Top Page
Variscan Mines Limited
(Sydney:VAR)
Variscan Mines Limited (VAR) vs. iShares MSCI Australia ETF (EWA)
Variscan Mines Limited Business Overview & Revenue Model
Variscan Mines Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 1.07K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -16.65K | -16.65K | 1.07K | -7.55K | 0.00 | 0.00 |
| EBITDA | -429.15K | 0.00 | -629.59K | -878.70K | -822.65K | -682.47K |
| Net Income | -920.39K | -920.39K | -650.27K | -886.24K | -827.05K | -684.61K |
Balance Sheet | ||||||
| Total Assets | 11.47M | 11.47M | 9.83M | 9.63M | 9.04M | 9.50M |
| Cash, Cash Equivalents and Short-Term Investments | 451.94K | 451.94K | 250.26K | 1.02M | 1.95M | 4.44M |
| Total Debt | 250.00K | 250.00K | 100.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 591.83K | 591.83K | 509.62K | 254.18K | 281.06K | 232.42K |
| Stockholders Equity | 10.88M | 10.88M | 9.32M | 9.38M | 8.76M | 9.27M |
Cash Flow | ||||||
| Free Cash Flow | -805.34K | -805.34K | -1.47M | -2.20M | -2.48M | -2.29M |
| Operating Cash Flow | -766.18K | -766.18K | -358.95K | -586.76K | -638.53K | -767.98K |
| Investing Cash Flow | -1.45M | -1.45M | -1.11M | -1.61M | -1.84M | -1.05M |
| Financing Cash Flow | 2.41M | 2.41M | 707.00K | 1.25M | -5.55K | 4.11M |
Variscan Mines Limited 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% | |
53 Neutral | AU$6.70M | -5.81 | -4.79% | ― | ― | -47.62% | |
48 Neutral | AU$19.90M | -17.50 | -20.25% | ― | 20.87% | 76.67% | |
46 Neutral | AU$7.48M | -6.67 | -9.11% | ― | ― | 6.25% | |
45 Neutral | AU$12.33M | -2.22 | -56.10% | ― | ― | 44.90% | |
43 Neutral | AU$6.54M | -0.57 | -72.76% | ― | ― | -1.73% | |
41 Neutral | AU$42.60M | -6.05 | -5.81% | ― | -67.81% | -244.10% |
Variscan Mines Limited Corporate Events
Variscan Mines Limited has received approval from the Government of Cantabria for its Preliminary Mining Plan, known as the Anteproyecto, for the San Jose Mine Restart. This approval is a significant step forward, allowing the company to conduct pre-works, site development, and trial mining activities necessary for the mine’s restart. The approval also facilitates the adaptation of existing facilities for larger scale mining operations, focusing on critical infrastructure such as mine access, transportation, and safety. This progress underscores Variscan’s strong permitting capabilities and its positive relationship with the local government, positioning the company well for future development phases.
Variscan Mines Limited announced a correction to a previously lodged document regarding a change in a director’s interest, which now includes 6,500,000 unlisted options related to placement shares. This correction ensures transparency and accuracy in the company’s disclosures, potentially impacting investor confidence and stakeholder trust.
Variscan Mines Limited announced changes to Director Stewart Dickson’s interests following his participation in a share placement. The company corrected an administrative error regarding the issuance of ordinary shares and reaffirmed its compliance with listing rules, ensuring that its disclosure and securities trading policies are adequate.
Variscan Mines Limited announced that all resolutions proposed at its Annual General Meeting were successfully passed. This includes significant approvals such as the re-election of a board member, the issuance of securities, and an increase in remuneration for non-executive directors, which collectively indicate strong shareholder support and strategic alignment for the company’s future initiatives.
Variscan Mines Limited has announced its focus on developing Spain’s next high-grade zinc mine, which is expected to play a significant role in the energy transition. This strategic move is anticipated to enhance the company’s position in the mining industry and could have implications for stakeholders by potentially increasing the company’s market share and operational capabilities.
Variscan Mines Limited has announced new assay results from its underground drilling campaign at the Udías Mine, part of the Novales-Udías Project in northern Spain. The results confirm the continuation of high-grade zinc mineralization, with significant intercepts indicating potential for resource expansion beyond current estimates. The drilling success highlights the growth potential of the largely under-explored Udías Mine, with plans to continue exploration to link up with existing mineral resource zones and the adjacent San Jose Mine.
Variscan Mines Limited has announced its strategic focus on developing a high-grade zinc mine in Spain, which is expected to play a significant role in the energy transition. This development could enhance the company’s operations and strengthen its position in the mining industry, potentially impacting stakeholders positively by increasing zinc supply.
Variscan Mines Limited has released its annual report for the year ending 30 June 2025. The report highlights the company’s strategic focus on advancing its zinc projects in Spain, which is expected to strengthen its position in the natural resources industry and potentially impact stakeholders by enhancing its market presence and operational capabilities.
Variscan Mines Limited has released its 2025 Corporate Governance Statement, outlining its adherence to the ASX Corporate Governance Council Principles and Recommendations. The company emphasizes its commitment to maintaining a governance framework that aligns with its current development stage and operational needs, ensuring effective oversight and management of its strategic mineral projects.
Variscan Mines Limited has made significant strides in its Novales-Udías Project, with the formal approval of a Restoration Plan and the acquisition of historic drill data indicating high-grade zinc and lead intercepts. The company completed a $2.25 million placement to support its growth strategy and entered into agreements to potentially acquire Irish Zinc Assets. The completion of a 3D laser survey has enhanced geological understanding, aiding in refining drilling strategies and reducing technical risks. These developments position Variscan for a pivotal upcoming quarter as it prepares to release its Mine Re-Start Study.
Variscan Mines Limited has announced its 2025 Annual General Meeting, scheduled for November 28, 2025, in Sydney. The meeting will be held physically, with shareholders encouraged to submit proxy votes online. This announcement underscores the company’s commitment to maintaining transparent communication with its stakeholders and may impact shareholder engagement and decision-making processes.
Variscan Mines Limited has issued 346,872,716 Ordinary Shares to Sophisticated and Professional Investors without disclosure under Part 6D.2 of the Corporations Act. This strategic move indicates the company’s compliance with regular reporting and disclosure obligations, potentially strengthening its financial position and market presence.
Variscan Mines Limited announced the issuance of 32,150,685 unquoted equity securities, specifically options expiring on September 29, 2028, with an exercise price of $0.008. This move is part of the company’s strategic financial maneuvers, potentially impacting its capital structure and providing opportunities for future growth and investment.
Variscan Mines Limited has announced the issuance of 14,301,372 ordinary fully paid securities following approval at a General Meeting. This move is part of the company’s strategic efforts to enhance its financial structure and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
Variscan Mines Limited has released its financial report for the year ended 30 June 2025. The report’s release highlights the company’s continued focus on strategic mineral projects and its commitment to advancing its zinc projects in Spain. This financial disclosure is crucial for stakeholders as it provides insights into the company’s operational health and strategic direction.