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Mexican Gold

TSXV:MEX
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MEX
TSXV
CA$7M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Mexican Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties in North America. The last earnings update was 30 days ago. More info.


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  • Mexican Gold has significant price volatility in the past 3 months.
MEX Share Price and Events
7 Day Returns
-6.7%
TSXV:MEX
-0.3%
CA Metals and Mining
0.5%
CA Market
1 Year Returns
-53.3%
TSXV:MEX
-5.4%
CA Metals and Mining
0.9%
CA Market
MEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mexican Gold (MEX) -6.7% -20% -12.5% -53.3% -30% -83.5%
CA Metals and Mining -0.3% 0.9% 12.2% -5.4% 14.5% -18.7%
CA Market 0.5% 1.7% 14.2% 0.9% 17.2% 6.3%
1 Year Return vs Industry and Market
  • MEX underperformed the Metals and Mining industry which returned -5.4% over the past year.
  • MEX underperformed the Market in Canada which returned 0.9% over the past year.
Price Volatility
MEX
Industry
5yr Volatility vs Market

Value

 Is Mexican Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mexican Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.14.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mexican Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mexican Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:MEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.08
TSXV:MEX Share Price ** TSXV (2019-03-22) in CAD CA$0.14
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.47x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mexican Gold.

TSXV:MEX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:MEX Share Price ÷ EPS (both in CAD)

= 0.14 ÷ -0.08

-1.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mexican Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Mexican Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Mexican Gold's expected growth come at a high price?
Raw Data
TSXV:MEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.71x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mexican Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mexican Gold's assets?
Raw Data
TSXV:MEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.01
TSXV:MEX Share Price * TSXV (2019-03-22) in CAD CA$0.14
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.43x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.58x
TSXV:MEX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:MEX Share Price ÷ Book Value per Share (both in CAD)

= 0.14 ÷ 0.01

13.3x

* Primary Listing of Mexican Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mexican Gold is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Mexican Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mexican Gold has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Mexican 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mexican Gold expected to grow at an attractive rate?
  • Unable to compare Mexican Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mexican Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Mexican Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:MEX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.2%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:MEX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:MEX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSXV:MEX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -4 -4
2018-09-30 -3 -3
2018-06-30 -3 -3
2018-03-31 -4 -4
2017-12-31 -4 -4
2017-09-30 -4 -4
2017-06-30 -3 -3
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 0 -1
2016-06-30 0 -1
2016-03-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mexican Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Mexican Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:MEX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mexican Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MEX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSXV:MEX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.08
2018-09-30 -0.08
2018-06-30 -0.09
2018-03-31 -0.14
2017-12-31 -0.14
2017-09-30 -0.14
2017-06-30 -0.17
2017-03-31 -0.10
2016-12-31 -0.11
2016-09-30 -0.10
2016-06-30 -0.11
2016-03-31 -0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mexican Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Mexican Gold's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Mexican Gold's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Mexican Gold's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mexican Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mexican Gold has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mexican Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mexican Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mexican Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mexican Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mexican Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Mexican Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mexican Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MEX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -4.22 4.34
2018-09-30 -3.35 3.56
2018-06-30 -3.49 3.71
2018-03-31 -4.49 4.59
2017-12-31 -4.27 4.22
2017-09-30 -3.54 3.38
2017-06-30 -3.15 2.99
2017-03-31 -1.35 1.31
2016-12-31 -0.95 0.93
2016-09-30 -0.86 0.87
2016-06-30 -0.95 1.04
2016-03-31 -1.27 1.44
2015-12-31 -1.28 1.94
2015-09-30 -1.20 2.15
2015-06-30 -1.17 2.01
2015-03-31 -1.62 2.50
2014-12-31 -2.31 2.50
2014-09-30 -2.28 2.28
2014-06-30 -2.14 2.16
2014-03-31 -1.25 1.14
2013-12-31 -0.68 0.76
2013-09-30 -1.40 1.29
2013-06-30 -1.63 1.71
2013-03-31 -2.62 2.22
2012-12-31 -3.15 2.96
2012-09-30 -4.12 3.80
2012-06-30 -5.17 4.61
2012-03-31 -5.14 4.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mexican Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mexican Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mexican Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mexican Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mexican Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mexican Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mexican Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mexican Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mexican Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mexican Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Mexican Gold has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mexican Gold Company Filings, last reported 2 months ago.

TSXV:MEX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.56 0.00 0.16
2018-09-30 0.28 0.00 0.07
2018-06-30 0.65 0.00 0.21
2018-03-31 0.32 0.00 0.28
2017-12-31 0.90 0.00 0.74
2017-09-30 1.11 0.00 0.63
2017-06-30 1.26 0.00 0.83
2017-03-31 0.67 0.00 1.10
2016-12-31 -0.33 0.00 0.46
2016-09-30 -0.86 0.00 0.03
2016-06-30 -0.64 0.00 0.04
2016-03-31 -0.43 0.00 0.06
2015-12-31 -0.14 0.00 0.23
2015-09-30 0.01 0.00 0.29
2015-06-30 0.29 0.00 0.37
2015-03-31 0.89 0.00 0.81
2014-12-31 0.08 0.00 0.35
2014-09-30 0.23 0.00 0.18
2014-06-30 0.51 0.00 0.58
2014-03-31 -0.14 0.00 0.25
2013-12-31 0.42 0.00 0.41
2013-09-30 0.44 0.00 0.45
2013-06-30 0.58 0.00 0.56
2013-03-31 0.68 0.00 0.72
2012-12-31 1.08 0.00 1.07
2012-09-30 1.84 0.00 1.83
2012-06-30 2.12 0.00 2.40
2012-03-31 3.24 0.00 3.24
  • Mexican Gold has no debt.
  • Mexican Gold has not taken on any debt in the past 5 years.
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.

  • Mexican Gold has less than a year of cash runway based on current free cash flow.
  • Mexican Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 57.1% each year.
X
Financial health checks
We assess Mexican Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mexican Gold has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mexican Gold dividends.
If you bought CA$2,000 of Mexican Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mexican Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mexican Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:MEX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:MEX Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mexican Gold has not reported any payouts.
  • Unable to verify if Mexican Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mexican Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mexican Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mexican Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mexican Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mexican Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Carl Hering
AGE 69
TENURE AS CEO 0.5 years
CEO Bio

Dr. Carl W. Hering, BSc Chemistry, Ph.D., Geology, has been the Chief Executive Officer and Director of Mexican Gold Corp. since September 2018. Dr. Hering is a geologist with extensive experience in the exploration and mining sector. He has been the Chief Executive Officer and President of ICN Resources Ltd. since November 23, 2009. Dr. Hering has been Consultant Evaluations Geologist since 1999. He has been Consultant of Tintina Resources Inc. since May 3, 2010. He is a Geologist with over 35 years of diversified technical and managerial experience in mineral exploration and corporate development. Dr. Hering served as Chief Executive Officer and President of Confederation Minerals Ltd. since May 2017 until August 29, 2017. He served as Senior Vice President of Exploration and Business Development at Rio Narcea Gold Mines, Ltd. from February 1, 2006 to December 2006. Dr. Hering served as the Chief Executive Officer and Geologic Consultant of Osisko Hammond Reef Gold Ltd. since 1999 and served as its President. From 1997 to 1999, he served as Vice President of Corporate Acquisitions for EastWest Gold Corporation (alternate name, Bema Gold Corporation). He served in senior exploration positions for both Placer Dome Inc. and Noranda Exploration from 1978 to 1988. From 1989 to 1997, he served for Placer Dome in the U.S., Latin America, Asia, Australia and coordinated technical evaluations for major acquisition opportunities worldwide for Placer Dome Inc. Corporate Development. He worked for numerous clients as an independent consultant evaluating advanced exploration opportunities, operating mines, including technical evaluations for a major Corporate Finance Group. from August 1998 to January 2006 and from January 2007 to December 2009. He has been a Member of the Advisory Board at Tintina Resources Inc. since May 3, 2010. He has been a Director of ICN Resources Ltd. since February 15, 2010 and Brixton Metals Corporation since June 30, 2016. He has been a Director of Colorado Resources Ltd. from October 9, 2009 to April 17, 2018. He has been a Member of Advisory Board at AsiaBaseMetals Inc. since August 2017. He has been Director of Confederation Minerals Ltd. since May 2017. He served as an Independent Director of Full Metal Minerals, Ltd. from June 2003 to August 07, 2014. He served as a Director of Luna Gold Corp. from January 20, 2003 to October 30, 2008 and Corazon Gold Corp. from January 14, 2011 to July 22, 2013. Dr. Hering served as a Director of Santa Barbara Resources Limited from March 20, 2007 to July 11, 2014. He served as a Director of Osisko Hammond Reef Gold Ltd. from November 18, 1999 to June 2010 and Tintina Resources Inc. from February 19, 2007 to May 3, 2010. Dr. Hering is a Professional Geologist. He holds a Bachelor of Arts in Chemistry from the University of California, Santa Cruz and a Ph.D. in Geology from the University of Oregon.

CEO Compensation
  • Insufficient data for Carl to compare compensation growth.
  • Insufficient data for Carl to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Mexican Gold management team in years:

4.5
Average Tenure
  • The tenure for the Mexican Gold management team is about average.
Management Team

Brian Robertson

TITLE
President & Director
COMPENSATION
CA$151K
AGE
69
TENURE
9.5 yrs

Gavin Nelson

TITLE
Chief Financial Officer
COMPENSATION
CA$18K
TENURE
1.8 yrs

Carl Hering

TITLE
CEO & Director
AGE
69
TENURE
0.5 yrs

Andreas Curkovic

TITLE
Investor Relations Consultant

Jesus Mora

TITLE
Geological Consultant
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Mexican Gold board of directors in years:

2.1
Average Tenure
54
Average Age
  • The average tenure for the Mexican Gold board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Anderson

