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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 76.92K | 38.01K | 0.00 | 127.93K | 788.12K |
| Gross Profit | 76.92K | 38.01K | -57.99K | -12.27K | 576.95K |
| EBITDA | -1.43M | -3.94M | -10.15M | -17.93M | -1.18M |
| Net Income | -8.82M | -3.95M | -10.21M | -18.07M | -1.39M |
Balance Sheet | |||||
| Total Assets | 12.76M | 15.86M | 11.38M | 16.02M | 29.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 865.50K | 1.30M | 660.52K | 780.28K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 44.22K |
| Total Liabilities | 365.43K | 183.55K | 263.89K | 325.43K | 1.36M |
| Stockholders Equity | 12.43M | 15.67M | 11.11M | 15.70M | 27.74M |
Cash Flow | |||||
| Free Cash Flow | -1.42M | -1.53M | -3.07M | -6.33M | -4.97M |
| Operating Cash Flow | -1.41M | -1.52M | -1.08M | -2.21M | -1.39M |
| Investing Cash Flow | -3.61M | -3.83M | -1.98M | -4.08M | -3.80M |
| Financing Cash Flow | 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% | |
53 Neutral | AU$6.71M | 200.74 | 0.33% | ― | ― | ― | |
52 Neutral | AU$11.88M | -4.52 | -10.51% | ― | ― | 15.38% | |
50 Neutral | AU$23.33M | -0.61 | -62.79% | ― | ― | -40.85% | |
50 Neutral | AU$12.29M | -1.67 | ― | ― | ― | ― | |
46 Neutral | AU$22.25M | -0.78 | -60.89% | ― | ― | 77.62% | |
44 Neutral | AU$6.37M | -3.28 | ― | ― | ― | -237.50% |
Gold Mountain Limited Corporate Events
Gold Mountain Limited has reported highly encouraging assay results from 304 regional stream sediment samples at its Down Under Project in eastern Brazil, confirming exceptional total rare earth oxide values and revealing extensive anomalous zones that extend known mineralisation at the Irajuba area. The company has also identified multiple large-scale gold and multielement anomalies, particularly around Nova Itaipe, which materially enhance the project’s exploration upside and could broaden its commodity exposure beyond rare earths.
To capitalise on these results, Gold Mountain is advancing a targeted auger drilling program over the highest TREO zones to refine diamond drill targets for future resource estimation, while also pursuing access agreements and permitting. Planned radiometric traverses, infill auger and soil sampling, and detailed geophysical surveys over structurally controlled gold targets aim to define priority drill locations, potentially moving the Down Under Project closer to delineating substantial rare earth and gold resources and strengthening the company’s strategic position in a world-class REE province.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.14 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 applied to the ASX for quotation of 83,335 new ordinary fully paid shares, with an issue date of 20 February 2026. The additional shares, arising from the exercise or conversion of existing securities, will modestly increase the company’s quoted capital base and may slightly dilute existing holdings while providing incremental funding flexibility.
The move signals continued use of equity-based instruments in Gold Mountain’s capital structure, aligning with common practices among smaller ASX-listed companies seeking to finance operations and projects without large standalone capital raisings. For shareholders and prospective investors, the application indicates ongoing corporate activity but does not, on its own, materially alter the company’s strategic outlook or guidance.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.14 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 withdrawn a previously lodged Appendix 3G relating to unquoted securities after determining that the correct form should have been an Appendix 2A. The company clarified that the February 23, 2026 filing was created in error and has now been formally cancelled, signalling that any intended securities issuance will be re-notified under the appropriate documentation.
The move is largely administrative in nature but underscores the firm’s need to maintain compliance with ASX disclosure and reporting standards. For investors and other stakeholders, the cancellation means that no new unquoted securities are being recognized under the erroneous filing, and any changes to the capital structure will depend on a correctly submitted replacement announcement.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.14 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 issued 83,335 new ordinary shares following the exercise of an equivalent number of listed options at an exercise price of $0.10 per share, modestly expanding its share capital. The company stated it has complied with relevant Australian corporate reporting and continuous disclosure obligations and noted that assay results from ongoing exploration programs are still being analysed and have not yet been interpreted, leaving the potential impact of these results on its projects and valuation undetermined.
