Gold Mountain Limited (AU:GMN)
ASX:GMN
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Gold Mountain Limited
(Sydney:GMN)
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Rating:50Neutral
Price Target:
AU$0.09
â–²(28.57% Upside)
Action:Reiterated
Date:03/03/26
The score is held back primarily by weak financial performance (deep losses and ongoing cash burn), partially offset by a debt-free balance sheet. Technical indicators are mixed but generally stable, while valuation is difficult to assess due to negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
A net cash/debt-free balance sheet materially reduces refinancing and interest-rate risk for a small gold explorer. This structural strength gives the company time and flexibility to progress projects or raise capital on better terms, supporting survival and optionality over the next 2–6 months.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow indicates the company relies on external funding or cash reserves to continue operations. Over 2–6 months this creates dilution and execution risk if capital markets tighten, limiting the firm’s ability to invest in projects without raising funds.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A net cash/debt-free balance sheet materially reduces refinancing and interest-rate risk for a small gold explorer. This structural strength gives the company time and flexibility to progress projects or raise capital on better terms, supporting survival and optionality over the next 2–6 months.
Read all positive factors
Gold Mountain Limited (GMN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.30M
Dividend YieldN/A
Average Volume (3M)150.77K
Price to Earnings (P/E)―
Beta (1Y)3.72
Revenue GrowthN/A
EPS Growth75.79%
CountryAU
Employees50
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding214,419,330
10 Day Avg. Volume173,039
30 Day Avg. Volume150,770
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.37
Price to Sales (P/S)59.65
P/FCF Ratio-3.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gold Mountain Limited Business Overview & Revenue Model
Company Description
Gold Mountain Limited (GMN.AX) specializes in the acquisition, exploration, and development of mineral prospects across Australia and Papua New Guinea. The company primarily targets deposits of gold, copper, and molybdenum, as well as other precio...
How the Company Makes Money
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Gold Mountain Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.92K | 76.92K | 38.01K | 0.00 | 127.93K | 788.12K |
| Gross Profit | 65.64K | 76.92K | 38.01K | -57.99K | -12.27K | 576.95K |
| EBITDA | -1.62M | -1.43M | -3.94M | -10.15M | -17.93M | -1.18M |
| Net Income | -3.95M | -8.82M | -3.95M | -10.21M | -18.07M | -1.39M |
Balance Sheet | ||||||
| Total Assets | 15.41M | 12.76M | 15.86M | 11.38M | 16.02M | 29.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.45M | 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 | 554.92K | 365.43K | 183.55K | 263.89K | 325.43K | 1.36M |
| Stockholders Equity | 14.85M | 12.43M | 15.67M | 11.11M | 15.70M | 27.74M |
Cash Flow | ||||||
| Free Cash Flow | -1.91M | -1.42M | -1.53M | -3.07M | -6.33M | -4.97M |
| Operating Cash Flow | -1.91M | -1.41M | -1.52M | -1.08M | -2.21M | -1.39M |
| Investing Cash Flow | -4.18M | -3.61M | -3.83M | -1.98M | -4.08M | -3.80M |
| Financing Cash Flow | 6.89M | 5.64M | 4.92M | 3.71M | 6.17M | 4.13M |
Gold Mountain 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% | |
53 Neutral | AU$5.42M | -4.23 | -4.88% | ― | 123.86% | 63.16% | |
50 Neutral | AU$19.30M | -2.99 | -28.97% | ― | ― | 75.79% | |
47 Neutral | AU$8.32M | -3.78 | -19.54% | ― | ― | -11.76% | |
44 Neutral | AU$4.78M | -2.61 | 114.73% | ― | ― | -237.50% | |
43 Neutral | AU$22.59M | -5.46 | -58.76% | ― | ― | 28.68% | |
43 Neutral | AU$8.10M | -1.14 | -184.19% | ― | ― | 8.00% |
* Basic Materials Sector Average
AU:GMN
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Gold Mountain Limited Corporate Events
Gold Mountain Issues New Shares on Option Exercise, Confirms Ongoing Compliance
Jun 3, 2026
Gold Mountain Limited has issued 2,500 new ordinary shares following the exercise of listed options priced at A$0.10, expanding its share capital by a small margin. The company confirmed the issue was conducted without a prospectus under Australia...
