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Midas Minerals Limited
(Sydney:MM1)
Midas Minerals Limited (MM1) vs. iShares MSCI Australia ETF (EWA)
Midas Minerals Limited Business Overview & Revenue Model
Midas Minerals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -95.08K | -29.98K | 0.00 | -22.67K | 0.00 | 0.00 |
| EBITDA | -1.92M | -3.83M | -1.90M | -1.73M | -773.10K | 1.19M |
| Net Income | -2.16M | -3.86M | -5.31M | -1.75M | -1.02M | 671.28K |
Balance Sheet | ||||||
| Total Assets | 9.13M | 5.43M | 6.38M | 7.66M | 8.22M | 8.70M |
| Cash, Cash Equivalents and Short-Term Investments | 3.97M | 1.12M | 1.15M | 2.50M | 6.08M | 8.34M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 287.49K | 225.74K | 261.23K | 320.57K | 165.36K | 21.90K |
| Stockholders Equity | 8.84M | 5.20M | 6.12M | 7.34M | 8.05M | 8.67M |
Cash Flow | ||||||
| Free Cash Flow | -1.29M | -2.58M | -3.80M | -3.51M | -2.88M | -433.71K |
| Operating Cash Flow | -656.85K | -1.31M | -1.25M | -810.82K | -1.14M | -164.41K |
| Investing Cash Flow | -2.30M | -1.27M | -2.55M | -2.70M | -1.74M | 3.23M |
| Financing Cash Flow | 10.38M | 2.48M | 2.45M | -69.00K | 5.54M | 135.17K |
Midas Minerals Limited 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% | |
52 Neutral | AU$126.16M | -34.68 | -31.71% | ― | ― | ― | |
51 Neutral | AU$69.86M | -7.19 | -17.78% | ― | ― | ― | |
46 Neutral | AU$154.61M | -7.04 | -174.83% | ― | -100.00% | 24.82% | |
38 Underperform | AU$24.16M | -0.12 | -151.97% | ― | -28.16% | -1569.00% |
Midas Minerals Limited Corporate Events
Midas Minerals Limited has completed the acquisition of the Otavi Copper Project in Namibia from Nexa Resources, securing 10 exclusive prospecting licences over 1,776km² in a historically mineral-rich district where less than 40% of the tenure has seen modern exploration. The company has already begun an aggressive drilling campaign, with diamond rigs targeting resource definition at the high-grade T-13 copper-silver deposit, reverse circulation drilling underway at the Spaatzu prospect, and further drilling on the Deblin copper-gold-silver deposit and across the South Otavi Project scheduled for early 2026. Backed by approximately A$15.3 million in cash as at 30 September 2025, Midas is well funded to accelerate exploration at Otavi and South Otavi, aiming to rapidly build a resource base that could be transformational for its growth and enhance its position in the copper and precious metals exploration sector.
Midas Minerals Limited announced that all resolutions presented at their General Meeting were successfully passed. This includes the ratification of the issuance of Tranche 1 and 2 Placement Shares and the approval of Director Performance Rights, which are pivotal for the company’s strategic growth and shareholder value enhancement.
Midas Minerals Limited has released a presentation detailing its recent exploration results and project acquisitions, particularly in the Otavi region of Namibia. The company highlights its strategic expansion and the identification of copper over a significant strike length, which could enhance its market position and attract investor interest. However, the presentation also emphasizes the inherent risks associated with mineral exploration and investment in the company.
Midas Minerals Ltd has announced a General Meeting scheduled for December 17, 2025, where shareholders will vote on key resolutions. These include the ratification of Tranche 1 Placement Shares, approval for issuing Tranche 2 Placement Shares to Michael Bohm, and the issuance of Director Performance Rights. This meeting is significant for stakeholders as it involves decisions on share placements and director incentives, potentially impacting the company’s capital structure and governance.
Midas Minerals Limited has announced a change in the director’s interest in securities. Sara Kelly, a director of the company, has converted 500,000 Class A Performance Rights into fully paid ordinary shares, increasing her indirect interest through TYF Holdings Pty Ltd to 1,956,759 shares. This conversion reflects a strategic adjustment in the director’s investment portfolio, potentially indicating confidence in the company’s future performance.
Midas Minerals Limited announced the issuance of 1,000,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code MM1. This development reflects the company’s strategic move to enhance its capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.
Midas Minerals Limited has announced the issuance of 2,000,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code MM1. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its capital structure and providing greater financial flexibility to support its growth and development initiatives.
Midas Minerals Limited has made significant progress in its acquisition of the Otavi Copper Project in Namibia, with the transfer of project licenses to Otjitombo Mining and plans to commence drilling by the end of 2025. The company has also completed a 140-hole drill program at the South Otavi Project and secured $11.5 million in funding to support these initiatives. These developments are expected to enhance Midas’s exploration capabilities and strengthen its position in the copper mining sector, potentially benefiting stakeholders through increased resource definition and exploration success.