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Thesis Gold & Silver

TAU.V
Other Precious Metals · Basic Materials
Price
C$3.75
+0.00 (+0.00%)
Market Cap
C$1.05B
Exchange
Toronto Stock Exchange Ventures
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+275.3% over 4y

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

Diluted shares outstanding: 66.0M (2022) → 247.7M (2026)

Winston Score History

The full picture

Thesis Gold & Silver Inc. is a Canadian mineral exploration company focused on finding and developing gold and silver deposits. Its main asset is the Lawyers-Ranch project, a large gold-silver exploration property located in north-central British Columbia, Canada. The company does not yet mine or sell metal — it is in the exploration and resource development stage.

Thesis Gold makes no revenue from selling gold or silver yet. Instead, it funds its work by raising money from investors through share offerings, which is typical for junior exploration companies. With a market cap near $0.8 billion, it is considered a mid-sized junior miner, and its competitive position rests on the scale and grade potential of the Lawyers-Ranch land package, which hosts multiple known mineral zones. The key growth driver is advancing the project toward a formal resource estimate and eventually a feasibility study, while the main risk is that exploration results may not support an economically viable mine.

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

+0.0% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

C$0/ year

Research and development spending

Insider Activity

9.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~9 years

C$76M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

C$76M 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.

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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
-4.6%
Weak — -4.6% 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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