Labyrinth Resources Limited (AU:GG8)
ASX:GG8
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Labyrinth Resources Limited
(Sydney:GG8)
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Rating:48Neutral
Price Target:
AU$0.35
▲(2.06% Upside)
Action:ReiteratedDate:03/23/26
The score is held back primarily by pre-revenue financial performance with ongoing losses and cash burn, implying continued funding dependence. Technicals also weigh on the score due to a clear downtrend despite oversold readings. The balance sheet’s very low leverage provides some offsetting support.
Positive Factors
Very low financial leverage
Extremely low debt and a near-zero debt-to-equity ratio materially reduce solvency and interest-rate risk for an explorer. This durable strength widens strategic optionality, allowing the company to weather prolonged exploration cycles without fixed-cost debt pressures and preserve flexibility for project timing or transactions.
Negative Factors
Material negative cash flow
Sustained negative operating and free cash flow signals ongoing cash burn and/or high investment intensity. Over months this forces repeated external funding rounds or asset sales, increases dilution risk, and limits runway for exploration programs unless the company secures new capital or materially reduces spend.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low financial leverage
Extremely low debt and a near-zero debt-to-equity ratio materially reduce solvency and interest-rate risk for an explorer. This durable strength widens strategic optionality, allowing the company to weather prolonged exploration cycles without fixed-cost debt pressures and preserve flexibility for project timing or transactions.
Read all positive factors
Labyrinth Resources Limited (GG8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$249.10M
Dividend YieldN/A
Average Volume (3M)1.53M
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue GrowthN/A
EPS Growth72.45%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding732,653,100
10 Day Avg. Volume1,583,234
30 Day Avg. Volume1,534,050
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)2.01
Price to Sales (P/S)0.00
P/FCF Ratio-36.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.00Price Target Upside194.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Labyrinth Resources Limited Business Overview & Revenue Model
Company Description
Gorilla Gold Mines Ltd engages in the exploration and development of mineral properties in Australia. It explores for gold, lithium, rare earth elements, copper, tungsten, and nickel deposits. The company was formerly known as Labyrinth Resources ...
How the Company Makes Money
null...
Labyrinth Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 1.10M | 0.00 | 0.00 |
| Gross Profit | -82.98K | -47.08K | -96.89K | 190.45K | 0.00 | -7.30K |
| EBITDA | -4.73M | -3.13M | -3.49M | -5.85M | -6.89M | -3.80M |
| Net Income | -4.23M | -3.18M | -3.27M | -6.18M | -6.92M | -4.07M |
Balance Sheet | ||||||
| Total Assets | 124.40M | 95.96M | 25.21M | 25.86M | 27.17M | 9.87M |
| Cash, Cash Equivalents and Short-Term Investments | 37.23M | 25.11M | 287.07K | 418.16K | 2.36M | 4.59M |
| Total Debt | 111.98K | 140.29K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.09M | 4.91M | 20.18M | 19.17M | 16.30M | 2.12M |
| Stockholders Equity | 120.31M | 91.05M | 5.03M | 6.69M | 10.87M | 7.75M |
Cash Flow | ||||||
| Free Cash Flow | -23.60M | -5.07M | -1.60M | -4.09M | -10.56M | -1.06M |
| Operating Cash Flow | -2.41M | -1.64M | 264.03K | -573.33K | -2.54M | -1.06M |
| Investing Cash Flow | -50.61M | -18.97M | -1.14M | -2.11M | -7.68M | 3.97M |
| Financing Cash Flow | 80.95M | 45.44M | 1.47M | 1.52M | 7.99M | 246.51K |
Labyrinth Resources Limited Technical Analysis
Negative
0.34
Price Trends
0.42
Negative
0.44
Negative
0.43
Negative
Market Momentum
-0.03
Negative
42.10
Neutral
65.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GG8, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.42, and below the 200-day MA of 0.43, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.10 is Neutral, neither overbought nor oversold. The STOCH value of 65.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GG8.
