Mitre Mining Corporation Limited (AU:ASL)
ASX:ASL
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Mitre Mining Corporation Limited
(Sydney:ASL)
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Rating:45Neutral
Price Target:
AU$2.00
▲(1.52% Upside)
Action:Reiterated
Date:02/26/26
The score is held back primarily by weak profitability and negative operating/free cash flow, despite strong revenue growth and low leverage. Technicals are mixed-to-moderate, while valuation remains unattractive/unclear due to losses and the absence of a dividend yield.
Positive Factors
Strong revenue growth
A 42.75% top-line increase indicates the company is expanding its project pipeline or commercial engagement, improving its ability to fund exploration and attract partners. Durable revenue growth can strengthen project valuation and bargaining power in farm-outs or asset sales.
Negative Factors
Negative profitability and weak margins
Sustained negative margins and net losses erode retained capital and limit reinvestment into exploration or development. Persistent unprofitability reduces ability to self-fund project advancement and weakens negotiating leverage in JV or divestment discussions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
A 42.75% top-line increase indicates the company is expanding its project pipeline or commercial engagement, improving its ability to fund exploration and attract partners. Durable revenue growth can strengthen project valuation and bargaining power in farm-outs or asset sales.
Read all positive factors
Mitre Mining Corporation Limited (ASL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$404.07M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)3.49
Revenue GrowthN/A
EPS Growth-11.42%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.11
Shares Outstanding212,667,070
10 Day Avg. Volume1,725,578
30 Day Avg. Volume1,609,897
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)5.34
Price to Sales (P/S)106.51
P/FCF Ratio-6.71
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)-0.05
Revenue Forecast (FY)N/A
Mitre Mining Corporation Limited Business Overview & Revenue Model
Company Description
Andean Silver Limited develops and explores for mineral properties in Australia. The company's flagship project is the Cerro Bayo Silver-Gold project, which comprises approximately 70 contiguous exploration concessions that covers an area of 285 s...
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
30
Negative
Balance Sheet
45
Neutral
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 675.67K | 1.41M | 305.29K | 10.26K | 0.00 | 0.00 |
| Gross Profit | -259.74K | 370.28K | -12.43K | -17.52K | -17.53K | -2.31K |
| EBITDA | -16.67M | -11.09M | -7.43M | -1.63M | -626.29K | -30.84K |
| Net Income | -19.64M | -17.46M | -10.13M | -1.66M | -646.28K | -98.53K |
Balance Sheet | ||||||
| Total Assets | 103.75M | 52.73M | 37.44M | 4.41M | 4.35M | 272.11K |
| Cash, Cash Equivalents and Short-Term Investments | 56.09M | 12.24M | 9.92M | 2.68M | 3.37M | 264.32K |
| Total Debt | 268.08K | 373.91K | 112.63K | 31.21K | 40.50K | 70.00 |
| Total Liabilities | 26.26M | 24.64M | 20.78M | 202.56K | 114.96K | 18.57K |
| Stockholders Equity | 77.49M | 28.09M | 16.66M | 4.21M | 4.24M | 253.53K |
Cash Flow | ||||||
| Free Cash Flow | -10.50M | -22.35M | -10.25M | -1.78M | -1.50M | -97.82K |
| Operating Cash Flow | -2.47M | -9.08M | -3.90M | -1.11M | -622.43K | -95.50K |
| Investing Cash Flow | -2.97M | -13.22M | -6.35M | -669.89K | -881.46K | -2.31K |
| Financing Cash Flow | 33.25M | 24.62M | 17.49M | 1.09M | 4.62M | 352.14K |
Mitre Mining Corporation Limited Technical Analysis
Negative
1.97
Price Trends
2.04
Negative
2.15
Negative
1.96
Negative
Market Momentum
<0.01
Positive
42.12
Neutral
15.67
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 2.11, below the 50-day MA of 2.04, and above the 200-day MA of 1.96, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.12 is Neutral, neither overbought nor oversold. The STOCH value of 15.67 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$260.09M | -58.52 | -4.01% | ― | ― | 77.84% | |
54 Neutral | AU$170.56M | 12.36 | 4.79% | 1.46% | 45.40% | 431.87% | |
48 Neutral | AU$257.81M | -3.06 | -72.82% | ― | ― | 48.94% | |
45 Neutral | AU$404.07M | -12.61 | -37.20% | ― | ― | -11.42% | |
43 Neutral | AU$81.36M | -10.68 | -9.37% | ― | ― | -119.82% |
* Basic Materials Sector Average
AU:ASL
Mitre Mining Corporation Limited
1.90
0.97
105.41%
DE:TJ30
Ora Gold
0.03
0.02
190.00%
AU:PRG
CI Resources Limited
1.54
0.28
22.42%
AU:GG8
Labyrinth Resources Limited
0.36
-0.16
-31.07%
AU:WTM
Battery Minerals Ltd.
