GoldMining Inc. (GLDG) 10-Year Financial Performance & Capital Metrics

GLDG • • Industrial / General

Basic MaterialsGoldDevelopment-Stage Gold CompaniesGlobal Exploration Portfolio

AboutGoldMining Inc., a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, United States; and São Jorge Gold Project located in the State of Pará, northeastern Brazil. The company was formerly known as Brazil Resources Inc. and changed its name to GoldMining Inc. in December 2016. GoldMining Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada.Show more

Revenue $0
EBITDA -$26M -0.4%
Net Income -$25M +12.1%
EPS (Diluted) -0.13 +19.6%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -20.39% +5.0%
ROIC -18.28% -15.8%
Debt/Equity 0.00 +12.7%
Interest Coverage -534.30 -2503.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 85 (top 15%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM34.84%

EPS CAGR

10Y-

5Y-

3Y-

TTM37.89%

ROCE

10Y Avg-14.25%

5Y Avg-15.07%

3Y Avg-16.45%

Latest-20.84%

Peer Comparison

Global Exploration Portfolio

Name	Market Cap	Current Price	P/E Ratio	ROE	FCF Yield	Debt/Equity
CTGOContango Ore, Inc.	418.84M	27.99	-8.02	-440.82%	0.17%	54.19
GLDGGoldMining Inc.	302.08M	1.44	-10.72	-8.51%		0.00
NFGCNew Found Gold Corp.	1.09B	3.18	-12.23	-45.25%		0.00
DCDakota Gold Corp.	716.95M	6.33	-17.11	-21.16%		0.00
CNLCollective Mining Ltd.	1.41B	15.23	-40.08	-75.26%		0.00

