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Gold Mountain Limited
(Sydney:GMN)
Gold Mountain Limited (GMN) vs. iShares MSCI Australia ETF (EWA)
Gold Mountain Limited Business Overview & Revenue Model
Gold Mountain Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.92K | 76.92K | 38.01K | 0.00 | 127.93K | 788.12K |
| Gross Profit | 55.93K | 76.92K | 38.01K | -57.99K | -12.27K | 576.95K |
| EBITDA | -1.44M | -1.43M | -3.94M | -10.15M | -17.93M | -1.18M |
| Net Income | -8.82M | -8.82M | -3.95M | -10.21M | -18.07M | -1.39M |
Balance Sheet | ||||||
| Total Assets | 12.76M | 12.76M | 15.86M | 11.38M | 16.02M | 29.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 1.49M | 865.50K | 1.30M | 660.52K | 780.28K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 44.22K |
| Total Liabilities | 365.43K | 365.43K | 183.55K | 263.89K | 325.43K | 1.36M |
| Stockholders Equity | 12.43M | 12.43M | 15.67M | 11.11M | 15.70M | 27.74M |
Cash Flow | ||||||
| Free Cash Flow | -1.42M | -1.42M | -1.53M | -3.07M | -6.33M | -4.97M |
| Operating Cash Flow | -1.41M | -1.41M | -1.52M | -1.08M | -2.21M | -1.39M |
| Investing Cash Flow | -3.61M | -3.61M | -3.83M | -1.98M | -4.08M | -3.80M |
| Financing Cash Flow | 5.64M | 5.64M | 4.92M | 3.71M | 6.17M | 4.13M |
Gold Mountain Limited Peers Comparison
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% | |
57 Neutral | AU$8.26M | 160.00 | 0.33% | ― | ― | ― | |
52 Neutral | AU$12.47M | -9.09 | -10.51% | ― | ― | 15.38% | |
50 Neutral | AU$13.46M | -0.78 | -62.79% | ― | ― | -40.85% | |
50 Neutral | AU$11.00M | -1.67 | ― | ― | ― | ― | |
46 Neutral | AU$22.92M | -3.06 | -60.89% | ― | ― | 77.62% | |
44 Neutral | AU$6.37M | -3.52 | ― | ― | ― | -237.50% |
Gold Mountain Limited Corporate Events
Gold Mountain Limited has appointed veteran metallurgist Gavin Beer as Rare Earth Elements Expert Advisor to its board, bringing more than 35 years of global experience in metallurgical, mineral and chemical processing, including a 15-year focus on critical metals such as rare earths and lithium. As founder of specialist consultancy Met-Chem Consulting, which has advised over 30 rare earth companies and has deep expertise in ionic adsorption clay deposits across Australia, Chile and Brazil, Beer is expected to materially enhance Gold Mountain’s technical capability as it advances exploration, metallurgical evaluation and development of its Brazilian rare earth portfolio, supporting the company’s ambition to become a significant player in the global critical minerals supply chain.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited reported a pivotal December 2025 quarter marked by strong exploration progress in Brazil, particularly across its rare earths and lithium projects. At the Irajuba Rare Earths Prospect, the company converted a conceptual exploration target into a drill-confirmed mineral system, with diamond drilling intersecting thick, laterally continuous saprolite-hosted rare earth mineralisation and a high proportion of magnet rare earth oxides, enhancing the project’s appeal and supporting its progression toward resource definition. In parallel, at the Salinas South Lithium Prospect, regional stream sediment sampling and mapping outlined kilometre-scale lithium anomaly corridors up to 12 km long along predicted structural and granite-margin controls, with anomalies coincident with artisanal workings, indicating the presence of lithium-bearing pegmatite systems akin to deposits in Brazil’s Lithium Valley. Together, these results demonstrate Gold Mountain’s growing technical credibility and its ability to rapidly advance multiple large-scale mineral systems, strengthening its portfolio and positioning the company for the next phase of drilling and potential resource growth.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited has reported assay results from 89 samples across 12 drill holes at its Down Under Project’s Irajuba prospect in Brazil, confirming extensions to known rare earth mineralisation at the IR-5 and IR-7 target areas. The drilling returned high Magnet Rare Earth Oxide to Total Rare Earth Oxide ratios of up to 52.1%, including a best intersection of 4 metres grading 1,603 ppm TREO with 44.8% MREO/TREO from shallow depths, and suggests potential for significant grades at depth despite auger drilling being limited by hard ground. Interpretation using the Chemical Index of Alteration indicates that drilling has yet to test the full thickness of the saprolite ore zone, while the IR-5 section has now been extended about one kilometre to the west and IR-7 remains open with halo mineralisation indicating untested potential. In response, Gold Mountain is continuing diamond drilling at the Irajuba-1 (IR-1) area, has initiated permitting for resource drilling at IR-2 and IR-5, and plans to extend the resource drilling program to IR-7 and surrounding areas, aiming to delineate a larger rare earth resource and strengthen its position in the critical minerals sector.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited reported strong initial exploration results from its Araxá Project in eastern Brazil, where assays from 185 regional stream sediment samples have confirmed the presence of carbonatite systems associated with substantial multi-element anomalies. The data reveal large niobium and clustered total rare earth oxide anomalies that align with magnetic and structural features, indicating significant potential for niobium, rare earth elements and phosphate. The company plans to expand systematic sampling across unsampled tenement areas, undertake follow-up drainage work to refine and close off target zones, negotiate land access for drilling and seek environmental approval from local authorities, positioning Araxá as a potentially important source of strategic minerals amid rising global demand.