TITLE
Chairman
COMPENSATION
CA$12K
AGE
54
TENURE
0.5 yrs

Brian Robertson

TITLE
President & Director
COMPENSATION
CA$151K
AGE
69
TENURE
9.5 yrs

Carl Hering

TITLE
CEO & Director
AGE
69
TENURE
0.5 yrs

Gord Glenn

TITLE
Director
COMPENSATION
CA$12K
AGE
53
TENURE
6.6 yrs

Ali Zamani

TITLE
Director
COMPENSATION
CA$12K
AGE
38
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Mexican Gold insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
18. Feb 19 Sell Palisade Global Investments Ltd, Asset Management Arm Company 15. Feb 19 15. Feb 19 -1,111,112 CA$0.18 CA$-200,001
07. Jan 19 Buy Ali Zamani Individual 04. Jan 19 04. Jan 19 10,000 CA$0.18 CA$1,800
11. Dec 18 Buy Carl Hering Individual 05. Dec 18 05. Dec 18 5,000 CA$0.17 CA$850
22. Nov 18 Buy Carl Hering Individual 22. Nov 18 22. Nov 18 500,000 CA$0.20 CA$100,000
21. Nov 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 20. Nov 18 20. Nov 18 500,000 CA$0.20 CA$100,000
24. Jul 18 Buy Ali Zamani Individual 20. Jul 18 24. Jul 18 9,000 CA$0.24 CA$2,164
19. Jul 18 Buy Ali Zamani Individual 19. Jul 18 19. Jul 18 1,000 CA$0.24 CA$240
06. Jul 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 06. Jul 18 06. Jul 18 40,000 CA$0.27 CA$10,800
28. Jun 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 25. Jun 18 25. Jun 18 100,000 CA$0.33 CA$31,848
22. Jun 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 21. Jun 18 21. Jun 18 40,000 CA$0.32 CA$12,547
08. Jun 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 04. Jun 18 06. Jun 18 67,500 CA$0.33 CA$21,158
07. May 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 01. May 18 01. May 18 10,000 CA$0.39 CA$3,900
20. Apr 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 18. Apr 18 18. Apr 18 100,000 CA$0.40 CA$40,000
14. Apr 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 12. Apr 18 12. Apr 18 100,000 CA$0.33 CA$32,500
12. Apr 18 Buy Palisade Global Investments Ltd, Asset Management Arm Company 10. Apr 18 10. Apr 18 800,000 CA$0.30 CA$240,000
12. Apr 18 Buy John Anderson Individual 10. Apr 18 10. Apr 18 100,000 CA$0.30 CA$30,000
X
Management checks
We assess Mexican Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mexican Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The Mexican Gold Corp. (CVE:MEX) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Mexican Gold Corp. … (CVE:MEX), then you'll have to look at the makeup of its share registry. … Mexican Gold is not a large company by global standards.

Simply Wall St -

Do Institutions Own Shares In Mexican Gold Corp (CVE:MEX)?

If you want to know who really controls Mexican Gold Corp (CVE:MEX), then you'll have to look at the makeup of its share registry. … With a market capitalization of CA$8m, Mexican Gold is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Mexican Gold

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How Should You Think About Mexican Gold Corp's (CVE:MEX) Risks?

Broadly speaking, there are two types of risk you should consider when investing in stocks such as MEX. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market.

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Who Are The Largest Shareholders In Mexican Gold Corp (TSXV:MEX)?

See our latest analysis for MEX TSXV:MEX Ownership Summary Nov 18th 17 Institutional Ownership MEX's 15.43% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Insider Ownership Another important group of shareholders are company insiders. … The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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How Does Mexican Gold Corp (TSXV:MEX) Affect Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … How MEX's assets could affect its beta During times of economic downturn, low demand may cause companies to readjust production of their goods and services. … However, this is the opposite to what MEX’s actual beta value suggests, which is higher stock volatility relative to the market.

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Company Info

Description

Mexican Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties in North America. It primarily explores for diamond, gold, silver, and copper deposits. The company holds interest in the Las Minas project that includes five mineral concessions located in the state of Veracruz, Mexico. The company was formerly known as Source Exploration Corp. and changed its name to Mexican Gold Corp. in April 2017. Mexican Gold Corp. was founded in 2006 and is headquartered in Thunder Bay, Canada.

Details
Name: Mexican Gold Corp.
MEX
Exchange: TSXV
Founded: 2006
CA$7,467,846
53,341,758
Website: http://www.mexicangold.ca
Address: Mexican Gold Corp.
1100 Russell Street,
Thunder Bay,
Ontario, P7B 5N2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MEX Common Shares TSX Venture Exchange CA CAD 02. Jun 2008
OTCPK MEXG.F Common Shares Pink Sheets LLC US USD 02. Jun 2008
DB 4QW1 Common Shares Deutsche Boerse AG DE EUR 02. Jun 2008
Number of employees
Current staff
Staff numbers
0
Mexican Gold employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:05
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2017/10/13
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.