CNSX:TGC

Stock Analysis Report

Executive Summary

Taiga Gold Corp. operates as a mineral exploration company.

Risk Analysis

Earnings have declined by -44.76% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (CA$6M)

+ 1 more risk


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Taiga Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.3%

TGC

0.3%

CA Metals and Mining

1.2%

CA Market


1 Year Return

-14.3%

TGC

28.3%

CA Metals and Mining

9.6%

CA Market

Return vs Industry: TGC underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: TGC underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

TGCIndustryMarket
7 Day-5.3%0.3%1.2%
30 Day-10.0%3.2%2.6%
90 Day5.9%7.8%6.0%
1 Year-14.3%-14.3%29.2%28.3%13.1%9.6%
3 Yearn/a-0.4%-2.2%17.1%6.4%
5 Yearn/a28.4%24.2%36.1%16.0%

Price Volatility Vs. Market

How volatile is Taiga Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Taiga Gold undervalued compared to its fair value and its price relative to the market?

0.87x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TGC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TGC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TGC is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: TGC is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TGC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TGC is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Taiga Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Taiga Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Taiga Gold performed over the past 5 years?

-44.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGC is currently unprofitable.

Growing Profit Margin: TGC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TGC is unprofitable, and losses have increased over the past 5 years at a rate of -44.8% per year.

Accelerating Growth: Unable to compare TGC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TGC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: TGC has a negative Return on Equity (-14.34%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Taiga Gold's financial position?


Financial Position Analysis

Short Term Liabilities: TGC's short term assets (CA$262.9K) exceed its short term liabilities (CA$102.3K).

Long Term Liabilities: TGC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TGC is debt free.

Reducing Debt: TGC has not had any debt for past 5 years.


Balance Sheet

Inventory Level: TGC has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TGC's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TGC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TGC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -28% each year


Next Steps

Dividend

What is Taiga Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TGC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TGC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TGC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TGC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TGC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Taiga Gold's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Tim Termuende (56yo)

2.3yrs

Tenure

CA$147,200

Compensation

Mr. Timothy Jay Termuende, B.Sc., P.Geo. also known as Tim, Founded Copper Canyon Resources Ltd., in 2006 and has been its President and Chief Executive Officer since June 2006. Mr. Termuende has been the  ...


Management Age and Tenure

2.3yrs

Average Tenure

58yo

Average Age

Experienced Management: TGC's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

2.3yrs

Average Tenure

57yo

Average Age

Experienced Board: TGC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$1,40003 Sep 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares20,000
Max PriceCA$0.07
BuyCA$1,40030 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares20,000
Max PriceCA$0.07
BuyCA$2,10029 Aug 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares30,000
Max PriceCA$0.07
BuyCA$1,55027 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares20,000
Max PriceCA$0.08
BuyCA$1,68027 Aug 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares24,000
Max PriceCA$0.07
BuyCA$1,12526 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.075
BuyCA$1,87525 Aug 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares25,000
Max PriceCA$0.075
BuyCA$1,20022 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.08
BuyCA$96021 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares12,000
Max PriceCA$0.08
BuyCA$2,00016 Aug 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares25,000
Max PriceCA$0.08
BuyCA$3,20016 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares40,000
Max PriceCA$0.08
BuyCA$72010 Aug 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares9,000
Max PriceCA$0.08
BuyCA$1,02009 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares12,000
Max PriceCA$0.085
BuyCA$1,70008 Aug 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares20,000
Max PriceCA$0.085
BuyCA$2,40022 Jul 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares30,000
Max PriceCA$0.08
BuyCA$1,35016 Jul 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares18,000
Max PriceCA$0.075
BuyCA$32011 Jul 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares4,000
Max PriceCA$0.08
BuyCA$1,58011 Jul 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares19,000
Max PriceCA$0.085
BuyCA$1,20009 Jul 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.08
BuyCA$1,20003 Jul 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.08
BuyCA$77027 Jun 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares11,000
Max PriceCA$0.07
BuyCA$52525 Jun 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares7,000
Max PriceCA$0.075
BuyCA$75024 Jun 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceCA$0.075
BuyCA$70020 Jun 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceCA$0.07
BuyCA$98019 Jun 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares14,000
Max PriceCA$0.07
BuyCA$98019 Jun 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares14,000
Max PriceCA$0.07
BuyCA$1,05014 Jun 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.07
BuyCA$1,51806 Jun 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares19,000
Max PriceCA$0.08
BuyCA$2,64014 May 19
Jesse Campbell
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares33,000
Max PriceCA$0.08
BuyCA$24017 Apr 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares3,000
Max PriceCA$0.08
BuyCA$5,20017 Apr 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares65,000
Max PriceCA$0.08
BuyCA$4,00015 Apr 19
Toklat Resources Inc.
EntityCompany
Shares50,000
Max PriceCA$0.08
BuyCA$4,00015 Apr 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares50,000
Max PriceCA$0.08
BuyCA$42515 Apr 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceCA$0.085
BuyCA$40011 Apr 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceCA$0.08
BuyCA$1,25106 Apr 19
Timothy Termuende
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.085
BuyCA$1,65005 Apr 19
Charles Downie
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares20,000
Max PriceCA$0.085
BuyCA$40003 Apr 19
Glen Diduck
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares5,000
Max PriceCA$0.08

