Golden State Mining Ltd. (GSM) AI Stock Analysis

• Market Cap: AU$1.96M
• Dividend Yield: N/A
• Average Volume (3M): 364.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -100.00%
• EPS Growth: 74.74%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 279,370,640
• 10 Day Avg. Volume: 361,107
• 30 Day Avg. Volume: 364,325
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.38
• 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: 45 Neutral
• Price Target: ―

Golden State Mining Ltd. is facing significant financial challenges with ongoing losses and negative cash flows. While the company has strong liquidity and no debt, the lack of profitability and reliance on external financing pose risks. The technical and valuation outlooks are neutral to negative due to insufficient data and a negative P/E ratio. Overall, the stock is rated poorly due to these financial and valuation concerns.

Golden State Mining Ltd. Business Overview & Revenue Model

Company Description

Golden State Mining Ltd. (GSM) is an Australian-based exploration company focused on discovering and developing gold, lithium, and other mineral resources. Operating primarily in Western Australia, GSM is engaged in the identification, acquisition, and exploration of mineral-rich properties. The company aims to maximize shareholder value through strategic exploration initiatives and leveraging its expertise in geology and mining.

How the Company Makes Money

Golden State Mining Ltd. generates revenue primarily through the exploration and development of mineral resources such as gold and lithium. The company makes money by discovering viable mineral deposits and increasing the value of its exploration assets. It may partner with larger mining companies for joint ventures or sell its developed properties to generate income. Additionally, GSM might engage in raising capital through equity financing, enabling continual exploration activities and operational growth. The company's earnings are significantly influenced by the market prices of gold and other minerals, operational efficiencies, and strategic partnerships or sales of its assets.

Golden State Mining Ltd. Financial Statement Overview

Summary

Golden State Mining Ltd. faces significant financial challenges with ongoing losses and negative cash flows, highlighting the need for strategic improvements. The strong liquidity and absence of debt provide some stability, but sustained negative performance in income and cash flows is a concern.

Income Statement

Golden State Mining Ltd. has experienced consistent negative income over the years with no significant revenue generation in recent periods. The company reported a gross loss and negative net income, EBIT, and EBITDA margins. This indicates ongoing profitability challenges and a need for strategic changes to drive revenue growth.

Balance Sheet

The balance sheet shows a strong liquidity position with significant cash reserves and no debt. The equity ratio remains solid, indicating a stable capital structure. However, declining stockholders' equity over recent years may suggest potential challenges in maintaining equity value.

Cash Flow

The company consistently reports negative operating and free cash flows, indicating operational inefficiencies and cash outflows. Although there is a history of positive financing cash flows, reliance on external financing may present risks if not managed carefully.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	30.00K	945.00K	712.76K	0.00
	Gross Profit
-9.87K	-20.40K	30.00K	945.00K	661.98K	-108.17K
	EBIT
-1.39M	-2.78M	-1.49M	-581.56K	-4.16M	-1.73M
	EBITDA
-1.39M	-2.78M	-3.14M	-2.80M	-3.09M	-1.63M
	Net Income Common Stockholders
-1.33M	-2.70M	-2.81M	-3.16M	-3.14M	-1.66M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.29M	1.89M	2.07M	3.74M	4.38M	2.44M
	Total Assets
1.34M	1.94M	2.20M	4.13M	4.50M	2.60M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.29M	-1.89M	-2.07M	-3.74M	-4.38M	-2.44M
	Total Liabilities
428.22K	428.36K	545.66K	597.06K	492.63K	487.18K
	Stockholders Equity
911.52K	1.51M	1.66M	3.54M	4.01M	2.11M
Cash Flow		Free Cash Flow
-1.24M	-2.78M	-2.67M	-3.37M	-2.35M	-1.52M
	Operating Cash Flow
-1.24M	-2.78M	-2.67M	-3.35M	-2.34M	-1.46M
	Investing Cash Flow
0.00	44.57K	318.27K	370.44K	23.21K	-57.44K
	Financing Cash Flow
0.00	2.55M	685.28K	2.34M	4.25M	1.28M

Golden State Mining Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DEG	57 Neutral	$5.92B	―	-0.68%	―	-56.04%	66.07%
CHN	56 Neutral	€601.05M	―	-16.63%	―	―	57.93%
Sector *	51 Neutral	$1.99B	-1.26	-21.11%	5.30%	2.92%	-30.46%
GSM	45 Neutral	AU$1.96M	―	-84.45%	―	-100.00%	74.74%
MEU	35 Underperform	AU$45.95M	―	-2.31%	―	―	-33.33%

Golden State Mining Ltd. Corporate Events

Golden State Mining Advances Key Exploration Projects in Western Australia

Golden State Mining Ltd. has received approval for a 1,000-meter air-core drill program at its Southern Cross East project, targeting a significant ‘gold in soil’ anomaly. The company is also advancing its Yule and Canning Hill Gold Projects with heritage surveys and geochemical reviews, while maintaining a cash position of $1.04 million at the end of the March quarter. These developments highlight GSM’s ongoing commitment to enhancing its gold-focused exploration portfolio, potentially impacting its market positioning and stakeholder interests.

Golden State Mining Advances Southern Cross East Gold Project

Golden State Mining Limited has successfully completed the first Aboriginal Cultural Heritage Survey at its Southern Cross East gold project, paving the way for an air-core drill program scheduled to start in late April 2025. The survey, conducted with the Marlinyu Ghoorlie Native Title Claimant Group, covered high-priority drill target areas with a significant ‘gold in soil’ anomaly, suggesting potential gold mineralization. This development marks a significant step forward for the company, potentially enhancing its position in the gold exploration industry and providing promising opportunities for stakeholders.

Golden State Mining Announces Leadership Change in Interim Financial Report

Golden State Mining Limited has released its interim financial report for the half-year ending December 31, 2024. The report highlights changes in the company’s leadership, with Greg Hancock appointed as the Non-Executive Chairman following Damien Kelly’s resignation. This leadership transition may impact the company’s strategic direction and stakeholder confidence as it continues its operations in the competitive mining sector.