Sunshine Gold Ltd (AU:SHN)
ASX:SHN
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Sunshine Gold Ltd
(Sydney:SHN)
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Rating:41Neutral
Price Target:
AU$0.03
▲(60.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily weighed down by weak financial performance (no revenue, persistent losses, and ongoing cash burn) and bearish technicals (below key moving averages with negative momentum). Low leverage modestly offsets risk, but valuation signals are not supportive given negative earnings and no dividend data.
Positive Factors
Low leverage / balance sheet strength
Very low debt and a growing asset/equity base provide durable financial flexibility. Minimal leverage reduces refinancing risk and gives management runway to fund operations or projects via equity or retained assets, supporting survival and strategic options over the next several months.
Negative Factors
No revenue generation
The absence of any reported revenue over multiple years is a fundamental concern: it means the company lacks an operating income stream, remains wholly dependent on financing, and has no validated commercial product-market fit, raising structural doubts about sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet strength
Very low debt and a growing asset/equity base provide durable financial flexibility. Minimal leverage reduces refinancing risk and gives management runway to fund operations or projects via equity or retained assets, supporting survival and strategic options over the next several months.
Read all positive factors
Sunshine Gold Ltd (SHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$82.48M
Dividend YieldN/A
Average Volume (3M)14.99M
Price to Earnings (P/E)―
Beta (1Y)2.20
Revenue GrowthN/A
EPS Growth76.36%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding2,577,634,300
10 Day Avg. Volume17,594,839
30 Day Avg. Volume14,990,236
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio-3.49
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
Sunshine Gold Ltd Business Overview & Revenue Model
Company Description
Sunshine Gold Limited engages in the exploration and development of gold and copper mineral projects in Queensland. The company holds 100% interest in the Triumph gold project covering an area of 138 square kilometers with 2 exploration permits lo...
Sunshine Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -80.30K | -80.30K | -122.00K | -1.31M | -390.00K | -8.54K |
| EBITDA | -1.61M | -1.41M | -6.81M | -2.18M | -1.49M | -1.30M |
| Net Income | -3.10M | -2.27M | -6.93M | -3.49M | -1.67M | -1.06M |
Balance Sheet | ||||||
| Total Assets | 23.59M | 18.04M | 17.29M | 16.74M | 12.44M | 7.22M |
| Cash, Cash Equivalents and Short-Term Investments | 4.65M | 1.92M | 3.39M | 3.33M | 1.85M | 2.19M |
| Total Debt | 85.69K | 122.18K | 86.46K | 185.97K | 268.29K | 27.46K |
| Total Liabilities | 2.43M | 2.56M | 2.58M | 2.12M | 982.28K | 202.50K |
| Stockholders Equity | 21.16M | 15.48M | 14.71M | 14.62M | 11.45M | 7.02M |
Cash Flow | ||||||
| Free Cash Flow | -6.11M | -5.34M | -6.86M | -5.17M | -5.14M | -2.69M |
| Operating Cash Flow | -1.61M | -837.66K | -713.42K | -1.23M | -1.03M | -1.12M |
| Investing Cash Flow | -5.76M | -3.48M | -6.17M | -3.80M | -4.15M | -489.56K |
| Financing Cash Flow | 8.63M | 2.84M | 6.95M | 6.50M | 4.84M | 1.71M |
Sunshine Gold Ltd 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% | |
52 Neutral | AU$45.45M | 1.06 | -0.34% | ― | ― | -100.38% | |
47 Neutral | AU$62.56M | -5.83 | -6.35% | ― | ― | 59.26% | |
45 Neutral | AU$47.84M | -15.23 | -1.33% | ― | ― | ― | |
45 Neutral | AU$50.52M | -2.13 | -29.24% | ― | ― | 42.65% | |
41 Neutral | AU$82.48M | -15.76 | -16.95% | ― | ― | 76.36% | |
| ― | AU$62.80M | -2.98 | -0.21% | ― | ― | -61.06% |
* Basic Materials Sector Average
AU:SHN
Sunshine Gold Ltd
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Latrobe Magnesium Limited
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Sunshine Gold Ltd Corporate Events
Sunshine Metals Underpins North Queensland Projects With Detailed Resource Framework
Mar 25, 2026
Sunshine Metals has outlined the technical foundations and resource framework for its Liontown and Sybil projects in North Queensland, highlighting the polymetallic nature of the deposits and the methodology used to report gold, copper and zinc eq...
Sunshine Metals Wins Queensland Grant to Drill Trooper Creek Target
Mar 22, 2026
Sunshine Metals has secured a A$202,235 grant under Round 10 of Queensland’s Collaborative Exploration Initiative to fully fund a single diamond drill hole at its Trooper Creek gold-silver-copper-zinc prospect near Charters Towers. The hole ...
Sunshine Metals Starts Resource Drilling at High-Grade Liontown Gold Panel
Mar 11, 2026
Sunshine Metals has begun a 41-hole, 2,777-metre resource definition drilling program at the high-grade Liontown Gold Panel in Queensland. The gold-dominant horizon, sitting about 200 metres east of the proposed open pit, currently hosts a resourc...
Sunshine Metals releases interim financial report for December 2025 half-year
Mar 9, 2026
Sunshine Metals Limited has released its interim financial report for the half-year ended 31 December 2025, covering the company and its controlled entities. The report includes the directors’ commentary, condensed consolidated financial sta...
Sunshine Metals underscores JORC-backed progress at Liontown and Sybil
Feb 26, 2026
Sunshine Metals Ltd used a Townsville industry presentation to outline progress at its Liontown and Sybil projects in North Queensland, highlighting the large-system potential of these polymetallic deposits. The company detailed resource character...
Sunshine Metals Unveils Exceptional Silver Hit at Liontown
Feb 22, 2026
Sunshine Metals has reported an outstanding silver and gold intercept from recent reverse circulation grade control drilling at its Liontown deposit in Queensland, underscoring the area’s strong precious metals potential. A re-analysed inter...
Sunshine Metals Strikes More High-Grade Gold and Silver at Liontown
Jan 27, 2026
Sunshine Metals has reported further exceptional near-surface gold and silver intercepts from its reverse circulation grade control drilling at the Liontown deposit, including multiple thick, high-grade intervals that in several cases outperform t...
Sunshine Metals Funds Exploration Drive with Fresh Equity as Cash Outflows Persist
Jan 27, 2026
Sunshine Metals Limited reported its quarterly cash flow for the period ended 31 December 2025, highlighting continued investment in exploration and evaluation activities and a modest operating cash outflow. The company recorded net operating cash...
Sunshine Metals lifts Liontown gold resource and advances Ravenswood toward 2026 production
Jan 26, 2026
Sunshine Metals reported a 14% increase in the shallow gold resource at its Liontown deposit to 108,000 ounces, with an advanced mining study now evaluating 0.8 million tonnes at 4.3 grams per tonne gold plus significant silver credits, underpinni...
Sunshine Metals Secures $634,302 Dividend to Fund Key Gold Exploration
Jan 15, 2026
Sunshine Metals has received $634,302 as a first and final dividend from the liquidation of Pluton Resources, relating to long-outstanding royalty payments on iron ore shipments from the Cockatoo Island Project made in the 2015 financial year. The...
Sunshine Metals Expands Liontown Drilling After Exceptional Gold-Silver Hits
Jan 11, 2026
Sunshine Metals has reported a new batch of high-grade near-surface gold and silver intercepts from 30 reverse circulation grade-control holes at the Liontown deposit, including some of the highest silver grades recorded at the project. The compan...
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.