Kin Mining NL (AU:PTN)
ASX:PTN
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Kin Mining NL
(Sydney:PTN)
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Rating:43Neutral
Price Target:
AU$0.06
▼(-17.14% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance—minimal revenue, large losses, and ongoing cash burn—despite low balance-sheet leverage. Technicals add pressure with a clear downtrend and negative momentum, while valuation remains constrained by negative earnings and no provided dividend support.
Positive Factors
Conservative balance sheet / low leverage
Very low debt and substantial equity provide financial flexibility and reduce default risk, allowing the company time to progress exploration and development without immediate refinancing pressure. This supports project advancement and strategic options over the next several months.
Negative Factors
Persistent cash burn
Material negative operating and free cash flow show the company cannot self-fund exploration and development at present. Ongoing cash burn forces dependence on external financing or dilutive equity raises, which can delay project timelines and constrain execution options.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Very low debt and substantial equity provide financial flexibility and reduce default risk, allowing the company time to progress exploration and development without immediate refinancing pressure. This supports project advancement and strategic options over the next several months.
Read all positive factors
Kin Mining NL (PTN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$88.76M
Dividend YieldN/A
Average Volume (3M)4.25M
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,479,271,900
10 Day Avg. Volume4,885,046
30 Day Avg. Volume4,251,965
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.30
Price to Sales (P/S)1435.15
P/FCF Ratio-7.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kin Mining NL Business Overview & Revenue Model
Company Description
Patronus Resources Limited engages in the exploration and development of mineral properties in Australia. It explores for gold, base metal, uranium, zinc, lead, copper, and silver deposits. The company was formerly known as Kin Mining NL and chang...
How the Company Makes Money
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Kin Mining NL Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.00K | 70.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -632.79K | -1.20M | -80.43K | -137.34K | -1.58M | -180.45K |
| EBITDA | -12.36M | -37.00M | -8.62M | -8.79M | -11.17M | -15.29M |
| Net Income | -7.07M | -35.85M | 43.68M | -8.95M | -11.35M | -15.41M |
Balance Sheet | ||||||
| Total Assets | 77.03M | 81.27M | 86.24M | 21.76M | 13.93M | 17.98M |
| Cash, Cash Equivalents and Short-Term Investments | 74.61M | 69.60M | 16.78M | 4.47M | 3.65M | 7.44M |
| Total Debt | 158.26K | 215.97K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.60M | 3.82M | 2.24M | 3.50M | 3.50M | 3.13M |
| Stockholders Equity | 73.43M | 77.45M | 84.00M | 18.26M | 10.44M | 14.85M |
Cash Flow | ||||||
| Free Cash Flow | -9.97M | -13.46M | -8.29M | -8.80M | -10.74M | -14.56M |
| Operating Cash Flow | -9.70M | -13.24M | -8.09M | -8.79M | -10.70M | -14.25M |
| Investing Cash Flow | 10.17M | -2.24M | 20.40M | -10.73M | -31.49K | -195.19K |
| Financing Cash Flow | -86.44K | -160.39K | 0.00 | 20.34M | 6.94M | 20.22M |
Kin Mining NL Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
47 Neutral | AU$164.44M | -2.46 | -215.00% | ― | ― | ― | |
45 Neutral | AU$347.71M | -4.20 | -78.03% | ― | ― | 20.69% | |
43 Neutral | AU$88.76M | -10.68 | -9.37% | ― | ― | ― | |
42 Neutral | AU$46.10M | -1.01 | -47.55% | ― | ― | ― |
* Basic Materials Sector Average
AU:PTN
Kin Mining NL
0.06
0.00
0.00%
DE:TJ30
Ora Gold
0.02
0.01
110.00%
DE:UH40
Southern Gold Limited
0.01
0.00
0.00%
AU:ASL
Mitre Mining Corporation Limited
1.64
0.41
32.93%
AU:TNC
True North Copper
0.30
-0.06
-16.11%
AU:WTM
Battery Minerals Ltd.
0.53
0.37
231.25%
Kin Mining NL Corporate Events
Patronus Resources Releases Interim Financial Report for December 2025 Half-Year
Mar 12, 2026
Patronus Resources Limited has released its interim financial report for the half-year ended 31 December 2025, detailing its condensed consolidated financial statements and accompanying notes. The report includes profit or loss, financial position...
Patronus Resources Confirms Broad Gold Anomalies at Pine Creek Project
Feb 27, 2026
Patronus Resources has completed infill surface sampling on a 400m by 100m grid over high-priority gold targets at its Pine Creek Project in the Northern Territory, returning a total of 5,518 samples across its tenure. The latest results confirm b...
Patronus Resources Halts Trading Ahead of Exploration Update and ASX Price Query Response
Feb 27, 2026
Patronus Resources Limited has requested and been granted a trading halt on its ordinary securities on the ASX, effective from 27 February 2026. The halt will remain in place until either the release of a pending announcement or the commencement o...
Patronus Resources Posts Strong Quarter on High-Grade Gold and Uranium Hits
Jan 29, 2026
Patronus Resources reported a strong December 2025 quarter, highlighted by encouraging drilling results across its Western Australian and Northern Territory projects and a solid cash position of $74.6 million. At the Cardinia Gold Project, follow-...
Patronus Resources Posts Operating Cash Outflow as Exploration Spending Rises
Jan 29, 2026
Patronus Resources Limited reported a net cash outflow from operating activities of A$3.47 million for the quarter ended 31 December 2025, driven primarily by A$3.27 million in exploration and evaluation expenditure and higher staff and corporate ...
CGN Resources Secures District-Scale Landholding in Leonora Gold Province
Jan 27, 2026
CGN Resources has struck a binding agreement to acquire the Desdemona Project from Patronus Resources, adding 142km² of mining, exploration and prospecting licences that adjoin its existing Leonora Gold Project in Western Australia. The all-e...
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.
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