Profit & Loss

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Sales/Revenue+	0	0	0	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-	-	-	-
Cost of Goods Sold+	110.68K	241.72K	295.84K	284.21K	233.27K	289.34K	189.52K	230.16K	236.51K	330.33K
COGS % of Revenue	-	-	-	-	-	-	-	-	-	-
Gross Profit+	-110.68K	-241.72K	-295.84K	-284.21K	-233.27K	-289.34K	-189.52K	-230.16K	-236.51K	-330.33K
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.78%	-1.18%	-0.22%	0.04%	0.18%	-0.24%	0.34%	-0.21%	-0.03%	-0.4%
Operating Expenses+	3.85M	7.25M	7.55M	6.54M	6.04M	10.63M	11.85M	14.85M	25.75M	25.85M
OpEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Selling, General & Admin	3.85M	7.25M	7.55M	6.54M	6.09M	10.63M	11.85M	14.85M	25.75M	25.85M
SG&A % of Revenue	-	-	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	53.99K	0	0	0	0	0
Operating Income+	-3.96M	-7.49M	-7.85M	-6.83M	-6.27M	-10.92M	-12.04M	-15.08M	-25.99M	-26.18M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.19%	-0.89%	-0.05%	0.13%	0.08%	-0.74%	-0.1%	-0.25%	-0.72%	-0.01%
EBITDA+	-3.85M	-7.25M	-7.55M	-6.54M	-6.04M	-10.63M	-11.85M	-14.85M	-25.75M	-25.85M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.2%	-0.88%	-0.04%	0.13%	0.08%	-0.76%	-0.12%	-0.25%	-0.73%	-0%
D&A (Non-Cash Add-back)	110.68K	241.72K	295.84K	284.21K	233.27K	289.34K	189.52K	230.16K	236.51K	330.33K
EBIT	-4.09M	-7.42M	-7.65M	-6.56M	-6.2M	-11.12M	-11.39M	-12.67M	-24.08M	-23.62M
Net Interest Income+	0	0	0	0	0	70.84K	-138K	-1.7M	-609K	661K
Interest Income	24.08K	52.22K	201.06K	188.83K	155.3K	73.65K	7.56K	53K	657K	710K
Interest Expense	24.08K	52.22K	201.06K	188.83K	0	2.81K	145.69K	1.75M	1.27M	49K
Other Income/Expense	-256.15K	12.54K	166.02K	241.54K	56.09K	-206.91K	121.33M	595K	489.99K	985K
Pretax Income+	-4.22M	-7.48M	-7.68M	-6.59M	-6.22M	-11.13M	109.29M	-14.48M	-25.5M	-25.2M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	9.02M	-1.22M	4.89M	2.1M
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	0.92%	0.92%	1.13%	1%
Net Income+	-4.22M	-7.48M	-7.68M	-6.59M	-6.22M	-11.13M	100.44M	-13.27M	-28.7M	-25.24M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.16%	-0.77%	-0.03%	0.14%	0.06%	-0.79%	10.03%	-1.13%	-1.16%	0.12%
Net Income (Continuing)	-4.22M	-7.48M	-7.68M	-6.59M	-6.22M	-11.13M	100.27M	-13.27M	-30.39M	-27.29M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	1.2M	0	0	3.17M	1.4M
EPS (Diluted)+	-0.05	-0.08	-0.06	-0.05	-0.05	-0.08	0.66	-0.09	-0.17	-0.13
EPS Growth %	0.28%	-0.59%	0.25%	0.18%	0.07%	-0.69%	9.65%	-1.13%	-0.94%	0.2%
EPS (Basic)	-0.05	-0.08	-0.06	-0.05	-0.05	-0.08	0.67	-0.09	-0.17	-0.13
Diluted Shares Outstanding	80.93M	98.2M	124.1M	135.07M	137.87M	146.05M	152.51M	154.05M	171.9M	187.83M
Basic Shares Outstanding	80.93M	98.2M	124.1M	135.07M	137.87M	146.05M	149.41M	154.05M	171.9M	187.83M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Total Current Assets+	1.59M	21.64M	14.35M	9.96M	6.86M	10.12M	12.28M	9.2M	23.73M	13.32M
Cash & Short-Term Investments	1.45M	21.35M	13.98M	9.66M	6.53M	9.29M	11.71M	8.35M	21.59M	11.88M
Cash Only	1.45M	21.34M	13.96M	9.64M	6.48M	9.19M	11.66M	8.32M	21.59M	11.88M
Short-Term Investments	5K	15K	20K	15K	50K	100K	50K	24K	0	0
Accounts Receivable	67.06K	114.14K	165.57K	126.59K	70.81K	62.97K	40K	374K	594K	354K
Days Sales Outstanding	-	-	-	-	-	-	-	-	-	-
Inventory	0	0	0	0	0	350K	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	441.52	-	-	-	-
Other Current Assets	0	0	0	0	0	0	0	24K	165K	189K
Total Non-Current Assets+	21.12M	36.22M	64.77M	63.08M	61.41M	59.3M	187.88M	138.13M	113.15M	107.64M
Property, Plant & Equipment	19.77M	34.6M	62.61M	61.14M	59.47M	57.68M	56.26M	58.61M	60.05M	59.85M
Fixed Asset Turnover	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.35M	1.62M	1.6M	1.39M	1.39M	1.07M	131.09M	78.99M	52.61M	47.3M
Other Non-Current Assets	0	0	553.82K	553.82K	553.82K	553.82K	523.82K	524K	494K	494K
Total Assets+	22.72M	57.86M	79.12M	73.04M	68.28M	69.43M	200.16M	147.33M	136.88M	120.96M
Asset Turnover	-	-	-	-	-	-	-	-	-	-
Asset Growth %	-0.13%	1.55%	0.37%	-0.08%	-0.07%	0.02%	1.88%	-0.26%	-0.07%	-0.12%
Total Current Liabilities+	1.72M	2.24M	2.69M	1.76M	1.81M	3.06M	13.57M	10.99M	2.34M	4.24M
Accounts Payable	1.07M	1.95M	2.47M	770.64K	410.61K	923.2K	992K	1.72M	1.76M	1.6M
Days Payables Outstanding	3.51K	2.94K	3.05K	989.68	642.48	1.16K	1.91K	2.73K	2.71K	1.77K
Short-Term Debt	3.63K	0	0	0	0	350K	12.48M	8.82M	0	0
Deferred Revenue (Current)	-277.47K	-7	-13	0	0	0	0	0	0	0
Other Current Liabilities	802.57K	43.29K	43.04K	0	474.35K	0	-21.38K	-170K	282K	-274K
Current Ratio	0.93x	9.64x	5.33x	5.67x	3.79x	3.31x	0.90x	0.84x	10.12x	3.14x
Quick Ratio	0.93x	9.64x	5.33x	5.67x	3.79x	3.20x	0.90x	0.84x	10.12x	3.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	307.93K	298.12K	783.03K	795.96K	816.69K	861.87K	10.88M	1.25M	2.12M	1.56M
Long-Term Debt	0	0	0	0	0	40K	40K	0	0	0
Capital Lease Obligations	0	0	0	0	0	6.04K	69.77K	162K	329K	299K
Deferred Tax Liabilities	0	0	0	0	0	0	0	296K	0	246K
Other Non-Current Liabilities	307.93K	298.12K	783.03K	795.96K	816.69K	815.83K	10.77M	791K	1.79M	1.02M
Total Liabilities	2.03M	2.54M	3.47M	2.55M	2.63M	3.92M	24.45M	12.24M	4.46M	5.8M
Total Debt+	277.47K	7	13	0	0	472.14K	12.65M	9.08M	395K	387K
Net Debt	-1.17M	-21.34M	-13.96M	-9.64M	-6.48M	-8.72M	987.56K	751K	-21.19M	-11.49M
Debt / Equity	0.01x	0.00x	0.00x	-	-	0.01x	0.07x	0.07x	0.00x	0.00x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-164.43x	-143.46x	-39.02x	-36.15x	-	-3889.79x	-82.66x	-8.63x	-20.53x	-534.30x
Total Equity+	20.69M	55.32M	75.64M	70.49M	65.65M	65.51M	175.7M	135.09M	132.41M	115.16M
Equity Growth %	-0.15%	1.67%	0.37%	-0.07%	-0.07%	-0%	1.68%	-0.23%	-0.02%	-0.13%
Book Value per Share	0.26	0.56	0.61	0.52	0.48	0.45	1.15	0.88	0.77	0.61
Total Shareholders' Equity	20.69M	55.32M	75.64M	70.49M	65.65M	64.3M	175.7M	135.09M	129.24M	113.76M
Common Stock	38.33M	83.85M	110.84M	113.21M	115.5M	128.18M	131.08M	150.88M	176.58M	190.78M
Retained Earnings	-23.15M	-30.69M	-38.42M	-45.01M	-51.23M	-59.93M	41.18M	27.98M	20.18M	-4.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.43M	2.16M	3.22M	2.29M	1.37M	-3.94M	3.44M	-43.77M	-67.52M	-72.68M
Minority Interest	0	0	0	0	0	1.2M	0	0	3.17M	1.4M

