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Flynn Gold Ltd.
(Sydney:FG1)
Flynn Gold Ltd. (FG1) vs. S&P 500 (SPY)
Flynn Gold Ltd. Business Overview & Revenue Model
Flynn Gold Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.49K | 2.49K | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 2.49K | 2.49K | -34.90K | -30.61K | -287.00 | 0.00 | EBIT |
| -4.17M | -5.00M | -5.67M | -3.81M | -4.68M | -2.68M | EBITDA |
| -4.17M | -4.85M | -5.52M | -3.78M | -4.68M | 13.44M | Net Income Common Stockholders |
| -4.21M | -4.91M | -5.56M | -3.87M | -4.68M | -2.64M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 752.70K | 2.96M | 3.76M | 5.36M | 9.34M | 1.56M | Total Assets |
| 1.10M | 3.41M | 4.20M | 5.64M | 9.59M | 2.05M | Total Debt |
| 15.31K | 26.50K | 41.34K | 52.65K | 75.72K | 2.36M | Net Debt |
| -737.38K | -2.93M | -418.27K | -5.30M | -9.27M | 801.34K | Total Liabilities |
| 669.06K | 904.37K | 760.30K | 739.25K | 816.24K | 3.06M | Stockholders Equity |
| 433.49K | 2.50M | 3.44M | 4.90M | 8.77M | -1.01M |
| Cash Flow | Free Cash Flow | ||||
| -4.15M | -4.64M | -5.05M | -3.96M | -2.13M | ― | Operating Cash Flow |
| -4.14M | -4.63M | -4.99M | -3.95M | -2.12M | ― | Investing Cash Flow |
| -18.85K | -22.04K | -64.05K | -6.34K | -9.70K | 201.00 | Financing Cash Flow |
| 3.34M | 3.85M | 3.46M | -23.07K | 11.47M | 1.56M |
Flynn Gold Ltd. Technical Analysis
Flynn Gold Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $26.99B | 22.86 | 11.01% | 2.70% | 25.11% | 28.88% | |
78 Outperform | $2.96B | 8.19 | 26.42% | 3.01% | 54.37% | 310.22% | |
75 Outperform | $16.15B | 22.65 | 16.97% | 1.55% | 60.56% | 302.20% | |
73 Outperform | C$4.64B | 8.63 | 22.80% | 1.89% | 12.24% | 14.88% | |
50 Neutral | $1.98B | -1.08 | -21.29% | 3.61% | 1.96% | -30.59% | |
35 Underperform | AU$9.78M | ― | -515.93% | ― | ― | 47.37% |
Flynn Gold Ltd. Corporate Events
Flynn Gold Ltd. has initiated a Phase 4 diamond drilling program at its Golden Ridge Project in Tasmania, targeting significant extensions and new quartz vein systems, with assays pending. Additionally, the company has confirmed highly anomalous silver-lead-zinc mineralization at the Henty Project, planning to accelerate exploration activities. A successful $2.6 million share placement will fund these exploration efforts and support general working capital, enhancing the company’s operational capabilities and positioning in the mining sector.
Flynn Gold Limited has issued 70,095,200 fully paid ordinary shares to new and existing professional, sophisticated, and other exempt investors at an issue price of $0.02 per share. This move, announced previously in February 2025, aims to strengthen the company’s capital structure and support its ongoing exploration projects. The issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Act. This strategic financial maneuver is expected to bolster Flynn Gold’s operational capabilities and enhance its position in the mineral exploration industry.
Flynn Gold Ltd. has announced the issuance of 65,500,000 unquoted options, set to expire on April 23, 2028, with an exercise price of $0.04. This move is part of a previously announced transaction and reflects the company’s strategic efforts to bolster its financial position and resource development capabilities, potentially impacting its market valuation and stakeholder interests.
Flynn Gold Ltd. has announced the quotation of 70,095,200 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of April 24, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market operations by increasing its liquidity and investor base, thereby strengthening its position in the mining industry.
