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Maple Gold Mines

TSXV:MGM
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGM
TSXV
CA$19M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. The last earnings update was 123 days ago. More info.


Add to Portfolio Compare Print
  • Maple Gold Mines has significant price volatility in the past 3 months.
MGM Share Price and Events
7 Day Returns
-5.3%
TSXV:MGM
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-61.7%
TSXV:MGM
-3.9%
CA Metals and Mining
2.6%
CA Market
MGM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maple Gold Mines (MGM) -5.3% -18.2% -5.3% -61.7% 125% 63.6%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • MGM underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • MGM underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
MGM
Industry
5yr Volatility vs Market

MGM Value

 Is Maple Gold Mines 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 Maple Gold Mines. This is due to cash flow or dividend data being unavailable. The share price is CA$0.09.
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 Maple Gold Mines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maple Gold Mines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:MGM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.05
TSXV:MGM Share Price ** TSXV (2019-03-22) in CAD CA$0.09
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

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

** Primary Listing of Maple Gold Mines.

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

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

= 0.09 ÷ -0.05

-1.72x

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

  • Maple Gold Mines is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Maple Gold Mines is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Maple Gold Mines's expected growth come at a high price?
Raw Data
TSXV:MGM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.72x
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 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 Maple Gold Mines, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maple Gold Mines's assets?
Raw Data
TSXV:MGM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.01
TSXV:MGM Share Price * TSXV (2019-03-22) in CAD CA$0.09
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSXV:MGM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.09 ÷ 0.01

7.82x

* Primary Listing of Maple Gold Mines.

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

  • Maple Gold Mines is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Maple Gold Mines'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. Maple Gold Mines 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.

MGM Future Performance

 How is Maple Gold Mines 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 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 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
34.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maple Gold Mines expected to grow at an attractive rate?
  • Unable to compare Maple Gold Mines's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Maple Gold Mines's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Maple Gold Mines's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:MGM Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:MGM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:MGM Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -11 -10
2018-06-30 -12 -12
2018-03-31 -10 -12
2017-12-31 -11 -12
2017-09-30 -10 -10
2017-06-30 -9 -9
2017-03-31 -6 -6
2016-12-31 -3 -3
2016-09-30 -1 -2
2016-06-30 0 -1
2016-03-31 0 -1
2015-12-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Maple Gold Mines is high growth as no earnings estimate data is available.
  • Unable to determine if Maple Gold Mines 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:MGM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Maple Gold Mines Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MGM Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.05
2018-06-30 -0.06
2018-03-31 -0.07
2017-12-31 -0.08
2017-09-30 -0.07
2017-06-30 -0.08
2017-03-31 -0.06
2016-12-31 -0.04
2016-09-30 -0.02
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.01

*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 Maple Gold Mines will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Maple Gold Mines'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. Maple Gold Mines'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 Maple Gold Mines'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.
Maple Gold Mines 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.

MGM Past Performance

  How has Maple Gold Mines 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 Maple Gold Mines'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.
  • Maple Gold Mines does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Maple Gold Mines's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Maple Gold Mines's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Maple Gold Mines'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 Maple Gold Mines Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MGM Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -10.15 12.28
2018-06-30 -11.55 14.01
2018-03-31 -12.43 14.80
2017-12-31 -12.30 13.08
2017-09-30 -10.34 10.72
2017-06-30 -9.27 9.13
2017-03-31 -6.44 6.34
2016-12-31 -3.03 3.03
2016-09-30 -1.83 1.82
2016-06-30 -0.82 0.85
2016-03-31 -0.65 0.62
2015-12-31 -1.03 1.00
2015-09-30 -1.25 1.26
2015-06-30 -1.30 1.31
2015-03-31 -1.12 1.13
2014-12-31 -0.65 0.72
2014-09-30 -0.27 0.52
2014-06-30 -0.29 0.55
2014-03-31 -0.28 0.58
2013-12-31 -0.01 0.68
2013-09-30 -0.01 0.83
2013-06-30 -0.06 0.87
2013-03-31 -0.05 0.92
2012-12-31 -0.44 0.93
2012-09-30 -1.84 0.80
2012-06-30 -1.67 0.85
2012-03-31 -1.61 0.84

*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 Maple Gold Mines has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Maple Gold Mines 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 Maple Gold Mines 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 Maple Gold Mines'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.
Maple Gold Mines 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.

MGM Health

 How is Maple Gold Mines'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 Maple Gold Mines's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maple Gold Mines is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maple Gold Mines's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Maple Gold Mines'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.
  • Maple Gold Mines 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 Maple Gold Mines Company Filings, last reported 5 months ago.

