Fury Gold Mines Ltd Dossier
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SectorMaterials IndustryGold Beta (adjusted)1.38 Intrinsic Value $0.51median of 3 methodsbased on filings through 31 Dec 2025 Market Price $0.52Price as of 1 Oct 2026 Near fair valueIntrinsic value is 1% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $99.8M Enterprise Value $96.5M Shares Outstanding 167.7M diluted Next Earnings Date12 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Fury Gold Mines Ltd is a highly liquid, Canadian-focused gold exploration and development company. The company is uniquely positioned in premier mining jurisdictions, specifically the James Bay region of Quebec and the Kitikmeot region of Nunavut. Unlike many junior explorers, Fury possesses a robust balance sheet with over C$70 million in working capital, heavily bolstered by its strategic equity stake in Contango Silver & Gold (following the Dolly Varden Silver merger). With its flagship Eau Claire project demonstrating exceptional economics (after-tax NPV5% of C$554M and 41% IRR at $2,400/oz gold) and a clear path toward a Pre-Feasibility Study, Fury offers investors significant exploration upside backed by substantial hard-asset backing and strategic alignment with major producers like Agnico Eagle. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$1.95 Mean target$1.95 High · most bullish analyst$1.95 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario The bear case involves a prolonged downturn in gold prices below $4,000/oz, operational delays in permitting or environmental baseline studies at Eau Claire, or a sharp decline in the equity value of its Contango holdings, forcing the company to seek dilutive financing in the future. Base CaseCentral scenario The base case assumes successful execution of the 2026 drilling campaigns at Eau Claire and Sakami, leading to resource expansion and a robust Pre-Feasibility Study (PFS) by late 2026 or early 2027. Project economics remain highly attractive under current gold prices, and the company leverages its strong cash position to avoid near-term equity dilution. Bull CaseUpside scenario Fury Gold Mines represents a compelling takeover target in Quebec's consolidating James Bay region, supported by its flagship Eau Claire project which demonstrated strong standalone development potential in its September 2025 Preliminary Economic Assessment (PEA) showing an after-tax NPV of C$554 million and a 41% IRR at US$2,400/oz gold. The company is backed by strategic investments from Agnico Eagle and holds a valuable 5.8% equity stake in Contango ORE. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |