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White Gold

WGO.V
Gold · Basic Materials
Price
C$2.10
-0.04 (-1.87%)
Market Cap
C$465.3M
Exchange
Toronto Stock Exchange Ventures
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

+50.4% over 4y

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

Diluted shares outstanding: 134.8M (2021) → 202.8M (2025)

§Winston Score History

The full picture

White Gold Corp. is a Canadian mineral exploration company focused on finding gold deposits in the White Gold district of Yukon, Canada. The company does not mine or sell gold yet — instead, it explores large land packages to discover new gold resources. It controls one of the largest claim areas in the highly prospective White Gold district, covering hundreds of thousands of hectares.

As an exploration-stage company, White Gold does not generate revenue from product sales. It funds its operations by raising money from investors through share offerings. Agnico Eagle Mines and Kinross Gold are strategic investors, which provides both funding and technical credibility. The company's main asset is its large, underexplored land position in a region with proven gold deposits nearby. The key growth driver is making a significant discovery that could lead to a mine or attract a buyout, but the main risk is that exploration may not yield economically viable deposits, and the company will continue to need outside capital to operate.

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

-126.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

Research and development spending

Insider Activity

36.4%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

C$17M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

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
-3.0%
Weak — -3.0% 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
4/8 quarters
Earnings inconsistent quarter-to-quarter

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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
N/A
Data not available
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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