TSXV:MGM Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2.40 0.00 2.43
2018-06-30 3.18 0.00 3.88
2018-03-31 -0.07 0.00 3.25
2017-12-31 3.12 0.00 5.91
2017-09-30 5.93 0.00 7.54
2017-06-30 5.95 0.00 3.66
2017-03-31 2.01 0.00 2.45
2016-12-31 4.33 0.00 4.85
2016-09-30 -0.24 0.00 0.31
2016-06-30 0.24 0.00 0.64
2016-03-31 -0.20 0.00 0.18
2015-12-31 -0.09 0.00 0.31
2015-09-30 28.38 0.23 0.20
2015-06-30 28.52 0.00 0.21
2015-03-31 28.62 0.00 0.59
2014-12-31 0.93 0.00 1.08
2014-09-30 28.73 0.00 2.03
2014-06-30 28.87 0.00 1.69
2014-03-31 28.99 0.00 1.94
2013-12-31 29.04 0.00 1.17
2013-09-30 28.97 0.00 0.55
2013-06-30 29.05 0.00 0.74
2013-03-31 28.34 0.92 1.48
2012-12-31 28.06 0.91 2.12
2012-09-30 25.92 1.03 1.11
2012-06-30 25.99 1.16 1.44
2012-03-31 26.05 1.14 1.93
  • Maple Gold Mines has no debt.
  • Maple Gold Mines had no debt 5 years ago.
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.

  • Maple Gold Mines has less than a year of cash runway based on current free cash flow.
  • Maple Gold Mines has less than a year of cash runway if free cash flow continues to grow at historical rates of 78.1% each year.
X
Financial health checks
We assess Maple Gold Mines'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. Maple Gold Mines 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.

MGM Dividends

 What is Maple Gold Mines'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 Maple Gold Mines dividends.
If you bought CA$2,000 of Maple Gold Mines 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 Maple Gold Mines's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Maple Gold Mines'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:MGM 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 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Maple Gold Mines has not reported any payouts.
  • Unable to verify if Maple Gold Mines's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Maple Gold Mines's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Maple Gold Mines 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 Maple Gold Mines'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 Maple Gold Mines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maple Gold Mines 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.

MGM Management

 What is the CEO of Maple Gold Mines'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
B. Hornor
COMPENSATION CA$1,305,375
AGE 46
TENURE AS CEO 1.6 years
CEO Bio

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 Officer at Maple Gold Mines Ltd. since August 28, 2017. Mr. Hornor served as an Advisor of Kaizen Discovery Inc. until May 31, 2016 and served as its Chief Executive Officer and President from December 4, 2013 to March 31, 2016 and from January 31, 2014 to March 31, 2016 respectively. Mr. Hornor serves as the Managing Director of Ivanhoe Capital Corp. Mr. Hornor served as an Executive Vice President at Ivanhoe Mines Ltd from August 2009 to May 31, 2016 and served as its Executive Vice President of Business Development and Legal since May 2010. He has provided advisory services to Ivanhoe Mines since August 2005. He served as the President and Director of Beales Ltd., since September 2010, where he has had direct involvement in the negotiation of the investment in Beales Ltd. by Itochu. Prior to assuming his management role with it, Mr. Hornor served as Vice President with Ivanhoe Mines Ltd., now Turquoise Hill Resources Ltd., and was based out of Beijing, China, where he participated in the structuring and execution of complex financial transactions and capital raising activities. Before joining Turquoise Hill Resources Ltd., Mr. Hornor worked as a Senior Associate with the international law firm, Paul, Hastings, Janofsky & Walker, LLP in Tokyo, Japan, representing Japanese clients in various out-bound cross border transactions and top-tier U.S. investment banks primarily in Japan and South East Asia in various corporate finance projects and merger and acquisition transactions totalling several billion dollars in the aggregate. from 2013 until 2016, Mr. Hornor successfully structured multiple resource project acquisitions, equity financings and delivered a collaboration agreement with ITOCHU Corporation, a prominent Japanese trading and investment house. Fluent in Japanese, Mr. Hornor began his mining career in Japan after first travelling there 27 years ago. He has been Director of Maple Gold Mines Ltd. since August 15, 2017. He has been a Director of Gold Mountain Mining Corporation since July 8, 2016. Mr. Hornor has spent more than 16 years in senior executive positions with development and operating mines. He served as a Director of Kaizen Discovery Inc. from December 2013 to May 31, 2016. He served as a Director of Lithium Americas Corp. (Alternate Name: Western Lithium USA Corporation) from April 1, 2014 to March 30, 2016. He served as Independent Director of DuSolo Fertilizers Inc. from July 29, 2014 to August 10, 2015. Mr. Hornor is a graduate of the University of Southern California (Bachelor of Arts) and the University of Virginia School of Law (Juris Doctorate) in 1999. Mr. Hornor received two Japanese Ministry of Education (Mombusho) fellowships and completed graduate and post-graduate work at Tohoku University in Sendai and at Tokyo University in Law and Economics respectively. He is Managing Director and Founder of Tejas Capital Corporation.

