OIII Stock Overview

Engages in the acquisition, exploration, and development of precious metal resource properties in Canada. More details

OIII fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 98.9% below our estimate of its fair value

Earnings are forecast to grow 67.23% per year

Risk Analysis

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

Volatile share price over the past 3 months compared to the Canadian market

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

O3 Mining Inc. Competitors

West Red Lake Gold Mines

TSXV:WRLG

CA$188.1m

Jaguar Mining

TSX:JAG

CA$174.5m

Thor Explorations

TSXV:THX

CA$197.1m

Mayfair Gold

TSXV:MFG

CA$191.2m

Price History & Performance

Summary of share price highs, lows and changes for O3 Mining
Historical stock prices
Current Share Price	CA$1.65
52 Week High	CA$1.67
52 Week Low	CA$0.91
Beta	0.73
1 Month Change	58.65%
3 Month Change	55.66%
1 Year Change	4.43%
3 Year Change	-19.90%
5 Year Change	-42.51%
Change since IPO	-52.99%

Recent updates

Does O3 Mining (CVE:OIII) Have A Healthy Balance Sheet?

Jun 08

Is O3 Mining (CVE:OIII) Weighed On By Its Debt Load?

Aug 30

Shareholder Returns

	OIII	CA Metals and Mining	CA Market
7D	0%	2.5%	1.7%
1Y	4.4%	18.8%	16.1%

Return vs Industry: OIII underperformed the Canadian Metals and Mining industry which returned 17.8% over the past year.

Return vs Market: OIII underperformed the Canadian Market which returned 16.3% over the past year.

Price Volatility

Is OIII's price volatile compared to industry and market?
OIII volatility
OIII Average Weekly Movement	17.0%
Metals and Mining Industry Average Movement	10.1%
Market Average Movement	8.1%
10% most volatile stocks in CA Market	17.4%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: OIII's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: OIII's weekly volatility has increased from 10% to 17% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	48	Jose Vizquerra Benavides	www.o3mining.com

O3 Mining Inc. engages in the acquisition, exploration, and development of precious metal resource properties in Canada. The company primarily explores for gold deposits. Its flagship property is the Marban Alliance property with 65 mining claims covering 2,189 hectares located in the western portion of the province of Québec, Canada.

O3 Mining Inc. Fundamentals Summary

How do O3 Mining's earnings and revenue compare to its market cap?
OIII fundamental statistics
Market cap	CA$179.47m
Earnings (TTM)	-CA$41.34m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-4.3x

P/E Ratio

Is OIII overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OIII income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$41.35m
Earnings	-CA$41.34m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.38
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	2.8%

How did OIII perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 08:17
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

O3 Mining Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Carey MacRury	Canaccord Genuity
Jeremy Hoy	Canaccord Genuity
Michael Fairbairn	Canaccord Genuity

OIII Stock Overview

Rewards

Risk Analysis

O3 Mining Inc. Competitors

TSXV:WRLG

CA$188.1m

TSX:JAG

CA$174.5m

TSXV:THX

CA$197.1m

TSXV:MFG

CA$191.2m

Price History & Performance

Recent News & Updates

Price target decreased by 35% to CA$2.09

New minor risk - Share price stability

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive to acquire O3 Mining Inc. (TSXV:OIII) from Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others for approximately CAD 190 million.

O3 Mining Inc. Initiates Drilling at Kinebik Project Along Casa Berardi Break

O3 Mining Inc. announced that it has received CAD 1.476799 million in funding

O3 Mining Inc. announced that it has received CAD 1.400001 million in funding

Recent updates

Price target decreased by 35% to CA$2.09

New minor risk - Share price stability

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive to acquire O3 Mining Inc. (TSXV:OIII) from Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others for approximately CAD 190 million.

O3 Mining Inc. Initiates Drilling at Kinebik Project Along Casa Berardi Break

O3 Mining Inc. announced that it has received CAD 1.476799 million in funding

O3 Mining Inc. announced that it has received CAD 1.400001 million in funding

President recently bought CA$2.1m worth of stock

Price target decreased by 14% to CA$2.94

Price target increased by 9.6% to CA$3.75

O3 Mining Inc. has completed a Composite Units Offering in the amount of CAD 18.15 million.

New major risk - Financial position

O3 Mining Inc. Intersects 102.0 g/t Au over 1.5 Metres at Malartic H, Marban Alliance

Does O3 Mining (CVE:OIII) Have A Healthy Balance Sheet?

