Tiernan Gold (TNGD) 주식 개요티에난 골드 주식회사는 금 매장지 채굴에 종사합니다. 자세히 보기TNGD 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장0/6과거 실적0/6재무 건전성6/6배당0/6위험 분석높은 수준의 비현금 수입수익이 USD$1m 미만입니다($0)모든 위험 점검 보기TNGD Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW498,716 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG498,716 investors already sharing narrativesYour Fair ValueCA$Current PriceCA$7.39해당 없음내재 할인율Est. Revenue$PastFuture-374k12m2016201920222025202620282031Revenue US$1.0Earnings US$0AdvancedSet Fair ValueView all narrativesTiernan Gold Corp. 경쟁사Monument MiningSymbol: TSXV:MMYMarket cap: CA$287.4mWest Red Lake Gold MinesSymbol: TSXV:WRLGMarket cap: CA$276.7mVox RoyaltySymbol: TSX:VOXRMarket cap: CA$472.0mDynacor GroupSymbol: TSX:DNGMarket cap: CA$253.8m가격 이력 및 성과Tiernan Gold 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가CA$7.3952주 최고가CA$10.9952주 최저가CA$2.20베타-1.551개월 변동2.64%3개월 변동-20.11%1년 변동160.52%3년 변동644.33%5년 변동363.14%IPO 이후 변동421.03%최근 뉴스 및 업데이트공시 • Jul 02Tiernan Gold Corp. Reports Phase 1 Metallurgical Results for Volcan Gold ProjectTiernan Gold Corp. announced results from Phase 1 diagnostic leach and gold deportment results from 36 variability samples from the Volcan Gold Project, located in the Maricunga Gold Belt, Atacama Region, Chile. The Phase 1 program was designed to characterize gold deportment and cyanide solubility across multiple grade ranges and sample groups. The work provides an initial metallurgical dataset that will guide the next phase of testwork supporting the permit engineering and Pre-Feasibility Study workstream. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% across the 36 samples, with a median of 78.3% and a range of 42.3% to 92.8%. The higher-grade sample groups returned average combined cyanide-soluble gold distributions of 77.8% and 81.0%, respectively. These results are diagnostic test results and should not be interpreted as projected heap leach recoveries. 36 variability samples were tested across a number of grade profiles, with assay head grades ranging from 0.30 g/t Au to 3.23 g/t Au. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% and returned a median of 78.3% across all samples. Higher-grade samples averaged 77.8% and 81.0% combined cyanide-soluble gold distribution. Stage 1 cyanide leaching accounted for an average of 64.0% gold distribution, while Stage 2 added an average of 11.1%. A minority of samples returned lower cyanide-soluble gold distributions. These samples are being reviewed against geological, alteration and mineralogical data to determine whether they represent discrete metallurgical domains requiring specific treatment in Phase 2 testwork and Pre-Feasibility Study recovery modelling. The Phase 1 diagnostic leach testing was completed by SGS Canada Inc. as part of Tiernan's current metallurgical program for Volcan. The diagnostic leach tests were conducted on 36 variability samples at a nominal P80 of 75 microns. The test sequence included acid leaching followed by two stages of cyanide leaching to assess gold and copper deportment, cyanide solubility and residual gold across the sample set. The results are summarized below: Sample Group Number of Samples Assay Head Grade Range (g/t Au) Average Stage 1 + Stage 2 Cyanide-Soluble Gold Distribution Recovery Range Low grade 7 0.54 - 0.70 75.5% 50.5% - 86.4% Medium grade 7 0.78 - 1.23 71.8% 42.3% - 81.0% High grade 8 1.32 - 1.90 77.8% 47.3% - 90.7% Super-high grade 6 2.00 - 3.23 81.0% 60.7% - 92.8% Stockpile-designated 8 0.30 - 0.46 70.5% 50.9% - 84.1% Total 36 0.30 - 3.23 75.1% 42.3% - 92.8%. The Phase 1 results will be used to refine the design of Phase 2 metallurgical testwork. Key workstreams are expected to include: follow-up review of lower-response samples against geological, alteration and mineralogical data; evaluation of gold response by metallurgical domain and grade range; coarse-ore leach testing at varying crush sizes; comparison of high-pressure grinding rolls and conventional crushing products; further assessment of cyanide consumption, acid-soluble copper and copper management parameters; and process-design support for carbon-in-column and SART considerations. The Phase 1 diagnostic leach tests were completed at a nominal P80 of 75 microns, with mild sulphuric acid leaching conducted for 24 hours to quantify acid soluble copper, followed by Stage 1 cyanide leaching conducted for 24 hours at approximately 1 kg/t sodium cyanide, and Stage 2 cyanide leaching conducted for a further 24 hours at approximately 2 kg/t sodium cyanide. The tests were conducted at 33% solids and pH 10.5 to 11.0. These are diagnostic test conditions designed to characterize gold deportment and cyanide solubility and are not intended to simulate final heap leach or agitated leach operating conditions.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$6.45, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 468% over the past three years.New Risk • May 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (30% accrual ratio). Revenue is less than US$1m.