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
$0.97
52-week range
$0.80 - $2.27
Market cap
$208.76M
Balance sheet
Healthy
-528.31x Concerning
Net cash $57.53M. 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 an exploration company that searches for valuable metals like gold and copper on land it owns across North and South America. Instead of operating active mines, its main business is exploring these properties to see if they contain enough metal to be mined in the future. Therefore, the company's value is tied to the potential of discovering a large mineral deposit or to a rise in the price of gold, which would make its land more valuable.
How the company got here
Founded in 2009 as Brazil Resources Inc., the company changed its name to GoldMining Inc. in 2016. Its strategy has been to acquire a variety of gold projects across the Americas, particularly during downturns in the market. This has allowed them to assemble a large portfolio of properties in various stages of exploration. The company is a mineral exploration company, which means it focuses on finding and evaluating mineral deposits rather than actively mining them for revenue.
What it actually does
GoldMining Inc. is in the business of acquiring and exploring land that is believed to contain gold and other valuable minerals like copper and uranium. Think of them as a real estate developer for natural resources; they secure the rights to promising properties and then conduct studies and drilling to determine how much gold or other minerals might be underground. They don't currently operate any active mines to produce and sell gold. Instead, their goal is to prove the value of their projects and then potentially sell them to larger mining companies or partner with them to develop a mine.
Mineral Property Exploration
This is the company's core and only significant business. GoldMining holds a diverse collection of exploration-stage projects in countries like Canada, the United States, Brazil, Colombia, and Peru. They spend money on activities like drilling and geological surveys to better understand the amount of gold and copper these properties might hold. Since they are not yet mining and selling gold, this segment does not generate revenue but instead focuses on increasing the potential value of its assets.
Strategic Investments
A smaller part of their business involves investing in other related companies. For example, GoldMining owns a significant portion of Gold Royalty Corp., a company that, instead of mining, buys the rights to receive a small percentage of future revenue (a royalty) from mines operated by others. They also hold strategic investments in other exploration companies like U.S. GoldMining Inc. and NevGold Corp. This gives them a way to have a financial interest in the broader mining industry without directly managing every project.
What management is betting on now
Management's current focus is on advancing their existing projects to demonstrate their value. This involves conducting more drilling and economic studies to show that the gold and copper in their properties could one day be profitably mined. They are also looking for strategic partnerships or other ways to unlock the value of their large portfolio of mineral assets. The company maintains a strong financial position with cash and no debt, giving them the flexibility to fund these exploration activities.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.97
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $57.5M - more cash than debt. Interest coverage -528.3x.
Net debt
$-57.53M
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 $176.79K 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 $174.33M 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 -15.4% 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
-12.50x
P/B
1.29x
P/S
—
EV/EBITDA
-4.24x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-15.4%
ROA
-10.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
39.65x
Quick ratio
38.42x
Total debt
$176.79K
Total cash
$57.70M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.08
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-16.42M
Free CF TTM
$-16.42M
FCF margin
—
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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