BGLWW
BGLWW
Blue Gold LimitedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $0 | $557.81K ▲ | $237.75K ▼ | 0% | $0.02 ▼ | $237.75K ▼ |
| Q3-2024 | $0 | $497.13K ▼ | $662.46K ▲ | 0% | $0.06 ▲ | $678.89K ▲ |
| Q2-2024 | $0 | $2.02M ▲ | $-2.61M ▼ | 0% | $-0.09 ▼ | $-2.48M ▼ |
| Q1-2024 | $0 | $571.04K ▲ | $-571.04K ▲ | 0% | $-0.02 ▲ | $-571.04K ▲ |
| Q4-2023 | $0 | $512.33K | $-1.64M | 0% | $-0.16 | $-1.62M |
What's going well?
Interest income is still positive, helping the company stay above water. No debt costs this quarter, so financing is not a concern right now.
What's concerning?
The company has no revenue, rising operating expenses, and only makes money from investments, not its main business. Profits and earnings per share are falling fast.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $679.44K ▲ | $37.96M ▲ | $58.12M ▲ | $-20.16M ▼ |
| Q4-2024 | $43.5K ▼ | $4.03M ▼ | $2.7M ▼ | $1.33M ▼ |
| Q3-2024 | $54.93K ▲ | $55.52M ▼ | $2.78M ▼ | $52.74M ▲ |
| Q2-2024 | $714 ▼ | $370.24M ▲ | $373.76M ▲ | $-3.52M ▼ |
| Q1-2024 | $44.2K | $54.06M | $10.88M | $43.18M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2024 | $237.75K ▼ | $-204.53K ▲ | $51.79M ▲ | $-51.59M ▼ | $-11.43K ▼ | $-204.53K ▲ |
| Q3-2024 | $662.46K ▲ | $-241.54K ▼ | $-354.48K ▼ | $625.74K ▲ | $29.72K ▲ | $-241.54K ▼ |
| Q2-2024 | $-104.27K ▼ | $-118.99K ▲ | $0 | $100K ▲ | $-18.99K ▲ | $-118.99K ▲ |
| Q1-2024 | $-92.98K ▲ | $-228.38K ▲ | $0 ▼ | $50K ▲ | $-178.38K ▼ | $-228.38K ▲ |
| Q4-2023 | $-1.64M | $-1.19M | $89.67M | $-88.4M | $73.01K | $-1.19M |
What's strong about this company's cash flow?
Operating cash burn is shrinking, and the company is aggressively buying back shares, reducing dilution for remaining shareholders.
What are the cash flow concerns?
The business is still burning a lot of cash, and the big buyback has drained the cash balance. Without a turnaround, more funding will be needed soon.
5-Year Trend Analysis
A comprehensive look at Blue Gold Limited's financial evolution and strategic trajectory over the past five years.
Blue Gold offers a distinctive strategic vision that blends gold mining with digital finance, anchored by a vertically integrated model, a specialized gold-processing facility, and a planned gold-backed digital token and wallet. Management appears focused on innovation, has secured access to external financing so far, and has avoided balance-sheet risks like goodwill-heavy acquisitions or cash-draining dividends at this early stage.
Financially, the company is in a fragile position: it has no revenue, large operating and net losses, negative equity, and thin liquidity, all of which create dependence on fresh capital. Strategically, it faces execution, regulatory, technological, and commodity risks, as well as stiff competition from established gold and digital-asset players, any of which could delay or derail its plans.
The outlook hinges on whether Blue Gold can transition from concept to commercial reality by bringing mines into productive operation and achieving real-world adoption of its digital gold platform before financial pressures become overwhelming. The potential upside in the business model is balanced by substantial uncertainty and a need for clear evidence of operational progress and revenue generation in future periods.