Gold Mountain Seeks ASX Quotation for Additional Shares
Jun 3, 2026
Gold Mountain Limited has applied to the ASX for quotation of 2,500 additional ordinary fully paid shares, with an issue date of 2 June 2026. The modest increase in quoted securities, arising from the exercise or conversion of existing instruments...
Gold Mountain Plans Placement of Up to 45 Million New Shares
May 25, 2026
Gold Mountain Limited, an ASX-listed mineral exploration company, has announced a proposed placement of new ordinary fully paid shares as part of its ongoing capital management strategy. The company operates in the resources sector and uses equity...
Gold Mountain moves to digital notices for June shareholder meeting
May 13, 2026
Gold Mountain Limited has called a general meeting of shareholders to be held at its Cottesloe, Western Australia premises on 15 June 2026 at 7am Perth time. The company is shifting to electronic distribution of meeting materials in line with Corp...
Gold Mountain Director Sells Indirect Stake to Repay Debt
May 8, 2026
Gold Mountain Limited has disclosed a change in the indirect shareholding of director David Andrew Evans, as required under ASX listing rules. Evans, who also serves as a director and shareholder of Mars Mines Limited, reported the disposal of 3,3...
Gold Mountain issues $1m in new shares as key exploration assays remain pending
Apr 30, 2026
Gold Mountain Limited has issued 10,000,000 new ordinary shares at $0.10 each to an existing substantial shareholder, using a disclosure exemption under Australian corporations law. The company states it is compliant with its financial reporting a...
Gold Mountain Seeks ASX Quotation for 10 Million New Shares
Apr 30, 2026
Gold Mountain Limited has applied to the ASX for quotation of 10,000,000 ordinary fully paid shares, expanding its listed securities base under the code GMN. The new shares, issued on April 29, 2026, form part of a previously flagged transaction a...
Gold Mountain sharpens Brazil-focused rare earths push after strong quarter
Apr 29, 2026
Gold Mountain Limited reported a strong March 2026 quarter, highlighting substantial exploration progress across its Brazilian critical minerals portfolio and a strategic pivot away from Papua New Guinea. The company advanced its Down Under rare e...
Gold Mountain Plans Placement of Up to 45 Million New Shares
Apr 29, 2026
Gold Mountain Limited has notified the ASX of a proposed equity placement involving up to 45 million ordinary fully paid shares. The securities are intended to be quoted on the ASX, with the proposed issue date set for 10 June 2026, as the company...
Gold Mountain Plans Equity Placement of 10 Million Shares
Apr 29, 2026
Gold Mountain Limited has announced a proposed placement of up to 10,000,000 ordinary fully paid shares, with the new securities expected to be issued on 30 April 2026. The move signals the company’s intention to raise additional equity capi...
Gold Mountain raises $5.5m to fast-track Brazilian rare earth and lithium exploration
Apr 29, 2026
Gold Mountain Limited has secured binding commitments to raise $5.5 million through a placement of 55 million new shares at $0.10 each, primarily from existing substantial shareholders. The funding underscores investor confidence in the company...
Gold Mountain Seeks Trading Halt Ahead of Capital Raising Update
Apr 26, 2026
Gold Mountain Limited has requested a trading halt on its securities on the ASX pending the release of an announcement on the outcome of a proposed capital raising. The halt, granted under ASX Listing Rule 17.1, will remain in place until the capi...
Gold Mountain Rectifies Late Director Notice After Brazil JV Share Issue
Apr 26, 2026
Gold Mountain Limited has disclosed that an Appendix 3Y notice for executive director David Evans, relating to shares issued from the company’s acquisition of a 25% stake in a Brazilian joint venture previously held by Mars Mines Limited, wa...
Gold Mountain Doubles Potential Resource Footprint at Brazilian Rare Earths Prospect
Apr 8, 2026
Gold Mountain Limited has reported new diamond drilling assay results from the Irajuba IR-1 rare earths prospect in Brazil, with best intersections including 29 metres at 3,964 ppm total rare earth oxides and a higher-grade 17-metre section at 6,1...
Gold Mountain Extends Rare Earth and Gold Anomalies at Brazil’s Down Under Project
Mar 24, 2026
Gold Mountain Limited has reported highly encouraging assay results from 281 regional stream sediment samples collected across the northeast tenements at the Central Prospect within its Down Under Project in eastern Brazil. The sampling has reveal...
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.