공시 • Apr 28Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026.Board Change • Dec 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Greg McCunn was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.더 많은 업데이트 보기Recent updates공시 • Jul 02Tiernan Gold Corp. Reports Phase 1 Metallurgical Results for Volcan Gold ProjectTiernan Gold Corp. announced results from Phase 1 diagnostic leach and gold deportment results from 36 variability samples from the Volcan Gold Project, located in the Maricunga Gold Belt, Atacama Region, Chile. The Phase 1 program was designed to characterize gold deportment and cyanide solubility across multiple grade ranges and sample groups. The work provides an initial metallurgical dataset that will guide the next phase of testwork supporting the permit engineering and Pre-Feasibility Study workstream. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% across the 36 samples, with a median of 78.3% and a range of 42.3% to 92.8%. The higher-grade sample groups returned average combined cyanide-soluble gold distributions of 77.8% and 81.0%, respectively. These results are diagnostic test results and should not be interpreted as projected heap leach recoveries. 36 variability samples were tested across a number of grade profiles, with assay head grades ranging from 0.30 g/t Au to 3.23 g/t Au. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% and returned a median of 78.3% across all samples. Higher-grade samples averaged 77.8% and 81.0% combined cyanide-soluble gold distribution. Stage 1 cyanide leaching accounted for an average of 64.0% gold distribution, while Stage 2 added an average of 11.1%. A minority of samples returned lower cyanide-soluble gold distributions. These samples are being reviewed against geological, alteration and mineralogical data to determine whether they represent discrete metallurgical domains requiring specific treatment in Phase 2 testwork and Pre-Feasibility Study recovery modelling. The Phase 1 diagnostic leach testing was completed by SGS Canada Inc. as part of Tiernan's current metallurgical program for Volcan. The diagnostic leach tests were conducted on 36 variability samples at a nominal P80 of 75 microns. The test sequence included acid leaching followed by two stages of cyanide leaching to assess gold and copper deportment, cyanide solubility and residual gold across the sample set. The results are summarized below: Sample Group Number of Samples Assay Head Grade Range (g/t Au) Average Stage 1 + Stage 2 Cyanide-Soluble Gold Distribution Recovery Range Low grade 7 0.54 - 0.70 75.5% 50.5% - 86.4% Medium grade 7 0.78 - 1.23 71.8% 42.3% - 81.0% High grade 8 1.32 - 1.90 77.8% 47.3% - 90.7% Super-high grade 6 2.00 - 3.23 81.0% 60.7% - 92.8% Stockpile-designated 8 0.30 - 0.46 70.5% 50.9% - 84.1% Total 36 0.30 - 3.23 75.1% 42.3% - 92.8%. The Phase 1 results will be used to refine the design of Phase 2 metallurgical testwork. Key workstreams are expected to include: follow-up review of lower-response samples against geological, alteration and mineralogical data; evaluation of gold response by metallurgical domain and grade range; coarse-ore leach testing at varying crush sizes; comparison of high-pressure grinding rolls and conventional crushing products; further assessment of cyanide consumption, acid-soluble copper and copper management parameters; and process-design support for carbon-in-column and SART considerations. The Phase 1 diagnostic leach tests were completed at a nominal P80 of 75 microns, with mild sulphuric acid leaching conducted for 24 hours to quantify acid soluble copper, followed by Stage 1 cyanide leaching conducted for 24 hours at approximately 1 kg/t sodium cyanide, and Stage 2 cyanide leaching conducted for a further 24 hours at approximately 2 kg/t sodium cyanide. The tests were conducted at 33% solids and pH 10.5 to 11.0. These are diagnostic test conditions designed to characterize gold deportment and cyanide solubility and are not intended to simulate final heap leach or agitated leach operating conditions.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$6.45, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 468% over the past three years.New Risk • May 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (30% accrual ratio). Revenue is less than US$1m.공시 • Apr 28Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026.Board Change • Dec 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Greg McCunn was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.주주 수익률TNGDCA Metals and MiningCA 시장7D3.5%6.5%1.3%1Y160.5%65.9%29.9%전체 주주 수익률 보기수익률 대 산업: TNGD은 지난 1년 동안 65.9%의 수익을 기록한 Canadian Metals and Mining 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: TNGD은 지난 1년 동안 29.9%를 기록한 Canadian 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is TNGD's price volatile compared to industry and market?TNGD volatilityTNGD Average Weekly Movement8.4%Metals and Mining Industry Average Movement10.9%Market Average Movement9.7%10% most volatile stocks in CA Market16.8%10% least volatile stocks in CA Market3.7%안정적인 주가: TNGD는 지난 3개월 동안 Canadian 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: TNGD의 주간 변동성은 지난 1년간 15%에서 8%로 감소했습니다.