Latest revenue
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as of —
Latest net income
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Net margin
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Price · 5Y
Live market
delayed ≤15 min- Market cap
- $138.6M
- Enterprise value
- $138.6M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $17.98
- 52-wk low
- $7.42
- Beta
- —
- Shares out
- 13.4M
5-year trend
What this company does
U.S. GoldMining is an exploration-stage mining company advancing the Whistler gold-copper project in Alaska's Yentna Mining District, about 170 km northwest of Anchorage. The company generates no revenue and funds drilling through capital raises, including its April 2023 IPO that brought in $20 million. Majority-owned (74.2%) by Toronto-listed parent GoldMining Inc., it has completed roughly 6,240 meters of confirmatory drilling across 2023-2024 and is now testing deeper porphyry targets identified through geochemical and geophysical work.
Generated from USGO's filing dated 2026-03-20
Key risks
- Single-asset, exploration-stage: sole project is Whistler in Alaska with no reserves, no revenue, and no production timeline disclosed.
- Controlled company: parent GoldMining Inc. owns ~74.2% of Common Stock, limiting minority shareholder influence and creating conflict-of-interest risk.
- Dilution overhang: 2M IPO warrants exercisable at $13.00 plus parent's 122,490 warrants pressure share price if exercised.
Generated from USGO's filing dated 2026-03-20
Profitability
Return on equity
-91.9%
51.9%Return on assets
-82.8%
49.8%Leverage
Debt / equity
0.11×
30.6%Debt / assets
9.9%
27.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | — | — | $-1.9M | -49.4% | — |
Q4 2025 2025-12-31 | — | — | $-2.0M | -17.0% | — |
Q3 2025 2025-09-30 | — | — | $-2.8M | +35.2% | — |
Q2 2025 2025-06-30 | — | — | $-905.0K | +39.1% | — |
Q1 2025 2025-03-31 | — | — | $-1.3M | -34.2% | — |
Q4 2024 2024-12-31 | — | — | $-1.7M | — | — |
Q3 2024 2024-09-30 | — | — | $-4.3M | -78.4% | — |
Q2 2024 2024-06-30 | — | — | $-1.5M | +35.4% | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Gold and Silver Ores · SIC 1040
Your notes
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Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns USGO
Institutional value
$2.5M
Total shares held
261.9K
Distinct holders
32
-11 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 109.4K | $1.3M | +78.5K (+254.1%) | Added |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 24.6K | $286.6K | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 16.5K | $191.8K | — | New |
| 4 | Russell Investments Group, Ltd. | 14.9K | $173.1K | +9.2K (+160.2%) | Added |
| 5 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 13.3K | $160.8K | — | New |
| 6 | VANGUARD FIDUCIARY TRUST CO | 13.7K | $159.8K | — | New |
| 7 | UBS Group AG | 7.6K | $88.0K | +6.1K (+427.0%) | Added |
| 8 | STRS OHIO | 4.3K | $50.0K | +0 (+0.0%) | No change |
| 9 | NEW YORK STATE COMMON RETIREMENT FUND | 4.1K | $47.9K | +0 (+0.0%) | No change |
| 10 | WELLS FARGO & COMPANY/MN | 2.7K | $31.3K | -1.5K (-35.2%) | Trimmed |
| 11 | RHUMBLINE ADVISERS | 2.3K | $26.8K | +49 (+2.2%) | Added |
| 12 | JPMORGAN CHASE & CO | 1.2K | $13.0K | -5.1K (-81.3%) | Trimmed |
| 13 | Golden State Wealth Management, LLC | 800 | $9.3K | +0 (+0.0%) | No change |
| 14 | BNP PARIBAS FINANCIAL MARKETS | 656 | $7.6K | -254 (-27.9%) | Trimmed |
| 15 | Sound Income Strategies, LLC | 246 | $3.0K | +0 (+0.0%) | No change |
| 16 | CREATIVE FINANCIAL DESIGNS INC /ADV | 249 | $2.9K | +0 (+0.0%) | No change |
| 17 | Legal & General Group Plc | 206 | $2.4K | +0 (+0.0%) | No change |
| 18 | Ameritas Investment Partners, Inc. | 166 | $1.9K | +0 (+0.0%) | No change |
| 19 | Parkside Financial Bank & Trust | 100 | $1.2K | +0 (+0.0%) | No change |
| 20 | CITIGROUP INC | 97 | $1.1K | +44 (+83.0%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With only 6,240m drilled across 2023-2024 and a 2025 program of just 621m of shallow auger, when do you realistically reach an updated Mineral Resource estimate?
- 2
Post-IPO $20M gross proceeds, what is current cash runway and will you raise dilutive equity before the 2026 drilling season?
- 3
With GoldMining Inc. owning 74.2%, how do you protect minority holders from related-party allocations of capital, personnel, or future asset transfers?
Refreshed when USGO files a new report · last from 2026-03-20