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Home CompaniesLake Victoria Gold Ltd.

Lake Victoria Gold Ltd.

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.34 CAD 0.01 ( 4.62%)
Last update at 2026-11-04T20:17:00Z
VOLUME
168781
Market Cap
58.55M

Momentum Score

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Lake Victoria Gold Ltd., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Tanzania. The company primarily explores for gold deposits. Its projects include the Tembo gold property located in the Lake Victoria goldfield district in northwest Tanzania; and the Imwelo Gold project located in the Lake Victoria Goldfields within the Geita Greenstone belt. The company was formerly known as Tembo Gold Corp. and changed its name to Lake Victoria Gold Ltd. in December 2023. Lake Victoria Gold Ltd. was incorporated in 1937 and is based in Vancouver, 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
0.32
Low
0.34
High
52 Week Price Range
0.16
Low
0.36
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

Lake Victoria Gold Ltd (TSXV: LVG.V) is a junior gold exploration and development company focused on projects in Tanzania's Lake Victoria goldfields. Long-term growth depends on successful exploration and resource delineation, permitting and project financing, and potential upside from higher gold prices, which may appeal to investors seeking leveraged exposure to exploration gains.

Principal risks are exploration and development execution, ongoing financing needs, gold-price volatility and country-specific regulatory and political uncertainty.

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
0.33
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-27.62%
Net Debt
0.97M
ROCE
-54.74%
Diluted EPS TTM
-0.03

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -3.25M -2.94M -1.06M -1.90M
Net income -3.25M -2.94M -3.30M -1.90M
Selling general administrative 2.73M 1.99M 1.33M 1.40M
Gross profit -0.03M -0.03M -0.03M -0.03M
Reconciled depreciation 0.03M 0.03M 0.03M 0.03M
Operating income -3.11M -2.41M -2.18M -1.91M
Interest expense 0.07M 0.03M 0.02M 0.00M
Tax provision - 0.00M 2.24M 0.00M
Interest income 0.01M 0.01M 0.01M 0.00M
Net interest income -0.06M -0.03M -0.01M 0.00M
Total revenue 0.00M 0.00M 0.00M 0.00M
Total operating expenses 3.11M 2.41M 2.18M 1.91M
Cost of revenue 0.03M 0.03M 0.03M 0.03M
Total other income expense net -0.07M -0.50M 1.13M 0.01M
Net income from continuing ops -3.25M -2.94M -3.30M -1.90M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 8.90M 7.43M 7.18M 7.58M
Total liab 3.84M 1.18M 1.12M 0.56M
Total stockholder equity 5.06M 6.26M 6.07M 7.02M
Capital stock 45.64M 45.26M 44.03M 42.25M
Retained earnings -66.03M -62.78M -59.84M -56.55M
Cash 0.03M 0.63M 2.26M 0.65M
Total current liabilities 3.21M 0.83M 0.77M 0.56M
Net debt 0.97M - - -
Short long term debt 0.38M - - -
Total current assets 0.19M 0.92M 2.42M 0.70M
Long term debt 0.63M 0.35M 0.35M -
Accounts payable 2.39M 0.74M 0.70M 0.51M
Non currrent assets other 0.75M 0.69M 0.52M -
Non current assets total 8.71M 6.52M 4.77M 6.88M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Net borrowings 0.75M 0.00M 0.35M 0.00M
Total cash from financing activities 1.06M 2.47M 2.14M 2.24M
Net income -3.25M -2.94M -3.30M -1.90M
Change in cash -0.60M -1.63M 1.61M 0.60M
Begin period cash flow 0.63M 2.26M 0.65M 0.05M
End period cash flow 0.03M 0.63M 2.26M 0.65M
Total cash from operating activities -0.78M -2.17M -4.67M -1.49M
Issuance of capital stock 0.10M 0.24M 1.79M 2.26M
Depreciation 0.03M 0.03M 0.03M 0.03M
Capital expenditures 0.75M 1.90M 2.38M 0.14M
Change in working capital 1.12M 0.25M -0.32M -0.14M
Stock based compensation 1.29M 0.49M 0.04M 0.52M
Other non cash items 0.03M - - -
Free cash flow -1.53M -4.07M -7.05M -1.64M

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)
LVG
Lake Victoria Gold Ltd.		 0.01
4.62%		 0.34 - - - 3.78 -9.67
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*

Lake Victoria Gold Ltd.

Lake Victoria Gold Ltd., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Tanzania. The company primarily explores for gold deposits. Its projects include the Tembo gold property located in the Lake Victoria goldfield district in northwest Tanzania; and the Imwelo Gold project located in the Lake Victoria Goldfields within the Geita Greenstone belt. The company was formerly known as Tembo Gold Corp. and changed its name to Lake Victoria Gold Ltd. in December 2023. Lake Victoria Gold Ltd. was incorporated in 1937 and is based in Vancouver, Canada.

1090 West Georgia Street, Vancouver, BC, Canada, V6E 3V7

604 685 9316

https://lakevictoriagold.com

Name Title Year Born
Mr. Simon Charles Benstead Executive Chairman & CFO NA
Mr. Marc Cernovitch CEO & Director 1974
Mr. Seth Dickinson COO & Director NA
Mr. David Scott Managing Director of Tanzania, Special Geological Advisor & Director 1955
Mr. Hendrick Meiring Exploration Manager NA
Mr. Nick DeMare CA, CPA Corporate Secretary 1954

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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