CEO Compensation
  • Insufficient data for B. to compare compensation growth.
  • B.'s remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Maple Gold Mines management team in years:

1.5
Average Tenure
  • The average tenure for the Maple Gold Mines management team is less than 2 years, this suggests a new team.
Management Team

B. Hornor

TITLE
President
COMPENSATION
CA$1M
AGE
46
TENURE
1.6 yrs

Gregg Orr

TITLE
Chief Financial Officer
COMPENSATION
CA$126K
TENURE
1.4 yrs

Joness Lang

TITLE
Vice President of Corporate Development
TENURE
1.8 yrs

Fred Speidel

TITLE
Vice President of Exploration
TENURE
1.5 yrs

Michelle Borthwick

TITLE
Vice President of Compliance and Corporate Secretary
TENURE
0.9 yrs
Board of Directors Tenure

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

1.6
Average Tenure
58.5
Average Age
  • The average tenure for the Maple Gold Mines board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jay Chmelauskas

TITLE
Chairman of the Board
COMPENSATION
CA$93K
AGE
48
TENURE
1.4 yrs

B. Hornor

TITLE
President
COMPENSATION
CA$1M
AGE
46
TENURE
1.6 yrs

Jean Lafleur

TITLE
Member of Technical Advisory Committee
COMPENSATION
CA$162K
AGE
63
TENURE
1.7 yrs

Sean Charland

TITLE
Director
COMPENSATION
CA$11K
AGE
36
TENURE
2.8 yrs

Maurice A. Tagami

TITLE
Director
COMPENSATION
CA$91K
AGE
60
TENURE
1.6 yrs

David Broughton

TITLE
Director
COMPENSATION
CA$91K
TENURE
1.6 yrs

Pierre Lebel

TITLE
Director
COMPENSATION
CA$93K
AGE
69
TENURE
1.6 yrs

Janine North

TITLE
Director
COMPENSATION
CA$90K
AGE
57
TENURE
1.6 yrs

Raymond Bergen

TITLE
Member of Technical Advisory Committee
AGE
66
TENURE
1.7 yrs

John Casson

TITLE
Member of Technical Advisory Committee
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Maple Gold Mines 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 Buy B. Hornor Individual 15. Feb 19 15. Feb 19 24,500 CA$0.11 CA$2,573
15. Feb 19 Buy Joness Lang Individual 13. Feb 19 13. Feb 19 30,000 CA$0.11 CA$3,150
29. Jun 18 Buy EBC Consulting Group Ltd Company 27. Jun 18 29. Jun 18 29,500 CA$0.14 CA$4,003
29. Jun 18 Buy B. Hornor Individual 28. Jun 18 28. Jun 18 35,800 CA$0.14 CA$5,000
29. Jun 18 Buy Sean Charland Individual 28. Jun 18 28. Jun 18 36,500 CA$0.14 CA$5,110
17. Apr 18 Buy Maurice A. Tagami Individual 11. Apr 18 11. Apr 18 100,000 CA$0.24 CA$24,000
13. Apr 18 Buy Michelle Borthwick Individual 11. Apr 18 11. Apr 18 49,667 CA$0.24 CA$11,920
14. Apr 18 Buy Sean Charland Individual 10. Apr 18 10. Apr 18 42,000 CA$0.24 CA$10,080
13. Apr 18 Buy Friedrich Speidel Individual 11. Apr 18 11. Apr 18 41,700 CA$0.24 CA$10,008
13. Apr 18 Buy Akiko Levinson Individual 11. Apr 18 11. Apr 18 50,000 CA$0.24 CA$12,000
13. Apr 18 Buy George King Individual 11. Apr 18 11. Apr 18 100,000 CA$0.24 CA$24,000
X
Management checks
We assess Maple Gold Mines'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. Maple Gold Mines 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.

MGM News

Simply Wall St News

Maple Gold Mines Ltd (CVE:MGM): What Does It Mean For Your Portfolio?

Check out our latest analysis for Maple Gold Mines An interpretation of MGM's beta Maple Gold Mines’s five-year beta of 5.38 means that the company’s value will swing up by more than the market during prosperous times, but also drop down by more in times of downturns. … I test MGM’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint. … Thus, we can expect MGM to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

Simply Wall St -

Why Maple Gold Mines Ltd's (CVE:MGM) Investor Composition Impacts Your Returns

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: With a low level of institutional ownership, investors in MGM need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Before You Buy Maple Gold Mines Ltd's (CVE:MGM), You Should Consider This

With a beta of 5.7, Maple Gold Mines is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … With a market cap of CA$49.34M, MGM falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

MGM Company Info

Description

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project with 701 contiguous mineral claims covering an area of approximately 37,475 hectares 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.

Details
Name: Maple Gold Mines Ltd.
MGM
Exchange: TSXV
Founded: 2010
CA$18,813,325
209,036,954
Website: http://www.maplegoldmines.com
Address: Maple Gold Mines Ltd.
250 Place d’Youville,
2e etage,
Montreal,
Quebec, H2Y 2B6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MGM Common Shares TSX Venture Exchange CA CAD 09. Aug 2011
OTCPK MGML.F Common Shares Pink Sheets LLC US USD 09. Aug 2011
DB M3G Common Shares Deutsche Boerse AG DE EUR 09. Aug 2011
LSE 0AJ1 Common Shares London Stock Exchange GB CAD 09. Aug 2011
Number of employees
Current staff
Staff numbers
14
Maple Gold Mines employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:20
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2018/11/22
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.