Key takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.

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Foran Mining Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Foran Mining
Historical stock prices
Current Share Price	CA$5.44
52 Week High	CA$7.39
52 Week Low	CA$2.47
Beta	1.08
1 Month Change	0.74%
3 Month Change	-8.72%
1 Year Change	60.47%
3 Year Change	36.68%
5 Year Change	349.59%
Change since IPO	122.95%

Recent updates

Analysis Article • Apr 29

Health Check: How Prudently Does Foran Mining (TSE:FOM) Use Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • Dec 18

Foran Mining (TSE:FOM) Has Debt But No Earnings; Should You Worry?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Analysis Article • Jun 05

Is Foran Mining (TSE:FOM) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Analysis Article • Sep 07

Is Foran Mining (TSE:FOM) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Analysis Article • Mar 31

Is Foran Mining (CVE:FOM) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

	FOM	CA Metals and Mining	CA Market
7D	-4.9%	8.7%	1.0%
1Y	60.5%	94.1%	34.0%

Return vs Industry: FOM underperformed the Canadian Metals and Mining industry which returned 102.6% over the past year.

Return vs Market: FOM exceeded the Canadian Market which returned 41.1% over the past year.

Price Volatility

Is FOM's price volatile compared to industry and market?
FOM volatility
FOM Average Weekly Movement	10.1%
Metals and Mining Industry Average Movement	11.9%
Market Average Movement	10.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	4.0%

Stable Share Price: FOM has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: FOM's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1989	292	Dan Myerson	foranmining.com

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. Its flagship property is 100% owned McIlvenna Bay property located in Saskatchewan, Canada, approximately 65 kilometres on west of Flin Flon, Manitoba. The company explores copper, zinc, gold, and silver deposits.

Foran Mining Corporation Fundamentals Summary

How do Foran Mining's earnings and revenue compare to its market cap?
FOM fundamental statistics
Market cap	CA$3.08b
Earnings (TTM)	-CA$1.00m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-3,065x

P/E Ratio

Is FOM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FOM income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$1.01m
Earnings	-CA$1.00m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0018
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	36.6%

How did FOM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/17 05:21
End of Day Share Price	2026/04/15 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Foran Mining Corporation is covered by 8 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stefan Ioannou	ATB Cormark
Stefan Ioannou	ATB Cormark Historical (Cormark Securities)
Stefan Ioannou	Haywood Securities Inc.

This company listing is no longer active

Foran Mining (FOM) Stock Overview

Rewards

Risk Analysis

An Undervalued 3.3Moz Gold Project in Canada

Foran Mining Corporation Competitors

Altius Minerals

Americas Gold and Silver

Collective Mining

AbraSilver Resource

Price History & Performance

Recent News & Updates

Eldorado Intends to De-List the Foran Shares from the TSX and OTCQX

Eldorado Gold Corporation (TSX:ELD) completed the acquisition of Foran Mining Corporation (TSX:FOM) from Fairfax Financial Holdings Limited (TSX:FFH).

New major risk - Financial position

Independent Director exercised options and sold CA$1.5m worth of stock

Chief Financial Officer exercised options and sold CA$1.7m worth of stock

Foran Mining Corporation Advances Mill Commissioning Activities At Mcilvenna Bay

Recent updates

Eldorado Intends to De-List the Foran Shares from the TSX and OTCQX

Eldorado Gold Corporation (TSX:ELD) completed the acquisition of Foran Mining Corporation (TSX:FOM) from Fairfax Financial Holdings Limited (TSX:FFH).

New major risk - Financial position

Independent Director exercised options and sold CA$1.5m worth of stock

Chief Financial Officer exercised options and sold CA$1.7m worth of stock

Foran Mining Corporation Advances Mill Commissioning Activities At Mcilvenna Bay

Foran Mining Corporation Announces Initial Exploration Results from 2026 Winter Regional Exploration Drill Program at Thunder Zone

Foran Mining Corporation Achieves Energization of Mcilvenna Bay Transmission Line

New minor risk - Financial position

Foran Mining Corporation Announces the Final Exploration Results from the Second Half 2025 Drill Program at the Tesla Zone

Price target increased by 8.0% to CA$6.18

Price target increased by 11% to CA$5.94

Eldorado Gold Corporation (TSX:ELD) agreed to acquire Foran Mining Corporation (TSX:FOM) for CAD 3.5 billion.

