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Mitre Mining Corporation Limited
(Sydney:ASL)
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Rating:47Neutral
Price Target:
AU$2.00
▲(1.52% Upside)
Action:Reiterated
Date:07/03/26
The score is held back primarily by persistent losses and ongoing cash burn, which elevate funding and execution risk despite low leverage. Technicals are broadly neutral with only mild bearish bias, offering limited support. Valuation is constrained by the negative P/E and lack of dividend yield data.
Positive Factors
Balance sheet strength
Extremely low reported debt versus a sizable equity base materially reduces near-term solvency risk for a non‑producing explorer. That balance sheet gives the company optionality to fund exploration, pursue JV/farm‑out deals, or withstand protracted project timelines without immediate debt pressure.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow increases reliance on external capital and raises dilution risk. Over a multi‑month horizon, ongoing cash burn can force equity raises or asset sales before projects reach value‑accretive milestones, constraining strategic options and execution timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Extremely low reported debt versus a sizable equity base materially reduces near-term solvency risk for a non‑producing explorer. That balance sheet gives the company optionality to fund exploration, pursue JV/farm‑out deals, or withstand protracted project timelines without immediate debt pressure.
Read all positive factors
Mitre Mining Corporation Limited (ASL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$413.70M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)3.42
Revenue GrowthN/A
EPS Growth-11.42%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.11
Shares Outstanding212,700,400
10 Day Avg. Volume1,725,578
30 Day Avg. Volume1,609,897
Financial Highlights & Ratios
PEG Ratio2.65
Price to Book (P/B)5.84
Price to Sales (P/S)0.00
P/FCF Ratio-73.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.09
Revenue Forecast (FY)N/A
Mitre Mining Corporation Limited Business Overview & Revenue Model
Company Description
Andean Silver Limited is primarily involved in the discovery and development of mineral assets, conducting its operations within Australia. The company's principal undertaking is the Cerro Bayo Silver-Gold project, situated in the Aysen region of ...
How the Company Makes Money
Mitre Mining’s potential sources of revenue are tied to the mining project lifecycle rather than ongoing operating sales. The company may make money by (1) developing and ultimately producing and selling iron ore (revenue from product sales), but ...
Mitre Mining Corporation Limited Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.41M | 305.29K | 10.26K | 0.00 |
| Gross Profit | -790.13K | 370.28K | -12.43K | -17.52K | -17.53K |
| EBITDA | -20.57M | -11.09M | -7.43M | -1.63M | -626.29K |
| Net Income | -20.05M | -17.46M | -10.13M | -1.66M | -646.28K |
Balance Sheet | |||||
| Total Assets | 103.75M | 52.73M | 37.44M | 4.41M | 4.35M |
| Cash, Cash Equivalents and Short-Term Investments | 56.09M | 12.24M | 9.92M | 2.68M | 3.37M |
| Total Debt | 268.08K | 373.91K | 112.63K | 31.21K | 40.50K |
| Total Liabilities | 26.26M | 24.64M | 20.78M | 202.56K | 114.96K |
| Stockholders Equity | 77.49M | 28.09M | 16.66M | 4.21M | 4.24M |
Cash Flow | |||||
| Free Cash Flow | -6.13M | -22.35M | -10.25M | -1.78M | -1.50M |
| Operating Cash Flow | -6.05M | -9.08M | -3.90M | -1.11M | -622.43K |
| Investing Cash Flow | -8.14M | -13.22M | -6.35M | -669.89K | -881.46K |
| Financing Cash Flow | 58.04M | 24.62M | 17.49M | 1.09M | 4.62M |
Mitre Mining Corporation Limited Technical Analysis
Negative
1.97
Price Trends
2.06
Negative
2.06
Negative
2.06
Negative
Market Momentum
-0.03
Positive
45.48
Neutral
17.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASL, the sentiment is Negative. The current price of 1.97 is below the 20-day moving average (MA) of 2.05, below the 50-day MA of 2.06, and below the 200-day MA of 2.06, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.48 is Neutral, neither overbought nor oversold. The STOCH value of 17.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ASL.
Mitre Mining Corporation Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$461.36M | 1.69 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$326.89M | 38.46 | 10.73% | ― | 78.18% | ― | |
49 Neutral | AU$243.24M | -109.18 | -16.25% | ― | ― | -44.12% | |
47 Neutral | AU$413.70M | -17.81 | -37.20% | ― | ― | -11.42% | |
46 Neutral | AU$465.68M | -28.03 | -8.63% | ― | ― | 29.23% | |
43 Neutral | AU$581.81M | -17.05 | -21.65% | ― | ― | -18.50% |
* Basic Materials Sector Average
AU:ASL
Mitre Mining Corporation Limited
1.94
0.55
40.07%
AU:BCN
Beacon Minerals
2.85
1.80
171.43%
AU:FML
Focus Minerals Ltd
1.62
1.23
310.13%
AU:NVA
Nova Minerals
0.54
0.28
105.77%
AU:TCG
Turaco Gold Ltd
0.53
0.07
14.13%
AU:AUC
Ausgold Limited
0.86
0.28
48.70%
Mitre Mining Corporation Limited Corporate Events
Andean Silver Lists Additional Ordinary Shares on ASX
Jul 2, 2026
Andean Silver Limited has lodged a new Appendix 2A application with the ASX for quotation of additional ordinary fully paid shares. The filing covers 33,334 ASL securities issued on July 2, 2026, expanding the volume of shares available for tradin...
Andean Silver appoints new director with performance-based equity package
Jul 1, 2026
Andean Silver Limited has appointed Matthew Allen as a director effective 1 July 2026, formalising his initial interests in a range of performance rights as required under ASX listing rules. The disclosure details multiple classes of performance r...
Andean Silver boosts Cerro Bayo resources and gears up for major drilling push
Jun 29, 2026
Andean Silver has significantly expanded the Mineral Resource Estimate at its Cerro Bayo silver-gold project in Chile, lifting total resources to 20Mt at 211g/t silver equivalent for 136Moz AgEq, including 92Moz AgEq in underground resources and 4...
UBS Group Ceases to Be Substantial Holder in Andean Silver
May 29, 2026
UBS Group AG and its related entities have lodged a notice stating they have ceased to be a substantial shareholder in Andean Silver Limited as of 27 May 2026. The change follows earlier substantial holding disclosures in May, indicating UBS has r...
Andean Silver Secures Strong Shareholder Backing at AGM
May 28, 2026
Andean Silver Ltd reported that all resolutions at its 28 May 2026 Annual General Meeting were passed by poll, including the adoption of the remuneration report and the re-election of directors David Southam and Carl Travaglini. Shareholders also ...
Andean Silver advances Cerro Bayo resource growth and restart studies
Apr 29, 2026
Andean Silver reported another strong quarter at its Cerro Bayo silver-gold project in southern Chile, where conversion and exploration drilling continued to intersect main mineralised zones and newly identified vein systems. With about 30,000 met...
Andean Silver Sets 2026 AGM to Review Accounts and Vote on Director
Apr 23, 2026
Andean Silver Limited has called its Annual General Meeting for 28 May 2026 at Quest Kings Park in West Perth, setting 26 May 2026 as the record date to determine shareholder voting eligibility. The meeting will review the company’s transiti...
Andean Silver cancels 330,000 lapsed performance rights
Apr 10, 2026
Andean Silver Limited has announced the cessation of 330,000 performance rights, which lapsed because the conditions attached to those rights were not met or could no longer be satisfied as of 7 April 2026. The lapse reduces the company’s po...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.