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E79 Gold Mines Limited (AU:E79)
ASX:E79
Australian Market

E79 Gold Mines Limited (E79) AI Stock Analysis

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AU:E79

E79 Gold Mines Limited

(Sydney:E79)

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Neutral 47 (OpenAI - 5.2)
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Neutral 47 (OpenAI - 5.2)
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Neutral 47 (OpenAI - 5.2)
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Neutral 47 (OpenAI - 5.2)
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Neutral 47 (OpenAI - 5.2)
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Neutral 47 (OpenAI - 5.2)
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Neutral 47 (OpenAI - 5.2)
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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
AU$0.03
▲(13.33% Upside)
Action:ReiteratedDate:03/17/26
The score is primarily pressured by weak financial performance (minimal revenue, ongoing losses, and persistent cash burn), partly mitigated by a debt-free balance sheet. Technical indicators are mildly supportive (neutral RSI and slightly positive MACD with price holding above longer-term averages), but valuation remains unattractive/unclear due to a negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers financial distress risk for an exploration company, preserving optionality to fund programs via equity or partnerships. This durable strength makes the firm less vulnerable to rising rates and supports longer runway for discovery-led value creation.
Equity capital buffer
Maintaining ~A$5.6m of equity provides a meaningful capital buffer to underwrite ongoing drilling and exploration cycles. For a junior miner, equity-backed balance sheets enable continuity of programs and improve credibility for JV deals or farm-outs, supporting multi‑quarter activity continuity.
Reduced cash burn trend
The step-down in operating outflows signals tighter cost control or more efficient programs, a sustainable trend that can extend runway. Consistent reduction in burn lowers near-term funding dependence and increases probability that exploration spend can be funded to test prospects over coming quarters.
Negative Factors
Persistent negative cash flow
Chronic negative OCF and free cash flow mean the business cannot internally fund exploration and will rely on external capital. Over time this creates dilution risk or interrupted programs if capital markets tighten, constraining the company's ability to deliver on multi‑stage exploration plans.
Minimal, volatile revenue
Revenue remains negligible and inconsistent, so the firm lacks operating-scale revenue streams to offset exploration costs. This structural lack of recurring income limits margin improvement prospects and keeps profitability dependent on successful resource definition or external funding events.
Negative return on equity
A roughly -33% ROE indicates capital is not generating returns and equity is being eroded by losses. Persistently negative ROE signals poor capital efficiency and increases the risk that continued losses will deplete the equity buffer, pressuring future financing needs and shareholder dilution.

E79 Gold Mines Limited (E79) vs. iShares MSCI Australia ETF (EWA)

E79 Gold Mines Limited Business Overview & Revenue Model

Company DescriptionE79 Gold Mines Limited operates as a gold exploration company. It has two flagship projects including the Laverton South project with two tenement packages, such as Lake Yindana and Pinjin, which covers an area of approximately 355 square kilometers; and the Jungar Flats project covering an area of 418 square kilometers of prospective in two proven gold producing greenstone belts in the Eastern Goldfields of Western Australia. The company was formerly known as Zamanco Minerals Limited and changed its name to E79 Gold Mines Limited in July 2021. E79 Gold Mines Limited was incorporated in 2007 and is based in Nedlands, Australia.
How the Company Makes Moneynull

