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Hamelin Gold Limited (AU:HMG)
ASX:HMG
Australian Market

Hamelin Gold Limited (HMG) AI Stock Analysis

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AU:HMG

Hamelin Gold Limited

(Sydney:HMG)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
AU$0.07
▲(15.00% Upside)
The score is primarily held down by weak financial performance (minimal revenue, widening losses, and ongoing cash burn), partially offset by a debt-free balance sheet. Technicals are mixed with only short-term strength, and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Exploration Expansion
The expansion of exploration activities at the Venus Gold Project enhances Hamelin's market position and potential resource base, supporting long-term growth prospects.
Debt-Free Balance Sheet
A debt-free balance sheet reduces financial risk and interest burden, providing flexibility for future investments and operations.
Strategic Resolutions Approval
Strong shareholder support for strategic resolutions enhances operational capabilities and market presence, aligning with long-term strategic goals.
Negative Factors
Widening Losses
Increasing losses highlight ongoing financial challenges, impacting profitability and necessitating further funding to sustain operations.
Negative Cash Flow
Negative cash flow indicates reliance on external funding, posing risks to financial stability and limiting self-sustained growth.
Equity Dilution Risk
Declining equity levels suggest potential dilution, which can affect shareholder value and complicate future capital raising efforts.

Hamelin Gold Limited (HMG) vs. iShares MSCI Australia ETF (EWA)

Hamelin Gold Limited Business Overview & Revenue Model

Company DescriptionHamelin Gold Limited operates as a mineral exploration company in the Western Tanami region of Western Australia. It holds 100% interest in the West Tanami project covering 2,277 square kilometers of gold province located in Western Australia. The company was incorporated in 2021 and is based in Subiaco, Australia.It is a subsidiary of Encounter Resources Limited
How the Company Makes MoneyHamelin Gold Limited generates revenue through the exploration and eventual development of gold mining projects. The company's primary revenue stream comes from the successful discovery and quantification of economically viable gold resources, which can be monetized through partnerships, joint ventures, or outright sales to larger mining companies. Additionally, HMG may also earn revenue through the issuance of shares or securities to raise capital for exploration activities. The success of its operations heavily relies on the company's ability to identify promising mining sites and efficiently develop them into profitable ventures.

Hamelin Gold Limited Financial Statement Overview

Summary
Overall, Hamelin Gold Limited faces critical financial challenges. Despite maintaining a strong balance sheet with no debt, the lack of revenue and increasing expenses are concerning. The company must improve its revenue generation and manage cash flows effectively to ensure long-term viability.
Income Statement
Hamelin Gold Limited shows no revenue generation over the periods, highlighting significant challenges in monetizing operations. The company consistently reports negative earnings, with a widening net income loss in the TTM period. The absence of revenue growth and negative margins indicate poor profitability and operational inefficiency.
Balance Sheet
The company maintains a strong equity position with no debt, as reflected in its low debt-to-equity ratio. Stockholders' equity covers a significant portion of total assets, indicating financial stability. However, continuous losses could erode equity over time if profitability is not achieved.
Cash Flow
The cash flow statements reveal negative free cash flow, reflecting operational cash outflows without sufficient financing inflows. Although there is cash available, the negative operating and free cash flows raise concerns about long-term sustainability without revenue generation.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.005.08K0.000.00
Gross Profit-108.06K-108.06K-146.63K-88.22K-15.00K0.00
EBITDA-7.16M-7.16M-1.18M-901.05K-1.28M0.00
Net Income-7.27M-7.27M-1.33M-994.35K-1.30M-7.92K
Balance Sheet
Total Assets19.34M19.34M23.75M24.93M21.58M21.32M
Cash, Cash Equivalents and Short-Term Investments4.94M4.94M4.96M7.75M7.16M9.19M
Total Debt0.000.000.000.000.0066.88K
Total Liabilities458.38K458.38K489.13K442.30K903.84K182.73K
Stockholders Equity18.89M18.89M23.26M24.49M20.68M21.14M
Cash Flow
Free Cash Flow-1.94M-662.30K-3.87M-4.63M-2.15M0.00
Operating Cash Flow-662.30K-662.30K-561.38K-629.06K-404.09K0.00
Investing Cash Flow-2.03M-2.03M-2.21M-3.41M-1.68M0.00
Financing Cash Flow2.67M2.67M-11.43K4.62M9.20M0.00

Hamelin Gold Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.07
Positive
100DMA
0.07
Negative
200DMA
0.07
Negative
Market Momentum
MACD
<0.01
Negative
RSI
59.06
Neutral
STOCH
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMG, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.06 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HMG.

