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Ora Gold Ltd. (AU:NMG)
ASX:NMG

Ora Gold (NMG) AI Stock Analysis

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AU:NMG

Ora Gold

(Sydney:NMG)

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Neutral 63 (OpenAI - 5.2)
Rating:63Neutral
Price Target:
AU$0.05
▲(2.00% Upside)
The score is driven by improving profitability and a strong, low-debt balance sheet, but materially offset by ongoing negative operating and free cash flow. Technical indicators are supportive, while valuation is a key headwind due to the very high P/E and lack of dividend yield.

Ora Gold (NMG) vs. iShares MSCI Australia ETF (EWA)

Ora Gold Business Overview & Revenue Model

Company DescriptionNew Murchison Gold Limited engages in the mineral exploration activities in Australia. The company explores for gold. Its flagship property is the Garden Gully property consisting of 677 square kilometers tenure package located in the Abbotts Greenstone Belt north of Meekatharra. The company was formerly known as Ora Gold Limited and changed its name to New Murchison Gold Limited in November 2024. New Murchison Gold Limited was incorporated in 2003 and is based in West Perth, Australia.
How the Company Makes Money

Ora Gold Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue17.96M17.96M13.75K24.03K378.002.00K
Gross Profit8.34M8.34M0.0024.03K-12.57K-19.22K
EBITDA7.16M7.16M-2.59M-1.97M-2.05M-2.18M
Net Income4.79M4.79M-2.71M-2.16M-2.31M-2.40M
Balance Sheet
Total Assets77.11M77.11M14.75M7.11M243.69K367.26K
Cash, Cash Equivalents and Short-Term Investments19.75M19.75M3.39M2.30M108.74K257.45K
Total Debt479.43K479.43K112.27K165.36K4.32M3.46M
Total Liabilities18.87M18.87M1.09M2.14M4.64M3.77M
Stockholders Equity58.24M58.24M13.66M4.97M-4.39M-3.40M
Cash Flow
Free Cash Flow-10.47M-10.47M-3.24M-4.10M-2.06M-2.20M
Operating Cash Flow-3.80M-3.80M-3.18M-765.88K-905.95K-1.03M
Investing Cash Flow-18.00M-18.00M-6.17M-3.67M-1.14M-1.17M
Financing Cash Flow38.15M38.15M10.44M6.63M1.90M722.50K

Ora Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
AU$541.11M120.00-12.04%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
54
Neutral
AU$57.87M-9.43-27.44%
53
Neutral
AU$401.58M-97.22-6.62%72.45%
50
Neutral
AU$518.87M-20.37-78.03%20.69%
47
Neutral
AU$173.19M-4.03-135.79%
46
Neutral
AU$113.90M-3.47-44.41%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NMG
Ora Gold
0.05
0.04
380.00%
AU:JLL
Jindalee Resources Limited
0.68
0.47
221.43%
AU:ASL
Mitre Mining Corporation Limited
2.42
1.47
154.74%
AU:GG8
Labyrinth Resources Limited
0.53
0.27
101.92%
AU:WTM
Battery Minerals Ltd.
0.54
0.39
260.00%
AU:PTN
Kin Mining NL
0.08
0.02
26.67%

Ora Gold Corporate Events

New Murchison Gold Cancels 950,000 Lapsed Performance Rights
Dec 19, 2025

New Murchison Gold Limited has announced the cessation of 950,000 performance rights (ASX code NMGAAD) after the conditions attached to those rights were not met or became incapable of being satisfied as of 19 December 2025. The lapse of these conditional securities effectively reduces the company’s potential future dilution from share-based incentives and signals that certain performance or operational milestones tied to these rights have not been achieved, which may influence investor perception of management’s progress against targets.

The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.

New Murchison Gold Limited Releases 2025 Annual Report
Dec 12, 2025

New Murchison Gold Limited, listed on the Australian Securities Exchange under the code NMG, has released its annual report detailing its corporate structure, financial statements, and operational highlights for 2025. The report includes a review of operations, mineral resources and ore reserve estimates, and financial performance, providing stakeholders with comprehensive insights into the company’s activities and strategic direction.

The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.

New Murchison Gold Limited Reinforces Corporate Governance Framework
Dec 12, 2025

New Murchison Gold Limited has released its Corporate Governance Statement for the year ending September 2025, highlighting its adherence to the ASX Corporate Governance Principles and Recommendations. The company has implemented a comprehensive governance framework, including various charters and policies, to ensure transparency and accountability. Recent board changes include the resignation of executive director Mr. Frank DeMarte and the appointment of Ms. Joanne Palmer as an independent non-executive director. These governance practices and leadership changes are designed to strengthen the company’s oversight and operational efficiency, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.

New Murchison Gold Limited Announces Cessation of Securities
Dec 11, 2025

New Murchison Gold Limited, operating under the ASX issuer code NMG, announced the cessation of 15,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This development indicates a reduction in the company’s issued capital, which may impact its financial structure and investor relations.

The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.

