STLLR Gold Inc.
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
STLLR has no revenue, its operations used about C$5.6 million a quarter in the first half of 2026, and it itself discloses a material going-concern uncertainty in its interim statements as of June 30, 2026 — under our criteria that is a substance risk, even though it is common among explorers and the cash should last a little over five quarters at the current pace. The projects may prove valuable, but none of that is proven while C$1.87 billion of financing remains open. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
STLLR Gold shows how the billion-dollar illusion works: the presentation puts a US$2.5 billion project value up front, while the quarterly report shows a 13.4 percent base-case return, C$1.87 billion of build costs, C$31.1 million of liquidity and going-concern doubt. Add a royalty dispute over Tower and a Colomac project waiting for money. Buyers are betting on the gold price and on financing at good terms. Not investment advice.
Deposits
About 16.6M oz of resources in three Canadian projects, Tower in the Timmins camp with infrastructure; strong Jonpol drill results in 2026. But more than half is only inferred, and the Tower mine-plan grade is 0.99 g/t.
Project economics
Tower study (June 2025): 13.4% IRR and C$1.36B NPV in the US$2,500 base case, 24% at US$3,200; gold at about US$3,990 on 10/23/2026. A preliminary study that includes inferred resources.
Funding & balance sheet
Liquidity of C$31.1M (6/30/2026) against C$11.1M of outflow in the half-year; material going-concern uncertainty; Tower initial capex of C$1.87B, roughly ten times the market cap.
Legal risk
Since April 2026, a dispute over a 2% royalty allegedly covering many Tower claims, with litigation under way; not mentioned in the October 2026 presentation.
Shareholder base
Eric Sprott 14.9%, Agnico Eagle 10.8% (6/30/2026); both took part in the October 2025 placement at C$1.28, and directors bought alongside.
Worth Noting
Hook: list of the most-discussed stocks in the wallstreet-online.de forum on 10/26/2026. Price reference (closing prices in C$, fundamental data): 0.83 (12/31/2024), 1.63 (12/31/2025), 2.12 (3/2/2026, 52-week high), 1.19 (10/26/2026); placement price 1.28 (10/15/2025). Gold on 10/23/2026 about US$3,990 per ounce (fundamental data).
STLLR Gold does not file periodic reports with the SEC: EDGAR lists only two Form D notices under CIK 1979408 (STLRF), dated 5/30/2023 and 12/9/2024. Basis: interim statements and MD&A Q2 2026 (effective 8/12/2026) with audited comparatives at 12/31/2025, the October 2026 presentation and news releases through 8/20/2026; no further release through 10/26/2026. The report for the quarter ended 9/30/2026 was not yet available.
Own calculations: market cap 151,733,886 shares × C$1.19 ≈ C$180.6M; liquidity 23.067 + 8.000 = C$31.1M; resources 10.963 (Tower) + 5.089 (Colomac) + 0.505 (Hollinger) = 16.56M oz, of which 8.76M inferred (53%); 2025 net loss = 7.519 + 7.744 + 4.044 + 6.306 = C$25.6M; royalty upper bound 5.237M oz × US$2,500 × 1.34 × 2% ≈ C$351M; per ounce (180.6 − 31.1) / 16.56 ≈ C$9.0 ≈ US$6.45 (US$0.714 per C$, fundamental data); warrant proceeds 10,061,930 × 1.54 ≈ C$15.5M; slide 7 peer table: average 1,889 / 12 ≈ US$157, without Skeena 1,103 / 11 ≈ US$100. Not to be confused with Stellar AfricaGold (SPX.TO).
Stock Watch
This analysis is as of October 26, 2026. Stock Watch will tell you what's changed at STLR.TO since then.
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Price history
Chart
Interactive price chart (TradingView).
Last price: 1.19 C$ (As of: October 26, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
No dividend data is available for this stock yet.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Gold
| Company | Market cap (C$B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| STLLR Gold Inc. STLR.TO | 0.2 | – | – | – | 0.0 | – | – |
| Heliostar Metals Ltd HSTR.TO | 0.7 | 17.1 | – | – | 35.2 | – | – |
| GoldMining Inc GOLD.TO | 0.3 | – | – | – | 0.0 | – | – |
| Lake Victoria Gold Ltd. LVG.TO | 0.1 | – | – | – | 0.0 | – | – |
| Median of companies shown | 0.2 | – | – | – | 0.0 | – | – |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales (C$M) | Sales YoY (%) | Net Margin (%) | OCF (C$M) | FCF (C$M) |
|---|---|---|---|---|---|---|---|
| 2024: Q3 | -0.06 | 53.40 | 0 | – | – | -7 | -7 |
| 2024: Q4 | -0.04 | 43.70 | 0 | – | – | -3 | -3 |
| 2025: Q1 | -0.06 | -157.20 | 0 | – | – | -7 | -8 |
| 2025: Q2 | -0.06 | 21.90 | 0 | – | – | -9 | -9 |
| 2025: Q3 | -0.03 | 41.90 | 0 | – | – | -5 | -5 |
| 2025: Q4 | -0.04 | -4.30 | 0 | – | – | -4 | -4 |
| 2026: Q1 | -0.02 | 59.50 | 0 | – | – | -6 | -6 |
| 2026: Q2 | -0.04 | 41.10 | 0 | – | – | -6 | -6 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 3 of our scanner strategies — each hit links to the scanner.
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
AI classification
AI Rating
– Kein SEC-Berichtspflichtiger: STLLR Gold Inc. (TSX: STLR, Ontario, ISIN CA86101P1018) reicht kein 10-K, kein 10-Q und kein 40-F ein; EDGAR führt unter CIK 1979408 (STLRF, OTC) nur zwei Form-D-Meldungen (30.05.2023, 09.12.2024), geprüft 26.10.2026. Pflichtberichte laufen über SEDAR+ nach kanadischem Recht. Die KI-Einstufung verlangt SEC-Belege als Kriterienbasis (analog TUN.LSE, ZEG.LSE, ACG.LSE: keine SEC-Pflichtberichte → nicht-einstufbar). Ergänzend per Volltextsuche geprüft (26.10.2026) gegen Zwischenabschluss und MD&A Q2 2026, Zwischenabschluss und MD&A Q1 2026, Firmenpräsentation Oktober 2026 und Management Information Circular vom 16.04.2026: keine Erwähnung von künstlicher Intelligenz, „artificial intelligence“ oder „machine learning“ im eigenen Geschäft. Für „neutral“ fehlt die vom Kriterienkatalog verlangte Negativprüfung der SEC-Pflichtberichte.
The company
About the Company
STLLR Gold Inc. ist ein kanadisches Gold-Explorations- und Entwicklungsunternehmen mit Sitz in Toronto (gegründet 1910 in Ontario, bis Februar 2024 Moneta Gold). Kernprojekte sind das Tower-Goldprojekt im Timmins-Bergbaurevier (Ontario), das Colomac-Goldprojekt in den Northwest Territories und das Hollinger-Rückstandsprojekt in Timmins. Das Unternehmen fördert noch kein Gold und erzielt keine Umsätze.
- ISIN
- CA86101P1018
Data as of: October 26, 2026 · symbol.source_foreign
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.