One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
GoldMining Inc.
GLDG · ASE · Basic Materials · Gold
Current price
$0.78
52-week range
$0.71 - $2.27
Market cap
$168.01M
Balance sheet
Healthy
-528.31x Concerning
Net cash $32.93M. 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
GoldMining Inc.
GoldMining Inc. is a company that looks for and develops potential gold, copper, silver, and uranium mines in places like Canada, Brazil, and the United States. Their main work is finding valuable mineral deposits, which are essentially the raw ingredients for making precious metals and other valuable resources that people buy. This matters because if they find a big, profitable deposit, it could become a successful mine, which is how the company makes its money.
How the company got here
GoldMining Inc. was founded in 2009, originally under the name Brazil Resources Inc., and later changed to its current name in December 2016. The company's journey began with a focus on acquiring and exploring gold projects, particularly in Brazil. Over the years, it has strategically expanded its portfolio to include projects across the Americas, including Canada, the United States, Colombia, and Peru. This growth has been driven by a disciplined acquisition strategy aimed at building a diverse range of resource-stage gold and gold-copper projects.
What it actually does
GoldMining Inc. is a mineral exploration company. This means it's in the business of finding and evaluating areas that might contain valuable minerals, like gold and copper. They don't mine or sell the metals themselves; instead, they focus on acquiring, exploring, and developing potential mining sites. Think of them as prospectors with a corporate structure, identifying promising land and preparing it for future mining operations, or partnering with others who will.
Gold and Gold-Copper Projects
The core of GoldMining's business lies in its portfolio of resource-stage projects. These are areas where the company has identified significant deposits of gold, and sometimes copper, but they are not yet in production. Key projects include the La Mina and Titiribi gold-copper projects in Colombia, the São Jorge gold project in Brazil, and the Whistler gold-copper project in Alaska, USA. The company explores these sites to understand the size and quality of the mineral deposits, which is a crucial step before any mining can begin. This segment represents the entirety of the company's operations, as its sole focus is on mineral exploration and development.
What management is betting on now
GoldMining's current strategy revolves around responsibly advancing its exploration projects while creating long-term value. A key focus is on sustainability, ensuring that exploration and development activities minimize environmental impact and create shared value for local communities. The company is also strategically leveraging partnerships and investments to unlock the potential of its assets. This includes creating separate entities for specific projects, like U.S. GoldMining for the Whistler project, and holding stakes in other companies, such as Gold Royalty Corp., to diversify its approach and potentially monetize its holdings.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.78
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $32.9M - more cash than debt. Interest coverage -528.3x.
Net debt
$-32.93M
Interest coverage
-528.31x
GoldMining Inc.'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
GLDG
BASELINE
GoldMining Inc.
Total debt $158.64K Interest coverage -528.31x This is the baseline the peer rows are being compared against.
Total debt $0.00 Interest coverage -16.22x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -61.40x Neither company has much profit cushion over interest right now.
Total debt $1.03M Interest coverage -3.80x Neither company has much profit cushion over interest right now.
Total debt $31.74M Interest coverage 13.81x This peer still has a real interest-payment cushion, while GLDG does not.
Total debt $178.14M Interest coverage -1.72x Neither company has much profit cushion over interest right now.
What you should know
The case for and against GLDG
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -21.9% 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
-9.95x
P/B
1.18x
P/S
—
EV/EBITDA
-3.37x
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
-21.9%
ROA
-12.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
17.38x
Quick ratio
16.52x
Total debt
$158.64K
Total cash
$33.09M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.12
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-16.37M
Free CF TTM
$-16.37M
FCF margin
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Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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