Gold X2 Mining Inc.

Gold X2 Mining Inc.

GSHRF
Gold X2 Mining Inc.US flagOther OTC
1.04
USD
-0.03
- -
624.79MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.04
-0.06
-0.15
-0.05
-0.02
-0.03
Free Cash Flow per Basic Share
-0.17
-0.23
-0.26
-0.18
-0.03
-0.08
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.86
1.14
0.46
0.35
0.27
0.3
Tangible Book Value per Share
-0.52
1.3
0.73
0.5
0.33
0.32
Basic Weighted Avg Shares
1
3
89
147
284
392
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
- -
-13
-7
-6
-12
Effective Tax Rate (%)
- -
- -
- -
- -
- -
382.72
Profit Margin (%)
- -
- -
- -
- -
- -
- -
Working Capital
- -
3
11
- -
15
20
LT Debt
- -
- -
- -
- -
- -
- -
Total Equity
- -
4
65
74
93
125
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
-13.03
Return on Common Equity (%)
- -
- -
-61.5
-15.17
-9.22
-14.36

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
345
466
474
Market Capitalization
95
133
204

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
11
41
27
Cash, Cash Equivalents & STI
10
40
26
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1
8
7
Payables & Accruals
1
3
4
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
25.53%
Free Cash Flow
- -
- -
-69.38%
Net Income, GAAP
- -
- -
-14.82%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
- -
- -
- -
-0.02
2025
-0.02
- -
- -
-0.02
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

APIChat
CEO
Michael Henrichsen
Full Time Employees
52
Sector
Basic Materials
Industry
Gold
Address
450 Commerce Place Vancouver BC Canada V6E 2Y3
IPO Date
Jun 9, 2021
Website
goldx2.com
Business
Gold X2 Mining Inc. is a growth-oriented gold exploration and development company focused primarily on the acquisition, advancement, and potential production of gold assets in premier jurisdictions, with a core focus on its wholly-owned Moss Gold Project in Northwest Ontario, Canada. The company’s main products and services encompass gold exploration, mineral resource development, and mining operations aimed at advancing the Moss Gold Project towards becoming a significant gold producer in Canada. The Moss Gold Project features a substantial mineral resource base, including an indicated resource of approximately 1.54 million ounces of gold grading 1.23 grams per tonne (g/t) and an inferred resource of around 5.20 million ounces grading 1.11 g/t, supported by extensive drilling programs exceeding 255,000 meters to date. Gold X2’s operations benefit from strong local infrastructure, including access to highways, hydroelectric power, and supportive communities, enabling district-scale mining activities. In terms of recent major changes, Gold X2 completed the acquisition of Kesselrun Resources Ltd. in late 2025, adding the high-grade Huronian Gold Project and unpatented mining claims contiguous to the Moss Gold Project. This acquisition expanded the company's land package to approximately 28,977 hectares and enhanced exploration potential and flexibility for mine development infrastructure. Additionally, the company acquired the Bluffpoint Gold Project, a non-core asset located 50 kilometers from the Rainy River Mine, further expanding its footprint in Northwestern Ontario. These strategic moves are consistent with Gold X2’s objective of consolidating land positions in the Shebandowan Greenstone Belt and accelerating project development. The company has also recently updated environmental baseline studies at Moss and plans an updated mineral resource estimate (MRE) and preliminary economic assessment (PEA) in Q4 2025 to explore higher-grade zones and optimize early production cash flow. Founded in 2007 and headquartered in Vancouver, British Columbia, Gold X2 Mining operates primarily in Canada with a focus on Northern Ontario. It targets institutional investors, private equity stakeholders, and the broader mining investment community. The company’s growth strategy emphasizes mineral resource expansion through both systematic exploration and strategic acquisitions, leveraging proven management expertise and strong capital backing. Gold X2 aims to deliver long-term shareholder value through the disciplined advancement of its flagship gold assets in tier-one mining jurisdictions. Overall, Gold X2 Mining Inc. offers a comprehensive portfolio of gold exploration and development assets, highlighted by the Moss Gold Project and expanded through strategic acquisitions, underpinning its ambition to become a top ten gold producer in Canada. The company’s recent acquisition of Kesselrun Resources and the advancement of its exploration and environmental programs mark significant operational progress and position it competitively within the Canadian gold mining sector.

Company News

APIChat
  • Gold X2 Intersects 86.0m of 1.37 g/t Au from 314.0m at QES During Infill Drilling at the Moss Gold Project

  • Gold X2 Files First Quarter 2026 Financial Statements

  • Gold X2 Intersects 27.0m of 3.87 g/t Au from 555.0m at Base of the Eastern QES Pit Including 11.0m of 8.84 g/t Au

  • Gold X2 Intersects 60.7m of 1.51 g/t Au from 47.0m at QES as Part of the Moss Gold Project Infill Drilling Program

  • Gold's Discovery Deficit Just Hit a Record; Here's What Comes Next

  • Gold X2 Expands 2026 Drilling Campaign to 160,000 Meters; Eight Drill Rigs Operating by the End of June

  • Gold X2 Intersects Several Shallow, High-Grade Intercepts in the Superion Zone Including 6.10m of 10.4 g/t Au

  • Gold X2 Files 2025 Year-End Disclosure Documents

  • Gold X2 QES Drilling Intercepts 100.75m of 1.50 g/t Au from 495m Including 14m of 3.94 g/t Au from 542m at the Base of the Resource Pit

  • Gold X2 Announces New Superion Shear with Intercept of 9.0m of 3.13 g/t Au Including 3.95m of 6.94 g/t Au

  • Gold X2 Announces the Appointment of Amiel Blajchman as VP of Sustainbaility

  • Gold X2 Announces Filing of NI 43-101 Technical Report for the Moss Gold Project Preliminary Economic Assessment

  • Gold X2 Drills 117m of 1.12g/t Au, Including 10m of 4.37g/t Au; High-Grade Zone Intersected 280m Beneath the Resource Pit Demonstrating Underground Potential at the Moss Gold Deposit

  • Gold X2 Announces Closing of Second and Final Tranche of Private Placement for Gross Proceeds of Approximately $72,738,000

  • Gold X2 Mining Defines Additional High Grade Corridors with Intersects of 87.0m of 1.75 g/t Au and 83.0m @ 1.56 g/t Au at QES Zone Grade Control Drilling

  • Gold X2 Announces Closing of First Tranche of Private Placement for Gross Proceeds of Approximately $43,160,000

  • Gold X2 Discovers Two Mineralized Shears on the Deaty Trend Including 17.0m @ 1.23 g/t Au

  • Gold X2 Announces Positive Reconciliation in Main Zone Grade Control Drilling with Intercepts Including 49.0m of 2.13 g/t Au

  • Gold X2 Announces Strategic Investments from AngloGold Ashanti and Hess Capital Through Non-Brokered Private Placement

  • Gold X2 Mining Delivers Preliminary Economic Assessment and Updated Mineral Resource Estimate for the Moss Gold Project