Labyrinth Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$521.48M | 59.59 | 10.14% | ― | ― | ― | |
48 Neutral | AU$249.10M | -58.52 | -4.01% | ― | ― | 72.45% | |
45 Neutral | AU$417.89M | -12.61 | -78.03% | ― | ― | 20.69% | |
43 Neutral | AU$43.04M | -4.62 | -25.27% | ― | ― | ― | |
43 Neutral | AU$97.63M | -10.68 | -9.37% | ― | ― | ― |
* Basic Materials Sector Average
AU:GG8
Labyrinth Resources Limited
0.34
-0.10
-23.60%
AU:NMG
Ora Gold
0.05
0.03
200.00%
AU:JLL
Jindalee Resources Limited
0.42
0.16
61.54%
AU:ASL
Mitre Mining Corporation Limited
1.97
1.01
104.69%
AU:PTN
Kin Mining NL
0.07
<0.01
10.00%
AU:G11
Odin Metals Ltd
0.28
0.16
130.83%
Labyrinth Resources Limited Corporate Events
Gorilla Gold Mines Lists New Shares for Tenement Acquisition
Mar 18, 2026
Gorilla Gold Mines has applied for quotation on the ASX of 508,937 new fully paid ordinary shares under code GG8. The shares were issued on 17 March 2026 as consideration for the acquisition of a mining tenement, signalling continued expansion of ...
Gorilla Gold Mines Reaffirms High-Grade WA Resources in New Investor Presentation
Mar 18, 2026
Gorilla Gold Mines Ltd has released an investor presentation outlining its rapidly growing high-grade gold operations in Western Australia, highlighting Mineral Resource estimates for its Comet Vale, Mulwarrie, Vivien and Labyrinth projects. The c...
Gorilla Gold hits high-grade step-out at Mulwarrie, flags major growth potential
Mar 17, 2026
Gorilla Gold Mines has reported high-grade gold intersections from the first step-out drilling more than 700 metres beyond the existing 350,000-ounce mineral resource at its Mulwarrie Gold Project, signalling strong potential for substantial resou...
Gorilla Gold Mines Details Corporate Structure in Half-Year Report
Mar 6, 2026
Gorilla Gold Mines Ltd has released its half-year report for the period ended 31 December 2025, outlining its current corporate structure and key governance roles. The report details the company’s board of directors, executive leadership, au...
Gorilla Gold Mines Moves to Digital-First Access for April Extraordinary General Meeting
Mar 6, 2026
Gorilla Gold Mines Ltd has called an in-person Extraordinary General Meeting to be held in Perth on 7 April 2026, with the full notice and materials made available electronically via the company’s website and ASX announcements page. In line ...
Gorilla Gold Mines Issues 2 Million Shares Under Employee Incentive Scheme
Feb 25, 2026
Gorilla Gold Mines has issued 2,000,000 fully paid ordinary shares following the exercise of vested performance rights under its Employee Securities Incentive Scheme. The shares were issued without a prospectus under the Corporations Act provision...
Gorilla Gold Mines Seeks ASX Quotation for 2 Million New Shares
Feb 25, 2026
Gorilla Gold Mines has applied to the ASX for quotation of 2,000,000 new ordinary fully paid shares under its GG8 ticker. The new securities, issued on February 25, 2026, modestly expand the company’s listed share base and may support its fu...
Gorilla Gold Issues Corrected Drill Data for Comet Vale Program
Feb 23, 2026
Gorilla Gold Mines has issued an update to its earlier announcement on thick drilling intercepts at the Comet Vale project in Western Australia. The company has replaced the original technical drilling table with a revised version, detailing hole ...
Gorilla Gold Mines outlines aggressive high-grade drilling strategy in Tier-1 goldfields
Feb 9, 2026
Gorilla Gold Mines has released an investor presentation outlining its strategy of rapid value creation via aggressive drilling programs aimed at high-grade gold targets in top-tier goldfields. The company underscores that its existing mineral res...
Gorilla Gold Extends High-Grade Mineralisation as Multi-Rig Campaign Ramps Up in WA Goldfields
Jan 26, 2026
Gorilla Gold Mines has restarted a major multi-rig drilling campaign across its Mulwarrie and Comet Vale gold projects in Western Australia, reporting strong high-grade extensional assay results from late-2025 drilling at Mulwarrie that sit outsid...
Gorilla Gold Mines Performance Rights Lapse After Conditions Not Met
Jan 14, 2026
Gorilla Gold Mines Ltd has notified the ASX of the lapse of a total of 1,435,625 performance rights, comprising 1,300,000 securities under code GG8AD and 135,625 under code GG8AN, effective 31 December 2025. The rights lapsed because the condition...
Gorilla Gold Mines to Issue Over 1.18 Million Performance Rights Under Incentive Plan
Jan 14, 2026
Gorilla Gold Mines Ltd has notified the ASX of the planned issue of 1,187,088 unquoted performance rights under its employee incentive scheme, scheduled for 31 December 2025. The issuance is designed to reward and retain staff through equity-based...
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.