Cash Flow

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Cash from Operations+	-3.2M	-5.22M	-5.57M	-5.23M	-4.62M	-7.59M	-7.92M	-10.99M	-21.83M	-22.53M
Operating CF Margin %	-	-	-	-	-	-	-	-	-	-
Operating CF Growth %	0.34%	-0.63%	-0.07%	0.06%	0.12%	-0.64%	-0.04%	-0.39%	-0.99%	-0.03%
Net Income	-4.22M	-7.54M	-7.73M	-6.6M	-6.22M	-11.09M	100.18M	-13.2M	-30.45M	-27.35M
Depreciation & Amortization	108.49K	236.58K	288.74K	270.57K	213.41K	275.16K	185.62K	210K	202K	331K
Stock-Based Compensation	496.32K	1.35M	1.67M	1.08M	1.28M	2.62M	3.01M	2.39M	3.29M	2.3M
Deferred Taxes	386.17K	67.26K	34K	28.92K	65.48K	231.42K	9.01M	-1.22M	4.9M	168K
Other Non-Cash Items	-127.83K	7.03K	8.94K	14.13K	19.86K	16K	-120.95M	77K	229.04K	-556K
Working Capital Changes	152.3K	649.36K	157.69K	-24.85K	12.38K	353.02K	641.22K	755K	-1.04K	2.58M
Change in Receivables	18.27K	-47.09K	-27.58K	38.98K	72.07K	7.84K	-5.88K	-334K	-220K	240K
Change in Inventory	0	0	0	0	0	-7.84K	5.88K	334K	-37K	-12K
Change in Payables	438.14K	735.91K	0	0	0	712.83K	1.21M	729K	37K	-156K
Cash from Investing+	-330.61K	-254.52K	-2.36M	-121.82K	-286.74K	-1.29M	-2.39M	-6.42M	-3.76M	-1.04M
Capital Expenditures	-150.17K	-138.42K	-2.33M	-106.82K	-152.07K	-955.07K	-56.3K	-145K	-1.85M	-549K
CapEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-180	-116	-27	-15	17.03K	-350K	380K	-6.28K	30K	-99K
Cash from Financing+	4.26M	25.37M	546.83K	1.06M	1.65M	11.33M	12.77M	13.91M	38.99M	13.35M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-20.89K	46.31K	6.36K	-8.82K	0	3.58M	-5K	-3.94M	23.19M	39K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.35M	-5.36M	-7.9M	-5.33M	-4.78M	-8.54M	-7.97M	-11.13M	-23.68M	-23.18M
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF Growth %	0.33%	-0.6%	-0.47%	0.32%	0.1%	-0.79%	0.07%	-0.4%	-1.13%	0.02%
FCF per Share	-0.04	-0.05	-0.06	-0.04	-0.03	-0.06	-0.05	-0.07	-0.14	-0.12
FCF Conversion (FCF/Net Income)	0.76x	0.70x	0.72x	0.79x	0.74x	0.68x	-0.08x	0.83x	0.76x	0.89x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.74%	-19.68%	-11.73%	-9.01%	-9.13%	-16.97%	83.28%	-8.54%	-21.46%	-20.39%
Return on Invested Capital (ROIC)	-13.8%	-21%	-12.3%	-8.36%	-7.84%	-14.12%	-7.74%	-7.24%	-15.78%	-18.28%
Debt / Equity	0.01x	0.00x	0.00x	-	-	0.01x	0.07x	0.07x	0.00x	0.00x
Interest Coverage	-164.43x	-143.46x	-39.02x	-36.15x	-	-3889.79x	-82.66x	-8.63x	-20.53x	-534.30x
FCF Conversion	0.76x	0.70x	0.72x	0.79x	0.74x	0.68x	-0.08x	0.83x	0.76x	0.89x

