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Golden Cross Resources Ltd (AU:GCR)
:GCR

Golden Cross Resources Ltd (GCR) AI Stock Analysis

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Golden Cross Resources Ltd

(Frankfurt:GCR)

Rating:38Underperform
Price Target:
Golden Cross Resources Ltd is struggling financially, with persistent losses, negative cash flows, and operational inefficiencies being major concerns. While the balance sheet shows moderate debt, the declining equity and reliance on external financing pose significant risks. The current technical indicators show stable but uninspiring price movements, and the negative P/E ratio reflects the company's underlying financial difficulties, resulting in a low overall stock score.

Golden Cross Resources Ltd (GCR) vs. iShares MSCI Australia ETF (EWA)

Golden Cross Resources Ltd Business Overview & Revenue Model

Company DescriptionGolden Cross Resources Ltd (GCR) is an Australian-based mineral exploration company focused on the discovery and development of gold and other precious metal deposits. The company operates primarily within the mining sector, leveraging its exploration expertise to identify promising mineral resources. GCR is engaged in exploring and evaluating its portfolio of mining tenements located in various geologically prospective regions.
How the Company Makes MoneyGolden Cross Resources Ltd makes money through the exploration and potential development of mineral resources, primarily focusing on gold deposits. The company's revenue model is based on identifying and evaluating mineral deposits that can be developed into mining operations. Key revenue streams include the sale or joint venture of mineral rights, exploration partnerships, and potential future income from producing mines. The company's earnings are significantly influenced by its ability to discover economically viable mineral deposits and secure strategic partnerships with larger mining companies or investors to advance their projects towards production.

Golden Cross Resources Ltd Financial Statement Overview

Summary
Golden Cross Resources Ltd faces significant financial challenges, characterized by persistent losses and negative cash flows. The lack of revenue generation and increasing operational costs are major concerns. While the balance sheet shows moderate debt levels, declining equity and assets suggest potential future liquidity issues. The reliance on external financing further underscores the company's risky financial position.
Income Statement
25
Negative
Golden Cross Resources Ltd has reported no revenue over the past years, indicating potential challenges in monetizing its operations. The consistent negative EBIT and net income reflect ongoing profitability issues, with growing losses year-over-year. The absence of positive margins suggests significant operational inefficiencies or high fixed costs.
Balance Sheet
40
Negative
The company's balance sheet shows a manageable level of debt relative to equity, with a debt-to-equity ratio slightly increasing over time. The equity ratio remains moderate, indicating some level of financial stability. However, declining stockholders' equity and a shrinking asset base could pose future risks.
Cash Flow
30
Negative
Operating cash flow has been consistently negative, highlighting cash management issues. Free cash flow remains negative, although there was some improvement in the latest year. The company relies on external financing, as shown by positive financing cash flow, which may not be sustainable long-term.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit0.00-14.00K-42.00K-42.00K-73.00K-5.00K
EBITDA-593.00K-566.00K-706.00K-736.00K-552.00K-668.00K
Net Income-1.17M-1.19M-1.26M-1.28M-889.00K-989.00K
Balance Sheet
Total Assets13.26M13.14M13.05M14.26M12.66M12.54M
Cash, Cash Equivalents and Short-Term Investments104.00K18.00K56.00K1.49M50.00K68.00K
Total Debt8.51M7.96M7.01M6.96M5.32M4.46M
Total Liabilities9.12M8.39M7.11M7.06M5.61M4.61M
Stockholders Equity4.13M4.75M5.94M7.20M7.05M7.94M
Cash Flow
Free Cash Flow-56.17K-482.00K-935.00K-1.12M-501.00K-947.00K
Operating Cash Flow-56.04K-230.00K-576.00K-765.00K-294.00K-517.00K
Investing Cash Flow-134.14K-252.00K-359.00K-356.00K-109.00K-392.00K
Financing Cash Flow276.19K444.00K-501.00K2.56M386.00K880.00K

Golden Cross Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURMS
77
Outperform
$2.76B7.8026.42%3.86%54.37%310.22%
AUCMM
73
Outperform
AU$4.05B47.4018.02%6.31%301.01%
AUHAV
64
Neutral
AU$62.76M18.006.01%8.70%11.11%
43
Neutral
AU$1.42B-6.13-40.62%4.05%-4.78%-42.91%
AUGCR
38
Underperform
AU$2.19M-24.87%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:GCR
Golden Cross Resources Ltd
0.01
0.00
0.00%
AU:RMS
Ramelius Resources Limited
2.38
0.51
27.07%
AU:HAV
Havilah Resources Limited
0.18
-0.02
-10.00%
AU:CMM
Capricorn Metals Ltd
9.39
4.19
80.58%

Golden Cross Resources Ltd Corporate Events

Golden Cross Completes Geochemical Sampling at Copper Hill
Apr 28, 2025

Golden Cross Resources Ltd has completed surface geochemistry sampling at its Copper Hill project in New South Wales, covering 261 sites. This initiative aims to enhance the understanding of mineralization in the area by integrating new data with previous results, potentially improving exploration targeting and future development infrastructure.

Golden Cross Resources Advances Exploration at Copper Hill Project
Apr 17, 2025

Golden Cross Resources Ltd has conducted a field gravity survey and geochemical sampling at its Copper Hill copper-gold porphyry project in New South Wales, aiming to enhance the financial outcomes of this flagship project. The project is strategically located in a region with heightened interest in gold and copper, and the company’s efforts may strengthen its position in the industry by targeting further resource exploration and development.

Golden Cross Resources Advances Geochemical Sampling at Copper Hill
Mar 20, 2025

Golden Cross Resources Ltd has announced progress in their surface geochemistry efforts at the Copper Hill project in New South Wales. The company has completed approximately 70% of the planned infill and extension soil sampling over the EL6391 tenement, following a recent gravity survey. This initiative aims to improve anomaly detection in several key areas, including zones with potential copper, gold, and silver deposits. The completion of this sampling is expected to enhance the company’s understanding of the mineral potential in these areas, potentially impacting future exploration and development strategies.

Golden Cross Resources Completes Copper Hill Gravity Survey
Mar 19, 2025

Golden Cross Resources Ltd has completed a gravity survey over the Copper Hill Tenement EL6391 in Central NSW, which is known for its porphyry copper-gold mineralization. The survey aimed to enhance the company’s geophysical data, aiding in the identification of favorable structural locations for mineral accumulation. The data collected will supplement previous exploration programs and potentially support new technologies like Ambient Noise Tomography. The survey involved cooperation with landholders and was conducted efficiently, with preliminary data already being analyzed to guide future exploration efforts.

Golden Cross Completes Geophysical Survey at Copper Hill
Feb 18, 2025

Golden Cross Resources Ltd has successfully completed a geophysical gravity survey at its Copper Hill project site near Molong, New South Wales. The survey, aimed at enhancing the company’s exploration data, covered 577 stations and may lead to further infill surveys. This development is expected to bolster GCR’s exploration efforts by providing valuable data to support future technologies such as Ambient Noise Tomography, which could enhance the company’s positioning within the mining industry.

Golden Cross Resources Launches New Gravity Surveys at Copper Hill
Feb 13, 2025

Golden Cross Resources Ltd has commenced detailed gravity surveys at its Copper Hill project site in NSW, aiming to map subsurface structures and intrusive bodies. This initiative is part of its ongoing exploration strategy, and the data gathered will complement previous studies, potentially enhancing the company’s resource estimates and competitive positioning in the mineral exploration sector.

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: Apr 08, 2025