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Callinex Mines
(VCG)
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Rating:48Neutral
Price Target:
C$1.00
▼(-33.33% Downside)
Action:Reiterated
Date:10/21/26
The score is held back primarily by weak operating fundamentals (no revenue, ongoing losses, and continued cash burn), partially offset by a very strong, low-leverage balance sheet. Technicals add a modest headwind with negative MACD and price below key shorter-term moving averages, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Very low leverage
Debt of roughly $40K against $42.9M of equity leaves leverage effectively negligible, reducing refinancing pressure and preserving financial flexibility. This provides a durable solvency cushion that can help the company withstand periods without operating revenue while advancing its exploration strategy.
Negative Factors
No operating revenue
Without a reported revenue base or producing operations, Callinex cannot currently fund its activities through recurring metal sales. Its exploration-stage model therefore leaves value creation dependent on advancing assets and obtaining external capital, making financial performance less predictable over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Debt of roughly $40K against $42.9M of equity leaves leverage effectively negligible, reducing refinancing pressure and preserving financial flexibility. This provides a durable solvency cushion that can help the company withstand periods without operating revenue while advancing its exploration strategy.
Read all positive factors
Callinex Mines (VCG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$25.15M
Dividend YieldN/A
Average Volume (3M)19.75K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue GrowthN/A
EPS Growth18.98%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding22,458,536
10 Day Avg. Volume27,172
30 Day Avg. Volume19,747
Financial Highlights & Ratios
PEG Ratio0.97
Price to Book (P/B)0.34
Price to Sales (P/S)0.00
P/FCF Ratio-78.15
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)N/A
Revenue Forecast (FY)N/A
Callinex Mines Business Overview & Revenue Model
Company Description
Visionary Copper and Gold Mines Inc. is a Canadian enterprise dedicated to securing, exploring, and developing mineral properties throughout the nation. The company's primary focus is on discovering deposits of various valuable metals, including c...
How the Company Makes Money
Callinex Mines is an exploration-stage mining company, and publicly available information does not indicate recurring operating revenue from mineral production. As a result, the company typically does not “make money” through sales of metals; inst...
Callinex Mines Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
78
Positive
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -18.34K | -19.31K | -22.25K | -64.29K | -65.83K | -69.12K |
| EBITDA | -1.69M | -976.31K | -1.52M | -697.00K | 1.66M | -811.14K |
| Net Income | -848.89K | -917.89K | -1.00M | -1.28M | 41.05K | -1.15M |
Balance Sheet | ||||||
| Total Assets | 52.75M | 49.81M | 43.74M | 42.10M | 35.65M | 30.41M |
| Cash, Cash Equivalents and Short-Term Investments | 438.56K | 53.53K | 1.40M | 2.15M | 994.54K | 2.81M |
| Total Debt | 40.00K | 40.00K | 40.00K | 45.21K | 101.48K | 147.45K |
| Total Liabilities | 9.86M | 10.08M | 3.71M | 3.24M | 2.55M | 1.98M |
| Stockholders Equity | 42.89M | 39.73M | 40.03M | 38.86M | 33.11M | 28.44M |
Cash Flow | ||||||
| Free Cash Flow | -1.29M | -173.25K | -3.36M | -8.00M | -8.72M | -7.17M |
| Operating Cash Flow | -1.29M | -167.67K | -1.46M | -2.08M | -1.47M | -1.59M |
| Investing Cash Flow | -2.08M | -1.18M | -1.52M | -5.68M | -6.25M | -5.29M |
| Financing Cash Flow | 3.73M | 0.00 | 2.23M | 8.91M | 5.90M | 9.01M |
Callinex Mines Technical Analysis
Negative
1.50
Price Trends
1.34
Negative
1.35
Negative
1.10
Positive
Market Momentum
-0.03
Negative
46.98
Neutral
61.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VCG, the sentiment is Negative. The current price of 1.5 is above the 20-day moving average (MA) of 1.20, above the 50-day MA of 1.34, and above the 200-day MA of 1.10, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 46.98 is Neutral, neither overbought nor oversold. The STOCH value of 61.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VCG.
