TSXV:MGG

Stock Analysis Report

Executive Summary

Minaurum Gold Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico.

Snowflake

Fundamentals

Excellent balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.6%

MGG

0.1%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

-28.6%

MGG

12.5%

CA Metals and Mining

1.5%

CA Market

Return vs Industry: MGG underperformed the Canadian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: MGG underperformed the Canadian Market which returned 1.5% over the past year.


Shareholder returns

MGGIndustryMarket
7 Day2.6%0.1%-0.2%
30 Day-11.1%-6.0%-3.5%
90 Day-25.9%-5.0%-1.8%
1 Year-28.6%-28.6%13.5%12.5%5.1%1.5%
3 Year370.6%370.6%-11.1%-12.8%13.3%3.2%
5 Year471.4%471.4%8.0%3.9%25.2%7.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: MGG 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 MGG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MGG is overvalued based on its PB Ratio (11x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

43.8%

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 Minaurum 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 Minaurum Gold performed over the past 5 years?

-26.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MGG is unprofitable, and losses have increased over the past 5 years at a rate of -26.3% per year.

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

Earnings vs Industry: MGG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: MGG has a negative Return on Equity (-55.01%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MGG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MGG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Minaurum Gold's financial position?


Financial Position Analysis

Short Term Liabilities: MGG's short term assets (CA$6.1M) exceeds its short term liabilities (CA$338.7K)

Long Term Liabilities: MGG's short term assets (6.1M) exceeds its long term liabilities (201.0K)


Debt to Equity History and Analysis

Debt Level: MGG is debt free.

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


Balance Sheet

Inventory Level: MGG has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MGG'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: MGG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MGG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -41.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if MGG'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 MGG'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 Minaurum Gold's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Darrell Rader (40yo)

9.6yrs

Tenure

CA$132,000

Compensation

Mr. Darrell A. Rader, BBA has been the Chief Executive Officer and President of Minaurum Gold Inc. since March 1, 2010. Mr. Rader has been a Self employed consultant since May 2007. He served as Supervisor ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Darrell's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Darrell's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.8yrs

Average Tenure

41yo

Average Age

Experienced Management: MGG's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

8.9yrs

Average Tenure

64yo

Average Age

Experienced Board: MGG's board of directors are considered experienced (8.9 years average tenure).


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$2,07027 Aug 19
Kesa Capital Corp.
EntityCompany
Shares4,500
Max PriceCA$0.46
BuyCA$1,52026 Aug 19
Kesa Capital Corp.
EntityCompany
Shares4,000
Max PriceCA$0.38
SellCA$1,23015 Apr 19
Darrell Rader
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceCA$0.41
BuyCA$1,23015 Apr 19
Kesa Capital Corp.
EntityCompany
Shares3,000
Max PriceCA$0.41
SellCA$59,28927 Mar 19
Lawrence William Talbot
EntityIndividual
Role
Member of the Board of Directors
Director
Shares150,000
Max PriceCA$0.40

Ownership Breakdown


Management Team

  • Gerry Rayner

    Consultant

    • Tenure: 0yrs
  • Cale Moodie (43yo)

    Chief Financial Officer

    • Tenure: 8.6yrs
    • Compensation: CA$36.00k
  • Darrell Rader (40yo)

    President

    • Tenure: 9.6yrs
    • Compensation: CA$132.00k
  • David Jones

    Senior Geologist & Director

    • Tenure: 8.9yrs
    • Compensation: CA$29.39k
  • Sheryl Elsdon (41yo)

    Company Secretary

    • Tenure: 0yrs
  • Stephen Maynard

    Vice President of Exploration

    • Tenure: 8.8yrs
    • Compensation: CA$107.10k
  • Sunny Pannu

    Consultant & Investor Relations Manager

    • Tenure: 0yrs

Board Members

  • Richard Brissenden (74yo)

    Member of Advisory Board

    • Tenure: 0yrs
  • Larry Talbot (64yo)

    Director

    • Tenure: 8.6yrs
  • Mike Williams (56yo)

    Chairman of the Board

    • Tenure: 10.8yrs
    • Compensation: CA$33.00k
  • Peter Kenneth Megaw (66yo)

    Independent Director

    • Tenure: 8.9yrs
    • Compensation: CA$12.60k
  • Darrell Rader (40yo)

    President

    • Tenure: 9.6yrs
    • Compensation: CA$132.00k
  • David Jones

    Senior Geologist & Director

    • Tenure: 8.9yrs
    • Compensation: CA$29.39k
  • David Medilek

    Director

    • Tenure: 0.3yrs

Company Information

Minaurum Gold Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Minaurum Gold Inc.
  • Ticker: MGG
  • Exchange: TSXV
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$125.466m
  • Shares outstanding: 313.66m
  • Website: https://www.minaurum.com

Location

  • Minaurum Gold Inc.
  • 1177 West Hastings Street
  • Suite 2300
  • Vancouver
  • British Columbia
  • V6E 2K3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGGTSXV (TSX Venture Exchange)YesCommon StockCACADFeb 2010
MMRG.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2010
78MDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2010

Biography

Minaurum Gold Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico. The company explores for gold, silver, copper, and other base metal deposits. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:11
End of Day Share Price2019/10/18 00:00
Earnings2019/07/31
Annual Earnings2019/04/30


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.