One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Freegold Limited
FGOVF · OQX · Basic Materials · Other Industrial Metals & Mining
Current price
$0.81
52-week range
$0.63 - $1.41
Market cap
$468.61M
Balance sheet
Healthy
-60.40x Concerning
Net cash $42.37M. 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
Freegold Limited
Freegold Limited is an exploration stage company (a business that searches for valuable metals), meaning its main activity is looking for new gold deposits in Alaska and Canada. Since the company is not yet mining or selling gold, its business is focused on finding a discovery large enough to be profitable to mine in the future. Therefore, its value is based on the potential of finding that major gold deposit.
How the company got here
Freegold Limited has been around since 1985, originally under the name Freegold Ventures Limited. For many years, it focused on exploring for precious metals. A major turning point came in 2020 when a fresh look at the geology of its main property, the Golden Summit Project in Alaska, revealed the potential for a much larger-scale gold deposit than previously thought. This new understanding shifted the company's focus to more intensive drilling to prove out this larger potential. The company officially changed its name to Freegold Limited in July 2026.
What it actually does
Think of Freegold Limited as a treasure hunter for gold. It doesn't actually mine and sell gold yet; instead, its main business is exploring land to find large amounts of gold buried in the ground. The company acquires rights to explore properties in Alaska and Canada, and then conducts extensive testing, like drilling deep into the earth, to figure out how much gold is there and if it can be mined profitably in the future. Its success depends on finding enough gold to one day develop a mine or sell the project to a larger mining company.
Golden Summit Project
This is the company's main focus and most valuable asset, located near Fairbanks, Alaska. Freegold is spending its time and money drilling here to create a detailed map of a very large, undeveloped gold deposit. The goal is to prove to the mining world that there's enough gold to support a large-scale mine. This project is what attracts most of the investor attention, as its potential success is the primary driver of the company's value.
Shorty Creek Project
This is another exploration property Freegold holds in Alaska. It is considered a secondary project compared to the much larger Golden Summit. Here, the company is looking for both gold and copper. While it represents potential future value, it is a smaller part of the company's overall story and receives less focus and investment than Golden Summit at this stage.
What management is betting on now
The company's leadership is currently focused on proving the economic viability of the Golden Summit Project. Their main goal is to complete a Pre-Feasibility Study (a detailed report that examines whether a mining project is likely to be profitable) by early 2027. To do this, they are conducting extensive 'infill drilling' (drilling between existing holes to get a more accurate picture of the gold deposit) to better define the higher-grade areas. They are also performing metallurgical testing (tests to determine the best way to extract the gold from the rock) to show that the project can be profitable.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.81
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $42.4M - more cash than debt. Interest coverage -60.4x.
Net debt
$-42.37M
Interest coverage
-60.40x
Freegold Limited'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
FGOVF
BASELINE
Freegold Limited
Total debt $11.11K Interest coverage -60.40x This is the baseline the peer rows are being compared against.
Total debt $0.00 Interest coverage -61.40x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -16.22x 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.
Total debt $11.80M Interest coverage -4.92x Neither company has much profit cushion over interest right now.
What you should know
The case for and against FGOVF
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -4.8% 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)
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Forward P/E
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P/B
2.85x
P/S
—
EV/EBITDA
-359.64x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-4.8%
ROA
-3.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
15.58x
Quick ratio
15.50x
Total debt
$11.11K
Total cash
$42.38M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.01
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-825.48K
Free CF TTM
$-1.42M
FCF margin
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Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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