Sunshine Gold Ltd (AU:SHN)
ASX:SHN
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Sunshine Gold Ltd
(Sydney:SHN)
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Rating:44Neutral
Price Target:
AU$0.03
â–²(45.00% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn), partially offset by very low leverage on the balance sheet. Technical indicators are mixed but generally soft (negative MACD and RSI around 40), and valuation metrics provide limited support due to a negative P/E and no dividend yield.
Positive Factors
Low leverage
Very low leverage materially reduces refinancing and interest-rate risk and preserves balance-sheet flexibility. For a loss-making company this structural conservatism lengthens runway, eases capital structure strain, and improves optionality to raise equity or deploy assets for recovery over months.
Negative Factors
No revenue
Absence of recorded revenue for multiple years is a fundamental barrier to sustainable profitability. Without an operating sales base, the company must rely on financing or non-recurring items to fund operations, increasing execution risk and making long-term value creation contingent on successful commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage materially reduces refinancing and interest-rate risk and preserves balance-sheet flexibility. For a loss-making company this structural conservatism lengthens runway, eases capital structure strain, and improves optionality to raise equity or deploy assets for recovery over months.
Read all positive factors
Sunshine Gold Ltd (SHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$90.40M
Dividend YieldN/A
Average Volume (3M)14.99M
Price to Earnings (P/E)―
Beta (1Y)2.45
Revenue GrowthN/A
EPS Growth82.14%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,228,470,200
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...
How the Company Makes Money
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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 | 20.22% | ― | ― | ― | |
51 Neutral | AU$64.05M | -15.23 | -1.33% | ― | ― | ― | |
47 Neutral | AU$56.32M | -5.83 | -6.35% | ― | ― | -1100.00% | |
45 Neutral | AU$54.26M | -2.13 | -29.24% | ― | ― | -43.78% | |
44 Neutral | AU$90.40M | -15.76 | -16.95% | ― | ― | 82.14% | |
| ― | AU$54.01M | -2.56 | -0.21% | ― | ― | -77.34% |
* Basic Materials Sector Average
AU:SHN
Sunshine Gold Ltd
0.03
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180.00%
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Errawarra Resources Ltd.
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AU:LMG
Latrobe Magnesium Limited
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<0.01
80.00%
Sunshine Gold Ltd Corporate Events
Sunshine Metals launches A$3m share plan to fund gold and base metals exploration
May 8, 2026
Sunshine Metals has opened a share purchase plan to raise up to A$3 million at A$0.027 per share, offering eligible Australian and New Zealand shareholders the chance to subscribe for up to A$30,000 of stock without brokerage, on the same terms as...
Sunshine Metals Seeks ASX Quotation for Additional Shares
May 8, 2026
Sunshine Metals Limited has applied for the quotation of 2,333,333 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 8 May 2026. The new shares arise from the exercise or conversion of existing options or ...
Sunshine Metals Seeks ASX Quotation for 625.9 Million New Shares
May 8, 2026
Sunshine Metals Limited has applied to the ASX for quotation of 625,925,925 ordinary fully paid shares, with an issue date of 8 May 2026, under its ticker SHN. The substantial new share quotation will materially expand the company’s listed s...
Sunshine Metals reinforces JORC-backed resource base across Queensland portfolio
May 7, 2026
Sunshine Metals has outlined the technical basis for its Queensland resource portfolio, detailing how gold, copper, zinc, lead and silver are modelled and reported across its Liontown, Waterloo, Orient, Plateau and Sybil projects. The company emph...
Sunshine Metals Seeks ASX Quotation for 22.6 Million New Shares
May 1, 2026
Sunshine Metals Limited has applied to the ASX for quotation of 22,576,689 new ordinary fully paid shares, to be issued and tradable from 1 May 2026. The securities arise from the exercise or conversion of existing options or other convertible ins...
Sunshine Metals Plans Major Share and Option Issue to Raise Capital
Apr 30, 2026
Sunshine Metals Limited has notified the ASX of a proposed capital raising through a placement or similar issue structure, outlining plans to issue up to 703,703,704 new fully paid ordinary shares. The company will also create a new class of unlis...
Sunshine Metals Details Resource Basis and Growth Plans for Queensland Projects
Apr 30, 2026
Sunshine Metals Ltd has outlined its growth plans around its Queensland projects, highlighting the large-scale potential of its Liontown and Plateau systems and the metallurgical assumptions underpinning its zinc-equivalent resource calculations. ...
Sunshine Metals Buys Mt Moss Plant and Raises $22m to Fast-Track Gold Production
Apr 30, 2026
Sunshine Metals has agreed to acquire 100% of the Mt Moss Operation in Queensland for $18 million, securing a 300,000 tonne-per-annum processing plant and extensive infrastructure near its Sybil and Liontown deposits. The company is also raising $...
Sunshine Metals Halts Trading Ahead of Asset Deal and Capital Raising
Apr 28, 2026
Sunshine Metals Limited has requested a voluntary trading halt on its securities on the ASX, effective from 28 April 2026, while it prepares a market announcement. Trading is expected to resume no later than the start of normal trading on 30 April...
Sunshine Metals Maintains Strong Cash Position Amid Ongoing Exploration Spend
Apr 26, 2026
Sunshine Metals reported a modest positive operating cash flow of A$357,000 for the March 2026 quarter, driven by interest income and a one-off royalty-related dividend, while administrative and corporate costs remained the main cash outflows. The...
Sunshine Metals advances Ravenswood project with robust Liontown study and high-grade drilling
Apr 26, 2026
Sunshine Metals reported continued progress at its Ravenswood Consolidated Project for the quarter to 31 March 2025, highlighted by a mining study over the shallow Liontown gold deposit. The study outlined an initial production target of about 75,...
Sunshine Metals Hits Further High-Grade Gold as Liontown Resource Upgrade Nears
Apr 20, 2026
Sunshine Metals reported final assay results from a 121-hole reverse circulation grade control drilling program at the proposed Liontown open pit, confirming shallow high-grade gold and silver mineralisation that underpins mine planning and a fort...
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...
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.