About Blue Gold Limited
https://bluegoldmine.comBlue Gold Limited acquires, develops, finances, licenses, and operates gold mines in the Ashanti region of Ghana. The company focused on the Ashanti Gold Belt located in Ghana. Blue Gold Limited was founded in 2023 and is headquartered in Grand Cayman, the Cayman Islands.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $0 | $557.81K ▲ | $237.75K ▼ | 0% | $0.02 ▼ | $237.75K ▼ |
| Q3-2024 | $0 | $497.13K ▼ | $662.46K ▲ | 0% | $0.06 ▲ | $678.89K ▲ |
| Q2-2024 | $0 | $2.02M ▲ | $-2.61M ▼ | 0% | $-0.09 ▼ | $-2.48M ▼ |
| Q1-2024 | $0 | $571.04K ▲ | $-571.04K ▲ | 0% | $-0.02 ▲ | $-571.04K ▲ |
| Q4-2023 | $0 | $512.33K | $-1.64M | 0% | $-0.16 | $-1.62M |
What's going well?
Interest income is still positive, helping the company stay above water. No debt costs this quarter, so financing is not a concern right now.
What's concerning?
The company has no revenue, rising operating expenses, and only makes money from investments, not its main business. Profits and earnings per share are falling fast.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $679.44K ▲ | $37.96M ▲ | $58.12M ▲ | $-20.16M ▼ |
| Q4-2024 | $43.5K ▼ | $4.03M ▼ | $2.7M ▼ | $1.33M ▼ |
| Q3-2024 | $54.93K ▲ | $55.52M ▼ | $2.78M ▼ | $52.74M ▲ |
| Q2-2024 | $714 ▼ | $370.24M ▲ | $373.76M ▲ | $-3.52M ▼ |
| Q1-2024 | $44.2K | $54.06M | $10.88M | $43.18M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2024 | $237.75K ▼ | $-204.53K ▲ | $51.79M ▲ | $-51.59M ▼ | $-11.43K ▼ | $-204.53K ▲ |
| Q3-2024 | $662.46K ▲ | $-241.54K ▼ | $-354.48K ▼ | $625.74K ▲ | $29.72K ▲ | $-241.54K ▼ |
| Q2-2024 | $-104.27K ▼ | $-118.99K ▲ | $0 | $100K ▲ | $-18.99K ▲ | $-118.99K ▲ |
| Q1-2024 | $-92.98K ▲ | $-228.38K ▲ | $0 ▼ | $50K ▲ | $-178.38K ▼ | $-228.38K ▲ |
| Q4-2023 | $-1.64M | $-1.19M | $89.67M | $-88.4M | $73.01K | $-1.19M |
What's strong about this company's cash flow?
Operating cash burn is shrinking, and the company is aggressively buying back shares, reducing dilution for remaining shareholders.
What are the cash flow concerns?
The business is still burning a lot of cash, and the big buyback has drained the cash balance. Without a turnaround, more funding will be needed soon.
5-Year Trend Analysis
A comprehensive look at Blue Gold Limited's financial evolution and strategic trajectory over the past five years.
Blue Gold offers a distinctive strategic vision that blends gold mining with digital finance, anchored by a vertically integrated model, a specialized gold-processing facility, and a planned gold-backed digital token and wallet. Management appears focused on innovation, has secured access to external financing so far, and has avoided balance-sheet risks like goodwill-heavy acquisitions or cash-draining dividends at this early stage.
Financially, the company is in a fragile position: it has no revenue, large operating and net losses, negative equity, and thin liquidity, all of which create dependence on fresh capital. Strategically, it faces execution, regulatory, technological, and commodity risks, as well as stiff competition from established gold and digital-asset players, any of which could delay or derail its plans.
The outlook hinges on whether Blue Gold can transition from concept to commercial reality by bringing mines into productive operation and achieving real-world adoption of its digital gold platform before financial pressures become overwhelming. The potential upside in the business model is balanced by substantial uncertainty and a need for clear evidence of operational progress and revenue generation in future periods.

CEO
Andrew Cavaghan
Compensation Summary
(Year )
Ratings Snapshot
Rating : D+