Flynn Gold Ltd. has announced significant progress in its exploration activities at the Golden Ridge Project in Northeast Tasmania. The company has identified a promising new gold target at the Double Event Prospect, with rock chip samples showing high gold grades, and plans to conduct further trenching. Additionally, a new quartz vein system has been discovered at the Grenadier Prospect, with drilling planned to explore its potential. These developments are part of Flynn’s ongoing efforts to expand its gold resources, potentially enhancing its market position and offering promising opportunities for stakeholders.
Flynn Gold Ltd. held an Extraordinary General Meeting where several resolutions were passed, including the ratification of share issues and the approval of options as part of their placement strategy. These resolutions indicate the company’s efforts to strengthen its financial position and expand its shareholder base, which could enhance its market presence and operational capabilities.
Flynn Gold Ltd. has resumed its diamond drilling activities at the Golden Ridge Project in Northeast Tasmania, targeting high-grade gold zones at the Trafalgar and Trafalgar North prospects. This Phase 4 drilling program aims to upgrade exploration targets to inferred resources, bolstered by recent successful funding and favorable gold market conditions, which could enhance the company’s position in the gold exploration sector.
Flynn Gold Limited has announced an Extraordinary General Meeting (EGM) scheduled for April 16, 2025, to be held virtually. Shareholders are encouraged to register in advance and submit proxies early. The meeting will allow shareholders to ask questions and vote on resolutions, reflecting the company’s commitment to engaging with its stakeholders and ensuring transparent decision-making processes.
Flynn Gold Limited has released its half-year financial report for the period ending December 31, 2024. The report includes key financial statements such as the condensed consolidated statement of profit or loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months.
Flynn Gold Ltd. has announced a proposed issue of securities, including 65 million options and 130 million ordinary shares, with the options exercisable at $0.04 and expiring 36 months from the date of issue. This move is aimed at raising capital to support the company’s growth and exploration activities, potentially enhancing its market position and providing opportunities for stakeholders.
Flynn Gold Ltd. has successfully raised $2.6 million through a two-tranche placement, receiving strong support from institutional and sophisticated investors. The funds will be used to accelerate exploration and drilling at the Golden Ridge Project, continue exploration on the Henty Silver-Lead Project, and for general working capital, enhancing the company’s operational capabilities and market positioning.
Flynn Gold Limited has requested a trading halt on its securities on the Australian Securities Exchange to prepare for a significant market announcement regarding a capital raising. This move is intended to ensure the company meets its continuous disclosure obligations, with the halt expected to last until the announcement is made or normal trading resumes on 27 February 2025. The capital raising is likely to impact Flynn Gold’s operations by providing additional funds for exploration and development, potentially strengthening its position in the gold mining industry.
Flynn Gold Ltd. has announced significant progress in its exploration activities at the Golden Ridge Project in Northeast Tasmania, highlighting promising results from their ongoing soil sampling campaign. The company has expanded the gold-in-soil anomaly at the Grenadier prospect to cover over 1 kilometer by 800 meters, indicating substantial scale potential. Additionally, a new gold anomaly has been identified 900 meters north of Grenadier, with further confirmation expected. These developments are set to enhance the company’s understanding of the mineralized system, positioning Flynn Gold favorably for future exploration and drilling programs, which could impact its industry standing and stakeholder interests positively.
Flynn Gold Limited has announced promising results from their first pass reconnaissance rock chip sampling at the Henty Project, revealing high-grade silver, lead, and zinc mineralization. This development positions Flynn Gold to capitalize on the rich mining history of the Zeehan area in Tasmania, with plans underway to accelerate exploration and initiate drilling at key prospects, potentially leading to new discoveries and enhancing the company’s operational and market position.
Flynn Gold Ltd. presented information regarding its ongoing exploration activities in Tasmania at the RIU Explorers Conference. The presentation highlighted the company’s focus on high-grade gold and silver exploration, which is crucial for its strategic positioning within the mining sector. The announcement underscores Flynn Gold’s commitment to advancing its exploration projects, potentially impacting its operational dynamics and market perception.