E79 Gold Mines Limited Financial Statement Overview

Summary
Fundamentals are weak: revenue is minimal and volatile (A$0 in 2024, ~A$268k in 2025) with continued sizable losses (2025 net loss ~A$1.86m) and persistent negative operating/free cash flow (2025 OCF ~-A$1.65m; FCF ~-A$1.75m). The key offsetting positive is a debt-free balance sheet with meaningful equity (~A$5.6m), which reduces financial risk but does not offset negative ROE and ongoing cash burn.
Income Statement
18
Very Negative
Revenue remains very small and volatile (A$0 in 2024, rising to ~A$268k in 2025), and profitability is consistently weak with large losses (2025 net loss ~A$1.86m). Margins are deeply negative in recent years, indicating the business is not yet operating at scale; the sharp revenue growth in 2025 is from a near-zero base and does not yet translate into improved earnings power. A prior year (2021) showed a small profit, but it has not proven durable.
Balance Sheet
62
Positive
The balance sheet is conservatively levered with zero debt across all reported periods, which materially reduces financial risk. Equity remains sizable (~A$5.6m in 2025) and supports operations, though it has declined from earlier periods, reflecting ongoing losses. Returns on equity are persistently negative (2025 roughly -33%), highlighting that capital is not currently generating profits despite the low leverage.
Cash Flow
22
Negative
Cash generation is weak, with operating cash flow negative every year and still meaningfully outflowing in 2025 (~-A$1.65m), though improved versus 2024 (~-A$3.00m). Free cash flow is also consistently negative (2025 ~-A$1.75m), implying continued funding needs. Cash burn broadly tracks accounting losses (free cash flow roughly in line with net loss), which suggests limited non-cash cushioning and reinforces the reliance on external capital until operations scale.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue100.00K267.87K0.007.18K0.005.44K
Gross Profit49.89K267.87K-140.16K-61.23K-31.31K5.44K
EBITDA-2.43M-1.82M-2.60M-3.99M-2.30M139.65K
Net Income-2.58M-1.86M-2.74M-4.06M-2.33M22.73K
Balance Sheet
Total Assets9.02M5.92M5.88M8.41M10.46M2.72M
Cash, Cash Equivalents and Short-Term Investments3.58M2.11M2.09M4.50M6.89M2.67M
Total Debt0.000.000.000.000.000.00
Total Liabilities387.78K315.75K200.18K783.66K377.81K48.98K
Stockholders Equity8.50M5.60M5.68M7.63M10.08M2.68M
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-240.59K132.26K
Financing Cash Flow4.61M1.68M698.20K1.28M6.28M-20.25K

E79 Gold Mines Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.03
Price Trends
50DMA
0.04
Positive
100DMA
0.03
Positive
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Positive
RSI
54.23
Neutral
STOCH
100.00
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 below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.23 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 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

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%
48
Neutral
AU$6.14M-2.11-139.36%168.85%13.51%
47
Neutral
-0.87-34.99%53.27%
47
Neutral
AU$56.99M-2.79-28.97%5.93%
43
Neutral
AU$2.95M-0.22-164.84%76.76%
41
Neutral
AU$9.13M-0.89-5491.93%-34.64%
40
Underperform
AU$6.27M-4.04-120.71%65.32%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:E79
E79 Gold Mines Limited
0.04
>-0.01
-14.63%
AU:GSM
Golden State Mining Ltd.
0.01
<0.01
30.00%
AU:SFM
Santa Fe Minerals Ltd.
0.35
0.31
775.00%
AU:PVW
PVW Resources Limited
0.02
<0.01
6.67%
AU:RAS
Ragusa Minerals Ltd
0.03
<0.01
47.62%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%

E79 Gold Mines Limited Corporate Events

E79 Gold Mines Releases Half-Year Financial Report for December 2025
Mar 9, 2026

E79 Gold Mines Limited has released its half-year report for the six months ended 31 December 2025, providing investors with updated financial statements and a review of operations. The report package includes directors’ commentary, audited financials, cash flow details, changes in equity, and an independent auditor’s review, giving stakeholders a comprehensive view of the company’s interim performance and financial position.

The consolidated statements of profit or loss, financial position, and cash flows outline how E79 Gold Mines is managing its resources and capital during the period. Together with the auditor’s independence declaration and directors’ report, the disclosure supports transparency, regulatory compliance, and informed decision-making for shareholders and the broader market.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

E79 Gold Mines Director Increases Stake Following Cue Project Milestone
Feb 5, 2026

E79 Gold Mines Limited has disclosed a significant change in the securities held by director Matthew Bowles, following the satisfaction of agreed milestones linked to the acquisition of the Cue Project. Upon the transfer of optioned tenements to Cue Metals, the company issued Deferred A Consideration Shares to Bowles both directly and indirectly via Atlantic Capital Pty Ltd, increasing his holding by 358 direct shares and 12,856,982 indirect shares, all subject to escrow through August 2026. The non-cash issuance, valued at approximately A$270,004 based on a deemed price of 2.1 cents per share, reflects progress in the Cue Project transaction structure and further aligns director interests with the company’s long-term project development outcomes.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