회사 소개설립직원 수CEO웹사이트n/a3Fausto Di Trapanitiernangold.com티에난 골드는 금 매장지 채굴에 종사하고 있습니다. 칠레 아타카마 지역에 위치한 볼칸 금 프로젝트 개발에 주력하고 있습니다. 이 회사는 캐나다 밴쿠버에 본사를 두고 있습니다.더 보기Tiernan Gold Corp. 기초 지표 요약Tiernan Gold의 순이익과 매출은 시가총액과 어떻게 비교됩니까?TNGD 기초 통계시가총액CA$348.53m순이익 (TTM)CA$17.63m매출 (TTM)n/a20.2x주가수익비율(P/E)0.0x주가매출비율(P/S)TNGD는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표TNGD 손익계산서 (TTM)매출US$0매출원가US$0총이익US$0기타 비용-US$12.41m순이익US$12.41m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.26총이익률0.00%순이익률0.00%부채/자본 비율0%TNGD의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/06 03:20종가2026/07/06 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tiernan Gold Corp.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Peter BellCanaccord Genuity
공시 • Jul 02Tiernan Gold Corp. Reports Phase 1 Metallurgical Results for Volcan Gold ProjectTiernan Gold Corp. announced results from Phase 1 diagnostic leach and gold deportment results from 36 variability samples from the Volcan Gold Project, located in the Maricunga Gold Belt, Atacama Region, Chile. The Phase 1 program was designed to characterize gold deportment and cyanide solubility across multiple grade ranges and sample groups. The work provides an initial metallurgical dataset that will guide the next phase of testwork supporting the permit engineering and Pre-Feasibility Study workstream. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% across the 36 samples, with a median of 78.3% and a range of 42.3% to 92.8%. The higher-grade sample groups returned average combined cyanide-soluble gold distributions of 77.8% and 81.0%, respectively. These results are diagnostic test results and should not be interpreted as projected heap leach recoveries. 36 variability samples were tested across a number of grade profiles, with assay head grades ranging from 0.30 g/t Au to 3.23 g/t Au. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% and returned a median of 78.3% across all samples. Higher-grade samples averaged 77.8% and 81.0% combined cyanide-soluble gold distribution. Stage 1 cyanide leaching accounted for an average of 64.0% gold distribution, while Stage 2 added an average of 11.1%. A minority of samples returned lower cyanide-soluble gold distributions. These samples are being reviewed against geological, alteration and mineralogical data to determine whether they represent discrete metallurgical domains requiring specific treatment in Phase 2 testwork and Pre-Feasibility Study recovery modelling. The Phase 1 diagnostic leach testing was completed by SGS Canada Inc. as part of Tiernan's current metallurgical program for Volcan. The diagnostic leach tests were conducted on 36 variability samples at a nominal P80 of 75 microns. The test sequence included acid leaching followed by two stages of cyanide leaching to assess gold and copper deportment, cyanide solubility and residual gold across the sample set. The results are summarized below: Sample Group Number of Samples Assay Head Grade Range (g/t Au) Average Stage 1 + Stage 2 Cyanide-Soluble Gold Distribution Recovery Range Low grade 7 0.54 - 0.70 75.5% 50.5% - 86.4% Medium grade 7 0.78 - 1.23 71.8% 42.3% - 81.0% High grade 8 1.32 - 1.90 77.8% 47.3% - 90.7% Super-high grade 6 2.00 - 3.23 81.0% 60.7% - 92.8% Stockpile-designated 8 0.30 - 0.46 70.5% 50.9% - 84.1% Total 36 0.30 - 3.23 75.1% 42.3% - 92.8%. The Phase 1 results will be used to refine the design of Phase 2 metallurgical testwork. Key workstreams are expected to include: follow-up review of lower-response samples against geological, alteration and mineralogical data; evaluation of gold response by metallurgical domain and grade range; coarse-ore leach testing at varying crush sizes; comparison of high-pressure grinding rolls and conventional crushing products; further assessment of cyanide consumption, acid-soluble copper and copper management parameters; and process-design support for carbon-in-column and SART considerations. The Phase 1 diagnostic leach tests were completed at a nominal P80 of 75 microns, with mild sulphuric acid leaching conducted for 24 hours to quantify acid soluble copper, followed by Stage 1 cyanide leaching conducted for 24 hours at approximately 1 kg/t sodium cyanide, and Stage 2 cyanide leaching conducted for a further 24 hours at approximately 2 kg/t sodium cyanide. The tests were conducted at 33% solids and pH 10.5 to 11.0. These are diagnostic test conditions designed to characterize gold deportment and cyanide solubility and are not intended to simulate final heap leach or agitated leach operating conditions.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$6.45, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 468% over the past three years.