0.67
0.32
92.75%
AU:PTN
Kin Mining NL
0.06
>-0.01
-8.33%
Mitre Mining Corporation Limited Corporate Events
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...
Andean Silver’s High-Grade Cerro Bayo Drilling to Drive Resource Upgrade and Restart Studies
Mar 30, 2026
Andean Silver has reported strong new drilling results from the Cerro Bayo Silver-Gold Project in Chile, with high-grade silver-equivalent intercepts across the Appaloosa Breccia, Temer Vein and Coyita North vein systems. The results demonstrate b...
Mitre Mining Issues Comprehensive 2025 Transitional Year Report
Mar 24, 2026
Mitre Mining Corporation Limited has released a comprehensive annual reporting package that includes a chairman’s letter, review of operations, mineral resource statement, directors’ report and audited financial statements for a transi...
Andean Silver Outlines Board Charter and Governance Framework
Mar 24, 2026
Andean Silver Limited has detailed its corporate governance framework, confirming broad alignment with the ASX Corporate Governance Council’s fourth edition principles while acknowledging a small number of exceptions. The board has formally ...
Andean Silver Joins Global VanEck Junior Gold Miners ETF
Mar 19, 2026
Andean Silver Limited has been added to the VanEck Junior Gold Miners ETF, a globally recognised fund that tracks liquid small and mid-cap companies in the gold and silver mining sector. The inclusion, effective from 23 March 2026, follows progres...
Andean Silver Reaffirms Cerro Bayo Resource Basis and Reporting Standards
Mar 16, 2026
Andean Silver Ltd has outlined updated information on its Cerro Bayo Silver-Gold Project in Chile, confirming that its mineral resource estimates, previously increased to 111 million ounces silver equivalent, remain supported by existing data and ...
UBS Group AG Exits Substantial Holder Position in Andean Silver
Mar 13, 2026
UBS Group AG and its related bodies corporate have lodged a notice indicating they have ceased to be a substantial shareholder in Andean Silver Limited as of 11 March 2026. The change reflects a reduction in UBS’s relevant interest and votin...
UBS Group AG Exits Substantial Shareholding in Andean Silver Limited
Mar 9, 2026
UBS Group AG and its related bodies corporate have notified that they ceased to be a substantial shareholder in Andean Silver Limited as of 5 March 2026. The change, lodged via a statutory substantial holding notice and signed by authorised signat...
Andean Silver Issues 500,000 Unquoted Performance Rights Under Incentive Plan
Mar 6, 2026
Andean Silver Limited has notified the market of the issue of 500,000 unquoted performance rights under its employee incentive scheme, effective 6 March 2026. The new securities, which will not be quoted on the ASX, underscore the company’s ...
Andean Silver Reaffirms Cerro Bayo Resource Basis and Reporting Standards
Feb 23, 2026
Andean Silver has reiterated key technical and compliance details for its Cerro Bayo Silver-Gold Project in Chile, emphasizing that its mineral resource estimates are reported under the JORC Code and backed by historical metallurgical performance....
Andean Silver Reshapes Leadership to Drive Next Growth Phase at Cerro Bayo
Feb 22, 2026
Andean Silver Limited has overhauled its senior leadership to better align with the rapid growth and evolving needs of its Cerro Bayo silver-gold project in southern Chile. The company is positioning itself to advance from a pure exploration focus...
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.