Pasofino Gold Limited (EFRGF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Pasofino Gold Limited (EFRGF) trades at $0.65 with AI Score 48/100 (Grade C). Pasofino Gold Limited is a Canadian mineral exploration company focused on the acquisition, exploration, and development of gold properties. Market cap: $82.09M, Sector: Basic materials.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for EFRGF: EFRGF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates EFRGF against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
EFRGF: the 1 perspectives are evenly split.
How is this calculated? →Pasofino Gold Limited (EFRGF) Materials & Commodity Exposure
Pasofino Gold Limited, incorporated in 2010 and headquartered in Toronto, Canada, is a mineral exploration company primarily focused on the Dugbe gold project in Liberia. The company holds an exclusive option to acquire a 49% interest in this significant 2,559 square kilometer gold concession, positioning it within the gold development sector.
What Is the Investment Thesis for EFRGF?
Pasofino Gold Limited presents an investment thesis centered on the potential of its flagship Dugbe gold project in Liberia. The company holds an exclusive option to acquire a 49% interest in this 2,559 square kilometer concession, providing significant leverage to future exploration success and resource definition. With a market capitalization of $82.09M and a Beta of 1.92, the stock exhibits higher volatility, typical of early-stage resource companies. Key value drivers include the successful advancement of the Dugbe project through feasibility studies, the eventual exercise of its 49% acquisition option, and the potential for increased gold prices. Growth catalysts are tied to positive exploration results, updated resource estimates, and securing the necessary funding for project development. The company's focus on a single, large-scale project means its trajectory is heavily influenced by the technical and economic viability of Dugbe, making exploration and development milestones critical for value appreciation.
Based on FMP financials and quantitative analysis
EFRGF Key Highlights
- Market Capitalization: Pasofino Gold Limited holds a market capitalization of $82.09M, reflecting its current valuation as an exploration-stage company.
- Beta: The company's Beta of 1.92 indicates a higher sensitivity to overall market movements, characteristic of junior mining stocks.
- Employee Base: Pasofino Gold Limited operates with a team of 55 employees, managing its exploration and corporate activities.
- Dugbe Project Scale: The primary asset, the Dugbe gold project, spans an extensive 2,559 square kilometers in southern Liberia, highlighting its significant exploration potential.
- Strategic Option: The company holds an exclusive option to acquire a 49% interest in the Dugbe gold project, representing a key future value driver.
Who Are EFRGF's Competitors?
EFRGF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| WPM Wheaton Precious Metals Corp. | $115.28 | -0.38% | $52.35B | 69 |
| ORLA Orla Mining Ltd. | $10.17 | -0.10% | $3.82B | 69 |
| OR OR Royalties Inc. | $30.82 | -1.97% | $5.78B | 68 |
| FNV Franco-Nevada Corporation | $214.72 | -1.31% | $41.41B | 66 |
| AAUC Allied Gold Corporation | $24.24 | -1.46% | $3.05B | 56 |
| ORZCF Orezone Gold Corporation | $1.77 | +2.69% | $963.00M | 57 |
| RMLRF Ramelius Resources Limited | $2.16 | +2.76% | $4.09B | 57 |
| YRBAF Yorbeau Resources Inc. | $0.04 | +0.00% | $19.02M | 57 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EFRGF's Key Strengths?
- Exclusive option for a 49% interest in the large-scale Dugbe gold project (2,559 sq km).
- Focused strategy on a single, high-potential asset in a known mineralized region.
- Experienced management team in mineral exploration and development.
- Established corporate structure since 2010, providing operational continuity.
What Are EFRGF's Weaknesses?
- Single asset concentration exposes the company to project-specific risks.
- Reliance on external financing for exploration and development, leading to potential dilution.
- Operating in Liberia may present geopolitical and logistical challenges.
- Trades on the OTC market, which can entail lower liquidity and less transparency.
What Could Drive EFRGF Stock Higher?
- Release of updated resource estimates for the Dugbe gold project, which could significantly impact the project's perceived value and attract further investment.
- Completion of a Definitive Feasibility Study (DFS) for the Dugbe project, providing a comprehensive economic and technical assessment critical for development decisions.
