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BGL · NASDAQ · Gold

Blue Gold (BGL)

Combines Ghana gold mining with gold-trading and tokenized-coin infrastructure.

$0.2000
Pre-market+0.01 (+3.79%)
At close$0.1927(+2.50%)
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Blue Gold LimitedBGLMaterials

It combines a Mining Division built around Ghana’s Bogoso Prestea asset with a Digital Division for gold trading, the gold-backed Standard Gold Coin, and related transaction tools. The stated model links physical gold assets with digital uses, while mine restart depends on a Ghana lease dispute.

Mining operations center on the Bogoso Prestea asset in Ghana, while the Mining Division is intended to acquire, develop and operate long-life gold assets. The company has also formed entities for gold trading and digital products in the UAE, Ireland and Wyoming.

The Digital Division covers gold trading, the gold-backed Standard Gold Coin and tools intended to let holders use the coin. Together, these businesses form the stated mine-to-wallet model.

Execution of the mine-restart plan depends on the outcome of the dispute with Ghana’s government over the Bogoso and Prestea leases.

Company facts

CEOAndrew Cavaghan
ListedJun 26, 2025
ExchangeNASDAQ
HeadquartersGrand Cayman, Cayman Islands
CountryCayman Islands
Employees10
CIK0002019435
ISINKYG1331C1042

Market cap$8.5M
EPS (ttm)−$1.56
P/E (ttm)−0.1255
ROE232.7%
P/B−0.1364
P/S0.00
Dividend yieldDiv yield
Beta2.28vs XLB 0.15

No analyst consensus on record.

EPSReportedEstimate

FY24FY25
Reported−$0.02Pending
Estimate−$0.29
Surprise

RevenueReportedEstimate

FY24FY25
Reported$0Pending
Estimate$58.1M
Surprise
Estimate−$0.29
ReportedFY ends Dec 2025
Estimate$58.1M
ReportedFY ends Dec 2025
View details

Current ratio19.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24
Revenue$0$0$0$0$0$0
Net income$2.7M−$1.6M−$571.0K−$2.6M$662.5K$237.7K
Net margin

GrowthOperating income

Q3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24
Operating income−$222.6K−$512.3K−$571.0K−$2.0M−$497.1K−$557.8K
YoY growth

Balance sheet, Dec 31, 2025Cash & short-term investments $679.4K · Total debt $3.5M · Total assets $38.0M · Shareholders' equity −$20.2M

Revenue
$0
Operating income
−$557.8K
Net income
$237.7K
View details

No dividends on record.

Institutions16 holders · as of Mar 31, 20260.82%353.9K shares
Insiders6 holders · as of Apr 6, 202624.88%10.77M shares
Otherremainder74.30%32.18M shares

43.30M company shares as of Aug 24, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Andrew Cavaghan1Insiderdirector, officer: CEO and Director
21.30%6.43M · 2.79M13Dfiled Apr 6, 2026
David EdwardInsiderdirector
1.93%837,818Form 4filed Mar 18, 2026
Tao TanInsiderdirector
1.00%434,689Form 4filed Mar 18, 2026
Candice S. BeaumontInsiderdirector
0.37%160,000Form 4filed Mar 18, 2026
Daniel OwireduInsiderdirector
0.26%113,109Form 4filed Mar 18, 2026
See all 23
  1. Andrew Cavaghan's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.43M) is used instead.

13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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