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African Gold Ltd.
(Sydney:A1G)
African Gold Ltd. (A1G) vs. iShares MSCI Australia ETF (EWA)
African Gold Ltd. Business Overview & Revenue Model
African Gold Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -14.99K | -14.66K | -11.78K | 0.00 | -385.00 | -1.85K |
| EBITDA | -2.87M | -7.28M | -1.80M | -2.00M | -2.53M | -758.46K |
| Net Income | -2.89M | -7.30M | -1.81M | -2.01M | -2.53M | -715.14K |
Balance Sheet | ||||||
| Total Assets | 18.39M | 9.15M | 11.27M | 11.66M | 11.93M | 6.50M |
| Cash, Cash Equivalents and Short-Term Investments | 11.89M | 1.11M | 85.16K | 1.44M | 3.47M | 1.47M |
| Total Debt | 0.00 | 0.00 | 150.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.30M | 624.08K | 963.08K | 577.69K | 804.51K | 80.79K |
| Stockholders Equity | 17.09M | 8.52M | 10.30M | 11.08M | 11.13M | 6.42M |
Cash Flow | ||||||
| Free Cash Flow | -2.24M | -2.24M | -2.17M | -3.80M | -3.23M | -1.81M |
| Operating Cash Flow | -877.62K | -877.37K | -501.40K | -765.70K | -911.51K | -618.82K |
| Investing Cash Flow | -2.65M | -1.36M | -1.67M | -3.04M | -2.32M | -1.19M |
| Financing Cash Flow | 4.56M | 3.27M | 806.46K | 1.78M | 5.23M | 1.65M |
African Gold Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$153.55M | 11.43 | 22.56% | ― | 64.66% | ― | |
51 Neutral | AU$356.34M | -16.37 | -140.97% | ― | ― | ― | |
45 Neutral | ― | -9.58 | -6.26% | ― | ― | 86.93% | |
44 Neutral | AU$435.04M | -5.70 | -84.61% | ― | 149.43% | 1.20% | |
44 Neutral | AU$131.18M | -7.02 | -21.39% | ― | ― | -280.00% |
African Gold Ltd. Corporate Events
African Gold Ltd has issued 9,250,000 new ordinary shares, as confirmed in a notice to the ASX, expanding its share capital base. The company stated that the shares were issued without a prospectus under the relevant Corporations Act provisions and affirmed its ongoing compliance with financial reporting and continuous disclosure obligations, while noting there is no excluded information that investors are unaware of, which may reassure stakeholders about transparency and regulatory adherence.
African Gold Ltd. has applied to the ASX for quotation of 9,250,000 additional ordinary fully paid shares under its A1G ticker, with the new securities issued on 31 December 2025. The enlarged quoted share base may modestly increase liquidity in the stock and reflects the conversion or exercise of existing instruments, signaling incremental capital formation that could support the company’s ongoing exploration and development activities.
African Gold Ltd has issued 18,688,164 new ordinary shares, as reflected in filings with the ASX, and has confirmed that these securities were issued without a prospectus under the relevant provisions of the Corporations Act. The company has certified that it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information, a step that facilitates secondary trading of the new shares and underscores its adherence to Australian corporate governance and disclosure standards.
African Gold Ltd., an ASX-listed gold exploration and development company, has arranged for the issue and quotation of new ordinary fully paid shares on the Australian Securities Exchange. The company will issue 3,104,004 ordinary shares on December 22, 2025, as payment in lieu of fees, a move that modestly increases its share capital while preserving cash resources, which may support ongoing operations and project development without immediate cash outlay to service providers or stakeholders.
African Gold Ltd. has applied to the Australian Securities Exchange for quotation of 15,584,160 new fully paid ordinary shares, to be issued and quoted on 22 December 2025 under its existing ticker A1G. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company’s listed share capital and may influence liquidity and ownership structure, though the announcement does not specify the associated capital raised or strategic use of funds.
African Gold Limited has secured a waiver from ASX Listing Rule 6.23.2 that allows it to cancel certain existing options without seeking shareholder approval, as part of its proposed acquisition by Montage Gold Corp via schemes of arrangement. Under the waiver, unquoted Scheme Options in African Gold will be cancelled in exchange for new options in Montage on substantially similar terms, while remaining Non-Scheme Options with a $0.05 exercise price and 6 December 2026 expiry will be cancelled for cash, subject to the schemes becoming effective and option holders not exercising their rights before the record date, thereby facilitating compliance with the Scheme Implementation Deed and smoothing the transaction’s completion process for stakeholders.
