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Sunshine Gold Ltd
(Sydney:SHN)
Sunshine Gold Ltd (SHN) vs. iShares MSCI Australia ETF (EWA)
Sunshine Gold Ltd Business Overview & Revenue Model
Sunshine Gold Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -122.20K | -1.31M | -390.43K | -8.54K | 0.00 |
| EBITDA | -2.89M | -1.20M | -2.18M | -1.28M | -1.30M | 0.00 |
| Net Income | ― | -6.93M | -3.49M | -1.67M | -1.06M | 21.56K |
Balance Sheet | ||||||
| Total Assets | 16.07M | 17.29M | 16.74M | 12.44M | 7.22M | 3.64M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 3.39M | 3.33M | 1.85M | 2.19M | 3.29M |
| Total Debt | 34.42K | 86.46K | 185.97K | 268.29K | 27.46K | ― |
| Total Liabilities | 2.33M | 2.58M | 2.12M | 982.28K | 202.50K | 74.19K |
| Stockholders Equity | 13.73M | 14.71M | 14.62M | 11.45M | 7.02M | 3.57M |
Cash Flow | ||||||
| Free Cash Flow | ― | -6.86M | -5.17M | -5.14M | -2.69M | -695.12K |
| Operating Cash Flow | ― | -713.42K | -1.23M | -1.03M | -1.12M | -681.00K |
| Investing Cash Flow | ― | -6.17M | -3.80M | -4.15M | -489.56K | 741.88K |
| Financing Cash Flow | 0.00 | 6.95M | 6.50M | 4.84M | 1.71M | 0.00 |
Sunshine Gold Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
44 Neutral | C$953.01M | -6.70 | -13.31% | 2.79% | 17.55% | -32.28% | |
32 Underperform | AU$22.96M | ― | -47.04% | ― | ― | -30.23% | |
| $1.64B | 11.55 | 21.73% | ― | ― | ― | ||
| $17.11B | 21.45 | 11.01% | 2.71% | ― | ― | ||
| $9.86B | 21.16 | 16.97% | 1.81% | ― | ― | ||
| $2.32B | 25.89 | 13.42% | 0.84% | ― | ― | ||
| $1.89B | 7.82 | 26.42% | 1.22% | ― | ― |
Sunshine Gold Ltd Corporate Events
Sunshine Metals Limited has released its quarterly cash flow report for the period ending March 31, 2025. The report highlights a net cash outflow from operating activities of $211,000 and a significant investment in exploration and evaluation, amounting to $923,000. Despite these expenditures, the company secured $594,000 from shares to be issued, resulting in a net cash inflow from financing activities. The overall cash position decreased from $1.5 million at the beginning of the period to $963,000 at the end, reflecting the company’s ongoing investment in its exploration projects.
Sunshine Gold Limited has reissued its ‘Gold Coast Gold Investor Presentation’ to clarify a statement regarding ‘toll treating available.’ The company emphasized that it has not entered into any agreements or negotiations for toll treating and has not completed studies to determine mining viability or start dates for mining activities. This clarification aims to prevent any potential confusion among stakeholders.
Sunshine Metals Limited has initiated a reverse circulation drilling program at the Liontown site, part of the Ravenswood Consolidated Project, to enhance their existing gold and silver resources. The drilling aims to upgrade the current Inferred Resource to Indicated status and gather samples for metallurgical testing, which is crucial for determining the recoverability of these resources. This initiative is part of Sunshine’s strategy to fast-track the development of near-surface gold resources to leverage current gold prices, potentially impacting their operational capacity and market positioning positively.
Sunshine Metals Limited has announced a General Meeting to be held on May 20, 2025, where shareholders will vote on several key resolutions. The agenda includes ratifying the prior issue of placement shares, approving the issuance of free attaching placement options, and granting approval for directors to participate in placements. These resolutions are aimed at strengthening the company’s financial position and enhancing its market operations.
