TSX

GoldMining Inc.

GOLD.TO•Basic Materials•Gold
Current Price
$1.02
Today's Change
-2.38%
Market Cap
$225.54M
Volume
256.60K
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Commodity Exposure

Gold

Current Price
$4,076.10/oz
-1.78% today
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Industry Context

Mining companies typically trade at 5-9x EV/EBITDA due to commodity price volatility. Gold price movements significantly impact profitability.

Price updated: Oct 22, 2026, 03:00 PM

💡 Quick Take

GoldMining Inc. is a mineral exploration company focused on acquiring and developing gold and copper assets in the Americas. Its strengths include a strong liquidity position with a current ratio of 3.02 and zero debt, indicating financial stability. However, the low return on equity (ROE) and return on assets (ROA) at 0.2% raise concerns about profitability and operational efficiency. The recent price drop of 2.38% may reflect market apprehension regarding its growth prospects despite a solid financial foundation.

Based on 19 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$3.10
52 Week Low$1.04
Avg Volume335.38K
Beta1.85
Shares Outstanding214.80M

🔥 Valuation

Market Cap$225.54M
Enterprise Value$196.62M
P/E Ratio-6.88
EV/EBITDA ⚠️-13.31x
Dividend Yield0.00%

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🚩 Red Flags

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Cash Runway Critical

Company has $7.1M in cash but burned $5.3M last quarter. At this burn rate, only 1.3 quarters of runway remain without additional financing.

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Significant Losses

Company posted a loss of $-15.2M over the last year, representing Infinity% of revenue.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $21.2M over the last year.

🌟 Opportunities

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Fortress balance sheet: cash covers total debt 22×, providing significant financial flexibility.

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Excellent liquidity with current ratio of 3.0x ensures operational stability.

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