Top Page
Far East Gold Ltd
(Sydney:FEG)
Far East Gold Ltd (FEG) vs. iShares MSCI Australia ETF (EWA)
Far East Gold Ltd Business Overview & Revenue Model
Far East Gold Ltd Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 11.84K | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -76.28K | -78.27K | -66.61K | -41.73K | -12.20K | EBIT |
| -2.24M | -1.30M | -2.69M | -2.13M | -4.48M | EBITDA |
| -2.40M | -1.49M | -2.62M | -2.35M | -4.47M | Net Income Common Stockholders |
| -3.79M | -1.66M | -2.50M | -3.43M | -4.56M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 10.45M | 1.09M | 3.93M | 9.10M | 2.71M | Total Assets |
| 46.30M | 33.26M | 30.97M | 25.39M | 2.86M | Total Debt |
| 96.91K | 116.95K | 119.78K | 71.52K | 103.85K | Net Debt |
| -10.35M | -974.02K | -3.81M | -9.03M | -2.61M | Total Liabilities |
| 1.29M | 1.72M | 2.37M | 305.32K | 352.55K | Stockholders Equity |
| 42.34M | 28.95M | 25.97M | 22.22M | 2.51M |
| Cash Flow | Free Cash Flow | |||
| -4.25M | -9.11M | -11.23M | -4.75M | -4.16M | Operating Cash Flow |
| -2.23M | -2.19M | -1.32M | -3.02M | -4.12M | Investing Cash Flow |
| -4.62M | -6.93M | -9.91M | -1.73M | -38.60K | Financing Cash Flow |
| 13.48M | 6.26M | 6.06M | 11.10M | 6.86M |
Far East Gold Ltd Technical Analysis
Far East Gold Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $29.05B | 24.64 | 11.01% | 2.58% | 25.11% | 28.88% | |
75 Outperform | $17.45B | 25.24 | 16.97% | 1.36% | 60.56% | 302.20% | |
74 Outperform | $3.73B | ― | -0.38% | ― | 29.83% | 93.23% | |
50 Neutral | $1.99B | -1.06 | -21.34% | 3.71% | 2.03% | -30.65% | |
41 Neutral | AU$53.22M | ― | -12.73% | ― | ― | -150.77% |
Far East Gold Ltd Corporate Events
Far East Gold Ltd announced significant progress in its exploration activities for the quarter ending March 2025, with a focus on its Indonesian and Australian projects. Key developments include the arrival of a drill rig at the Idenburg site, the receipt of substantial investment from Xingye Gold Hong Kong Mining Company, and the initiation of a detailed structural evaluation at Idenburg. The company also reported a new discovery zone named ‘East Bermol’ and outlined plans for extensive drilling campaigns at both the Idenburg and Trenggalek projects. These efforts aim to expand the company’s gold resource base and advance its exploration initiatives, potentially enhancing its market position and stakeholder value.
Far East Gold Ltd announced a change in the director’s interest, with Justin Werner, a director and shareholder of Bellambi Enterprises Limited, disposing of 148,300 fully paid ordinary shares. This transaction, conducted on-market, reflects a slight adjustment in the director’s holdings, which now stand at 17,038,464 fully paid ordinary shares. The change is part of routine portfolio management and does not indicate any significant shift in the company’s strategic direction.
Far East Gold Ltd has announced the discovery of a new high-grade gold zone at its Idenburg project, located 1.2km east of the Bermol prospect area. This discovery, with assays up to 53 g/t Au, confirms the resource potential at Idenburg and supports the need for further exploration. The company plans a 3,670m diamond drill program to expand its current resource estimate and explore new zones of mineralization. The discovery is expected to enhance the company’s operations by potentially increasing its gold and silver resources, thereby strengthening its position in the mining industry and offering promising implications for stakeholders.
Far East Gold Ltd has announced an extensive drilling program at its Idenburg gold project in Papua, aiming to expand its current inferred gold resource of 540,000 ounces. The program includes a 32-hole diamond drill initiative to enhance resource estimates and advance the project towards feasibility. The company plans to infill and expand resources at key prospect areas and conduct initial scout drilling at a new prospect, indicating significant potential for resource expansion. This initiative is seen as a pivotal step for Far East Gold Ltd, as it seeks to increase its gold resource base and strengthen its position in the mining industry.
Far East Gold Limited has appointed Ms. Monique Tang, an experienced executive from Xingye Gold Hong Kong Mining Company Limited, to its Board of Directors. This strategic move is expected to enhance FEG’s ability to develop its portfolio and create value for shareholders, leveraging Tang’s extensive experience in international business and resource projects.
Far East Gold Ltd has released its interim financial report for the half-year ending December 31, 2024. The report, which was authorized for issue on March 10, 2025, provides a comprehensive overview of the company’s financial performance, including statements of profit or loss, financial position, equity changes, and cash flows. This release is crucial for stakeholders as it offers insights into the company’s financial health and operational efficiency, potentially impacting its market positioning and investor confidence.
Far East Gold Limited has finalized its exploration and drilling plans for 2025, targeting key assets at Idenburg and Trenggalek. The company aims to increase the Maiden JORC Resource at Idenburg and explore copper porphyry and gold epithermal targets at Trenggalek. These initiatives are expected to enhance the company’s development projects and potentially lead to new discoveries, impacting its strategic partnerships and market positioning.
Far East Gold Ltd has announced a change in the interests of its substantial holder, Xingye Gold (Hong Kong) Mining Company Limited. Xingye has increased its voting power in Far East Gold Ltd from 14.56% to 19.99% following the acquisition of additional shares under a placement agreement. This change could potentially impact the company’s operations and industry positioning by consolidating Xingye’s influence in the company.
Far East Gold Ltd has reported a change in the substantial holding of its shares, with Xingye Gold (Hong Kong) Mining Company Limited increasing its holding from 14.43% to 19.99% through a new share issuance as per a Placement Agreement. This increase in equity stake could potentially strengthen Xingye Gold’s influence in Far East Gold Ltd, while the 12-month restriction on share disposal aligns with the strategic partnership between the two companies.
Far East Gold Limited has successfully secured the third tranche of funding from its strategic investor, Xingye Gold Hong Kong Mining Company Limited, totaling A$4,783,449.60. This takes Xingye’s total investment in the company to A$14,673,757.60, equating to a 19.99% strategic stake. This investment is pivotal for FEG as it plans to execute its exploration strategies for 2025, focusing on four potential Tier 1 assets, thereby enhancing its market positioning and asset value.