New Murchison Gold Updates Crown Prince Mine Resource Estimates
Dec 11, 2025

New Murchison Gold Limited has released its annual review of Mineral Resources and Ore Reserves Estimates for the Crown Prince Gold Mine, reflecting mining depletion up to September 30, 2025. The company commenced mining operations in July 2025 and reported production of 160,000 tonnes of ore, yielding 9,959 ounces of gold. As part of its strategic focus, NMG is exploring the underground potential of Crown Prince and nearby deposits, with plans for a resource estimate update in early 2026.

The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.

New Murchison Gold Issues Shares to Employees
Nov 18, 2025

New Murchison Gold Limited has issued 10 million fully paid ordinary shares to its employees following the exercise of vested employee options. This move, compliant with the Corporations Act, enhances employee engagement and aligns with corporate governance standards, potentially impacting the company’s market position and shareholder value.

New Murchison Gold Limited Issues 10 Million New Shares
Nov 18, 2025

New Murchison Gold Limited announced the issuance of 10,000,000 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) under the code NMG. This move is part of the company’s strategy to enhance its capital base, potentially strengthening its market position and providing opportunities for growth and investment in its gold mining operations.

New Murchison Gold Limited Issues Shares to Employees
Nov 4, 2025

New Murchison Gold Limited announced the issuance of 10,000,000 fully paid ordinary shares to its employees following the exercise of vested employee options. This move, executed without disclosure to investors under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and supports its employee incentive schemes.

New Murchison Gold Limited to Quote 10 Million New Securities on ASX
Nov 4, 2025

New Murchison Gold Limited has announced the issuance of 10,000,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code NMG. This move reflects the company’s efforts to enhance its capital base and potentially increase its market influence, providing stakeholders with opportunities for investment and growth.

New Murchison Gold Issues Shares to Employees
Nov 3, 2025

New Murchison Gold Limited announced the issuance of 5,200,000 fully paid ordinary shares to its employees following the exercise of vested employee options. This move, executed without disclosure to investors under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and its commitment to employee incentives, potentially impacting its market capitalization and stakeholder interests.

New Murchison Gold Limited Issues 5.2 Million New Securities
Nov 3, 2025

New Murchison Gold Limited, a company listed on the Australian Securities Exchange (ASX) under the code NMG, has announced the issuance of 5,200,000 new ordinary fully paid securities. This move is part of their strategy to exercise options or convert other convertible securities, which could potentially impact the company’s market position by increasing its capital base and liquidity.

New Murchison Gold Completes Successful Ramp-Up at Crown Prince Mine
Nov 2, 2025

New Murchison Gold Limited has successfully completed a strong production ramp-up at the Crown Prince Gold Mine, with significant ore being processed and trucked to Westgold Resources’ Bluebird facility. The company has exceeded expectations in its second month of operations, establishing a solid foundation for continued production and allowing a renewed focus on exploration for future opportunities.

Ora Gold Issues 2 Million Shares to Employees
Oct 28, 2025

New Murchison Gold Limited, trading as Ora Gold, has issued 2,000,000 fully paid ordinary shares to its employees following the exercise of vested employee options. This issuance was conducted without disclosure to investors under the Corporations Act, and the company confirms compliance with relevant statutory provisions. This move could potentially impact the company’s market capitalization and shareholder value.

New Murchison Gold Limited Announces Quotation of 2 Million Securities
Oct 28, 2025

New Murchison Gold Limited, operating under the ASX issuer code NMG, has announced the quotation of 2,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of the company’s strategic efforts to enhance its market presence and liquidity, potentially impacting its operational capabilities and offering new opportunities for stakeholders.

New Murchison Gold Transitions to Gold Production at Crown Prince
Oct 28, 2025

New Murchison Gold Limited has commenced gold production at the Crown Prince Gold Mine, marking a significant transition from exploration to production. The company has successfully ramped up operations, achieving a mining rate of 40,000 tonnes per month and producing 3,231 ounces of recoverable gold in its first month. The completion of a $15 million capital raising and inclusion in the S&P/ASX All Ordinaries Index reflect NMG’s strengthened market position. Ongoing exploration has revealed promising high-grade mineralization, supporting potential underground mining at Crown Prince and further regional opportunities.

New Murchison Gold Issues Employee Performance Rights
Oct 7, 2025

New Murchison Gold Limited has announced the issuance of unquoted equity securities in the form of employee performance rights. This move involves the issuance of 13,727,725 performance rights as part of an employee incentive scheme, which is not intended to be quoted on the ASX. This strategic decision is likely aimed at enhancing employee motivation and aligning their interests with the company’s growth objectives.

New Murchison Gold Issues Shares to Employees
Oct 6, 2025

New Murchison Gold Limited has issued 2,000,000 fully paid ordinary shares to its employees following the exercise of vested employee options. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant legal provisions, indicating a strategic move to incentivize employees and potentially strengthen its market position.

New Murchison Gold Limited Announces Quotation of New Securities
Oct 6, 2025

New Murchison Gold Limited, operating under the ASX issuer code NMG, has announced the quotation of 2,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move, effective from October 7, 2025, signifies the company’s strategic efforts to enhance its market presence and potentially attract more investors by increasing the liquidity of its shares.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 04, 2026