Lumina Gold (LUM) AI Stock Analysis

• Market Cap: C$263.33M
• Dividend Yield: N/A
• Average Volume (3M): 240.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: N/A
• EPS Growth: -223.31%
• Country: CA
• Employees: 72
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Mining
• EPS (TTM): -0.14
• Shares Outstanding: 417,977,050
• 10 Day Avg. Volume: 145,653
• 30 Day Avg. Volume: 240,547
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -8.70
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.20
• Price Target Upside: 90.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Lumina Gold's overall score is largely impacted by its poor financial performance, characterized by zero revenue and ongoing losses. While positive technical indicators and recent corporate developments provide some optimism, the lack of profitability and high financial risk weigh heavily on the stock's attractiveness.

Lumina Gold Business Overview & Revenue Model

Company Description

Lumina Gold Corp (LUM) is a Canadian-based precious and base metals exploration company primarily focused on gold projects in Ecuador. The company's flagship asset is the Cangrejos Gold-Copper project, one of the largest undeveloped gold projects in the world. Lumina Gold is engaged in the exploration, development, and acquisition of mineral resources, emphasizing sustainable practices and community engagement.

How the Company Makes Money

Lumina Gold makes money through the exploration and potential development of its mineral projects, primarily through the sale of gold and copper once these projects are operational. The company invests in exploration activities to delineate mineral resources and reserves, increasing the value of their properties. Revenue can also be generated through strategic partnerships, joint ventures, or selling stakes in projects to larger mining companies. Additionally, Lumina Gold may raise funds for operations through equity financing, which involves issuing shares to investors.

Lumina Gold Financial Statement Overview

Summary

Lumina Gold faces significant financial distress, marked by zero revenue, consistent operating losses, and negative equity. The company relies heavily on external financing, presenting liquidity risks.

Income Statement

Lumina Gold has consistently reported zero revenue over the analyzed periods, resulting in no gross or net profit margins. The company is experiencing significant operating losses as evidenced by negative EBIT and EBITDA figures. The lack of revenue growth and continuous net losses highlight substantial financial challenges.

Balance Sheet

The company's balance sheet shows high liabilities compared to its negative equity, leading to a negative equity position. The lack of revenue generation and consistent net losses have eroded equity over time. The debt-to-equity ratio cannot be calculated due to negative equity, but the absolute debt level remains low compared to total liabilities.

Cash Flow

Lumina Gold shows negative operating and free cash flows, indicating cash outflows exceed inflows. The company relies on financing activities for cash, as seen by positive financing cash flows. This unsustainable cash flow pattern presents liquidity risks without revenue generation.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-16.04M	-16.67M	-21.83M	-7.76M	-7.91M	-16.75M
	EBITDA
-36.14M	-16.53M	-21.65M	-7.59M	-7.72M	-16.58M
	Net Income Common Stockholders
-42.36M	-17.25M	-22.25M	-8.21M	-7.99M	-16.37M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.49M	13.64M	795.21K	12.03M	535.78K	6.25M
	Total Assets
17.96M	22.00M	6.56M	17.86M	6.40M	12.34M
	Total Debt
0.00	46.73K	8.01M	0.00	1.45M	73.53K
	Net Debt
-14.49M	-13.59M	7.22M	-12.03M	918.51K	-6.17M
	Total Liabilities
550.45K	29.96M	10.56M	712.69K	1.60M	1.44M
	Stockholders Equity
17.41M	-7.97M	-4.00M	17.15M	4.81M	10.90M
Cash Flow		Free Cash Flow
-28.12M	-17.97M	-20.30M	-6.15M	-7.80M	-16.53M
	Operating Cash Flow
-20.39M	-15.51M	-20.24M	-6.11M	-6.85M	-14.78M
	Investing Cash Flow
-7.45M	-2.28M	-38.54K	-81.17K	-908.16K	-1.71M
	Financing Cash Flow
26.07M	30.62M	9.04M	17.69M	2.04M	8.25M

Lumina Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LUM, the sentiment is Positive. The current price of 0.63 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.56, and above the 200-day MA of 0.53, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 59.37 is Neutral, neither overbought nor oversold. The STOCH value of 93.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LUM.

Lumina Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSL	70 Outperform	$2.86B	147.26	1.00%	0.85%	0.80%	137.87%
OR	56 Neutral	C$5.36B	241.22	1.33%	0.92%	1.62%	-232.31%
Sector *	47 Neutral	$2.67B	-4.14	-28.49%	3.28%	2.49%	-29.25%
LUM	42 Neutral	C$263.33M	―	105.38%	―	―	-223.31%
SEA	38 Underperform	$1.74B	―	-1.59%	―	―	63.45%
NG	31 Underperform	$1.58B	―	96.21%	―	―	1.74%

Lumina Gold Corporate Events

Lumina Gold Secures Power Infrastructure Approval for Cangrejos Project

Lumina Gold Corp. has announced a significant milestone in the development of its Cangrejos project with the approval of power infrastructure designs by Corporación Eléctrica del Ecuador. This includes plans for transformers and a transmission line to connect to the national grid, crucial for the project’s future energy needs. The feasibility study for the project is nearly complete, with the team working on final capital and operating cost estimates. The environmental impact study is on track for submission in mid-2025, aiming for an environmental license by early 2026. These advancements position Lumina Gold favorably in the market, supporting its strategic operations and enhancing its potential to attract stakeholders.

Lumina Gold Secures Funding and Partners with Oak Hill

Lumina Gold has secured an additional US$6.0 million through its agreement with Wheaton Precious Metals, bringing its total draw to US$44.9 million, with potential for more funding. The company also announced a partnership with Oak Hill Financial Inc. to enhance investor relations and communication with potential investors.

Lumina Gold Secures Key Contract in Ecuador

Lumina Gold has successfully negotiated an Exploitation Contract with the Ecuadorian government, marking a significant milestone for its Cangrejos project, the largest gold deposit in Ecuador. This agreement aligns with the company’s pre-feasibility study and ensures a stable economic framework, positioning the project for future development. The contract also includes investor protection rights, enhancing the project’s appeal to stakeholders.

Lumina Gold Issues Equity Incentives and Extends Agreement

Lumina Gold has issued an annual equity incentive grant, offering stock options and restricted share units to its team, aimed at boosting its development projects. The company has also extended its agreement with First Globe Capital International for marketing and advisory services, highlighting its commitment to strategic growth.