Top Page
Horizon Minerals Ltd
(Frankfurt:HRZ)
Horizon Minerals Ltd (HRZ) vs. S&P 500 (SPY)
Horizon Minerals Ltd Business Overview & Revenue Model
Horizon Minerals Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.61M | 81.88K | 3.32M | 17.85M | 62.56K | Gross Profit |
| 6.61M | 81.25K | 1.26M | 3.36M | -66.24K | EBIT |
| -3.37M | -9.39M | -2.55M | 1.60M | 1.29M | EBITDA |
| -1.70M | -242.68K | -27.54M | 3.03M | 1.42M | Net Income Common Stockholders |
| -3.46M | -1.01M | -28.03M | 2.45M | 1.04M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.29M | 5.62M | 5.41M | 11.32M | 5.90M | Total Assets |
| 58.93M | 44.74M | 46.48M | 66.45M | 55.15M | Total Debt |
| 8.23M | 6.97M | 86.20K | 133.94K | 4.42M | Net Debt |
| 3.94M | 1.34M | -5.32M | -11.18M | -1.48M | Total Liabilities |
| 12.66M | 9.44M | 6.48M | 2.38M | 8.73M | Stockholders Equity |
| 46.27M | 35.29M | 40.00M | 64.07M | 46.42M |
| Cash Flow | Free Cash Flow | |||
| -7.08M | -13.04M | -9.25M | -7.09M | -6.46M | Operating Cash Flow |
| -4.30M | -6.81M | -2.39M | 6.05M | -2.08M | Investing Cash Flow |
| 3.75M | -3.96M | -7.13M | -10.96M | -2.63M | Financing Cash Flow |
| -785.67K | 10.98M | 3.62M | 10.33M | 5.66M |
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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $28.52B | 23.29 | 11.01% | 2.66% | 25.11% | 28.88% | |
75 Outperform | $16.97B | 23.37 | 16.97% | 1.44% | 60.56% | 302.20% | |
74 Outperform | $3.51B | ― | -0.38% | ― | 29.83% | 93.23% | |
51 Neutral | $1.19B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
49 Neutral | $1.95B | -1.21 | -21.28% | 3.72% | 1.18% | -30.47% | |
46 Neutral | AU$124.14M | ― | ― | ― | ― |
Horizon Minerals Ltd Corporate Events
Horizon Minerals Limited announced the quotation of 24,415 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code HRZ, effective from May 2, 2025. This move is part of the company’s ongoing efforts to enhance its capital structure and potentially improve liquidity, which could have positive implications for its market positioning and stakeholder confidence.
Horizon Minerals Limited has announced the appointment of Mr. Rob Waugh as a Non-Executive Director, effective May 1, 2025. With over 35 years of experience in the resources sector, particularly in gold and base metals, Mr. Waugh’s expertise is expected to be instrumental as Horizon embarks on significant drilling programs to grow its 1.8 million-ounce resource base. His previous roles include senior management positions at WMC Resources and BHP Billiton, and he recently led Musgrave Minerals to a successful acquisition. This strategic board appointment is anticipated to bring valuable insights and leadership to Horizon’s growth phase, potentially impacting its operations and market positioning positively.
Horizon Minerals Ltd reported its quarterly cash flow, highlighting a significant net cash outflow from operating activities amounting to $7.48 million, primarily due to production costs. Despite this, the company secured $9.545 million from financing activities, indicating a strategic move to bolster its financial position amid operational challenges.
Horizon Minerals Limited announced its first gold pours from the Boorara and Phillips Find projects, generating significant revenue through ore sale and toll milling agreements. The company completed a merger with Poseidon Nickel Limited, acquiring key infrastructure assets, and is progressing towards becoming a standalone gold producer with plans for further exploration and development activities in the upcoming quarter.
Horizon Minerals Limited has announced an updated Mineral Resource Statement following its merger with Poseidon Nickel Limited. The company’s resources now include 1.8 million ounces of gold, 20.2 million ounces of silver, 104,000 tonnes of zinc, 422,000 tonnes of nickel, and 7,800 tonnes of cobalt. This merger adds significant nickel resources and infrastructure, such as the Black Swan plant, which will be converted to support gold production. The company aims for sustained gold production and cash flow, with plans for further resource expansion through mergers and acquisitions and drilling activities.
Horizon Minerals Limited announced the cessation of 420,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and reflects the challenges in meeting performance conditions, potentially affecting stakeholder expectations and company operations.
Horizon Minerals Ltd announced the quotation of 1,927 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code HRZ, effective April 14, 2025. This move is part of their ongoing strategy to enhance liquidity and provide more opportunities for investors, potentially strengthening their market position and stakeholder engagement.
Horizon Minerals Limited has announced significant progress in its Phillips Find and Boorara Gold Projects. The company has completed the processing of the first ore parcel from Phillips Find and is set to process additional ore under a new Toll Milling Agreement. Boorara is now operating at a steady state, with substantial ore stockpiles ready for processing, ensuring continuous cash flow generation into 2026. The new agreements and steady operations are expected to enhance Horizon’s gold production and financial stability.
