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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 refinancing risk for an early-stage explorer. This durable structural strength preserves financing optionality, lowers fixed obligations, and allows management to prioritize exploration and capital allocation without imminent creditor pressure.
Negative Factors
Persistent net losses
Ongoing, recurring net losses indicate the business is not yet generating surplus returns on invested capital. Over a 2-6 month horizon this structural loss-making profile requires continued external funding and signals that operational scaling or a commercial discovery remains unresolved.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and refinancing risk for an early-stage explorer. This durable structural strength preserves financing optionality, lowers fixed obligations, and allows management to prioritize exploration and capital allocation without imminent creditor pressure.
Read all positive factors
E79 Gold Mines Limited (E79) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.90M
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)―
Beta (1Y)1.25
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
null...
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
Positive
0.03
Price Trends
0.02
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Negative
67.46
Neutral
133.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:E79, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 67.46 is Neutral, neither overbought nor oversold. The STOCH value of 133.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
51 Neutral | AU$15.81M | -5.48 | -40.02% | ― | ― | 39.32% | |
50 Neutral | AU$9.80M | -3.98 | -11.93% | ― | ― | ― | |
45 Neutral | AU$9.15M | -3.13 | -7.27% | ― | ― | -36.96% | |
44 Neutral | AU$9.90M | -1.76 | -36.55% | ― | ― | 5.26% | |
44 Neutral | AU$7.48M | -6.90 | -9.43% | ― | ― | 53.13% | |
41 Neutral | AU$12.78M | -1.94 | -202.96% | ― | ― | 41.01% |
* Basic Materials Sector Average
AU:E79
E79 Gold Mines Limited
0.03
<0.01
21.74%
AU:ICL
Iceni Gold Ltd.
0.02
-0.05
-70.00%
AU:KAL
Kalgoorlie Gold Mining Limited
0.02
-0.02
-46.15%
AU:NSM
North Stawell Minerals, Ltd.
0.02
-0.01
-39.39%
AU:FG1
Flynn Gold Ltd.
0.02
>-0.01
-22.22%
AU:PGD
Peregrine Gold Ltd.
0.16
-0.12
-43.86%
E79 Gold Mines Limited Corporate Events
E79 Gold Mines posts quarterly cash outflow as exploration spending continues
Jul 30, 2026
E79 Gold Mines Limited reported a net operating cash outflow of A$401,000 for the quarter ended 30 June 2026, bringing the 12‑month operating cash deficit to A$2.39 million. The quarter’s cash burn was driven largely by exploration and...
E79 Gold advances heritage and survey work across key WA and NT projects
Jul 30, 2026
E79 Gold reported solid operational progress in the June 2026 quarter, advancing a heritage agreement at its Cue Gold Project in Western Australia that now paves the way for heritage surveys and subsequent drilling of high-priority gravity targets...
E79 Gold Maps New Targets at Mountain Home as Cue Drilling Nears
Jul 29, 2026
E79 Gold Mines Limited has completed a large-scale airborne gravity and magnetic survey over its Mountain Home Copper-Gold-Bismuth Project in the Northern Territory, generating high-quality geophysical datasets that map multiple structural feature...
E79 Gold Mines to Release 28.6 Million Shares From Escrow
Jul 23, 2026
E79 Gold Mines Limited has announced that 28,571,429 ordinary fully paid shares will be released from voluntary escrow on 5 August 2026, in line with ASX Listing Rule 3.10A. The move will increase the free‑float of E79 shares on the market, ...
E79 Gold Mines Director Restructures Personal Holdings in Company Securities
Jul 7, 2026
E79 Gold Mines Limited has disclosed changes in the interests of director Christopher Cairns, involving a reallocation of his holdings in company shares and unlisted options between direct and indirect family-related entities. The transaction, val...
E79 Gold Mines Reports Lapse of Director’s Unlisted Options
Jun 30, 2026
E79 Gold Mines Limited has reported a change in director Deborah Lord’s indirect interests following the lapse of 160,000 unlisted options held through the Goldsworthy Family account. These options, with an exercise price of $0.07 and an exp...
E79 Gold Mines Director Updates Lapse of Unlisted Options
Jun 30, 2026
E79 Gold Mines Limited has disclosed a change in director Peter Ironside’s relevant interests following the lapse of 475,000 unlisted options held indirectly via Ironside Pty Ltd as trustee for the Ironside Super Fund account. These options,...
E79 Gold Mines Updates Market on Director Cairns’ Lapsed Options
Jun 30, 2026
E79 Gold Mines Limited has reported a change in the interests of Director Christopher Cairns, primarily relating to his indirect holdings via Goldwork Asset Pty Ltd and associated family accounts. The update reflects the lapse of 325,000 unlisted ...
E79 Gold Mines Options Expire, Streamlining Capital Structure
Jun 30, 2026
E79 Gold Mines Limited has announced the cessation of 32,124,968 listed options with an exercise price of $0.07 that expired on June 30, 2026 without being exercised or converted. The expiry of these options reduces the company’s potential f...
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...
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.