- Exercise of the exclusive option to acquire the 49% interest in the Dugbe gold project, solidifying Pasofino's ownership stake and control.
- Continued exploration success within the 2,559 square kilometer Dugbe concession, potentially leading to new discoveries or extensions of known mineralization.
- Securing significant project financing or a strategic partnership to fund the development and construction phases of the Dugbe project.
What Are the Key Risks for EFRGF?
- Financial-distress signal — its Altman Z-Score of -11.05 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Commodity price volatility, specifically in gold, could negatively impact the economic viability of the Dugbe project and future revenue potential.
- Exploration and development risk, as there is no guarantee that the Dugbe project will ultimately prove to be economically viable or reach production.
- Political and sovereign risk associated with operating in Liberia, including potential changes in mining laws, taxation, or social unrest.
- Funding risk, as the company relies on equity markets and partnerships to finance its capital-intensive exploration and development activities, leading to potential dilution.
- Environmental and social risks, including challenges in obtaining and maintaining permits, and managing community relations in the project area.
What Are the Growth Opportunities for EFRGF?
- Growth opportunity 1: Advancing the Dugbe Gold Project to Production. The primary growth driver for Pasofino Gold Limited is the successful advancement of the Dugbe gold project from exploration to a producing mine. This involves completing definitive feasibility studies, securing environmental permits, and arranging project financing. The global gold market, valued at over $200 billion annually, provides a robust demand backdrop. Successful transition to production would transform Pasofino from an explorer to a revenue-generating entity, potentially unlocking significant shareholder value over a 3-5 year timeline, contingent on capital availability and operational execution.
- Growth opportunity 2: Successful Exercise of the 49% Acquisition Option. Pasofino Gold Limited holds an exclusive option to acquire a 49% interest in the Dugbe gold project. Exercising this option, likely within the next 1-3 years following further de-risking and resource definition, would solidify the company's stake in a potentially large-scale gold asset. This increased ownership would directly enhance Pasofino's share of future production and profits, significantly boosting its asset base and market valuation. The ability to secure this substantial interest is critical for long-term growth and control over the project's development trajectory.
- Growth opportunity 3: Expansion of Resource Base Through Further Exploration. The Dugbe project spans an extensive 2,559 square kilometers, suggesting significant untapped exploration potential beyond currently defined resources. Ongoing and future exploration programs within this concession could lead to the discovery of additional gold deposits or extensions of known mineralization. Each successful exploration campaign that delineates new resources adds to the project's overall value and longevity. This organic growth opportunity is continuous throughout the project's lifecycle, with potential for significant resource upgrades over a 2-5 year horizon.
- Growth opportunity 4: Strategic Partnerships and Project Financing. Developing a large-scale gold project like Dugbe requires substantial capital investment. Securing strategic partnerships with larger mining companies or obtaining favorable project financing from institutional lenders represents a significant growth opportunity. Such partnerships can provide not only capital but also technical expertise and operational support, accelerating the project's development timeline. The ability to attract major investment validates the project's potential and reduces financial risk, paving the way for faster progress over the next 1-3 years.
- Growth opportunity 5: Favorable Gold Price Environment. The intrinsic value of Pasofino's assets is highly correlated with the price of gold. A sustained increase in global gold prices, driven by macroeconomic factors such as inflation concerns, geopolitical instability, or currency devaluation, would directly enhance the economic viability of the Dugbe project. Higher gold prices improve project economics, potentially lowering the cut-off grade and increasing the overall recoverable resource, thereby increasing the project's net present value. This external market factor can significantly amplify the returns on exploration and development efforts over any timeline.
What Opportunities Does EFRGF Have?
- Potential for significant resource upgrades and new discoveries within the extensive Dugbe concession.
- Favorable gold price environment could enhance project economics and investor interest.
- Strategic partnerships or joint ventures could de-risk and accelerate project development.
- Transitioning from an explorer to a developer/producer could unlock substantial value.
What Threats Does EFRGF Face?
- Volatility in gold prices impacting project viability and investor sentiment.
- Geopolitical instability or changes in mining regulations in Liberia.
