One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Austin Gold Corp.
AUST · ASE · Basic Materials · Gold
Current price
$0.86
52-week range
$0.69 - $3.92
Market cap
$11.73M
Balance sheet
Healthy
-10.67x Concerning
Net cash $1.89M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Austin Gold Corp.
Austin Gold Corp. is a company that searches for gold deposits, mainly in Nevada. Its primary income comes from exploring these mineral properties, like its significant stakes in the Kelly Creek and Stockade Mountain projects. This matters because discovering valuable gold can lead to significant profits if they find enough to mine.
How the company got here
Austin Gold Corp. was founded in 2020 by a team with a track record of success in the mining industry, having been involved in building companies like Pretium Resources and SSR Mining, which achieved billion-dollar market capitalizations. The company's strategy is to focus on gold exploration in Nevada, a region known for its significant gold production. Austin Gold aims to leverage its experienced management team, which includes geologists credited with discovering substantial gold and silver deposits, to identify and develop new gold prospects. The company went public in May 2022.
What it actually does
Austin Gold Corp. is a gold exploration company. This means its primary business is not mining or selling gold, but rather searching for and evaluating areas that may contain significant gold deposits. The company acquires rights to land, conducts geological surveys, and performs drilling to determine if there's enough gold to justify the cost of mining it. Think of them as prospectors with advanced technology, looking for the next big gold find.
Lone Mountain Project
The Lone Mountain Project is located in Elko County, Nevada, an area known for its rich gold mining history, being near the Carlin and Independence-Jerritt Canyon gold trends. Austin Gold holds a significant number of claims here, covering a large area. The project is in the exploration stage, meaning that while there are indications of gold, there are no confirmed mineral resources or reserves yet. The company is actively conducting geological mapping, sampling, and planning for drilling to assess the potential for gold mineralization.
Stockade Mountain Project
Located in Malheur County, Oregon, the Stockade Mountain Project is another key focus for Austin Gold. This project is situated in a geological setting similar to nearby gold deposits. Austin Gold has been actively exploring this site, using geophysical surveys like Controlled Source Audio-Frequency Magnetotellurics (CSAMT) to understand the underground geology and identify potential gold-bearing areas. The company has also received authorization for water well drilling to support future exploration activities, indicating a progression towards more intensive exploration, including drilling.
What management is betting on now
Austin Gold's current strategy is to concentrate its efforts and resources on its most promising exploration projects, specifically the Lone Mountain Project in Nevada and the Stockade Mountain Project in Oregon. This focus comes after a strategic decision to terminate its interest in the Kelly Creek Project in Nevada, allowing management to dedicate more attention to advancing its core assets. The company is actively pursuing exploration activities, including drilling and geophysical surveys, at these key projects, aiming to discover and delineate significant gold deposits.
Price history
How the share price has moved
—
Loading price history…
Is it cheap or expensive?
Fair value — vs current price $0.86
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $1.9M - more cash than debt. Interest coverage -10.7x.
Net debt
$-1.89M
Interest coverage
-10.67x
Austin Gold Corp.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
AUST
BASELINE
Austin Gold Corp.
Total debt $0.00 Interest coverage -10.67x This is the baseline the peer rows are being compared against.
Total debt $8.25M Interest coverage -24.45x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -17.32x Neither company has much profit cushion over interest right now.
Total debt $11.80M Interest coverage -4.92x Neither company has much profit cushion over interest right now.
Total debt $81.90K Interest coverage -67.65x Neither company has much profit cushion over interest right now.
What you should know
The case for and against AUST
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -33.0% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-6.59x
P/B
1.42x
P/S
—
EV/EBITDA
-6.33x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-33.0%
ROA
-17.4%
Health
Liquidity and balance-sheet strength
Debt / equity
—
Current ratio
19.45x
Quick ratio
17.59x
Total debt
$0.00
Total cash
$1.89M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
—
EPS TTM
-0.19
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-1.48M
Free CF TTM
$-2.66M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
—