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Horizon Minerals Ltd
(Sydney:HRZ)
Horizon Minerals Ltd (HRZ) vs. iShares MSCI Australia ETF (EWA)
Horizon Minerals Ltd Business Overview & Revenue Model
Horizon Minerals Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.85M | 36.85M | 6.61M | 81.88K | 3.32M | 17.85M |
| Gross Profit | -7.00M | 6.28M | 6.61M | 81.25K | 1.26M | 3.36M |
| EBITDA | -11.93M | -10.53M | -1.70M | -195.41K | -27.54M | 3.03M |
| Net Income | -23.85M | -23.85M | -3.46M | -1.01M | -28.03M | 2.45M |
Balance Sheet | ||||||
| Total Assets | 195.01M | 195.01M | 58.93M | 44.74M | 46.48M | 66.45M |
| Cash, Cash Equivalents and Short-Term Investments | 15.70M | 15.70M | 4.29M | 5.62M | 5.41M | 11.32M |
| Total Debt | 8.11M | 8.11M | 8.23M | 6.97M | 86.20K | 133.94K |
| Total Liabilities | 110.94M | 110.94M | 12.66M | 9.44M | 6.48M | 2.38M |
| Stockholders Equity | 84.07M | 84.07M | 46.27M | 35.29M | 40.00M | 64.07M |
Cash Flow | ||||||
| Free Cash Flow | -22.08M | -25.20M | -7.08M | -13.04M | -9.25M | -7.09M |
| Operating Cash Flow | -15.41M | -15.17M | -4.30M | -6.81M | -2.39M | 6.05M |
| Investing Cash Flow | -6.13M | -6.13M | 3.75M | -3.96M | -7.13M | -10.96M |
| Financing Cash Flow | 33.30M | 32.70M | -785.67K | 10.98M | 3.62M | 10.33M |
Horizon Minerals Ltd Technical Analysis
Horizon Minerals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €138.78M | 10.57 | 13.04% | 4.15% | 24.48% | 97.18% | |
68 Neutral | AU$831.02M | 19.53 | 22.29% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$270.98M | -18.88 | -20.84% | ― | 11.43% | -238.93% | |
48 Neutral | €158.30M | -3.51 | ― | ― | ― | ― | |
48 Neutral | AU$153.43M | ― | -27.81% | ― | ― | -35.98% | |
25 Underperform | AU$188.38M | ― | -454.45% | ― | ― | 15.86% |
Horizon Minerals Ltd Corporate Events
Horizon Minerals Limited announced a change in the director’s interest, specifically for Ashok Parekh, who has acquired 2,000,000 unlisted options at an exercise price of $0.12, expiring on 30 September 2028. This acquisition was approved by the company’s shareholders at the Annual General Meeting held on 28 November 2025, reflecting a strategic move to align the director’s interests with the company’s long-term goals and potentially impacting the company’s stock and stakeholder confidence.
Horizon Minerals Limited announced the issuance of unquoted equity securities, including performance rights and options, as part of an employee incentive scheme. This move is likely aimed at motivating employees and aligning their interests with the company’s growth objectives, potentially impacting its operational efficiency and market competitiveness.
Horizon Minerals Limited announced the results of its Annual General Meeting held on November 28, 2025, where all resolutions were passed by a poll. This outcome reflects strong shareholder support and is likely to positively impact the company’s strategic initiatives and governance, reinforcing its industry positioning and operational plans.
Horizon Minerals Ltd held its Annual General Meeting on November 28, 2025, where it discussed various forward-looking statements regarding its future operations and financial performance. The company emphasized the inherent risks and uncertainties associated with its mineral resources and ore reserves estimates, highlighting potential challenges such as obtaining necessary licenses and permits, competition for resources, and market fluctuations. The company’s vision to become a ~100kozpa producer remains aspirational, dependent on factors like exploration success and feasibility studies.
Horizon Minerals Ltd has announced the application for the quotation of 12,324 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date set for November 20, 2025. This move is part of the company’s strategic efforts to enhance its financial flexibility and strengthen its market position, potentially impacting stakeholders by increasing the liquidity of its shares.
Horizon Minerals Ltd has provided an update on its Phillips Find and Boorara Gold Projects. At Phillips Find, the company has completed three processing campaigns, with mining nearing completion and ore stockpiled for processing. A Toll Milling Agreement has been executed to process high-grade ore, with treatment expected soon. At Boorara, mining is progressing well, but ore haulage has been reduced temporarily by the processing partner, delaying some cash flow into 2026. Despite this, the company anticipates strong cash flow from its stockpiles and a planned asset sale, strengthening its financial position.