By confirming there is no undisclosed excluded information beyond the pending assay interpretations, Gold Mountain aims to reassure investors about the transparency and regulatory compliance surrounding the new share issuance. The small-scale capital inflow from the option exercise, combined with ongoing exploration work, underscores a steady progression of funding and activity that could influence the company’s positioning in the rare earths and broader critical minerals sector once exploration results are fully assessed.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.14 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 notified the market of the issue of 83,335 new ordinary fully paid shares following the exercise or conversion of previously quoted options or other convertible securities. The additional shares, issued on 20 February 2026, represent a small expansion of the company’s equity base and reflect ongoing utilisation of existing equity incentive or financing arrangements, with limited immediate impact on overall capital structure for current shareholders.
While the number of new shares is modest relative to typical market capitalisations, the move underscores continued engagement by holders of convertible instruments in Gold Mountain’s equity. This incremental conversion activity may signal confidence from these investors in the company’s prospects, although it is unlikely to materially alter control dynamics or significantly dilute existing investors at this scale.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.14 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 identified an expanded high-grade rare earth discovery at the Capivara Prospect within its Down Under Project in Brazil, with new assays confirming thick, shallow mineralised profiles rich in magnet rare earth oxides. The results show mineralisation from surface, strong MREO/TREO ratios and suggest that the main saprolite-hosted zones remain open at depth due to limited penetration of earlier auger drilling.
The company plans diamond and resource drilling to test deeper mineralisation and advance Capivara toward a defined resource, while additional assays from Capivara South are pending. Ongoing metallurgical work, including testing for ionic adsorption clay-style mineralisation and comparisons with neighbouring projects, underpins GMN’s confidence that Down Under could emerge as a significant rare earth resource, potentially enhancing its strategic position in the rare earths sector.
The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.14 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 notified investors that 12,873,266 listed options trading under ASX code GMNO, exercisable at $0.50, will expire on 6 March 2026, with quotation to cease on 2 March 2026. The company notes these options are out of the money, given the last closing share price of $0.074, and will not send personalised notices to holders, meaning unexercised options will lapse without value and the exercise is not underwritten.
The company also advises that a total of 111,599,898 options are on issue to which this expiry framework applies, with each option convertible into one fully paid ordinary share if exercised by the due date. Recent trading ranges for the underlying shares, between $0.045 and $0.077 over the past three months, underscore the gap between the exercise price and market value, limiting the likelihood of exercise and avoiding dilution for existing shareholders under current conditions.
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 highly encouraging assay results from 271 regional stream sediment samples collected across the Planaltino, Maracas and Nova Itaipe prospects within its Down Under Project in eastern Brazil. The samples show very high total rare earth oxide values, confirming significant rare earth element potential and suggesting substantial extensions to the known Irajuba mineralisation, further reinforcing the emerging scale of this REE province.
The company is now planning targeted auger drilling over the highest TREO anomalies to refine diamond drill targets, alongside radiometric traverses to identify potential ultra high grade hard rock mineralisation. In parallel, Gold Mountain has delineated a large structurally controlled gold target supported by multi element pathfinders, which will undergo further sampling and geophysical work, positioning the company to potentially define a substantial REE resource while adding meaningful gold upside for stakeholders.
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 highly encouraging assay results from 26 stream sediment samples at the Varzedo Prospect within its Down Under Project in Brazil, confirming strong rare earth element potential and reinforcing the project’s position within a rapidly expanding REE province. The sampling returned a high proportion of anomalous total rare earth oxides and magnetic rare earth oxides, alongside clustered niobium anomalies that suggest potential ultra-high-grade hard-rock, monazite-rich REE-niobium-uranium-scandium mineralisation, while coincident gold and sulphur anomalies point to a structurally controlled gold system. The company plans auger drilling, radiometric traversing and further geochemical and geophysical work to refine REE and gold drill targets outside environmental application areas, underscoring its strategy to systematically advance the multi-commodity Down Under Project and build shareholder value through targeted exploration.
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 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.