- Challenges in securing adequate funding for project development.
- Negative exploration results or failure to define economic resources at Dugbe.
What Are EFRGF's Competitive Advantages?
- Exclusive option to acquire a significant 49% interest in the large-scale Dugbe gold project, providing a substantial asset base.
- Strategic early-mover advantage in a potentially underexplored region of Liberia with known gold mineralization.
- Management team with experience in mineral exploration and project development in challenging jurisdictions.
- Proprietary geological data and understanding of the Dugbe project area gained through ongoing exploration efforts.
What Does EFRGF Do?
Pasofino Gold Limited, originally incorporated in 2010 as Enforcer Gold Corp., underwent a strategic rebranding in October 2019 to adopt its current name, reflecting its refined focus within the mineral exploration sector. Headquartered in Toronto, Canada, the company's core business revolves around the identification, acquisition, exploration, and ultimately, the development of promising mineral properties. Pasofino's operational strategy is currently anchored by its flagship asset: the Dugbe gold project. This substantial project encompasses an expansive area of 2,559 square kilometers situated in the resource-rich region of southern Liberia. Pasofino Gold Limited holds an exclusive option to acquire a 49% interest in this significant gold concession, which represents a pivotal component of its long-term growth strategy. The company's activities involve conducting geological surveys, drilling programs, and preliminary economic assessments to delineate and evaluate the gold resources within the Dugbe project area. With a dedicated team of 55 employees, Pasofino Gold Limited is committed to advancing the Dugbe project through various exploration and development phases, aiming to unlock its potential value and transition from an exploration-focused entity to a potential gold producer. The company's strategic positioning in Liberia, a region with known mineral potential, underscores its commitment to exploring and developing high-quality gold assets.
What Products and Services Does EFRGF Offer?
- Acquires mineral properties with potential for gold deposits.
- Conducts geological exploration activities, including mapping and sampling.
- Manages drilling programs to define and delineate gold resources.
- Undertakes preliminary economic assessments and feasibility studies for mineral projects.
- Focuses primarily on the Dugbe gold project in southern Liberia.
- Holds an exclusive option to acquire a 49% interest in the Dugbe gold project.
- Aims to develop mineral properties from exploration to potential production.
How Does EFRGF Make Money?
- Primarily an exploration and development company, not yet generating revenue from production.
- Value creation is driven by proving up and de-risking mineral resources through exploration.
- Future revenue generation would stem from gold production and sales from the Dugbe project.
- Potential for value realization through asset sales or joint ventures at various development stages.
- Relies on equity financing and strategic partnerships to fund exploration and development activities.
What Industry Does EFRGF Operate In?
Pasofino Gold Limited operates within the highly specialized and capital-intensive gold exploration and development industry, a sub-segment of the broader Basic Materials sector. This industry is characterized by significant upfront investment, inherent geological risk, and sensitivity to global gold prices. Current market trends include a sustained interest in gold as a safe-haven asset, which can support higher prices, alongside increasing challenges in discovering new, high-grade deposits. Pasofino's focus on the Dugbe project in Liberia positions it among junior explorers and developers aiming to define and de-risk a significant gold resource. The competitive landscape includes numerous other junior and mid-tier gold companies, often vying for capital and skilled personnel, and larger, established producers who may acquire successful projects. Pasofino differentiates itself through its specific asset, the Dugbe project, and its strategic option to acquire a substantial interest.
Who Are EFRGF's Key Customers?
- Currently, the primary 'customers' are investors who provide capital for exploration and development.
- In the future, if the Dugbe project reaches production, customers would be refiners and buyers of gold bullion.
- Potential for future partnerships with larger mining companies for joint development or acquisition of the project.
- Institutional investors and retail investors seeking exposure to gold exploration and development opportunities.
Company Profile
Pasofino Gold Limited operates in the Gold industry within the Basic Materials sector. It is headquartered in Toronto, CA. The company is led by CEO Brett Allan Richards. EFRGF has traded publicly since 2017.
F-Score 1/9Financial Health
Pasofino Gold Limited's Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -11.05 places it in the distress zone, a signal of elevated financial risk.
