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Ora Gold
(Sydney:NMG)
Ora Gold (NMG) vs. iShares MSCI Australia ETF (EWA)
Ora Gold Business Overview & Revenue Model
Ora Gold Financial Statement Overview
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.96M | 13.75K | 24.03K | 378.00 | 2.00K |
| Gross Profit | 8.34M | 0.00 | 24.03K | -12.57K | -19.22K |
| EBITDA | 7.16M | -2.59M | -1.97M | -2.05M | -2.18M |
| Net Income | 4.79M | -2.71M | -2.16M | -2.31M | -2.40M |
Balance Sheet | |||||
| Total Assets | 77.11M | 14.75M | 7.11M | 243.69K | 367.26K |
| Cash, Cash Equivalents and Short-Term Investments | 19.75M | 3.39M | 2.30M | 108.74K | 257.45K |
| Total Debt | 479.43K | 112.27K | 165.36K | 4.32M | 3.46M |
| Total Liabilities | 18.87M | 1.09M | 2.14M | 4.64M | 3.77M |
| Stockholders Equity | 58.24M | 13.66M | 4.97M | -4.39M | -3.40M |
Cash Flow | |||||
| Free Cash Flow | -10.47M | -3.24M | -4.10M | -2.06M | -2.20M |
| Operating Cash Flow | -3.80M | -3.18M | -765.88K | -905.95K | -1.03M |
| Investing Cash Flow | -18.00M | -6.17M | -3.67M | -1.14M | -1.17M |
| Financing Cash Flow | 38.15M | 10.44M | 6.63M | 1.90M | 722.50K |
Ora Gold 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% | |
60 Neutral | AU$749.63M | 59.59 | -12.04% | ― | ― | ― | |
53 Neutral | AU$60.45M | -4.62 | -27.44% | ― | ― | ― | |
47 Neutral | AU$233.49M | -2.46 | -135.79% | ― | ― | ― | |
46 Neutral | AU$119.82M | -2.80 | -44.41% | ― | ― | ― | |
45 Neutral | AU$518.91M | -8.59 | -78.03% | ― | ― | 20.69% | |
44 Neutral | AU$329.46M | -57.50 | -6.62% | ― | ― | 72.45% |
Ora Gold Corporate Events
Ora Gold has disclosed a change in the indirect interests of director Malcolm R. J. Randall, held through Renique Holdings Pty Ltd as trustee for the Randall Super Fund. Over the period from 29 January to 3 February 2026, Randall exercised 5 million unquoted options, converting them into ordinary shares, and conducted an on‑market sale of 2.5 million ordinary shares, resulting in a net increase in his holding to 38,114,583 ordinary fully paid shares, while his 5 million expiring options were cancelled. The transaction reflects routine portfolio and capital management by a senior insider, with no change to his remaining longer-dated option holdings, and provides investors with updated transparency on director alignment and exposure to the company’s equity.
The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.
New Murchison Gold disclosed that 22 million fully paid ordinary shares were issued after vested option exercises, executed without a prospectus under the Corporations Act. The company emphasizes compliance with continuous disclosure obligations and notes no undisclosed information, signalling orderly capital management rather than operational change.
The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.
New Murchison Gold reported a strong first full quarter of production from its Crown Prince Gold Mine to 31 December 2025, with mining centred on the stage 1 open pit and progressive integration of the stage 2 pit planned for the first half of 2026. Benefiting from high gold prices, the company blended lower-grade material with high-grade ore to achieve a mined-to-ROM grade of 4.0 g/t, sold 187,384 tonnes of ore – exceeding contracted volumes – and generated cash of $72.3 million, while remaining unhedged, debt-free and holding $92 million in cash at quarter end. Exploration efforts shifted toward assessing underground potential at Crown Prince and advancing near-term open pit targets at Crown Prince East, Lydia and Abbotts, with in-pit drilling to support future resource estimates and post-quarter high-grade results at Lydia pointing to a potential near-term addition to the production pipeline; the company also moved its financial year-end to June to align with other ASX-listed gold producers.