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63%.


Management Team

  • Tim Termuende (56yo)

    President

    • Tenure: 2.3yrs
    • Compensation: CA$147.20k
  • Glen Diduck (65yo)

    CFO, Treasurer & Director

    • Tenure: 2.3yrs
    • Compensation: CA$73.60k
  • Chuck Downie

    VP of Exploration & Director

    • Tenure: 2.3yrs
    • Compensation: CA$95.68k
  • Darren Fach (58yo)

    Company Secretary & Director

    • Tenure: 2.3yrs
    • Compensation: CA$37.03k
  • Norm Jordan

    Controller

    • Tenure: 1.8yrs
  • Jesse Campbell

    COO & Director

    • Tenure: 2.3yrs
    • Compensation: CA$62.61k

Board Members

  • Tim Termuende (56yo)

    President

    • Tenure: 2.3yrs
    • Compensation: CA$147.20k
  • Glen Diduck (65yo)

    CFO, Treasurer & Director

    • Tenure: 2.3yrs
    • Compensation: CA$73.60k
  • Chuck Downie

    VP of Exploration & Director

    • Tenure: 2.3yrs
    • Compensation: CA$95.68k
  • Paul Allen Reynolds (55yo)

    Independent Director

    • Tenure: 0.4yrs
  • Darren Fach (58yo)

    Company Secretary & Director

    • Tenure: 2.3yrs
    • Compensation: CA$37.03k
  • Jesse Campbell

    COO & Director

    • Tenure: 2.3yrs
    • Compensation: CA$62.61k

Company Information

Taiga Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Taiga Gold Corp.
  • Ticker: TGC
  • Exchange: CNSX
  • Founded: 2017
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$5.750m
  • Shares outstanding: 63.89m
  • Website: https://www.taigagold.com

Location

  • Taiga Gold Corp.
  • 44-12th Avenue South
  • Suite 200
  • Cranbrook
  • British Columbia
  • V1C 2R7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGCCNSX (Canadian National Stock Exchange)YesCommon SharesCACADApr 2018
TGGD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2018

Biography

Taiga Gold Corp. operates as a mineral exploration company. The company focuses on the exploration and development of its gold projects located adjacent to SSR Mining’s Seabee Gold Operation and along the Tabbernor Fault structure in eastern Saskatchewan. Its flagship project is the Fisher project that covers an area of 33,171 ha located in Saskatchewan. The company was incorporated in 2017 and is headquartered in Cranbrook, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/17 02:32
End of Day Share Price2020/01/16 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.