Golden Mile Resources Ltd. (G88) AI Stock Analysis

• Market Cap: AU$6.53M
• Dividend Yield: N/A
• Average Volume (3M): 1.38M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: N/A
• EPS Growth: 30.16%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 544,247,860
• 10 Day Avg. Volume: 2,143,888
• 30 Day Avg. Volume: 1,380,445
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Golden Mile Resources Ltd. is hindered by significant financial challenges, including persistent losses and cash flow issues, which weigh heavily on its stock score. The lack of technical momentum and negative valuation metrics further contribute to a low overall score. The company's strong equity position is a positive note, but its inability to generate revenue and improve operational efficiency is a critical concern.

Golden Mile Resources Ltd. Business Overview & Revenue Model

Company Description

Golden Mile Resources Ltd. (G88) is an exploration and development company primarily engaged in the mining sector. The company focuses on the discovery and development of mineral resources, with a particular emphasis on gold and other precious metals. Golden Mile Resources operates various exploration projects across Australia, leveraging its expertise to identify and develop high-value mineral deposits.

How the Company Makes Money

Golden Mile Resources Ltd. generates revenue primarily through the exploration and development of mineral resources. The company identifies potential mining sites and conducts exploration activities to assess the viability of mineral deposits. Once viable deposits are confirmed, Golden Mile Resources may either develop these sites into operational mines or partner with larger mining companies to bring the projects to production. Revenue is generated through the sale of extracted minerals, including gold and other valuable metals, or through joint venture arrangements and royalty agreements with other mining operators. The company's earnings are significantly influenced by factors such as mineral prices, exploration success, and strategic partnerships within the mining industry.

Golden Mile Resources Ltd. Financial Statement Overview

Summary

Golden Mile Resources Ltd. faces significant financial challenges, characterized by persistent losses and lack of revenue growth. Despite a strong equity position and absence of debt, the company struggles with cash flow management and operational efficiency, which are crucial for future sustainability and growth.

Income Statement

Golden Mile Resources Ltd. has struggled with revenue generation, showing no revenue in the latest year. The net profit margin is negative due to persistent net losses, reflecting ongoing unprofitability. EBIT and EBITDA margins are also negative, indicating operational challenges and inefficiencies.

Balance Sheet

The company maintains a strong equity position with a debt-free balance sheet, which is a positive indicator of financial stability. However, the return on equity is negative due to net losses, and the equity ratio is robust, emphasizing financial resilience despite operational losses.

Cash Flow

Golden Mile Resources Ltd. exhibits negative free cash flow and operating cash flow, highlighting cash management issues. The operating cash flow to net income ratio suggests operational inefficiencies. Free cash flow remains negative, impacting liquidity and financial flexibility adversely.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	8.88K	381.00	0.00	0.00
	Gross Profit
0.00	8.88K	381.00	0.00	0.00
	EBIT
-1.30M	-1.34M	-836.54K	-1.11M	-710.36K
	EBITDA
-1.28M	-1.40M	-836.54K	-1.11M	-710.36K
	Net Income Common Stockholders
-1.55M	-1.39M	-1.03M	-1.23M	-4.44M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.06M	2.36M	1.96M	966.86K	624.73K
	Total Assets
6.40M	6.98M	5.14M	2.95M	1.30M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.06M	-2.36M	-1.96M	-966.86K	-624.73K
	Total Liabilities
164.60K	398.61K	320.99K	215.85K	41.30K
	Stockholders Equity
6.23M	6.58M	4.82M	2.73M	1.26M
Cash Flow		Free Cash Flow
-2.70M	-2.51M	-1.97M	-2.04M	-1.55M
	Operating Cash Flow
-1.20M	-975.74K	-844.48K	-782.08K	-746.93K
	Investing Cash Flow
-1.12M	-1.54M	-1.12M	-1.26M	-757.32K
	Financing Cash Flow
1.02M	2.91M	2.96M	2.39M	1.00M

Golden Mile Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOR	76 Outperform	$3.57B	24.66	13.42%	0.63%	11.93%	22.74%
CYL	75 Outperform	AU$1.32B	17.63	35.27%	―	148.01%	―
Sector *	49 Neutral	$1.94B	-1.23	-21.28%	3.73%	1.19%	-29.73%
MEU	35 Underperform	AU$50.67M	―	-2.31%	―	―	-33.33%
G88	28 Underperform	AU$6.53M	―	-31.24%	―	―	30.16%

