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GoldMining

GLDG
Gold · Basic Materials
Also trades as: 0UYN.L GBP 0.01 (+0.00%)
Price
$0.75
+0.00 (+0.48%)
Market Cap
$161.7M
Exchange
New York Stock Exchange American
Winston Score
–
Winston looking sleepy
No score yet — nothing to grade.
This is a pre-revenue company — it has no sales yet, just exploration or development costs. There’s no operating business to grade on profitability, margins or cash flow, so the Winston Score stays blank until it starts booking revenue.
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Share count rising — dilution

+30.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 152.5M (2021) → 199.1M (2025)

§Winston Score History

The full picture

GoldMining Inc. is a mineral exploration and resource company that acquires and develops gold deposits. It does not yet mine or sell gold. Instead, it builds a portfolio of gold projects in North America and South America, holding properties in countries like Canada, the United States, Brazil, Colombia, and Peru. The company's main asset is a large collection of gold and gold-copper resource projects at various early stages of development.

The company does not generate meaningful revenue today. It funds operations by raising money from investors, which is typical for pre-production mining companies. GoldMining also holds a stake in Gold Royalties Corp., a royalty company spun out to give shareholders exposure to future production streams. With a market cap around $200 million and no operating income, the company's value depends almost entirely on gold prices and its ability to eventually advance projects toward production or sell them to larger mining companies. Rising gold prices are the key near-term tailwind, while ongoing cash burn and dilution risk remain the main concerns.

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

Reported EPS Growth

<−1,000% YoY

Quarterly reporting periods ended:

31 Aug 2025: C$0.0019

31 Aug 2026: C$-0.053

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS decreased year over year

R&D Spend

C$0/ year

Research and development spending

Insider Activity

4.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

C$148M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

C$148M cash & investments at current burn rate

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
N/A
—
Data not available
Profit after running costs
Operating Margin
N/A
—
Data not available
Return on the money invested
ROCE
-19.4%
Weak — -19.4% 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
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
—
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
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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