U.S. Gold Corp.
- Open
- 13.88
- Day high
- 14.40
- Day low
- 13.79
- Prev close
- 14.19
- Volume
- 224K
- Mkt cap
- $235M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 4.5
- P/S
- —
- Yield
- —
- Per share
- —
U.S. Gold Corp. (USAU) is a Basic Materials company listed on NASDAQ. The stock is up 27% over the past year.
U.S. Gold Corp. (USAU) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
USAU earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 16, 2026 | $-0.13 | $-0.35 | -169.2% | — | — |
| Dec 10, 2025 | $-0.13 | $-0.31 | -138.5% | — | — |
| Sep 15, 2025 | $-0.20 | $-0.15 | +25.0% | — | — |
| Mar 17, 2025 | $-0.16 | $-0.43 | -168.8% | — | — |
| Dec 16, 2024 | $-0.23 | $-0.20 | +13.0% | — | — |
| Sep 16, 2024 | — | $-0.24 | — | — | — |
| Mar 18, 2024 | $-0.27 | $-0.18 | +33.3% | — | — |
| Dec 15, 2023 | — | $-0.03 | — | — | — |
| Sep 14, 2023 | — | $-0.31 | — | — | — |
| Mar 17, 2023 | $-0.32 | $-0.27 | +15.6% | — | — |
| Dec 15, 2022 | $-0.30 | $-0.23 | +23.3% | — | — |
| Sep 14, 2022 | $-0.50 | $-0.23 | +54.0% | $-237074 | — |
USAU insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | FIPKE JOHANNAdirector | Grant | 2,822 | — |
| Apr 14, 2026 | Francis Kevin A.officer: VP-Exploration | Buy | 100 | $15.30 |
| Apr 13, 2026 | FIPKE JOHANNAdirector | Buy | 700 | $14.91 |
| Apr 10, 2026 | NORMAN LUKE ANTHONYdirector | Buy | 10,000 | $14.63 |
| Jan 23, 2026 | NORMAN LUKE ANTHONYdirector | Grant | 15,982 | $19.24 |
| Jan 23, 2026 | Bee George Mdirector, officer: CEO, President | Grant | 13,043 | — |
| Jan 23, 2026 | Francis Kevin A.officer: VP-Exploration | Grant | 9,132 | $19.24 |
| Jan 23, 2026 | Waldkirch Michael Ndirector | Grant | 13,699 | $19.24 |
| Jan 23, 2026 | Alexander Ericofficer: Chief Financial Officer | Grant | 11,416 | $19.24 |
| Jan 23, 2026 | Francis Kevin A.officer: VP-Exploration | Grant | 6,752 | — |
| Jan 23, 2026 | FIPKE JOHANNAdirector | Grant | 7,673 | — |
| Jan 23, 2026 | Bee George Mdirector, officer: CEO, President | Grant | 15,982 | $19.24 |
| Jan 23, 2026 | Alexander Ericofficer: Chief Financial Officer | Grant | 8,645 | — |
| Jan 23, 2026 | Schafer Robert Wdirector | Grant | 13,699 | $19.24 |
| Jan 23, 2026 | NORMAN LUKE ANTHONYdirector | Grant | 9,591 | — |
Source: USAU SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full USAU insider & 13F page →U.S. Gold Corp. company profile
Overview
U.S. Gold Corp. (NASDAQ:USAU) is a precious metals exploration and development company founded in 1980 and based in Elko, Nevada. The company focuses on the exploration and development of gold, silver, and copper deposits across multiple properties in the western United States. As a junior mining company, U.S. Gold Corp. is in the pre-production phase, working to advance its mineral properties through exploration, feasibility studies, and development activities with the ultimate goal of bringing mining operations online.
Business
U.S. Gold Corp. operates in the precious metals mining industry, specifically focusing on the exploration and development of gold deposits with secondary interests in silver and copper. The company is what's known as a "junior miner" - a exploration-stage company that identifies, acquires, and develops mineral properties but has not yet begun commercial production. The company's core business involves acquiring mineral rights to promising geological areas, conducting exploration activities such as drilling and geological surveys to assess the quantity and quality of mineral deposits, and advancing properties through various development stages toward potential mining operations. This process can take many years and requires significant capital investment before any revenue is generated. U.S. Gold Corp. currently holds interests in four primary projects: 1. The CK Gold project in Wyoming, covering approximately 1,120 acres in Laramie County, represents the company's most advanced asset. 2. The Keystone project in Nevada spans roughly 20 square miles across 650 unpatented mining claims in Eureka County. 3. The Challis Gold project in Idaho consists of 87 claims covering about 1,710 acres in Lemhi County. 4. The Maggie Creek project in Nevada, where the company has an earn-in agreement to acquire a 50% ownership interest in 103 claims covering approximately 3 square miles. The mining industry operates on extremely long development cycles, with projects typically requiring 10-20 years from initial discovery to commercial production. Companies like U.S. Gold Corp. must navigate complex permitting processes, environmental assessments, feasibility studies, and secure substantial financing before any mining can commence.
Revenue model
U.S. Gold Corp. currently generates no meaningful revenue from mining operations, as evidenced by zero or minimal revenue reported in recent financial statements. The company's business model is based on developing mineral assets to the point where they can either be sold to larger mining companies or advanced to production. The company funds its operations primarily through equity financing, raising capital by issuing shares to investors. These funds are used to pay for exploration activities, property maintenance, regulatory compliance, and general corporate expenses. The company's financial statements show consistent operating losses, which is typical for exploration-stage mining companies. Future revenue generation would come from one of several potential paths: 1. Asset sales or joint ventures - selling developed properties or partnering with larger mining companies that have the capital and expertise to bring projects into production. 2. Royalty agreements - retaining royalty interests in properties sold to other operators. 3. Direct mining operations - advancing projects to commercial production, though this requires substantial additional capital and operational expertise. Several factors significantly impact the company's prospects and margins. Gold prices are the primary external driver, as higher gold prices make marginal deposits economically viable and increase investor interest in gold exploration companies. Capital market conditions directly affect the company's ability to raise funds, as junior miners rely heavily on equity markets for financing. Regulatory environment and permitting processes can significantly impact development timelines and costs. Operational costs including drilling, labor, and equipment expenses directly affect how much exploration activity the company can undertake with available capital. Geological risk remains substantial, as exploration may not yield commercially viable deposits despite significant investment.
Competitive moat
U.S. Gold Corp. operates in a highly competitive industry with limited sustainable competitive advantages. The company's primary assets are its mineral properties, but these do not constitute a strong economic moat for several reasons. The company's land positions, while potentially valuable, are not irreplaceable or unique enough to create lasting competitive advantages. Other mining companies can acquire similar properties in the same geological regions, and the value of any particular property remains speculative until proven through extensive exploration and feasibility studies. The company lacks the scale, operational expertise, and financial resources of major mining companies, putting it at a disadvantage in terms of exploration efficiency and development capabilities. Unlike established miners with producing assets, cash flows, and operational infrastructure, U.S. Gold Corp. must rely entirely on external financing and faces significant execution risk. The company's competitive position is primarily dependent on management's ability to identify promising properties, execute effective exploration programs, and navigate the complex path from exploration to development. However, these capabilities are not unique or defensible advantages in the mining industry. Potential disruption could come from several sources: larger mining companies with superior resources entering the same geographical areas, changes in gold prices making projects uneconomical, regulatory changes affecting mining operations, or technological advances that alter the economics of gold extraction. The company also faces the constant threat of dilution through equity financing and the possibility that exploration efforts may not yield commercially viable deposits. The most realistic path to value creation for U.S. Gold Corp. involves proving up resources and selling or partnering with larger, more capable mining companies rather than attempting to develop mines independently.
Risks & safety
U.S. Gold Corp. presents significant financial risks typical of pre-revenue exploration companies, though it maintains some liquidity cushion. • Cash position: $9.1 million in cash as of Q3 2025, providing limited runway given current burn rate • Cash burn: Operating cash flow negative $3.1 million in Q3 2025, with consistent quarterly burn of $2-3 million • Debt levels: Minimal debt with debt-to-equity ratio of 0.003, indicating low leverage risk • Solvency risk: Moderate to high - current cash levels provide roughly 6-9 months of operations at current burn rate • Valuation metrics: Negative earnings make traditional metrics meaningless; trading at 5.0x book value suggests significant premium to tangible assets • Current ratio: Strong at 12.5x, indicating good short-term liquidity position • Revenue generation: Zero operational revenue creates complete dependence on capital markets for funding • Dilution risk: High probability of future equity raises leading to shareholder dilution The company's survival depends entirely on its ability to access capital markets and investor appetite for speculative mining investments.
Recent development
Based on the available financial data, U.S. Gold Corp. has maintained its focus on exploration and property development activities over the past several years, though specific strategic initiatives are not detailed in the provided financial statements. The company has continued its exploration programs across its four primary properties while managing cash resources carefully. The company's cash position has fluctuated significantly, dropping from over $9 million in 2022 to around $3.4 million in mid-2024, before recovering to $9.1 million by Q3 2025, suggesting successful capital raising activities. This pattern indicates the company has been able to access capital markets when needed, though at the cost of shareholder dilution. Operating losses have remained substantial but relatively stable, ranging from $2-4 million per quarter, indicating consistent exploration and development activities. The company generated minimal revenue of $174,296 in Q4 2024, suggesting some small-scale activities or asset monetization, though this appears to be an isolated occurrence rather than the beginning of regular operations. The company's asset base has remained relatively stable around $20-26 million, primarily consisting of mineral properties and cash, indicating ongoing investment in property development and maintenance of its core assets. The consistent low debt levels suggest management has avoided taking on significant financial leverage, relying instead on equity financing for operations.
USAU company profile · for informational purposes only — not investment advice.
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