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Maple Gold Mines Ltd.TSXV:MGM Stock Report

Market Cap CA$238.3m
Share Price
CA$3.50
CA$5.05
30.7% undervalued intrinsic discount
1Y247.4%
7D9.6%
Portfolio Value
​
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Maple Gold Mines Ltd.

TSXV:MGM Stock Report

Market Cap: CA$238.3m

Maple Gold Mines (MGM) Stock Overview

Operates as a gold exploration company in Canada. More details

MGM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Shareholders have been substantially diluted in the past year

Earnings are forecast to decline by an average of 41% per year for the next 3 years

Currently unprofitable and not forecast to become profitable over the next 3 years


MGM Community Fair Values

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Materials opportunity
UG logo
Upside Gold
Fair Value from
CA$5.0768.0% undervalued intrinsic discount

An Undervalued 3.3Moz Gold Project in Canada

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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Maple Gold Mines Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Maple Gold Mines
Historical stock prices
Current Share PriceCA$3.30
52 Week HighCA$3.45
52 Week LowCA$0.65
Beta2.15
1 Month Change43.48%
3 Month Change36.65%
1 Year Change247.37%
3 Year Change78.38%
5 Year Change13.79%
Change since IPO-52.86%

Recent News & Updates

Recent updates

Analysis Article • Jul 30

Is Maple Gold Mines (CVE:MGM) In A Good Position To Invest In Growth?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Apr 10

Maple Gold Mines (CVE:MGM) Is In A Good Position To Deliver On Growth Plans

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Aug 19

We Think Maple Gold Mines (CVE:MGM) Needs To Drive Business Growth Carefully

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Aug 06

Maple Gold Mines (CVE:MGM) Will Have To Spend Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Mar 10

We're Not Very Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Nov 23

Here's Why We're Watching Maple Gold Mines' (CVE:MGM) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Aug 05

Here's Why We're Not Too Worried About Maple Gold Mines' (CVE:MGM) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Apr 12

We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Jul 14

We're Interested To See How Maple Gold Mines (CVE:MGM) Uses Its Cash Hoard To Grow

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Maple Gold Mines ( CVE:MGM...
Analysis Article • Mar 28

We're Hopeful That Maple Gold Mines (CVE:MGM) Will Use Its Cash Wisely

We can readily understand why investors are attracted to unprofitable companies. Indeed, Maple Gold Mines ( CVE:MGM...

Shareholder Returns

MGMCA Metals and MiningCA Market
7D9.6%6.2%2.3%
1Y247.4%90.9%34.5%

Return vs Industry: MGM exceeded the Canadian Metals and Mining industry which returned 90.9% over the past year.

Return vs Market: MGM exceeded the Canadian Market which returned 34.5% over the past year.

Price Volatility

Is MGM's price volatile compared to industry and market?
MGM volatility
MGM Average Weekly Movement10.5%
Metals and Mining Industry Average Movement12.0%
Market Average Movement10.3%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market4.0%

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

Volatility Over Time: MGM's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aKiran Patankarwww.maplegoldmines.com

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. Its flagship project is the Douay gold project, which consists of 819 claims covering an area of approximately 441 square kilometers located along the Casa Berardi Deformation Zone in the Abitibi Greenstone Belt in Quebec. The company was formerly known as Aurvista Gold Corporation and changed its name to Maple Gold Mines Ltd.

Maple Gold Mines Ltd. Fundamentals Summary

How do Maple Gold Mines's earnings and revenue compare to its market cap?
MGM fundamental statistics
Market capCA$238.26m
Earnings (TTM)-CA$8.19m
Revenue (TTM)n/a
0.0x
P/S Ratio
-28.3x
P/E Ratio

Is MGM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGM income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$8.19m
Earnings-CA$8.19m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.12
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did MGM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 01:46
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Maple Gold Mines Ltd. is covered by 1 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.

AnalystInstitution
Bereket BerheBeacon Securities Limited