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Dome Gold Mines Ltd. (AU:DME)
ASX:DME
Australian Market

Dome Gold Mines Ltd. (DME) AI Stock Analysis

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AU:DME

Dome Gold Mines Ltd.

(Sydney:DME)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
AU$0.11
▲(24.44% Upside)
The score is primarily weighed down by weak financial performance (no revenue, widening losses, and continued cash burn), only partially offset by low leverage on the balance sheet. Technicals add modest support from short-term strength, but longer-term trend signals remain unfavorable, and valuation is constrained by losses and the lack of dividend support.
Positive Factors
Low Leverage / Conservative Balance Sheet
Very low leverage (debt-to-equity ~0.01) provides structural resilience through long exploration cycles. A conservative capital structure reduces refinancing and interest risk, preserves flexibility to pursue drilling or partner deals, and lowers near-term solvency pressure.
Focused Gold Exploration Strategy
A clear, geographically focused mandate on Fijian gold projects concentrates technical expertise and assets, aiding efficient capital allocation and permitting. Focus can create deep geological knowledge, improve project advancement odds, and make the company a clearer partner for JV or offtake arrangements.
Improving Free Cash Flow Trend
Year-over-year improvement in free cash flow, although still negative, signals operational progress or cost control that can extend runway. A durable trend toward lower cash burn increases the likelihood of reaching value-accretive milestones before requiring dilutive capital.
Negative Factors
No Revenue and Widening Net Losses
Absence of revenue and materially widening net losses indicate the company remains pre-revenue and unable to self-fund operations. Persistent losses erode equity, necessitate external funding, and lengthen the timeline to economic sustainability, constraining long-term shareholder value creation.
Persistent Negative Operating Cash Flow
Repeated negative operating cash flow reflects ongoing cash burn and reliance on financing. This structural funding need increases dilution or financing risk, limits spending on exploration or development, and can delay project advancement if external capital is constrained.
Negative Returns on Equity
Consistently negative ROE (~-13%) shows the company is destroying shareholder value with current operations. Sustained negative returns make it harder to attract capital on favorable terms and imply the existing asset base has yet to translate into profitable, scalable operations.

Dome Gold Mines Ltd. (DME) vs. iShares MSCI Australia ETF (EWA)

Dome Gold Mines Ltd. Business Overview & Revenue Model

Company DescriptionDome Gold Mines Ltd, together with its subsidiaries, engages in the exploration and evaluation of mineral projects in Fiji. It explores for gold, copper, and silver deposits, as well as mineral sands. The company holds 100% interests in three special prospecting licenses (SPLs), including the SPL 1495 Sigatoka Iron and Industrial Sand project covering an area of 2,522.69 hectares, which is situated on the south coast of Viti Levu; the SPL 1451 Ono Island project covering an area of 3,028 hectares that is located on Ono Island; and the SPL 1452 Nadrau project covering an area of 33,213 hectares, which is located on the main island of Viti Levu. Dome Gold Mines Ltd was incorporated in 2011 and is headquartered in Sydney, Australia.
How the Company Makes MoneyDome Gold Mines Ltd. generates revenue primarily through the exploration, development, and eventual production of mineral resources, specifically gold and copper. The company invests in identifying and developing mining projects with significant mineral potential. Once these projects reach production, Dome Gold Mines Ltd. earns money by extracting and selling the minerals on global markets. Additionally, the company may enter into joint ventures and partnerships with other mining entities to share the costs and profits associated with exploration and mining activities. These collaborations can provide additional revenue streams and reduce financial risks associated with large-scale mining operations.

