WIA Gold Limited (WIA) AI Stock Analysis

• Market Cap: AU$649.25M
• Dividend Yield: N/A
• Average Volume (3M): 1.88M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: -5.41%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 1,475,560,300
• 10 Day Avg. Volume: 1,833,425
• 30 Day Avg. Volume: 1,876,415
• PEG Ratio: 0.00
• Price to Book (P/B): 4.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -464.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: AU$0.43 ▼(-14.20% Downside)

The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and ongoing negative cash flow) despite a clean, debt-free balance sheet and improved cash outflows in 2025. Technicals are mixed with soft near-term momentum, and valuation support is limited because the company is loss-making and has no dividend yield provided.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet reduces solvency risk and provides financial flexibility, allowing the company to focus on growth initiatives without the burden of interest payments.

Kokoseb Project Potential

The Kokoseb Project's long mine life and strong financial metrics position WIA Gold for sustainable growth, enhancing its market presence and resource base in the competitive mining industry.

Resource Expansion

Expanding resource estimates at the Kokoseb Deposit strengthens WIA Gold's strategic position, supporting future production and revenue growth in the gold mining sector.

Negative Factors

Pre-Revenue Losses

Ongoing pre-revenue losses highlight the company's reliance on external funding, posing risks to financial sustainability and delaying the path to profitability.

Negative Cash Flow

Persistent negative cash flow indicates operational inefficiencies and a need for continued external financing, which could dilute shareholder value over time.

Performance Rights Cessation

The cessation of performance rights reflects challenges in meeting strategic goals, potentially impacting employee motivation and the company's ability to retain key talent.

WIA Gold Limited Business Overview & Revenue Model

Company Description

WIA Gold Limited engages in the exploration and evaluation of gold, copper, and base metal properties in Namibia and Cote d'lvoire. It primarily focuses on the exploration of the Cote d'lvoire projects, which comprise the Bouaflé, Mankono, and Issia; and Bocanda projects, which covers an area of 3,038 square kilometers in southern Cote d'lvoire. The company was formerly known as Tanga Resources Limited and changed its name to WIA Gold Limited in December 2021. WIA Gold Limited was incorporated in 2010 and is headquartered in West Perth, Australia.

How the Company Makes Money

WIA Gold Limited generates revenue primarily through the exploration and development of gold mining projects. The company's key revenue streams include the sale and trade of gold extracted from its mining operations and potential joint ventures or partnerships with other mining companies for shared development of gold resources. Additionally, WIA may engage in licensing agreements or sell stakes in its projects to other investors, generating income from these transactions. The company relies on its expertise in mineral exploration and strategic partnerships to enhance its earnings potential.

WIA Gold Limited Financial Statement Overview

Summary

Income statement is very weak (pre-revenue with widening net losses), and cash flow remains negative despite a sharp improvement in 2025 cash burn. The balance sheet is a key offset with no debt and a larger equity base, but ongoing losses imply continued reliance on equity funding rather than self-sustaining operations.

Income Statement

The company remains pre-revenue (zero revenue in 2022–2025 annual reports, with only modest revenue in 2021), while losses have widened materially in the most recent year (net loss of ~5.1M in 2025 vs ~3.6M in 2024). Profitability is structurally weak with negative gross profit and deeply negative operating results, indicating continued heavy spend without an operating earnings base yet.

Balance Sheet

The balance sheet is conservatively levered with no reported debt across all periods, which reduces solvency risk. Equity has increased significantly over time (to ~70.2M in 2025 from ~41.4M in 2024), supporting the asset base (~72.4M total assets), but returns on equity are consistently negative due to ongoing net losses—highlighting dilution/financing dependence rather than self-funded profitability.

