E79 Gold Mines Limited (AU:E79)
ASX:E79
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E79 Gold Mines Limited
(Sydney:E79)
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Rating:44Neutral
Price Target:
AU$0.02
▼(-20.00% Downside)
Action:Reiterated
Date:06/11/26
The score is primarily held down by weak financial performance (ongoing losses and cash burn despite some revenue improvement) and bearish technical trends (price below key moving averages with negative momentum). A debt-free balance sheet provides some stability, but valuation remains hard to justify given negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and interest-rate risks for an exploration firm. Over the next 2-6 months this lowers the probability of forced asset sales or distressed financing, giving management time to progress exploration and negotiate partner funding on better terms.
Negative Factors
Persistent net losses
Recurring net losses indicate the company is not yet generating sustainable returns from its activities. Over 2-6 months this maintains pressure on reserves, limits reinvestment capacity, and keeps focus on funding milestones rather than organic profitability or dividend potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and interest-rate risks for an exploration firm. Over the next 2-6 months this lowers the probability of forced asset sales or distressed financing, giving management time to progress exploration and negotiate partner funding on better terms.
Read all positive factors
E79 Gold Mines Limited (E79) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.84M
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue GrowthN/A
EPS Growth5.26%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding353,555,700
10 Day Avg. Volume1,622,647
30 Day Avg. Volume1,503,814
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.47
Price to Sales (P/S)9.74
P/FCF Ratio-1.49
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)N/A
Revenue Forecast (FY)N/A
E79 Gold Mines Limited Business Overview & Revenue Model
Company Description
E79 Gold Mines Limited primarily engages in the exploration for gold deposits. The company boasts two key projects: the Laverton South project, which encompasses approximately 355 square kilometers through its Lake Yindana and Pinjin tenement pack...
How the Company Makes Money
As an exploration-stage company, E79’s ability to generate operating revenue from product sales is null. Its economic model is typically centered on increasing the value of its exploration portfolio through discovery and advancement of gold prospe...
E79 Gold Mines Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.00K | 267.87K | 0.00 | 7.18K | 0.00 | 5.44K |
| Gross Profit | 49.89K | 267.87K | -140.16K | -61.23K | -31.31K | 5.44K |
| EBITDA | -2.43M | -1.82M | -2.60M | -3.99M | -2.30M | 139.65K |
| Net Income | -2.58M | -1.86M | -2.74M | -4.06M | -2.33M | 22.73K |
Balance Sheet | ||||||
| Total Assets | 9.02M | 5.92M | 5.88M | 8.41M | 10.46M | 2.72M |
| Cash, Cash Equivalents and Short-Term Investments | 3.58M | 2.11M | 2.09M | 4.50M | 6.89M | 2.67M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 387.78K | 315.75K | 200.18K | 783.66K | 377.81K | 48.98K |
| Stockholders Equity | 8.50M | 5.60M | 5.68M | 7.63M | 10.08M | 2.68M |
Cash Flow | ||||||
| Free Cash Flow | -2.47M | -1.75M | -3.11M | -3.67M | -2.07M | -101.83K |
| Operating Cash Flow | -2.36M | -1.65M | -3.00M | -3.35M | -1.83M | -101.83K |
| Investing Cash Flow | -124.86K | -7.15K | -104.85K | -318.81K | -240.59K | 132.26K |
| Financing Cash Flow | 4.61M | 1.68M | 698.20K | 1.28M | 6.28M | -20.25K |
E79 Gold Mines Limited Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
34.17
Neutral
-28.57
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:E79, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.17 is Neutral, neither overbought nor oversold. The STOCH value of -28.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:E79.
E79 Gold Mines 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% | |
45 Neutral | AU$6.27M | -3.71 | -120.71% | ― | ― | 29.17% | |
45 Neutral | AU$5.55M | -2.09 | -154.54% | ― | -96.35% | -202.04% | |
44 Neutral | AU$8.84M | -1.51 | -36.55% | ― | ― | 5.26% | |
43 Neutral | AU$5.66M | -1.00 | -164.84% | ― | ― | -41.67% | |
42 Neutral | AU$43.96M | -10.37 | -134.41% | ― | ― | -267.80% |
* Basic Materials Sector Average
AU:E79
E79 Gold Mines Limited
0.02
<0.01
4.35%
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Golden State Mining Ltd.
0.01
<0.01
30.00%
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Santa Fe Minerals Ltd.
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525.00%
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Ragusa Minerals Ltd
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E79 Gold Mines Limited Corporate Events
E79 Gold Launches Gravity Survey at Mountain Home as Cue Gold Drilling Nears
May 26, 2026
E79 Gold Mines has begun a large-scale airborne gravity survey over its 525km2 Mountain Home copper-gold-bismuth project in the Northern Territory, aiming to refine structural interpretations and improve targeting of high-grade mineralisation. The...
E79 Gold Mines to Release 14.3 Million Shares From Escrow
May 25, 2026
E79 Gold Mines Limited has announced that 14,285,714 ordinary fully paid shares will be released from voluntary escrow on 4 June 2026. This escrow release will increase the pool of freely tradable shares on the market, potentially enhancing liquid...
E79 Gold Mines Issues Cautionary Overview of Murchison Gold Exploration Activities
May 7, 2026
E79 Gold Mines has released a presentation outlining an overview of its activities, operations and exploration potential at its Western Australian gold projects, while stressing that the information is based on assumptions and interpretations that...
E79 Gold Mines Posts Quarterly Cash Outflow as Cue Acquisition Costs Weigh
Apr 29, 2026
E79 Gold Mines Limited reported net operating cash outflows of A$677,000 for the March 2026 quarter and A$1.99 million for the nine months to date, driven primarily by exploration, evaluation, and corporate administration expenses, partially offse...
E79 Gold Defines 40-Plus Drill Targets as Cue Project Moves Toward Drilling
Apr 29, 2026
E79 Gold Mines has rapidly advanced its Cue Gold Project in Western Australia by completing a high-resolution gravity survey that identified more than 40 drill targets, including 12 high-priority prospects within the highly endowed Great Fingall D...
Scorpion Secures EIS Funding to Accelerate Pharos Gold Exploration in Murchison
Apr 29, 2026
Scorpion Minerals has secured up to $196,505 in co-funding under Western Australia’s Exploration Incentive Scheme for a detailed airborne magnetic and radiometric survey and lithostructural analysis over its Pharos Gold Project and the Junga...
E79 Gold Mines Outlines Exploration Potential with Cautious Investor Guidance
Apr 9, 2026
E79 Gold Mines has released an investor presentation outlining an overview of its projects, geology and exploration potential in Western Australia, while emphasising that the material is based on assumptions and has not undergone independent verif...
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.