GoldMining Inc. — financial distress indicators
Financial-health summary
GoldMining Inc.'s reported numbers place it in the 'Watch' financial-health band (distress score 40/100). The main indicators are losses in each of the last 3 years, operations consume cash and ohlson o-score signals likely failure. Independently, the Ohlson accounting model puts its 1-year failure probability at 72% and the market-implied (Merton) default probability is 0.0%. In its favour: cash on hand covers all debt (net-cash balance sheet).
Stress by dimension
Share price — last 12 months
Indicators behind the score
Each red flag shows the evidence from the company’s own filings and the financial or legal principle behind it. Points add to the 0–100 score.
Net income negative in 3 of 3 fiscal years.
Persistent losses erode equity and the capacity to absorb shocks.
Operating cash flow negative in 3 of the last 3 years.
A business that cannot fund itself from operations depends on external capital to survive.
O-score 0.97 → model probability 72%.
Ohlson (1980) logit model of 1-year corporate failure; O > 0 (p > 50%) is the original failure cut-off.
Last price $0.90.
Below the $1 minimum-bid listing standard (Nasdaq Rule 5550(a)(2) / NYSE 802.01C); sustained breach leads to delisting and loss of capital-market access.
Revenue vs net income
Cash generation
Debt vs cash vs equity
✅ Mitigating factors
- Cash on hand covers all debt (net-cash balance sheet).
- Strong current ratio (39.65).
📰 Recent news scan
- GoldMining Intersects 400 Metres of Continuous Gold-Copper Mineralization at the Yarumalito Project, ColombiaYahoo Finance · 2026-10-06
- GoldMining Targets Valuation Gap With San Jorge, La Mina Development PushYahoo Finance · 2026-10-03
- U.S. GoldMining Expands Pipeline of High-Priority Targets With 2026 Surface Exploration Program at its Whistler Gold-Copper Project, AlaskaYahoo Finance · 2026-09-28
- U.S. GoldMining Completes 2026 Drill Program Targeting High-Priority Porphyry Centers at its 100% Owned Whistler Gold-Copper Project, AlaskaYahoo Finance · 2026-09-22
- U.S. GoldMining Provides Update on State-Led West Susitna Access Road, AIDEA Authorizes up to $25 Million in Funding for the State's Planned Geotechnical and Engineering WorkYahoo Finance · 2026-09-02
- U.S. GoldMining Provides Update on 2026 Exploration Program and Policy Tailwinds at its 100% Owned Whistler Gold-Copper Project, AlaskaYahoo Finance · 2026-08-27
⚖️ U.S. legal pathway — Title 11, U.S. Code
Which chapter would apply?
- Chapter 11 — reorganisation. Management usually stays in control as debtor-in-possession; the automatic stay (§362) halts collection; a plan must meet the best-interests test (§1129(a)(7)) and the absolute priority rule (§1129(b)) — creditors are paid before shareholders, who are frequently wiped out.
- Chapter 7 — liquidation. A trustee sells assets and distributes proceeds by statutory priority (§§507, 726).
- Subchapter V (“Chapter 5”) is a fast track for small-business debtors under a statutory debt cap, but SEC-reporting companies are excluded (§101(51D)) — so it rarely applies to listed companies.
What typically triggers a filing
- Payment default or covenant breach lenders will not waive; a debt maturity that cannot be refinanced.
- Auditor going-concern doubt (ASC 205-40 / PCAOB AS 2415) — often itself a default trigger in loan agreements.
- Creditors can force a case with an involuntary petition (§303) if debts are not paid as they come due.
- Delisting after sustained sub-$1 prices or equity deficits cuts off equity funding.
Transactions shortly before filing can be clawed back (preferences — 90 days, §547; fraudulent transfers — 2 years, §548).
Frequently asked questions
What do GoldMining Inc.'s financial-health indicators show?
As of 2026-10-08, GoldMining Inc.'s public financial data places it in the 'Watch' band with a distress score of 40/100, driven by losses in each of the last 3 years, operations consume cash and ohlson o-score signals likely failure. This is a statistical screen of reported numbers — it does not mean the company is insolvent, has defaulted or will enter insolvency proceedings.
What is GoldMining Inc.'s financial distress score?
40/100 ('Watch'). Ohlson O-score 0.97 (model 1-year failure probability 72%). Merton distance-to-default 9.97 σ (model default probability 0.0%).
What works in GoldMining Inc.'s favour?
Cash on hand covers all debt (net-cash balance sheet). Strong current ratio (39.65).
How are shareholders treated if a company enters insolvency?
In a Chapter 11 reorganisation the absolute priority rule pays secured lenders, then unsecured creditors, before shareholders — so existing shares are usually cancelled or heavily diluted. In Chapter 7 the company is liquidated and shareholders rarely recover anything.
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Methodology
Score = capped sum of rule-based red flags across seven dimensions (liquidity, solvency, profitability, cash flow, sales trend, market signal, news). Ohlson O-score (1980) gives an accounting-based 1-year failure probability; Merton distance-to-default (Bharath & Shumway 2008) gives a market-implied probability. Financial institutions use a capital-based rule set. Recalculated every trading day from the latest filings, prices and news.