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Horizon Gold Ltd
(Sydney:HRN)
Horizon Gold Ltd (HRN) vs. iShares MSCI Australia ETF (EWA)
Horizon Gold Ltd Business Overview & Revenue Model
Horizon Gold Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 65.00K | 135.00K | 136.00K | 17.00K |
| Gross Profit | -291.00K | -506.00K | -508.00K | -298.00K | -66.00K | -11.00K |
| EBITDA | -1.60M | -1.60M | -1.11M | -1.71M | -477.00K | -1.04M |
| Net Income | -972.00K | -972.00K | -1.71M | -2.14M | -487.00K | -1.07M |
Balance Sheet | ||||||
| Total Assets | 48.30M | 48.30M | 44.10M | 40.75M | 41.97M | 36.44M |
| Cash, Cash Equivalents and Short-Term Investments | 503.00K | 503.00K | 219.00K | 238.00K | 211.00K | 1.27M |
| Total Debt | 500.00K | 500.00K | 0.00 | 41.00K | 40.00K | 0.00 |
| Total Liabilities | 14.77M | 14.77M | 12.15M | 11.94M | 11.50M | 11.56M |
| Stockholders Equity | 33.53M | 33.53M | 31.96M | 28.80M | 30.47M | 24.88M |
Cash Flow | ||||||
| Free Cash Flow | -5.37M | -5.37M | -2.59M | -5.91M | -6.20M | -3.78M |
| Operating Cash Flow | -791.00K | -791.00K | -755.00K | -646.00K | -637.00K | -1.25M |
| Investing Cash Flow | 575.00K | 575.00K | -5.00M | 237.00K | -6.37M | -7.03M |
| Financing Cash Flow | 500.00K | 500.00K | 5.74M | 436.00K | 5.95M | 9.38M |
Horizon Gold Ltd Technical Analysis
Horizon Gold Ltd 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% | |
54 Neutral | AU$145.05M | -132.09 | -2.97% | ― | ― | 42.74% | |
53 Neutral | AU$254.12M | -17.63 | -13.03% | ― | ― | ― | |
51 Neutral | AU$175.77M | -10.14 | -18.74% | ― | ― | 14.63% | |
49 Neutral | AU$160.29M | -9.81 | -8.73% | ― | ― | ― | |
49 Neutral | AU$121.23M | -9.75 | -31.98% | ― | ― | -700.00% |
Horizon Gold Ltd Corporate Events
Horizon Gold Limited has announced significant shallow gold intercepts from its reverse circulation drilling at the Gum Creek Gold Project. The drilling program, which included 55 holes across several prospects, aims to expand the company’s mineral resource estimate by incorporating these new findings. The results highlight the potential for additional shallow gold resources near existing and proposed processing sites, enhancing the company’s exploration and development prospects.
Horizon Gold Limited announced that all resolutions presented at their Annual General Meeting were successfully passed by shareholder vote. This outcome signifies strong shareholder support for the company’s strategic decisions, including the re-election of a director and approval of placement facilities, which may enhance its operational capabilities and market position.
Horizon Gold Ltd has reiterated the findings from its Gum Creek Scoping Study, emphasizing that there is no new information or data affecting the previously announced exploration results and resource estimates. The study outlines a production target based on a mix of Indicated and Inferred Mineral Resources, with the company maintaining confidence in the project’s technical and economic viability despite the inherent uncertainties associated with Inferred resources.
Horizon Gold Limited is progressing well with its Gum Creek Feasibility Study, aiming for completion in the first half of 2026. The project has seen a 60% increase in gold prices over the past year, enhancing the value of its assets. The company is focusing on key free milling gold resources, with plans to extend mine life through additional drilling and exploration. A recent $12 million capital raising has strengthened its financial position to complete the feasibility study and undertake planned exploration activities. The board is confident that the development of its large gold resource will add significant value for shareholders.
Horizon Gold Limited has announced a significant update to its Mineral Resource Estimate (MRE) for the Gum Creek Gold Project, reflecting an 8% increase in total gold ounces and a 26% rise in gold grade compared to the May 2023 estimate. This update follows extensive drilling activities and highlights the project’s potential for further resource growth, particularly with additional exploration planned along underexplored areas. The increase in resource is attributed to recent shallow drilling and adjustments in resource modeling, which have improved the average grade and underscored the potential for future underground mining. The company remains optimistic about further expanding its gold resources through ongoing and planned drilling initiatives.
Horizon Gold Limited has made significant progress on the Gum Creek Feasibility Study, with the completion of 24 vertical water bores providing crucial data for groundwater and water balance models. The company has also initiated a partnership with VRIFY Technology Inc. to utilize AI-powered exploration tools, aiming to enhance the accuracy of identifying high-value drilling targets. These developments are expected to accelerate the growth of the existing gold resource and strengthen Horizon Gold’s position in the gold mining industry.
Horizon Gold Limited has announced its Annual General Meeting (AGM) scheduled for November 20, 2025, in West Perth, Western Australia. Shareholders are encouraged to participate by proxy voting, with instructions available online. The company emphasizes the importance of the meeting for shareholders and provides guidance on accessing meeting documents electronically. Any changes to the meeting arrangements will be communicated through the company’s website and ASX announcements.