Breakdown | |||||
TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
170.48K | 263.13K | 172.21K | 170.48K | 199.48K | 115.95K | Gross Profit |
-1.38M | 57.84K | -1.61M | -1.41M | -952.22K | -577.79K | EBIT |
-2.80M | -2.59M | -3.36M | -2.81M | -2.23M | -2.07M | EBITDA |
-6.92M | -1.97M | -3.74M | -12.94M | 5.77M | -3.47M | Net Income Common Stockholders |
-13.30M | -2.22M | -4.11M | -13.30M | 5.36M | -3.75M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
549.56K | 11.07M | 13.64M | 22.72M | 43.36M | 12.12M | Total Assets |
60.39M | 138.74M | 130.76M | 117.53M | 125.29M | 89.70M | Total Debt |
0.00 | 0.00 | 3.57M | 3.49M | 3.85M | 4.91M | Net Debt |
-549.56K | -10.81M | -4.48M | -13.40M | -27.57M | -7.21M | Total Liabilities |
1.02M | 1.13M | 4.83M | 4.85M | 5.55M | 6.08M | Stockholders Equity |
59.38M | 137.61M | 125.92M | 112.68M | 119.74M | 83.62M |
Cash Flow | Free Cash Flow | ||||
-17.37M | -16.03M | -25.46M | -17.37M | -12.88M | -13.22M | Operating Cash Flow |
-1.96M | -2.30M | -2.49M | -1.96M | -1.63M | -1.45M | Investing Cash Flow |
-13.15M | -8.40M | -23.27M | -13.15M | -9.16M | -11.08M | Financing Cash Flow |
5.44M | 13.45M | 16.92M | 5.44M | 30.08M | 24.02M |
Silver Mines Limited has submitted an application for determination with the New South Wales Department of Planning, Housing and Infrastructure regarding the Bowdens Silver Project. This follows legislative amendments to the Environmental Planning and Assessment Act 1979, which allow the Planning Secretary to decide on project components requiring consent. The outcome will enable Silver Mines to progress its development application, crucial for reinstating the project’s development consent. The company is committed to advancing the project, which is expected to create approximately 220 full-time jobs, benefiting stakeholders and the local economy.
Silver Mines Limited has released a presentation dated March 31, 2025, which provides a summary of the company’s current status and future prospects. The presentation, authorized by the Managing Director, highlights that past performance metrics are for illustrative purposes only and should not be relied upon for future performance predictions. The document also contains forward-looking statements that involve risks and uncertainties, emphasizing that actual results may differ from those projected. The company disclaims any obligation to update these statements, and the presentation is not an offer for securities.
Silver Mines Limited has commenced a diamond drilling program at its Bowdens Silver Project to collect samples for the first 10 years of production, as outlined in their recent Optimisation Study. This initiative aims to expand the current Ore Reserve Estimate by targeting high-grade mineralisation zones, potentially extending the mine’s life beyond the current 16.5 years. The program will also produce concentrate samples for potential off-take partners and inform final mine design and tailings processing, enhancing the project’s viability and attractiveness in the global silver sector.
Silver Mines Limited has commenced diamond drilling at the Elsienora Project, part of the Tuena Gold Project portfolio in New South Wales. The initial drilling program aims to explore the potential for McPhillamys-style gold mineralization at the Picker, Barite, and Elsienora Prospects. The project, previously held by various companies, has shown significant potential for gold and silver mineralization, and the current drilling efforts are expected to fill knowledge gaps and enhance the company’s exploration portfolio.
Silver Mines Limited announced that all resolutions put forth at its Extraordinary General Meeting were successfully passed by shareholders. The ratification of placement shares and options indicates strong shareholder support, potentially enhancing the company’s capital structure and operational capabilities.