Dome Gold Mines Ltd. Financial Statement Overview

Summary
Dome Gold Mines Ltd. faces significant financial challenges, with no revenue generation and ongoing losses. The balance sheet shows a mix of increasing equity but rising debt levels, suggesting a cautious financial position. Cash flow issues highlight the need for better operational management and potential funding to sustain future operations. Overall, the company displays high financial risk with limited growth prospects.
Income Statement
12
Very Negative
Dome Gold Mines Ltd. has consistently reported zero revenue over the years, resulting in negative gross profit and net income. The company is struggling with significant losses, as evidenced by the negative EBIT and EBITDA margins. The lack of revenue growth indicates challenges in scaling operations or market penetration.
Balance Sheet
68
Positive
The balance sheet shows a gradual increase in stockholders' equity, which is a positive sign. However, the debt-to-equity ratio has increased slightly over the years, indicating rising leverage. The equity ratio remains relatively stable, suggesting some financial stability, but the high debt levels pose a risk.
Cash Flow
22
Negative
Operating cash flows are consistently negative, reflecting poor operational efficiency. The company has not generated positive free cash flow, indicating challenges in sustaining operations without external financing. The increasing free cash flow deficit raises concerns about long-term financial sustainability.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-4.30K-4.30K-4.39K-5.98K-6.65K-149.00K
EBITDA-4.55M-4.55M-2.10M-2.98M-1.98M-1.99M
Net Income-3.47M-4.62M-2.19M-2.99M-1.99M-2.24M
Balance Sheet
Total Assets35.71M35.71M36.53M36.11M38.35M33.05M
Cash, Cash Equivalents and Short-Term Investments569.50K569.50K8.50K100.47K4.13M200.57K
Total Debt435.24K435.24K920.69K327.17K22.66K899.45K
Total Liabilities751.02K751.02K1.61M574.99K439.93K1.19M
Stockholders Equity34.96M34.96M34.92M35.54M37.91M31.86M
Cash Flow
Free Cash Flow-1.24M-2.81M-2.21M-4.57M-2.78M-2.05M
Operating Cash Flow-1.24M-2.80M-1.79M-2.00M-1.84M-1.88M
Investing Cash Flow-405.63K-712.41K-419.45K-2.71M-942.04K-174.97K
Financing Cash Flow1.01M4.08M2.11M680.40K6.72M2.25M

Dome Gold Mines Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.09
Price Trends
50DMA
0.11
Positive
100DMA
0.14
Negative
200DMA
0.16
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
62.80
Neutral
STOCH
88.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DME, the sentiment is Neutral. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.11, and below the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 62.80 is Neutral, neither overbought nor oversold. The STOCH value of 88.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:DME.

Dome Gold Mines Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
54
Neutral
AU$189.96M-19.89-27.95%-43.08%
48
Neutral
AU$116.25M-18.8154.26%
45
Neutral
AU$41.91M-10.09-13.23%-86.89%
45
Neutral
AU$187.36M-13.53-11.80%-88.89%
44
Neutral
AU$93.63M-7.68-8.61%42.69%
43
Neutral
AU$57.60M-16.00-16.10%36.62%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DME
Dome Gold Mines Ltd.
0.12
-0.06
-34.29%
AU:AVL
Australian Vanadium
0.27
-0.11
-29.33%
AU:MTH
Mithril Resources Ltd
0.59
0.16
39.29%
AU:ORN
Orion Minerals Limited
0.02
<0.01
64.29%
AU:TGN
Tungsten Mining NL
0.19
0.10
115.12%
AU:VRX
VRX Silica Ltd.
0.07
0.02
46.94%

Dome Gold Mines Ltd. Corporate Events

Dome Gold Mines Confirms 19.9Mt Construction Sand Resource at Sigatoka and Strengthens Board
Dec 24, 2025

Dome Gold Mines has reported a new JORC 2012-compliant construction sand resource estimate for the Kulukulu South area of its Sigatoka iron sand project in Fiji, confirming approximately 19.9 million tonnes of high-quality construction sand that can be produced alongside magnetite concentrate. The company says the confirmation of this large construction sand inventory, which exhibits high silica content and suitable characteristics for concrete and asphalt, materially enhances the revenue potential of a future sand processing operation at Sigatoka, especially given the scarcity of similar resources on smaller Pacific islands and globally. Dome also announced the appointment of experienced sand mining specialist Peter Hinner to its board, reinforcing leadership as it advances the Sigatoka feasibility study and moves toward a mining lease application, and confirmed a three-year renewal of its Sigatoka Special Prospecting Licence to late 2028, securing tenure for ongoing project development.