Cash Flow

Cash generation is weak with consistently negative operating cash flow and free cash flow, reflecting ongoing cash burn. However, the magnitude of outflows improved sharply in 2025 (free cash flow about -0.64M vs about -11.9M in 2024; operating cash flow about -0.45M vs about -1.32M), suggesting better cost control or timing benefits—though the business still does not produce sustainable positive cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	227.97K
Gross Profit	-66.65K	-66.65K	-38.26K	-44.07K	-1.25K	-28.18K
EBITDA	-3.74M	-5.28M	-3.58M	-1.48M	-1.35M	-2.14M
Net Income	-3.55M	-5.09M	-3.62M	-1.52M	-1.35M	-2.17M
Balance Sheet
Total Assets	72.39M	72.39M	43.77M	17.23M	11.76M	8.48M
Cash, Cash Equivalents and Short-Term Investments	29.01M	29.01M	15.05M	1.22M	2.32M	5.18M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.28M	1.28M	1.17M	278.76K	204.67K	192.13K
Stockholders Equity	70.21M	70.21M	41.43M	16.83M	11.56M	8.29M
Cash Flow
Free Cash Flow	-72.56K	-640.47K	-11.92M	-7.17M	-6.37M	-2.41M
Operating Cash Flow	-3.79K	-450.11K	-1.32M	-749.53K	-819.80K	-661.58K
Investing Cash Flow	-15.29M	-15.29M	-10.74M	-6.52M	-6.26M	-1.74M
Financing Cash Flow	29.65M	29.65M	25.90M	6.16M	4.31M	6.97M

WIA Gold Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WIA, the sentiment is Negative. The current price of 0.5 is above the 20-day moving average (MA) of 0.48, above the 50-day MA of 0.44, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.31 is Neutral, neither overbought nor oversold. The STOCH value of 26.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WIA.

WIA Gold Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBR	73 Outperform	AU$369.38M	11.15	13.71%	3.30%	48.57%	666.83%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AUC	57 Neutral	AU$624.33M	-37.01	-11.99%	―	―	1.60%
MEK	54 Neutral	AU$692.28M	-117.50	-4.97%	―	―	16.67%
DTR	50 Neutral	AU$1.32B	-77.66	-183.07%	―	―	70.81%
SBM	46 Neutral	AU$883.15M	-7.40	-15.01%	―	-3.61%	-49.39%
WIA	45 Neutral	AU$649.25M	-112.82	-9.13%	―	―	-5.41%

WIA Gold Limited Corporate Events

Wia Gold names new CEO to drive Kokoseb gold project into development

Wia Gold Limited has appointed seasoned mining executive Henk Diederichs as Managing Director and Chief Executive Officer from 1 February 2026, with current Executive Chairman Josef El‑Raghy moving to the role of Non‑Executive Chairman. Diederichs, an engineer with more than two decades of African project development and operational experience at companies including Predictive Discovery, OreCorp and Equinox Minerals, is expected to strengthen Wia’s capability as it accelerates the Kokoseb Gold Project in Namibia toward a Definitive Feasibility Study targeted for completion in the second half of 2026 and transitions from pure exploration to project development, a step that could be pivotal in transforming Kokoseb into a development‑ready gold asset and advancing value creation for stakeholders.

The most recent analyst rating on (AU:WIA) stock is a Hold with a A$0.52 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.

Santa Fe Minerals Expands Gold Portfolio with Côte d’Ivoire Acquisition

Santa Fe Minerals Limited has entered into a binding agreement to acquire 80% of four gold projects in Côte d’Ivoire from WIA Gold Limited. These projects, covering 3,449 square kilometers, include both early-stage prospects and drill-ready targets, enhancing Santa Fe’s exploration pipeline. The acquisition is part of Santa Fe’s strategy to expand its gold project portfolio and is supported by a $6 million capital raise, pending shareholder approval.

The most recent analyst rating on (AU:WIA) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.

WIA Gold Limited Announces Cessation of Performance Rights

WIA Gold Limited announced the cessation of 4,000,000 performance rights expiring on July 17, 2028, due to unmet conditions. This development may affect the company’s capital structure and could have implications for its stakeholders, reflecting challenges in meeting certain operational or strategic goals.

The most recent analyst rating on (AU:WIA) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.

Wia Gold Highlights Kokoseb Deposit at AGM

Wia Gold Limited announced an investor presentation at its Annual General Meeting, highlighting the Kokoseb Gold Deposit in Namibia, which has an updated Inferred Mineral Resource Estimate of 2.93 million ounces of gold. This development underscores Wia Gold’s strategic position in the mining sector, with a focus on expanding its resource base and strengthening its market presence in Africa.

The most recent analyst rating on (AU:WIA) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.

WIA Gold Limited Adopts New Constitution to Enhance Governance

WIA Gold Limited has adopted a new constitution following a special resolution by its shareholders on November 28, 2023. This move is expected to streamline the company’s governance structure, potentially enhancing operational efficiency and aligning with regulatory requirements, which may positively impact its market positioning and stakeholder relations.

The most recent analyst rating on (AU:WIA) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.