Sunshine Metals Limited has announced a General Meeting of Shareholders to be held on May 20, 2025, in Perth, Australia. The company is encouraging shareholders to submit proxy voting instructions electronically or via mail ahead of the meeting. This meeting is a significant event for stakeholders as it may impact future company decisions and strategies. Sunshine Metals continues to focus on its mineral exploration projects, with notable prospects in gold, copper, and other base metals, positioning itself as a key player in the mining sector.
Sunshine Metals Limited has issued 396,666,667 fully paid ordinary shares at $0.006 per share through a share placement to sophisticated and professional investors. This move, conducted without a disclosure under Part 6D.2 of the Corporations Act, is part of the company’s strategy to raise capital and strengthen its market position. The issuance complies with relevant provisions of the Corporations Act, and there is no excluded information that needs to be disclosed, indicating transparency and adherence to regulatory requirements.
Sunshine Metals Limited has announced the issuance of 396,666,667 ordinary fully paid securities, which will be quoted on the ASX. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the company’s capital base.
Sunshine Metals Limited has announced a proposed issue of securities, including unlisted options and ordinary shares, set to be issued on May 21, 2025. This strategic move is aimed at raising capital to support the company’s ongoing projects and enhance its operational capabilities, potentially strengthening its position in the metals industry and offering new opportunities for stakeholders.
Sunshine Metals Limited announced a proposed issue of 396,666,667 fully paid ordinary securities, scheduled for April 3, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s market position by increasing its capital base and enhancing its financial flexibility.
Sunshine Metals Limited has announced a successful $3.0 million share placement to accelerate drilling and mining studies at its Ravenswood Consolidated Project. The funds will be used to advance shallow oxide gold targets, with significant shareholder support, including an increased stake by Lion Selection Group Ltd. This financial boost is expected to enhance Sunshine’s operational capabilities and potentially improve its market positioning by rapidly evaluating the commercial potential of its gold assets.
Sunshine Metals Limited has completed a 7-hole RC drilling program at the Tigertown gold prospect, part of the Ravenswood Consolidated Project, intercepting broad zones of quartz-carbonate-barite veining. These findings align with historical geological records and suggest a potentially larger gold-silver mineral system at Tigertown. The company anticipates releasing assay results in April 2025 and plans to continue testing other shallow gold targets in the coming months, which could significantly impact its operations and industry positioning.
Sunshine Metals Limited has released its interim financial report for the period ending December 31, 2024. The report includes a detailed overview of the company’s financial performance, including profit or loss, comprehensive income, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational efficiency, potentially impacting investor confidence and market positioning.
Sunshine Metals Limited has identified a promising gold-copper target at the Coronation prospect, part of its Ravenswood Consolidated Project. The company has conducted extensive geophysical and geochemical surveys, revealing significant anomalies that suggest the presence of massive sulphide deposits. The upcoming drilling program aims to explore these shallow gold targets and refine deeper sulphide targets, potentially enhancing Sunshine Metals’ resource base and strengthening its position in the mining sector.
Sunshine Metals Limited has announced the commencement of drilling at the Tigertown site, part of the Ravenswood Consolidated Project. Following recent mapping and sampling that revealed significant gold and silver mineralization, the company aims to define a shallow gold resource near its existing Liontown resource. The announcement highlights Tigertown’s potential to enhance Sunshine’s portfolio and strengthen its position in the mining sector, offering promising implications for stakeholders.
Sunshine Metals Limited, a company listed on the Australian Securities Exchange (ASX) under the ticker SHN, has announced the relocation of its Registered Office and Principal Place of Business effective from February 13, 2025. This move will see the company operating from a new address at Unit 26, 31-45 Eyre Street, North Ward, QLD 4810, while maintaining the same contact telephone number. The relocation signifies a strategic move for Sunshine Metals Limited, potentially impacting its operational logistics and stakeholder engagement.