Westhaven Gold

WHN.V

Gold · Basic Materials

Price

C$0.28

+0.01 (+1.79%)

Market Cap

C$74.1M

Exchange

Toronto Stock Exchange Ventures

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+80.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 122.6M (2021) → 221.5M (2025)

Westhaven Gold Corp. is a Canadian junior gold exploration company focused on finding and developing gold deposits. Its main asset is the Shovelnose gold property, located in the Spences Bridge Gold Belt of British Columbia, Canada. The company does not yet produce or sell gold — it is purely in the exploration stage, drilling and testing the ground to see how much gold might be there.

Westhaven makes no revenue from gold sales. Instead, it funds its work by issuing shares to investors who bet that the company will eventually find a large enough deposit to mine or sell to a bigger mining company. It operates entirely in British Columbia and is a small-cap company with a market value around $100 million. The biggest risk is that exploration is expensive and uncertain — most junior miners never find a deposit large enough to become a mine, and the company must keep raising money to stay alive.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-716.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Insider Activity

15.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~5 months

$4M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Westhaven Gold has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-2.9%

Weak — -2.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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