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited has signed a binding agreement to sell its Papua New Guinea exploration licences to Golden Crane Mining Limited, an unrelated party, for $2 million, structured through a refundable-in-part deposit, a further payment following due diligence and the balance at completion. The transaction, which is subject to customary conditions including due diligence and third-party approvals within a set timeline, will allow Gold Mountain to redeploy capital into its Brazilian exploration projects and support working capital, reinforcing the company’s strategic shift toward its growing rare earth, niobium, lithium, and base metals portfolio in Brazil.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited has reported new assay results from 11 diamond drill holes at the IR-1 target within its Irajuba rare earths prospect in Brazil, with best intersections including 39 metres at 2,002 ppm total rare earth oxides (TREO) and a high proportion of magnet rare earth oxides (MREO). The drilling, conducted 100–750 metres south of the previously defined exploration target, has successfully extended the known mineralised zone into cleared grazing land, confirming thick intervals of good-grade saprolite and saprock-hosted rare earth mineralisation and reinforcing the project’s potential scale and strategic relevance in the growing market for magnet rare earths.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited has released an investor presentation outlining its roadmap to becoming a rare earth elements producer, detailing its exploration plans and the technical basis for its reporting under the JORC Code. The company emphasises that the presentation is informational only, subject to change, and not an offer of securities, while highlighting standard exploration and development risks and clarifying that references to nearby tenements or other companies are purely contextual and not indicative of guaranteed outcomes for its own projects.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited has announced that 400,000 listed options (ASX code GMNAT), exercisable at $7.30 and expiring on 31 December 2025, have lapsed without being exercised. The expiry removes these options from the company’s issued capital structure, marginally simplifying its securities on issue but without any immediate capital inflow from option conversion for the company or its shareholders.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.
Gold Mountain Limited has acquired Mars Mines Limited’s 25% free-carried interest in the Brazil Joint Venture, issuing 9,158,445 new shares as consideration and taking its ownership of the venture to 100%. The move consolidates full strategic control over its Brazilian assets, simplifying the corporate structure, improving decision-making and capital allocation, and ensuring that any future exploration success in the joint venture area will accrue entirely to Gold Mountain shareholders, strengthening the company’s asset base and aligning with its strategy to build a focused and scalable exploration platform in Brazil.
Gold Mountain Limited has applied to the ASX for quotation of 9,158,445 new fully paid ordinary shares, with an issue date of 22 December 2025. The additional securities, issued under a previously announced transaction, will expand the company’s quoted share capital and may provide further funding flexibility for its ongoing operations and growth initiatives.
Gold Mountain Limited has granted 8.4 million new unquoted performance rights under its employee incentive scheme, spread evenly across three new classes linked to share price milestones of 10 cents and 15 cents. The issue, effective 19 December 2025, is designed to align employee and key stakeholder rewards with the company’s future share price performance, potentially aiding staff retention and incentivising management as the company pursues its strategic and market objectives.
Gold Mountain Limited has announced a change in the financial interest of one of its directors, Pablo Tarantini. Mr. Tarantini was issued 7.5 million performance rights across three categories (D, E, and F) as part of director incentives approved during the Annual General Meeting (AGM). This development reflects the company’s strategic focus on aligning executive interests with shareholder goals and ensuring leadership commitment to long-term operational success.
Gold Mountain Limited has announced a change in the director’s interest, with Aharon Zaetz acquiring a significant number of performance rights following approval at the Annual General Meeting. This acquisition of performance rights is part of director incentives, indicating a strategic move to align the interests of the director with the company’s growth objectives, potentially impacting the company’s operational focus and stakeholder interests.
Gold Mountain Limited has announced a change in the interest of its director, David Andrew Evans, who has acquired 15 million performance rights across three categories, D, E, and F, as part of director incentives approved at the company’s AGM. This change reflects the company’s strategy to align director interests with company performance, potentially impacting its governance and operational focus.
