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Aurum Resources Limited (AU:AUE)
:AUE
Australian Market

Aurum Resources Limited (AUE) AI Stock Analysis

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AU

Aurum Resources Limited

(Sydney:AUE)

Rating:40Underperform
Price Target:
Aurum Resources Limited is facing significant financial challenges with no revenue and consistent losses, impacting its profitability and cash flows. While the company maintains a strong balance sheet with no debt, the bearish technical indicators and negative valuation metrics further highlight the high risks associated with this stock. The lack of earnings call and corporate events data does not provide additional insights into potential future improvements.

Aurum Resources Limited (AUE) vs. iShares MSCI Australia ETF (EWA)

Aurum Resources Limited Business Overview & Revenue Model

Company DescriptionAurum Resources Limited engages in the exploration and development of mineral properties in Australia. Its flagship project is the Penny South project, prospective for gold mineralization and located adjacent to and on the same structure as Ramelius's Penny West & Penny North gold mine. The company's other project includes the Ryans Find, a prospective project adjacent to gold deposits. Aurum Resources Limited was incorporated in 2021 and is based in West Perth, Australia.
How the Company Makes MoneyAurum Resources Limited generates revenue through the extraction and sale of gold and other minerals. The company's primary revenue streams include the sale of mined gold to refiners and the sale of mineral exploration rights. Revenue is also influenced by the market price of gold and the company's operational efficiency in mining operations. Strategic partnerships with other mining companies and agreements with local governments also play a role in facilitating operations and ensuring compliance with regulatory standards, thereby contributing to the company's overall earnings.

Aurum Resources Limited Financial Statement Overview

Summary
Aurum Resources Limited faces financial challenges with no revenue generation and consistent losses, impacting profitability and cash flows. The strong balance sheet with no debt provides stability, but the lack of growth and profitability raises concerns about long-term viability.
Income Statement
5
Very Negative
Aurum Resources Limited shows no revenue generation across the years, leading to negative gross profit and net income. EBIT and EBITDA margins are also negative, indicating operational inefficiencies. The lack of revenue growth poses significant concerns.
Balance Sheet
65
Positive
The company maintains a strong cash position with no debt, resulting in a favorable debt-to-equity ratio. Equity substantially covers total assets, indicating low leverage and financial stability. However, consistent losses reduce returns on equity.
Cash Flow
40
Negative
Negative operating cash flow and free cash flow over the years suggest inefficient cash generation from operations. Despite an increase in financing cash flow in recent years, the free cash flow remains negative, indicating financial strain.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021
Income StatementTotal Revenue
233.91K0.000.000.000.00
Gross Profit
163.88K-35.46K-903.00-225.000.00
EBIT
-3.96M-2.04M-1.22M976.32K-5.50K
EBITDA
-3.75M-2.00M-1.21M-2.33M-5.50K
Net Income Common Stockholders
-4.21M-2.14M-1.21M-2.33M-5.50K
Balance SheetCash, Cash Equivalents and Short-Term Investments
23.87M10.82M2.19M3.18M0.00
Total Assets
62.21M22.08M2.22M3.45M0.00
Total Debt
124.87K0.000.000.000.00
Net Debt
-16.72M-10.82M-2.19M-3.18M0.00
Total Liabilities
6.39M855.56K60.76K81.50K5.50K
Stockholders Equity
51.85M21.23M2.16M3.37M-5.50K
Cash FlowFree Cash Flow
-12.57M-4.65M-995.26K-1.52M0.00
Operating Cash Flow
-3.47M-1.92M-731.41K-629.45K0.00
Investing Cash Flow
-16.03M-3.20M-263.85K-892.15K0.00
Financing Cash Flow
34.58M13.74M0.004.70M12.00

Aurum Resources Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.50
Price Trends
50DMA
0.43
Positive
100DMA
0.37
Positive
200DMA
0.39
Positive
Market Momentum
MACD
0.02
Positive
RSI
59.31
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AUE, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.43, and above the 200-day MA of 0.39, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 59.31 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AUE.

Aurum Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.03B-1.27-21.09%4.14%2.90%-30.49%
AUAUE
40
Underperform
AU$117.60M-13.94%38.19%
$19.15B26.8411.01%2.17%
$10.92B24.2916.97%1.58%
$2.05B9.4926.42%1.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AUE
Aurum Resources Limited
0.50
0.17
51.52%
NESRF
Northern Star Resources Ltd
14.34
5.79
67.72%
CAHPF
Evolution Mining Limited
5.50
3.17
136.05%
RMLRF
Ramelius Resources Limited
1.83
0.64
53.78%

Aurum Resources Limited Corporate Events

Aurum Resources Limited Initiates Trading Halt for Capital Raising
May 5, 2025

Aurum Resources Limited has requested a trading halt on its securities pending an announcement related to a capital raising initiative. This move is aimed at planning and executing the capital raising, and the trading halt is expected to last until the announcement is made, potentially impacting the company’s financial strategy and market positioning.

