Headwater Gold, Inc.

Headwater Gold, Inc.

0.61
CAD
-0.01
(-1.61%)
-0.03EPS
45.07MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.01
0.02
-0.07
-0.02
- -
-0.06
-0.03
-0.03
Free Cash Flow per Basic Share
-0.01
-0.01
-0.03
-0.01
0.01
-0.01
-0.01
-0.01
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.02
0.17
0.11
0.13
0.13
0.09
0.09
0.09
Tangible Book Value per Share
0.02
0.17
0.11
0.13
0.13
0.09
0.09
0.09
Basic Weighted Avg Shares
50
50
47
53
62
66
73
73
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
1
-3
-1
- -
-4
-2
-2
Effective Tax Rate (%)
- -
25.99
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
7
2
4
3
3
2
2
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
1
8
6
8
8
7
7
7
Return on Invested Capital (%)
- -
27.65
- -
- -
-19.66
- -
- -
- -
Return on Capital (%)
- -
25.26
- -
- -
2.79
- -
- -
- -
Return on Common Equity (%)
- -
25.26
-44.09
-15.35
2.58
-55.9
-29.67
-29.67

Capital Structure

CAD

•

in mil. unless spec.
Aug'26
Nov'26
Feb'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
74
74
76
Market Capitalization
32
41
45

Working Capital

CAD

•

in mil. unless spec.
Aug'26
Nov'26
Feb'26
Total Current Assets
5
5
3
Cash, Cash Equivalents & STI
3
2
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
3
4
1
Payables & Accruals
- -
2
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-0.36%
4.44%
Free Cash Flow
- -
-73.4%
4.78%
Net Income, GAAP
- -
-536.2%
-52.43%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.01
0.01
- -
- -
2025
- -
-0.06
- -
-0.01
-0.06
2026
- -
-0.01
- -
-0.02
-0.03

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Caleb Norman Stroup
Full Time Employees
- -
Sector
Non-energy minerals
Industry
Precious metals
Address
1130 West Pender Street Vancouver BC Canada V6E 4A4
IPO Date
Jun 8, 2021
Business
Headwater Gold Inc. (CSE: HWG) is a Canada-based mineral exploration company focused on the discovery of high-grade precious metal deposits in the mining-friendly Western United States, primarily targeting epithermal gold vein systems in the Great Basin region of Nevada, Idaho, Oregon and Utah; the company maintains a large portfolio of 100%-owned projects including Spring Peak, Lodestar, Agate Point, Midas North, Crane Creek, Katey, Mahogany, Rock Creek, Whiskey and Jake Creek, alongside earn-in agreements covering two projects with Newmont Mining and three projects (TJ, Jake Creek and Hot Creek) with OceanaGold. Founded in 2019 and headquartered at 1130 West Pender Street in Vancouver, British Columbia, Headwater employs a technically-driven team of geoscientists leveraging proprietary target generation software, local knowledge and boots-on-the-ground methods to acquire royalty-free properties and advance them cost-effectively through early drilling. Recent developments include the July 2025 letter of intent with OceanaGold enabling up to US$65 million in exploration funding across three Nevada projects with OceanaGold potentially earning 75% interest while Headwater retains 25% carried interest plus royalties and a 10% management fee; a March 2025 acquisition expanding its Northern Nevada portfolio with the Jake Creek project adjacent to Barrick-Newmont's Turquoise Ridge; a strategic private placement completed in August 2025 led by notable investors Rick Rule and Jeff Williams; and ongoing Newmont-funded drilling at Spring Peak yielding high-grade intercepts such as 3.5 g/t gold over 7.7 meters in 2024 with 2025 focus shifting to Lodestar.

Company News

  • Headwater Gold Plans Drill Program at Whiskey Project, Nevada

  • Geomorphic AI Engaged by Headwater Gold to Accelerate Data Integration and Exploration Targeting

  • Headwater Gold Engages Geomorphic AI to Accelerate Data Integration and Targeting

  • Headwater Gold Announces Results of its Annual General Meeting

  • Headwater Gold Signs New Earn-In Agreement with Newmont on the Jupiter Project, Nevada

  • Headwater Gold Signs New Earn-In Agreement with Newmont on the Jupiter Project, Nevada

  • Headwater Gold Signs Spring Peak Joint Venture Agreement with Newmont

  • Headwater Gold Announces Commencement of Centerra-Funded Drilling at Crane Creek Project, Idaho

  • Headwater Gold Announces Commencement of Centerra-Funded Drilling at Crane Creek Project, Idaho

  • Headwater Gold Provides Corporate Update and Appoints Joshua Carron as VP Exploration

  • Headwater Gold and OceanaGold Commence Drilling at Jake Creek Project, Nevada

  • Headwater Gold Mobilizes District-Scale Geophysical Surveys to Define Extension of TJ Epithermal System, Nevada

  • Headwater Gold Plans Drill Program with OceanaGold at Jake Creek Project, Nevada

  • Headwater Gold Identifies Meridian Zone and Plans Follow-Up Geophysics at Lodestar Project, Nevada

  • Headwater Gold Stakes New District-Scale Epithermal Gold Project in Nevada

  • Headwater Gold Hits Highest Gold Grades to Date at TJ Project, Nevada and Expands Land Position 88%

  • Headwater Gold Completes Oversubscribed Private Placement for Gross Proceeds of $5.75 Million

  • Headwater Gold Announces Private Placement of Common Shares for Gross Proceeds of up to $5 Million

  • Headwater Gold Announces Completion of Drilling Campaigns at the Lodestar and TJ Projects, Nevada

  • Headwater Gold Mobilizes Geophysical Surveys at Jake Creek Project, Nevada and Provides Update on Exploration Activities