Hamelin Gold Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
51
Neutral
AU$13.01M-10.86-125.80%
48
Neutral
AU$13.68M-1.55-34.50%-421.43%
45
Neutral
AU$15.57M-5.00-25.75%-33.33%
41
Neutral
AU$9.57M-4.78-12.69%12.08%46.51%
40
Underperform
AU$38.60M-23.36-18.96%1.38%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:HMG
Hamelin Gold Limited
0.07
<0.01
13.33%
AU:NAG
Nagambie Resources Limited
0.01
>-0.01
-38.89%
AU:AHK
ARK Mines Ltd
0.50
0.34
212.50%
AU:REZ
Resources & Energy Group Limited
0.02
-0.02
-52.94%
AU:TRE
Toubani Resources Limited Registered Shs
0.41
0.27
189.29%

Hamelin Gold Limited Corporate Events

Hamelin Gold Expands Exploration at Venus Project
Dec 7, 2025

Hamelin Gold Limited has announced the grant of a second exploration license and the commencement of exploration activities at its Venus Gold Project in the Murchison gold district. This expansion makes Hamelin one of the largest tenement holders in the Cue region, covering key gold corridors and unexplored areas. The initial exploration includes soil sampling and plans for aeromagnetic and heritage surveys, marking a significant milestone for the company and potentially enhancing its industry positioning.

Hamelin Gold Announces Director Interest Changes Post-AGM
Nov 28, 2025

Hamelin Gold Limited announced a change in director interest following the issuance of options approved at the company’s annual general meeting. This development could impact the company’s governance and strategic direction, potentially influencing its exploration activities and stakeholder confidence.

Hamelin Gold Issues Unlisted Options as Part of Employee Incentive Scheme
Nov 28, 2025

Hamelin Gold Limited announced the issuance of 2,700,000 unlisted options, exercisable at $0.102 and expiring on November 27, 2029. This move is part of an employee incentive scheme and is not intended for public trading on the ASX, potentially enhancing employee engagement and aligning their interests with the company’s long-term growth objectives.

Hamelin Gold Limited Issues New Unlisted Options to Bolster Operations
Nov 28, 2025

Hamelin Gold Limited has announced the issuance of 3,818,445 unlisted options, exercisable at $0.102 and expiring on November 27, 2029. This issuance is part of the company’s strategy to strengthen its financial position and support its ongoing exploration and development activities, potentially impacting its operational capabilities and stakeholder interests.

Hamelin Gold Limited Secures Shareholder Approval for Strategic Resolutions
Nov 27, 2025

Hamelin Gold Limited announced the successful passing of all resolutions during its Annual General Meeting, including the approval of a special resolution and the re-election of director Mr. Will Robinson. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, such as expanding its placement capacity and granting incentive options to key directors, which could enhance its operational capabilities and market presence.

Hamelin Gold Limited Releases Exploration Results
Nov 26, 2025

Hamelin Gold Limited has released a presentation regarding its exploration results, which are based on the work of Mr. Peter Bewick, a competent person in the field. The company confirms that there is no new information that materially affects previous announcements, and the context of the findings remains unchanged. This announcement reflects Hamelin’s ongoing efforts to solidify its position in the gold mining industry, potentially impacting its operations and stakeholders.

Hamelin Gold Extends Mineralization at West Tanami Project
Nov 13, 2025

Hamelin Gold Limited has announced successful extensions of shallow gold mineralization at its West Tanami Project in Western Australia. The aircore drilling at South Fremlins has extended the gold footprint over a 400-meter strike length, while the Jazz Prospect has revealed a 500-meter long mineralized trend. These developments suggest potential for high-grade gold shoots and indicate a promising future for the company’s exploration efforts, with further drilling planned for 2026.

Hamelin Gold Limited Releases 2025 Corporate Governance Statement
Oct 28, 2025

Hamelin Gold Limited has released its Corporate Governance Statement for the financial year ending June 30, 2025, emphasizing its adherence to the ASX Corporate Governance Council Principles and Recommendations. The company has established a framework for managing its operations, including internal controls and risk management processes, and is committed to maximizing performance and shareholder value. The board, currently composed of three Non-Executive Directors and one Executive Director, oversees the company’s business strategy and governance, with plans to review its size and structure as the company’s activities evolve.

Hamelin Gold Limited Announces 2025 Annual General Meeting with Digital Engagement Focus
Oct 28, 2025

Hamelin Gold Limited has announced its 2025 Annual General Meeting, scheduled for November 27, 2025, in Crawley, Western Australia. The company is adapting to legislative changes by providing meeting materials electronically, encouraging shareholders to vote by proxy and submit questions in advance, reflecting a shift towards more efficient and accessible shareholder engagement.

Hamelin Gold Expands WA Exploration Portfolio with New Tenement Grant
Oct 26, 2025

Hamelin Gold Limited has strengthened its gold exploration portfolio in Western Australia with the grant of a key tenement within the Venus Gold Project in the Murchison region. The company has completed RC drilling programs at Fremlins South and Jazz prospects, with assays pending, and is progressing the Day Dawn Project in the Paterson Province. These activities are supported by the WA Government’s Exploration Incentive Scheme, and the company maintains a cash reserve of approximately $3.6 million as of September 2025.

Hamelin Gold Secures Key Exploration License in Murchison District
Oct 14, 2025

Hamelin Gold Limited has been granted a key exploration license for its Venus gold project in the Murchison district, Western Australia. This area, known for significant gold deposits, presents new opportunities for Hamelin as they plan to commence drilling in early 2026. The project covers a substantial area with several high-quality, untested drill targets identified through aeromagnetic data, potentially enhancing the company’s position in the gold mining sector.

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.Date of analysis: Dec 30, 2025