New Risk • May 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (30% accrual ratio). Revenue is less than US$1m.
공시 • Apr 28Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026.
Board Change • Dec 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Greg McCunn was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Jul 02Tiernan Gold Corp. Reports Phase 1 Metallurgical Results for Volcan Gold ProjectTiernan Gold Corp. announced results from Phase 1 diagnostic leach and gold deportment results from 36 variability samples from the Volcan Gold Project, located in the Maricunga Gold Belt, Atacama Region, Chile. The Phase 1 program was designed to characterize gold deportment and cyanide solubility across multiple grade ranges and sample groups. The work provides an initial metallurgical dataset that will guide the next phase of testwork supporting the permit engineering and Pre-Feasibility Study workstream. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% across the 36 samples, with a median of 78.3% and a range of 42.3% to 92.8%. The higher-grade sample groups returned average combined cyanide-soluble gold distributions of 77.8% and 81.0%, respectively. These results are diagnostic test results and should not be interpreted as projected heap leach recoveries. 36 variability samples were tested across a number of grade profiles, with assay head grades ranging from 0.30 g/t Au to 3.23 g/t Au. Combined Stage 1 and Stage 2 cyanide-soluble gold distribution averaged 75.1% and returned a median of 78.3% across all samples. Higher-grade samples averaged 77.8% and 81.0% combined cyanide-soluble gold distribution. Stage 1 cyanide leaching accounted for an average of 64.0% gold distribution, while Stage 2 added an average of 11.1%. A minority of samples returned lower cyanide-soluble gold distributions. These samples are being reviewed against geological, alteration and mineralogical data to determine whether they represent discrete metallurgical domains requiring specific treatment in Phase 2 testwork and Pre-Feasibility Study recovery modelling. The Phase 1 diagnostic leach testing was completed by SGS Canada Inc. as part of Tiernan's current metallurgical program for Volcan. The diagnostic leach tests were conducted on 36 variability samples at a nominal P80 of 75 microns. The test sequence included acid leaching followed by two stages of cyanide leaching to assess gold and copper deportment, cyanide solubility and residual gold across the sample set. The results are summarized below: Sample Group Number of Samples Assay Head Grade Range (g/t Au) Average Stage 1 + Stage 2 Cyanide-Soluble Gold Distribution Recovery Range Low grade 7 0.54 - 0.70 75.5% 50.5% - 86.4% Medium grade 7 0.78 - 1.23 71.8% 42.3% - 81.0% High grade 8 1.32 - 1.90 77.8% 47.3% - 90.7% Super-high grade 6 2.00 - 3.23 81.0% 60.7% - 92.8% Stockpile-designated 8 0.30 - 0.46 70.5% 50.9% - 84.1% Total 36 0.30 - 3.23 75.1% 42.3% - 92.8%. The Phase 1 results will be used to refine the design of Phase 2 metallurgical testwork. Key workstreams are expected to include: follow-up review of lower-response samples against geological, alteration and mineralogical data; evaluation of gold response by metallurgical domain and grade range; coarse-ore leach testing at varying crush sizes; comparison of high-pressure grinding rolls and conventional crushing products; further assessment of cyanide consumption, acid-soluble copper and copper management parameters; and process-design support for carbon-in-column and SART considerations. The Phase 1 diagnostic leach tests were completed at a nominal P80 of 75 microns, with mild sulphuric acid leaching conducted for 24 hours to quantify acid soluble copper, followed by Stage 1 cyanide leaching conducted for 24 hours at approximately 1 kg/t sodium cyanide, and Stage 2 cyanide leaching conducted for a further 24 hours at approximately 2 kg/t sodium cyanide. The tests were conducted at 33% solids and pH 10.5 to 11.0. These are diagnostic test conditions designed to characterize gold deportment and cyanide solubility and are not intended to simulate final heap leach or agitated leach operating conditions.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$6.45, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 468% over the past three years.
New Risk • May 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (30% accrual ratio). Revenue is less than US$1m.
공시 • Apr 28Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026Tiernan Gold Corp., Annual General Meeting, Jun 25, 2026.
Board Change • Dec 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Greg McCunn was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
