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Home CompaniesGFG Resources Inc

GFG Resources Inc

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.165 CAD 0.00(0%)
Last update at 2026-11-04T20:17:00Z
VOLUME
17160
Market Cap
48.40M

Momentum Score

…

GFG Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold deposits. The company holds interests in the Montclerg Gold Project, which comprises 5 patented mining claims and 110 lease claims, located in Ontario, Canada; the Pen Gold Project, covering approximately 475 square kilometers in Ontario, Canada; and the Dore Gold Project, covering an area of approximately 212 square kilometers in Ontario, Canada. GFG Resources Inc. is headquartered in Saskatoon, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.16
Low
0.17
High
52 Week Price Range
0.12
Low
0.21
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

GFG Resources Inc. is a TSX Venture–listed junior mineral exploration company focused on early-stage projects in the mining sector. Its long-term growth drivers include exploration success, advancement of projects toward resource definition and permitting, and exposure to commodity price appreciation, which may attract investors seeking leveraged upside to discoveries.
Primary investment risks include high exploration and development risk, ongoing financing and dilution risk, limited liquidity typical of junior issuers, and sensitivity to commodity prices and permitting outcomes.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.17
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-2.96%
Net Debt
-
ROCE
-6.04%
Diluted EPS TTM
-

Insight Announcement

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Income before tax -1.10M -11.85M -0.86M -0.39M -0.81M
Net income -1.25M -11.85M -0.86M -0.39M -0.81M
Selling general administrative 1.14M 1.06M 1.54M 1.53M 1.65M
Gross profit -0.03M -0.03M -0.04M -0.04M -0.04M
Reconciled depreciation 0.03M 0.03M 0.04M 0.04M 0.04M
Ebit - -1.04M -0.91M -0.32M -0.89M
Ebitda - -1.00M -0.88M -0.28M -0.84M
Depreciation and amortization - 0.03M 0.04M 0.04M 0.04M
Operating income -2.06M -1.04M -0.91M -0.32M -0.89M
Other operating expenses - 1.69M 1.58M 1.57M 1.69M
Interest expense 0.04M 0.08M 0.01M 0.01M 0.02M
Tax provision 0.15M 0.00M - - -
Interest income 0.09M 0.07M 0.01M 0.02M 0.08M
Net interest income 0.05M -0.00M -0.00M 0.01M 0.06M
Income tax expense - 0.66M 0.67M 1.25M 0.74M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 2.06M 1.66M 1.54M 1.53M 1.65M
Cost of revenue 0.03M 0.03M 0.04M 0.04M 0.04M
Total other income expense net 0.91M -10.16M 0.72M 1.18M 0.82M
Net income from continuing ops -1.25M -11.85M -0.86M -0.39M -0.81M
Net income applicable to common shares - -11.85M -0.86M -0.39M -0.81M
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 35.16M 33.43M 39.03M 35.74M 37.27M
Other current assets - - 0.36M - -
Total liab 1.45M 1.29M 0.87M 1.04M 2.43M
Total stockholder equity 33.71M 32.14M 38.15M 34.71M 34.84M
Other current liab 0.36M 0.67M 0.23M 0.40M 1.64M
Common stock - 52.59M 47.02M 42.95M 42.95M
Capital stock 55.01M 52.59M 47.02M 42.95M 42.95M
Retained earnings -24.18M -22.94M -11.09M -10.23M -9.84M
Other liab - 0.27M 0.29M 0.33M 0.33M
Other assets - 0.31M 0.31M 0.61M 0.48M
Cash 2.13M 3.47M 1.21M 1.57M 7.01M
Total current liabilities 1.00M 0.97M 0.46M 0.66M 2.01M
Short long term debt - 0.04M - - -
Other stockholder equity - 2.48M 2.22M 1.98M 1.73M
Property plant equipment - 29.42M 36.68M 33.35M 29.60M
Total current assets 2.31M 3.70M 1.79M 1.79M 7.19M
Long term investments - 0.00M 0.25M - -
Net tangible assets - 32.14M 38.15M 34.71M 34.84M
Net receivables - 0.11M 0.06M 0.08M 0.08M
Long term debt - - 0.04M 0.04M 0.04M
Accounts payable 0.45M 0.14M 0.13M 0.14M 0.28M
Non currrent assets other 0.30M 0.29M 0.29M 0.27M 0.45M
Non current assets total 32.84M 29.73M 37.24M 33.96M 30.08M
Capital lease obligations 0.05M 0.08M 0.11M 0.05M 0.08M
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Investments -2.15M -2.49M -2.08M -4.06M -2.26M
Change to liabilities - 0.04M -0.02M -0.02M 0.00M
Total cashflows from investing activities - -2.49M -2.08M -4.06M -2.26M
Net borrowings - -0.04M -0.04M -0.04M 0.00M
Total cash from financing activities 2.32M 6.10M 3.03M -0.03M 8.95M
Change to operating activities - 0.03M -0.04M -0.01M 0.02M
Net income -1.25M -11.85M -0.86M -0.39M -0.81M
Change in cash -1.34M 2.26M -0.38M -5.42M 5.47M
Begin period cash flow 3.48M 1.23M 1.61M 7.03M 1.56M
End period cash flow 2.15M 3.48M 1.23M 1.61M 7.03M
Total cash from operating activities -1.51M -1.35M -1.32M -1.33M -1.22M
Issuance of capital stock 2.39M 6.14M 3.07M 5.84M 8.95M
Depreciation 0.03M 0.03M 0.04M 0.04M 0.04M
Other cashflows from investing activities - 0.36M -0.36M 0.14M 0.03M
Change to account receivables - -0.05M 0.02M -0.00M -0.02M
Other cashflows from financing activities - 0.01M 0.00M 0.00M 0.04M
Change to netincome - -0.31M -0.45M -0.95M -0.45M
Capital expenditures 2.37M 2.85M 1.78M 3.88M 2.29M
Change in working capital 0.20M 0.02M -0.04M -0.03M -0.00M
Stock based compensation 0.24M 0.25M 0.25M 0.24M 0.30M
Other non cash items -0.87M -0.56M -0.65M -1.22M -0.70M
Free cash flow -3.88M -4.20M -3.10M -5.21M -3.51M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
GFG
GFG Resources Inc		 -
-%		 0.17 - - - 1.07 24.92
OMG
Omai Gold Mines Corp		 0.18
12.08%		 1.67 - - - 62.63 -4.09
ASE
Asante Gold Corporation		 0.07
12.07%		 0.65 - 6.57 2.23 269.42 49.52
THX
Thor Explorations Ltd.		 0.06
6.98%		 0.92 3.41 2.77 2.87 1.88 2.44
MKO
Mako Mining Corp		 0.80
7.86%		 10.98 18.47 2.34 6.21 4.73 10.00

