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BGL

Blue Gold Limited

BGL

Blue Gold Limited • NASDAQ
$3.68 ▲ 3.08% (+0.11)
Market Cap $114.54 M
52w High $166.50
52w Low $3.03
Dividend Yield 0%
P/E 0
Volume 121.98K
Outstanding Shares 31.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $0 $557.809K ▲ $237.748K ▼ 0% $0.025 ▼ $237.748K ▼
Q3-2024 $0 $497.133K ▼ $662.463K ▲ 0% $0.061 ▲ $678.895K ▲
Q2-2024 $0 $2.02M ▲ $-2.612M ▼ 0% $-0.086 ▼ $-2.481M ▼
Q1-2024 $0 $571.037K ▲ $-571.037K ▲ 0% $-0.019 ▲ $-571.037K ▲
Q4-2023 $0 $512.333K $-1.636M 0% $-0.16 $-1.619M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $43.499K ▼ $4.026M ▼ $2.696M ▼ $1.33M ▼
Q3-2024 $54.932K ▲ $55.517M ▼ $2.777M ▼ $52.74M ▲
Q2-2024 $714 ▼ $370.239M ▲ $373.757M ▲ $-3.517M ▼
Q1-2024 $44.202K ▼ $54.06M ▲ $10.884M ▲ $43.176M ▼
Q4-2023 $222.581K $53.608M $2.288M $51.319M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $237.748K ▼ $-204.533K ▲ $51.787M ▲ $-51.594M ▼ $-11.433K ▼ $-204.53K ▲
Q3-2024 $662.463K ▲ $-241.542K ▼ $-354.479K ▼ $625.739K ▲ $29.718K ▲ $-241.54K ▼
Q2-2024 $-104.269K ▼ $-118.988K ▲ $0 $100K ▲ $-18.988K ▲ $-118.99K ▲
Q1-2024 $-92.983K ▲ $-228.379K ▲ $0 ▼ $50K ▲ $-178.379K ▼ $-228.38K ▲
Q4-2023 $-1.636M $-1.192M $89.666M $-88.401M $73.013K $-1.192M

Five-Year Company Overview

Income Statement

Income Statement Blue Gold is essentially a pre‑revenue story at this point. Over the past few years it has not generated meaningful operating income from selling gold or related services. Reported earnings per share have bounced around, which likely reflects accounting items and one‑off effects rather than a stable, underlying business. In practical terms, the income statement does not yet show a functioning, cash‑generating mining or digital‑gold operation; the value case rests on future execution, not on current profitability trends.

Balance Sheet

Balance Sheet The balance sheet has been very small and has actually shrunk in recent years, with little in the way of reported assets or equity by the latest period and no debt on the books. That means the company is not burdened by loans, which reduces financial strain, but it also suggests a thin capital base and limited cushion to absorb setbacks. Overall, the balance sheet looks clean but fragile, and future growth will likely depend heavily on raising new capital or monetizing its projects rather than drawing on existing resources.

Cash Flow

Cash Flow Reported cash flows from operations, investment, and free cash flow have all effectively been zero in recent years. This reinforces the picture of a company still in build‑out mode rather than one funding itself from a running business. With no visible internal cash generation and no recorded investment outlays in the data provided, the key uncertainty is how and when significant spending on mines and technology will ramp up, and whether that can be matched by incoming funds from partners, token sales, or other financing.

Competitive Edge

Competitive Edge Blue Gold is trying to carve out a very unusual niche: directly linking its own gold mines to digital tokens, rather than relying on third‑party vaulted gold. This vertically integrated “mine‑to‑wallet” model differentiates it from established gold ETFs and conventional gold‑backed tokens, which are more like digital warehouse receipts. If it works, Blue Gold could compete on transparency, cost, and innovative financing for its mines. However, its moat is still mostly theoretical. Established gold products already enjoy deep liquidity and trust, and Blue Gold’s advantage will only become real if it successfully restarts and runs its mines, meets delivery promises, and navigates digital‑asset regulation without missteps.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Blue Gold’s strategy. The company is not just another miner; it is trying to blend traditional gold production with blockchain infrastructure, forward‑contract tokens, and a digital wallet that may allow people to spend tokenized gold in everyday life. Partnerships with specialized blockchain firms and payments veterans suggest a serious push to build credible technology, automate compliance, and offer real‑time transparency on reserves. The flip side is that this is unproven territory: combining mining, digital assets, and payments creates execution risk, regulatory risk, and user‑adoption risk all at once. The innovation story is ambitious and compelling on paper, but still needs to be demonstrated in practice.

Summary

Blue Gold today is more of a concept‑driven, early‑stage platform than a conventional gold producer. Its financial statements show almost no current operating activity, a very light balance sheet, and no visible cash flow, which means there is little hard financial evidence yet to judge the business on traditional metrics. The interest lies in its plan to connect mine output directly to blockchain‑based tokens and a payment ecosystem, potentially changing how investors and users access gold. Success depends on several big “ifs”: restarting and running its mines reliably, securing regulatory approvals, launching and scaling its wallet and tokens, and building trust against well‑entrenched competitors in both gold and crypto. Overall, this is a high‑uncertainty, high‑execution‑risk story where the numbers have not yet caught up with the vision, so attention naturally shifts to project milestones, partnerships, and regulatory progress as the key things to watch.

NEWS

November 21, 2025 · 3:40 PM UTC

Blue Gold Clarifies Position of Ghana Supreme Court Ruling

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November 12, 2025 · 10:47 AM UTC

Blue Gold Limited Appoints Market Leader Hype Partners to Support Launch of its Standard Gold Coin

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November 10, 2025 · 9:00 AM UTC

Blue Gold Limited Hits 1,000,000 (One Million) pre-Registration Standard Gold Coin in Five Days since Launching

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November 6, 2025 · 7:00 AM UTC

Blue Gold Limited Opens Registration for Standard Gold Coin (SGC), Digital Token Backed by Physical Gold

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November 5, 2025 · 8:55 AM UTC

Correction: Blue Gold Limited Secures $140m1 to Restart the 5.1m oz Bogoso & Prestea Gold mine, with new institutional investor committing $65m

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