Top Page
Viking Mines Limited
(Sydney:VKA)
Viking Mines Limited (VKA) vs. S&P 500 (SPY)
Viking Mines Limited Business Overview & Revenue Model
Viking Mines Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 159.24K | 147.86K | 4.43M | 4.16M | 152.38K | 54.28K | Gross Profit |
| 30.30K | 147.86K | 4.35M | 4.09M | 150.15K | 54.28K | EBIT |
| -2.08M | -2.76M | 2.19M | 1.09M | -3.56M | -514.85K | EBITDA |
| -2.05M | -2.70M | 2.31M | 1.45M | -4.66M | -514.85K | Net Income Common Stockholders |
| -2.12M | -2.77M | 1.21M | 1.39M | -4.66M | -710.96K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.77M | 3.90M | 4.13M | 4.45M | 3.08M | 1.42M | Total Assets |
| 10.64M | 8.78M | 11.69M | 8.75M | 7.72M | 2.09M | Total Debt |
| 167.70K | 0.00 | 69.49K | 136.12K | 194.50K | 0.00 | Net Debt |
| -4.60M | -3.90M | -4.06M | -4.31M | -2.88M | -1.42M | Total Liabilities |
| 1.99M | 1.60M | 2.15M | 556.25K | 993.77K | 172.62K | Stockholders Equity |
| 8.65M | 7.18M | 9.54M | 8.19M | 7.47M | 2.66M |
| Cash Flow | Free Cash Flow | ||||
| -1.86M | 133.37K | -479.45K | 1.02M | -3.29M | -891.18K | Operating Cash Flow |
| -1.86M | 133.37K | -370.22K | 1.04M | -3.26M | -402.10K | Investing Cash Flow |
| -433.25K | -214.71K | -109.97K | 83.58K | -162.25K | -489.08K | Financing Cash Flow |
| 2.16M | -69.49K | -66.63K | -58.38K | 5.19M | 0.00 |
Viking Mines Limited Peers Comparison
Viking Mines Limited Corporate Events
Viking Mines Limited has announced a significant discovery of high-grade visible gold at its Riverina East Project, specifically within the Bifrost Target. The drilling program revealed substantial gold intercepts, indicating a promising potential for further high-grade gold discoveries in this underexplored area. The mineralization, hosted within dolerite, remains open along strike and down dip, prompting plans for immediate follow-up exploration. This discovery enhances Viking Mines’ positioning in the gold exploration sector, especially given the proximity to other major gold camps and the current high gold prices, potentially benefiting stakeholders and boosting the company’s operational prospects.
Viking Mines Limited has announced the quotation of 15,801,429 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 28, 2025. This move is part of previously announced transactions and could potentially enhance the company’s market presence and liquidity, impacting its stakeholders positively.
Viking Mines Limited has reported encouraging results from its Riverina East Project, with a high-grade inferred mineral resource estimate and successful completion of a phase 1 drilling program at the Bifrost Target. The company has identified significant gold intercepts and anomalies, indicating potential for substantial gold deposits. With a strong cash position and a recent drill for equity agreement, Viking Mines is well-positioned to continue its exploration efforts and advance its regional greenfield targets, aiming to capitalize on the opportunities within the Zuleika Shear.
Viking Mines Limited has announced the initiation of a box cut and decline access at its First Hit Gold Mine. This development marks a significant step in advancing the project, potentially enhancing the company’s operational capabilities and strengthening its position in the mining industry. The announcement is expected to have positive implications for stakeholders, as it may lead to increased resource extraction and potential growth in the company’s market presence.
Viking Mines Limited announced a proposed issue of 25 million ordinary fully paid securities, scheduled for April 22, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and market positioning, and is subject to ASX’s approval for quotation.
Viking Mines Limited has entered a ‘Drill-for-Equity’ agreement with Topdrill, allowing the company to offset drilling costs by issuing up to 25 million shares to the contractor. This strategic move aims to preserve Viking’s balance sheet while expanding its drilling program at the Riverina East project, which is part of a broader exploration effort along the Zuleika Shear. The agreement reflects confidence in Viking’s exploration strategy and is expected to enhance its operational capacity without immediate financial strain.
Viking Mines Limited has announced the results of its Phase 2 drilling program at the Bifrost site, revealing a second large gold anomaly over 300 meters long. The drilling program, which included 50 holes over 5,956 meters, has successfully defined high-priority targets for further exploration, with initial assay results expected by late April or early May. This development could enhance Viking’s position within the gold mining sector, potentially impacting stakeholders by increasing the company’s resource base and exploration potential.