Horizon Minerals Limited has announced its participation in the RAAS Research Group Stock Take – Gold Special Webinar, scheduled for November 19, 2025. During the webinar, Horizon’s Managing Director and CEO, Grant Haywood, will present on the company’s operations and participate in a Q&A session, providing insights into the gold sector and the company’s strategic positioning. This event represents an opportunity for Horizon to engage with stakeholders and potentially strengthen its industry standing.
Horizon Minerals Limited has announced the divestment of its Lake Johnston Project to Forrestania Resources Limited for $35 million. This strategic move allows Horizon to focus on its core assets, particularly the Black Swan project, by using the funds to advance its development and potential mergers and acquisitions. The transaction is expected to complete by January 2026, and Horizon retains a stake in the Lake Johnston Project through shares in Forrestania, thereby maintaining potential future upside.
Horizon Minerals Ltd has issued 37,573,385 fully paid ordinary shares to Yandal Resources Limited as part of the acquisition of the Gordons Dam Project. Additionally, Horizon has received multiple unsolicited offers for its 100%-owned Lake Johnston project, which has a history of nickel production. The company is currently in negotiations regarding these offers, though no transaction has been finalized. The outcome of these negotiations could impact Horizon’s operations and market positioning, particularly in the nickel mining sector.
Horizon Minerals Limited has completed the acquisition of the Gordons Dam Project from Yandal Resources Limited, encompassing 34 mining licenses over approximately 77 km2 in the Western Australian goldfields. This acquisition, which involved a cash payment and issuance of shares to Yandal, strategically enhances Horizon’s portfolio by adding prospective gold tenures near its Black Swan processing facility, positioning the company for future exploration and drilling activities in 2026.
Horizon Minerals Ltd has announced the application for the quotation of 37,573,385 ordinary fully paid securities on the Australian Securities Exchange (ASX), as part of a previously announced transaction. This move is expected to enhance the company’s liquidity and provide additional capital for its ongoing projects, potentially strengthening its market position and offering benefits to its stakeholders.
Horizon Minerals Ltd has announced the issuance of 49,215,850 fully paid ordinary shares to Nebari Gold Fund 1, LP at a price of $0.04 per share. This issuance serves as the final repayment of a Convertible Loan Facility approved by shareholders in 2022, marking the full repayment of the principal amount. Additionally, the company issued 51,378 shares following the exercise of unlisted options. These actions reflect Horizon’s compliance with relevant corporate regulations and signify a strategic financial maneuver to strengthen its capital structure.
Horizon Minerals Limited has announced the issuance of 51,378 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code HRZ. This move is part of the company’s strategy to optimize its capital structure and potentially improve its liquidity position, which could have implications for its operational capabilities and market competitiveness.
Horizon Minerals Ltd has announced the issuance of 49,215,850 fully paid ordinary shares following a Notice of Conversion from the Nebari Gold Fund. This move is part of a Convertible Loan approved by shareholders, which could impact the company’s capital structure and potentially enhance its financial flexibility.
Horizon Minerals Limited has announced the application for quotation of 165,213 ordinary fully paid securities on the Australian Securities Exchange. This move is part of the company’s strategy to enhance its financial flexibility and potentially fund future exploration and development projects, which could impact its market positioning and stakeholder interests.
Horizon Minerals Ltd has announced a proposed consolidation of its capital on a 15-for-1 basis, pending shareholder approval at the upcoming Annual General Meeting. This move aims to reduce the number of shares to below one billion, creating a more effective capital structure and potentially attracting a broader range of investors. The consolidation will not materially affect individual shareholder percentages, and all options and performance rights will be adjusted accordingly.
Horizon Minerals Limited announced a security consolidation affecting its ordinary fully paid shares, performance rights, and options. This consolidation is subject to shareholder approval at the upcoming Annual General Meeting, and trading in the post-consolidation securities will commence on a deferred settlement basis starting December 9, 2025. This move is expected to streamline the company’s capital structure, potentially enhancing its market positioning and operational efficiency.
Horizon Minerals Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 28, 2025, in Perth, Western Australia. The company encourages shareholders to lodge proxy forms in advance and offers the option to submit questions prior to the meeting. This announcement emphasizes the company’s commitment to shareholder engagement and transparency, as well as its adaptation to digital communication methods for distributing meeting notices and other important documents.
Horizon Minerals Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on Friday, 28 November 2025, at 2.00pm (WST) in Perth, Western Australia. Shareholders are encouraged to participate in the voting process either in person, by proxy, or through an authorized representative, with proxy forms to be submitted no later than 48 hours before the meeting. This meeting is a key event for stakeholders to engage with the company’s strategic direction and governance.
Horizon Minerals Ltd has outlined its strategic vision to become a ~100kozpa gold producer, although it acknowledges that this goal is aspirational and dependent on several factors including exploration success and resource definition. The announcement highlights the company’s ongoing efforts to expand its production capabilities and improve its financial performance, despite inherent risks and uncertainties in the mining sector.