Profile*

GFG Resources Inc

GFG Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold deposits. The company holds interests in the Montclerg Gold Project, which comprises 5 patented mining claims and 110 lease claims, located in Ontario, Canada; the Pen Gold Project, covering approximately 475 square kilometers in Ontario, Canada; and the Dore Gold Project, covering an area of approximately 212 square kilometers in Ontario, Canada. GFG Resources Inc. is headquartered in Saskatoon, Canada.

640 Broadway Avenue, Saskatoon, SK, Canada, S7N 1A9

306 931 0930

https://www.gfgresources.com

Name Title Year Born
Mr. Brian N. Skanderbeg P.Geo. Pres, CEO & Director 1976
Mr. Richard G. Johnson CPA, CA CFO & Corp. Sec. NA
Ms. Monica Oosterman P.Geo. Exploration Mang. NA
Dr. Natalie Pietrzak-Renaud P.Geo., Ph.D. VP of Exploration NA
Mr. Brian N. Skanderbeg P.Geo. President, CEO & Director 1976
Mr. Richard G. Johnson CPA, CA, CPA CFO & Corporate Secretary NA
Mr. Anders Carlson Vice President of Exploration NA
Mr. Marc J. Lepage CPIR Vice-President of Business Development 1982
Mr. Richard G. Johnson CPA, CA CFO & Corporate Secretary NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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