Frequently Asked Questions

Growth & Financials

GoldMining Inc. (GLDG) grew revenue by 0.0% over the past year. Growth has been modest.

GoldMining Inc. (GLDG) reported a net loss of $15.2M for fiscal year 2024.

Dividend & Returns

GoldMining Inc. (GLDG) has a return on equity (ROE) of -20.4%. Negative ROE indicates the company is unprofitable.

GoldMining Inc. (GLDG) had negative free cash flow of $29.9M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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GoldMining Inc. (GLDG) 10-Year Financial Performance & Capital Metrics

GLDG • • Industrial / General

Basic MaterialsGoldDevelopment-Stage Gold CompaniesGlobal Exploration Portfolio

Revenue $0
EBITDA -$26M -0.4%
Net Income -$25M +12.1%
EPS (Diluted) -0.13 +19.6%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -20.39% +5.0%
ROIC -18.28% -15.8%
Debt/Equity 0.00 +12.7%
Interest Coverage -534.30 -2503.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 85 (top 15%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM34.84%

EPS CAGR

10Y-

5Y-

3Y-

TTM37.89%

ROCE

10Y Avg-14.25%

5Y Avg-15.07%

3Y Avg-16.45%

Latest-20.84%

Peer Comparison

Global Exploration Portfolio

Name	Market Cap	Current Price	P/E Ratio	ROE	FCF Yield	Debt/Equity
CTGOContango Ore, Inc.	418.84M	27.99	-8.02	-440.82%	0.17%	54.19
GLDGGoldMining Inc.	302.08M	1.44	-10.72	-8.51%		0.00
NFGCNew Found Gold Corp.	1.09B	3.18	-12.23	-45.25%		0.00
DCDakota Gold Corp.	716.95M	6.33	-17.11	-21.16%		0.00
CNLCollective Mining Ltd.	1.41B	15.23	-40.08	-75.26%		0.00

