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E79 Gold Mines Limited
(Sydney:E79)
E79 Gold Mines Limited (E79) vs. S&P 500 (SPY)
E79 Gold Mines Limited Business Overview & Revenue Model
E79 Gold Mines Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 7.18K | 0.00 | 5.44K | 4.60K | Gross Profit |
| -68.94K | -140.16K | -61.23K | -31.31K | 5.44K | 4.60K | EBIT |
| -1.79M | -2.85M | -4.18M | -2.35M | -122.36K | -146.83K | EBITDA |
| -1.60M | -2.60M | -3.99M | -2.32M | 139.65K | -146.18K | Net Income Common Stockholders |
| -1.53M | -2.74M | -4.06M | -2.33M | 22.73K | -159.33K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.46M | 2.09M | 4.50M | 6.89M | 2.67M | 2.66M | Total Assets |
| 5.20M | 5.88M | 8.41M | 10.46M | 2.72M | 2.67M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -1.46M | -2.09M | -4.50M | -6.89M | -2.67M | -2.66M | Total Liabilities |
| 151.95K | 200.18K | 783.66K | 377.81K | 48.98K | 20.57K | Stockholders Equity |
| 5.05M | 5.68M | 7.63M | 10.08M | 2.68M | 2.65M |
| Cash Flow | Free Cash Flow | ||||
| -1.78M | -3.11M | -3.67M | -2.07M | -101.83K | -175.49K | Operating Cash Flow |
| -1.68M | -3.00M | -3.35M | -1.83M | -101.83K | -175.49K | Investing Cash Flow |
| -100.00K | -104.85K | -318.81K | -240.59K | 132.26K | 0.00 | Financing Cash Flow |
| 707.95K | 698.20K | 1.28M | 6.28M | -20.25K | 0.00 |
E79 Gold Mines Limited Technical Analysis
E79 Gold Mines Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $2.89B | 8.16 | 26.42% | 3.19% | 54.37% | 310.22% | |
78 Outperform | AU$26.19B | 22.18 | 11.01% | 2.82% | 25.11% | 28.88% | |
75 Outperform | $15.44B | 22.33 | 16.97% | 1.63% | 60.56% | 302.20% | |
50 Neutral | $1.97B | -1.14 | -21.33% | 3.61% | 1.59% | -30.68% | |
40 Underperform | ― | -28.19% | ― | ― | 68.45% |
E79 Gold Mines Limited Corporate Events
E79 Gold Mines Limited announced the issuance of 3,000,000 unlisted options with an exercise price of 5 cents, set to expire on November 30, 2027. This move is part of an employee incentive scheme and is not intended to be quoted on the ASX, reflecting the company’s strategy to motivate and retain key personnel, potentially impacting its operational efficiency and market positioning.
E79 Gold Mines Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $393,000 for the current quarter. The company generated $1,017,000 from financing activities, primarily through equity securities, and recorded a net cash inflow of $105,000 from investing activities, attributed to farmout income. This financial update indicates a strategic focus on securing funding to support ongoing exploration efforts, which could enhance its market positioning and stakeholder confidence.
E79 Gold Mines Limited reported its quarterly activities for the period ending March 31, 2025. The company conducted aircore drilling at the Laverton South Project, completing 2,253 meters in 29 holes, with assay results pending. A geophysical review is underway to identify further drilling targets. At the Mountain Home Project, a heritage survey is pending before initial drilling in the dry season. E79 Gold also entered a joint venture with Scorpion Minerals Limited for the Jungar Flats Project, allowing focus on near-term opportunities while maintaining exploration exposure. The company raised approximately $1.8 million in capital during the quarter, ending with a cash balance of $2.13 million.
E79 Gold Mines Ltd has exercised its option over the Mountain Home Project in the Northern Territory, a move facilitated through an agreement with NT Minerals Limited’s subsidiary, Redbank Operations Pty Ltd. The option rights were assigned to Iguana Minerals Pty Ltd, which has now delivered an Option Exercise Notice. As part of the agreement, NT Minerals has agreed to reduce the Net Smelter Return (NSR) to 1% capped at $1.5 million, with Iguana having the first right to purchase the NSR for $1 million. This development is formalized through a Royalty Deed executed by the parties.