E79 Gold Mines Issues New Shares Under Section 708A Notice
Feb 5, 2026

E79 Gold Mines Limited has issued 28,571,429 new fully paid ordinary shares without a disclosure document, relying on the provisions of Section 708 of the Corporations Act 2001. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations under the Corporations Act and stated there is no excluded information that would need to be disclosed, signalling that the capital raising has been conducted in compliance with regulatory requirements and without the need for a full prospectus, which may provide funding flexibility with limited additional disclosure burden for investors.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

E79 Gold Mines Seeks ASX Quotation for 28.6 Million New Shares
Feb 5, 2026

E79 Gold Mines Limited has applied to the ASX for quotation of 28,571,429 new ordinary fully paid shares, to be issued on 5 February 2026. The move increases the company’s quoted share capital and is part of previously flagged transactions, signalling an expansion of its equity base that may support ongoing exploration and development activities and potentially strengthen its financial position in the competitive gold sector.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

E79 Gold Issues Milestone Shares as Cue Metals Tenement Transfer Completed
Feb 5, 2026

E79 Gold Mines Limited has issued 28,571,429 fully paid ordinary shares as Deferred A Consideration to the shareholders of Cue Metals Pty Ltd after the transfer of six tenements to Cue Metals as the registered holder, fulfilling a key milestone in its 90% acquisition of the company. The remaining Deferred B Consideration Shares are still contingent on the grant of seven additional tenements under application within three years, while Cue Metals’ remaining 10% interest remains free-carried through to completion of a feasibility study, over which E79 retains first right of refusal. With a high‑resolution gravity survey on the Cue Metals Project now completed and interpretation due within two weeks, E79 is preparing to define drill targets, plan its first drilling program, and finalise heritage agreements, marking a rapid progression toward active exploration that could enhance the project’s strategic value within the region’s established gold‑mining corridor.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

E79 Gold Completes High-Resolution Gravity Survey at Cue Gold Project
Feb 1, 2026

E79 Gold Mines Limited has completed a high-resolution ground gravity survey across its newly acquired Cue Gold Project in Western Australia’s Murchison Gold Province, a region known for high-grade quartz reef–hosted gold deposits. The survey, comprising 3,474 gravity stations on a 100–200 metre grid, is designed to map gold-mineralised structural corridors beneath shallow cover, leveraging a technique that has proven successful in delineating high-grade gold-bearing structures at neighbouring operations including Day Dawn and Break of Day. The new gravity data will be integrated with re-processed historical magnetic datasets over the next two to three weeks to generate and refine priority drill targets, marking a key step in advancing E79 Gold’s exploration program and potentially elevating the project’s role within a well-endowed gold district.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

E79 Gold Mines Strengthens Cash Position with Equity Raise Amid Ongoing Exploration Spend
Jan 28, 2026

E79 Gold Mines reported a net operating cash outflow of A$488,000 for the December 2025 quarter and A$1.315 million for the half year, largely driven by exploration and evaluation spending and associated staff, administrative and corporate costs, while investing cash outflows of A$147,000 included payments related to the acquisition of Cue Metals Pty Ltd and the exercise of an option over Cue tenements. These expenditures were funded by A$3.115 million raised from equity issues during the quarter, resulting in a net positive cash movement from financing activities that strengthened the company’s cash position and underpinned its capacity to continue exploration and advance its recently acquired projects, an important consideration for shareholders tracking funding runway and project momentum in a capital-intensive exploration environment.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

E79 Gold Bolsters WA Portfolio with Strategic Cue Gold Acquisition and Capital Raise
Jan 28, 2026

E79 Gold Mines Limited has strengthened its Western Australian portfolio with the acquisition of the Cue Gold Project in the Murchison Region, adjacent to the high-grade Day Dawn goldfield and sharing similar geology to nearby producing mines. The company has commenced a high-resolution ground gravity survey across Cue to identify high-grade gold-bearing structures, advanced its Laverton South and Northern Territory Mountain Home projects with encouraging exploration results and improved site access, completed a A$3 million capital raise and ended the quarter with A$3.6 million in cash, while appointing Matthew Bowles as a non-executive director to help drive the newly acquired project forward.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

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: Mar 17, 2026