Profit & Loss

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Sales/Revenue+	0	0	0	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-	-	-	-
Cost of Goods Sold+	110.68K	241.72K	295.84K	284.21K	233.27K	289.34K	189.52K	230.16K	236.51K	330.33K
COGS % of Revenue	-	-	-	-	-	-	-	-	-	-
Gross Profit+	-110.68K	-241.72K	-295.84K	-284.21K	-233.27K	-289.34K	-189.52K	-230.16K	-236.51K	-330.33K
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.78%	-1.18%	-0.22%	0.04%	0.18%	-0.24%	0.34%	-0.21%	-0.03%	-0.4%
Operating Expenses+	3.85M	7.25M	7.55M	6.54M	6.04M	10.63M	11.85M	14.85M	25.75M	25.85M
OpEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Selling, General & Admin	3.85M	7.25M	7.55M	6.54M	6.09M	10.63M	11.85M	14.85M	25.75M	25.85M
SG&A % of Revenue	-	-	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	53.99K	0	0	0	0	0
Operating Income+	-3.96M	-7.49M	-7.85M	-6.83M	-6.27M	-10.92M	-12.04M	-15.08M	-25.99M	-26.18M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.19%	-0.89%	-0.05%	0.13%	0.08%	-0.74%	-0.1%	-0.25%	-0.72%	-0.01%
EBITDA+	-3.85M	-7.25M	-7.55M	-6.54M	-6.04M	-10.63M	-11.85M	-14.85M	-25.75M	-25.85M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.2%	-0.88%	-0.04%	0.13%	0.08%	-0.76%	-0.12%	-0.25%	-0.73%	-0%
D&A (Non-Cash Add-back)	110.68K	241.72K	295.84K	284.21K	233.27K	289.34K	189.52K	230.16K	236.51K	330.33K
EBIT	-4.09M	-7.42M	-7.65M	-6.56M	-6.2M	-11.12M	-11.39M	-12.67M	-24.08M	-23.62M
Net Interest Income+	0	0	0	0	0	70.84K	-138K	-1.7M	-609K	661K
Interest Income	24.08K	52.22K	201.06K	188.83K	155.3K	73.65K	7.56K	53K	657K	710K
Interest Expense	24.08K	52.22K	201.06K	188.83K	0	2.81K	145.69K	1.75M	1.27M	49K
Other Income/Expense	-256.15K	12.54K	166.02K	241.54K	56.09K	-206.91K	121.33M	595K	489.99K	985K
Pretax Income+	-4.22M	-7.48M	-7.68M	-6.59M	-6.22M	-11.13M	109.29M	-14.48M	-25.5M	-25.2M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	9.02M	-1.22M	4.89M	2.1M
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	0.92%	0.92%	1.13%	1%
Net Income+	-4.22M	-7.48M	-7.68M	-6.59M	-6.22M	-11.13M	100.44M	-13.27M	-28.7M	-25.24M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.16%	-0.77%	-0.03%	0.14%	0.06%	-0.79%	10.03%	-1.13%	-1.16%	0.12%
Net Income (Continuing)	-4.22M	-7.48M	-7.68M	-6.59M	-6.22M	-11.13M	100.27M	-13.27M	-30.39M	-27.29M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	1.2M	0	0	3.17M	1.4M
EPS (Diluted)+	-0.05	-0.08	-0.06	-0.05	-0.05	-0.08	0.66	-0.09	-0.17	-0.13
EPS Growth %	0.28%	-0.59%	0.25%	0.18%	0.07%	-0.69%	9.65%	-1.13%	-0.94%	0.2%
EPS (Basic)	-0.05	-0.08	-0.06	-0.05	-0.05	-0.08	0.67	-0.09	-0.17	-0.13
Diluted Shares Outstanding	80.93M	98.2M	124.1M	135.07M	137.87M	146.05M	152.51M	154.05M	171.9M	187.83M
Basic Shares Outstanding	80.93M	98.2M	124.1M	135.07M	137.87M	146.05M	149.41M	154.05M	171.9M	187.83M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Total Current Assets+	1.59M	21.64M	14.35M	9.96M	6.86M	10.12M	12.28M	9.2M	23.73M	13.32M
Cash & Short-Term Investments	1.45M	21.35M	13.98M	9.66M	6.53M	9.29M	11.71M	8.35M	21.59M	11.88M
Cash Only	1.45M	21.34M	13.96M	9.64M	6.48M	9.19M	11.66M	8.32M	21.59M	11.88M