E79 Gold Mines Limited has acquired 100% ownership of the Mountain Home Copper-Gold-Bismuth Project in the Northern Territory by exercising its option early. This strategic move includes a reduction in the net smelter royalty from 2% to 1% and a decrease in the royalty cap from $3 million to $1.5 million, enhancing the project’s potential. The acquisition allows E79 Gold to proceed with initial drilling in the upcoming dry season, marking a significant step in advancing the project and potentially strengthening its position in the mining industry.
E79 Gold Mines Limited announced a change in the director’s interest, specifically for Peter Ironside, involving the acquisition of 950,000 shares and 475,000 unlisted options. This change reflects a strategic move in the company’s stock management, potentially impacting its market positioning and shareholder value.
E79 Gold Mines Limited announced a change in the director’s interest, with Christopher Cairns acquiring 650,000 shares and 325,000 unlisted options valued at $20,800. This acquisition reflects a significant increase in Cairns’ stake, potentially impacting the company’s governance and signaling confidence in its future prospects.
E79 Gold Mines Limited announced a change in the director’s interest, with Director Deborah Lord acquiring additional securities. The acquisition includes 320,000 shares and 160,000 unlisted options, reflecting a strategic move to strengthen her stake in the company. This development may impact the company’s governance and stakeholder confidence, potentially influencing its market positioning.
E79 Gold Mines Limited announced the issuance of 32,124,968 unlisted options with an exercise price of 7 cents, set to expire on June 30, 2026. This move is part of a previously announced transaction, potentially impacting the company’s financial strategy by providing additional capital opportunities and influencing its market positioning.
E79 Gold Mines Limited has issued 30,709,342 ordinary fully paid shares without a disclosure document under Section 708 of the Corporations Act 2001. The company has confirmed compliance with relevant provisions of the Corporations Act and stated that there is no excluded information required to be disclosed. This issuance could impact the company’s capital structure and potentially influence investor perception and market dynamics.
E79 Gold Mines Limited announced the quotation of 30,709,342 new securities on the Australian Securities Exchange (ASX) as part of previously announced transactions. This move is expected to bolster the company’s capital structure, potentially enhancing its operational capabilities and market positioning within the gold mining industry.
E79 Gold Mines Limited has announced the progress of its aircore drilling program at the Laverton South Gold Project, aimed at testing potential extensions to the Lighthorse gold discovery by Kalgoorlie Gold Mining Ltd. The program, which includes 110 planned holes covering approximately 7,000 meters, has completed 29 holes so far. The initial assay results are expected by mid-April, with further geophysical data reviews underway to identify additional targets. This drilling initiative is significant as it explores areas of structural complexity near the boundary of the Lighthorse discovery, potentially enhancing E79 Gold’s resource base and market positioning within the rich Laverton Tectonic Zone.
E79 Gold Mines Limited has released a presentation detailing its exploration activities and operations. The announcement highlights the company’s ongoing efforts to assess the geology and exploration potential of its projects, though it acknowledges that results are subject to various assumptions and uncertainties. The presentation underscores the company’s commitment to transparency and adherence to industry standards, as evidenced by the involvement of a Competent Person in compiling exploration results. This announcement is crucial for stakeholders as it provides insights into the company’s strategic direction and potential future performance.
E79 Gold Mines Limited announced a change in the director’s interest, involving an off-market transfer of 500,000 unlisted options between direct and indirect holdings of Director Christopher Cairns. This transfer, valued at $7,500, results in no net change in the director’s overall holdings, maintaining the company’s stability in its executive interests.
E79 Gold Mines Limited presented an overview of its activities and operations, highlighting the exploration potential of its projects. The presentation, however, includes forward-looking statements and relies on assumptions that have not been independently verified. Stakeholders are advised to seek independent advice before making investment decisions, as the company does not guarantee the accuracy or completeness of the information provided.
E79 Gold Mines Limited has commenced a significant air-core drilling program at its Laverton South Gold Project in Western Australia. The initiative aims to explore potential extensions of the Lighthorse gold discovery, recently identified by neighboring Kalgoorlie Gold Mining Ltd. The drilling program is expected to conclude within three weeks, with assay results anticipated by the end of April. This development could potentially enhance E79 Gold’s operational prospects and strengthen its position within the gold mining sector.
E79 Gold Mines Limited has released its half-year report for the six months ending December 31, 2024. The report includes various financial statements such as the consolidated statement of profit or loss, financial position, cash flows, and changes in equity. This release provides stakeholders with insights into the company’s financial health and operational performance over the half-year period.