Horizon Minerals Ltd has completed the sale of ineligible and unmarketable shareholdings resulting from its merger with Poseidon Nickel Ltd. The sale, managed by Argonaut Securities Limited, involved 20,588,030 shares and generated proceeds of $1,263,929.90, which will be distributed to shareholders. This transaction finalizes the consolidation of shareholdings post-merger, ensuring that all ineligible and unmarketable shares have been addressed, potentially streamlining Horizon’s shareholder base and enhancing operational efficiency.
Horizon Minerals Ltd has announced the application for the quotation of 101,296 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective March 10, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market position, which could have implications for stakeholders by increasing the liquidity and visibility of its shares.
Horizon Minerals Limited has announced the appointment of two key executives to drive its operational growth plans. Ms. Adrianna Skok-Muir joins as Group Mining Engineer to manage the Life of Mine plan Feasibility Study, while Mr. Dirk Richards takes on the role of Project Manager to oversee the refurbishment of the Black Swan processing plant into a gold plant. These appointments are expected to enhance Horizon’s capabilities as it progresses towards its goal of becoming a mid-tier gold producer.
Horizon Minerals Ltd has released its Interim Financial Report for the half-year ending 31 December 2024. This announcement provides stakeholders with insights into the company’s financial performance over the specified period, which is crucial for assessing its operational health and strategic positioning in the mining sector.
Horizon Minerals Ltd has announced the issuance of 584,551 fully paid ordinary shares, which will be quoted on the ASX under the code HRZ as of February 28, 2025. This move reflects the company’s ongoing efforts to enhance its capital structure and potentially improve its market position, signaling a strategic step in its operational growth.
Horizon Minerals Limited announced a change in the director’s interest, specifically for Warren Hallam, who has increased his indirect holdings through the Hallam Superannuation Fund. The change involved the acquisition of 154,133 fully paid ordinary shares and 12,845 unlisted options, reflecting a strategic move that could impact the company’s governance and shareholder alignment.
Horizon Minerals Limited announced a change in the interests of its substantial holder, Golden Crane Holdings Limited, which has increased its voting power in the company. The number of votes attached to Golden Crane’s fully paid ordinary shares increased from 141 million to approximately 213.9 million, raising its voting power from 8.977% to 9.997%. This change reflects an allotment valued at A$3,280,000, suggesting a strategic move to strengthen Golden Crane’s influence within Horizon Minerals Limited, potentially impacting the company’s governance and future strategic decisions.
Horizon Minerals Ltd has announced the issuance of 72,888,888 fully paid ordinary shares at $0.045 each under the second tranche of a two-part placement. This move aligns with ASX Listing Rule 7.1 and was carried out without investor disclosure under Part 6D.2 of the Corporations Act, indicating compliance with relevant regulatory provisions. The announcement signifies a strategic step to bolster the company’s capital structure, potentially impacting its market positioning and stakeholder value.
Horizon Minerals Limited has announced the quotation of 72,888,888 ordinary fully paid securities on the Australian Securities Exchange (ASX), furthering its capital structure as part of previously announced transactions. This move could enhance the company’s market presence and provide additional liquidity, potentially impacting its operational capacity and stakeholder interest.
Horizon Minerals Limited has announced a change in its substantial shareholders as several entities based in Heidelberg, Germany, including Sparta Invest AG and DELPHI Unternehmensberatung Aktiengesellschaft, have ceased to be substantial holders as of February 19, 2025. This change occurred due to the dilution from the issuance of new shares, which impacts the voting securities of the company. The alteration in shareholder structure may indicate a strategic shift or financial restructuring within the company, potentially affecting its market positioning and stakeholder interests.
Horizon Minerals Ltd and Poseidon Nickel Limited have successfully implemented their merger through schemes of arrangement, resulting in Horizon acquiring full ownership of Poseidon’s shares and options. This strategic move involves the issuance of new HRZ shares and options to Poseidon’s securityholders and will lead to the delisting of Poseidon from the ASX. Key management roles have been restructured to facilitate a smooth transition, with several executive appointments and resignations aimed at integrating the operations of both companies.
Horizon Minerals Limited announced the issuance of 18,892,646 unlisted options set to expire on September 3, 2026, with an exercise price of A$0.0519. This issuance is part of previously announced transactions and reflects the company’s ongoing capital management strategy to enhance its financial flexibility.
Horizon Minerals Ltd has issued 4,444,444 fully paid ordinary shares to Argonaut PCF as part payment of a financial advisory fee for successfully completing a merger with Poseidon Nickel Limited. This share issuance was conducted under the company’s placement capacity according to ASX Listing Rule 7.1 and marks a significant step in Horizon’s strategic growth and industry positioning.
Horizon Minerals has announced progress on the Phillips Find Gold Project, with a joint venture agreement in place with BML Ventures for the development and mining of two open pits. The project has a low financial risk structure, with BML funding all costs and profits to be shared equally between the two companies. The first ore is being processed at the Greenfields mill, marking a significant step towards gold production and value generation for shareholders in a favorable gold price environment.
Horizon Minerals Ltd announced the effectiveness of its merger with Poseidon Nickel Limited through schemes of arrangement, acquiring 100% of Poseidon’s shares and options. This merger, approved by the Supreme Court of Western Australia, is expected to impact Horizon’s operations by expanding its portfolio and market reach, with trading of Poseidon’s securities being suspended on the ASX.