Estados financieros detallados de GoldMining Inc. (GLDG): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto 0.0%, margen operativo 0.0%, margen neto 0.0%.
Al precio actual de $0.98, GLDG presenta beneficios negativos (P/E no significativo) y un ROE del -9.94%. La capitalización bursátil es de $210M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Coste de Ventas | $241715 | $295840 | $284215 | $233274 | $289338 | $189520 | $230159 | $236510 | $330328 | $345598 |
| Beneficio Bruto | -$241715 | -$295840 | -$284215 | -$233274 | -$289338 | -$189520 | -$230159 | -$236510 | -$330328 | -$345598 |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $7.2M | $7.5M | $6.5M | $6.1M | $10.6M | $11.9M | $14.8M | $25.7M | $25.9M | $25.5M |
| Gastos Operativos | $7.2M | $7.5M | $6.5M | $6.0M | $10.6M | $11.9M | $14.8M | $25.7M | $25.9M | $25.5M |
| Beneficio Operativo | -$7.5M | -$7.8M | -$6.8M | -$6.3M | -$10.9M | -$12.0M | -$15.1M | -$26.0M | -$26.2M | -$25.9M |
| EBITDA | -$7.2M | -$7.3M | -$6.3M | -$6.0M | -$10.8M | -$11.2M | -$12.4M | -$23.8M | -$23.3M | -$25.0M |
| Gastos por Intereses | $52218 | $201056 | $188833 | 0 | $2807 | $145687 | $1.7M | $1.3M | $49000 | 0 |
| Beneficio Antes de Impuestos | -$7.5M | -$7.7M | -$6.6M | -$6.2M | -$11.1M | $109.3M | -$14.5M | -$25.5M | -$25.2M | -$25.4M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | $9.0M | -$1.2M | $4.9M | $2.1M | -$10.1M |
| Beneficio Neto | -$7.5M | -$7.7M | -$6.6M | -$6.2M | -$11.1M | $100.4M | -$13.3M | -$28.7M | -$25.2M | -$13.5M |
| BPA | $-0.08 | $-0.06 | $-0.05 | $-0.05 | $-0.08 | $0.67 | $-0.09 | $-0.17 | $-0.13 | $-0.07 |
| BPA Diluido | $-0.08 | $-0.06 | $-0.05 | $-0.05 | $-0.08 | $0.66 | $-0.09 | $-0.17 | $-0.13 | $-0.07 |
| Acciones en Circulación (Diluidas) | $98.2M | $124.1M | $135.1M | $137.9M | $146.0M | $152.5M | $154.0M | $171.9M | $187.8M | $199.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$93936 | -$59930 | -$88990 | -$94000 |
| Beneficio Operativo | -$6.9M | -$8.7M | -$7.3M | -$7.9M |
| EBITDA | $7.0M | -$8.5M | -$7.4M | -$7.8M |
| Beneficio Neto | $371748 | -$6.9M | -$6.6M | -$8.5M |
| BPA | $0.00 | $-0.03 | $-0.03 | $-0.04 |
| BPA Diluido | $0.00 | $-0.03 | $-0.03 | $-0.04 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $21.3M | $14.0M | $9.6M | $6.5M | $9.2M | $11.7M | $8.3M | $21.6M | $11.9M | $4.5M |
| Inversiones a Corto | $15000 | $20000 | $15000 | $50000 | $100000 | $50000 | $24000 | 0 | 0 | $21.9M |
| Cuentas por Cobrar | $114143 | $165566 | $126591 | $70810 | $62966 | $40000 | $374000 | $594000 | $354000 | $157816 |
| Inventario | 0 | 0 | 0 | 0 | $350000 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $21.6M | $14.3M | $10.0M | $6.9M | $10.1M | $12.3M | $9.2M | $23.7M | $13.3M | $27.6M |
| Inmovilizado Material | $34.6M | $62.6M | $61.1M | $59.5M | $57.7M | $56.3M | $58.6M | $60.0M | $59.8M | $2.9M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $57.9M | $79.1M | $73.0M | $68.3M | $69.4M | $200.2M | $147.3M | $136.9M | $121.0M | $237.7M |
| Cuentas por Pagar | $1.9M | $2.5M | $770636 | $410614 | $923197 | $992000 | $1.7M | $1.8M | $1.6M | $2.2M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $350000 | $12.5M | $8.8M | 0 | 0 | 0 |
| Pasivos Corrientes | $2.2M | $2.7M | $1.8M | $1.8M | $3.1M | $13.6M | $11.0M | $2.3M | $4.2M | $2.9M |
| Deuda a Largo | 0 | 0 | 0 | 0 | $40000 | $40000 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $2.5M | $3.5M | $2.6M | $2.6M | $3.9M | $24.5M | $12.2M | $4.5M | $5.8M | $8.4M |
| Reservas | -$30.7M | -$38.4M | -$45.0M | -$51.2M | -$59.9M | $41.2M | $28.0M | $20.2M | -$4.4M | -$7.7M |
| Patrimonio Neto | $55.3M | $75.6M | $70.5M | $65.6M | $64.3M | $175.7M | $135.1M | $129.2M | $113.8M | $226.5M |
| Deuda Total | $7 | $13 | 0 | 0 | $472142 | $12.6M | $9.1M | $395000 | $387000 | $299000 |
