Onyx Gold Corp.
ONYX.V is a gold mining company that generates revenue through the extraction and sale of gold, primarily operating in the Basic Materials sector.
Business. ONYX.V is a gold mining company operating within the Basic Materials sector. The firm is listed on the TSX Venture Exchange under the ticker ONYX.V. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a participant in the gold mining industry.
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2 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
ONYX.V is a gold mining company operating within the Basic Materials sector. The firm is listed on the TSX Venture Exchange under the ticker ONYX.V. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a participant in the gold mining industry.
ONYX.V's capital structure is characterized by a low debt-to-equity ratio of 0.01, indicating a conservative leverage position. The company's liquidity is assessed as medium, with a current ratio of 1.46, suggesting it has sufficient short-term assets to cover its liabilities, but not in excess. However, the company's operating cash flow is negative at -1,166,630 CAD, and its free cash flow is also negative at -4,146,160 CAD, indicating that it is not generating enough cash from operations to fund its capital expenditures.
In terms of profitability, ONYX.V is currently unprofitable, with an operating loss of -1,784,840 CAD and a net loss of -1,431,170 CAD. The company's return on equity is -5.97%, and its return on assets is -5.61%, both of which are negative and suggest poor performance relative to its equity and asset base. These figures are below the industry median for profitability metrics, indicating that the company is underperforming its peers.
The company's revenue is concentrated in the gold mining segment, with no disclosed geographic diversification provided in the available data. This concentration may expose the company to specific market and operational risks associated with the gold sector and its primary operating regions.
Looking at the growth trajectory, ONYX.V is currently experiencing a decline in profitability, as evidenced by its negative operating and net income. The company's capital expenditures are significant at -2,737,150 CAD, which may indicate ongoing investment in its mining operations, but the negative free cash flow suggests that these investments are not yet generating positive returns.
The risk assessment for ONYX.V highlights a medium liquidity risk, primarily due to its negative operating and free cash flows. The company's dilution risk is assessed as low, with no near-term pressure expected. However, the company's negative net cash position after subtracting total debt is a key flag that may impact its financial stability.
Recent events and filings for ONYX.V do not provide specific details on recent operational or strategic developments, but the company's financial performance and liquidity position suggest that it may be facing challenges in maintaining profitability and generating positive cash flows.
- ONYX.V is currently unprofitable with negative operating and net income.
- The company has a low debt-to-equity ratio, indicating a conservative capital structure.
- ONYX.V's liquidity is medium, with a current ratio of 1.46, but it is not generating positive operating or free cash flows.
- The company's return on equity and return on assets are both negative, indicating poor performance relative to its equity and asset base.
- ONYX.V's revenue is concentrated in the gold mining segment, with no disclosed geographic diversification.
- **margin_outlook_rationale**: The company's operating and net margins are negative, indicating a decline in profitability.
- **rd_outlook_rationale**: No specific information is provided on the company's research and development activities or outlook.
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- Net cash is negative after subtracting total debt.
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- ONYX.V Market data — financials · 2026-05-28
- Onyx Gold Corp Market data — analyst estimates · 2026-05-28