Short-Term Investments	5K	15K	20K	15K	50K	100K	50K	24K	0	0
Accounts Receivable	67.06K	114.14K	165.57K	126.59K	70.81K	62.97K	40K	374K	594K	354K
Days Sales Outstanding	-	-	-	-	-	-	-	-	-	-
Inventory	0	0	0	0	0	350K	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	441.52	-	-	-	-
Other Current Assets	0	0	0	0	0	0	0	24K	165K	189K
Total Non-Current Assets+	21.12M	36.22M	64.77M	63.08M	61.41M	59.3M	187.88M	138.13M	113.15M	107.64M
Property, Plant & Equipment	19.77M	34.6M	62.61M	61.14M	59.47M	57.68M	56.26M	58.61M	60.05M	59.85M
Fixed Asset Turnover	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.35M	1.62M	1.6M	1.39M	1.39M	1.07M	131.09M	78.99M	52.61M	47.3M
Other Non-Current Assets	0	0	553.82K	553.82K	553.82K	553.82K	523.82K	524K	494K	494K
Total Assets+	22.72M	57.86M	79.12M	73.04M	68.28M	69.43M	200.16M	147.33M	136.88M	120.96M
Asset Turnover	-	-	-	-	-	-	-	-	-	-
Asset Growth %	-0.13%	1.55%	0.37%	-0.08%	-0.07%	0.02%	1.88%	-0.26%	-0.07%	-0.12%
Total Current Liabilities+	1.72M	2.24M	2.69M	1.76M	1.81M	3.06M	13.57M	10.99M	2.34M	4.24M
Accounts Payable	1.07M	1.95M	2.47M	770.64K	410.61K	923.2K	992K	1.72M	1.76M	1.6M
Days Payables Outstanding	3.51K	2.94K	3.05K	989.68	642.48	1.16K	1.91K	2.73K	2.71K	1.77K
Short-Term Debt	3.63K	0	0	0	0	350K	12.48M	8.82M	0	0
Deferred Revenue (Current)	-277.47K	-7	-13	0	0	0	0	0	0	0
Other Current Liabilities	802.57K	43.29K	43.04K	0	474.35K	0	-21.38K	-170K	282K	-274K
Current Ratio	0.93x	9.64x	5.33x	5.67x	3.79x	3.31x	0.90x	0.84x	10.12x	3.14x
Quick Ratio	0.93x	9.64x	5.33x	5.67x	3.79x	3.20x	0.90x	0.84x	10.12x	3.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	307.93K	298.12K	783.03K	795.96K	816.69K	861.87K	10.88M	1.25M	2.12M	1.56M
Long-Term Debt	0	0	0	0	0	40K	40K	0	0	0
Capital Lease Obligations	0	0	0	0	0	6.04K	69.77K	162K	329K	299K
Deferred Tax Liabilities	0	0	0	0	0	0	0	296K	0	246K
Other Non-Current Liabilities	307.93K	298.12K	783.03K	795.96K	816.69K	815.83K	10.77M	791K	1.79M	1.02M
Total Liabilities	2.03M	2.54M	3.47M	2.55M	2.63M	3.92M	24.45M	12.24M	4.46M	5.8M
Total Debt+	277.47K	7	13	0	0	472.14K	12.65M	9.08M	395K	387K
Net Debt	-1.17M	-21.34M	-13.96M	-9.64M	-6.48M	-8.72M	987.56K	751K	-21.19M	-11.49M
Debt / Equity	0.01x	0.00x	0.00x	-	-	0.01x	0.07x	0.07x	0.00x	0.00x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-164.43x	-143.46x	-39.02x	-36.15x	-	-3889.79x	-82.66x	-8.63x	-20.53x	-534.30x
Total Equity+	20.69M	55.32M	75.64M	70.49M	65.65M	65.51M	175.7M	135.09M	132.41M	115.16M
Equity Growth %	-0.15%	1.67%	0.37%	-0.07%	-0.07%	-0%	1.68%	-0.23%	-0.02%	-0.13%
Book Value per Share	0.26	0.56	0.61	0.52	0.48	0.45	1.15	0.88	0.77	0.61
Total Shareholders' Equity	20.69M	55.32M	75.64M	70.49M	65.65M	64.3M	175.7M	135.09M	129.24M	113.76M
Common Stock	38.33M	83.85M	110.84M	113.21M	115.5M	128.18M	131.08M	150.88M	176.58M	190.78M
Retained Earnings	-23.15M	-30.69M	-38.42M	-45.01M	-51.23M	-59.93M	41.18M	27.98M	20.18M	-4.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.43M	2.16M	3.22M	2.29M	1.37M	-3.94M	3.44M	-43.77M	-67.52M	-72.68M
Minority Interest	0	0	0	0	0	1.2M	0	0	3.17M	1.4M