| Deuda Neta | -$21.4M | -$14.0M | -$9.7M | -$6.5M | -$8.8M | $937560 | $727000 | -$21.2M | -$11.5M | -$26.1M |
| Capital Circulante | $19.4M | $11.7M | $8.2M | $5.1M | $7.1M | -$1.3M | -$1.8M | $21.4M | $9.1M | $24.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $6.5M | $4.5M | $3.8M | $21.4M |
| Activos Totales | $182.6M | $237.7M | $254.2M | $242.7M |
| Pasivos Totales | $4.5M | $8.4M | $10.1M | $13.5M |
| Patrimonio Neto | $176.9M | $226.5M | $241.6M | $226.6M |
| Deuda Total | $322000 | $299000 | $274973 | $250000 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$7.5M | -$7.7M | -$6.6M | -$6.2M | -$11.1M | $100.2M | -$13.2M | -$30.4M | -$27.3M | -$13.5M |
| Amortizaciones | $236583 | $288741 | $270568 | $213412 | $275163 | $185623 | $210000 | $202000 | $331000 | $345598 |
| Compensación en Acciones | $1.4M | $1.7M | $1.1M | $1.3M | $2.6M | $3.0M | $2.4M | $3.3M | $2.3M | 0 |
| Cambio en Capital Circulante | $649362 | $157691 | -$24850 | $12381 | $353020 | $641221 | $755000 | -$1040 | $2.6M | -$1.2M |
| Flujo de Caja Operativo | -$5.2M | -$5.6M | -$5.2M | -$4.6M | -$7.6M | -$7.9M | -$11.0M | -$21.8M | -$22.5M | -$23.2M |
| Inversiones (CapEx) | -$138416 | -$2.3M | -$106824 | -$152070 | -$955066 | -$56297 | -$145000 | -$1.8M | -$648000 | 0 |
| Adquisiciones | -$116100 | -$26758 | -$15000 | -$151700 | $10391 | -$2.7M | -$78000 | -$42000 | -$206000 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$3.4M | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$5.4M | -$7.9M | -$5.3M | -$4.8M | -$8.5M | -$8.0M | -$11.1M | -$23.7M | -$23.2M | -$23.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$16.2M | -$7.0M | -$6.4M | -$6.2M |
| Inversiones (CapEx) | 0 | 0 | 0 | -$544349 |
| Flujo de Caja Libre | -$16.2M | -$7.0M | -$6.4M | -$6.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.2M | 0 | 0 | $1.2M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Beneficio Neto (anual) | | -2.7% | +14.2% | +5.6% | -79.0% | +1002.8% | -113.2% | -116.3% | +12.1% | +46.7% |
| Crecimiento BPA (anual) | | +24.9% | +18.3% | +7.4% | -68.9% | +982.7% | -112.8% | -93.8% | +19.5% | +49.7% |
| Cambio en Acciones (anual) | | +26.4% | +8.8% | +2.1% | +5.9% | +4.4% | +1.0% | +11.6% | +9.3% | +6.0% |
| Crecimiento FCF (anual) | | -47.2% | +32.4% | +10.5% | -78.9% | +6.7% | -39.6% | -112.7% | +2.1% | -0.1% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | 8.3% | 8.4% | -19.2% | -8.3% | 39.7% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.05 | $-0.06 | $-0.04 | $-0.03 | $-0.06 | $-0.05 | $-0.07 | $-0.14 | $-0.12 | $-0.12 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $98.2M | $124.1M | $135.1M | $137.9M | $146.0M | $149.4M | $154.0M | $171.9M | $187.8M | $199.1M |
Qué mirar en Basic Materials
Mineras, químicas, acero. 100% commodity-driven. Analizar con P/E puro es un error — mira posición de costes y sostenibilidad del dividendo.
- FCF yield — En commodities el FCF es oro — EPS engaña mucho
- Margen bruto — Margen bruto consistente 5y = señal de moat
- Deuda neta / EBITDA (valle) — Usar EBITDA del peor año del ciclo, no el actual
- Dividend coverage — Dividendo cubierto por FCF en año medio, no en pico
- Capex / D&A — >1x = mantienen/crecen reservas. <0.7x = están descapitalizando
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
- P/B en ciclos — Commodities: 0.8-1.2x en valles, 2x+ en picos. <2x aún zona razonable
Rentabilidad
| Rentabilidad sobre capital | -9.94% |
| Rentabilidad sobre capital invertido | -12.81% |
| Rentabilidad sobre activos | -8.93% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 39.65 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -26.24 | -22.92 | -17.18 | -25.31 | -35.49 | 2.45 | -21.35 | -7.44 | -9.11 | -29.34 |
| P/VC | 3.70 | 2.24 | 1.60 | 2.40 | 6.14 | 1.40 | 2.10 | 1.65 | 2.02 | 1.74 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Neto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |