Golden Mile Resources Ltd. (G88) AI Stock Analysis

• Market Cap: AU$4.41M
• Dividend Yield: N/A
• Average Volume (3M): 1.35M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: N/A
• EPS Growth: -58.49%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 629,385,000
• 10 Day Avg. Volume: 2,364,179
• 30 Day Avg. Volume: 1,349,471
• PEG Ratio: -0.01
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.35
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: AU$0.01 ▲(0.00% Upside)

The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and persistent cash burn), despite the benefit of having no debt. Valuation is also pressured by a negative P/E driven by losses and no dividend data. Technical signals are neutral due to missing indicator inputs.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet provides financial flexibility and reduces risk, allowing the company to focus on exploration and development without the burden of interest payments.

Exploration Success

Successful exploration results enhance the company's potential for future resource development, which can lead to increased asset value and long-term growth opportunities.

Strategic Financial Moves

Strategic financial actions, like issuing options, can strengthen the company's financial position, enabling it to fund exploration activities and improve market positioning.

Negative Factors

Pre-Revenue Status

Being pre-revenue with widening losses indicates the company is not yet generating income from its operations, which can strain cash flow and necessitate external funding.

Cash Burn

Persistent cash burn without revenue generation increases reliance on external funding, which can dilute existing shareholders and limit financial sustainability.

Declining Equity

A decline in equity and assets reflects financial strain and ongoing losses, potentially impacting the company's ability to invest in future growth and exploration activities.

Golden Mile Resources Ltd. Business Overview & Revenue Model

Company Description

Golden Mile Resources Limited engages in the acquisition, exploration, and development of mineral properties in Western Australia. The company explores for gold, nickel, cobalt, copper, zinc, platinum group elements, lithium, and lead deposits. Golden Mile Resources Limited was incorporated in 2016 and is based in West Perth, Australia.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	8.88K	381.00	0.00
Gross Profit	0.00	0.00	0.00	8.88K	381.00	0.00
EBITDA	-2.07M	-2.07M	-1.28M	-1.39M	-1.03M	-1.23M
Net Income	-4.01M	-4.01M	-1.55M	-1.39M	-1.03M	-1.23M
Balance Sheet
Total Assets	3.98M	3.98M	6.40M	6.98M	5.14M	2.95M
Cash, Cash Equivalents and Short-Term Investments	587.59K	587.59K	1.06M	2.36M	1.96M	966.86K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	422.88K	422.88K	164.60K	398.61K	320.99K	215.85K
Stockholders Equity	3.56M	3.56M	6.23M	6.58M	4.82M	2.73M
Cash Flow
Free Cash Flow	-2.03M	-2.03M	-2.70M	-2.51M	-1.97M	-2.04M
Operating Cash Flow	-1.80M	-1.80M	-1.20M	-975.74K	-844.48K	-782.08K
Investing Cash Flow	122.62K	122.62K	-1.12M	-1.54M	-1.12M	-1.26M
Financing Cash Flow	1.22M	1.22M	1.02M	2.91M	2.96M	2.39M

Golden Mile Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CHR	52 Neutral	AU$13.94M	-5.91	-18.01%	―	―	20.70%
GRE	52 Neutral	AU$22.07M	-1.21	-80.21%	―	―	-69.98%
SVY	51 Neutral	AU$13.70M	-2.47	-56.10%	―	―	44.90%
YAR	46 Neutral	AU$7.56M	-1.43	-159.50%	―	―	―
MTL	44 Neutral	AU$7.23M	―	―	―	―	50.00%
G88	43 Neutral	AU$4.41M	-1.19	-81.85%	―	―	-58.49%

Golden Mile Resources Ltd. Corporate Events

Golden Mile Resources Issues 16 Million Unquoted Options

Golden Mile Resources Ltd has announced the issuance of 16,000,000 unquoted options, set to expire on December 19, 2027, as part of a previously announced transaction. This move is part of the company’s strategic efforts to strengthen its financial position and enhance its operational capabilities, potentially impacting its market positioning and offering new opportunities for stakeholders.

Golden Mile Resources Director Increases Stake Through Private Placement

Golden Mile Resources Ltd. announced a change in the director’s interest, with Grant Button acquiring additional shares and options through a private placement. This move, approved by shareholders, increases Button’s stake in the company, potentially strengthening his influence and aligning his interests with those of the company, which could impact the company’s strategic direction and investor confidence.

Golden Mile Resources Issues 3.5 Million Shares Under Regulatory Exemption

Golden Mile Resources Ltd has announced the issuance of 3,500,000 ordinary shares, effective December 3, 2025. This issuance is conducted without disclosure under the Corporations Act 2001, utilizing an exemption that allows the on-sale of these securities. The announcement indicates compliance with relevant legal provisions, ensuring transparency and regulatory adherence, which may positively impact the company’s market operations and investor confidence.

Golden Mile Resources Issues Unquoted Options

Golden Mile Resources Ltd has announced the issuance of 42,568,589 unquoted options with an exercise price of $0.01, set to expire on December 19, 2027. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and stakeholder interests.

Golden Mile Resources Ltd AGM Resolutions Passed Successfully

Golden Mile Resources Ltd announced the successful passing of all resolutions at its Annual General Meeting held on 25 November 2025. The resolutions included the adoption of the remuneration report, re-election of a director, and approvals for various share and securities issuances, indicating strong shareholder support and strategic positioning for future growth.

Golden Mile Resources Ltd Announces Director Departure

Golden Mile Resources Ltd has announced the cessation of Damon Dormer as a director, effective November 18, 2025. This change in the board of directors could impact the company’s strategic direction and stakeholder interests, as Dormer held significant securities and options, indicating a substantial involvement in the company’s operations.

Golden Mile Resources Reports Promising Exploration Results and Strengthens Financial Position

Golden Mile Resources Limited reported promising results from its Pearl Copper Project in Arizona, with high-grade gold assays from the Aurora Gold Prospect, indicating significant potential for further exploration. The company also completed a successful capital raise, strengthening its financial position to support ongoing and future exploration activities.

Golden Mile Resources Announces 2025 Annual General Meeting Details

Golden Mile Resources Ltd has announced the details of its 2025 Annual General Meeting, which will be held on November 25, 2025, in Melbourne. The meeting is crucial for shareholders as it affects their shareholding, and they are encouraged to vote either in person or by proxy. The company emphasizes the importance of shareholder participation in the meeting, which will address key resolutions and provide insights into the company’s future direction.

Golden Mile Resources Expands Exploration at Aurora Gold Prospect

Golden Mile Resources Ltd. has announced the next phase of exploration at the Aurora Gold Prospect, part of its Pearl Copper Project in Arizona, USA. This phase includes detailed structural geological mapping, geochemical soil sampling, and additional rock-chip sampling to refine gold targets for an upcoming drilling program. The initiative aims to delineate the scale of mineralization and define drill targets, positioning Aurora as a high-priority prospect. The appointment of Thomas Knoch as Technical Adviser underscores the company’s commitment to advancing this project, which has shown promising results from early reconnaissance work.