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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 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.10
▲(11.11% Upside)
The score is primarily held back by weak financial performance (no revenue, continued losses, and cash burn). Technical indicators provide some near-term support (price above short-term averages and positive MACD), while valuation is difficult to assess due to a negative P/E and no dividend yield data.
Positive Factors
Conservative Balance Sheet
Very low debt-to-equity (~0.01) materially reduces financial fragility for an exploration firm. Low leverage lowers fixed interest burdens and bankruptcy risk, giving management durable flexibility to fund multi-quarter drilling and studies via equity or partnerships without heavy debt servicing.
Focused Asset Strategy
A clear, narrow focus on gold exploration and development in Fiji concentrates technical expertise, regulatory engagement, and capital allocation. This specialization supports efficient project advancement, clearer permitting pathways and partner alignment over many months as assets are matured.
Improving Cash Flow Trend
An improvement in free cash flow versus the prior year suggests early progress on cost control or lower capital intensity. While still negative, a trend toward smaller deficits reduces near-term financing needs and extends runway, aiding sustained progression of exploration programs over upcoming quarters.
Negative Factors
No Revenue Generation
Absence of revenue indicates the company remains pre-commercial and dependent on capital markets. Without operating cash inflows from production or asset sales, management must continuously secure funding, creating long-term dilution and execution risk until a revenue-generating event occurs.
Persistent Cash Burn
Consistent negative operating and free cash flows signal structural cash burn that constrains organic project advancement. Persistent outflows increase dependency on external financing or JV partners, raise dilution risk, and can delay milestone-driven value creation across multiple quarters if capital markets tighten.
Worsening Profitability / ROE Erosion
Net losses widened materially year-over-year and returns on equity are negative (~-13%), reflecting erosion of shareholder value. Sustained widening losses and negative ROE increase pressure to raise capital or cut spending, undermining long-term investor returns absent a clear path to revenue or asset monetization.

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
Overall financials are weak: no revenue, persistent operating losses, and ongoing negative operating/free cash flow. The main offsetting positive is a relatively conservative balance sheet with very low leverage, but losses and cash burn remain the dominant factor.
Income Statement
12
Very Negative
The company reports no revenue across the period provided, while losses remain persistent and, in the latest annual period (2025-06-30), widened materially versus 2024 (net loss of -4.6M vs. -2.2M). Operating losses are consistently negative, and profitability has not shown a sustained improving trajectory, indicating an early-stage/asset-development profile with ongoing cost burn and limited operating leverage.
Balance Sheet
68
Positive
The balance sheet is relatively conservative from a leverage standpoint, with low debt compared to equity in the latest annual period (debt-to-equity ~0.01) and modest total debt overall. However, returns on equity are consistently negative (latest ROE about -13%), reflecting ongoing losses that erode economic value despite the currently supportive capital structure.
Cash Flow
22
Negative
Cash generation is weak, with operating cash flow and free cash flow negative every year shown, including 2025 (operating cash flow about -2.8M; free cash flow about -2.8M). Free cash flow improved versus the prior year (less negative than 2024), but the business remains cash-burning and dependent on funding until it can establish sustainable revenue and reduce operating outflows.
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
Negative
Last Price0.09
Price Trends
50DMA
0.11
Negative
100DMA
0.13
Negative
200DMA
0.15
Negative
Market Momentum
MACD
<0.01
Positive
RSI
42.06
Neutral
STOCH
34.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DME, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.06 is Neutral, neither overbought nor oversold. The STOCH value of 34.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
51
Neutral
AU$363.15M-26.88-27.95%-43.08%
50
Neutral
AU$41.91M-8.77-13.23%-86.89%
49
Neutral
AU$293.25M-21.76-11.80%-88.89%
44
Neutral
AU$86.70M-7.25-8.61%42.69%
44
Neutral
AU$83.15M-12.5454.26%
43
Neutral
AU$50.59M-14.44-16.10%36.62%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DME
Dome Gold Mines Ltd.
0.10
-0.08
-44.44%
AU:AVL
Australian Vanadium
0.25
-0.08
-23.08%
AU:MTH
Mithril Resources Ltd
0.39
-0.01
-2.50%
AU:ORN
Orion Minerals Limited
0.04
0.02
131.25%
AU:TGN
Tungsten Mining NL
0.25
0.14
117.39%
AU:VRX
VRX Silica Ltd.
0.07
0.03
71.05%

Dome Gold Mines Ltd. Corporate Events

Dome Gold Mines Plans Issue of 7 Million Convertible Notes
Feb 4, 2026

Dome Gold Mines Limited has lodged an Appendix 3B with the ASX outlining plans for a proposed placement involving the issue of up to 7,000,000 convertible notes. The new securities, which will form a new class of quoted instruments subject to ASX approval, are scheduled for issue on 31 March 2026 and are intended to provide additional funding flexibility to support the company’s ongoing exploration and development activities, potentially strengthening its capital structure and operational runway.

The most recent analyst rating on (AU:DME) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Dome Gold Mines Ltd. stock, see the AU:DME Stock Forecast page.

Dome Gold Mines Extends $7m Convertible Note Offer to 31 March 2026
Feb 4, 2026

Dome Gold Mines Ltd has extended the closing date of its unsecured convertible note offering, which seeks to raise up to A$7 million, from 10 December 2025 to 31 March 2026, while keeping all commercial terms unchanged, including a three-year tenor, 10% annual interest, and a A$0.15 per share conversion price. The revised timetable, which also shifts the first semi-annual interest payment to 7 October, provides additional time for investors to participate and potentially strengthens the company’s funding base without altering the structure or ranking of the notes, thereby maintaining clarity for existing creditors and shareholders.

The most recent analyst rating on (AU:DME) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Dome Gold Mines Ltd. stock, see the AU:DME Stock Forecast page.

Dome Gold Mines Updates Timing of Convertible Note Issue in Revised ASX Filing
Feb 4, 2026

Dome Gold Mines Limited has lodged a new Appendix 3B with the ASX to update details of a previously announced proposed issue of securities, specifically revising the proposed issue date for its Convertible Notes and the associated interest repayment dates. The latest filing cancels an earlier Appendix 3B announced on 10 December 2025 and clarifies the timing of this planned placement or other type of issue, signalling an adjustment to the company’s funding timetable that may affect how and when investors engage with its convertible note offering.

The most recent analyst rating on (AU:DME) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Dome Gold Mines Ltd. stock, see the AU:DME Stock Forecast page.

Dome Gold Mines Advances Sigatoka Sand Project and Seeks $7m in Funding
Jan 30, 2026

Dome Gold Mines reported a new construction sand resource estimate for the Kulukulu South area of its Sigatoka project, confirming 19.9 million tonnes of high-silica, low-fines sand suitable for concrete and asphalt and comparable to major Australian dune systems, in a report prepared in line with JORC 2012 principles. This resource, along with the previously reported 189.3 million tonnes of iron sands in the broader Sigatoka area, marks a major step toward finalising the Sigatoka feasibility study and securing a mining lease, with ongoing site work focused on pit design, material transport, and water sourcing. To advance these plans, Dome has launched a convertible note funding proposal of up to $7 million to complete the Sigatoka feasibility study, run airborne geophysical surveys over the Nadrau copper-gold licence, and recruit experienced technical and marketing staff, while the recent rise in copper, gold and silver prices is enhancing the strategic value of its Nadrau tenement for future exploration and potential discovery.

The most recent analyst rating on (AU:DME) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Dome Gold Mines Ltd. stock, see the AU:DME Stock Forecast page.

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.

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 28, 2026