New major risk - Revenue and earnings growth

Price target increased by 9.3% to CA$5.38

New major risk - Shareholder dilution

Foran Mining Corporation Reports Construction Activities Completed During the Month of November 2025 At Its 100% Owned Mcilvenna Bay Project in Saskatchewan

New major risk - Revenue and earnings growth

CEO & Executive Chairman exercised options and sold CA$4.4m worth of stock

New minor risk - Insider selling

Foran Advances Development At Mcilvenna Bay in October 2025

Foran Mining Corporation Announces Exploration Results from the H2 2025 Drill Program at the Tesla Zone

New minor risk - Financial position

New major risk - Revenue and earnings growth

Foran Mining Corporation Provides Construction Update for the Quarter-ending September 30, 2025 at its 100% Owned McIlvenna Bay Project in Saskatchewan, Canada

Price target increased by 8.1% to CA$4.46

High number of new directors

Foran Mining Corporation Announces Results from the Final 15 Holes Drilling as Part of its 2025 Winter-Spring Drill Program at the Tesla and Bridge Zones

Foran Mining Corporation Surpasses Key Milestone as McIlvenna Bay Construction Advances in July 2025

Foran Announces the Appointment of John Munro to Its Board of Directors

Foran Mining Corporation Provides Construction Update on its 100% Owned McIlvenna Bay Project in Saskatchewan, Canada

Foran Mining Corporation has filed a Follow-on Equity Offering in the amount of CAD 50 million.

Foran Mining Corporation Announces Additional Results from the 2025 Drill Program at Tesla and the Bridge Zone

Foran Mining Corporation Announces Staged Return to McIlvenna Bay Project Site

New major risk - Shareholder dilution

Forecast breakeven date pushed back to 2026

Price target decreased by 7.9% to CA$4.83

Forecast breakeven date moved forward to 2025

Foran Mining Corporation announced that it expects to receive CAD 350.000001 million in funding from Canada Growth Fund, Agnico Eagle Mines Limited, Fairfax Financial Holdings Limited and other investors.

Foran Mining Corporation Announces Additional Results from Winter 2025 Drill Program

Foran Mining Corporation Provides Construction Update on its 100% Owned McIlvenna Bay Project in Saskatchewan, Canada

Health Check: How Prudently Does Foran Mining (TSE:FOM) Use Debt?

New major risk - Revenue and earnings growth

Independent Director exercised options to buy CA$3.3m worth of stock.

New major risk - Revenue and earnings growth

Forecast breakeven date pushed back to 2026

New major risk - Financial position

Foran Mining Corporation Announces Additional Results from the Ongoing 2025 Winter Drill Program At the Company's 100%-Owned Mcilvenna Bay Project in East-Central Saskatchewan

Foran Mining Corporation, Annual General Meeting, May 08, 2025

Foran Mining Corporation Unlocks Further Growth At Mcilvenna Bay District with 200M Extension and Bridge Zone Expansion

Foran Mining Corporation Provides Construction Update on Its 100% Owned Mcilvenna Bay Project in Saskatchewan, Canada

Foran Commences 2025 Winter Drill Program At Tesla Zone

Foran Mining Corporation announced that it expects to receive CAD 20 million in funding from Natural Resources Canada

Foran Mining (TSE:FOM) Has Debt But No Earnings; Should You Worry?

Foran Mining Corporation Announces Further Copper-Rich Assay Results from Two New Holes Drilled into the Tesla Zone

New major risk - Financial position

Foran Mining Corporation Confirms High-Grade Copper Continuity At Tesla Zone

Foran Mining Corporation Announces Advances Regional Exploration Strategy to Unlock District-Scale Potential

Price target increased by 11% to CA$5.33

Forecast breakeven date pushed back to 2025

Foran Mining Corporation announced that it has received CAD 360.003641 million in funding from Fairfax Financial Holdings Limited, Agnico Eagle Mines Limited and other investors