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Medallion Metals Ltd
(Sydney:MM8)
Medallion Metals Ltd (MM8) vs. iShares MSCI Australia ETF (EWA)
Medallion Metals Ltd Business Overview & Revenue Model
Medallion Metals Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.48M | 1.86M | 3.03M | 2.14M | 503.47K | 503.90K |
| Gross Profit | 1.48M | 1.86M | 3.03M | 2.14M | 503.47K | -1.05M |
| EBITDA | -2.41M | -2.58M | -4.68M | -3.21M | -3.57M | -2.54M |
| Net Income | -3.51M | -2.94M | -5.09M | -3.60M | -3.77M | -2.63M |
Balance Sheet | ||||||
| Total Assets | 20.30M | 16.42M | 15.59M | 15.93M | 16.85M | 17.26M |
| Cash, Cash Equivalents and Short-Term Investments | 3.33M | 1.71M | 497.82K | 1.84M | 8.82M | 12.54M |
| Total Debt | 2.92M | 2.93M | 4.10M | 4.04M | 4.11M | 4.03M |
| Total Liabilities | 5.11M | 4.48M | 5.77M | 6.04M | 8.49M | 6.26M |
| Stockholders Equity | 15.19M | 11.94M | 9.82M | 9.89M | 8.36M | 11.00M |
Cash Flow | ||||||
| Free Cash Flow | -4.01M | -2.16M | -6.02M | -11.14M | -3.94M | -2.50M |
| Operating Cash Flow | -1.94M | -1.57M | -3.87M | -5.18M | -1.98M | -2.49M |
| Investing Cash Flow | -1.91M | -491.39K | -2.14M | -5.95M | -1.96M | -12.82K |
| Financing Cash Flow | 4.56M | 3.34M | 4.59M | 4.16M | 10.50M | -8.33K |
Medallion Metals Ltd Technical Analysis
Medallion Metals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
45 Neutral | AU$114.45M | ― | -24.51% | ― | -100.00% | 42.77% | |
45 Neutral | AU$78.52M | ― | -93.33% | ― | ― | -347.84% | |
43 Neutral | AU$1.41B | -6.14 | -40.74% | 4.12% | -3.45% | -41.77% | |
42 Neutral | AU$83.72M | ― | ― | ― | ― | ||
38 Underperform | AU$128.25M | ― | -16.72% | ― | ― | -28.95% | |
35 Underperform | AU$98.21M | ― | -27.89% | ― | ― | 55.31% | |
29 Underperform | $136.64M | ― | -1602.47% | ― | ― | -30.00% |
Medallion Metals Ltd Corporate Events
Medallion Metals Limited has reported promising infill drilling results from the Kundip Mining Centre, part of its Ravensthorpe Gold Project. The results, which include significant gold and copper grades, enhance confidence in the existing Mineral Resource Estimate and suggest substantial growth potential for the deposit. The company plans to incorporate these findings into an updated Mineral Resource Estimate and feasibility study, with further drilling and geophysical surveys scheduled for later in the year. These developments could significantly impact the project’s economics and Medallion’s decision-making process regarding future development.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Ltd has reached a significant milestone in its Ravensthorpe Gold Project by acquiring 258 hectares of land to fulfill environmental offset requirements, crucial for obtaining necessary federal and state approvals. This acquisition supports the company’s Sulphide Development Strategy, which involves underground mining and processing, and positions Medallion to advance its project approvals with increased confidence, potentially impacting its operational timeline and stakeholder interests.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Limited has announced an upcoming General Meeting of Shareholders scheduled for July 16, 2025. The company emphasizes the importance of the meeting notice, urging shareholders to participate and submit proxy forms online. This meeting is a significant event for stakeholders, as it provides an opportunity to engage with the company’s strategic decisions and future direction.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Limited has issued 29,885,020 ordinary shares without a disclosure to investors under the Corporations Act, complying with relevant legal provisions. This move is part of the company’s strategic efforts to bolster its financial position and potentially expand its operations, reflecting its commitment to growth and compliance with regulatory standards.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Ltd has announced the issuance of 1,250,000 fully paid ordinary securities, which will be quoted on the ASX under the security code MM8. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market position and providing new opportunities for stakeholders.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Ltd has announced the application for quotation of 28,635,020 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code MM8. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Limited has announced significant drilling results from the Kundip Mining Centre, part of its Ravensthorpe Gold Project. The results have reinforced confidence in the existing Mineral Resource Estimate and highlighted the potential for growth in the shallowly drilled deposit. The drilling program, which has now concluded, will inform an updated Mineral Resource Estimate expected in July. This update will play a crucial role in the feasibility study mine plan, with further drilling anticipated to recommence in the third quarter of 2025.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Ltd has announced a proposed issue of 130,952,381 ordinary fully paid securities, scheduled for issuance on May 26, 2025. This move is part of a placement or other type of issue, indicating the company’s efforts to raise capital, which could impact its financial position and market operations.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Ltd has successfully raised $27.5 million through an institutional placement, which will bolster its efforts to advance the Ravensthorpe Gold Project and acquire the Forrestania Nickel Operation. This financial backing is a strong endorsement of Medallion’s strategy and assets, positioning the company to accelerate its gold and copper production plans. The placement will fund pre-development activities, infill drilling, and a Bankable Feasibility Study, with a final investment decision expected in the fourth quarter of 2025. The strategic acquisition of the Forrestania infrastructure is seen as a key component in creating a rapid, low-capex pathway to production, enhancing Medallion’s industry positioning and offering attractive returns on investment.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Limited has requested a trading halt on its securities pending an upcoming announcement regarding a capital raising. The halt is expected to last until May 19, 2025, or until the announcement is made, indicating a strategic financial maneuver that could impact the company’s market activities.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
Medallion Metals Limited has announced significant extensions to the high-grade lodes at its Gem deposit within the Kundip Mining Centre. The recent drilling results have extended the lode position up to 80 meters beyond the current Mineral Resource boundary, indicating substantial upside potential for the company’s sulphide Mineral Resource Estimate. These findings are expected to positively impact the company’s near-term development strategy and project economics, as they suggest potential for extending mine life and increasing production inventory. The results will inform an upcoming Mineral Resource Estimate update and support the feasibility study for the Ravensthorpe-Forrestania sulphide development strategy.
Medallion Metals Limited announced that its Managing Director, Paul Bennett, will be providing investor updates, including a presentation at the RIU Resources Roundup Conference. This initiative is part of the company’s strategy to communicate its rapid pathway to strong cash flows, highlighting its sulphide production strategy in the Ravensthorpe-Forrestania region. The announcement underscores Medallion Metals’ commitment to enhancing its market position and delivering value to its stakeholders.
Medallion Metals Limited has amended its agreement with IGO Limited to acquire a 100% interest in the Forrestania Nickel Operation, including all tenements and associated infrastructure, while IGO retains rights to explore and mine nickel and lithium. Medallion will grant IGO a 1.5% royalty on future gold production from these tenements. This strategic acquisition aims to enhance Medallion’s gold production capabilities and potentially revitalize the Forrestania region as a significant gold production district, with completion targeted for late 2025.
Medallion Metals Limited has made significant progress in negotiations with IGO Limited for the acquisition of the Cosmic Boy Process Plant at the Forrestania Nickel Operation, which could enhance their sulphide development strategy. Concurrently, Medallion’s Ravensthorpe Gold Project has reported promising drilling results and received substantial interest from potential copper concentrate offtake parties, alongside a positive environmental assessment outcome, bolstering the company’s strategic positioning and growth potential.
Medallion Metals Limited announced that its Managing Director, Paul Bennett, will be providing investor updates at the Gold Coast Gold Conference. This initiative is part of the company’s strategy to engage with stakeholders and highlight its sulphide production strategy, which aims to enhance cash flow and strengthen its market position.