Callinex Mines 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$25.15M | -28.21 | -2.04% | ― | ― | 18.98% | |
| ― | C$13.18M | -0.55 | 74.62% | ― | ― | ― | |
46 Neutral | C$10.86M | -7.17 | -34.97% | ― | ― | -632.61% | |
42 Neutral | C$5.57M | -9.82 | -3.30% | ― | ― | -1450.00% | |
42 Neutral | C$4.87M | -3.13 | -16.18% | ― | ― | 96.80% |
* General Sector Average
TSE:VCG
Callinex Mines
1.12
0.37
49.33%
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Callinex Mines Corporate Events
Business Operations and StrategyM&A Transactions
Visionary Copper and Gold Mines Expands Point Leamington Footprint with New Mineral Licenses
Positive
Oct 27, 2026
Visionary Copper and Gold Mines Inc. has completed the acquisition of a 100% interest in three mineral licenses situated along the down-plunge trend of the Point Leamington VMS deposit in central Newfoundland. The transaction consideration totaled...
Business Operations and StrategyM&A Transactions
Visionary Copper and Gold Mines Expands Pt. Leamington Land Position in Newfoundland
Positive
Oct 22, 2026
Visionary Copper and Gold Mines Inc. has agreed to acquire three mineral licences comprising 69 mineral claims from V.A. French Geological Consultants, expanding its holdings at the Pt. Leamington VMS project in central Newfoundland. The French cl...
Business Operations and StrategyRegulatory Filings and Compliance
Visionary Wins Key Exploration Permits for High-Grade Pine Bay Copper-Gold Project
Positive
Oct 20, 2026
Visionary Copper and Gold Mines has secured exploration work permits from the Province of Manitoba for its Pine Bay and adjoining Alberts Lake properties in the Flin Flon mining district, valid through the end of 2028. The permits cover diamond dr...
Business Operations and Strategy
Visionary Tightens Grip on Pt. Leamington VMS Ground, Secures New EM Targets
Positive
Sep 22, 2026
Visionary Copper and Gold Mines has expanded its land position around the Pt. Leamington VMS deposit in central Newfoundland, consolidating ground along the interpreted down-plunge extent of the orebody. The move places the full projected depth po...
Business Operations and Strategy
Visionary to Resample Historic Core to Expand Copper Resources at Pt. Leamington
Positive
Sep 17, 2026
Visionary Copper and Gold Mines has launched a hyperspectral-guided review and resampling program of historic drill core at its Pt. Leamington VMS deposit in Newfoundland. The initiative targets previously unsampled or incompletely sampled interva...
Business Operations and Strategy
Visionary Targets Kraken Copper Upside With Historic Core Resampling at Pt. Leamington
Positive
Sep 17, 2026
Visionary Copper and Gold Mines has launched a hyperspectral-guided sampling program on historic drill core at its Pt. Leamington VMS deposit in central Newfoundland. The initiative builds on recent work that identified widespread hydrothermal alt...
Business Operations and Strategy
Visionary Wins Phase 2 Drill Approval to Expand Pt. Leamington VMS Deposit
Positive
Sep 2, 2026
Visionary Copper and Gold Mines has secured government approval for its 2026 Phase 2 diamond drilling program at the Pt. Leamington gold, copper, zinc and silver VMS deposit in Newfoundland. The project already hosts 5.0 million tonnes of indicate...
Business Operations and StrategyExecutive/Board Changes
Visionary Copper and Gold Mines Appoints New Exploration VP as Point Leamington Enters Phase 2
Positive
Aug 25, 2026
Visionary Copper and Gold Mines Inc. has appointed geologist Jason Flight as Vice President of Exploration to lead work on its Point Leamington VMS deposit in Newfoundland. Flight brings more than 15 years of exploration and mine-site experience a...
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.