Viking Mines Limited has announced the resignation of Michael Cox from his position as a director, effective March 31, 2025. The announcement details Cox’s interests in securities, specifically noting his holding of 10,000,000 performance rights, and indicates that there are no other relevant interests or contracts associated with his departure.
Viking Mines Limited has announced promising assay results from its infill auger drilling program at the Bifrost site, revealing a substantial gold anomaly over 400 meters long. This discovery, supported by overlapping arsenic anomalies, suggests the presence of a significant gold system. The results will guide further drilling efforts, with Phase 2 drilling already underway to explore the target more comprehensively. This development positions Viking Mines strategically within the gold-rich Zuleika Shear region, potentially enhancing its resource base and market standing.
Viking Mines Limited has announced the appointment of Dr. Julian Stephens as a director, effective March 11, 2025. Dr. Stephens holds a significant interest in the company through 10,000,000 ordinary fully paid shares under the One Way Trust, indicating a strong alignment with the company’s future growth and strategic direction.
Viking Mines Limited has announced the commencement of a 6,000-meter Reverse Circulation (RC) drilling program at its First Hit Gold Project in the Eastern Goldfields of Western Australia. This program targets the Central Duplex Target and the Bifrost discovery, aiming to explore high-grade mineralization and follow up on previous successful drilling results. The initiative is part of Viking’s aggressive exploration strategy to rapidly test its prospective tenure, with drilling expected to conclude in six weeks and results anticipated by late April. This development underscores Viking’s commitment to expanding its resource base and enhancing its position in the gold mining sector.
Viking Mines Limited has announced changes to its Board of Directors, with Dr. Julian Stephens joining as a Non-Executive Director and Mr. Michael Cox stepping down. Dr. Stephens brings over 25 years of experience in mineral resource discovery and exploration, having previously led significant projects such as the discovery of the world’s largest rutile deposit in Malawi. His expertise is expected to support Viking’s strategic objectives as the company continues its exploration programs. Mr. Cox’s departure follows his instrumental role in resolving litigation in Ghana, which has strengthened Viking’s financial position and enabled further exploration efforts.
Viking Mines Limited has released its half-year report for the period ending December 31, 2024. The report includes a review of operations, directors’ report, and financial statements. This release provides stakeholders with insights into the company’s performance and strategic direction, although specific financial details and forward-looking statements are not disclosed in the summary.
Viking Mines Limited has announced that 16,666,667 fully paid ordinary shares will be released from voluntary escrow on 11 March 2025. This release does not alter the company’s issued capital, indicating stability in its financial structure. The shares are already quoted on the ASX, and this move may enhance liquidity and provide more flexibility for stakeholders.
Viking Mines Limited has announced promising assay results from its second regional drill traverse at the Bifrost target, part of its Phase 1 drilling program. The results confirm the presence of gold mineralization over a 1.7km strike length, with significant intercepts indicating potential for extensive gold systems. The company plans immediate follow-up work, including a Phase 2 drill program, to further explore and define these gold-bearing pathways. This development could enhance Viking Mines’ position in the gold mining sector, potentially increasing its resource base and attracting stakeholder interest.
Viking Mines Limited has announced progress in the development of its First Hit Gold Mine, specifically regarding the box cut and decline access. The announcement emphasizes the company’s commitment to advancing its mining operations, which could enhance its position in the industry and potentially impact stakeholders by moving closer to production targets.
Viking Mines Limited announced the issuance of 50,000,000 unquoted options as part of previously disclosed transactions. This strategic move is part of the company’s efforts to enhance its financial flexibility and potentially support future growth initiatives, reflecting its proactive approach in managing its capital structure.
Viking Mines Limited announced that all resolutions were successfully carried at the recent General Meeting of shareholders. The resolutions included the ratification of prior issues of placement shares and approval to issue lead manager options. This outcome supports Viking Mines’ strategic initiatives and may enhance its financial capabilities, potentially impacting its market position positively.
Viking Mines Limited has completed an auger soil sampling program at its Canegrass and Narndee projects in Western Australia, collecting 665 samples for gold and multi-element analysis. The results are expected by the end of the March quarter and are aimed at identifying potential gold anomalies, particularly at Narndee, where gold nuggets have been previously reported. This exploration could enhance the company’s resource base beyond its existing vanadium projects, potentially impacting its market positioning and offering new opportunities for stakeholders.