Dome Gold Mines Strengthens Board With Appointment of Mineral Sands Veteran
Dec 23, 2025

Dome Gold Mines Ltd has appointed veteran mineral sands executive Peter Hinner as a Non-Executive Director, effective 23 December 2025, leveraging his more than 40 years of experience in mineral sands and iron sands project development, including his ongoing role overseeing the completion of the Sigatoka project feasibility study. The company also announced the resignation of director Sarah Harvey, with the chair acknowledging her service as the board refresh signals a strengthening of technical and operational oversight for Dome’s key projects, potentially enhancing execution capability and governance as it advances its flagship Sigatoka development.

Dome Gold Mines to Issue 7 Million Convertible Notes
Dec 10, 2025

Dome Gold Mines Limited has announced a proposed issue of 7,000,000 convertible notes, with the issue date set for January 30, 2026. This strategic move is expected to enhance the company’s financial flexibility and support its ongoing exploration and development projects, potentially strengthening its position in the mining sector.

Dome Gold Mines Launches $7 Million Convertible Note Offering
Dec 10, 2025

Dome Gold Mines Ltd announced a Convertible Note offering to raise up to AUD$7 million, targeting sophisticated investors. The funds will support key operations, including the completion of the Sigatoka Feasibility Study, submission of a mining lease application, and exploration activities at the Nadrau property. This strategic move comes at a critical time as the company seeks to capitalize on rising copper, gold, and silver prices, enhancing its exploration capabilities and strengthening its position in the mining sector.

Dome Gold Mines Announces Director’s Interest Update
Dec 4, 2025

Dome Gold Mines Ltd has announced a change in the director’s interest notice for Mr. Tadao Tsubata. The change involves a transfer of 6,400 ordinary shares from a trust account to individual personal accounts, resulting in a new holding of 43,866,949 ordinary shares indirectly held by Blue Ridge Interactive Limited. This adjustment in shareholding reflects a minor reallocation of shares and does not involve any new acquisitions or disposals, indicating a routine administrative update rather than a strategic shift.

Dome Gold Mines Announces Change in Director’s Shareholding
Dec 1, 2025

Dome Gold Mines Ltd has announced a change in the director’s interest, specifically for Mr. Tadao Tsubata. The notice indicates a transfer of 280,500 ordinary shares from a trust account to individual personal accounts, resulting in a decrease in the total number of shares held by Mr. Tsubata. This change in shareholding may impact the company’s internal governance and stakeholder perceptions.

Dome Gold Mines Ltd. Announces Cessation of Securities
Nov 24, 2025

Dome Gold Mines Ltd. announced the cessation of 580,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of November 21, 2025. This cessation may impact the company’s capital structure and could influence investor perceptions and market dynamics, although the immediate implications for stakeholders were not detailed.

Dome Gold Mines Ltd Successfully Concludes Annual General Meeting with Key Resolutions Passed
Nov 21, 2025

Dome Gold Mines Ltd held its Annual General Meeting on November 21, 2025, where all resolutions were passed by a poll. Key decisions included the adoption of the remuneration report, re-election of a director, and ratification of prior issues of shares and options, indicating a strategic move to enhance the company’s operational capacity and governance framework.

Dome Gold Mines Reports Progress and Challenges in Fiji Projects
Oct 30, 2025

Dome Gold Mines Ltd reported on its activities for the September quarter of 2025, highlighting progress and challenges in its Fijian projects. The company is facing delays in the Sigatoka River desilting program due to local objections, but remains optimistic about resolving these issues. Additionally, the Sigatoka feasibility study is advancing with completed geotechnical drilling and sample analysis underway, essential for the final engineering design. A meeting with the Minister of Lands and Resources indicated regulatory changes, including a shift from a full Environmental Impact Assessment to an Environmental Management Plan at the exploration stage, which could streamline project approvals.

Dome Gold Mines Ltd Releases Annual Financial Report
Oct 17, 2025

Dome Gold Mines Ltd has released its annual financial report, detailing various aspects of its corporate governance, financial performance, and strategic direction. The report includes comprehensive financial statements and declarations from directors and auditors, providing stakeholders with insights into the company’s fiscal health and operational strategies.

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.Date of analysis: Jan 16, 2026