Golden Cross Resources Ltd (GCR) AI Stock Analysis

• Market Cap: AU$2.19M
• Dividend Yield: N/A
• Average Volume (3M): 16.89K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.73
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 70
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 1,097,256,100
• 10 Day Avg. Volume: 16,894
• 30 Day Avg. Volume: 16,894
• PEG Ratio: 0.29
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.58
• 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

• Rating: 38 Underperform
• 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 Business Overview & Revenue Model

Company Description

Golden 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 Money

Golden 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

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

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

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.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-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 Assets	13.26M	13.14M	13.05M	14.26M	12.66M	12.54M
Cash, Cash Equivalents and Short-Term Investments	104.00K	18.00K	56.00K	1.49M	50.00K	68.00K
Total Debt	8.51M	7.96M	7.01M	6.96M	5.32M	4.46M
Total Liabilities	9.12M	8.39M	7.11M	7.06M	5.61M	4.61M
Stockholders Equity	4.13M	4.75M	5.94M	7.20M	7.05M	7.94M
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 Flow	276.19K	444.00K	-501.00K	2.56M	386.00K	880.00K

Golden Cross Resources Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	77 Outperform	$2.76B	7.80	26.42%	3.86%	54.37%	310.22%
CMM	73 Outperform	AU$4.05B	47.40	18.02%	―	6.31%	301.01%
HAV	64 Neutral	AU$62.76M	18.00	6.01%	―	8.70%	11.11%
Sector *	43 Neutral	AU$1.42B	-6.13	-40.62%	4.05%	-4.78%	-42.91%
GCR	38 Underperform	AU$2.19M	―	-24.87%	―	―	―

Golden Cross Resources Ltd Corporate Events

Golden Cross Completes Geochemical Sampling at Copper Hill

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

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

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

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

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

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.