Maple Gold Mines Ltd (MGM) AI Stock Analysis

Maple Gold Mines Ltd

(TSXV:MGM)

Select Model

Rating:55Neutral

Price Target:CAD 2.50▲(6.84% Upside)

Action:reiterated

Date:09/22/26

The overall score reflects significant fundamental risk from zero revenue, deepening losses and sustained cash burn, despite a low-debt, equity-funded balance sheet and continued investment in projects. Strong recent price momentum above all key moving averages supports the rating but is moderated by the lack of profitability, negative P/E and absence of dividend income.

Positive Factors

Low LeverageVery low leverage limits fixed financial obligations and reduces solvency pressure while the company advances its exploration portfolio. This preserves greater flexibility to allocate capital toward projects and makes the balance sheet less exposed to interest or refinancing stress.

Negative Factors

No Revenue BaseWith no operating revenue, MGM has no internally generated sales base to fund exploration, corporate costs, or future development. Financial performance therefore depends on project progress and continued access to capital, leaving results highly sensitive to funding conditions.

Maple Gold Mines Ltd (MGM) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 173.70M
Dividend Yield: ―
Average Volume (3M): 62.81K
Price to Earnings (P/E): -6.9
Beta (1Y): 1.19
Revenue Growth: ―
EPS Growth: -208.22%
Country: Canada
Employees: 13
Sector: General
Sector Strength: 55
Industry: Gold

Maple Gold Mines Ltd Business Overview & Revenue Model

Company Description

Maple Gold Mines Ltd. is a Canadian enterprise dedicated to gold exploration. The company's portfolio includes significant interests in two key ventures within Quebec. The Douay gold project, situated in northern Quebec's Abitibi Greenstone Belt with...

Maple Gold Mines Ltd Financial Statement Overview

Summary

No revenue, widening net and operating losses, and consistently negative operating and free cash flow drive a weak financial profile, partially offset by low leverage and a growing equity-funded asset base.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-2.37M	-127.07K	-187.07K	-219.00K	-189.00K	-186.00K
EBITDA	-20.32M	-7.97M	-4.22M	-7.56M	-9.96M	-5.53M
Net Income	-19.74M	-8.19M	-4.44M	-7.03M	-10.28M	-5.93M
Balance Sheet
Total Assets	26.16M	16.50M	9.09M	4.56M	11.20M	22.34M
Cash, Cash Equivalents and Short-Term Investments	23.45M	14.72M	7.87M	3.41M	9.76M	21.91M
Total Debt	770.17K	236.96K	288.84K	316.42K	477.09K	234.99K
Total Liabilities	5.80M	1.38M	3.88M	1.53M	1.89M	4.44M
Stockholders Equity	20.36M	15.12M	5.21M	3.03M	9.30M	17.90M
Cash Flow
Free Cash Flow	-17.78M	-10.41M	-4.27M	-6.16M	-12.09M	-4.32M
Operating Cash Flow	-17.78M	-10.40M	-4.25M	-6,150	-12.04M	-4.25M
Investing Cash Flow	0	-2,700	61.91K	-57.80K	-46.49K	-27.45K
Financing Cash Flow	37.99M	17.26M	8.72M	-221.87K	-58.05K	6.16M

Maple Gold Mines Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price2.34

Price Trends

50DMA2.82Negative

100DMA2.76Negative

200DMA2.75Negative

Market Momentum

MACD-0.13Positive

RSI33.90Neutral

STOCH21.07Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MGM, the sentiment is Negative. The current price of 2.34 is below the 20-day moving average (MA) of 2.65, below the 50-day MA of 2.82, and below the 200-day MA of 2.75, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 33.90 is Neutral, neither overbought nor oversold. The STOCH value of 21.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MGM.

Maple Gold Mines Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:MGM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:LIO	59Neutral	CAD 60.17M	8.86	2.96%	―	32.01%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:MGM	55Neutral	CAD 173.70M	-6.95	-120.80%	―	―	-208.22%
TSE:PPP	42Neutral	CAD 104.20M	-8.42	-28.32%	28.53%	―	32.99%
TSE:ABI	41Neutral	CAD 62.89M	-2.02	588.69%	―	―	-41.48%
TSE:ESM	39Underperform	CAD 67.73M	-7.30	216.13%	―	―	-1700.00%

* General Sector Average

Performance Comparison

TSE:MGM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:MGM	Maple Gold Mines	2.34	0.75	47.17%
TSE:ABI	Abcourt Mines	0.05	-0.02	-26.47%
TSE:PPP	Prospector Metals Corp.	0.62	-0.24	-28.16%
TSE:ESM	Euro Sun Mining	0.15	-0.03	-16.67%
TSE:LIO	Lion One Metals	0.14	-0.12	-46.15%

Maple Gold Mines Ltd Corporate Events

Business Operations and Strategy

Maple Gold Joins European Investor Roadshow to Spotlight Douay/Joutel Project

Positive

Sep 18, 2026

Maple Gold Mines, a Canadian gold explorer, is concentrating on advancing its wholly owned Douay/Joutel project in Québec’s Abitibi gold belt, a large, well‑serviced land package with established gold resources and room for further g...

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: Sep 22, 2026

Maple Gold Mines Ltd AI Stock Analysis