Gold Mountain Limited has announced the issuance of unquoted equity securities in the form of performance rights. The company is issuing a total of 30 million performance rights divided into three classes, each with different milestone pricing, which may impact its equity structure and potentially influence its market positioning.
Gold Mountain Limited announced a change in the director’s interest, with Marcelo Idoyaga acquiring 169,760 GMN ordinary shares, increasing his total holdings to 602,809 shares. This acquisition was made in lieu of cash payment for director’s fees, reflecting a strategic decision to align the director’s interests with the company’s performance, potentially impacting stakeholder confidence positively.
Gold Mountain Limited has issued 169,760 ordinary shares in lieu of cash payment for Director’s fees, as approved at the 2025 AGM. This strategic move is part of the company’s ongoing compliance with the Corporations Act, and it highlights the company’s focus on maintaining financial flexibility. The company continues to analyze assays from its exploration programs, which could impact future operations and stakeholder interests, though the timing and materiality of these results remain uncertain.
Gold Mountain Limited has announced the issuance of 169,760 ordinary fully paid shares to a director in lieu of cash payment for directors’ fees. This move reflects the company’s strategy to manage cash flow while compensating its leadership, potentially impacting its financial operations and signaling a commitment to maintaining liquidity.
Gold Mountain Limited held its Annual General Meeting on November 28, 2025, where all resolutions were carried as per the notice issued in October 2025. The meeting, conducted in accordance with the ASX listing rules, saw significant approval for various resolutions, including the re-election of directors and the issuance of director securities. This outcome reflects strong shareholder support for the company’s strategic directions and governance, potentially enhancing its operational stability and investor confidence.
Gold Mountain Limited has identified several zones of significant lithium anomalies at its Salinas South Project in Brazil’s Lithium Valley. The discovery includes zones up to 12 km long, with lithium and tantalum anomalies, and two significant gold anomalies, indicating strong potential for future development. The company plans to conduct further soil sampling and mapping to define drilling targets, while also focusing on its rare earth elements project at Irajuba.
Gold Mountain Limited announced the cessation of 200,000 securities under the code GMNAX due to the expiry of options without exercise or conversion as of November 24, 2025. This cessation may impact the company’s capital structure and could influence investor sentiment, reflecting on the company’s operational strategies and market positioning.
Gold Mountain Limited announced a change in the director’s interest as Marcelo Idoyaga acquired 433,049 GMN ordinary shares, valued at $36,000, issued in lieu of cash payment for director’s fees. This acquisition reflects a strategic move to align director compensation with company performance, potentially impacting stakeholder perceptions and company operations.
Gold Mountain Limited has issued 433,049 ordinary shares in lieu of cash payment for Director’s fees, as approved at the 2024 AGM. This move is part of the company’s compliance with the Corporations Act and reflects its ongoing exploration efforts, particularly in Brazil and PNG, although assay results from these programs are still pending.
Gold Mountain Limited has announced the issuance of 433,049 ordinary fully paid shares to a director as a substitute for cash payment of director fees. This strategic move is part of the company’s financial management efforts to optimize cash flow and align executive compensation with company performance, potentially impacting its operational efficiency and stakeholder relations.
Gold Mountain Limited has announced a change in the director’s interest, specifically involving David Andrew Evans. The change, effective from October 28, 2025, includes an increase in indirect holdings through an entitlement offer, with Evans acquiring additional GMN ordinary shares and GMNAAT options. This adjustment in shareholding reflects a strategic move to strengthen the director’s stake in the company, potentially impacting the company’s governance and signaling confidence in its future prospects.
Gold Mountain Limited has announced a proposed issue of securities, specifically 5,000,000 Performance Rights, with a planned issue date of November 28, 2025. This move could potentially impact the company’s market positioning by increasing its capital base, which may influence its operational capabilities and stakeholder interests.
Gold Mountain Limited has announced a proposed issue of securities, including 25 million performance rights and over 9 million ordinary fully paid shares, scheduled for issuance on November 28, 2025. This strategic move is likely aimed at raising capital to support the company’s ongoing projects and strengthen its financial position, potentially impacting its market standing and providing growth opportunities for stakeholders.
Gold Mountain Limited has reported significant progress in its Brazilian exploration projects during the first quarter of the financial year ending June 2026. The company advanced its Lithium Valley Project in Minas Gerais and the Down Under Project, which has shown promising results in rare earth element exploration. The Irajuba Prospect within the Down Under Project has emerged as a significant opportunity, with high-grade mineralization and potential for resource expansion. These developments enhance Gold Mountain’s position in the critical minerals sector and indicate substantial future value for stakeholders.