Golden Mile Resources Ltd. Corporate Events

Golden Mile Resources Begins Drilling at Pearl Copper Project in Arizona

Golden Mile Resources Limited has commenced its first-ever drilling program at the Pearl Copper Project in Arizona, targeting the Odyssey and Ford Prospects with 14-16 reverse circulation holes. This initiative aligns with the US government’s push to secure critical minerals, particularly copper, and could potentially lead to significant discoveries, enhancing the company’s position in the market.

Golden Mile Resources Initiates Drilling and Discovers High-Grade Gold at Pearl Copper Project

Golden Mile Resources Ltd. announced its quarterly activities report, highlighting the initiation of a maiden drill program at the Pearl Copper Project in Arizona, targeting the Odyssey and Ford Prospects. The company also reported significant gold findings at the newly identified Aurora Prospect, with rock chip samples showing high gold and silver grades. This development could enhance Golden Mile’s operational scope and strengthen its position in the competitive mining sector.

Golden Mile Resources to Begin Maiden Drilling at Pearl Copper Project

Golden Mile Resources Ltd. has received all necessary permits to commence its maiden drilling program at the Pearl Copper Project in Arizona, USA. The drilling will target the Odyssey and Ford Prospects, known for historical high-grade copper production. This marks the company’s first drilling campaign at the site, aiming to explore the potential of these prospects. The program will include 14 to 16 reverse circulation holes, totaling up to 1,800 meters, and is set to begin shortly after the mobilization of the new drilling contractor, Harris Drilling and Associates Inc.

Golden Mile Resources Director Increases Stake

Golden Mile Resources Limited has announced a change in the director’s interest, specifically involving Damon Dormer, who has acquired 2,000,000 ordinary shares at $0.008 per share through NADDA SUPER PTY LTD. This acquisition reflects a strategic move to strengthen the director’s stake in the company, potentially impacting the company’s governance and aligning the director’s interests with those of the shareholders.

Golden Mile Resources Releases Half-Year Financial Report

Golden Mile Resources Limited has released its financial report for the half-year ending December 31, 2024. The report includes a comprehensive review of operations, financial statements, and auditor’s declarations. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which could impact future strategic decisions and market positioning.

Golden Mile Resources Issues New Shares Under Section 708A Exemption

Golden Mile Resources Ltd has issued 16,900,000 ordinary shares, which are now exempt from on-sale restrictions under Section 708A (5) of the Corporations Act 2001. This strategic move is part of the company’s broader efforts to enhance its capital structure and operational flexibility, potentially impacting its market positioning and offering new opportunities for stakeholders.

Golden Mile Resources Ltd Announces Quotation of New Securities on ASX

Golden Mile Resources Ltd has announced the quotation of 16,900,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code G88, effective from February 27, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market liquidity and investor interest, thereby strengthening its position in the mining sector.

Golden Mile Resources Ltd Initiates Maiden Drilling at Pearl Copper Project

Golden Mile Resources Ltd has awarded a drilling contract to Alford Drilling for its maiden drilling program at the Pearl Copper Project in Arizona. This program marks the first drilling at the Odyssey and Ford targets, which are based on historic mine workings with notable grades. The commencement of drilling is contingent on the receipt of pending permits, which are expected shortly, highlighting the company’s proactive steps in project development and permitting processes.

Golden Mile Resources Issues 31 Million Shares Under Section 708A(5)

Golden Mile Resources Ltd announced the issuance of 31,125,000 ordinary shares, taking advantage of the exemptions in Section 708A(5) of the Corporations Act 2001. This move allows the company to issue shares without disclosure to investors, potentially impacting its market liquidity and shareholder base.

Golden Mile Resources Expands with New Securities Quotation

Golden Mile Resources Ltd announced the quotation of 31,125,000 new ordinary fully paid securities on the Australian Securities Exchange. This move is part of a previously announced transaction, which could potentially enhance the company’s capital structure and provide additional resources for its exploration activities, thereby impacting its positioning in the mining industry.