Horizon Minerals Ltd reported a positive cash flow from operating activities for the quarter ending September 30, 2025, driven by significant gold and ore sales totaling $41.9 million. The company also secured $18.2 million from equity securities, offsetting costs and investments in exploration and equipment, resulting in a net increase in cash and cash equivalents for the period.
Horizon Minerals Limited reported continued safe gold production and revenue from its Boorara and Phillips Find operations, alongside ongoing drilling and engineering studies for the Black Swan Project. The company also acquired a 100% interest in the Gordons Project, enhancing its asset portfolio near the Black Swan processing facility. These activities are part of Horizon’s strategic focus on expanding its gold production capabilities and exploration efforts, which include accelerating the Burbanks drilling program and refurbishing the Black Swan facility into a gold plant.
Horizon Minerals Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement, approved by the board, outlines the company’s adherence to ASX Corporate Governance Council’s principles, detailing the extent of compliance and any deviations. This disclosure is crucial for stakeholders as it highlights the company’s commitment to transparency and accountability in its operations, potentially impacting investor confidence and market positioning.
Horizon Minerals Limited has announced significant results from its ongoing drilling program at the Burbanks gold project, revealing high-grade gold intersections. The drilling, which began in June 2025, aims to enhance resource continuity and confidence, with the first phase focusing on infill drilling. These results underscore the potential of the Burbanks project to improve resource confidence and support development studies, ultimately providing high-grade feed to Horizon’s Black Swan processing plant.
Horizon Minerals Ltd has announced that its 2025 Annual General Meeting (AGM) will be held on November 28, 2025. The meeting will include the election of directors, with nominations closing on October 10, 2025. This announcement is part of the company’s compliance with ASX listing rules and reflects its ongoing corporate governance practices.
Horizon Minerals Ltd has issued 25 million fully paid ordinary shares at $0.04 each to Nebari Gold Fund 1, LP as partial repayment of a Convertible Loan Facility. This strategic move, approved by shareholders, is part of the company’s financial management efforts and complies with relevant ASX and Corporations Act regulations, potentially impacting its financial stability and investor confidence.
Horizon Minerals Ltd has announced the application for the quotation of 25 million fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code HRZ. This move is part of a previously announced transaction, and it signifies the company’s ongoing efforts to enhance its financial standing and operational capacity, potentially impacting its market presence and shareholder value.
Horizon Minerals Limited has announced the appointment of Brendan Shalders as its new Chief Financial Officer, effective January 2026. Shalders, who previously served as CEO and CFO at Poseidon Nickel Limited, brings over 20 years of experience in the mining sector, including expertise in financial and corporate management. His appointment is expected to enhance Horizon’s leadership team as the company advances its growth plans following its recent merger with Poseidon.
Horizon Minerals Ltd has announced the issuance of 5,813,954 fully paid ordinary shares at a price of $0.043 per share for transaction-related services. This issuance was conducted under ASX Listing Rules 7.1 and without disclosure to investors under Part 6D.2 of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states that there is no excluded information requiring disclosure. This move is part of Horizon’s strategic financial operations, potentially impacting its market positioning and stakeholder interests by enhancing liquidity and funding capabilities.
Horizon Minerals Ltd has announced a proposed issue of 25 million ordinary fully paid securities, scheduled for issuance on September 22, 2025. This move is part of a placement or other type of issue, which could potentially enhance the company’s capital structure and support its ongoing exploration and development activities, thereby strengthening its position in the mining industry.
Horizon Minerals Limited has announced a proposed issue of 5,813,954 ordinary fully paid securities, with the issue date set for September 19, 2025. This move is part of a strategic placement to enhance the company’s capital structure, potentially impacting its market positioning and providing opportunities for growth and development in the mining sector.
Horizon Minerals Ltd has issued a clarification regarding the expiry date of its listed options (ASX: HRZO). The company corrected a previous announcement, stating that the official quotation of the options will cease on Monday, 15 September 2025, instead of the previously mentioned date. The options are exercisable at $0.087 each and expire on 21 September 2025. This clarification ensures that stakeholders are accurately informed about the timeline for exercising their options, which is crucial for maintaining transparency and trust with investors.
Horizon Minerals Limited has released its annual financial report for 2025, highlighting its strategic acquisition of Poseidon Nickel Limited’s processing infrastructure. This acquisition positions Horizon for sustainable long-term gold production and cashflow, strengthening its status as an independent mid-cap producer. The company’s adherence to the 4th Edition of the ASX Corporate Governance Recommendations underscores its commitment to corporate governance. This development is expected to enhance Horizon’s operational capabilities and market positioning, benefiting stakeholders and supporting growth in the Kalgoorlie region.