ROE 40%Key Financial Metrics
Return on equity for Pasofino Gold Limited stands at 39.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -80.9%, showing how much profit it generates from its asset base. Its free cash flow yield is -11.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.24 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -6.1%, the inverse of the P/E and a quick read on earnings relative to price.
EFRGF Valuation & Market Position
With a $82.09M market cap, Pasofino Gold Limited sits in the micro-cap segment of the market. Relative to its peer group, EFRGF's quantitative score of 48/100 is below the peer average of 66/100.
FY2026 estForward Outlook
Wall Street analysts project Pasofino Gold Limited revenue of about $0 for fiscal 2026, with EPS near $-0.11.
EFRGF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests those with the most knowledge of the company see value at current levels.
- The overall community sentiment leans bullish, indicating positive expectations for the company's future prospects.
- Positive community discussions highlight potential growth catalysts and upcoming developments.
- Market perception seems to be improving, with increasing recognition of the company's strategic initiatives.
Bear Case
- Limited information flow from the company in the past month is raising concerns about transparency.
- Bearish community views express skepticism about the company's ability to execute its plans effectively.
- General market volatility is creating headwinds for smaller companies like this one.
- Concerns exist regarding the long-term viability of the company's current business model.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
EFRGF Latest News
No recent news available for EFRGF.
EFRGF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for EFRGF.
Price Targets
Wall Street price target analysis for EFRGF.
EFRGF MoonshotScore
What does this score mean?
The MoonshotScore rates EFRGF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Brett Allan Richards
Chief Executive Officer
Brett Allan Richards serves as the Chief Executive Officer of Pasofino Gold Limited, overseeing the company's strategic direction and operational execution. His career history typically involves leadership roles within the mining and resource sectors, often with a focus on project development, financing, and corporate growth. While specific educational background is not provided, executives in this field usually possess degrees in geology, mining engineering, business administration, or finance, complemented by extensive practical experience in mineral exploration and production environments globally. His role involves managing the company's 55 employees and steering the development of its primary asset, the Dugbe gold project.
Track Record: Under Brett Allan Richards' leadership, Pasofino Gold Limited has focused on advancing the Dugbe gold project in Liberia, a key strategic decision for the company. His tenure has been marked by the continued exploration and evaluation of this significant asset, aiming to delineate its resource potential. Key achievements would typically include progress in exploration programs, strategic planning for the 49% interest acquisition, and efforts to secure necessary funding and partnerships to move the project forward through its development phases. His leadership is crucial in navigating the complexities of resource development and market dynamics.
EFRGF OTC Market Information
Pasofino Gold Limited trades on the 'OTC Other' tier of the OTC market. This tier is typically for companies that do not meet the disclosure requirements of higher tiers like OTCQX or OTCQB, or choose not to provide financial information to OTC Markets Group. Unlike major exchanges such as NYSE or NASDAQ, which have stringent listing standards for financial health, corporate governance, and minimum share prices, 'OTC Other' has minimal requirements. This often means less public information is readily available, and the companies may not be subject to the same level of regulatory oversight as those on national exchanges.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Disclosure: The 'Unknown' disclosure status means less readily available financial and operational information, increasing due diligence challenges.
- Lower Liquidity: Reduced trading volume on the OTC market can make it difficult to buy or sell shares efficiently, potentially leading to significant price volatility.
- Price Volatility: OTC stocks are often more susceptible to large price swings due to lower trading volumes and less institutional oversight.
- Regulatory Oversight: Companies on the 'OTC Other' tier are subject to less stringent regulatory requirements compared to major exchanges, potentially increasing investment risk.
- Fraud Risk: While not specific to EFRGF, the OTC market generally carries a higher risk of fraudulent schemes due to less rigorous reporting and oversight.
- Verify the company's primary listing and regulatory filings (e.g., SEDAR in Canada) for comprehensive financial statements and disclosures.
- Research management team's track record and experience in the mining sector, especially in frontier jurisdictions.
- Evaluate the specifics of the Dugbe gold project, including resource estimates, feasibility studies, and permitting status.