Aurum Resources Expands Gold Exploration Efforts in Côte d’Ivoire
Apr 29, 2025

Aurum Resources Limited has reported promising results from its exploration diamond drilling at the Boundiali and Napié gold projects in Côte d’Ivoire, revealing high-grade gold intercepts. The company is expanding its drilling operations with the acquisition of additional rigs and has commenced a 100,000-meter drilling program to enhance its resource estimates. The acquisition of the Boundiali South tenement and the completion of a Pre-Feasibility Study are expected to further bolster Aurum’s position in the gold mining sector. The recent acquisition of Mako Gold adds the Napié Gold Project to Aurum’s portfolio, increasing its total gold resources to 2.5 million ounces.

Aurum Resources Reports High-Grade Gold Intercepts at Boundiali Project
Apr 16, 2025

Aurum Resources Limited has announced significant high-grade gold intercepts from its Boundiali Gold Project in Côte d’Ivoire, highlighting the potential for resource growth. The company plans to complete 100,000 meters of diamond drilling in 2025, with two updates to the Mineral Resource Estimate expected within the year. These developments are part of Aurum’s broader strategy to enhance its resource base and support an open pit Pre-Feasibility Study by the end of 2025. With ongoing drilling and exploration efforts at both Boundiali and the newly acquired Napié project, Aurum is well-positioned for substantial resource growth and value creation.

Aurum Resources Issues Shares Post-Takeover with Cleansing Notice
Apr 11, 2025

Aurum Resources Limited has issued 4,984 fully paid ordinary shares following the conversion of MKG options as part of a takeover process. This issuance is accompanied by a cleansing notice under section 708A(5)(e) of the Corporations Act 2001, allowing for the secondary trading of these shares without disclosure, which could potentially enhance liquidity and investor engagement in the company’s securities.

Aurum Resources Limited Announces Quotation of New Securities
Apr 11, 2025

Aurum Resources Limited has announced the quotation of 4,984 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of previously disclosed transactions. This move is expected to enhance the company’s liquidity and provide additional capital for its ongoing exploration and development activities, potentially strengthening its position in the mining sector.

Aurum Resources Limited Announces Share Issuance and Compliance with Trading Regulations
Apr 11, 2025

Aurum Resources Limited has issued 561,930 fully paid ordinary shares following the conversion of MKG options, as outlined in their takeover documentation. This issuance allows for secondary trading under the exemption provided by section 708A(5) of the Corporations Act 2001, indicating compliance with relevant disclosure regulations and potentially impacting the company’s market operations and stakeholder interests.

Aurum Resources Limited Announces Quotation of New Securities on ASX
Apr 11, 2025

Aurum Resources Limited has announced the quotation of 561,930 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of April 11, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence, potentially impacting its operational capabilities and stakeholder interests positively.

Aurum Resources Acquires Boundiali South Tenement, Plans Drilling
Apr 8, 2025

Aurum Resources Limited has successfully acquired 100% of the Boundiali South Tenement from Turaco Gold Limited, following the approval of a protocol agreement by Côte d’Ivoire’s government. This acquisition allows Aurum to commence diamond drilling at the tenement, which hosts a significant gold resource, and positions the company to accelerate exploration and development activities, potentially leading to future open-pit mining operations.

Aurum Resources Expands with New Mining Tenement Acquisition
Apr 7, 2025

Aurum Resources Limited has issued 3,492,535 fully paid ordinary shares following the acquisition of the mining tenement PR-414 from Turaco Gold Limited. This issuance, conducted without disclosure under the Corporations Act 2001, allows for the secondary trading of these shares under specific exemptions, potentially impacting the company’s market activities and shareholder value.

Aurum Resources Limited Announces New Securities Quotation
Apr 7, 2025

Aurum Resources Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is set to quote 3,492,535 ordinary fully paid securities under the ASX issuer code AUE, with the issue date being April 7, 2025. This move could potentially enhance the company’s market presence and provide additional capital for its operations, impacting its stakeholders positively.