Cash Flow

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Cash from Operations+	-3.2M	-5.22M	-5.57M	-5.23M	-4.62M	-7.59M	-7.92M	-10.99M	-21.83M	-22.53M
Operating CF Margin %	-	-	-	-	-	-	-	-	-	-
Operating CF Growth %	0.34%	-0.63%	-0.07%	0.06%	0.12%	-0.64%	-0.04%	-0.39%	-0.99%	-0.03%
Net Income	-4.22M	-7.54M	-7.73M	-6.6M	-6.22M	-11.09M	100.18M	-13.2M	-30.45M	-27.35M
Depreciation & Amortization	108.49K	236.58K	288.74K	270.57K	213.41K	275.16K	185.62K	210K	202K	331K
Stock-Based Compensation	496.32K	1.35M	1.67M	1.08M	1.28M	2.62M	3.01M	2.39M	3.29M	2.3M
Deferred Taxes	386.17K	67.26K	34K	28.92K	65.48K	231.42K	9.01M	-1.22M	4.9M	168K
Other Non-Cash Items	-127.83K	7.03K	8.94K	14.13K	19.86K	16K	-120.95M	77K	229.04K	-556K
Working Capital Changes	152.3K	649.36K	157.69K	-24.85K	12.38K	353.02K	641.22K	755K	-1.04K	2.58M
Change in Receivables	18.27K	-47.09K	-27.58K	38.98K	72.07K	7.84K	-5.88K	-334K	-220K	240K
Change in Inventory	0	0	0	0	0	-7.84K	5.88K	334K	-37K	-12K
Change in Payables	438.14K	735.91K	0	0	0	712.83K	1.21M	729K	37K	-156K
Cash from Investing+	-330.61K	-254.52K	-2.36M	-121.82K	-286.74K	-1.29M	-2.39M	-6.42M	-3.76M	-1.04M
Capital Expenditures	-150.17K	-138.42K	-2.33M	-106.82K	-152.07K	-955.07K	-56.3K	-145K	-1.85M	-549K
CapEx % of Revenue	-	-	-	-	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-180	-116	-27	-15	17.03K	-350K	380K	-6.28K	30K	-99K
Cash from Financing+	4.26M	25.37M	546.83K	1.06M	1.65M	11.33M	12.77M	13.91M	38.99M	13.35M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-20.89K	46.31K	6.36K	-8.82K	0	3.58M	-5K	-3.94M	23.19M	39K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.35M	-5.36M	-7.9M	-5.33M	-4.78M	-8.54M	-7.97M	-11.13M	-23.68M	-23.18M
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF Growth %	0.33%	-0.6%	-0.47%	0.32%	0.1%	-0.79%	0.07%	-0.4%	-1.13%	0.02%
FCF per Share	-0.04	-0.05	-0.06	-0.04	-0.03	-0.06	-0.05	-0.07	-0.14	-0.12
FCF Conversion (FCF/Net Income)	0.76x	0.70x	0.72x	0.79x	0.74x	0.68x	-0.08x	0.83x	0.76x	0.89x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.74%	-19.68%	-11.73%	-9.01%	-9.13%	-16.97%	83.28%	-8.54%	-21.46%	-20.39%
Return on Invested Capital (ROIC)	-13.8%	-21%	-12.3%	-8.36%	-7.84%	-14.12%	-7.74%	-7.24%	-15.78%	-18.28%
Debt / Equity	0.01x	0.00x	0.00x	-	-	0.01x	0.07x	0.07x	0.00x	0.00x
Interest Coverage	-164.43x	-143.46x	-39.02x	-36.15x	-	-3889.79x	-82.66x	-8.63x	-20.53x	-534.30x
FCF Conversion	0.76x	0.70x	0.72x	0.79x	0.74x	0.68x	-0.08x	0.83x	0.76x	0.89x

Frequently Asked Questions

Growth & Financials

GoldMining Inc. (GLDG) grew revenue by 0.0% over the past year. Growth has been modest.

GoldMining Inc. (GLDG) reported a net loss of $15.2M for fiscal year 2024.

Dividend & Returns

GoldMining Inc. (GLDG) has a return on equity (ROE) of -20.4%. Negative ROE indicates the company is unprofitable.

GoldMining Inc. (GLDG) had negative free cash flow of $29.9M in fiscal year 2024, likely due to heavy capital investments.