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Quimbaya Gold Inc (TSE:QIM)
:QIM
Canadian Market

Quimbaya Gold Inc (QIM) AI Stock Analysis

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Quimbaya Gold Inc

(QIM)

37Underperform
Quimbaya Gold Inc's overall stock score is low due to significant financial challenges, including no revenue and high operational losses. While recent corporate events and exploration initiatives show promise, the lack of earnings and unattractive valuation metrics limit the stock's appeal. Technical indicators are neutral, providing little momentum to offset these financial concerns.

Quimbaya Gold Inc (QIM) vs. S&P 500 (SPY)

Quimbaya Gold Inc Business Overview & Revenue Model

Company DescriptionQuimbaya Gold Inc., together with its subsidiary, Golden Pacifico Exploration SAS, engages in the acquisition, exploration, and development of mineral properties in Colombia. It explores for gold and silver deposits. The company primarily holds a 100% interest in the Berrio project that consists of one concession contract covering an area of 1,218.88 hectares located in Antioquia. Quimbaya Gold Inc. was incorporated in 2020 and is based in Calgary, Canada.
How the Company Makes Money

Quimbaya Gold Inc Financial Statement Overview

Summary
Quimbaya Gold Inc is facing financial difficulties with no revenue generation, high operational losses, and reliance on financing to sustain operations. The balance sheet indicates financial stability risks, while cash flows highlight ongoing cash burn and dependence on external funding.
Income Statement
10
Very Negative
Quimbaya Gold Inc has reported no revenue over the past periods, indicating a lack of income-generating operations. The company consistently incurs losses, as seen in the negative net income and EBIT margins, reflecting ongoing operational challenges without offsetting revenue.
Balance Sheet
35
Negative
The balance sheet shows a relatively high equity ratio, indicating a reliance on equity financing with a low debt-to-equity ratio. However, the declining stockholders' equity and increasing liabilities over recent periods suggest financial instability.
Cash Flow
20
Very Negative
The company has negative operating and free cash flows, reflecting operational cash burn without income. Cash flow from financing is positive, highlighting reliance on external funding to manage its cash needs. No significant improvement in free cash flow is evident.
Breakdown
Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
0.000.000.000.00
Gross Profit
0.000.000.000.00
EBIT
-1.22M-968.39K-798.21K-24.75K
EBITDA
-1.16M-968.39K-798.21K-25.27K
Net Income Common Stockholders
-1.21M-968.39K-803.30K-27.65K
Balance SheetCash, Cash Equivalents and Short-Term Investments
20.66K330.68K1.13M26.37K
Total Assets
4.73M630.76K1.35M213.54K
Total Debt
248.69K0.000.0025.01K
Net Debt
228.03K-330.68K-1.13M-1.36K
Total Liabilities
448.18K85.07K68.41K32.85K
Stockholders Equity
4.28M545.69K1.28M180.69K
Cash FlowFree Cash Flow
-1.27M-724.68K-553.32K-204.59K
Operating Cash Flow
-1.27M-724.68K-553.32K-19.02K
Investing Cash Flow
-421.08K0.000.00-185.58K
Financing Cash Flow
1.38M-64.39K1.66M231.00K

Quimbaya Gold Inc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.50
Price Trends
50DMA
0.46
Positive
100DMA
0.39
Positive
200DMA
0.40
Positive
Market Momentum
MACD
<0.01
Positive
RSI
54.67
Neutral
STOCH
45.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QIM, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.46, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.67 is Neutral, neither overbought nor oversold. The STOCH value of 45.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:QIM.