Aurum Resources Issues Cleansing Notice for Share Sale Compliance
Apr 2, 2025

Aurum Resources Limited has issued a cleansing notice under section 708A(5)(e) of the Corporations Act 2001, following the issuance of 1,559,464 fully paid ordinary shares. These shares were issued as a result of the conversion of MKG options deed agreements and services rendered. The notice allows the shares to be sold under the exemption provided by the Act, ensuring compliance with regulatory requirements. This move is part of the company’s strategic efforts to manage its securities and maintain transparency with stakeholders.

Aurum Resources Limited Announces Quotation of New Securities
Apr 2, 2025

Aurum Resources Limited has announced the application for the quotation of 1,559,464 ordinary fully paid securities on the Australian Securities Exchange (ASX), with an issue date of April 1, 2025. This move is part of previously announced transactions and reflects the company’s efforts to enhance its market presence and liquidity, potentially impacting its operational capacity and stakeholder interests positively.

Aurum Resources Limited Issues Unquoted Equity Securities
Apr 2, 2025

Aurum Resources Limited has announced the issuance of unquoted equity securities under an employee incentive scheme. This includes 450,000 performance rights and 250,000 performance options, which are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted. This move is likely aimed at aligning employee interests with company performance, potentially impacting the company’s operational dynamics and stakeholder engagement.

Aurum Resources Engages Envitech for Boundiali Project Assessment
Mar 31, 2025

Aurum Resources Limited has appointed Envitech CI Sarl to conduct an Environmental and Social Impact Assessment for its Boundiali Gold Project in Côte d’Ivoire, aiming to facilitate potential open pit gold mining and processing. This collaboration, leveraging Envitech’s expertise, is expected to bolster Aurum’s pre-feasibility study efforts and support the company’s strategy to grow its gold resources and secure mining permits by 2026, enhancing its position in the gold mining sector.

Aurum Resources Reports High-Grade Gold Intercepts at Boundiali Project
Mar 27, 2025

Aurum Resources Limited has announced significant high-grade gold intercepts at its Boundiali Gold Project in Côte d’Ivoire, with the most notable result being 83 meters at 4.87 g/t gold. The company plans to conduct 100,000 meters of diamond drilling in 2025, aiming to update its Mineral Resource Estimates twice within the year. These developments are expected to contribute to a Pre-Feasibility Study by year-end, potentially enhancing Aurum’s resource growth and value creation.

Aurum Resources Limited Announces Share Issuance Under MKG Options
Mar 20, 2025

Aurum Resources Limited has issued a total of 495,797 fully paid ordinary shares following the conversion of MKG options deed agreements. This issuance, conducted without disclosure to investors, falls under the exemptions of the Corporations Act 2001, allowing secondary trading of these shares without the usual restrictions, potentially impacting the company’s liquidity and market activity.

Aurum Resources Updates on Share Issuance for MKG Option Agreements
Mar 20, 2025

Aurum Resources Limited announced an update regarding the issuance of shares for MKG option purchase agreements, utilizing their LR 7.1 placement capacity. This move is part of the company’s strategic efforts to strengthen its financial position and support its ongoing projects, potentially impacting its market standing and stakeholder interests.

Aurum Resources Limited Announces Share Issuance and Compliance with Trading Regulations
Mar 19, 2025

Aurum Resources Limited has issued 1,500,000 fully paid ordinary shares following the conversion of options and an employee incentive plan. This issuance, conducted without disclosure under the Corporations Act 2001, allows for secondary trading under specific exemptions, indicating compliance with relevant legal provisions and potentially enhancing liquidity for stakeholders.

Aurum Resources Limited Lists New Securities on ASX
Mar 19, 2025

Aurum Resources Limited has announced the quotation of 495,797 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code AUE, effective March 19, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional liquidity for stakeholders.

Aurum Resources Limited Announces New Securities Issuance
Mar 19, 2025

Aurum Resources Limited has announced the issuance of 1,400,000 fully paid ordinary securities, which will be quoted on the ASX under the code AUE. This move is part of the company’s strategy to strengthen its capital structure and potentially enhance its operational capabilities, reflecting a significant step in its growth trajectory.

Aurum Resources Limited Announces Quotation of New Securities on ASX
Mar 19, 2025

Aurum Resources Limited has announced the issuance of 100,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AUE. This move is part of the company’s strategy to enhance its market presence and provide liquidity to its stakeholders, potentially impacting its financial operations and investor relations positively.

