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
Revenue Growth
Consistent 42.75% top-line growth signals expanding commercial activity and progress across projects. Sustained revenue expansion improves the company’s ability to define resources, attract joint‑venture partners or farm‑outs, and strengthens long‑term project economics and funding optionality.
Negative Factors
Weak Profitability
Persistently negative EBIT/EBITDA margins and a net loss indicate the company is not generating profits from its operations. Ongoing unprofitability erodes returns, limits internally generated funding for project advancement, and can deter potential JV partners or buyers absent clear resource milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent 42.75% top-line growth signals expanding commercial activity and progress across projects. Sustained revenue expansion improves the company’s ability to define resources, attract joint‑venture partners or farm‑outs, and strengthens long‑term project economics and funding optionality.
Read all positive factors
Mitre Mining Corporation Limited (ASL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$512.53M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)3.46
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 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
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
Positive
1.97
Price Trends
2.09
Positive
2.06
Positive
2.03
Positive
Market Momentum
0.05
Negative
60.38
Neutral
96.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASL, the sentiment is Positive. The current price of 1.97 is below the 20-day moving average (MA) of 2.06, below the 50-day MA of 2.09, and below the 200-day MA of 2.03, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 60.38 is Neutral, neither overbought nor oversold. The STOCH value of 96.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | -55.91 | -4.01% | ― | ― | 77.84% | |
48 Neutral | AU$124.04M | 11.58 | 4.79% | 1.46% | 45.40% | 431.87% | |
48 Neutral | AU$232.65M | -9.06 | -72.82% | ― | ― | 48.94% | |
45 Neutral | AU$512.53M | -22.25 | -37.20% | ― | ― | -11.42% | |
43 Neutral | AU$69.53M | -9.84 | -9.37% | ― | ― | -119.82% |
* Basic Materials Sector Average
AU:ASL
Mitre Mining Corporation Limited
2.35
1.28
119.63%
DE:TJ30
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0.02
<0.01
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1.12
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-23.44%
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0.33
-0.09
-22.35%
AU:WTM
Battery Minerals Ltd.
0.56
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AU:PTN
Kin Mining NL
0.05
-0.02
-34.29%
Mitre Mining Corporation Limited Corporate Events
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...
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 ...
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.