E79 Gold Mines Limited has announced a General Meeting to be held on March 28, 2025, in Nedlands, Western Australia. The meeting will address important resolutions affecting shareholders, and participation can be in person or via proxy. This meeting is significant for stakeholders as it involves decisions that could impact the company’s future operations and shareholder interests.
E79 Gold Mines Limited addressed an ASX Aware Letter, clarifying that a recent Joint Venture Agreement was not considered market sensitive. The company emphasized that the agreement pertains to an ancillary asset in the Murchison area, where they have not had prior success, and reiterated their primary focus on other projects. The company also noted that recent price and volume movements were influenced by a neighboring company’s discovery rather than their own activities.
E79 Gold Mines Limited has issued 25,540,658 ordinary fully paid shares without a disclosure document, in accordance with Section 708A of the Corporations Act 2001. The company confirms compliance with relevant legal provisions and states there is no excluded information that needs disclosure, indicating a transparent and lawful issuance process.
E79 Gold Mines Limited has announced the quotation of 25,540,658 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of February 25, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and providing additional capital for its operations.
E79 Gold Mines Limited has released a presentation outlining its activities and operations, emphasizing the geology and exploration potential of its projects. The release highlights that the company’s exploration results are based on data compiled by a Competent Person and reaffirms the accuracy of previously reported information. While the company acknowledges the presence of forward-looking statements and potential risks, it ensures that information is based on thorough investigation and aligns with the Australasian Code for Reporting of Exploration Results.
E79 Gold Mines Limited has identified multiple high-priority drill targets west of Kalgoorlie Gold Mining Limited’s Lighthorse gold discovery. The company is advancing its exploration activities rapidly, with air-core drilling planned to commence imminently. This exploration is part of their Laverton South Gold Project, potentially impacting E79 Gold’s market position by enhancing its portfolio and opportunities for gold discovery.
E79 Gold Mines Limited has presented an overview of its activities and exploration potential, emphasizing the reliance on assumptions and subjective interpretations in their geological assessments. The release highlights the company’s ongoing efforts to explore and develop its gold mining projects, acknowledging the inherent risks and uncertainties that may impact future performance.
E79 Gold Mines Limited has announced a proposed issue of securities, which includes the placement of 56.25 million fully paid ordinary shares and 32.125 million unlisted options. This action is aimed at bolstering the company’s financial position and enhancing its capacity to fund ongoing and future exploration projects, potentially strengthening its market position within the gold mining sector.
E79 Gold Mines Limited has successfully secured $1.8 million through a two-tranche placement to institutional and sophisticated investors at A$0.032 per share, with demand exceeding the commitments accepted. The funds will be utilized for aircore drilling at the Laverton South Gold Project and for working capital, indicating strong investor confidence in the project’s potential and the company’s strategic positioning.
E79 Gold Mines Limited has entered into a joint venture agreement with Scorpion Minerals Limited to expand their position in the Murchison gold province. Scorpion will earn up to a 70% stake in E79’s Jungar Flats Gold Project by spending $3 million over five years, enhancing their exploration efforts in a region known for significant gold discoveries. The company has secured $1.5 million through a share placement at a 33% premium to their last traded price, enabling them to accelerate exploration across high-grade targets. This strategic agreement positions Scorpion as the largest landholder in the highly prospective Big Bell–Dalgaranga shear corridor, potentially increasing their industry standing and attracting investor interest.
E79 Gold has entered an Earn-In and Joint Venture Agreement with Scorpion Minerals Limited for the Jungar Flats Project in Western Australia’s Murchison region. This agreement allows E79 Gold to focus on its owned projects while benefiting from potential exploration success at Jungar Flats, with Scorpion Minerals managing the project and providing an upfront cash payment. The arrangement is expected to optimize resource allocation and enhance regional exploration initiatives.
E79 Gold Mines Limited, listed on the Australian Securities Exchange as E79, has requested a trading halt on its securities. This halt is pending an announcement regarding a capital raise, which is expected to be released by Monday, 17 February 2025. The move suggests the company is seeking to strengthen its financial position, which may impact its market operations and strategic direction.
E79 Gold Mines Limited has responded to a query from ASX regarding unusual trading activity in its securities, clarifying that it is not aware of any undisclosed information impacting market behavior. The company attributes potential speculation to neighboring Kalgoorlie Gold Mining Limited’s recent discovery of extensive gold mineralization at Pinjin, which is in proximity to E79’s exploration licenses. This discovery could potentially impact E79’s operations by increasing interest and investment in its nearby projects.