Aurum Resources Announces High-Grade Gold Intercepts at Boundiali Project
Mar 18, 2025

Aurum Resources Limited has announced significant high-grade gold intercepts from its Boundiali Gold Project in Côte d’Ivoire, extending known mineralization beyond the current Mineral Resource Estimate (MRE) area. The company plans extensive drilling programs in 2025, targeting a total of 100,000 meters at Boundiali and 30,000 meters at the Napié deposit, aiming to increase their combined gold resources and enhance project value. These efforts are expected to contribute to a Pre-Feasibility Study by the end of 2025, positioning Aurum for substantial resource growth and value creation.

Aurum Resources Limited Releases Half-Year Financial Report
Mar 14, 2025

Aurum Resources Limited has released its half-year financial report for the period ending December 31, 2024. The report provides detailed financial statements, including profit or loss, financial position, and cash flows, which are crucial for stakeholders to assess the company’s financial health and operational performance.

Aurum Resources Limited Applies for Quotation of New Securities
Mar 6, 2025

Aurum Resources Limited has announced the application for the quotation of 3,364,983 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s financial position and market presence, potentially impacting its stakeholders positively.

Aurum Resources Completes Acquisition of Mako Gold
Mar 6, 2025

Aurum Resources Limited has successfully completed the acquisition of Mako Gold Limited, acquiring 100% of its shares following a compulsory acquisition process. This strategic move enhances Aurum’s portfolio and strengthens its position in the mining industry, offering potential growth opportunities for stakeholders.

Aurum Resources Completes Takeover of Mako Gold Limited
Feb 27, 2025

Aurum Resources Limited has completed its off-market takeover bid for Mako Gold Limited, acquiring a 91.38% interest in the company. Following this, Aurum is offering to buy out the remaining convertible securities of Mako, including options expiring in June 2025 and January 2025, under specific terms. This strategic acquisition strengthens Aurum’s position in the mining sector, potentially enhancing its market presence and offering benefits to stakeholders through increased resource control.

Aurum Resources Reports High-Grade Gold Intercepts at Boundiali Project
Feb 27, 2025

Aurum Resources Limited has reported significant high-grade gold intercepts at its Boundiali Gold Project in Côte d’Ivoire, with a notable result of 12 meters at 22.02 g/t gold from 145 meters outside the existing 1.59Moz Mineral Resource Estimate area. The company is executing a 100,000-meter drilling program in 2025 to enhance resource size and confidence, with plans for two Mineral Resource Estimate updates and a Pre-Feasibility Study by year-end. Additionally, a 30,000-meter drilling program is planned for the Napié deposit, aiming to expand its current 0.87Moz resource. Aurum is well-funded with $23 million in cash, positioning itself for substantial resource growth and value creation in 2025.

Aurum Resources Unveils High-Grade Gold Intercepts at Boundiali Project
Feb 20, 2025

Aurum Resources Limited has reported promising high-grade gold intercepts from its Boundiali Gold Project, showcasing the potential for significant mineralization beyond the existing 1.59Moz Mineral Resource Estimate. The company is advancing its exploration efforts with extensive drilling programs planned for both Boundiali and the Napié deposit, aiming to significantly increase their resource base and complete a Pre-Feasibility Study by the end of 2025. With substantial cash reserves, Aurum is well-positioned for further resource growth and value creation, potentially impacting its operations and industry positioning positively.

Aurum Resources Issues New Shares Under Compliance Exemptions
Feb 18, 2025

Aurum Resources Limited has issued a total of 1,102,525 fully paid ordinary shares as compensation for services rendered, in line with the Corporations Act 2001. This issuance was conducted without disclosure to investors, and the company has ensured compliance with relevant sections of the Act, allowing for the secondary trading of these shares under specified exemptions.

Aurum Resources Boosts Market Presence with New Securities Quotation
Feb 18, 2025

Aurum Resources Limited has announced the application for the quotation of 252,525 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move aims to bolster the company’s capital structure and enhance its market presence, potentially impacting its operational capacity and providing stakeholders with improved investment opportunities.

Aurum Resources Limited Issues New Securities for ASX Quotation
Feb 18, 2025

Aurum Resources Limited has announced the issuance of 850,000 ordinary fully paid securities to be quoted on the Australian Securities Exchange (ASX). This development is part of the company’s strategic efforts to enhance its operational capabilities and strengthen its market position by leveraging additional capital.

Aurum Resources Limited Announces Quotation of New Securities on ASX
Feb 7, 2025

Aurum Resources Limited has announced the application for the quotation of 1,354,418 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of February 7, 2025. This development is part of previously announced transactions, which may affect the company’s operations by increasing its capital and potentially enhancing its market position in the resource sector.

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.