The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.08 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 has convened its Annual General Meeting for 27 February 2026 in West Perth, Western Australia, and is transitioning to primarily electronic distribution of meeting materials in accordance with Australian corporate law. Shareholders are being urged to adopt paperless communications, access the Notice of Meeting and proxy forms online, and lodge directed proxy votes by 25 February 2026, with the company highlighting cost savings, faster information delivery and reduced resource use, while also encouraging advance submission of questions and signalling that any changes to meeting arrangements will be communicated via ASX announcements.
The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.08 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 has issued 20 million fully paid ordinary shares following the exercise of vested options, modestly increasing its share base as it advances its gold exploration activities. The company confirmed the shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and stated it is up to date with its financial reporting and continuous disclosure obligations, signalling regulatory compliance and transparency to shareholders and potential investors.
The most recent analyst rating on (AU:NMG) stock is a Hold with a A$0.07 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 has applied to the ASX for quotation of 20 million new ordinary fully paid shares, issued on 20 January 2026. The additional securities, arising from the exercise of options or conversion of other instruments, will expand the company’s listed share capital and may enhance liquidity in its stock, with potential implications for existing shareholders through dilution and for the company’s capacity to fund future activities.
The most recent analyst rating on (AU:NMG) stock is a Hold with a A$0.07 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 reported a strong first full quarter of production from its Crown Prince Gold Mine, selling 184,746 dry tonnes of crushed ore at an agreed grade of 4.0g/t gold and 95.9% recovery, equating to 22,766 ounces of gold delivered to Westgold Resources’ Bluebird processing facility. The company ended the December 2025 quarter with $92 million in cash, reinforcing a solid balance sheet that management says positions it well to advance further near-term production opportunities across its broader Garden Gully tenure and consolidate its growth trajectory in the Murchison goldfield.
The most recent analyst rating on (AU:NMG) stock is a Hold with a A$0.07 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 has announced a series of corporate and reporting changes as it transitions from gold explorer to producer, including shifting its financial year-end from 30 September to 30 June to bring its reporting timetable into line with other ASX-listed gold producers. The company will introduce a nine‑month transitional financial year to 30 June 2026 with corresponding interim and full-year reporting and will seek shareholder approval to appoint BDO Audit as its new auditor, while committing to hybrid annual general meetings in future to improve access for interstate and overseas investors, signalling a more mature governance framework and closer alignment with its producer peer group.
The most recent analyst rating on (AU:NMG) stock is a Hold with a A$0.07 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 has notified the market of the issue of 1,162,046 unquoted performance rights under its employee incentive scheme, effective 15 January 2026. The new securities, which will not be quoted on the ASX, are part of the company’s remuneration and retention framework and are likely aimed at aligning employee interests with shareholder value as the company advances its gold projects.
The most recent analyst rating on (AU:NMG) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.
New Murchison Gold has reported high-grade drilling results from the Lydia gold prospect, located on a granted mining lease about 800 metres west of its Crown Prince Gold Mine in Western Australia. Recent reverse circulation and diamond drilling along the Lydia shear zone have extended the known depth and strike of the main mineralised structure, with multiple strong intercepts confirming mineralisation similar in style and thickness to Crown Prince. The company is evaluating Lydia as a potential addition to its production line, aiming to leverage existing infrastructure at Crown Prince to accelerate development and integrate the prospect into its resource and reserve inventory, which could strengthen its near-mine production profile and enhance project economics.
The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.05 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 has scheduled its Annual General Meeting for 10:00am AWST on Friday, 27 February 2025, with details on venue and resolutions to be provided in a forthcoming notice to shareholders via the ASX platform and the company’s website. The AGM will consider the re-election of certain directors, and the company has set 5:00pm AWST on Tuesday, 13 January 2026 as the deadline for nominations from individuals wishing to stand for election to the board, signalling an upcoming window for potential changes in board composition and governance.
The most recent analyst rating on (AU:NMG) stock is a Hold with a A$0.05 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 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, 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 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, 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 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.