Maple Gold Mines Ltd. operates as a gold exploration company in Canada.
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Maple Gold Mines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGM has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: MGM underperformed the Canadian Metals and Mining industry which returned 4.5% over the past year.
Return vs Market: MGM underperformed the Canadian Market which returned 4.9% over the past year.
Price Volatility Vs. Market
How volatile is Maple Gold Mines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StWe're Not Very Worried About Maple Gold Mines's (CVE:MGM) Cash Burn Rate
6 months ago | Simply Wall StIntroducing Maple Gold Mines (CVE:MGM), A Stock That Climbed 100% In The Last Five Years
1 year ago | Simply Wall StMaple Gold Mines Ltd (CVE:MGM): What Does It Mean For Your Portfolio?
Is Maple Gold Mines undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MGM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MGM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MGM is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: MGM 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 MGM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MGM is overvalued based on its PB Ratio (7.1x) compared to the CA Metals and Mining industry average (1.5x).
How is Maple Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Maple Gold Mines 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.
- Examine Maple Gold Mines'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.
- Maple Gold Mines competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Maple Gold Mines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGM is currently unprofitable.
Growing Profit Margin: MGM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MGM is unprofitable, and losses have increased over the past 5 years at a rate of -32.7% per year.
Accelerating Growth: Unable to compare MGM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MGM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).
Return on Equity
High ROE: MGM has a negative Return on Equity (-85.93%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Maple Gold Mines's financial position?
Financial Position Analysis
Short Term Liabilities: MGM's short term assets (CA$4.5M) exceed its short term liabilities (CA$2.3M).
Long Term Liabilities: MGM's short term assets (CA$4.5M) exceed its long term liabilities (CA$958.4K).
Debt to Equity History and Analysis
Debt Level: MGM is debt free.
Reducing Debt: MGM has no debt compared to 5 years ago when its debt to equity ratio was 0%.
Inventory Level: MGM has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MGM'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: MGM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: MGM has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of -35.4% each year.
What is Maple Gold Mines's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MGM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MGM'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 MGM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MGM'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 MGM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
B. Hornor (47yo)
Mr. B. Matthew Hornor has been Executive Chairman and Chief Executive Officer of DLTA 21 Blockchain Corp (formerly Protos Blockchain Corp) since June 13, 2017. He has been the President and Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: B.'s total compensation ($USD147.06K) is about average for companies of similar size in the Canadian market ($USD154.66K).
Compensation vs Earnings: B.'s compensation has been consistent with company performance over the past year.
|Chief Financial Officer||2.3yrs||CA$185.63k||0.062% CA$12.0k|
|Vice President of Corporate Development||2.7yrs||no data||0.13% CA$25.8k|
|Vice President of Exploration||2.4yrs||no data||0.075% CA$14.5k|
|Vice President of Compliance and Corporate Secretary||1.8yrs||no data||0.021% CA$4.0k|
Experienced Management: MGM's management team is considered experienced (2.4 years average tenure).
|Member of Technical Advisory Committee||2.6yrs||CA$161.50k||no data|
|Member of Technical Advisory Committee||2.6yrs||no data||no data|
|Independent Director||2.5yrs||CA$19.00k||0.14% CA$27.0k|
|Independent Director||3.8yrs||CA$22.00k||0.20% CA$38.4k|
|Independent Director||2.5yrs||CA$11.00k||0.010% CA$2.0k|
|Member of Technical Advisory Committee||2.6yrs||no data||no data|
Experienced Board: MGM's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MGM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.9%.
Maple Gold Mines Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Maple Gold Mines Ltd.
- Ticker: MGM
- Exchange: TSXV
- Founded: 2010
- Industry: Gold
- Sector: Materials
- Market Cap: CA$19.255m
- Shares outstanding: 240.69m
- Website: https://www.maplegoldmines.com
- Maple Gold Mines Ltd.
- 250, Place d’Youville
- 2nd Floor
- H2Y 2B6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MGM||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Aug 2011|
|MGML.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Aug 2011|
|M3G||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Aug 2011|
|0AJ1||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Aug 2011|
Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project with 666 contiguous mineral claims covering an area of approximately 355 square kilometers located in the Casa Berardi deformation zone in the Abitibi Greenstone Belt of northern Quebec. The company was formerly known as Aurvista Gold Corporation and changed its name to Maple Gold Mines Ltd. in November 2017. Maple Gold Mines Ltd. was incorporated in 2010 and is based in Montreal, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 01:22|
|End of Day Share Price||2020/02/18 00:00|
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.