O3 Mining Inc. Confirms Auriferous Corridors in the Sediments at the Ludovick Sector, Horizon Project

New major risk - Revenue and earnings growth

O3 Mining Inc. Intersects 119.1 G/T Au over 2.5 Metres at Malartic H, Marban Alliance

O3 Mining Inc., Annual General Meeting, Jun 12, 2024

O3 Mining Inc. Announces the Start of A 3,000 Metre Drill Campaign At the Ludovick Sector in the Horizon Project, Located Seven Kilometres West of the Marban and Norlartic Deposits and Four Kilometres North-East of the Canadian Malartic Open-Pit Owned by Agnico Eagles Mines Limited

New major risk - Financial position

O3 Mining Inc. Announces Resignation of Mélissa Desrochers as Director

O3 Mining Inc. Intersects 9.6 G/T Au over 6.2 Metres At Norlartic Extension, Marban Alliance

Moneta Gold Inc. (TSX:ME) completed the acquisition of Nighthawk Gold Corp. (TSX:NHK) from O3 Mining Inc., The K2 Principal Fund L.P., a fund managed by K2 & Associates Investment Management Inc. and others.

New minor risk - Market cap size

New minor risk - Shareholder dilution

O3 Mining Inc. announced that it has received CAD 18.559639 million in funding

Moneta Gold Inc. (TSX:ME) entered into an arrangement agreement to acquire Nighthawk Gold Corp. (TSX:NHK) from O3 Mining Inc., The K2 Principal Fund L.P., a fund managed by K2 & Associates Investment Management Inc. and others for CAD 56.2 million.

O3 Mining Inc. announced that it expects to receive CAD 9.008604 million in funding

Is O3 Mining (CVE:OIII) Weighed On By Its Debt Load?

O3 Mining Inc. Reports Results from Upper Camflo Drill Program, Marban Alliance

New minor risk - Shareholder dilution

O3 Mining Inc. Receives Results from its 1,368 Metres Drilling Campaign on the Hygrade Fold Area Within the Marban Alliance Project, in Val-D'or, Quebec, Canada

O3 Mining Inc. announced that it has received CAD 10 million in funding

O3 Mining Inc. Intersects 4.0 G/T Au over 36.5 Metres on Malartic H Deposit At Marban

O3 Mining Inc. Provides Additional Assay Results from Winter Drill Program on Marban Engineering Project in Val-D'or, Québec, Canada

O3 Mining Inc. agreed to acquire Kinebik Gold Project from NewOrigin Gold Corp. for approximately CAD 0.2 million.

O3 Mining Initiates Drilling At Malartic H

O3 Mining Inc. Announces Executive Changes

O3 Mining Inc. Initiates Drilling At Marban Regional

O3 Mining Inc. Provides Its Outlook and Catalysts for 2023 in Addition to A Review of 2022

O3 Mining Inc. Announces Its Continues Advancing Its Marban Property in Val-D'or Quebec, Canada

O3 Mining Inc. Takes A Major Step In Environmental Permitting Of Marban Engineering Project

Vice President of Exploration exercised options to buy CA$69k worth of stock.

Insufficient new directors

O3 Mining Inc. Delivers First Maiden Mineral Resource Estimate for Bulldog and Kappa At Alpha

O3 Mining Files Technical Report for Marban Engineering

O3 Mining Inc. Completes the Field Audit of UL ECOLOGO Certification

O3 Mining Inc. Receives Initial Results from Its 10,500 Metre Drilling Campaign on the Hygrade Fold Area, Within Marban Engineering in Val-D'or, Quebec, Canada

O3 Mining Inc. Completes Pre-Feasibility Study For Marban Engineering with Post-Tax NPV of C$463 Million, Unlevered IRR of 23.2% And Annual Production Of Over 160Koz Gold

O3 Mining Inc. Announces Mr. Elijah Tyshynski to Step Down from the Board of Directors

O3 Mining Inc. announced that it expects to receive CAD 15.000011 million in funding

O3 Mining Inc. Updates on Well-Funded 40,000 Meter Drilling Program on Marban Project in Val-d'Or, Quebec, Canada

O3 Mining Inc. Announces Results and Interpretation from Its 6,338 Metres Drilling Campaign on the Camflo Extension Deposit, on the Marban Project in Val-D'or, Quebec, Canada

O3 Mining Inc. Provides Progress Update on Pre-Feasibility Study for Marban Engineering

O3 Mining Inc. (TSXV:OIII) completed the acquisition of East-West Property in Quebec from Emergent Metals Corp. (TSXV:EMR).

High number of new and inexperienced directors

Cartier Resources Inc. (TSXV : ECR) acquired Chalice Gold Mines (Quebec) Inc. from O3 Mining Inc. (TSXV : OIII).

O3 Mining Inc., Annual General Meeting, Jun 23, 2022

Cartier Resources Inc. (TSXV : ECR) entered into a non binding letter of agreement to acquire Chalice Gold Mines (Quebec) Inc. from O3 Mining Inc. (TSXV : OIII) for CAD 6 million.

Patriot Battery Metals Inc. (CNSX:PMET) has signed a Purchase Agreement to acquire FCI Claims for CAD 4.06 million from O3 Mining Inc.