage gives Kore Mining more financial flexibility than a highly debt-funded exploration company. Lower debt obligations can reduce financing pressure and preserve capacity to advance projects, although the benefit is moderated by the company’s pre-revenue status and equity volatility.
Read all positive factors
Kore Mining Ltd (KORE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$10.68M
Dividend YieldN/A
Average Volume (3M)25.44K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue GrowthN/A
EPS Growth-8.29%
CountryCA
Employees6
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding82,151,930
10 Day Avg. Volume41,631
30 Day Avg. Volume25,444
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)11.87
Price to Sales (P/S)0.00
P/FCF Ratio-5.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
Kore Mining Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
16
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.69K | -37.11K | -105.00K | -192.00K | -126.00K |
| EBITDA | -1.75M | -1.47M | -1.44M | -4.00M | 447.51K |
| Net Income | -1.81M | -1.55M | -1.56M | -4.22M | 295.37K |
Balance Sheet | |||||
| Total Assets | 3.06M | 2.33M | 2.13M | 3.32M | 6.21M |
| Cash, Cash Equivalents and Short-Term Investments | 800.41K | 4.74K | 22.21K | 743.34K | 3.59M |
| Total Debt | 376.91K | 363.31K | 314.37K | 78.34K | 215.66K |
| Total Liabilities | 2.10M | 2.33M | 841.41K | 751.19K | 961.35K |
| Stockholders Equity | 962.32K | 3.99K | 1.29M | 2.57M | 5.25M |
Cash Flow | |||||
| Free Cash Flow | -2.20M | -84.03K | -1.01M | -3.49M | -8.37M |
| Operating Cash Flow | -2.20M | -84.03K | -1.01M | -3.49M | -8.26M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | -229.00K |
| Financing Cash Flow | 3.00M | 79.98K | 216.55K | 616.50K | 7.18M |
Kore Mining Ltd Technical Analysis
Negative
0.16
Price Trends
0.16
Negative
0.17
Negative
0.25
Negative
Market Momentum
>-0.01
Positive
33.57
Neutral
>-0.01
Positive
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 0.16 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.16, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.57 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$5.73M | -3.23 | -9.48% | ― | 11.70% | -70.21% | |
46 Neutral | C$6.92M | 2.56 | 212.28% | ― | ― | ― | |
46 Neutral | C$8.16M | -18.48 | -103.96% | ― | ― | 16.44% | |
42 Neutral | C$10.68M | -2.92 | -209.53% | ― | ― | -8.29% | |
41 Neutral | C$20.99M | -16.09 | -27.08% | ― | ― | -57.27% |
* General Sector Average
TSE:KORE
Kore Mining Ltd
0.13
-0.09
-40.91%
TSE:PGC
Plato Gold
0.03
-0.01
-25.00%
TSE:VVC
VVC Exploration
0.01
>-0.01
-33.33%
TSE:FENX
FenixOro Gold
0.08
0.00
0.00%
TSE:FNAU
Four Nines Gold
0.28
0.05
21.74%
TSE:FNX
S2 Minerals
0.34
0.06
21.43%
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.