African Gold Limited has entered into a Scheme Implementation Deed with Montage Gold Corp., under which Montage will acquire African Gold in an all-scrip transaction. This deal offers African Gold shareholders a significant premium on their shares and provides them with ownership in a larger, well-capitalized gold company focused on Côte d’Ivoire. The transaction is expected to enhance the development and production potential of the Didievi Gold Project, strengthening Montage’s portfolio and presence in the region.
African Gold Ltd, a company listed on the Australian Securities Exchange, has requested a trading halt on its securities pending an announcement related to a potential change of control transaction. The halt is expected to remain in place until the announcement is made or until normal trading resumes on December 2, 2025. This move indicates a significant development that could impact the company’s operations and market positioning, potentially affecting stakeholders and investors.
African Gold Ltd. has announced continued growth at its Blaffo Guetto site, with drilling results extending mineralization along strike and at depth, indicating a robust gold system. The company is fully funded with $15 million in cash to advance its Didievi project towards a potential high-grade open pit development, supported by positive metallurgical test results showing high recovery rates.
African Gold Ltd. has exercised its option to acquire an 80% interest in Kouroufaba Gold Limited, which holds key exploration permits in Côte d’Ivoire. This strategic move expands African Gold’s rights over 1,428 square kilometers of prospective land, positioning the company to advance its exploration and development projects, particularly at Didievi and Konahiri, with the aim of establishing a major gold project in the region.
African Gold Ltd. has reported significant progress in its exploration activities for the quarter ending September 2025, with promising results from its Blaffo Guetto project in Côte d’Ivoire. The company has confirmed consistent high-grade gold intercepts, which support the expansion of its resource base. Additionally, African Gold has completed a share sale, boosting its cash position to approximately A$16 million, which will be used to accelerate exploration activities. The company is set to commence a four-rig drilling program in November, aiming to enhance its district-scale growth strategy and establish the Didievi corridor as a major gold resource hub.
African Gold Limited has identified a significant gold anomaly at its Konahiri North Gold Project, confirming gold mineralization along a 5 km structural trend. The company has commenced a 3,000 m+ auger drilling program to test high-priority targets over an 18 km corridor, with a maiden 5,000 m+ diamond drill program set to begin in November 2025. This development could enhance African Gold’s operational capabilities and strengthen its position in the gold mining sector, potentially impacting stakeholders by increasing the project’s value and future prospects.
African Gold Limited has identified a significant gold anomaly over a 5 km structural trend within its Konahiri North Gold Project in Côte d’Ivoire. The company is conducting a 3,000 m+ auger drilling program to refine high-priority targets and plans to commence a 5,000 m+ diamond drill program in November 2025 to evaluate high-grade lode-style potential at depth. This development could enhance African Gold’s operational capabilities and strengthen its position in the gold mining industry, potentially offering new opportunities for stakeholders.
African Gold Ltd. has successfully sold its shares in Montage Gold, realizing a significant gain and boosting its cash reserves to approximately A$16 million. This financial strength supports the company’s aggressive exploration activities at the Didievi Gold Project, where ongoing drilling has shown promising results, indicating potential for resource expansion and new discoveries.
African Gold Ltd has announced the issuance of 1,850,000 ordinary shares, as per their recent filing with the ASX. This move, conducted without disclosure to investors under the Corporations Act, signifies the company’s compliance with relevant legal provisions and reflects its strategic efforts to enhance its capital structure, potentially impacting its market positioning and stakeholder interests.
African Gold Ltd. has announced the issuance of 1,850,000 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) under the code A1G. This move is part of the company’s strategic efforts to enhance its capital structure and support its ongoing exploration activities, potentially strengthening its market position and providing value to its stakeholders.
African Gold Ltd. has announced promising results from its ongoing drilling program at the Blaffo Guetto resource zone, revealing high-grade gold intercepts that bolster the project’s scale and potential for expansion. The company’s strategic efforts, supported by a robust funding position, aim to accelerate resource growth and advance additional discoveries, with significant backing from major shareholder Montage Gold.