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Blue Lagoon Resources

BLLG.CN
25
Gold · Basic Materials
Exchange
Canadian Securities Exchange
Winston Score
25
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Winston Score History

The full picture

Blue Lagoon Resources is a small Canadian mining company focused on exploring and developing gold properties. Its main asset is the Dome Mountain Gold Mine in British Columbia, Canada, which the company has been working to bring into production. It operates in the gold mining industry and targets investors and commodity markets as its end customers for any gold it produces.

The company generates revenue by selling gold and silver extracted from its mine, though it is still in an early stage and spends far more than it earns — as shown by its deeply negative operating margin. Blue Lagoon operates entirely in British Columbia, making it a single-asset, single-region junior miner with a market cap around $100 million. Its main risk is the significant capital required to fully develop the Dome Mountain property into a consistent, profitable operation, and any drop in gold prices could make that path even harder.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+61.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

8.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

C$2M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Blue Lagoon Resources has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
47.3%
Healthy — 47.3% gross margin
Profit after running costs
Operating Margin
-18.2%
Losing money on operations — -18.2%
Return on the money invested
ROCE
-34.7%
Weak — -34.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-198.9%
Burning cash (-198.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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