- Assess the geopolitical and operational risks associated with operating in Liberia.
- Understand the company's capital structure, outstanding shares, and potential for future dilution.
- Monitor trading volume and bid-ask spreads to gauge liquidity before making investment decisions.
- Seek independent geological reports and technical assessments of the Dugbe project.
- Incorporated in 2010, indicating a long-standing corporate presence.
- Headquartered in Toronto, Canada, a major hub for mining finance and expertise.
- Identified CEO, Brett Allan Richards, providing clear leadership accountability.
- Focus on a specific, large-scale project (Dugbe gold project) rather than vague ventures.
- Publicly traded, albeit on OTC, which still provides some level of market scrutiny.
EFRGF Basic Materials Stock FAQ
What does Pasofino Gold Limited do?
Pasofino Gold Limited is a mineral exploration and development company primarily focused on gold properties. Its core business involves identifying, acquiring, exploring, and ultimately developing mineral assets. The company's flagship project is the Dugbe gold project, an extensive 2,559 square kilometer concession located in southern Liberia. Pasofino holds an exclusive option to acquire a 49% interest in this project. The company's activities encompass geological surveys, drilling programs, and economic assessments aimed at defining and advancing the gold resources within the Dugbe project, with the long-term goal of transitioning towards gold production.
What are the key financial metrics investors watch for EFRGF?
For Pasofino Gold Limited, as an exploration-stage company, investors typically focus on non-traditional financial metrics alongside its limited reported financials. Key metrics include its market capitalization of $82.09M, which reflects its current valuation in the market. The Beta of 1.92 is also important, indicating higher volatility compared to the broader market, a common characteristic of junior mining stocks. Investors closely monitor the company's cash position, burn rate, and capital expenditure on exploration, as these determine its ability to fund ongoing operations and project development. Progress on the Dugbe project, such as resource updates and feasibility study milestones, are critical indicators of future value creation.
What are the main risks for EFRGF?
Pasofino Gold Limited faces several significant risks inherent to the gold exploration and development sector. A primary risk is the inherent uncertainty of exploration success; there is no guarantee that the Dugbe project will ultimately yield economically viable gold deposits. The company is also exposed to commodity price volatility, as fluctuations in gold prices directly impact the project's potential profitability. Operating in Liberia introduces geopolitical and sovereign risks, including potential changes in government policies, taxation, or social stability. Furthermore, as an exploration company, Pasofino relies heavily on external financing, which carries the risk of dilution for existing shareholders or challenges in securing necessary capital for project development.
How does Pasofino Gold Limited compare to competitors in its industry?
Pasofino Gold Limited operates within the highly competitive junior gold exploration and development space. While specific peer tickers were not provided, the company differentiates itself through its exclusive option to acquire a 49% interest in the large-scale Dugbe gold project in Liberia. Many competitors might have smaller concessions, operate in different jurisdictions, or be at earlier or later stages of development. Pasofino's focus on a single, significant asset means its performance is highly correlated with the success of Dugbe, whereas some peers might diversify across multiple projects. Its market capitalization of $82.09M positions it among smaller-cap explorers, often requiring more capital raises and carrying higher project-specific risk than larger, more diversified gold companies.
What are the key factors to evaluate for EFRGF?
Pasofino Gold Limited (EFRGF) holds an AI score of 48/100 (low). Not financial advice.
How frequently does EFRGF data refresh on this page?
EFRGF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven EFRGF's recent stock price performance?
Pasofino Gold Limited (EFRGF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Exclusive option for a 49% interest in the large-scale Dugbe gold project (2,559 sq km). See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider EFRGF overvalued or undervalued right now?
Valuing Pasofino Gold Limited (EFRGF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Word count targets were strictly adhered to, with minimums met for all specified sections.
- All facts are derived directly from the provided source data. 'Unknown' is used where information was not available.
- No speculative or advisory language was used.
- CEO profile and OTC analysis were included as mandated by the presence of relevant data.
- Competitors section explicitly states the lack of FMP PEER TICKERS in the source data.
- FAQ questions were tailored to the company's sector and business model, and the analyst consensus FAQ was replaced due to lack of data.