Quimbaya Gold Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSAEM
78
Outperform
C$77.61B23.3111.45%1.44%32.68%419.46%
TSNGD
74
Outperform
$4.19B22.9514.62%23.61%
TSBTO
66
Neutral
$5.90B-18.54%4.78%-0.18%-2195.85%
49
Neutral
$1.96B-1.28-21.20%3.73%0.86%-29.40%
TSQIM
37
Underperform
-67.54%-22.29%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:QIM
Quimbaya Gold Inc
0.50
0.12
31.58%
TSE:NGD
New Gold
5.30
2.75
107.84%
TSE:BTO
B2Gold
4.08
0.77
23.45%
TSE:AEM
Agnico Eagle
153.51
64.88
73.21%

Quimbaya Gold Inc Corporate Events

Business Operations and Strategy
Quimbaya Gold Reports Promising Sampling Results at Tahami North
Positive
Jan 30, 2025

Quimbaya Gold Inc. announced significant results from its rock sampling program at the Tahami North project in Segovia, Colombia, revealing gold grades up to 5.86 g/t and silver grades up to 133 g/t. These findings highlight the promising potential of the gold-silver vein systems within the company’s claims, signifying a substantial step forward in understanding the area’s mineralization. The results lay a strong foundation for further exploration and drilling, potentially enhancing the company’s project portfolio and exploration activities in the region.

Product-Related AnnouncementsBusiness Operations and Strategy
Quimbaya Gold Launches LIDAR Survey to Boost Colombian Project
Positive
Jan 23, 2025

Quimbaya Gold Inc. has initiated a LIDAR survey at their Tahami South Project in Colombia to collect high-resolution geospatial data. This data will aid in topographic mapping and terrain analysis, enhancing exploration, drilling, and project planning efforts, potentially strengthening the company’s operational efficiency and competitive positioning in the gold mining sector.

Executive/Board ChangesPrivate Placements and FinancingBusiness Operations and Strategy
Quimbaya Gold Strengthens Exploration Efforts with New VP Appointment and Debt Settlement
Positive
Jan 20, 2025

Quimbaya Gold Inc. has appointed Ricardo Sierra as Vice-President of Exploration, leveraging his extensive experience in exploration across Colombia, Chile, Cuba, and Brazil. This strategic appointment is expected to enhance the company’s exploration efforts in one of the world’s richest gold districts, particularly in Antioquia, Colombia. Additionally, Quimbaya has entered into a debt settlement agreement with a creditor, issuing common shares to settle outstanding indebtedness, which reflects the company’s financial maneuvering to strengthen its financial standing.

Quimbaya Gold Inc. to Showcase at 2025 Vancouver Resource Investment Conference
Jan 12, 2025

Quimbaya Gold Inc. announced its participation in the 2025 Vancouver Resource Investment Conference, a significant event in the junior mining sector. This opportunity allows Quimbaya to connect with investors and promote its exploration projects in Antioquia, Colombia. The conference is expected to provide tailored meetings and insights into mining trends, which is crucial for Quimbaya as it embarks on an active exploration year, potentially strengthening its position in the gold mining industry.

Quimbaya Gold Secures $651,500 in Private Placement
Dec 23, 2024

Quimbaya Gold Inc. has successfully closed a non-brokered private placement, raising $651,500 to fund exploration and working capital. The placement involved the issuance of 2,171,665 units, each comprising one common share and one warrant. The company remains focused on its mining projects in Colombia’s Antioquia Department.

Quimbaya Gold Completes Private Placement and Debt Settlement
Dec 12, 2024

Quimbaya Gold Inc. has successfully completed a private placement and a debt settlement, raising $196,000 through the sale of 653,332 units. The funds will be used for exploration and working capital, while the debt settlement involved issuing 711,603 units to settle outstanding debts worth $213,481. These transactions also included related party agreements, with securities subject to a four-month hold period under Canadian laws.

Quimbaya Gold Completes Private Placement and Debt Settlement
Dec 12, 2024

Quimbaya Gold Inc. has successfully closed a non-brokered private placement, raising $196,000 through the sale of 653,332 units, each including one common share and one warrant. Additionally, the company settled $213,481 in debt by issuing 711,603 units to creditors. The proceeds will be used for exploration and working capital, with all transactions subject to a four-month hold period under Canadian securities laws.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.