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Minaurum Gold
(MGG)
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Rating:42Neutral
Price Target:
C$0.22
▼(-40.81% Downside)
Action:Reiterated
Date:10/23/26
The score is weighed down primarily by weak financial performance: no revenue, widening net losses, and deteriorating free cash flow that increases reliance on external financing despite having no debt. Technicals also remain bearish, with the stock trading below all key moving averages and a negative MACD, though oversold indicators provide only a modest offset. Valuation is constrained by negative earnings and no dividend yield support.
Positive Factors
Debt-free balance sheet
The absence of reported debt reduces interest obligations and refinancing exposure, giving Minaurum greater flexibility while it advances exploration projects. Although the company remains cash-consuming, a debt-free structure avoids the added pressure that leverage would place on future financing and operating decisions.
Negative Factors
No revenue base
A sustained absence of revenue means Minaurum has no demonstrated operating sales base to fund exploration or support future profitability. The company therefore remains dependent on capital availability while projects are advanced, and its financial performance is highly exposed to the success and timing of exploration outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt reduces interest obligations and refinancing exposure, giving Minaurum greater flexibility while it advances exploration projects. Although the company remains cash-consuming, a debt-free structure avoids the added pressure that leverage would place on future financing and operating decisions.
Read all positive factors
Minaurum Gold (MGG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$108.63M
Dividend YieldN/A
Average Volume (3M)301.30K
Price to Earnings (P/E)―
Beta (1Y)3.93
Revenue GrowthN/A
EPS Growth-175.00%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.05
Shares Outstanding517,267,300
10 Day Avg. Volume267,871
30 Day Avg. Volume301,300
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)6.23
Price to Sales (P/S)0.00
P/FCF Ratio-10.15
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)-0.01
Revenue Forecast (FY)N/A
Minaurum Gold Business Overview & Revenue Model
Company Description
Minaurum Gold Inc. is an early-stage mining firm focused on identifying, assessing, and developing mineral prospects across Mexico. Its exploratory efforts target deposits rich in precious metals like gold and silver, as well as base metals such a...
Minaurum Gold Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -22.13M | -16.33M | -4.56M | -1.82M | -2.44M | -6.58M |
| Net Income | -23.33M | -17.48M | -5.72M | -3.73M | -7.69M | -6.58M |
Balance Sheet | ||||||
| Total Assets | 19.71M | 26.32M | 7.66M | 8.28M | 10.55M | 16.70M |
| Cash, Cash Equivalents and Short-Term Investments | 13.17M | 19.85M | 1.21M | 739.41K | 1.90M | 8.76M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.76M | 1.27M | 570.15K | 688.01K | 362.26K | 826.31K |
| Stockholders Equity | 17.95M | 25.05M | 7.09M | 7.59M | 10.19M | 15.87M |
Cash Flow | ||||||
| Free Cash Flow | -21.41M | -15.36M | -4.24M | -1.57M | -4.95M | -6.11M |
| Operating Cash Flow | -21.41M | -15.36M | -4.24M | -1.57M | -4.15M | -6.11M |
| Investing Cash Flow | -37.03K | -332.25K | -400.95K | -96.53K | -662.16K | -157.91K |
| Financing Cash Flow | 26.10M | 34.13M | 5.17M | 782.18K | 0.00 | 8.49M |
Minaurum Gold Technical Analysis
Negative
0.37
Price Trends
0.32
Negative
0.32
Negative
0.38
Negative
Market Momentum
-0.03
Positive
29.36
Positive
24.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MGG, the sentiment is Negative. The current price of 0.37 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.32, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 29.36 is Positive, neither overbought nor oversold. The STOCH value of 24.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MGG.
Minaurum Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$215.63M | 10.12 | 34.79% | ― | 95.04% | 247.07% | |
63 Neutral | C$113.71M | 8.42 | 4.37% | 6.88% | 22.69% | -20.87% | |
58 Neutral | C$100.52M | 17.78 | 23.88% | ― | ― | 62.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$93.81M | -10.31 | -10.51% | ― | ― | -108.87% | |
42 Neutral | C$108.63M | -4.43 | -110.09% | ― | ― | -175.00% |
* General Sector Average
TSE:MGG
Minaurum Gold
0.21
-0.11
-33.87%
TSE:GG
Golconda Gold
2.98
1.10
58.51%
TSE:MJS
Majestic Gold
0.08
-0.08
-50.33%
TSE:NCAU
Newcore Gold
0.28
-0.39
-58.65%
TSE:XTG
Xtra-Gold Resource
2.11
-1.23
-36.83%
Minaurum Gold Corporate Events
Business Operations and Strategy
Minaurum Silver Uncovers High-Grade Blind Vein at Alamos Project
Positive
Oct 22, 2026
Minaurum Silver has reported the discovery of a high-grade blind vein, named the Africa vein zone, at its Alamos Silver Project in Sonora, Mexico, with drilling returning up to 669 g/t silver equivalent over 2.05 metres. The vein, located in the f...
Business Operations and Strategy
Minaurum Silver Extends High-Grade Veins at Alamos Project in Mexico
Positive
Sep 22, 2026
Minaurum Silver reported new high-grade drill results from the Europa, Quintera, San Jose and Promontorio Sur vein zones at its Alamos Silver Project in Sonora, Mexico, as part of a 50,000‑metre Phase II resource‑expansion program. The...
Business Operations and Strategy
Minaurum Silver Advances Rehabilitation and High-Grade Exploration at Historic Promontorio Mine
Positive
Sep 22, 2026
Minaurum Silver has advanced underground rehabilitation at the historic Promontorio mine within its Alamos Silver Project in Sonora, Mexico, securing safe access to over 600 metres of the main haulage level and a 55‑metre internal shaft. The...
Business Operations and StrategyExecutive/Board Changes
Minaurum Silver Bolsters Alamos Project Team With Key Mine Appointments
Positive
Sep 16, 2026
Minaurum Silver has strengthened its operational leadership at the Alamos silver project in Sonora, Mexico, by naming Fernando Robles Noriega as Operations Manager and veteran engineer Nicolas Figueroa Tapia to its Advisory Board. Both bring exten...
Business Operations and Strategy
Minaurum Silver Expands High-Grade Zones at Alamos Project in Mexico
Positive
Aug 25, 2026
Minaurum Silver reported strong Phase II drill results from the Quintera and Europa Sur vein zones at its Alamos Silver Project in Sonora, Mexico, underscoring the potential for significant resource expansion. Key intercepts include 26.30 m gradin...
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.