Top Page
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 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
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% | |
54 Neutral | AU$56.04M | -2.13 | -29.24% | ― | ― | 42.65% | |
52 Neutral | AU$90.22M | -15.76 | -16.95% | ― | ― | 76.36% | |
52 Neutral | AU$49.40M | 1.06 | -0.34% | ― | ― | -100.38% | |
47 Neutral | AU$56.30M | -5.83 | -6.35% | ― | ― | 59.26% | |
42 Neutral | AU$51.57M | -15.23 | -1.33% | ― | ― | ― | |
34 Underperform | AU$59.21M | -2.81 | -0.21% | ― | ― | -61.06% |
Sunshine Gold Ltd Corporate Events
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 resource of 247,000 tonnes at 7.35 grams per tonne gold and 11 grams per tonne silver, for 58,200 ounces of gold and 87,000 ounces of silver.
The campaign aims to lift resource confidence within the upper two planned underground levels, generate additional metallurgical data ahead of potential mining and test for extensions to the orebody. Results from a recent shallow open-pit grade control program are due in March, with an upgraded shallow gold resource and updated mining study targeted for April, underscoring Sunshine’s push toward production at Liontown.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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 statements, and an independent auditor’s review, providing investors with updated insight into the group’s financial position and performance.
The documentation sets out the profit or loss, financial position, cash flows, and changes in equity for the period, alongside the auditor’s independence declaration. This interim disclosure is a routine regulatory requirement that helps stakeholders assess Sunshine Metals’ mid-year financial health and informs ongoing evaluation of its operational and capital management strategies.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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 characteristics at Liontown, including distinct gold-copper rich footwall lodes and zinc-lead-silver dominant contact lodes, supported by metal-equivalent calculations based on established metallurgical recoveries and commodity price assumptions.
The release underscores that its resource and exploration data are compiled and signed off by multiple independent Competent Persons under the JORC 2012 Code, reinforcing technical credibility as Sunshine advances project evaluation. While framed by standard cautionary statements on forward-looking information, the emphasis on upgraded shallow gold resources at Liontown and consolidated high-grade prospects across its portfolio signals a strategic push to de-risk and scale its North Queensland assets for potential future development.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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 interval from hole 25LTRC070 returned 1 metre grading 136 grams per tonne gold and 9,960 grams per tonne silver from 18 metres, within a broader 30-metre zone at 6.68 grams per tonne gold and 528 grams per tonne silver.
The expanded program, completed on 5 February and extended to 121 holes after early high-grade hits, has so far delivered assays for 68 holes, with remaining results due in March. Sunshine plans to incorporate the new data into an updated resource estimate in April and a revised mining study, which could materially enhance the existing Liontown resource of more than 5.5 million ounces of silver and support a stronger precious metals profile for the project.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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 the existing resource model. The company has now completed 82 of 121 planned holes over the shallow gold resource, with assays from most holes received, and expects these strong results to significantly upgrade both the current 108,000-ounce gold and 803,000-ounce silver resource and the initial Liontown Mining Study, which remains on track for completion and subsequent update in early 2026, potentially enhancing mine planning, open-pit economics and toll treatment discussions.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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 outflows of A$358,000 for the quarter, driven mainly by administration and corporate costs, while investing activities used A$1.25 million, largely due to A$1.50 million spent on exploration and evaluation offset partly by A$327,000 in proceeds from investments. Financing activities were a key source of liquidity, delivering A$1.20 million in net cash inflows for the quarter, primarily from A$1.09 million raised through the exercise of options, which helped lift the company’s cash balance from A$5.06 million at the beginning of the period despite negative operating and investing cash flows. The cash flow profile underscores Sunshine Metals’ reliance on equity funding to support its exploration-led growth strategy, a typical pattern for early-stage resource companies that are yet to transition to production and cash-generating operations.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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, underpinning the company’s goal of first production in 2026 from the Ravenswood Consolidated Project. The quarter also delivered outstanding high-grade results from diamond drilling at the Sybil (Francis Creek) prospect, identification of seven high-priority VMS conductors from a government‑supported VTEM Max survey, and strong near-surface gold and silver grade-control intercepts at Liontown, collectively reinforcing Sunshine’s strategy to fast-track low-capex cash flow and strengthen its position in the North Queensland gold and base metals sector.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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 funds will be directed into ongoing exploration at Sunshine’s Sybil epithermal gold targets and the Liontown gold study, providing a non-dilutive cash boost that supports project advancement and potentially strengthens the company’s exploration momentum in its core Queensland assets.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
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 company has now completed 68 of a planned 84 holes and, on the back of these results, has expanded the program by about 37 additional holes to test the open eastern extent of the shallow oxide resource. The drilling is expected to refine mine planning and support potential toll-treatment discussions, while the ongoing Gold Mining Study for Liontown remains on track for completion in January 2026 and is being updated to incorporate the newly defined high-grade silver zones as Sunshine targets first gold and silver production in 2026.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.