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Visible Gold Mines Inc

Company price
0.155 CAD -0.01 ( 3.12%)
Last update at 2026-11-03T14:30:00Z
VOLUME
473
Market Cap
6.69M
P/E
2.25

Momentum Score

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Visible Gold Mines Inc. engages in the acquisition and exploration of mineral properties in Canada. Its flagship property includes Horsefly property that comprises 392 mining claims located in the Eeyou Istchee James Bay region of Québec. The company primarily explores for gold and lithium deposits. Visible Gold Mines Inc. was incorporated in 2007 and is headquartered in Rouyn-Noranda, Canada.

Source: TradingView
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Day Price Range
0.15
Low
0.15
High
52 Week Price Range
0.07
Low
0.23
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

Visible Gold Mines Inc (VGD.V) is a publicly listed junior mineral exploration company on the TSX Venture Exchange focused on gold exploration. Long-term growth may be driven by successful drilling and resource definition, progress toward development, and exposure to gold prices, which could support upside for investors seeking leverage to exploration outcomes. Principal risks include high exploration and execution risk, reliance on continued financing that can dilute shareholders, sensitivity to gold-price volatility, and limited liquidity and operational history that investors should monitor.

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
0.16
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
236.58%
Net Debt
0.04M
ROCE
91.69%
Diluted EPS TTM
0.08

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Type yearly yearly yearly yearly yearly
Date 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Income before tax -0.45M -0.70M -0.90M -4.09M -0.78M
Net income -0.45M -0.70M -0.90M -4.09M -0.78M
Selling general administrative 0.31M 0.36M 0.27M 0.37M 0.60M
Selling and marketing expenses - - 0.02M 0.01M 0.01M
Gross profit -0.02M -0.02M -0.00M -0.01M -0.00M
Reconciled depreciation 0.02M 0.02M 0.00M 0.01M 0.00M
Ebit - - -0.32M 3.31M -0.44M
Ebitda - - -0.31M 3.32M -0.43M
Depreciation and amortization - - 0.00M 0.01M 0.00M
Operating income -0.45M -0.43M -0.90M -4.10M -0.78M
Other operating expenses - - 0.32M 0.39M 0.61M
Interest expense 0.01M 0.01M 0.01M 0.00M 0.00M
Interest income 0.01M 0.00M 0.00M 0.00M 0.00M
Net interest income 0.00M -0.01M -0.01M 0.00M 0.00M
Income tax expense - - 0.01M 3.70M 0.17M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 0.45M 0.43M 0.32M 0.38M 0.60M
Cost of revenue 0.02M 0.02M 0.00M 0.01M 0.00M
Total other income expense net - -0.26M -0.56M -3.70M -0.17M
Net income from continuing ops -0.45M -0.70M -0.90M -4.09M -0.78M
Net income applicable to common shares - - - -4.09M -0.78M
Breakdown 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Type yearly yearly yearly yearly yearly
Date 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Total assets 0.14M 0.23M 0.80M 1.48M 5.48M
Total liab 0.68M 0.43M 0.26M 0.12M 0.04M
Total stockholder equity -0.54M -0.19M 0.54M 1.36M 5.43M
Other current liab - - - 0.05M 0.01M
Common stock - - - 23.41M 23.41M
Capital stock 23.72M 23.57M 23.56M 23.41M 23.41M
Retained earnings -30.36M -29.89M -29.19M -28.17M -24.08M
Cash 0.02M 0.03M 0.02M 0.17M 0.33M
Total current liabilities 0.64M 0.37M 0.18M 0.12M 0.04M
Net debt 0.04M 0.04M 0.07M - -
Short long term debt 0.02M 0.02M 0.02M - -
Other stockholder equity - - - -0.04M -0.01M
Property plant equipment - - - 1.17M 4.97M
Total current assets 0.03M 0.04M 0.09M 0.19M 0.36M
Long term investments 0.06M 0.12M 0.06M 0.12M 0.15M
Net tangible assets - - - 1.36M 5.43M
Net receivables - 0.00M 0.04M 0.01M 0.02M
Long term debt 0.04M 0.06M 0.07M - -
Accounts payable 0.56M 0.26M 0.08M 0.01M 0.00M
Non current assets total 0.11M 0.19M 0.70M 1.29M 5.12M
Breakdown 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Type yearly yearly yearly yearly yearly
Date 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Investments - 0.00M -0.04M 0.14M -0.04M
Change to liabilities - - - 0.03M -0.27M
Total cashflows from investing activities - - - 0.14M -0.04M
Net borrowings -0.02M -0.02M - - -
Total cash from financing activities 0.12M -0.02M 0.24M 0.25M 0.98M
Change to operating activities - - - 0.01M -0.04M
Net income -0.45M -0.70M -0.90M -4.09M -0.78M
Change in cash -0.02M 0.01M -0.15M -0.16M 0.31M
Begin period cash flow 0.03M 0.02M 0.17M 0.33M 0.02M
End period cash flow 0.02M 0.03M 0.02M 0.17M 0.33M
Total cash from operating activities -0.14M -0.13M -0.34M -0.30M -0.62M
Issuance of capital stock 0.15M 0.00M 0.15M 0.00M 0.60M
Depreciation 0.02M 0.02M 0.00M 0.01M 0.00M
Other cashflows from investing activities - - - 0.05M -0.12M
Change to inventory - - - -0.01M -
Change to account receivables 0.00M 0.04M -0.04M 0.01M -0.03M
Other cashflows from financing activities - - 0.09M 0.14M 0.38M
Change to netincome - - - 0.04M 0.29M
Capital expenditures 0.00M 0.00M 0.12M 0.06M 0.08M
Change in working capital 0.26M 0.25M -0.00M 0.03M -0.31M
Stock based compensation 0.03M 0.05M 0.00M 0.05M 0.29M
Other non cash items - - 0.55M 3.70M 0.00M
Free cash flow -0.14M -0.13M -0.46M -0.35M -0.71M

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)
VGD
Visible Gold Mines Inc
-0.01
3.12%
0.15 2.25 - - 2.55 2.17
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*

Visible Gold Mines Inc

Visible Gold Mines Inc. engages in the acquisition and exploration of mineral properties in Canada. Its flagship property includes Horsefly property that comprises 392 mining claims located in the Eeyou Istchee James Bay region of Québec. The company primarily explores for gold and lithium deposits. Visible Gold Mines Inc. was incorporated in 2007 and is headquartered in Rouyn-Noranda, Canada.

147 Quebec Avenue, Rouyn-Noranda, QC, Canada, J9X 6M8

819 762 0107

Name Title Year Born
Mr. Martin Dallaire P.Eng. Pres, CEO & Director 1968
Mr. Sylvain Champagne B.B.A. CFO, Sec. & Director 1967
Mr. Robert M. Sansfaçon VP of Exploration & Sr. Geologist NA
Mr. Martin Dallaire P.Eng. President, CEO & Director 1968
Mr. Sylvain Champagne B.B.A. CFO, Secretary & Director 1967
Mr. Robert M. Sansfaçon VP of Exploration & Senior Geologist NA
Ms. Veronique Laberge Chief Financial Officer NA
Mr. Jean-Marc Lacoste CEO, President & Director 1969

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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